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Industry

SK hynix, climate ministry step up public-private water positive cooperation

SK hynix will start a water positive project to restore the aquatic ecosystem of the Namdaecheon river in Yangyang, Gangwon Province. The company signed an MOU with the Ministry of Climate, Energy and Environment, Gangwon Special Self-Governing Province, Yangyang County, Korea Water Resources Corp and Korea Environment Corp for an ageing weir improvement project. The initiative will run from 2026 to 2037 and aims to secure river flow and restore fish habitats.

Industry

Chaevi targets operating profit in 2027, outlines growth strategy ahead of Kosdaq listing

South Korean electric-vehicle fast-charging infrastructure operator Chaevi set a target to turn EBITDA profitable in the fourth quarter of 2026 and to achieve an operating profit in 2027. CEO Choi Young-hoon (최영훈) outlined the company’s core strengths and growth strategy ahead of a planned Kosdaq listing. Chaevi said higher utilisation and a shortage of new fast chargers could bring forward profitability. It also detailed overseas expansion and IPO terms, including a 10 million-share offering.

AI & Enterprise

Baek Kyung-hoon says power supply is key to special law for AI data centres

Baek Kyung-hoon (배경훈), deputy prime minister and science minister, said power supply is the core issue in a special law for AI data centres and that the provision cannot be compromised. He said he will work for the bill to pass in its original form. The bill includes streamlined permits, relaxed siting rules and support to secure power and water, but ministries remain divided over a power purchase agreement exemption.