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AMD's Lisa Su to visit S. Korea next week, may meet with Samsung chief
Lisa Su, the head of Advanced Micro Devices Inc., is expected to visit South Korea next week and meet with local conglomerate executives, industry sources said Wednesday. The chief executive officer of the US chip giant may arrive in South Korea next Wednesday, in what would be her first trip to the country since taking the position in 2014, the sources said. During her visit, Su is expected to meet with Choi Soo-yeon, the CEO of the country's largest local portal operator, Naver. A meeting with
March 11, 2026 -
Mirae Asset Securities launches first global pension desk
Mirae Asset Securities said it will launch the industry’s first dedicated service center for global companies in Korea’s rapidly expanding retirement pension market. The new unit, called the Global Pension Desk or GPD, is designed to help multinational corporations navigate Korea’s complex pension regulations and align local operations with global standards. The desk will operate through a specialized network of certified tax accountants, actuaries, financial analysts and labor attorneys, provid
March 11, 2026 -
Hyundai Motor tops Volkswagen in profit for first time
South Korea’s Hyundai Motor Group recorded the world’s second-largest operating profit among global automakers last year, surpassing Germany’s Volkswagen Group for the first time, industry data showed Wednesday. The group — which includes Hyundai Motor, Kia and luxury brand Genesis — posted 20.5 trillion won ($13.95 billion) in operating profit in 2025. That placed it behind only Toyota Group, which topped the list with 4.3 trillion yen ($27.15 billion) in operating profit. Industry watchers sai
March 11, 2026 -
Musinsa Standard global sales jump 162% on overseas demand
Korean fashion platform Musinsa said Wednesday its casualwear brand Musinsa Standard is rapidly expanding its overseas customer base, driven by surging global sales. According to the company’s analysis of online and offline transactions last year, sales on Musinsa’s global platforms operating across 13 regions rose 162 percent in 2025 from a year earlier, highlighting strong international demand for the brand. Foreign customers also drove significant spending at the brand’s offline stores in Kor
March 11, 2026 -
Samsung Electronics to cancel W16tr in treasury shares
Samsung Electronics will cancel about 87 million treasury shares worth roughly 16 trillion won ($10.9 billion) in the first half of this year as part of its efforts to enhance shareholder value, according to its 2025 business report released Tuesday. The cancellation represents a large portion of the 105.43 million treasury shares the company held at the end of last year. Based on Tuesday’s closing price of about 190,000 won per share, the shares slated for retirement are valued at roughly 16 tr
March 11, 2026 -
Samsung Electronics average pay surges to record level
Samsung Electronics employees earned an average salary of 158 million won ($107,300) last year, the highest level on record, according to the company’s 2025 business report released Tuesday. The average compensation per employee in 2025 rose 21.5 percent from 130 million won a year earlier, the filing showed. The report also detailed Samsung’s performance stock unit program, introduced in October to strengthen employees’ accountability for long-term business performance. Under the plan, the comp
March 11, 2026 -
Samsung Electronics spends record W37.7tr on R&D
Samsung Electronics spent a record 37.7 trillion won ($25.7 billion) on research and development last year despite heightened global economic uncertainty, according to its 2025 business report Tuesday. The figure is a 7.8 percent increase from 35 trillion won a year earlier, equivalent to more than 100 billion won spent each day on technology development. Industry observers say a significant portion of the investment likely went toward next-generation memory technologies, particularly high-bandw
March 11, 2026 -
Medicube to sponsor Coachella in first for Korean beauty
Korean beauty company APR said Tuesday its flagship brand Medicube will participate as an official sponsor of the Coachella Valley Music and Arts Festival, aiming to strengthen its global presence and promote K-beauty to international audiences. Medicube will operate a brand booth at the festival, which runs in California from April 10 to 19. APR will sponsor the skincare and beauty device category, marking the first time a Korean beauty company has joined the globally renowned music festival in
March 11, 2026 -
Train service between Beijing, Pyongyang to resume this week for first time in 6 years
Train service linking Pyongyang and Beijing will resume this week for the first time since it was suspended six years ago due to the COVID-19 pandemic, sources said Tuesday. The Beijing-Pyongyang train route will resume operations Thursday, running four times a week, on Monday, Wednesday, Thursday and Saturday, an official at China State Railway Group told Yonhap News Agency. The train will depart from Beijing at 5:26 p.m. and arrive in Pyongyang at 6 p.m. the following day, stopping once at the
March 10, 2026 -
Samsung Biologics, Eli Lilly to establish biotech incubator in Incheon
Samsung Biologics, the biotech arm of Samsung Group, said Tuesday it has signed an agreement with US pharmaceutical giant Eli Lilly and Co. to set up a biotech incubator in the western city of Incheon. Under the partnership, the two companies will establish a new site for Eli Lilly's Lilly Gateway Labs in Songdo, an international business district in the port city, according to Samsung Biologics. The US company launched Lilly Gateway Labs in 2019 to support emerging biotech companies by offering
March 10, 2026 -
NCSoft to acquire 70% stake in German game developer JustPlay for W301.6b
NCSoft, a major South Korean gamemaker, said Tuesday it will acquire a 70 percent stake in Germany-based game developer JustPlay GmbH for 301.6 billion won ($204.8 million) as part of its push to expand its mobile casual game business. The deal is expected to close on April 30, after which NCSoft will hold the controlling stake in the German company, according to the company in a regulatory filing. Headquartered in Berlin, JustPlay operates a reward-based mobile gaming platform, along with its o
March 10, 2026 -
SK Inc. to retire record W4.8tr in treasury shares
SK Inc., the holding company of SK Group, said Tuesday it will retire about 4.8 trillion won ($3.27 billion) of treasury shares, marking the largest share retirement ever undertaken by a domestic holding firm. The board approved a plan to retire 14.69 million treasury shares out of the 17.98 million shares currently held by the company, excluding 3.29 million shares reserved for employee compensation. The retirement represents roughly 20 percent of SK Inc.’s outstanding shares and, based on curr
March 10, 2026 -
ISS backs Korea Zinc board nominees ahead of key vote
Global proxy adviser Institutional Shareholder Services threw its support behind the proposal by Korea Zinc's incumbent board to nominate five directors ahead of a general shareholders' meeting, as the company's standoff with major shareholder Young Poong and MBK Partners continues to escalate. The ISS recommendation arrives roughly two weeks ahead of the March 24 annual shareholders' meeting, at which investors in the world's largest zinc smelter will vote on competing board nominations put for
March 10, 2026 -
Korea Zinc to showcase strategic minerals at InterBattery
Korea Zinc said Tuesday it will highlight its role in strengthening Korea’s resource security by producing strategic minerals essential for advanced industries — including batteries, semiconductors and defense — at InterBattery 2026. Having participated in the exhibition for five consecutive years since 2022, the company plans to showcase its 52 years of technological expertise as one of the world’s leading non-ferrous metals smelters, presenting a broad portfolio spanning battery materials and
March 10, 2026 -
Hyundai Mobis expands Mercedes-Benz partnership with Hungary facility
Hyundai Mobis said Tuesday its newly operational plant in Hungary will supply chassis modules to Mercedes-Benz, expanding their partnership beyond North America. Located in Kecskemet in central Hungary, the facility is Hyundai Mobis’ first European production base dedicated to global customers outside Hyundai Motor Group. It is the company’s fourth manufacturing site in the region after plants in the Czech Republic, Slovakia and Turkey. The Hungary plant will mass-produce chassis modules for ele
March 10, 2026