KB News DeskSeoul stocks close over 3 pct lower amid Samsung's shareholder return plan
Seoul stocks closed sharply lower Monday as disappointment over Samsung Electronics’ shareholder return plan triggered a sell-off in semiconductors. The Korean won rose against the US dollar. The benchmark Korea…
Ferrari’s first EV Luce makes Korea debut with Samsung OLED cockpit
Italian carmaker Ferrari unveiled its first electric sports car, the Ferrari Luce, in South Korea on Monday, highlighting the model’s high-performance electric powertrain and advanced display technology developed in collaboration…
Samsung, SK hynix gain pricing power as Nvidia AI server prices rise
Korean memory makers stand to benefit as higher costs reach data center buyers Samsung Electronics and SK hynix are gaining further bargaining power in the AI supply chain as rising…
Why Samsung’s W110tr shareholder return disappointed investors
Shares plunge nearly 9% amid concerns over payout size, unclear timing and absence of share cancellations Samsung Electronics shares plunged during trading Monday as the company’s plan to allocate up…
Eximbank backs LS Cable’s US subsea plant with W300b
The Export-Import Bank of Korea will provide 300 billion won ($218 million) in financing for LS Cable & System’s subsea cable plant in the United States, stepping up support for…
EcoPro BM upgrades Hungary cathode plant for German EVs
EcoPro BM has begun upgrading its cathode production lines at its facility in Debrecen, Hungary, to produce high-nickel cathodes for a German luxury electric vehicle maker, signaling an aggressive push…
Brokerages cut Kakao targets as split raises valuation concerns
Kakao’s plan to split into two listed companies, Kakao AI and Kakao X has prompted a streak of target price cuts from brokerage houses, citing concerns over a potential holding…
Samsung moves heat pump boiler production to Korea
New Gwangju line to produce more than 100,000 units annually for domestic market Samsung Electronics said Monday it is moving production of its eco heating system heat pump boilers to…
Korea freezes fuel price caps for another four weeks
The South Korean government will keep fuel price ceilings unchanged for another four weeks as renewed tensions in the Middle East push global oil prices higher, the Industry Ministry said…
Samsung Electronics plans record W110tr shareholder return
Samsung Electronics said Friday it plans to return between 90 trillion won ($65.2 billion) and 110 trillion won to shareholders this year, marking the largest shareholder return ever undertaken by…
