SEOUL, Jan. 31 (Korea Bizwire) — SK hynix Inc., South Korea’s No. 2 chipmaker, said Friday it swung to a loss in the fourth quarter from a year earlier due to a slump in the memory chip sector. For the three months that ended Dec. 31, SK hynix shifted to a net loss of 118.2 [...]
SEOUL, Jan. 30 (Korea Bizwire) — Samsung Electronics Co. said Thursday it is expecting a gradual recovery in memory chip demand and shipments of smartphones this year after delivering a 38 percent drop in its fourth-quarter earnings, aided by improving demand from data centers and smartphone makers, and releases of the latest premium gadgets. Samsung, [...]
SEOUL, Jan. 29 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner, will boost investment in its electric vehicle (EV) battery and materials business, a top executive has said. SK Innovation CEO and President Kim Jun made the comments in an interview with the company’s in-house news channel that was provided to employees Wednesday [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Korea’s No. 1 steelmaker POSCO’s Pohang Steel Mill plans to increase the number of smart factories this year at its Pohang complex this year. Pohang Steel Mill announced on Monday that it plans to transform its third plant into a smart factory. A smart factory refers to a [...]
SEOUL, Jan. 10 (Korea Bizwire) — SK Innovation Co., South Korea’s leading refiner and chemical company, said Friday it will invest 1 trillion won (US$860 million) to build its second car battery plant in the United States. SK Innovation has already invested 1.9 trillion won to build a car battery plant with a capacity of [...]
SEOUL, Jan. 9 (Korea Bizwire) — U.S.-based chemical firm Dupont on Thursday announced its plan to invest US$28 million in South Korea to build a production line for photoresist, which can potentially help Asia’s No. 4 economy reduce its dependence of the key industrial material on Japan amid their trade spat. Under the project, Rohm [...]
SEOUL, Jan. 6 (Korea Bizwire) — South Korean refiners and petrochemical companies are bracing for potential fallout from the U.S. killing of a top Iranian general, which has already sent global oil prices higher, industry sources said Monday. The fatal drone strike on Gen. Qassem Soleimani, the head of Iran’s elite Quds Force, on Friday [...]
SEOUL, Jan. 1 (Korea Bizwire) — A power failure at a Samsung Electronics factory disrupted production of semiconductors on Tuesday, industry sources said. They said the power outage that lasted about a minute at the factory in Hwaseong, about 60 kilometers southwest of Seoul, brought production of DRAM and NAND flash chips to a stop. [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korean shipbuilders, led by top player Hyundai Heavy Industries Co., are expected to maintain their status as the world’s top position in new orders this year, although they may fail to meet their annual order targets, industry sources said Sunday. According to the sources, South Korean shipbuilders have [...]
SEOUL, Dec. 27 (Korea Bizwire) — SK hynix Inc., the world’s second-largest manufacturer of memory chips, hit a yearly high on South Korea’s main bourse on Friday as its improving business outlook attracted strong foreign buying, data showed. As of 10:46 a.m., shares of SK hynix soared to a 52-week high of 97,000 won (US$83), [...]