FINWIRES · TerminalLIVE
FINWIRES

KRX:035420

26 stories mentioning KRX:035420Updated 3d ago

Every FINWIRES story that references KRX:035420, newest first.

Asia

Kospi Surges 1% on Tech Gains Amid Halt in Middle East Hostilities; Samsung Climbs 2%

South Korean stocks rallied on Monday, led by technology shares, as a halt in Middle East hostilities lifted investor sentiment.The U.S. and Iran paused strikes in recent days, raising hopes of another possible ceasefire and pushing Brent and West Texas Intermediate (WTI) crude prices down nearly 5% after last week's rally. Meanwhile, the U.S. 10-year Treasury yield remained near 4.7% ahead of the Federal Reserve's interest rate decision on Wednesday.The Korea Composite Stock Price Index, or Kospi, increased by 65.13 points, or nearly 1%, to end at 6,755.75. The Kosdaq also rose by 16.64 points, or 2.2%, to close at 764.86.In corporate news, Samsung Electronics (KRX:005930) signed a memorandum of understanding with U.S.-based semiconductor and infrastructure software firm Broadcom worth $200 billion, the South Korean chipmaker said in a press release on Saturday.The agreement is expected to broaden their partnership in memory and foundry operations to support next-generation AI infrastructure.Shares of Samsung Electronics added nearly 2% at market close.In other news, SK Group, the parent of SK Hynix (KRX:000660), signed a memorandum of understanding with U.S.-based chipmaker Nvidia to secure and co-develop next-generation AI memory, Nvidia said in a press release on Friday.The two companies will jointly develop and optimize next-generation AI memory, including high-bandwidth memory (HBM), for AI infrastructure spanning large language models, agentic AI and physical AI, according to the release.Shares of SK Hynix increased more than 3% at market close.Additionally, Naver (KRX:035420), Nvidia, and private-equity firm Brookfield proposed expanding South Korea's sovereign AI factory infrastructure by increasing the planned Nvidia DSX AI factory deployment to 200 megawatts from the 55-megawatt project announced in June, Nvidia said in a press release on Friday.The expanded facility will be built at Naver's GAK Sejong hyperscale data center in South Korea's Sejong. Nvidia plans to invest $1 billion in Naver, while Brookfield signed a non-binding term sheet to provide up to $9 billion in funding, with Naver financing the balance.Shares of Naver jumped nearly 9% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:035420
South Korea Ramps Up AI Ambitions With $950 Billion US Tech Deals
US Markets

South Korea Ramps Up AI Ambitions With $950 Billion US Tech Deals

South Korean technology companies led by Samsung Electronics (KRX:005930) and SK Group unveiled artificial intelligence partnerships worth a combined $950 billion with Nvidia, Broadcom and other U.S. companies on Friday.The announcements came at an AI investment summit in San Francisco hosted by South Korean President Lee Jae Myung.About 230 business leaders attended the event, including Samsung Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Nvidia Chief Executive Jensen Huang, OpenAI Chief Executive Sam Altman and Anthropic Chief Executive Dario Amodei.The $950 billion total stems from two massive semiconductor supply and manufacturing agreements. Samsung signed a five-year, $200 billion memorandum of understanding with Broadcom to provide high-bandwidth memory (HBM) chips for AI data centers alongside advanced foundry services.SK Group committed to $750 billion in long-term advanced memory supply cooperation with global tech companies. This includes a $500 billion-plus letter of intent with Nvidia spanning AI infrastructure and next-generation memory development. Additionally, SK Telecom (KRX:017670) will procure Nvidia's latest computing platforms to develop AI data centers with up to 2 gigawatts of power capacity.Separately from the semiconductor deals, Naver (KRX:035420) expanded its partnership with Nvidia, securing a $1 billion investment from the U.S. chipmaker and up to $9 billion from Canadian investment firm Brookfield to support AI data centre projects in South Korea.The South Korean government said the agreements support its strategy to position the country as a global AI production base by combining its semiconductor expertise with the technology and capital of leading U.S. companies.South Korea will "become a global hub by going beyond supply to create dynamic new markets where the world can grow together through the fastest and best utilization of AI," Lee said in the San Francisco AI Declaration.He added that the country aims to "leap forward as a key nation in the irreplaceable global AI supply chain."The announcements come as South Korea accelerates investment in AI infrastructure. In June, Samsung and SK Hynix announced plans to invest a combined 800 trillion won in four semiconductor plants.

