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Kumyang Under Investigation for Drastically Downgrading Mongolian Mine Outlook

Kumyang Co., a Korean secondary battery material company, is facing a probe by Korea Exchange after drastically reducing its production performance outlook for a lithium mine being...

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Kakao Chairman Faces Indictment and Detention for Alleged Stock Price Manipulation

Kim Beom-soo, chairman of Kakao's Management Innovation Committee, has been indicted and detained on charges of manipulating SM Entertainment's stock prices. The indictment also in...

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Samsung and SK hynix Stocks Soar Amid Micron's Strong Earnings

Shares of South Korean semiconductor giants Samsung Electronics and SK hynix have surged significantly, thanks to the strong earnings reported by U.S. chipmaker Micron. This comes ...

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Hanwha Systems: Defense and Shipyard Consolidation to Drive Future Growth

Hanwha Systems is expected to see continued earnings growth led by its defense division and the consolidation of Philly Shipyard next year. The company recorded record-high earning...

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SK Telecom's AI Business Set to Generate Significant Revenue

SK Telecom's AI business is expected to generate significant revenue this year, with investments in SGH and Perplexity set to yield near-future sales. The company's 2Q24 earnings a...

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Jusung Engineering Sees Explosive Sales Growth in Q2, Signaling Market Recovery

Jusung Engineering reports a significant recovery in its financial performance for Q2, with sales increasing by 207% compared to the same period last year. The company attributes t...

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Amorepacific Faces Unexpected China Losses, Impacting Earnings

Amorepacific's growth in the US and Southeast Asia may not be enough to counterbalance the significant cost issues arising from its ongoing operational reshuffle in China. The oper...

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Hyundai Rotem's Defense Division Drives Record Sales with K2 Tank Exports to Poland

Hyundai Rotem's defense solutions division drives record earnings in Q2 2024, boosted by increased K2 tank exports to Poland. The company anticipates continued growth with upcoming...