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☆ Nvidia supplier SK Hynix reverses losses in first quarter on explosive AI demand
▼ + stars: | 2024-04-25 | by ( Sheila Chiang | In Sheilachiang | ) www.cnbc.com time to read: +2 min

SK Hynix Inc. signage at the company's office in Seongnam, South Korea, on Monday, April 22, 2024. SK Hynix is the world's second-largest memory chipmaker after Samsung Electronics and supplies high-bandwidth memory chips catering to AI chipsets for companies like Nvidia . The explosive demand for AI chipsets boosted the high-end memory chip market, hugely benefiting players like SK Hynix and Samsung Electronics. To meet AI memory demand, the firm said it plans to increase supply of HBM3E – the latest generation of high-bandwidth memory for AI. SK Hynix said it will also introduce 32GB Double Data Rate 5 products this year to strengthen its leadership in the high-capacity server DRAM market.

Persons: SeongJoon Cho Organizations: SK Hynix Inc, SK Hynix, Bloomberg, Getty Images, South Korean, Revenue, Samsung Electronics, Nvidia Locations: Seongnam, South Korea, HBM3E

☆ Feeling older than you are? It could be how you sleep
▼ + stars: | 2024-03-26 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +5 min

CNN —Not getting enough sleep may cause you to feel five to 10 years older than you really are, according to two new studies. A lack of energy and motivation can certainly contribute to feeling older while limiting a person’s ability to remain physically and socially active, both of which contribute to feeling young, Balter said. For every night of poor sleep during that time, people reported feeling about a quarter of a year older than their chronological age. “These findings support that sleep, a vital biological phenomenon, might hold the key to feeling young,” Balter and her colleagues wrote in the study. “If you suspect that your sleep deprivation is due to a sleep disorder such as insomnia or sleep apnea, it’s crucial to seek evaluation and treatment from a healthcare professional,” he said.

Persons: CNN —, “, ” Leonie Balter, Balter, ”, Chang, Ho Yun, ” Yun, It’s, ” Balter, Sleepiness, chronotype, Yun Organizations: CNN, Stockholm University, Royal Society, Seoul National University, Getty Locations: Sweden, Seongnam, South Korea

☆ 'Squid Game' actor found guilty of sexual misconduct for inappropriately touching a woman
▼ + stars: | 2024-03-16 | by ( Eve Crosbie | ) www.businessinsider.com time to read: +2 min

Read preview"Squid Game" actor Oh Young-soo was convicted of sexual misconduct by a South Korean court on Friday. A district court judge in Seongnam, near the South Korean capital Seoul, ruled that Oh was guilty of inappropriate behavior with a female actor in 2017, The New York Times reported. Lee Jung-jae as Seong Gi-hun and Oh Young-soo as Oh Il-nam in "Squid Game" season one. Aside from his role in "Squid Game," Oh has appeared in more than 200 plays since the late 1960s, but the court case has impacted his career, The Times reported. The actor has not been named among the actors returning for season two of "Squid Game," which will be released later this year.

Persons: —, Oh Young, soo, Oh, Golden, Lee Jung, jae, Seong, Noh Juhan, Gilbert Flores Organizations: Service, The New York Times, Netflix, Business, Golden Globe, Netflix Prosecutors, The Times, JTBC, Times Locations: Seongnam, Seoul, Korean

☆ ‘Squid Game’ Actor Found Guilty of Sexual Misconduct
▼ + stars: | 2024-03-15 | by ( John Yoon | ) www.nytimes.com time to read: 1 min

A South Korean court on Friday found Oh Young-soo, an actor who won a Golden Globe for his portrayal of a contestant in the Netflix survival drama “Squid Game,” guilty of indecent assault. Mr. Oh, 79, was given an eight-month suspended sentence and ordered to attend 40 hours of classes on sexual violence. The verdict and sentencing were announced on Friday at a district court in Seongnam, a city southeast of Seoul. Mr. Oh had publicly denied the charge. Prosecutors charged Mr. Oh in 2022 after an actress filed a complaint accusing him of inappropriately touching her while the two were on tour for a play in 2017.

