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News
Hyundai Mobis Posts 12% Increase in Second-Quarter Operating Profit
3+ hour, 22+ min ago (238+ words) Hyundai Mobis grew its second-quarter operating profit by double digits this year, helped by expanded supply of high-value automotive electronics components. Its electrification business also swung to profit on expanded sales of higher-margin products. The company said on July 25 that…...
Samsung, SK Group Announce $950 Billion AI Partnerships With US Tech Companies
3+ hour, 21+ min ago (220+ words) Samsung Electronics, SK Group and other South Korean companies have announced cooperation projects worth a combined $950 billion with major US technology companies, spanning semiconductors, AI infrastructure and robotics. Kim Yong-beom, chief presidential secretary for policy, announced the agreements on July…...
Jensen Huang Says Nvidia to Announce $500 Billion Partnership With SK Group
3+ hour, 21+ min ago (256+ words) Nvidia Chief Executive Officer Jensen Huang signaled a $500 billion partnership with SK Group. Huang met with President Lee Jae Myung at a hotel in San Francisco on July 24 local time and said, "We plan to announce a business partnership with…...
FADU, Prosecutors Clash Over Cause of Revenue Collapse in Second Trial
3+ hour, 22+ min ago (755+ words) Was the sharp drop in FADU's revenue caused by external factors or internal ones? Following the first trial, prosecutors again stressed at the second trial that FADU deceived the market by failing to disclose the deterioration in its results caused…...
Solus Advanced Materials Narrows Second-Quarter Operating Loss 34% From Previous Quarter
3+ hour, 22+ min ago (272+ words) Solus Advanced Materials narrowed its second-quarter operating loss by 34% from the previous quarter. Battery copper foil revenue rose sharply, helped by expanded supply to existing customers and the acquisition of new customers. The company said on July 24 that it posted…...
Hanwha Ocean Signs Joint Design Agreement for US Strategic Sealift Vessel
1+ day, 20+ hour ago (313+ words) Hanwha Ocean has signed a joint design agreement with a US naval architecture firm to develop the Fast Sealift vessel, expanding its collaboration with the US shipbuilding industry beyond ship construction to design, workforce development and supply chain initiatives. The…...
POSCO Future M to Mass Produce Hard Carbon Anode Material for Sodium-Ion Batteries From 2028
1+ day, 20+ hour ago (246+ words) POSCO Future M will begin mass producing hard carbon anode material, a core material for sodium-ion batteries, in 2028. It is the second company in South Korea, after Aekyung Chemical, to disclose plans for both the development and mass production of…...
Court Orders SK Chairman Chey Tae-won to Pay 944 Billion Won in Property Division
1+ day, 20+ hour ago (416+ words) The Seoul High Court's Family Division 1, presided over by Judge Lee Sang-joo, ruled on July 24 that Chey must pay Roh 944 billion won in property division, along with annual default interest of 5% from the date the judgment becomes final until payment…...
TRUMPF Korea: "Strong Demand for HBM and Automation to Drive Double-Digit Revenue Growth"
1+ day, 20+ hour ago (1528+ words) TRUMPF Korea has expressed strong confidence in achieving double-digit revenue growth for its 2026–2027 fiscal year, which began in July. The company expects to benefit from growth in the semiconductor sector, rising demand for machine tool automation, and the resumption of…...
Indonesia Nickel Investment Gains Momentum Despite Global Oversupply
2+ day, 16+ hour ago (751+ words) thelec.net Investment in Indonesia’s nickel industry continues to accelerate despite a global oversupply of the battery material, as concerns over mineral security increasingly outweigh worries about excess supply. Companies including EcoPro BM are expanding investments to strengthen their access…...