SEOUL, Jun. 5 (Korea Bizwire) — Last year, semiconductors accounted for 17.4 percent of all exports from South Korea. With aggregate semiconductor exports totaling $92.7 billion, 39.5 percent ended up in China, and 27.2 percent in Hong Kong. In short, the value of Korean semiconductors exported to China accounted for 11.6 percent of all South [...]
ICHEON, May 8 (Korea Bizwire) — SK hynix revealed yesterday that the company had paid 190 billion won in local corporate taxes this year to the government of Icheon in Gyeonggi Province, home to its headquarters and factory. This is a more than fivefold increase from 35.2 billion won in taxes paid last year. Local [...]
SEOUL, Apr. 24 (Korea Bizwire) — SK hynix Inc. said Tuesday its first-quarter net profit advanced 64.4 percent on-year to post its second-highest quarterly report ever, helped by the continued industrywide boom around the globe. Net profit came to 3.1 trillion won (US$2.89 billion), rising 64.4 percent from 1.89 trillion won posted a year earlier, [...]
SEOUL, March 28 (Korea Bizwire) – South Korea’s No. 2 chipmaker SK hynix said Wednesday it plans to maintain its lead in the Chinese market by focusing on quality products, amid concerns that Beijing may reduce imports of South Korean chips by buying more from the United States. “The Chinese market calls for products with [...]
SEOUL, Mar. 26 (Korea Bizwire) — South Korean chipmaker SK hynix Inc. has emerged as a key affiliate of SK Group by making up nearly half of the conglomerates’ market capitalization, industry watchers said Monday. SK hynix, purchased by SK Group exactly six years ago, when the company posted a net loss of 159 billion [...]
SEOUL, Mar. 12 (Korea Bizwire) — The global semiconductor market is expected to grow at a faster-than-expected click this year thanks to rising demand for DRAMs and other chips, industry sources said Monday. With concerns over an oversupply in the second half of this year waning, more market trackers have revised up their growth projections [...]
SEOUL, Feb. 13 (Korea Bizwire) — Major South Korean tech companies will keep their assembly lines up and running during this week’s Lunar New Year holiday due to rising demand at home and abroad, industry sources said Tuesday. Samsung Electronics, the world’s largest maker of chips said it plans to maintain normal operations at its [...]
SEOUL, Jan. 25 (Korea Bizwire) — SK hynix Inc., a major South Korean chipmaker, said Thursday its net profit jumped 97.7 percent to reach an all-time high in the fourth quarter from a year earlier largely due to strong chip prices on continued favorable market conditions. Net profit came to 3.22 trillion won (US$3 billion) [...]
SEOUL, Jan. 19 (Korea Bizwire) – Employees of South Korea’s two major semiconductor manufacturers are set to receive big bonuses this month for their strong performance last year amid the global boom for chip industries, industry sources said Friday. Samsung Electronics Co. workers in the semiconductor sector will receive annual bonuses, called the Overall Performance Incentive, amounting to up to 50 percent of their annual salary, on Jan. 31, [...]
SEOUL, Dec. 20 (Korea Bizwire) — South Korea’s No. 2 chipmaker SK hynix Inc. plans to establish a joint venture in China to expand its foundry business, industry sources said Wednesday. According to the sources, who declined to be identified, SK hynix’s board of directors plans to discuss the establishment of a joint venture specializing [...]