Persons: ” Organizations: Globe, Netflix Locations: Seongnam, Seoul

☆ Playing with dogs may help you relax and focus, study finds
▼ + stars: | 2024-03-13 | by ( Kristen Rogers | ) edition.cnn.com time to read: +7 min

CNN —If you decompress by playing with dogs or checking their adorable videos on social media, you might be onto something. Playing with your dog may not just be good for your pet — it could also benefit your emotional health, according to a new study. The authors measured participants’ brain waves, using electroencephalogram tests, or EEGs, for three minutes during each activity. Different activities had varying effects on participants’ brain waves. Grooming, playing and gently massaging the dog was linked with strengthened beta-band oscillation, which is associated with heightened attention and concentration.

Persons: ”, Onyoo Yoo, Yoo, ” Yoo, Colleen Dell, Dell, wasn’t, Tiffany Braley, Garrett, Braley, you’re Organizations: CNN, Goodboy, Wellness, University of Saskatchewan, Neurology, University of Michigan Locations: Seoul, Seongnam, South Korea, Canada

☆ Pritzker Prize 2024: Japanese housing pioneer Riken Yamamoto wins ‘Nobel of architecture’
▼ + stars: | 2024-03-05 | by ( Oscar Holland | ) edition.cnn.com time to read: +8 min

Calmness leads to splendor.”Across a five-decade career, Yamamoto has dedicated himself to fostering community in Japan’s rapidly expanding cities. After designing a succession of private homes in his early career, Yamamoto completed his first social housing project, in the coastal city of Kumamoto, in 1991. The central public space has no gates and can only be reached by passing through the housing blocks, a scheme designed to increase the likelihood of chance encounters. Completed in 1991, Hotakubo Housing in Kumamoto, Japan, was Yamamoto’s first social housing project. The Japanese architect will be awarded with $100,000 and a bronze medallion.

Persons: Riken Yamamoto, Yamamoto, Alejandro Aravena, Pritzker, Kenzo Tange, ” Yamamoto, “, ”, Philip Johnson, ’ “, David Chipperfield, Francis Kéré Organizations: CNN, Pritzker, Hotakubo, Saitama Prefectural University, Future University, Des, Des Moines Public Library, Neues Locations: Japan, Japan’s, Shinonome, Tokyo, Africa, America, metropolises, Yokohama, Tosu, Kumamoto, Seongnam, South Korea, Hiroshima, Koshigaya, Hakodate, Europe, Edo, Nishi, China, Switzerland, British, Des Moines, Iowa, Berlin

☆ South Korean city turns to matchmaking to boost low birth rates
▼ + stars: | 2023-11-27 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +3 min

They were participants at a mass blind-dating event hosted by Seongnam city, an attempt by the local government to reverse a falling birth rate in a country where the popularity of marriage and enthusiasm towards parenthood have nosedived. Jung Jae-hoon, a professor at the department of social welfare at Seoul Women's University, said it was "nonsense" to expect these events to lead to higher birth rates. "You need to spend more money directly on supporting pregnancy, child delivery and parenting to call it a policy to boost birth rates," Jung said. Despite criticism, thousands of people have signed up for this year's blind-dating events arranged by the Seongnam city. "Low birth rates cannot be resolved with a single policy," Shin said.

