Keywords: SK Hynix


South Korean stocks suffer biggest losses since August amid energy supply concerns

South Korean stocks fell sharply on Monday, reaching their lowest levels since August 11, as investors grew increasingly concerned about the potential impact of renewed tensions in the Middle East on global energy supplies. The sell-off followed the reopening of financial markets after an extended weekend......

South Korea’s Lee calls for Gwangju airbase relocation by 2028 to speed up chip hub

South Korean President Lee Jae Myung has called for the relocation of a military airbase in Gwangju by mid-2028, seeking to accelerate the development of a major semiconductor manufacturing cluster in the southwestern city. Speaking Monday, Lee instructed the Defence Ministry to advance the relocation......

SK Hynix approves $38 billion chip investment to expand South Korea manufacturing

SK Hynix has approved a multi-year investment programme worth approximately $38.3 billion, reinforcing its long-term strategy to expand semiconductor manufacturing capacity and strengthen South Korea's position in the global memory chip industry. The decision marks one of the company's most......

Eight South Korean students detained after attempting to enter US military base

Eight South Korean university students have been detained after allegedly attempting to enter Osan Air Base, a major United States military installation south of Seoul, during a protest linked to concerns over the country’s semiconductor industry and artificial intelligence strategy. According......

Seoul stock market surges 16% as tech giants rebound after AI profitability fears

South Korea's stock market posted a sharp rebound on Friday, with the benchmark Kospi index soaring more than 16% after a turbulent week dominated by investor concerns over the future profitability of artificial intelligence investments. The dramatic recovery reflects renewed confidence in the country's......

SK Hynix posts record quarterly profit as AI-driven chip demand accelerates

South Korean semiconductor manufacturer SK Hynix reported record financial results for the second quarter, driven by surging global demand for advanced memory chips used in artificial intelligence applications. The company announced a net profit of 93 trillion won (approximately €56.2 billion)......

South Korean officials apologize over leveraged single-stock ETFs amid market turmoil

South Korea's top economic policymakers have publicly apologized for the introduction of single-stock leveraged exchange-traded funds (ETFs) after the products came under scrutiny for their potential role in amplifying volatility during the country's recent stock market downturn. Speaking during......

US and South Korean tech giants forge a $950 billion artificial intelligence alliance

Major technology companies from the United States and South Korea have agreed to pursue a series of strategic partnerships and projects with a combined value estimated at $950 billion, highlighting the growing importance of artificial intelligence and advanced semiconductor technology. The cooperation......

South Korea court orders SK Group chairman to pay €566 million in landmark divorce ruling

The long-running legal dispute involving SK Group Chairman Chey Tae-won reached a new milestone after a South Korean court ordered him to pay 944 billion won (approximately €566 million) to his former wife, Roh Soh-yeong, in one of the country's largest divorce settlements. The decision, delivered......