Korea Joongang Daily
Korea JoongAng Daily

SK hynix to raise dividends by 25% per share by 2027, riding AI chip boom

SK hynix on Wednesday announced plans to increase dividend payouts by 25 percent per share by 2027 as part of a broader strategy to boost corporate value amid the chipmaker's rapid growth in the AI chip market.

2024-11-28

Power players: Korean firms lock in $20B in energy plant deals

Contracts for power plants won by Korean companies reached an estimated $20 billion through October as trust in their reliability rises in the Middle East and Eastern Europe.

2024-11-28

Stop, drop and roll more around Seoul: Incheon's Easy Drop service to open in Myeong-dong

A Luggage Less branch in Myeong-dong, central Seoul, on Wednesday prepares for its grand opening on Thursday.

2024-11-27

SK Square, CJ ENM invest $180 million in Wavve to propel Tving merger

SK Square and CJ ENM invest $180 million in Wavve to facilitate a merger with Tving, aiming to enhance competitiveness against global streaming services like Netflix in the growing Korean market.

2024-11-27

Celltrion aims for $3.58 billion in annual sales next year

Korean drugmaker Celltrion plans to achieve annual sales of 5 trillion won ($3.58 billion) next year, driven by the growth of its biosimilar products and a new treatment for autoimmune diseases, its chairman said Wednesday.

2024-11-27

No guts, no glory: Beef intestines, chicken feet part of Emart sales event

Models pose with ready-made meals of beef intestines and chicken feet, are popular items in Korea as latenight snacks that go well with drinks, at Emart's Yongsan branch in central Seoul on Wednesday.

2024-11-27

Top office strategizes over Trump's tariff threat for Mexico, Canada

The presidential office has begun preparing for the effect that potential tariffs on goods from Canada and Mexico could have on Korean businesses.

2024-11-27

Gov't to open checkbook for chip infrastructure as Trump change looms

The government will shoulder more than half of the 1.8 trillion won needed to build semiconductor infrastructure as the industry prepares for a frosty approach by the incoming Donald Trump administration.

2024-11-27

Hyundai Motor to buy back $716 million worth of its own shares

Hyundai Motor will buy back 1 trillion won ($716 million) worth of its own shares as part of efforts to boost its shareholder value, the company said Wednesday.

2024-11-27

ADOR stands up for Hanni in online post as D-Day on NewJeans' ultimatum approaches

NewJeans' agency ADOR made its first official move regarding the girl group's ultimatum, uploading a post on social platform X, formerly known as Twitter.

2024-11-27