Korean retail investors continue dumping shares in recent days in part to avoid heavy taxes on stock gains.
Korea's trade minister told his U.S. counterpart that her department’s request that chipmakers provide detailed information on semiconductor sales and inventories should be a one-off.
Samsung Electronics and SK hynix submitted filings on their semiconductor businesses requested by the U.S. Department of Commerce, but left out sensitive customer information.
SK hynix reported third quarter net profit of 3.3 trillion won ($2.8 billion), a 205.5 percent jump on year, on strong memory chip prices.
Semiconductor manufacturers are striving to develop technology for the reuse of wastewater sludge that is a byproduct of the chip manufacturing process.
Foreign investors continued to offload Korean stocks for the seventh consecutive trading day on Wednesday, with selling concentrated on semiconductor shares.
Shares of the world’s two largest memory-chip makers - Samsung Electronics and SK hynix –are declining as brokerages and market trackers anticipate declining dynamic random access memory (DRAM) prices.
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.
Pay rises continue at Korea's big companies and IT firms.
High-tech products quietly wow us without the slightest hint of emissions. The reality is very different, and much more worrying.