Articles by Mia Park
Page 1 of 7
Kospi briefly falls below 6,000 as foreign selling this year tops 200 trillion won, despite IMF growth upgrade
The Kospi fell 5.46% and briefly dropped below 6,000 as foreign selling this year passed 200 trillion won. The IMF raised Korea's growth forecast to 3.3% the same day.
Yann LeCun calls AI takeover fears science fiction. He says physical AI will greatly affect Korea's shipyards and car makers.
Yann LeCun told reporters in Seoul that recent AI security incidents are fixable engineering problems, not a sign AI is out of control, and pointed to Korea's factories.
Korea reopens as Samsung and SK Hynix buybacks wind down after heavy foreign selling
Samsung's buyback is done and SK Hynix's is nearly done as Korea reopens Monday, with foreign funds selling and some investors moving to Taiwan.
Samsung (005930) chip worker says he and his wife expect at least $2.2 million in bonuses. He says he could quit within five years.
He and his wife both work in Samsung's memory chip business, and their home has gained 50 percent in value. Samsung will pay the special bonus in shares, after withholding 49.5 percent for tax.
Jusung Engineering (036930) is up 866% this year. A former dental implant chairman's family stake is now worth $940 million.
Jusung's order backlog tripled in a single quarter, and analysts expect profit to more than triple next year. The family bought in at 21,800 won a share in 2023.
CrowdStrike (CRWD) finds Claude Code and DeepSeek use in Korean bank attacks
The attacker left AI chat logs on servers anyone could browse. One session asked Claude for a résumé.
SK Hynix (SKHY) shares fall after lockup ends. Our ADR tracker shows a 36% premium to Seoul.
The US shares still trade well above the Seoul shares, and one Korean law limits who can sell.
Samsung (005930) flags $80 billion quarterly profit, a tech-industry first. That's almost nine times last year's.
Samsung Electronics estimated its third-quarter operating profit at 107.4 trillion won ($79.9B), putting Samsung on course to become the first Korean company to report more than 100 trillion won ($74.4B) in quarterly operating profit. Detailed results come October 29.
27 Samsung and SK Hynix veterans worked at China's CXMT. Public profiles show 26 have left.
Chinese headhunters offered up to double the pay and three to five years of job security. Many took a detour through other employers first.
Samsung sets stock bonus rules as union estimates $560,000 bonuses for some memory chip workers
Samsung will withhold 49.5 percent before paying in shares that can't all be sold at once. Workers outside the chip division are getting far less.
AMD (AMD) CEO Lisa Su outlines tens of billions in supply-chain investment as Samsung foundry talks continue
Su met SK Hynix's CEO in Seoul, with Samsung's chip chief next on her schedule. The foundry talks from March are still open.
South Korea's president warns of AI-assisted bank hacks. Shinhan faces a formal inspection after data on 25,700 customers leaked.
The regulator switched to a formal inspection and the police opened a case. The same attack addresses also turned up at the internet banks, and this time they held.
Korea's Hancom (030520) takes its AI platform to Wall Street after requests from about 10 US funds
The maker of Korea's best-known word processor wants US investors to see it as an AI company. Its first-half AI sales already topped last year's total.
Hackers stole data from seven Korean lenders. An AI tool's name surfaced on an attack server.
Korea's regulators called an emergency meeting with financial companies on a Sunday. At the banks, the attackers didn't go through the apps customers use.
Trump threatens to charge Korea more over Alaska LNG. Seoul says his $8.4 billion oil project isn't in the deal
He said he would double it if Seoul doesn't agree soon, without saying what he would double.
Seoul court freezes two delistings, challenging Korea's tougher market-value rules
Jooyontech and KM Pharmaceutical won temporary injunctions against the Korea Exchange. Other companies facing removal are already feeling the effect.
Samsung and SK Hynix (SKHY) are on track for record profits. Their $40 billion in buybacks end in October.
Samsung and SK Hynix are heading into record quarterly results. The buybacks that kept buying their shares are nearly done, and one broker expects Samsung to return far more cash.
Trump announces $120 billion in US nuclear reactors for Korea's fund. Seoul has agreed only to a Texas gas plant.
Trump said Korea's US fund will pay for eight nuclear reactors. Seoul still lists them for more talks and hasn't confirmed where any would be built.
Hanwha Aerospace starts assembling a rocket built to land itself. The engine comes from Kosdaq-listed Vitzro Nextech.
Hanwha Aerospace has started assembling a test rocket meant to take off and land on its own in 2028. The engine is being built by Vitzro Nextech, a small Kosdaq company that made parts for Korea's Nuri rocket.
Trump was set to pick first projects for Korea's $200 billion US fund, with $54 billion eyed for Alaska LNG
Trump named Alaska LNG and eight US nuclear reactors for Korea's $200 billion US investment fund, but Seoul has agreed only to a Texas gas plant. Any payment comes no sooner than 45 business days after Korea is notified.
Korea's Daum plans limits on ChatGPT and other AI crawlers. Naver already restricts them.
Daum is preparing rules on how ChatGPT and other AI services can collect its content, the Korea Economic Daily reported. Naver already prohibits several major AI crawlers, but one analyst questions whether rules like these will be enough.
Samsung Electro-Mechanics (009150) plans $5 billion substrate expansion
Samsung Electro-Mechanics will spend 6.78 trillion won ($4.98 billion) on new chip substrate lines in Korea and Vietnam. Korean reports name the customer paying the largest share in advance.
Korea's Pintel (291810) nears Kosdaq delisting after a 30% one-day drop
Pintel was ordered off the Kosdaq after its market value stayed below the exchange's 20 billion won minimum. The same court has since called that rule invalid for two other companies, but hasn't ruled on Pintel's challenge.
Korea's HLB (028300) wins FDA approval for bile duct cancer drug; liver cancer treatment remains unapproved
Korean drug company HLB won U.S. approval for its bile duct cancer drug, and the stock hit Korea's daily limit. Its liver cancer treatment remains unapproved.