Persons: Lee Yu, Hwang Da, Hwang, Jung Jae, Jung, Shin Sang, Shin, It's, Soo, hyang Choi, Daewoung Kim, Josh Smith, Stephen Coates Organizations: Seongnam, Organisation for Economic Co, Development, Seoul Women's University, Minwoo, Thomson Locations: SEONGNAM, South Korea, Seoul, Korean, United States, Japan, Seongnam

The logo of SK Hynix is seen at its headquarters in Seongnam, South Korea, April 25, 2016. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Oct 26 (Reuters) - South Korea's SK Hynix (000660.KS) said a boom in artificial intelligence will drive chip profits after posting a sharply narrower third quarter loss than it did in the previous quarter. SK Hynix said it swung to a 1.8 trillion won ($1.33 billion) third-quarter operating loss from a profit of 1.7 trillion won a year earlier. It was its fourth consecutive quarterly loss, but improved from a trough of a 3.4 trillion won loss in the first quarter and a 2.9 trillion won loss in the second quarter. SK Hynix was ahead of rivals in developing HBM3 chips and securing AI-chip leader Nvidia (NVDA.O) as a client.

Persons: Kim Hong, chipmaker, SK Hynix, LSEG SmartEstimate, 1,351.6200, Joyce Lee, Heekyong Yang, Shri Navaratnam, Jamie Freed Organizations: SK Hynix, REUTERS, Rights, Korea's SK Hynix, SK, Revenue, Samsung Electronics, Analysts, SK Hynix's, Nvidia, Thomson Locations: Seongnam, South Korea, Rights SEOUL, KS

☆ South Korea to hold largest defence show in bid to boost global sales
▼ + stars: | 2023-10-16 | by ( Josh Smith | ) www.reuters.com time to read: +3 min

[1/3] South Korea's K-2 tank is displayed at the 2023 Seoul International Aerospace and Defense Exhibition (ADEX) in Seongnam, South Korea, October 16, 2023. REUTERS/Josh Smith Acquire Licensing RightsSEONGNAM, South Korea, Oct 16 (Reuters) - South Korea will kick off its largest-ever defence exhibition this week, as the country seeks to turbocharge its arms sales and showcase a rare appearance by a U.S. nuclear-capable bomber. "This is an opportunity for Korea's defence industry to draw international attention and take a giant leap forward," Lee said. At a South Korean military airbase south of Seoul on Monday, exhibitors made final preparations as participants in early events wandered among South Korean and U.S. military vehicles and warplanes on the tarmac, including advanced American stealth F-22 and F-35 aircraft. Under Yoon, South Korea and the United States have stepped up displays of strength, particularly U.S. nuclear-capable assets, in an effort to deter North Korea.

Persons: Josh Smith, Lee Jong, Lee, Yoon Suk Yeol, Charles Cameron, Yoon Organizations: Aerospace, Defense, REUTERS, Rights, U.S, Seoul International Aerospace, South, South Korean, U.S . Air Force, Thomson Locations: Seongnam, South Korea, Rights SEONGNAM, Seoul, U.S, Poland, South Korean, American, United States, North Korea, South, Korean, Ukraine

☆ South Korea to Hold Largest Defence Show in Bid to Boost Global Sales
▼ + stars: | 2023-10-15 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

By Josh SmithSEONGNAM, South Korea (Reuters) - South Korea will kick off its largest-ever defence exhibition this week, as the country seeks to turbocharge its arms sales and showcase a rare appearance by a U.S. nuclear-capable bomber. "This is an opportunity for Korea's defence industry to draw international attention and take a giant leap forward," Lee said. South Korea has been roughly ninth in the world for defence exports in recent years, but President Yoon Suk Yeol has called for it to improve. At a South Korean military airbase south of Seoul on Monday, exhibitors made final preparations as participants in early events wandered among South Korean and U.S. military vehicles and warplanes on the tarmac, including advanced American stealth F-22 and F-35 aircraft. Under Yoon, South Korea and the United States have stepped up displays of strength, particularly U.S. nuclear-capable assets, in an effort to deter North Korea.

