The South Korean government and Samsung Electronics management ratcheted up pressure on the labor union ahead of a planned monthlong strike next week after marathon government-mediated talks over a profit-linked bonus system collapsed early Wednesday. “A strike must never happen under any circumstances,” Deputy Prime Minister and Finance Minister Koo Yun-cheol wrote on X on Wednesday, pledging to continue mediation to keep the dialogue momentum al

South Korean game developer Pearl Abyss reported that its first-quarter operating profit surged nearly 26-fold from a year earlier, propelled by the runaway success of action-adventure title Crimson Desert, which has reshaped the studio's financial trajectory since its March 20 launch. According to regulatory filings released Tuesday, operating profit on a consolidated basis came in at 212.1 billion won ($142.4 million), a whopping 2,597.4 percent jump from

Nexon reopened its museum on Jeju Island after a four-month renovation, recasting Asia's first computer museum as a destination devoted to the South Korean publisher's three-decade catalogue of online games and the players who built its communities. The Jeju City venue, originally launched in July 2013 as the Nexon Computer Museum, has been rebranded simply as Nexon Museum, its grand opening on Tuesday. The overhaul shifts the institution away from a

Krafton's creative studio Unknown Worlds opened Steam pre-orders and pre-downloads for "Subnautica 2" at midnight Tuesday, three days before the underwater survival sequel enters early access on Friday. The title has held the top spot on Steam's global wishlist for nine straight months and recently crossed 5 million cumulative wishlists, the company said. It also climbed to No. 1 on Steam's global top-grossing chart shortly after pre-order

LG Electronics (LGE) announced Monday it will supply high-end OLED monitors for Hyundai Motor’s high-performance "Hyundai N Racing Simulator," expanding its display business into the virtual driving sector. Under the partnership, LG will provide the 65-inch LG OLED Pro monitor for the "Pro" simulator model and 65-inch OLED TVs for the "Racer" model. The professional-grade OLED Pro features 4K resolution and a specialized

South Korean chipmaker giant SK hynix inc. has signed a multilateral agreement with the government and local authorities to restore the aquatic ecosystem of Namdaecheon Stream, a move aimed at reviving the country’s largest salmon spawning ground. Under the "Water Positive" initiative, the memory chipmaker will cooperate with the Ministry of Climate, Energy and Environment and the Gangwon provincial government to modernize aging weirs that hav

Samsung Electronics and its union agreed to meet next week to iron out differences and possibly avert a full-scale strike scheduled for May 21, after the South Korean government stepped in amid fears that labor unrest could undermine a key pillar sustaining the economy and the stock market rally. The Samsung Electronics Labor Union (SELU) announced Friday it will enter a formal "post-mediation" process, with intensive negotiations scheduled for May

Samsung Electronics has much to celebrate — joining the rare ranks of companies generating more than $40 billion in quarterly profit and surpassing a $1 trillion market capitalization. Yet beneath the triumph, the company faces growing internal strains that mirror the strengths and vulnerabilities of the broader Korean economy, heavily hanging on the semiconductor boom. The founding principle of “One Samsung” is showing visible cracks as

South Korea's platform giants are converting an artificial intelligence investment cycle into top-line momentum, with Kakao joining rival Naver in delivering AI-revved first-quarter earnings. According to regulatory filings on Thursday, Kakao's consolidated operating profit jumped around 65.9 percent from a year earlier to 211.4 billion won ($145.7 million) on an adjusted basis, while revenue climbed 11.1 percent to 1.94 trillion won — both first