Hanwha Ocean Enters Final Stretch of C$60B Canada Submarine Race, Decision Due Mid-July
South Korea's Hanwha Ocean (042660.KS), partnering with HD Hyundai Heavy Industries (329180.KS), has advanced to the decisive final stage of Canada's landmark Canadian Patrol Submarine Project (CPSP),
SKC Posts KRW 305 Billion Operating Loss in FY2025 as Battery Foil Surges, Credit Ratings Cut
SKC (011790.KS) reported a KRW 305 billion operating loss for FY2025, with net losses hitting KRW 719 billion as financing charges and write-downs mounted despite a 59% surge in its battery copper foil unit.
Woori Financial Adds ₩10 Trillion to Growth and Inclusive-Finance Targets, Tripling 2026 Safety-Net Goal
Woori Financial Group expanded its Future Shared Growth Project by ₩10 trillion (USD 6.5 billion), lifting the 2026 inclusive-finance target nearly threefold to ₩3.5 trillion and scheduling ₩400 billion in debt write-offs.
Hanwha Lifts KAI Stake to 9.04%, Eyes 12% by Year-End in Korean Aerospace Consolidation Bet
Hanwha Group becomes KAI second-largest shareholder at 9.04%, spending KRW 625B. Board approves KRW 500B more targeting 12% by year-end. Hanwha Aerospace stock falls 6.48%.
Korean Biotech Giants Descend on BIO USA 2026, Targeting CDMO Contracts and AI Drug Discovery Deals
Samsung Biologics, Celltrion, SK Biopharmaceuticals and Lotte Biologics are among 51 Korean firms at BIO USA 2026 in San Diego, targeting CDMO contracts and AI drug discovery deals as BIOSECURE Act reshapes global manufacturing demand.
Hyundai Motor Group to Acquire SoftBank's Remaining 9.65% Stake in Boston Dynamics for USD 325 Million
Hyundai Motor Group is set to acquire SoftBank's remaining 9.65% stake in Boston Dynamics for USD 325 million, completing full ownership of the robotics firm ahead of a potential Nasdaq IPO in 2027.
Shinsegae Posts 50% Operating Profit Surge in Q1 2026 on Duty-Free Rebound and Premium Retail Strength
Shinsegae's Q1 2026 consolidated operating profit surged 49.5% year-on-year to KRW 197.8 billion as duty-free revenues rebounded and department store sales grew 10.9%.
Samsung Targets HBM4 Long-Term Supply Deals With Nvidia and AMD After World-First HBM4E Samples
Samsung Electronics held its twice-yearly strategy meeting on June 18, with Vice Chairman Jeon Young-hyeon leading discussions on HBM4 and HBM4E supply roadmaps and long-term agreements with Nvidia, AMD, Broadcom, and Google.
LG Group Sends 30-Exec Team to Nvidia HQ to Advance M.A.P. Alliance Across Robotics, AI Data Centers, and Mobility
LG Group's ~30 executives head to Nvidia's California HQ on June 24, deepening a three-pillar M.A.P. (Mobility, AI Infrastructure, Physical AI) alliance that spans LG Electronics, LG Innotek, LG CNS, LG Energy Solution and LG Uplus.
SK Square Hits Record ₩1.891 Million Intraday, Outpacing SK Hynix as Index Cap Drives Proxy Demand
SK Square's shares touched a record intraday high of ₩1,891,000 in June, climbing 44% on the month as a 10% index weight cap on SK Hynix pushes institutional investors toward the holding company.
LG Energy Solution Hits 100,000 Global Patent Mark, First Battery Maker to Reach the Milestone
LG Energy Solution surpassed 100,000 global patent applications, becoming the first battery company in the world to reach the milestone, backed by record R&D spending of ₩1.33 trillion in 2024.
Kia Plans to Phase Out Granbird Bus After 55 Years as Chinese Rivals and Emissions Costs Bite
Kia Corp plans to discontinue its Granbird large bus within two years, ending 55 years of commercial vehicle production as Chinese rivals and stricter emissions rules squeeze margins.