South Korea

SK Hynix will invest ~$12.9B to build an advanced chip packaging plant in South Korea to meet rising memory chip demand, targeting completion by the end of 2027

South Korea's SK Hynix (000660.KS) said on Tuesday it has decided to invest 19 trillion won ($12.90 billion) …

a16z crypto expands to Asia, opens a Seoul office, hires Monad's Sungmo Park as its Asia head, and calls South Korea the world's second-largest crypto market

What to know: … A16z crypto, a venture capital fund of Andreessen Horowitz (a16z), said it is expanding into Asia …

Samsung, SK Group, and others announce billions in domestic investment after US-South Korea trade deal; Samsung plans to invest $310B and SK Group pledged $88B

Samsung Electronics and other major South Korean companies on Sunday announced fresh domestic investment plans at a meeting …

South Korea becomes Asia's best-performing stock market in H1 2025, as shares rise following President Lee Jae-myung's pledge to allow won-based stablecoins

New president's pledge to allow won-based stablecoins has led to huge gains in related shares this month

South Korea increases assistance to its chip industry by ~25% to $23.25B amid US tariffs and competition with China; the sector represents 21% of its exports

South Korea-based Wrtn, a free-to-use AI platform with 5M+ users aggregating LLMs like GPT-4, Stable Diffusion 3, and Claude 3, raised a $56M Series B extension

Yoolim Lee / Bloomberg :

PitchBook: China led Asia with 715 AI VC deals in 2024, totaling $7.3B, South Korea followed with 308 deals worth $1.8B, and India with 306 deals totaling $1.7B

Nikkei Asia :

LG CNS, an IT services affiliate of LG, made a weak debut in South Korea, falling ~10% to ~$38.44, cutting its market cap to $3.72B from $4.13B during the day

LG Corp., the holding company for LG Group, has a 45% stake in the company  —  LG CNS , an information-technology services affiliate …

Singapore-based Digital Edge, which operates 21 data centers in Japan, South Korea, India, and others, raised $1.6B+, including ~$640M in equity and $1B in debt

Yantoultra Ngui / Reuters :

South Korea says it will bolster its domestic chipmakers in 2025 with $10.2B in support including loans, citing potential economic uncertainty under Trump

Sam Kim / Bloomberg :