Hyundai Motor will suspend its Asan factory in South Chungcheong for two days starting Sept. 9 due to an auto chip shortage.
Samsung Electronics will increase its range of memory chips capable of performing data processing functions, introducing some of the newest such products during Hot Chips 33 conference on Tuesday.
Tesla Korea has stopped selling its most popular car in Korea due to the lack of inventory.
Samsung Electronics reported a 73.44 percent surge in net profit during the second quarter as a solid performance in the semiconductor business balanced relative weakness in smartphones.
SK hynix reported a 57 percent rise in net profit to 1.99 trillion won in the second quarter on year on strong chip sales and a recovery in margins.
Hyundai Motor reported 1.98 trillion won in net profit in the second quarter, a whopping 425.5 percent jump from a year earlier thanks to recovery of the global auto market and sales of high-margin SUVs.
Samsung Electronics reported a preliminary 53.4 percent rise on year in quarterly operating profit as demand for chips balanced weakness in the mobile communications business.
The first rule of the auto market is that a car depreciates instantly when you drive it off the lot. In Korea, the rule no longer applies. Cars are appreciating after being purchased, and their value is holding. Kia K8 sedans cost 46 million won...
The first rule of the auto market is that a car depreciates instantly when you drive it off the lot.
Hyundai Motor, Korea's biggest carmaker by sales, said Monday it will suspend operations at its U.S. plant for three weeks due to lack of semiconductors and routine maintenance.