KRX:005930KRX:017670KRX:035420
Asia

Naver, Nvidia, Brookfield Expand South Korea AI Factory Infrastructure Plan; Shares Jump 7%

Naver (KRX:035420), Nvidia, and private-equity firm Brookfield proposed expanding South Korea's sovereign AI factory infrastructure by increasing the planned Nvidia DSX AI factory deployment to 200 megawatts from the 55-megawatt project announced in June, Nvidia said in a press release on Friday.The expanded facility will be built at Naver's GAK Sejong hyperscale data center in South Korea's Sejong. Nvidia plans to invest $1 billion in Naver, while Brookfield signed a non-binding term sheet to provide up to $9 billion in funding, with Naver financing the balance, the release said.The long-term partnership was disclosed during South Korean President Lee Jae Myung's visit to San Francisco, where South Korean firms Samsung Electronics (KRX:005930) and SK Hynix (KRX:000660) also disclosed partnerships with US firms.Shares of Naver added over 7% in recent trade.

KRX:000660KRX:005930KRX:035420
Asia

SK Group, Nvidia Sign $500 Billion Long-Term Partnership to Secure, Co-Develop Next-Generation HBM

SK Group, the parent of SK Hynix (KRX:000660), signed a memorandum of understanding with U.S.-based chipmaker Nvidia to secure and co-develop next-generation AI memory, Nvidia said in a press release on Friday.The two companies will jointly develop and optimize next-generation AI memory, including high-bandwidth memory (HBM), for AI infrastructure spanning large language models, agentic AI and physical AI, according to the release.The long-term partnership, amounting to $500 billion, was announced during South Korean President Lee Jae Myung's visit to San Francisco, where South Korean firms Samsung Electronics (KRX:005930) and Naver (KRX:035420) also announced partnerships with US firms.Shares of SK Hynix fell more than 1% in recent trade. Shares of Samsung Electronics declined nearly 1%, while those of Naver added over 9%.

KRX:000660KRX:005930KRX:035420
Asia

Samsung Electronics Signs $200 Billion MOU With Broadcom to Expand AI Chip Partnership

Samsung Electronics (KRX:005930) signed a memorandum of understanding with U.S.-based semiconductor and infrastructure software firm Broadcom worth $200 billion, the South Korean chipmaker said in a press release on Saturday.The agreement is expected to broaden their partnership in memory and foundry operations to support next-generation AI infrastructure.The five-year partnership was announced during South Korean President Lee Jae Myung's visit to San Francisco, where South Korean firms SK hynix (KRX:000660) and Naver (KRX:035420) also announced partnerships with US firms.Shares of Samsung fell over 1% in recent trade.

KRX:000660KRX:005930KRX:035420
Asia

South Korean Shares Close Sharply Lower on Escalated US-Iran Military Conflict, Oil Price Jump