Persons: Josh Smith, Lee Jong, Lee, Yoon Suk Yeol, Charles Cameron, Yoon Organizations: Reuters, U.S, Seoul International Aerospace, Defense, South, South Korean, U.S . Air Force Locations: Josh Smith SEONGNAM, South Korea, Seoul, U.S, Poland, South Korean, American, United States, North Korea, South, Korean, Ukraine

☆ South Korea opposition leader avoids jail after court rejects warrant
▼ + stars: | 2023-09-27 | by ( Hyunsu Yim | ) www.reuters.com time to read: +2 min

Lee Jae-myung, leader of South Korea's Democratic Party, speaks at campaign rally PHOTO:while campaigning for the presidential election in Seoul, South Korea March 8, 2022. The Seoul Central District Court ruled against prosecutors who sought Democratic Party leader Lee Jae-myung's arrest, saying there were insufficient grounds to support their argument that he may try to destroy evidence. Lee welcomed the decision and thanked the court as he walked out of a holding centre soon after the ruling, which came well after midnight. Lee had narrowly lost to conservative Yoon, a career prosecutor, in the presidential election last year. Some members of Lee's party joined the conservative ruling party in voting last week to lift Lee's immunity from arrest as a member of parliament, drawing criticism within the party.

Persons: Lee Jae, myung, Kim Hong, Lee, Han Dong, hoon, Yoon Suk, Yoon, Hyunsu Yim, hyang Choi, Jack Kim, Gerry Doyle Organizations: South Korea's Democratic Party, REUTERS, Rights, Seoul Central, Court, Democratic Party, Thomson Locations: Seoul, South Korea, Rights SEOUL, Japan, North Korea, Gyeonggi Province, Seongnam

☆ South Korea holds rare military parade, warns North over nuclear threat
▼ + stars: | 2023-09-26 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +3 min

SEOUL, Sept 26 (Reuters) - South Korea kicked off its first large-scale military parade in a decade on Tuesday, with weapons ranging from ballistic missiles to attack helicopters due to roll through Seoul in a show of force as it takes a tougher stance against North Korea. "If North Korea uses nuclear weapons, its regime will be brought to an end by an overwhelming response from the ROK-U.S. alliance," Yoon said while addressing troops in the rain. South Korea last held a military street parade in 2013. The event will also feature a joint flyover by South Korean and U.S. military aircraft to demonstrate an "upgraded" combined defence posture, the ministry said. Yoon has said that if Russia helped North Korea enhance its weapons programs in return for assistance for its war in Ukraine, it would be "a direct provocation".

Persons: Kim Jong, Yoon Suk Yeol, Yoon, Hyunmoo, Kim Jong Un, Vladimir Putin, Soo, hyang Choi, Hyunsu Yim, Jack Kim, Gerry Doyle Organizations: North, country's Armed Forces, Seoul Air Base, ROK, Defence Ministry, The Armed Forces, SAM, KF, South Korean, Thomson Locations: SEOUL, South Korea, Seoul, North Korea, Pyongyang, Korea, South, Seoul . South Korea, Washington, Tokyo, Seongnam, U.S, Russia, Ukraine

☆ South Korea opposition leader ends 24-day hunger strike
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

Lee Jae-myung, leader of South Korea's Democratic Party, speaks at campaign rally while campaigning for the presidential election in Seoul, South Korea March 8, 2022. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Sept 23 (Reuters) - South Korea's opposition leader ended a 24-day hunger strike on Saturday, a party spokesperson said, two days after parliament voted to let prosecutors serve an arrest warrant against him for alleged bribery. Lee Jae-myung, leader of the Democratic Party of Korea, will maintain a schedule including court attendance while hospitalised for the time being, the spokesman told reporters. Lee, who lost South Korea's presidential election to conservative Yoon Suk Yeol last year, has denied wrongdoing, calling the allegations "fiction" and a "political conspiracy". South Korea is to hold parliamentary elections in April.

