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Industry
240 trillion won to flow into Chungcheong as Samsung and SK roll out investment plans
Samsung Electronics and SK Hynix on Wednesday announced large investment plans for South Korea’s Chungcheong region, totalling 240 trillion won. Samsung said it will invest about 140 trillion won in areas including advanced displays, high-bandwidth memory fabs, next-generation batteries and AI server package substrates, aiming to create 250,000 jobs. SK Hynix said it will invest 100 trillion won in Cheongju, citing a need to expand NAND supply and strengthen advanced packaging.
Industry
Samsung Electronics to reshape future industry portfolio with region-specific clusters
Samsung plans to reorganise its future industry portfolio into four regional clusters, centred on a Seoul metropolitan semiconductor hub and additional bases in Honam, Chungcheong and Yeongnam. The company said it will invest a total of 2,655 trillion won domestically to foster cutting-edge future industries. Spending includes 2,030 trillion won for the capital region’s chip cluster and 625 trillion won for AI semiconductors, robots, batteries and IT components and materials in other regions.
Industry
Samsung signs shared-growth deal with suppliers to extend support across supply chain
Samsung Group has expanded its support system for partner companies across its supply chain. Eleven affiliates including Samsung Electronics signed an agreement on June 29 at Samsung Electronics\' Suwon campus with first- to third-tier partner companies to build a shared-growth ecosystem. About 6,700 partner companies in Samsung\'s supply chain are expected to benefit. The deal covers funding, technology and staffing, and includes support for second- and third-tier suppliers and an industrial accident fund plan.
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Industry
Data centre power architecture shifts as BBU batteries emerge as new battleground
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Industry
ESS oversupply takes hold as output by South Korea\'s three battery makers this year more than doubles demand
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Industry
Bright Energy Partners says solar, BESS holdings surpass 1.3 GW
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Industry
Ecopro Innovation signs 4-year lithium hydroxide supply deal with global automaker
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Industry
Swappable vs integrated: Humanoid battery standards race intensifies
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Industry
K battery makers see end of chasm tunnel, profitability within reach in Q2
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Finance
KOSPI breaks 6,600 intraday for first time, South Korean market cap tops 6,000 trillion won
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Industry
Samsung SDI, Mercedes-Benz sign multi-year deal for high-nickel batteries
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Finance
Bitcoin bottom may still lie ahead as Anthropic launches Claude Opus 4.7
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Finance
Samsung group stocks surge beyond Samsung Electronics
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Industry
Korea\'s three battery makers set for first-quarter losses
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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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People
Ecopro Materials appoints Lee Kyu-bong as new CEO
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Industry
Samsung SDI wins 1.5 trillion won ESS battery order in United States
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Industry
K-battery searches for turnaround card at InterBattery 2026