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Asia

Daou Technology Strikes Colocation Data Center Deal With Naver Cloud; Shares Up 5%

Daou Technology (KRX:023590) signed a data center colocation service agreement with Naver (KRX:035420) subsidiary Naver Cloud, according to a Thursday filing with the Korea Exchange.The contract value was not disclosed due to confidentiality reasons and will be disclosed after the withholding period expires.The contract runs from June 23, 2027, to June 22, 2034, the filing stated.Shares of Daou Technology rose over 5% in recent trade.

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Asia

Taiwan's Hsinchu Government Picks Naver Cloud's Line Works as Official Collaboration Tool

Taiwan's Hsinchu administration has chosen Naver Cloud's business chat platform Line Works as its official collaboration tool, according to a Monday release.The partnership will be part of the city's initiatives for smart city implementation and AI adoption for its administrative systems, with the goal of improving citizen services.Since entering Taiwan 10 months ago, Line Works has attracted more than 10,000 users across about 150 companies and institutions, the release said.Naver Cloud is the cloud computing and AI subsidiary of Naver (KRX:035420).Shares of Naver rose more than 2% on Monday's close.

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Asia

Market Chatter: Naver to Shut Down Music Streaming Platform Vibe in November

Naver (KRX:035420) plans to shut down its music streaming platform Vibe, as the South Korean internet giant ramps up its business portfolio streamlining efforts in a bid to curb its underperforming or loss-making businesses, the Korea Times reported Monday.New subscriptions and payments on Vibe will be suspended from Nov. 27, the report said.Vibe struggled to gain pace, with monthly active users falling to 460,000 in June from about 1.5 million in 2023, the report said, citing Wiseapp Retail data.Naver shut down its conversational AI service Clova X and generative AI search service Cue in April, incorporating their technology and experience into newer search features such as AI Briefing and AI Tab. In 2025, Naver closed its creator platform Naver Post and website-building service Modoo, it said.Shares of Naver added over 2% in recent trade.(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.)

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Asia

Naver Cloud Consortium to Develop Domestic Cybersecurity-Focused AI Model

A consortium comprising Naver's (KRX:035420) wholly-owned subsidiary Naver Cloud was selected as the operator for the a domestic project regarding the development of specialized AI foundation models for the cybersecurity sectortor and will begin full-scale development, according to a Thursday release.To be precise, the consortium will carry out pre-training for the AI model by deploying 4,000 of its own graphics processing unit (GPU) before the official launch of the project, the release said.The structure includes an additional 4,000 B200 GPUs from Naver Cloud and 256 H200 GPUs from LG Corp. (KRX:003550), separate from the 256 GPUs supplied by the South Korean government, it said.Shares of Naver fell nearly 1% at market close.

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Asia

Market Chatter: Naver Union Members Demand Centralized Bargaining

Naver's (KRX:035420) unionized members have sought a centralized bargaining engagement with the company, which includes its affiliates, The Korean Times reported Thursday.The demands were pressed by 300 members with the South Korean internet portal operator at its office building in Gyeonggi Province in Seoul while criticizing the company for avoiding direct accountability as the parent company.(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.)

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Asia

Naver's Digital Twin Platform Selected as Saudi National Standard for Local Governments

Naver's (KRX:035420) cloud-based digital twin platform has been officially approved by Saudi Arabia's Digital Government Authority as the national standard platform for local governments, according to a statement on Thursday.Saudi's Ministry of Local Administration and Housing issued an official letter recommending Naver's platform for smart city initiatives, three years after the 2023 project award.The directive aims to prevent duplicate investments and unify technical standards and methodologies across local governments, linking various digital initiatives into a single national system.Saudi Arabia plans to transition urban planning, asset management, and safety operations to a data-driven model while sharing operational experience among municipalities.

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Asia

South Korea to Form KRW5 Trillion Chip Fund

South Korea plans to establish a 5 trillion won semiconductor fund to support chip materials, parts, equipment, and fabless companies, Presidential Chief of Staff Kang Hoon-sik announced at a press briefing on Monday.The government will also provide an additional 5 trillion won in trade finance for suppliers.The funding forms part of President Lee Jae Myung's broader semiconductor initiative, which targets over $576 billion in new chip manufacturing projects by Samsung Electronics (KRX:005930), SK Hynix (KRX:000660), Samsung Electro-Mechanics (KRX:009150), Samsung Display, Samsung SDI (KRX:006400), and Naver (KRX:035420).The government also plans to roll out a 10-year, 1 trillion won program to support cooperation between large firms and smaller suppliers in chip development, testing and mass production, according to the briefing.

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Asia

Naver's Q2 Attributable Profit Jumps 43%

Naver (KRX:035420) posted a 43% year-over-year jump in attributable profit to 698.6 billion won from 488.8 billion won for the second quarter, according to a Friday filing with the Korea Exchange.Revenue rose 16% to 3.389 trillion won from 2.915 trillion won for the three months ended June 30.Shares of Naver fell over 6% in recent trade.

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Asia

Naver Board Approves 130 Billion Won Investment in Affiliate Kream

Naver (KRX:035420) said its board approved a 130 billion won investment in its affiliate Kream Co. through a capital increase, acquiring 38,681 common shares in the second half of 2026.The company said that the investment will scale and fund business expansion, according to a Monday filing with the Korea Exchange.The investment will bring Naver's total contribution to Kream to about 180 billion won, including the latest investment.

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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.

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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.

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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.

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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%.

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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.

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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.

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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.)

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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.)

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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.

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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%.

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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.

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