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.

Mobility

Why Socar brought in Tesla: Seed for subscription business

Socar is rapidly expanding its subscription business by offering Tesla Model X and Model S vehicles equipped with supervised Full Self-Driving (FSD). The two models drew about 2,000 pre-bookings within 10 days despite prices of 1.49 million won a week and 3.99 million won a month. The service targets demand in the 1 to 3-week gap between short-term car sharing and monthly long-term rentals, using an auto-renewal structure and positioning FSD vehicles as a top-of-funnel offering.