LG Uplus has been fined 6.8 billion won for a breach earlier this year that leaked information on over 300,000 customers. On July 12, the Personal Information Protection Commission imposed a fine of 6.8 billion won (US$5.3 million) and a penalty of 27 million won on LG Uplus for violating personal i
Five former researchers from SEMES, who leaked the technology for manufacturing supercritical semiconductor cleaning equipment -- a core national technology -- to China, have been sentenced to prison in the first trial.On July 11, the 15th Criminal Division of the Suwon District Court sentenced form
Recently, Samsung Electronics has improved its process yield (the ratio of good products) to over 75% for its 4-nm process, leading to speculation that it could expand its major clients for semiconductor foundry (contract manufacturing).On July 11, Park Sang-wook, a researcher at Hi Investment & Sec
SKC is pushing to sell the Fine Ceramics division of SK enpulse, a subsidiary that produces semiconductor materials and parts.According to industry sources on July 10, SKC recently signed a memorandum of understanding (MOU) with Hahn & Company, a private equity firm, for the sale of the Fine Ceramic
Hyundai Motor Group is facing another difficulty as the United States strengthens automobile emissions regulations while Hyundai is unable to receive electric vehicle subsidies due to the Inflation Reduction Act (IRA).According to the industry on July 9, Hyundai criticized the vehicle emission regul
Chung Eui-sun, chairman of Hyundai Motor Group, took a tour of Intel’s European manufacturing process with a view to internalizing vehicle semiconductor technology.According to Hyundai Motor Group on July 9, Chairman Chung visited Intel’s Ireland Campus located in Leixlip, Kildare County, Ireland on
Samsung Electronics, which has been focusing on the automotive semiconductor market, has announced its entry into the next-generation power semiconductor market. Accordingly, industry insiders are paying attention to whether the era of silicon semiconductors will come to an end and the market for ne
The Korea Fair Trade Commission (KFTC) has imposed a 10 billion won (US$11 million) fine on OCI, which engaged in unfair internal transactions to maintain and strengthen the control of a related party within the group.On June 6, the KFTC announced that E-Tech E&C (now SGC E&C) and Gunjang Energy (no
Samsung Electronics has revealed its technological road map to gain a competitive edge in semiconductors smaller than 3 nanometers (1 billionth of 1 meter). The company plans to be the first in the world to implement 3D packaging technology, vertically stacking Gate-All-Around (GAA) chips produced i
Huawei announced they will launch a complete set of commercial 5.5G network equipment in 2024 at the 5G Advanced Forum during MWC Shanghai 2023. Huawei's Director and President of ICT Products & Solutions Yang Chaobin who made the announcement said the company intends for this launch to mark the
KG Mobility (formerly SsangYong Motor) has been selected as the final prospective buyer of Edison Motors by the Changwon District bankruptcy court.On July 3, Edison Motors announced that since a decision to commence corporate rehabilitation proceedings was made by the bankruptcy court in January, it
A system has been put in place to detect and roll back illegal drones flying around five nuclear power plants in Korea -- Kori, Saeul, Wolseong, Hanul, and Hanbit.Korea’s Nuclear Safety Commission said on July 2 that it completed the introduction of drone detection equipment for the nuclear power pl
Global semiconductor companies expanding their investments in South Korea have rolled up their sleeves to attract the country’s semiconductor talent. As the United States tightens its technology controls on China, global semiconductor companies have significantly increased their investments in South
The standings of Samsung Electronics and SK hynix, which have been leading the global semiconductor market, are wavering amid the “memory cold snap.” Samsung Electronics has been pushed down to the second spot by Intel in the global semiconductor market for the first quarter, and SK hynix, which use
The author is an analyst for Shinhan Securities. He can be reached at ym.ko@shinhan.com -- Ed.Two points lend support to growing hopes for imminent market upturnOur previous reports highlighted expectations for an earlier turnaround in market conditions and share prices than initially anticipated fo
With the enforcement of the European version of the Chips Act, and TSMC and Intel’s large-scale investment lineup continuing, the European Union (EU) has actively wooed domestic semiconductor companies that are hesitant about entering Europe. The focus is now on EU Internal Market Commissioner Thier
The Fair Trade Commission is reportedly conducting a survey on subcontract transactions targeting major game companies in Korea.According to the IT industry on June 28, the Fair Trade Commission recently started on-site investigations into major domestic game companies. In January, the Fair Trade Co
The global automotive industry is fiercely competing for control over vehicular software operating systems (OS). Notably, Hyundai Motor and Kia are expanding their territories by securing 10 million global users in the realm of connected car services, a cornerstone of the Software-Defined Vehicle (S
POSCO Group is aggressively growing its secondary battery materials business by investing 1.5 trillion won (US$1.2 billion) to build a nickel and precursor production plant in Pohang, North Gyeongsang Province, Korea in partnership with a Chinese company. The precursor is a material just before bein
The author is an analyst for Shinhan Securities. He can be reached at ym.ko@shinhan.com -- Ed.DDR5 effect: Early recovery with ASP hikes to precede spot price upturnWe now expect to see an earlier turnaround in market conditions and share prices than previously expected for the current industry cycl