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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.

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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.

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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.

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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%.

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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.

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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.

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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.)

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Asia

Naver to Build Gigawatt-Scale AI Infrastructure with Nvidia Platform

Naver (KRX:035420) plans to expand its artificial intelligence infrastructure using Nvidia's technology, starting with a 55-megawatt deployment at its GAK Sejong data center in South Korea, according to a Sunday press release.The company said it aims to scale the infrastructure to gigawatt capacity to support enterprises, industries, government agencies and AI cloud customers.Naver plans to deploy Nvidia's full-stack AI platforms, software and models to develop next-generation HyperCLOVA X models, AI agents and its Seoul World Model project, according to the statement.

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Nvidia Strikes Partnerships With South Korea's SK Hynix, SK Telecom, Naver
US Markets

Nvidia Strikes Partnerships With South Korea's SK Hynix, SK Telecom, Naver

Nvidia has signed a trio of technology partnerships with South Korean tech companies SK Hynix (KRX:000660), SK Telecom (KRX:017670) and Naver (KRX:035420), according to press releases from the US chip giant on Sunday.The partnerships position South Korea as a major hub for Nvidia's AI infrastructure.Under a new multiyear hardware agreement, Nvidia and SK Hynix will co-develop advanced memory for Nvidia's AI supercomputers, including its upcoming Vera Rubin platform.The new Vera CPU, which handles central processing workloads for the Rubin architecture, is currently in full production. Nvidia CEO Jensen Huang told Bloomberg News that systems built on the new architecture are scheduled to begin shipping in the third quarter.The collaboration will also focus on producing custom memory for Nvidia's Jetson Thor robotic computing platforms.As part of the deal, the South Korean chipmaker, a rival to Samsung Electronics (KRX:005930) and Micron Technology, gains access to Nvidia software suites like PhysicsNeMo and Omniverse. SK Hynix plans to integrate these tools into its in-house simulation codes and 3D visualizations to build "digital twins" of its manufacturing facilities, optimizing autonomous fab operations and the movement of mobile robots.Nvidia has also partnered with SK Telecom to deploy the full-stack Nvidia DSX platform.The agreement aims to build a gigawatt-scale AI Cloud in South Korea, with the first AI data center scheduled to go online by 2027. This infrastructure will provide GPU-based cloud computing tailored to support sovereign, physical, and agentic AI workloads for enterprises across Korea, with plans to expand to Asia."Telecom networks are becoming national AI infrastructure," said Huang. "They connect people, companies, devices and machines - and now they can become the backbone of new AI clouds."Separately, Nvidia also teamed up with Naver to expand sovereign AI infrastructure, starting at 55 megawatts with plans to move to gigawatt scale using the DSX platform.Naver will leverage Nvidia's open model Nemotron 3 Ultra to further scale its HyperCLOVA X model for enterprise use.Naver will also deploy the Nvidia Cosmos platform to accelerate its "Seoul World Model," which uses real-world Korean spatial data to train autonomous driving systems.While the exact financial terms of these collaborations were not disclosed, Reuters reported that the hardware partnership with SK Hynix will run for at least two years, with an option to extend, following high-profile meetings between Jensen Huang, SK Group Chairman Chey Tae-won, and Naver founder Lee Hae-jin.In Seoul trading at midday on Monday, SK Hynix's shares fell nearly 2%, Naver jumped almost 14%, while SK Telecom rose nearly 7%.

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Asia

South Korea's President Lee Proposes Former Naver Chief Han Seong-sook as New Prime Minister

South Korean President Lee Jae Myung has nominated Han Seongsook, the Minister of SMEs and Startups and former chief executive of internet company ​Naver (KRX:035420), as the country's next prime minister, the presidential office said Sunday.If confirmed by parliament, Han would become the country's first female prime minister in two decades, Reuters said in a same-day report.

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Asia

Market Chatter: Uber, Naver Submit KRW8 Trillion Bid for Baedal Minjok Stake

California-headquartered cab-hailing services provider Uber and South Korean internet company Naver formed an 80-20 consortium to submit a preliminary bid of up to 8 trillion won for Delivery Hero's stake in Baedal Minjok, Seoul Economic Daily reported Tuesday.Naver's stake is capped at 19.9% to avoid business combination filing obligations under the Fair Trade Act, which are applicable when a large corporate group takes over 20% or more of a firm's shares, the report said.Delivery Hero, the Germany-based food-delivery company, confirmed the transaction, saying Uber now owns 19.5% of the former's issued capital, with a further 5.6% in options, in a press release issued Monday.(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:035420
Hana Bank to Buy 6.55% Stake in South Korean Crypto Operator Dunamu For 1 Trillion Won
Asia

Hana Bank to Buy 6.55% Stake in South Korean Crypto Operator Dunamu For 1 Trillion Won

Hana Bank will acquire a 6.55% stake in Dunamu, the operator of South Korea's largest cryptocurrency exchange, for about 1 trillion won as part of efforts to strengthen its digital finance capabilities.The lender will purchase 2.284 million existing Dunamu shares in a cash transaction from Kakao Investment, according to a Friday Korea Exchange filing by parent Hana Financial Group (KRX:086790).Dunamu is an affiliate of South Korean internet company Kakao (KRX:035720), which confirmed the transaction in a separate filing on Friday.The acquisition is scheduled to close on June 15.Dunamu operates cryptocurrency exchange Upbit alongside trading platform and information service businesses in South Korea.Hana Bank described the acquisition as a "strategic equity investment to secure new finance competitiveness."South Korea is one of the world's most active cryptocurrency markets, dominated by five major spot exchanges, including Upbit, Bithumb, Coinone, Korbit, and Gopax.Upbit and Bithumb together account for nearly 96% of the country's cryptocurrency trading volume, according to crypto market data and analytics provider Kaiko.The investment comes amid a Chosun report that the value of virtual assets held by South Korean investors fell by more than 60 trillion won in just over a year as funds shifted into domestic and overseas equity markets following weakness in cryptocurrency prices, including Bitcoin.Citing data submitted by the Bank of Korea to lawmaker Cha Kyu-keun, the report said the total value of virtual assets held domestically stood at 60.6 trillion won at the end of February.Naver's (KRX:035420) financial unit agreed in 2025 to acquire Dunamu in an all-stock deal valued at 15.13 trillion won, in what was among Asia's largest fintech transactions that year.Naver Financial said the acquisition was aimed at securing future growth opportunities tied to digital assets.The South Korean internet giant also plans to pursue an initial public offering of Naver Financial after the share-swap deal is completed, though key details remain unsettled.South Korea is also considering a framework to allow the local issuance of won-denominated stablecoins, though legislation has faced delays amid disagreements over eligibility requirements and regulatory oversight.

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Research

Nomura Downgrades Naver to Neutral From Buy, Adjusts Price Target to KRW240,000 From KRW300,000

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