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Hyundai Motor Suffers Double Whammy of Weak Earnings, Labor Dispute

Hyundai Motor Suffers Double Whammy of Weak Earnings, Labor Dispute

SEOUL, Aug. 14 (Korea Bizwire) – Hyundai Motor Co., South Korea’s top automaker, is facing a double whammy of sluggish earnings and a looming labor dispute, which have been sending its stocks lower for couple of weeks, watchers said Saturday. Hyundai Motor closed 2.07 percent lower at 142,000 won (US$123) on the Seoul bourse on Friday, a sharp fall from its 52-week high of 173,000 won on May 23. Hyundai, [...]

Price for DRAM Chips on Rise, Casting Rosy Outlook for Samsung, SK

Price for DRAM Chips on Rise, Casting Rosy Outlook for Samsung, SK

SEOUL, Aug. 3 (Korea Bizwire) — The global price for dynamic random-access memory (DRAM) chips rose 5.2 percent on-month in July, data showed Thursday, casting brighter outlook over second-half earnings for South Korean chipmakers. According to the data compiled by industry tracker DRAMeXchange, the average contract price for the mainstay DDR4 4Gb 512Mx8 2133MHz came [...]

SK hynix Most Profitable among Listed Firms in Q2

SK hynix Most Profitable among Listed Firms in Q2

SEOUL, Aug. 2 (Korea Bizwire) — Chip giant SK hynix Inc. posted the highest operating margin among large-gap companies in the second quarter of the year on its strong semiconductor business, data showed Wednesday. The consolidated operating margin of SK hynix, the crown jewel of South Korea’s No. 3 conglomerate SK Group, came to 45.6 [...]

SK hynix to Invest 9.6 tln Won on DRAM, NAND Facilities

SK hynix to Invest 9.6 tln Won on DRAM, NAND Facilities

SEOUL, Jul. 26 (Korea Bizwire) — SK hyinx Inc. said Wednesday it plans to allocate some 9.6 trillion won (US$8.5 billion) this year to expand its production facilities for dynamic random-access memory (DRAM) and NAND chips. Through a regulatory filing, the South Korean chipmaker said it expanded the amount of investment originally estimated at 7 [...]

SK hynix’s Q2 Net Hits Record High on Strong Chip Sales

SK hynix’s Q2 Net Hits Record High on Strong Chip Sales

SEOUL, Jul. 25 (Korea Bizwire) — South Korea’s No. 2 chipmaker SK hynix Inc. said Tuesday its second-quarter net profit shot up nearly ninefold, apparently helped by a strong average sales price of dynamic random-access memory (DRAM) and NAND chips. The record-breaking net profit came to 2.46 trillion won (US$2.2 billion), soaring from 286 billion [...]

National Pension Fund Raises Holdings of Samsung, SK Hynix Stocks

National Pension Fund Raises Holdings of Samsung, SK Hynix Stocks

SEOUL, Jul. 19 (Korea Bizwire) — South Korea’s national pension fund has raised its holdings of stocks in Samsung Electronics Co. and SK hynix Inc. apparently to capitalize on the global semiconductor industry boom, market data showed Wednesday. The National Pension Fund held 85.4 trillion won (US$75.8 billion) worth of stocks in 100 companies in [...]

SK hynix Keeps Low Profile on Toshiba’s Contact with U.S., Taiwan Rivals

SK hynix Keeps Low Profile on Toshiba’s Contact with U.S., Taiwan Rivals

SEOUL, July 12 (Korea Bizwire) – SK hynix Inc., South Korea’s No. 2 tech giant, on Wednesday remained silent over reports that Japan-based Toshiba Corp. is contacting U.S. and Taiwanese firms as potential buyers of its memory division. Japanese media earlier reported Toshiba is holding talks with U.S. Western Digital and Taiwan-based Hon Hai Precision [...]

SK Hynix Keeps Low Profile Amid Toshiba Voting Rights Speculation

SK Hynix Keeps Low Profile Amid Toshiba Voting Rights Speculation

SEOUL, July 4 (Korea Bizwire) – South Korean chipmaker SK hynix Inc., which recently joined a global consortium to purchase Japan-based Toshiba Corp.’s memory business, on Tuesday declined to clarify whether the company can exercise voting rights in the newly purchased business. “The negotiations are still under progress, and details are open to change,” an [...]

Samsung Electronics, SK hynix Lead Latest Stock Market Boom

Samsung Electronics, SK hynix Lead Latest Stock Market Boom

SEOUL, June 29 (Korea Bizwire) – Electronics and semiconductors have led the latest stock market boom in Asia’s fourth-biggest economy, data showed Thursday, amid expectations of solid corporate earnings helped by the global economic recovery. Stock prices of Samsung Electronics, SK hynix, and other electronics and semiconductor manufacturers rose 37.32 percent as of Tuesday from the [...]