South Korean shares broke a three-day winning streak to close sharply lower on Friday, amid escalating tensions in the Middle East.The U.S. carried out a 13th straight night of strikes on Iran on Thursday, targeting military sites and commercial establishments, while Yemen's Iran-backed Houthi rebels said they attacked two Saudi oil tankers in the Red Sea. In addition, these escalations led to oil prices climbing above $100 a barrel.The Korea Composite Stock Price Index, or Kospi, decreased by 406.27 points, or 5.7%, to end at 6,690.62. The Kosdaq also fell by 42.06 points, or 5.3%, to close at 748.22.In corporate news, Samsung Electronics' (KRX:005930) decision to award bonuses of over $400,000 to some of its employees has led to labor protests across major firms in South Korea, Bloomberg News reported Friday.Assembly-line workers at automaker Hyundai Motor (KRX:005380) plan to carry out a three-day partial strike next week to demand bonuses of up to 30% of consolidated profit, while unions at HD Hyundai Heavy Industries (KRX:329180) and LG Uplus (KRX:032640) are seeking payouts equal to at least 30% of operating profit, the report said.Employees at Hanwha Aerospace (KRX:012450) and HD Hyundai Electric (KRX:267260) seek bonus limitations removed, while workers at internet giant Kakao Corporation (KRX:035720) are demanding up to 15% of operating profit for bonuses, and technology firm Naver's (KRX:035420) union is establishing a coalition with affiliate unions to boost negotiations, Bloomberg News said.Kakao Corporation could not be reached, while Hyundai Motor, HD Hyundai Heavy Industries, LG Uplus, Hanwha Aerospace, HD Hyundai Electric, and Naver did not immediately respond to' request for comment.Shares of Samsung Electronics fell nearly 8%, those of Hyundai Motor and HD Hyundai Electric declined 7%, while shares of HD Hyundai Heavy Industries fell nearly 3% at market close. Shares of Hanwha Aerospace added over 2%, while shares of Kakao and Naver declined 3% and 6%, respectively.In other news, KB Financial Group (KRX:105560) posted a 3.2% year-over-year decline in profit attributable to owners of the parent to 1.124 trillion won from 1.161 trillion won for the second quarter, according to a Friday filing with the Korea Exchange.Net sales fell 17% to 11.8 trillion won from 14.2 trillion won for the three months ended June 30.Shares of KB Financial slipped 3% at market close.

^KOSDAQKOSPIKRX:005380KRX:005930KRX:012450KRX:032640KRX:035420KRX:035720KRX:267260KRX:329180
Asia

Market Chatter: Samsung Electronics' $400,000 Bonus Leads to Labor Protests Across South Korea

Samsung Electronics' (KRX:005930) decision to award bonuses of over $400,000 to some of its employees has led to labor protests across major firms in South Korea, Bloomberg News reported Friday.Assembly-line workers at automaker Hyundai Motor (KRX:005380) plan to carry out a three-day partial strike next week to demand bonuses of up to 30% of consolidated profit, while unions at HD Hyundai Heavy Industries (KRX:329180) and LG Uplus (KRX:032640) are seeking payouts equal to at least 30% of operating profit, the report said.Employees at Hanwha Aerospace (KRX:012450) and HD Hyundai Electric (KRX:267260) seek bonus limitations removed, while workers at internet giant Kakao Corporation (KRX:035720) are demanding up to 15% of operating profit for bonuses, and technology firm Naver's (KRX:035420) union is establishing a coalition with affiliate unions to boost negotiations, Bloomberg News said.Kakao Corporation could not be reached while Hyundai Motor, HD Hyundai Heavy Industries, LG Uplus, Hanwha Aerospace, HD Hyundai Electric, and Naver did not immediately respond to' request for comment.Shares of Samsung Electronics fell over 8%, those of Hyundai Motor and HD Hyundai Electric declined over 9% and 7% respectively, while shares of HD Hyundai Heavy Industries fell more than 2% in recent trade. Shares of LG Uplus declined over 1% while those of Hanwha Aerospace added nearly 3%. Shares of Kakao and Naver declined nearly 4% and over 7%, respectively.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:005380KRX:005930KRX:012450KRX:032640KRX:035420KRX:035720KRX:267260KRX:329180
Asia

