News
Government Pledges Up to 20 Trillion Won for Infrastructure at Southwest Semiconductor Hub
2+ hour, 28+ min ago (669+ words) thelec. net The South Korean government will invest up to 20 trillion won to secure electricity and water infrastructure for the planned semiconductor industrial complex in the country's southwest, addressing one of the biggest challenges facing the project. President Lee Jae-myung…...
Kakao Union Holds First Full-Day Walkout as 2, 100 Join 'Logout Day"
3+ hour, 6+ min ago (541+ words) Kakao Corp.'s labor dispute has escalated into the company's first-ever full-day strike. According to Kakao's labor union, about 2, 100 employees are taking part in the collective action dubbed "Logout Day," representing roughly 30% of the workforce across the five participating affiliates....
LIG D&A Raises 500 Billion Won to Expand Production Facilities in Gumi and Gimcheon
1+ day, 8+ hour ago (312+ words) thelec. net LIG Defense & Aerospace (LIG D&A) will raise 500 billion won to significantly expand its production facilities in Gumi and Gimcheon, North Gyeongsang Province. LIG D&A announced on June 26 through a regulatory filing that it has decided to conduct…...
Samsung SDS Seeks to Replace Cash Bonuses With Company Shares
2+ day, 11+ hour ago (173+ words) Samsung SDS is seeking a sweeping overhaul of its employee incentive system by replacing cash performance bonuses entirely with company shares. The company is currently holding a vote among employees on the proposal. A Samsung SDS official said the proposal…...
LG U+ Offers Up to 45% Discount on AI Subscription Fees via Mobile Payments
4+ day, 4+ hour ago (150+ words) thelec. net LG Uplus announced on Thursday that it is offering a promotion providing up to a 45% billing discount for customers who pay for generative AI service subscriptions through Google Play using its mobile payment service. The promotion runs through…...
Mgame CEO, Vice President Each Buy 50 Million Won Worth of Company Shares
4+ day, 4+ hour ago (181+ words) thelec. net Mgame announced on Thursday that CEO Kwon Yi-hyung and Vice President Cho In-han each purchased 50 million won worth of the company's shares to strengthen management accountability and enhance shareholder value. According to the company's regulatory filing, Kwon purchased…...
KB Kookmin Bank Expands Counseling Program for Borrowers in Financial Distress
4+ day, 4+ hour ago (303+ words) thelec. net KB Kookmin Bank announced on June 26 that it will contribute an additional 300 million won to expand the Mind Care Counseling Service, a program operated jointly with the Credit Counseling and Recovery Service for financially vulnerable borrowers. With the…...
AUTOCRYPT Named Exclusive South Korea Partner for Elektrobit
5+ day, 2+ hour ago (319+ words) thelec. net AUTOCRYPT, a physical AI security company, said on June 25 that it has signed an agreement with automotive software company Elektrobit granting the company exclusive business rights in South Korea. Elektrobit is a subsidiary of Aumovio, formerly Continental Automotive…...
Samsung Says No Decision Made on 90 trillion won Share Buyback
5+ day, 13+ hour ago (493+ words) thelec. net Samsung Electronics said it has not made any final decision regarding market speculation that it could buy back shares worth as much as 90 trillion won. On June 24, the company said in a regulatory filing that it is reviewing…...
SK hynix's Massive Chip Designer Hiring Drive Rattles Fabless Sector
1+ week, 4+ day ago (351+ words) South Korea's fabless semiconductor industry is on edge following an unusually large recruitment drive by SK hynix for chip design engineers. Industry sources said on June 19 that SK hynix plans to hire design engineers in the hundreds through its rolling…...