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Industry

Lotte Energy Materials to invest 50 billion won to expand Iksan circuit foil capacity for AI demand

Lotte Energy Materials will invest about 50 billion won to expand circuit foil production capacity for AI data centres. The investment will target facility expansion at its Iksan plant in North Jeolla Province, the only circuit foil production base in South Korea. The company aims to raise annual maximum circuit foil capacity to 16,000 tons by 2027. It said the move is a pre-emptive investment aimed at both earnings recovery and market expansion.

Industry

Samsung SDI posts Q1 revenue of 3.58 trillion won; operating loss narrows to 155.6 billion won

Samsung SDI said on April 28 it posted first-quarter revenue of 3.58 trillion won and an operating loss of 155.6 billion won. Revenue rose 12.6 percent from a year earlier, while the operating loss narrowed 64.2 percent. Net profit came to 56.1 billion won, returning to the black. Battery business revenue rose on recovering demand, while electronic materials improved on steady semiconductor sales and higher display materials sales.

AI & Enterprise

Telecoms\' Q1 results diverge after hacking incidents; SKT and KT profitability slows

A series of hacking incidents last year is expected to affect South Korea\'s three mobile carriers in the first quarter. SK Telecom and KT are seen posting weaker results as compensation payments and marketing costs weigh on profitability. LG Uplus is forecast to be the only one to report gains in both sales and operating profit, helped by subscriber inflows and growth in new businesses. Analysts also see scope for a recovery in the second half.