Market Chatter: Top South Korean Technology Leaders to Meet Nvidia Chief in US

South Korean technology leaders, including Samsung Electronics' (KRX:005930) Chairman Jay Y Lee, SK Group Chairman Chey Tae-won and Naver (KRX:035420) Founder Lee Hae-jin are expected to meet Nvidia CEO Jensen Huang in the US this week, Pulse News reported Wednesday, citing people familiar with the matter.The meeting, expected to be held in Silicon Valley on Friday, may also see participation from OpenAI chief executive Sam Altman and Anthropic chief executive Dario Amodei.The planned gathering is said to be one of a kind, uniting top executives across the AI industry, including memory chips, semiconductors, AI processors, and generative AI services.Samsung Electronics, SK Group and Naver did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

KRX:005930KRX:035420
Asia

South Korean Shares Plunge on Escalating Middle East Tensions; Samsung Electronics, SK Hynix Lose 4%

South Korean stocks plunged more than 4% on Monday as investor concerns shot up due to escalating Middle East tensions.The Korea Composite Stock Price Index, or Kospi, decreased by 304.33 points, or 4.5%, to end at 6,516.27. The Kosdaq also fell by 42.2 points, or 5.3%, to close at 749.64.The U.S. military said Monday that it carried out a ninth straight night of strikes on Iran, targeting command centers, air defenses, missile facilities and other military infrastructure, while a U.S. service member died in northern Iraq during the controlled disposal of an unexploded Iranian drone.Several locations in Bushehr, the capital of Iran's southwestern Bushehr province, were hit in an attack, the province's governor said, Mehr News Agency reported.In economic news, the per capita gross domestic product (GDP) of South Korea is estimated to increase 7.6%, or up $2,750, on-year to about $39,164 this year, Yonhap News reported Sunday, citing data from local analysts.The projected per capita GDP growth will be the strongest annual jump since the 11.5% recorded in 2021, according to the report.In corporate news, the brand value of Samsung Group, the parent group of Samsung Electronics (KRX:005930) and Samsung Biologics (KRX:207940), jumped 8.9% to $97.4 billion in 2026 from $89.4 billion in 2025, British consulting firm Brand Finance said in a Sunday report.The group ranked eighth in Brand Finance's ranking of the top 100 tech companies globally.SK Hynix (KRX:000660) rose one place to 28th, LG Corp (KRX:003550) slipped eight spots to 44th, Coupang slipped one position to 49th, and Naver (KRX:035420) moved up five places to 95th, according to the report.Shares of Samsung Electronics and SK Hynix fell nearly 4% at market close, while Samsung Biologics declined 3%. Shares of Naver fell over 2% at market close.

KRX:000660KRX:003550KRX:005930KRX:035420KRX:207940
International

Samsung Group Brand Value Hits $97.4 Billion, Ranks Eighth Globally

The brand value of Samsung Group, the parent group of Samsung Electronics (KRX:005930) and Samsung Biologics (KRX:207940), jumped 8.9% to $97.4 billion in 2026 from $89.4 billion in 2025, British consulting firm Brand Finance said in a Sunday report.The group ranked eighth in Brand Finance's ranking of top 100 tech companies globally.SK Hynix (KRX:000660) rose one place to 28th, LG Corp (KRX:003550) slipped eight spots to 44th, Coupang slipped one position to 49th, and Naver (KRX:035420) moved up five places to 95th, according to the report.Shares of Samsung Electronics fell more than 4%, while Samsung Biologics declined 3%. Shares of SK Hynix declined more than 4%, and those of Naver fell nearly 3%.

KRX:000660KRX:005930KRX:035420KRX:207940
Asia

Naver Cloud, France's Mistral AI Sign Manufacturing AI Innovation Partnership

Naver's (KRX:035420) wholly-owned subsidiary Naver Cloud and French AI company Mistral AI signed a partnership to target the manufacturing AI market together, the South Korean internet company said in a Wednesday release.Under the partnership, the two firms will jointly launch their business in South Korea, offering Mistral AI's latest models and full-stack platforms via Naver Cloud Platform. Mistral AI will also deploy dedicated field engineers to domestic customer sites to provide technical support and resolve issues, the release said.Shares of Naver fell over 2% at market close.

