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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.

Industry

GM indefinitely halts next-generation electric pickup and SUV revamp

General Motors has indefinitely suspended its plan to revamp its lineup of large electric pickups and SUVs. The move clouds what comes after the current Chevrolet Silverado EV, GMC Sierra EV, Hummer EV and Cadillac Escalade IQ. GM has not disclosed any potential plans or timing for a next-generation battery-electric pickup and said it would not respond to speculation. The company has increased production of gasoline heavy-duty pickups.

Games & Commerce

77 percent of game workers fear AI job insecurity; only 37 percent expect tax credit benefits to reach workplaces

Three in four game industry workers in South Korea feel job insecurity from the adoption of AI, but only about one in four workplaces have formal labour-management talks on the issue, a survey showed. Expectations that tax credits under a proposed overhaul of the Game Industry Promotion Act would translate into better pay and conditions stood at 37 percent. Labour representatives urged the Democratic Party to create a standing tripartite consultative body.