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Overseas selling pushes Samsung's foreign ownership back to 2008 financial crisis levels despite record earnings, while SK hynix holdings also fall below 50 percent Foreign ownership of Samsung Electronics has fallen to its lowest level in nearly 19 years as record quarterly earnings fail to halt overseas investors' retreat from South Korea's biggest stock. Foreign investors held 46.38 percent of Samsung shares as of Thursday, according to Korea Exchange data. The stake touched 46.37 percent on
HLB’s first US approval for a cancer drug has given the Korean company fresh momentum in its effort to bring rivoceranib, a long-delayed liver cancer treatment, to market, as it seeks a green light from the US Food and Drug Administration after three failed attempts. The FDA approved Lyrfigtu, developed by HLB’s US subsidiary Elevar Therapeutics, for patients with previously treated advanced bile duct cancer harboring FGFR2 fusions or rearrangements on Sept. 23. The milestone gave Elevar Therape
Samsung affiliates plan to invest a combined 12.26 trillion won ($9.15 billion) in chip operations, directing nearly 8 trillion won to Vietnam while expanding high-end production capacity in South Korea. Samsung Electronics plans to invest 105.79 trillion Vietnamese dong ($4.09 billion) in memory chip testing facilities at Yen Binh Industrial Park in Thai Nguyen, northern Vietnam, according to an investment plan submitted to local authorities. The first production line is scheduled to start oper
South Korea's central bank and three state lenders recorded more than 1 million hacking attempts in the first nine months of the year, surpassing the total for all of 2025. The tally reached 1,024,478 through September, 9.6 percent more than last year's 934,858, according to data released Sunday by Rep. Kang Min-kuk of the People Power Party. The number of attempts per year has climbed from 358,800 in 2020. The institutions reported no breaches resulting from the attempts between 2020 and Septem
Hyundai Motor is poised to hit 10 million cumulative sales in India by year-end, fueled by surging SUV sales. The milestone comes about three decades after the South Korean automaker entered India, one of the world's largest and fastest-growing automotive markets. According to data released Sunday by the Society of Indian Automobile Manufacturers, Hyundai has sold a cumulative 9,884,960 vehicles in India as the end of September, leaving it just shy of 10 million. At its current sales pace, Hyund
LG Electronics is expanding its premium appliance lineup and retail distribution in the United States as its luxury brand LG Signature marks a decade in the market, the company said Sunday. The South Korean electronics maker aims to strengthen its presence in North America's premium and built-in appliance sectors by broadening its kitchen portfolio, widening retail access and introducing artificial intelligence features. The brand now offers 10 kitchen product categories, including ranges, wall
Starbucks Korea regained the top spot in sales among South Korean coffee chains in September, overtaking A Twosome Place after four months in second place following a public backlash over its controversial "Tank Day" promotion. According to by estimated credit and debit card spending data released Sunday by Mobile Index, a market intelligence platform operated by IGAWorks, Starbucks recorded an estimated 121 billion won ($90.3 million) in card payments last month, up 4.3 percent from August. Mon
The sound of running shoes hitting the ground filled Sejong Central Park on Friday, as South Korea celebrated Hangeul Day. Runners in athletic gear gathered with families, friends and coworkers to stretch and warm up at the starting line. Parents held their children's hands as they took in the crisp autumn air. They had come for the 2026 Hangeul Run, held to mark the 100th anniversary of the naming of Hangeul Day, originally known as Gagyanal. This year’s Hangeul Run drew approximately 13,000 ru
Having debuted in 2004, the Tucson achieved 10.53 million global cumulative sales last year, becoming Hyundai Motor’s third model to pass the monumental 10 million mark, after the Elantra and Accent sedans, making it the first SUV in its lineup to do so. Firmly established as a core compact SUV across North America, South America, Europe, the Asia-Pacific region and Africa, the fifth-generation Tucson now returns with a full revamp. The new model features the vehicle’s boldest design upgrade yet
Posco and the city of Gwangyang in Jeonnam-Gwangju unveiled Panorama Walk, a massive interactive steel sculpture atop Gubongsan, on Thursday, turning the former beacon site into a new cultural landmark overlooking Gwangyang Bay. Unveiled to mark Gwangyang Citizens’ Day, the installation combines the steelmaker’s industrial identity with the city’s history, landscape and culture. The project dates back to a 2022 agreement between Posco and Gwangyang to develop Gubongsan as a tourist destination.
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