KRX:035420
Samsung, SK Hynix Lead KRW 392 Trillion Investment in South Korea's Chungcheong Region
US Markets

Samsung, SK Hynix Lead KRW 392 Trillion Investment in South Korea's Chungcheong Region

Samsung Electronics (KRX:005930), SK Hynix (KRX:000660) and Celltrion (KRX:068270) have pledged a combined 392 trillion won ($254 billion) to build a tech and biotech hub in South Korea's Chungcheong region.South Korea's Ministry of Trade, Industry and Energy announced the plans at a Thursday briefing held at Samsung Display's Asan campus.The event, which coincided with the first glass substrate delivery for Samsung Display's 8.6-generation OLED production line, follows the government's mega-projects briefing last week, where the ministry also announced a 550 trillion won project in cooperation with the government, Samsung, SK Hynix and Naver (KRX:035420).At the latest event, Samsung outlined a 140 trillion-won plan to transform Chungcheong into "a hub for materials and components."Through Samsung Display, the group plans to expand high-value-added OLED lines in Asan for smartphones, IT devices, XR, automotive and humanoid and wearable applications, according to a separate press release from Samsung.The company will also build an HBM manufacturing base with five fab lines in Onyang, plus expanded facilities in Cheonan.Samsung expects the plan to create 250,000 jobs.Separately, SK Hynix CEO Kwak Noh-Jung said the company will invest a total of 100 trillion won in Cheongju, of which 80 trillion won will be spent on M17 NAND production and 20 trillion won for P&T7 advanced packaging.P&T7 is targeted for completion by the end of 2027, while M17 construction is expected to begin next year, with operations slated to start in the first half of 2029.Kwak cited an increasing demand for enterprise SSDs and NAND flash memory tied to the adoption of AI services as the reason for the expansion.SK Group separately plans to build a 1-gigawatt AI data center in the Chungcheong region as part of a push to build a total of 15 GW of AI data center capacity across the country.Meanwhile, biopharmaceutical company Celltrion (KRX:068270) will also invest 2 trillion won in biopharmaceutical production facilities within Chungcheong, according to the ministry.The planned facility will manufacture pre-filled syringes, with plans to boost production capacity by 50 million syringes, raising Celltrion's total annual capacity in the region to 70 million syringes, Korea JoongAng Daily reported, citing the event.The ministry also hinted that other companies have earmarked about 150 trillion won in the region.

KRX:000660KRX:005930KRX:035420KRX:068270
Japan Taps SoftBank-Backed Noetra for AI Push Worth Up to 1 Trillion Yen
US Markets