Persons: Lee Jae, myung, Kim Hong, Lee, . Lee, Yoon Suk Yeol, Joyce Lee, William Mallard Organizations: South Korea's Democratic Party, REUTERS, Rights, Democratic Party of Korea, Prosecutors, South, Police, Gyeonggi Nambu Provincial Police, Thomson Locations: Seoul, South Korea, Rights SEOUL, North Korea, Gyeonggi Province, Seongnam, ., Lee's

☆ South Korea lawmakers vote to pave way for opposition leader's arrest
▼ + stars: | 2023-09-21 | by ( Hyunsu Yim | ) www.reuters.com time to read: +3 min

Lee Jae-myung, leader of South Korea's Democratic Party, speaks at campaign rally while campaigning for the presidential election in Seoul, South Korea March 8, 2022. The vote means Democratic Party leader Lee Jae-myung will face court to contest his arrest over the charges. Members of parliament have immunity against arrest when the assembly is in session unless its members vote to rescind it with a simple majority. Lee's Democratic Party holds 167 seats in the 297-member parliament. President Yoon is currently in New York to attend the United Nations General Assembly.

Persons: Lee Jae, myung, Kim Hong, Han, Han Duck, Yoon Suk Yeol, Democratic Party's Lee, Lee, Yoon, Hyunsu Yim, Jason Neely Organizations: South Korea's Democratic Party, REUTERS, Democratic Party, Democratic, United Nations General Assembly, Thomson Locations: Seoul, South Korea, SEOUL, North Korea, Gyeonggi Province, Seongnam, New York, Korea's

☆ S. Korea opposition leader hospitalised after hunger strike, prosecutors seek arrest
▼ + stars: | 2023-09-18 | by ( Soo-Hyang Choi | ) www.reuters.com time to read: +2 min

Lee Jae-myung, leader of South Korea's Democratic Party, speaks at campaign rally while campaigning for the presidential election in Seoul, South Korea March 8, 2022. REUTERS/Kim Hong-Ji/File Photo Acquire Licensing RightsSEOUL, Sept 18 (Reuters) - South Korea's main opposition leader was hospitalised on Monday, days into a hunger strike in protest against government policies, while prosecutors sought an arrest warrant for him over corruption allegations. Hours after Lee was transferred to a hospital, prosecutors said they had requested an arrest warrant for him as part of an investigation into a development project and bribery allegations. Prosecutors also accused Lee of bribery in connection with a company suspected of $8 million in illegal money transfers to North Korea. Parliament rejected their previous request for an arrest warrant in February.

Persons: Lee Jae, myung, Kim Hong, Kim Gi, Lee, Prosecutors, Yoon Suk, 1,327.4000, Soo, hyang Choi, Hyonhee Shin, Gerry Doyle Organizations: South Korea's Democratic Party, REUTERS, Rights, Democratic Party of Korea, National Assembly, Power Party, Seongnam Development Corporation, Thomson Locations: Seoul, South Korea, Rights SEOUL, Seongnam, North Korea

☆ S. Korea Opposition Leader Hospitalised After Hunger Strike, Prosecutors Seek Arrest
▼ + stars: | 2023-09-17 | by ( Sept. | At P.M. | ) www.usnews.com time to read: +2 min

By Soo-hyang ChoiSEOUL (Reuters) - South Korea's main opposition leader was hospitalised on Monday, days into a hunger strike in protest against government policies, while prosecutors sought an arrest warrant for him over corruption allegations. Hours after Lee was transferred to a hospital, prosecutors said they had requested an arrest warrant for him as part of an investigation into a development project and bribery allegations. Prosecutors also accused Lee of bribery in connection with a company suspected of $8 million in illegal money transfers to North Korea. A Seoul court needs the 300-member parliament, where the Democrats hold a majority, to waive Lee's immunity from arrest to review the prosecution's request. Parliament rejected their previous request for an arrest warrant in February.

