South Korea's main stock index fell 2% to 6,891.72 as rising US Treasury yields (nearing 5%) and oil prices above US$100 prompted sell-offs. Samsung Electronics and SK Hynix declined over 3% each. Global financial tightening is pressuring Korean exporters and savers holding won-denominated assets.
South Korean CK Solution is partnering with global energy firm Schneider Electric to add power and automation capabilities to its data center cooling business. This move targets the growing AI infrastructure market. Companies and foreign cloud investors in Korea will benefit from expanded local data
The biometric security firm plans to expand sales of physical access control and permission management systems to AI data centers in Korea and overseas. With expensive AI hardware requiring enhanced security, biometric solutions are becoming critical infrastructure for data center operators.
Naver CEO and Naver Cloud CEO met French companies during South Korea's presidential visit to France to propose expanded cooperation in AI and other sectors. This reflects Korea's push to build international AI ecosystem partnerships and gain access to French tech talent and research.
Meta and chipmaker Panmnesia announced a new AI data center design that treats multiple server racks as a single integrated system using CXL interconnects, addressing bottlenecks in large AI model training. The approach is still in development phase. This reflects the industry-wide race to scale AI
Samsung and Dutch equipment maker ASML will jointly bring advanced lithography technology (high-NA EUV) to Samsung's DRAM factories by 2028, making Samsung first in the industry to adopt it at scale. This affects chip makers competing globally and semiconductor equipment suppliers. The move is part
SK Group Chairman Chey Tae-won will appear as a lecturer on EBS's educational program 'The Great Lesson' alongside five Nobel Prize winners. The programming highlights South Korea's corporate leaders engaging in thought leadership and public education.
South Korea has officially informed the International Atomic Energy Agency of its intent to consult on safety arrangements for nuclear-powered submarines. The move addresses international oversight requirements as Seoul pursues submarines powered by nuclear reactors rather than conventional fuel.
South Korea's main stock index Kospi opened at 7,077 (up 1.17%), marking a return above 7,000 for the first time since August 18. Heavyweight semiconductor stocks led gains, with SK Hynix up 3.08% and Samsung Electronics up 1.11%, riding on momentum from OpenAI's GPT-6 Astra launch announcement.
Korea Development Institute says strong semiconductor and AI investment growth hasn't improved ordinary household incomes or consumer spending. The economy is bifurcated: tech sectors are thriving while renters, borrowers, and wage-earners see stagnant wealth. Korea's export-led growth model, histor