SK Hynix to Invest 54 Trillion Won in New Semiconductor Facilities
SK Hynix will invest a total of 54 trillion won in new semiconductor production facilities in Yongin and Cheongju to meet the surging demand for memory in the age of artificial intelligence (AI). The company anticipates a structural increase in demand for next-generation DRAM, including high-bandwidth memory (HBM), and enterprise SSDs, prompting proactive measures to secure large-scale production capacity.On August 7, SK Hynix announced during a board meeting that it has approved investments of
High Oil Prices and Exchange Rates Lead to Jin Air's 2nd Quarter Operating Loss of 73.1 Billion Won
Jin Air reported a revenue of 360.3 billion won for the second quarter of this year, a 17.7% increase compared to the same period last year.However, the airline recorded an operating loss of 73.1 billion won, which is 30.8 billion won larger than the loss of 42.3 billion won from the previous year.The net loss for the second quarter also increased to 67.5 billion won, compared to a loss of 15.7 billion won in the same quarter last year.For the first half of the year, cumulative revenue reached 7
Dunamu Wins Contract to Manage Seized Virtual Assets for Police Agency
Dunamu has secured a contract with the National Police Agency to manage and store seized virtual assets.On August 7, Dunamu announced that it was selected as the final bidder for the 'Seized Virtual Asset Storage and Management Project' initiated by the police agency.The project aims to establish a secure storage and efficient management system for seized virtual assets. Dunamu received the highest technical evaluation score of 94.14 points in a competitive bidding process conducted by the Publi
Kolon Industries Reports 118% Increase in Q2 Operating Profit
Kolon Industries announced on August 7 that its preliminary consolidated results for the second quarter showed sales of 1.3565 trillion won and an operating profit of 98.7 billion won. Both sales and operating profit increased by 7.8% and 118%, respectively, compared to the same period last year.Despite rising raw material costs and increased external volatility, the company achieved solid growth due to expanded sales of key materials, increased chemical product sales, and steady growth across v
Surge in M&A Activity for Restaurant Franchises Including Burgers, Coffee, and Chicken
The domestic restaurant franchise merger and acquisition (M&A) market is heating up again. With burger, coffee, chicken, and dessert brands increasingly available for sale, interest from private equity firms and foreign capital is growing. The combination of stable profit structures and the global expansion potential of K-food is drawing attention to restaurant franchises as investment assets.According to investment banking sources on August 6, major burger brands are emerging as significant ass
Special Courts for Civil Cases Resolve Disputes in Three Months
A specialized court dedicated to civil cases directly affecting citizens, such as jeonse fraud and rental disputes, has resolved cases in an average of three months. On August 7, the Supreme Court's Court Administration Office released an analysis of the pilot program for the 'Timely Processing Division for Civil Cases,' which was introduced in February at four locations in the Seoul Central District Court and one in Changwon. This division aims to quickly resolve disputes related to rental depo
Lotte Chemical Reports 2nd Quarter Operating Profit of 110.1 Billion Won
Lotte Chemical achieved a consolidated operating profit of 110.1 billion won and revenue of 5.6864 trillion won in the second quarter of 2026, marking a successful return to profitability. This improvement comes amid ongoing global supply chain uncertainties due to geopolitical issues in the Middle East, resulting from optimized production operations and a focus on profitability. In terms of business performance, the basic chemicals segment (including Lotte Chemical's basic materials business, L
Chinese Stock Market Rises on Strong Exports and 6G Hype
The Chinese stock market rebounded on August 7 after a decline the previous day, buoyed by strong export figures. The Shanghai Composite Index closed up 1.02% at 3,940.04, the Shenzhen Component Index rose 1.42% to 14,311.01, and the ChiNext Index increased by 1.35% to 3,563.12.The General Administration of Customs announced that July exports reached $397.8 billion, a 23.9% increase compared to the same month last year. While this figure fell short of June's growth rate of 27%, it exceeded the m
Kakao Finalizes Wage Negotiations with 6.3% Salary Increase and 3 Million Won Bonus
Kakao has finalized wage negotiations with its labor union, confirming a 6.3% increase in total annual salary and a special bonus of 3 million won. This agreement brings an end to the uncertainty surrounding wage negotiations between management and labor.Kakao announced on the afternoon of August 7 that the wage agreement was finalized following a voting process among union members.The wage agreement includes a 6.3% increase based on total annual salary. The 'Stage Up' fund, which compensates ba
KOGAS Reports 28% Increase in First Half Operating Profit Amid Lower LNG Prices
The Korea Gas Corporation (KOGAS) reported a nearly 30% increase in operating profit for the first half of the year, driven by a decline in liquefied natural gas (LNG) import prices and improved performance in overseas operations. The company's net profit doubled compared to the same period last year, bolstered by increased investment income from related enterprises.On August 7, KOGAS announced its preliminary consolidated results for the second quarter, revealing an operating profit of 675.3 bi