SEOUL, June 3 (Korea Bizwire) – Hyundai Motor, a bellwether for Korea’s economy along with Samsung Electronics, saw its stock price collapse more than 10 percent to its lowest level in 57 months on June 2. Shares of the company, the fifth largest automaker in the world, tumbled 10.36 percent to 138,500 won (US$125.3), their [...]
SEOUL, June 2 (Korea Bizwire) – The new SK Corporation, which will be launched in August after a merger between SK Corporation and SK C&C, aims to achieve 200 trillion won in sales and 10 trillion won in pre-tax profits by 2020. SK Corporation, SK Group’s holding company, and SK C&C, the group’s IT arm, [...]
SEOUL, May 28 (Korea Bizwire) – Affected by the low yen, Hyundai Motor, the largest automaker in Korea, lost its No. 2 position in the KOSPI market in terms of market capitalization to SK Hynix. On May 27, shares of the top automaker fell 1.88 percent to 157,000 won from a day earlier, shrinking its market [...]
SEOUL, May 26 (Korea Bizwire) — South Korean chip giants Samsung Electronics and SK hynix grabbed a record 75 percent share of the global mobile dynamic random access memory (DRAM) market in the first quarter on Samsung’s stellar performance, data showed Tuesday. Samsung, the world’s top maker of mobile DRAMs, took up 52.1 percent of the global market [...]
SEOUL, May 22 (Korea Bizwire) – Samsung Electronics, South Korea’s top chipmaker, narrowed its gap with No. 1 global player Intel in chip sales in the first quarter of the year, data showed Friday. Samsung’s chip sales increased 6 percent on-year in the January-March period to US$9.33 billion, the data compiled by industry tracker IC Insights [...]
SEOUL, May 12 (Korea Bizwire) — South Korea’s presence in the global market for dynamic random access memory (DRAM) hit a record high in the first quarter of 2015, data showed Tuesday, helped by Samsung Electronics Co.’s efforts to push ahead with its latest 20-nanometer products. The combined market share of Samsung Electronics and its [...]
CHEONGJU, May 7 (Korea Bizwire) — The city of Cheongju has seen its local corporate income taxes double due to SK Hynix‘s record sales last year. According to a May 6 statement from city officials, a record-high 88.8 billion won (US$ 82.1 million) in local corporate income taxes was collected, far beyond the city’s estimate of [...]
SEOUL, April 22 (Korea Bizwire) — South Korean chipmaker SK hynix saw its global ranking move up a notch to become the world’s fourth-largest player in the segment in 2014, data showed Wednesday. SK hynix saw its revenue reach US$16.1 billion last year, outpacing Micron Technology by $3 million, the data compiled by IHS Technology showed, narrowing [...]
SEOUL, April 9 (Korea Bizwire) — South Korea’s presence in the global market for dynamic random access memory (DRAM) hit a record high last year, data showed Thursday, as Samsung Electronics continued to secure its seat on the throne on the back of its latest 20-nanometer products. Asia’s fourth-largest economy took up 67.7 percent of the [...]
“It’s possible from the early second half that SK hynix will start mass production of lower 20-nanometer class dynamic random access memory (DRAM). We’ll spare no efforts to achieve our vision of becoming the world’s best memory chip solution company.” – Park Sung-wook, the chief executive officer of SK hynix SEOUL, March 20 (Korea Bizwire) – [...]