Japan Taps SoftBank-Backed Noetra for AI Push Worth Up to 1 Trillion Yen

Japan's government has selected a SoftBank Corp.-backed (TYO:9434) consortium to lead a national effort to develop a homegrown artificial intelligence model, with total government investment poised to reach 1 trillion yen over five years.The Ministry of Economy, Trade and Industry (METI) and the New Energy and Industrial Technology Development Organization (NEDO) named Noetra Inc. and the National Institute of Advanced Industrial Science and Technology (AIST) as the implementers of its "Multimodal Platform Model Development Project for AI Robots and Physical AI," according to a press release on Tuesday.It follows a review of 15 proposals submitted during a public tender that ran from March 24 to April 22.The project spans fiscal years 2026 through 2030, with contracts initially signed for the first two years and continuation subject to an annual stage-gate review, NEDO said.Under the arrangement, Noetra will develop and supply "an internationally competitive" multimodal platform model while taking into account the needs of Japanese model development and utilization.AIST will work with domestic and international research institutions to carry out advanced technological development and contribute to the development of what METI described as "a future-oriented, competitive platform model."The AI model is expected to handle a range of data, including language, audio, images, videos, sensor data, and more.The government has already earmarked 387.3 billion yen for the program in its fiscal 2026 budget, funded through GX Economy Transition Bonds, according to METI's budget outline published in April.Noetra is a joint project led by SoftBank Corp., the telecommunications and internet subsidiary of SoftBank Group (TYO:9984). It counts NEC Corp. (TYO:6701), Honda Motor (TYO:7267), Sony Group (TYO:6758), Mitsubishi UFJ Financial Group (TYO:8306), Sumitomo Mitsui Financial (TYO:8316), Mizuho Financial Group (TYO:8411), Nippon Steel (TYO:5401) and Kobe Steel (TYO:5406) as partners.Back in April, METI disclosed its ambition for Japan to capture 30%, or 20 trillion yen, of the global AI robotics market by 2040.The announcement comes amid a broader rally in Japanese AI-linked stocks that pushed the Nikkei 225 to its sharpest quarterly increase on record as of Tuesday. SoftBank Group recently overtook Toyota Motor (TYO:7203) as Japan's most valuable listed company.The Japanese initiative follows a similar push from neighboring South Korea, which also unveiled plans to build semiconductor facilities and AI data centers on Monday, enlisting chipmaker SK Hynix (KRX:000660), Samsung Electronics (KRX:005930) and internet firm Naver (KRX:035420).

Nikkei 225KRX:000660KRX:005930KRX:035420TYO:5401TYO:5406TYO:6701TYO:6758TYO:7203TYO:7267TYO:8306TYO:8316TYO:8411TYO:9434TYO:9984
Asia

South Korean Shares Close Higher on Overnight Wall Street Gains, Potential US-Iran Negotiations Ahead

South Korean shares closed higher on Tuesday, in line with overnight gains on Wall Street after the US and Iran agreed to cease attacks in and around the Strait of Hormuz and are expected to hold talks in Qatar.The benchmark Korea Composite Stock Price Index, or Kospi, rose by 1%, or 81.83 points, to close at 8,476.48. The Kosdaq, however, fell by 0.5%, or 4.39 points, to end at 916.18.Wall Street rebounded on Monday amid a rally of technology stocks. The Dow Jones Industrial Average added 0.59% to close at a record high, while the Nasdaq Composite rose 2.07%, and the S&P 500 increased 1.18%.U.S. President Donald Trump said U.S. and Iranian officials will meet in Qatar on Tuesday after Tehran "requested" talks following days of reciprocal attacks that strained their interim agreement, according to AL Jazeera.However, Iran's Foreign Ministry denied any scheduled meeting with the US but said that it will send a special delegation to Doha to secure the release of frozen assets.On the corporate front, Samsung Group and SK Group announced investment plans totaling 2,655 trillion won and 1,100 trillion won, respectively, to build regional semiconductor hubs and nationwide AI infrastructure, according to statements from the firms on Monday.Samsung Electronics (KRX:005930) plans to invest 2,030 trillion won in semiconductor clusters, which comprise the Pyeongtaek Campus and Yongin National Industrial Complex, while allocating 625 trillion won to projects in the Honam, Chungcheong and Yeongnam regions. These will focus on AI chips, robots, batteries, and IT components.Of that regional allocation, 425 trillion won will be concentrated in the Honam region, where Samsung Electronics will deploy 400 trillion won to build a new semiconductor fabrication plant and a digital-twin-based innovation hub in Gwangju.Meanwhile, chipmaker SK Hynix (KRX:000660) will invest 1,100 trillion won to build an AI memory production network across Yongin, Cheongju and southwestern Korea. The company aims to complete the fourth fab at its Yongin Semiconductor Cluster by 2033, 12 years ahead of schedule, with total investment in the semiconductor cluster expected to hit 600 trillion won.Alongside these corporate investments, South Korea unveiled a 550 trillion won joint private-public initiative involving internet firm Naver (KRX:035420) to build 8.4 gigawatts of AI data center capacity by 2029.Naver did not immediately respond to' request for comment.Shares of Samsung Electronics added 4% at market close, those of SK Hynix added 2%, while those of Naver fell over 2%.In other news, Samsung Electro-Mechanics (KRX:009150) secured a supply agreement for multi-layer ceramic capacitors (MLCC) from an undisclosed client, according to a Monday filing with the Korea Exchange.The contract, valued at 454 billion won, is valid till Dec. 31, 2027.Shares of Samsung Electro-Mechanics rose nearly 8% at market close.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:009150KRX:035420
South Korea Enlists Samsung, SK Hynix, Naver in Multitrillion-Won AI, Chip Investment Plan
US Markets