Persons: hyang Choi SEOUL, Lee Jae, myung, Kim Gi, Lee, Prosecutors, Yoon Suk, 1,327.4000, Soo, hyang Choi, Hyonhee Shin, Gerry Doyle Organizations: Democratic Party of Korea, National Assembly, Power Party, Seongnam Development Corporation Locations: Seoul, Seongnam, North Korea

☆ South Korea's Naver launches generative AI services
▼ + stars: | 2023-08-24 | by ( Ju-Min Park | ) www.reuters.com time to read: +2 min

Naver said its AI product, named HyperCLOVA X, will provide generative AI-driven searches for users as well as new customised services for enterprise clients. Naver has said it is jointly developing with Samsung Electronics (005930.KS) new chip solutions that will be smaller and more efficient to support its AI technology development. The company plans to open a new data centre for the HyperCLOVA X services in November, Naver said on Thursday. "We are ready to face a new transformation called generative AI," Naver Chief Executive Choi Soo-yeon said. Choi said the company was in talks with global partners about its new AI services' overseas expansion but it was not ready to identify those partners.

Persons: Heo, OpenAI's ChatGPT, Naver, HyperCLOVA, Choi Soo, Choi, Miyoung Kim, Sam Holmes Organizations: REUTERS, Rights, Samsung Electronics, Microsoft, Google, U.S, Thomson Locations: Seongnam, South Korea, Rights SEOUL, Seoul, Japan, Southeast Asia

Rescue workers are seen at a scene where, according to media reports, nine people have been stabbed and four others hurt by a car driven by the suspected attacker in Seongnam, South Korea, August 3, 2023. The unexplained rampage came days after another rare stabbing attack in Seoul which killed one person and wounded three others. "I've been telling my families and friends to stay home," a 31-year-old Seoul resident said. Police Commissioner General Yoon Hee-keun on Thursday warned South Koreans to be on guard for such attacks and told officials to be vigilant. Experts said there was a risk similar crimes could follow, and urged authorities to swiftly analyse patterns in recent rampage crimes to come up with countermeasures.

Persons: I've, Lee Young, Choi Jun, Choi, Yoon Suk, Yoon Hee, Kim, Soo, hyang Choi, Ed Davies, Lincoln Organizations: Yonhap, REUTERS, Reuters, Police, South, Kyungnam University, Thomson Locations: Seongnam, South Korea, REUTERS SEONGNAM, Seoul, Minwoo

☆ 14 Injured in Stabbing and Car Rampage Near Seoul
▼ + stars: | 2023-08-03 | by ( John Yoon | More About John Yoon | ) www.nytimes.com time to read: 1 min

The police in Seongnam did not respond to phone calls seeking details about the incident and the suspect or suspects. Stabbings and car rampages are rare in South Korea. But the incident on Thursday shocked the nation less than a month after another stabbing at a subway station in Seoul left one person dead, three others injured and the public questioning its sense of safety. The Seoul police identified the suspect in that attack as Cho Sun, 33, and arrested him on charges of murder and attempted murder, as well as theft and fraud. “We hope that the full range of possible punishments, including imprisonment, will be applied.”

Persons: Cho Sun, Yoon Hee Keun, ”, ” Mr, Yoon Organizations: National Police Agency Locations: Seongnam, South Korea, Seoul

[1/3] A policeman stands next to a scene where, according to media reports, nine people have been stabbed and four others hurt by a car driven by the suspected attacker in Seongnam, South Korea, August 3, 2023. Yonhap via REUTERSSEOUL, Aug 4 (Reuters) - A man in a South Korean commuter town rammed his car into passers-by on Thursday then got out and stabbed some, wounding 14 people in the incident near the capital Seoul, police said. The unexplained attack in Seongnam came days after another rare stabbing attack in South Korea which killed one person and wounded three others. Media reports described him as a man in his 20s with a delivery job and suffering from some mental health issues. Police and firefighting officials said by telephone on Friday that 14 people had been hurt in the incident - nine stabbed and five hit by the car.

