Netflix and SK Broadband have resolved their dispute over network traffic costs.

Following a dispute over whether Netflix should pay for costs stemming from increased network traffic and maintenance work, South Korean internet service provider SK Broadband and Netflix have announced that they will cease all lawsuits with each other.

On Monday, SK Broadband and its p...

In the artificial intelligence (AI) market, Korean IT giants compete with global tech titans.

Naver, Kakao, LG, SK Telecom, KT, and other IT firms in South Korea are aggressively launching or planning to launch generative AI services to combat the growing influence of ChatGPT and other AI services introduced by global tech giants.

Local services can outperform those of ChatGPT p...

The Korean government wants to make the telecoms market there more competitive.

The three telecom companies in Korea, SK telecom, KT, and LG Uplus, have all been monopolies for more than 20 years. To change this system, the Korean government will lower the fee for giving a new operator a frequency allocation and give the new operator help, such as loans of up to 400 billion ...

The W3tr subsidiary in Sweden, EQT Partners, will be purchased by the SK security firm.

SK will maintain its position as the joint operation's second-largest shareholder and has dismissed the possibility of a significant command shift. According to reports from Monday, South Korean security company SK Shield us will be acquired by EQT Partners, a private equity fund managed by S...

As a result of the fire, users of the popular Korean website Kakao saw their stock price drop.

After a fire at a data center on Saturday cut off electricity and caused many service faults, Kakao, a major player in South Korea's internet industry, saw its stock price plunge on Monday. Korea's two major internet businesses, Kakao and Never, both have their servers housed at the SK C&...

Players in South Korea's electric vehicle battery market are aiming for the world's best.

Puddles of all sizes could be seen all over the ground around a massive steel structure that was thickly embedded with millions of steel beams because of the rain that had wetted most of the clay soil on the ground. Nonetheless, many of the 800 engineers and construction employees had shown up fo...

Due to sluggish demand, Samsung and SK hynix should expect a dismal fourth quarter, according to a study

A report released on Monday indicated that the prospects for the fourth quarter sales of South Korean semiconductor giants Samsung Electronics and SK hynix were bleak due to weak demand for memory chips.

According to a research by Daol Investment and Securities, the world's top make...

When TSMC is soaring, competitors like Samsung and SK hynix are at a turning point

Samsung Electronics and SK hynix are facing a bleak outlook in terms of their bread-and-butter memory chip businesses as soaring global inflation, the won's fall against the dollar and the ongoing Russia-Ukraine war have dampened demand for IT products using those chips, according to industry...

SOUTH KOREA EXPANDS ITS COVID-19 VACCINATION DRIVE

Highlights:

• Novavax has signed a memorandum of understanding (MoU) with the Ministry of Health and Welfare of Korea (MOHW) and SK biosciences.
• The MoU signed will cooperate in the development and manufacturing of COVID-19 vaccines.
• Novavax ...

S. KOREA SK TELECOM TO CANCEL 8.69 MILLION TREASURY SHARES

Highlights –

• S. Korea SK Telecom to cancel 8.69 million treasury shares.
• The company plans to cancel the shares in a move to boost shareholder value.
• The cancellation reduces its total issued stocks from 80.75 million to 72.06 million...

SK INNOVATION SEES NET LOSS OF $325.3 MILLION IN Q1 2021

Highlights –

• SK Innovation sees net loss of $325.3 million in Q1 2021.
• The company’s operating profit was recorded 502.6 billion won.
• The company’s sales fell 16.4 percent on-year to 9.2 trillion won.
• On the Seo...

S. KOREAN STOCKS END LOW ON THURDAY’S SESSION OVER INFLATION FEARS

Highlights –

• S. Korea stocks end low on Thursday’s session over inflation fears.
• The benchmark Korea Composite Stock Price Index (KOSPI) fell 39.55 points.
• Samsung Electronics stocks shed 1.88 percent to 78,500 won.
• S...

SKIET RATHER MADE A DISAPPOINTING DEBUT IN STOCK MARKET

Highlights –

• SKEIT rather made a disappointing debut in stock market.
• SKIET stocks closed at 154,500 won, down 26.43 %from its opening price of 210,000 won.
• The company's market capitalization came at 11 trillion won after shares ...

S. KOREAN STOCKS END LOW OVER STOCK SELL-OFFS ON TUESDAY

Highlights –

• S. Korean stocks end low over stock sell-offs on Tuesday.
• The benchmark Korea Composite Stock Price Index (KOSPI) fell 39.87 points.
• Samsung Electronics stocks shed 2.4 percent to 81,200 won.
• SK Hynix stocks tu...

S. KOREAN STOCKS END HIGH OVER EXPECTED U.S JOBS DATA

Highlights –

• S. Korean stocks end high over expected U.S jobs data.
• The benchmark KOSPI went up 52.1 points, or 1.63%.
• Samsung Electronics stocks advanced 1.59% to 83,200 won.
• SK hynix stocks moved up 0.39% to 130,000 won.<...

S. KOREAN STOCKS END MODERATELY HIGH ON TUESDAY OVER SHORT SELLING

Highlights –

• S. Korean stocks end moderately high on Tuesday over short selling.
• The benchmark Korea Composite Stock Price Index (KOSPI) rose 20.17 points, or 0.64%.
• Samsung Electronics stocks added 1.1 percent to 82,600 won.
<...

S. KOREA STOCKS END LOW OVER POSSIBLE RISING COVID-19 CASES

Highlights –

• S. Korea stocks end low over possible rising COVID-19 cases.
• The benchmark Korea Composite Stock Price Index (KOSPI) fell 20.66 points.
• Samsung Electronics stocks added 0.25 percent to 81,700 won.
• SK hynix stoc...

S. KOREA SAW AN INCREASE IN 5G USERS BY 14 MILLION IN APRIL

Highlights –

• S. Korea saw an increase in 5G users by 14 million in April.
• SK Telecom Co. reported the most 5G subscribers at 6.74 million in April.
• 4G subscriptions declined to stand at 51.18 million in April.
• Some unsatisf...

S. KOREAN STOCKS END LOW OVER LIFTING OF BAN ON SHORT SELLING

Highlights –

• S. Korean stocks end low over lifting of ban on short selling.
• The benchmark Korea Composite Stock Price Index (KOSPI) fell 26.21 points, or 0.83 percent.
• Samsung Electronics stocks fell 0.24 percent to 81,500 won.
...

SK INNOVATION’S SUBSIDIARY SKIET RECEIVED $73.1 BILLION AS IPO

Highlights –

• SK Innovation’s subsidiary SKIET received $73.1 billion as IPO.
• SKIET has set the IPO price at US$94.60 per share.
• SKIET supplies battery separators to major EV makers, including Tesla and Volkswagen.
• It ...