South Korea Enlists Samsung, SK Hynix, Naver in Multitrillion-Won AI, Chip Investment Plan

South Korea has announced plans to build semiconductor facilities and artificial intelligence (AI) data centers, enlisting chipmaker SK Hynix (KRX:000660), Samsung Electronics (KRX:005930) and internet firm Naver (KRX:035420).As part of the national strategy, a 550 trillion won project will be launched in cooperation with the government, SK, conglomerate GS Group and Naver to build an initial 8.4 gigawatt AI data center capacity by 2029.The government plans to expand this framework to 15GW by 2035 as part of its Phase 2 project with SK.SK Group announced its own 1,100 trillion won investment to establish a semiconductor production belt linking the cities of Yongin and Cheongju with the country's southwestern region, while its broader AI infrastructure push is projected to drive an additional 1,000 trillion won in investment.These initiatives align with SK's ongoing project in Ulsan, where it is building an AI data center in partnership with Amazon Web Services (AWS) that is slated to begin operations in 2027. Another next-generation AI data center is also planned in collaboration with Nvidia.Meanwhile, Samsung plans to invest 2,655 trillion won to develop advanced semiconductor clusters. These will be located at its Pyeongtaek Campus and the Yongin National Industrial Complex, as well as across the Honam, Chungcheong, and Yeongnam regions.Within the Honam region, Gwangju is being considered as a prime candidate for one of Samsung's major semiconductor hubs outside of the Seoul metropolitan area as the city offers attractive incentives.Samsung also plans to build a digital twin-based innovation hub factory for smart home appliances in Gwangju. Additionally, the company will invest 56 trillion won to build high-bandwidth memory fabs in Cheonan and Onyang.The plans are part of the government's goal for South Korea to become a global leader in physical AI by 2030. The government seeks to establish a comprehensive data management system, considering the next three years as a "golden time" to determine the trajectory of the country in the physical AI industry.

^KOSDAQKOSPIKRX:000660KRX:005930KRX:035420
Asia

Hyundai, Naver Partner on In-Vehicle AI Services

Hyundai Motor Group, the parent of Hyundai Motor (KRX:005380) and Kia (KRX:000270), will integrate Naver's (KRX:035420) services into its Pleos Connect infotainment system, Naver said in a release.Under the partnership, Naver's AI-powered services, including the Naver app, Naver Maps and Whale Browser, will be embedded in Pleos Connect and future software-defined vehicles (SDVs).Hyundai also unveiled the new Grandeur sedan and Avante compact sedan, both equipped with the Pleos Connect infotainment platform, the release said.Shares of Naver fell nearly 2% in recent trade, while those of Kia fell nearly 1%.