Persons: Yoon Hee, Hyonhee Shin, Choi, Andrwe Cawthorne, Ed Davies Organizations: Yonhap, REUTERS, Police, Media, Reuters, South, Thomson Locations: Seongnam, South Korea, REUTERS SEOUL, Korean, Seoul, Seohyeon

☆ Thirteen hurt in South Korea stabbing incident near Seoul -police
▼ + stars: | 2023-08-03 | by ( ) www.reuters.com time to read: 1 min

SEOUL, Aug 3 (Reuters) - Nine people have been stabbed and four others hurt by a car driven by the suspected attacker on Thursday in the South Korean commuter town of Seongnam near the capital Seoul, police said. One person has been arrested, police said in a statement. The attack occurred near Seohyeon station, an area about 20 km (12.43 miles) from Seoul that has a large department store and other shops and where many commuters live. The incident comes just days after another rare stabbing attack in Seoul in which one person was killed and three others wounded. Reporting by Hyonhee Shin Editing by Ed Davies and Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Persons: Hyonhee Shin, Ed Davies, Bernadette Baum Organizations: South Korean, Police, Thomson Locations: SEOUL, Seongnam, Seoul, Seohyeon

☆ South Korea shoppers buy up salt before Japan's Fukushima water dump
▼ + stars: | 2023-06-29 | by ( Hyun Young Yi | ) www.reuters.com time to read: +3 min

[1/5] Lee Young-Min and her children pose for photographs during an interview with Reuters in Seongnam, South Korea, June 28, 2023. The release of the water from huge storage tanks into the Pacific is expected soon though no date has been set. The rush to stock up contributed to a nearly 27% rise in the price of salt in South Korea in June from two months ago, though officials say the weather and lower production were also to blame. South Korean fisheries authorities say they will keep a close eye on salt farms for any rise in radioactivity. South Korea has banned seafood from the waters near Fukushima, on Japan's east coast.

Persons: Lee Young, Min, Kim SEOUL, Song Sang, keun, Japan's, Hirokazu Matsuno, Kim Myung, Hyun Young Yi, Jack Kim, Robert Birsel Organizations: Reuters, REUTERS, Fisheries, ., Thomson Locations: Seongnam, South Korea, Japan, Tokyo, Seoul, Korea, Fukushima, Japan's, China

☆ SK Hynix reports record quarterly operating loss, but expects rebound later this year
▼ + stars: | 2023-04-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +3 min

In this article .FKRX300 Follow your favorite stocks CREATE FREE ACCOUNTwatch nowSouth Korean chipmaker SK Hynix has reported a record quarterly operating loss of 3.4 trillion won ($2.54 billion) for the first quarter of the year. This is a reversal from the 2.84 trillion won operating profit in the same period last year, and a larger loss from the the 1.89 trillion won operating loss the previous quarter. Employees stand in front of the SK Hynix Inc. logo displayed at the company's office in Seongnam, South Korea, on Monday, July 24, 2017. Shares of SK Hynix were higher by 1.75% in afternoon trade after surging as much as 3.5% earlier Wednesday. "We expect revenues to rebound in the second quarter after bottoming out in the first, driven by a gradual increase in sales volume," SK Hynix also said.

It plans to offer SM shareholders 150,000 won ($115) per share. The artists are represented by SM Entertainment, which is currently in the midst of several shareholder disputes. Kakao and its Kakao Entertainment unit already currently hold 4.9% of SM, the company told CNN in a statement Tuesday. Kakao’s gambleKakao is pressing forward nonetheless, inviting SM shareholders to accept its tender offer, which ends on March 26. Its shares closed 3% lower in Seoul on Tuesday, while SM’s shares soared 15%.

☆ South Korean prosecutors seek to arrest opposition leader in graft probe
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +1 min

SEOUL, Feb 16 (Reuters) - South Korean prosecutors on Thursday requested an arrest warrant for the head of the main opposition Democratic Party, Lee Jae-myung, in an investigation into development projects and bribery allegations. Lee, who was mayor of the city south of Seoul from 2010 to 2018, has denied any wrongdoing. The Democratic Party denounced prosecutors' move, calling it an "unprecedented act of violence to incapacitate the opposition party and eliminate the president's political enemy." Lee lost to President Yoon Suk-yeol, a former prosecutor-general, in the March presidential election by a margin of just 0.7%. ($1 = 1,281.3900 won)Reporting by Soo-hyang Choi and Hyonhee Shin; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

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