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Industry
SK Hynix to overhaul long-term supply contracts to prioritise volumes over price
SK Hynix is reviewing a new structure for long-term supply agreements, saying customers increasingly view securing volumes as a key risk. The company reported record quarterly revenue and operating profit for the first quarter of 2026 and said shortages of HBM, server DRAM and enterprise SSDs may persist, extending a price upcycle. It will bring forward the start of its Yongin cluster Phase 1 fab and accelerate NAND transitions and next-generation product rollouts.
Industry
LG Display Q1 operating profit up 338 percent to 146.7 billion won
LG Display said it posted first-quarter sales of 5.53 trillion won and an operating profit of 146.7 billion won, up 338 percent from a year earlier. It said the result was its biggest first-quarter profit since 2021, driven by a shift to an OLED-centred portfolio. It logged a third straight profitable quarter and said OLED made up 60 percent of sales. EBITDA was 1.14 trillion won, with a margin of 20.6 percent.
Industry
Samsung Electronics posts 57.2 trillion won earnings surprise, beating estimates on semiconductor boom
Samsung Electronics posted preliminary first-quarter operating profit of 57.2 trillion won on revenue of 133 trillion won, far above securities firm estimates. The result was driven by surging memory prices and strong memory exports, with DRAM and NAND cited as key contributors. Analysts expect weaker performance in non-semiconductor units, including MX and displays, while the foundry business is still estimated to be loss-making.
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Finance
Jeju Bank unveils \'DJ Bank\'; Shinhan chair says ERP banking can help surpass regional bank limits
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People
Wavve appoints Lee Yang-gi as new CEO
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Crypto
Bithumb confirms Lee Jae-won second term as CEO; IPO after 2028, dividends for board discussion
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AI & Enterprise
MegazoneCloud to co-develop physical AI business models with Japan\'s AVITA
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Industry
Toyota CEO says company cannot survive without change as auto industry anxiety rises
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Industry
Why SK Hynix is seeking a U.S. listing: \"We need to raise 100 trillion won to have a next step\"
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Games & Commerce
Kakao Games holds meeting after change in largest shareholder; Han Sang-woo says current setup stays, new titles top priority
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Industry
Samsung SDI, L&F sign supply deal for China-free LFP cathode materials for U.S. ESS market
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Telecommunications & Media
LG Uplus holds 30th annual general meeting, approves six agenda items
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Games & Commerce
Rogers dawn-delivery stint puts focus on Coupang results improvement, user rebound
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Games & Commerce
Naver shareholders\' meeting turns into complaints over share price
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Telecommunications & Media
South Korea\'s three mobile carriers kick off annual shareholder meetings season
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Games & Commerce
Krafton CEO Kim Chang-han tops Korean games industry pay rankings
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Industry
Lotte Chilsung Beverage brings Lim Jun-beom back to board at shareholders meeting, focuses on finance and strategy
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Games & Commerce
NCSoft targets 5 trillion won revenue by 2030 with predictable growth model