KRX:000270KRX:005380KRX:035420
Asia

Samsung, SK Group to Invest KRW3,755 Trillion in Future Tech, AI, Chip Clusters

Samsung Group and SK Group announced investment plans totaling 2,655 trillion won and 1,100 trillion won, respectively, to build regional semiconductor hubs and nationwide AI infrastructure, according to statements from the firms on Monday.Samsung Electronics (KRX:005930) plans to invest 2,030 trillion won in semiconductor clusters, which comprise the Pyeongtaek Campus and Yongin National Industrial Complex, while allocating 625 trillion won to projects in the Honam, Chungcheong and Yeongnam regions. These will focus on AI chips, robots, batteries, and IT components.Of that regional allocation, 425 trillion won will be concentrated in the Honam region, where Samsung Electronics will deploy 400 trillion won to build a new semiconductor fabrication plant and a digital-twin-based innovation hub in Gwangju.Meanwhile, chipmaker SK Hynix (KRX:000660) will invest 1,100 trillion won to build an AI memory production network across Yongin, Cheongju and southwestern Korea. The company aims to complete the fourth fab at its Yongin Semiconductor Cluster by 2033, 12 years ahead of schedule, with total investment in the semiconductor cluster expected to hit 600 trillion won.Alongside these corporate investments, South Korea unveiled a 550 trillion won joint private-public initiative involving internet firm Naver (KRX:035420) to build 8.4 gigawatts of AI data center capacity by 2029.Naver did not immediately respond to' request for comment.Shares of Samsung Electronics added nearly 2% in recent trade, while those of Naver fell over 1%, and those of SK Hynix declined marginally.

KRX:000660KRX:005930KRX:035420
Asia

Samsung, SK Group to Invest KRW3,755 Trillion in Future Tech, AI, Chip Clusters

Samsung Group and SK Group announced investment plans totaling 2,655 trillion won and 1,100 trillion won, respectively, to build regional semiconductor hubs and nationwide AI infrastructure, according to statements from the firms on Monday.Samsung Electronics (KRX:005930) plans to invest 2,030 trillion won in semiconductor clusters, which comprise the Pyeongtaek Campus and Yongin National Industrial Complex, while allocating 625 trillion won to projects in the Honam, Chungcheong and Yeongnam regions. These will focus on AI chips, robots, batteries, and IT components.Of that regional allocation, 425 trillion won will be concentrated in the Honam region, where Samsung Electronics will deploy 400 trillion won to build a new semiconductor fabrication plant and a digital-twin-based innovation hub in Gwangju.Meanwhile, chipmaker SK Hynix (KRX:000660) will invest 1,100 trillion won to build an AI memory production network across Yongin, Cheongju and southwestern Korea. The company aims to complete the fourth fab at its Yongin Semiconductor Cluster by 2033, 12 years ahead of schedule, with total investment in the semiconductor cluster expected to hit 600 trillion won.Alongside these corporate investments, South Korea unveiled a 550 trillion won joint private-public initiative involving internet firm Naver (KRX:035420) to build 8.4 gigawatts of AI data center capacity by 2029, Bloomberg reported Monday.Naver did not immediately respond to' request for comment.Shares of Samsung Electronics added nearly 2% in recent trade, while those of Naver fell over 1%, and those of SK Hynix declined marginally.

KRX:000660KRX:005930KRX:035420
Research

CLSA Starts Naver at Accumulate with KRW300,000 Price Target

Naver (KRX:035420) has an average rating of overweight and mean price target of 314,518.53 won, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

KRX:035420
Asia

Market Chatter: South Korea's President Vows to Raise Investment in Future Growth Sectors

South Korean President Lee Jae Myung announced plans to use excess tax revenues from the semiconductor sector to fund new growth industries, Bloomberg News reported Monday, citing a press conference marking Lee's first anniversary as president.The goal is to reduce the country's long-term reliance on microchips and build global competitiveness across other technology sectors, the report said.Highlighting this economic shift, President Lee nominated Han Seong-sook, the current Minister of SMEs and Startups and former CEO of internet company Naver (KRX:035420), as the country's next Prime Minister, according to the report.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

^KOSDAQKOSPIKRX:035420

Showing 1-20 of 26

Track with the FINWIRES app suite

FolioX
FolioX
Track KRX:035420 in your portfolio
WheelAI
WheelAI
Analyze KRX:035420 options with the wheel strategy
StockInsider
StockInsider
See market sentiment on KRX:035420