SK Telecom is splitting into two companies, one for telecom assets and the other for its wide range of other businesses and interests. The new entity will take the company’s interests in 11st, T Map Mobility, ADT Caps and SK hynix.
Executives of Samsung Electronics and SK hynix are asking for tax cuts of up to 50 percent for investments into chip facilities in a meeting with the industry minister.
SK hynix wants to open research and development units in the United States or Europe and is leaving the door open to more mergers and acquisitions.
Korea said Monday it has granted final approval to an SK hynix 120 trillion-won ($106 billion) project to build a new semiconductor complex, a move that could ease supply shortages in the global market.
SK hynix has begun mass-production of a mobile DRAM that offers the industry's largest capacity with enhanced data transmission speed.
Like Yoo, many retail investors are busy profit-taking from stock selling as Seoul's benchmark Kospi index continues to move up and down between 3,000 and 3,200.
SK hynix is overhauling its bonus payment system after employees expressed their dissatisfaction with incentive pay for 2020.
Chip engineers at Samsung Electronics and other major corporations have joined the protest against the annual bonus system after a rift at SK hynix erupted over the issue.
At an event celebrating the completion of SK hynix’s new chip plant on Monday, SK Chairman Chey Tae-won vowed to donate some of his annual salary to employees at the chipmaker.
A bird's-eye view of SK hynix's M16 plant in Icheon, Gyeonggi. The chipmaker completed the construction of the new plant on Tuesday.