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Samsung Chairman’s Wealth Jumps to $12.9 Billion Amid Stock Rally Under New Korean Leadership

Samsung Chairman’s Wealth Jumps to $12.9 Billion Amid Stock Rally Under New Korean Leadership

(Photo=Samsung) Samsung Electronics Chairman Lee Jae-yong, better known internationally as Jay Y. Lee, has seen his fortune soar to $12.9 billion after a sharp rally in Samsung shares during the first 100 days of South Korea’s new administration under President Lee Jae-myung. The value of Lee’s holdings rose by $1.09 billion as Samsung Electronics stock jumped 27%, reflecting investor optimism

Sep 13 2025
10:00 AM PDT
UK Investment Minister Courts Hanwha and Lockheed Martin at London Defense Show

UK Investment Minister Courts Hanwha and Lockheed Martin at London Defense Show

(Photo=Jason Stockwood Linkedin) The UK’s new Investment Minister Jason Stockwood used one of the world’s largest defense exhibitions to signal Britain’s ambitions in the global defense and space race. During the DSEI 2025 show in London, Stockwood held talks with South Korea’s Hanwha Group and U.S. defense giant Lockheed Martin, marking his first publicly known engagement with the defense industry

Sep 12 2025
09:00 AM PDT
Samsung Display Bets Big on OLED as the Future of Mobility

Samsung Display Bets Big on OLED as the Future of Mobility

Photo=Samsung Display At IAA Mobility 2025 in Munich, Samsung Display laid out a bold vision: its OLED panels won’t just be screens inside cars — they’ll be the core platform for autonomous, software-defined vehicles. Lee Joo-hyung, EVP and head of Samsung Display’s small and medium business division, told the audience that OLED will be the key interface between people and

Sep 11 2025
11:00 AM PDT
Cyberattacks Rock South Korea’s Telecom Giants, Millions of Users at Risk

Cyberattacks Rock South Korea’s Telecom Giants, Millions of Users at Risk

Photo=Motionelements South Korea’s leading telecom providers—SK Telecom, KT, and LG Uplus—are under intense pressure after a wave of cyberattacks exposed millions of customers to fraud and data theft, raising concerns over national cybersecurity. SK Telecom suffered the most severe blow in April when hackers breached its systems, leaking personal data of approximately 23 million customers. Regulators responded with a record

Sep 11 2025
10:40 AM PDT
Hyundai Strikes Tentative Labor Deal With Union, Ending Rare Strike in South Korea

Hyundai Strikes Tentative Labor Deal With Union, Ending Rare Strike in South Korea

(Photo=Hyundai Motor Group) Hyundai Motor, South Korea’s largest automaker and a major global EV manufacturer, has reached a tentative agreement with its union that could bring an end to its first strike in seven years. The deal follows nearly three months of tense negotiations and comes at a time when the company faces growing challenges abroad, including rising U.S. tariffs

Sep 11 2025
10:00 AM PDT