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Fair Trade Commission Orders Kumho Tire to Rectify Unfair Demands for Sales Data from Dealerships
Kumho Tire Co. has been ordered by South Korea's Fair Trade Commission to rectify unfair practices after requiring dealerships to submit sensitive sales data and excessive collateral, violating the Agency Business Act.
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Lotte Chemical and HD Hyundai Chemical Agree to Consolidate NCC Facilities—Apply for Government Approval Review
Lotte Chemical and HD Hyundai Chemical have agreed to merge their NCC facilities, initiating South Korea’s first voluntary petrochemical restructuring; the companies have applied for government approval to advance industry competitiveness.
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Lotte and HD Hyundai to Integrate NCC Facilities in Daesan—First Major Petrochemical Restructuring Project
Lotte Chemical and HD Hyundai affiliates will integrate NCC facilities at Daesan, marking South Korea’s first major petrochemical restructuring project, with government-backed incentives and a focus on high value-added products.
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Applied Materials Unveils Hybrid Bonding System for Next-Generation HBM
Applied Materials unveiled a hybrid bonding system that streamlines next-generation HBM chip stacking, reducing process time from 13 hours to 1 hour and boosting efficiency for advanced semiconductor manufacturing.
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HDC Group Overhauls Leadership with Major Executive Reshuffle
HDC Group has implemented a sweeping executive reshuffle, appointing younger and tech-focused leaders to key subsidiaries as it prepares for its 50th anniversary, aiming to drive sustainable growth and accelerate new business initiatives in AI, energy, and logistics.
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Retail Sales Rise 6.7% in October—Extended Holidays Boost Hypermarkets and Department Stores
South Korea's major retailers posted a 6.7% year-on-year sales increase in October, fueled by extended holidays and strong demand at hypermarkets and department stores, while online channels continued steady growth.
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Industry Minister Says No Extension for Petrochemical Business Restructuring Deadline—Support Will Be Withdrawn
South Korea’s industry minister reaffirmed there will be no extension to the year-end deadline for petrochemical firms’ restructuring plans, warning that companies missing it will lose government support and must weather future crises independently.
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LS to Invest KRW 150 Billion in LS Cable & System Rights Offering for US Plant Construction
LS Corp. will invest KRW 150 billion in LS Cable & System’s rights offering to fund a new US submarine cable plant, boosting its stake and supporting a $3 billion US infrastructure push.
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[High Exchange Rate Shock] Hyundai Motor Faces Complex Calculations Ahead of Major US Investment
Hyundai Motor Group faces rising costs for its $26 billion US investment as the surging won-dollar exchange rate complicates financial planning, though currency gains may offset some US tariff impacts.
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[High Exchange Rate Shock] Steel and Petrochemicals Seek Stability Amid Business Overhaul
South Korea’s steel and petrochemical industries face mounting pressure from a weak won, rising dollar costs, and China’s supply glut, as they pursue high value-added investments and urge exchange rate stability to protect margins and fund restructuring.
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Coupang Worker in His 50s Dies After Collapsing at Gwangju Logistics Center—Police Investigate
A Coupang logistics center worker in his 50s died after collapsing during an overnight shift in Gwangju, Gyeonggi Province, prompting a police investigation into the cause of death.
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SK Hynix Launches Novel Marketing Campaign with Edible 'HBM Chips'
SK Hynix has launched 'Honey Banana Flavor HBM Chips' in partnership with 7-Eleven, using a snack product to promote its advanced memory technology to the public and planning further brand engagement through a new HBM character.
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[High Exchange Rate Shock] Pharmaceutical and Biotech Firms Caught Between Rising Costs and FX Gains
South Korea’s pharmaceutical and biotech sector faces rising costs from a strong dollar, but major exporters like Samsung Biologics and Celltrion are set to benefit from FX gains, widening the performance gap within the industry.
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[High Exchange Rate Shock] Food Companies Face Mounting Pressure, but Export and Overseas Sales Drive Diverging Fortunes
South Korean food companies face mounting cost pressures from a strong dollar, but exporters like Samyang Foods and Orion are offsetting losses with overseas sales as the won weakens near 1,500 per dollar.
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SKT and Samsung Electronics to Jointly Develop 6G AI-RAN Technology
SK Telecom and Samsung Electronics have signed an MOU to jointly develop AI-powered 6G radio access network technology, aiming to strengthen next-generation network competitiveness and accelerate 6G commercialization.
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[High Exchange Rate Shock] Airline Industry in Turmoil—Even Market Leader Faces Hundreds of Billions in Losses
The sharp rise in the dollar-won exchange rate is inflicting heavy losses on South Korea's airline industry, with Korean Air and low-cost carriers facing mounting valuation and operating cost pressures.
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[High Exchange Rate Shock] Construction Firms Face Unavoidable Cost Pressures—But Overseas Projects Offer Upside
South Korea’s construction sector faces rising cost pressures as the won weakens, but firms with high overseas exposure may benefit from increased dollar-denominated profits.
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[High Exchange Rate Shock] Relief for Korean Battery Makers as US Investment Peaks Pass
South Korea’s top battery makers, including LG Energy Solution, SK On, and Samsung SDI, have eased financial pressure from a surging USD/KRW rate by completing the peak of their US investments, while a stronger dollar is now boosting their overseas-driven revenues and profitability.
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[High Exchange Rate Shock] Even 'Export Powerhouse' Semiconductors Face Rising US Investment Burden
South Korea’s semiconductor giants face rising US investment costs as the strong dollar offsets export gains, with firms hedging currency risks amid surging exchange rates.
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South Korean Government Targets Commercialization of Driverless Autonomous Vehicles by 2027
South Korea will establish entire cities as autonomous driving testbeds from 2025, aiming to commercialize fully driverless vehicles by 2027, with regulatory reforms and industry support to accelerate adoption and clarify accident liability.