Samsung Electronics Faces Employee Discontent Over Performance Bonuses Samsung Electronics is facing escalating discontent among employees in its Device Experience (DX) division regarding performance bonuses. Despite an official apology from DX head Noh Tae-moon, discussions about a potential spin-off have emerged as tensions remain high.On May 28, an anonymous post on a Samsung Electronics community called for the formal establishment of a committee to pursue the spin-off of the DX division, attracting significant attention. More than 1,100 employees have participated in a vote supporting the spin-off and sale of the division.The compensation structure for DX executives has become a new point of contention. Samsung executives receive long-term incentives (LTI) in addition to the excess profit performance bonuses (OPI) distributed by individual divisions. The LTI, which can reach up to 300% of their salary based on the company's overall performance and stock price over the previous three years, is awarded to executives with over three years of service. Senior executives receive more than 50%, vice presidents over 70%, and presidents over 80% of their LTIs in company stock.This structure has drawn criticism from regular employees in the DX division, who argue that they bear the brunt of poor business performance. One employee stated, "Why should only the staff bear the responsibility for poor performance?"In fact, Noh received 22,679 shares of company stock as part of his LTI last July, valued at approximately 1.596 billion won based on the closing price of 70,400 won on the payment date. This was the largest amount among the 19 eligible executives. Choi Won-jun, head of the Mobile Experience (MX) division, received 473.22 million won (6,722 shares), while Yong Seok-woo, Noh's assistant, received 209.7 million won (2,869 shares).A DX employee expressed frustration, saying, "Executives can secure multi-million won rewards through LTIs even if their OPIs are zero. Ultimately, only the employees are being sacrificed."Although Noh issued an apology to address internal dissent, he is struggling to quell public sentiment. In an official message following the finalization of the labor wage agreement, he acknowledged that many employees likely felt alienated and deprived, expressing awareness of the serious reality facing the DX division.Following Noh's message, online communities and internal chat rooms were flooded with comments demanding, "Don't just apologize; compensate us with bonuses," and "Recoup the investments poured into DS and split off DX." Some expressed skepticism, questioning whether a single apology would suffice.There is also a growing movement to form a separate union focused on the DX division. As of this morning, the Samsung Electronics Labor Union, which has a majority of DX members, surpassed 16,000 members, a fourfold increase in just one week.Lee Jong-hwan, a professor at Sangmyung University’s Department of System Semiconductor Engineering, emphasized the urgency of resolving internal conflicts, stating, "In a time when both semiconductors and finished products are facing fierce global competition, quickly mending internal divisions is a top priority. The management must ensure open communication and improve systems to regain the momentum for company-wide innovation."* This article has been translated by AI. 2026-05-28 18:04:00

Samsung Union Faces Internal Strife Following Wage Negotiations Samsung Electronics has reached a final agreement on wage negotiations, but internal conflicts within the union are escalating. Concerns are growing that the Samsung Group's inter-company union, representing Samsung Electronics, may lose its majority status as employees from the Device Experience (DX) sector continue to leave the union.As of 10 a.m. on May 28, the number of members in the inter-company union has dropped to approximately 69,000, a decrease of over 6,000 from the peak of 76,000 during the wage negotiations. This decline is particularly attributed to the exodus of members from the DX sector, which oversees home appliances and mobile devices.The inter-company union secured its majority and legal representative status from the Ministry of Employment and Labor in April. To maintain this status, it must retain more than approximately 64,500 members, which is half of the total workforce.If the current trend of departures continues, the union's influence may weaken during the multi-union negotiation process next year.In fact, the second and third largest unions, the National Samsung Electronics Union (Jeonsamno) and the Samsung Electronics Union Donghaeng, have recently seen an increase in membership, reaching 20,000 and 16,000 members, respectively. This shift appears to be driven by dissatisfaction among DX sector employees with the provisional agreement focused on compensation in the DS sector.In response, the inter-company union has begun restructuring its organization. Chairman Choi Seung-ho announced plans to operate negotiations under a 'two-track system' for the DS and DX sectors. The executive committee will be divided into five members from DS and three from DX, with separate consideration for DX sector demands.Choi acknowledged, "I understand that a high approval rate does not necessarily reflect member satisfaction. I have deeply contemplated the disappointment and inadequacies that are not visible in the votes." He also publicly apologized for controversial remarks made during negotiations, including comments expressing frustration with the DX sector. A vote for his reappointment as chairman is scheduled for June 17.However, there are concerns within the union regarding the separation of negotiations for DS and DX. Jeonsamno issued a statement on May 27, emphasizing that "the real threat is not from our colleagues but from a structure that encourages competition between business units," clearly opposing the idea of separate negotiations.While Jeonsamno recognizes the feelings of alienation among DX members and the compensation disparities between memory and non-memory sectors within DS, it argues that the root cause lies in the company's opaque compensation system, not the union. They stressed, "Both DS and DX are affected by market changes, and if the negotiation structure is divided, it will inevitably weaken our ability to support each other in times of crisis."There are predictions that internal discord between the DS and DX sectors will persist for some time, as performance bonuses and differences in business unit results widen, prompting the union to begin operating based on business unit interests. In this context, discussions about the potential separation of DS and DX sectors have also emerged. Unlike most leading global semiconductor companies like NVIDIA, TSMC, and SK Hynix, which have specialized structures focused on semiconductors, Samsung Electronics uniquely operates as a comprehensive electronics company encompassing both semiconductors and finished products.* This article has been translated by AI. 2026-05-28 18:04:00

POSCO International to Import North American LNG Amid Middle East Tensions As tensions in the Middle East rise due to instability stemming from Iran, POSCO International is set to advance its plans to import liquefied natural gas (LNG) from North America. This move reflects a broader trend among South Korean energy companies to reduce dependence on Middle Eastern energy sources and diversify supply chains. According to industry sources on May 26, POSCO International plans to start importing North American LNG from Cheniere Energy by the end of this year. The annual import volume is expected to be 400,000 tons, secured under a 20-year contract. If final procedures are completed by October, the imports could begin as early as December. The company will utilize the HL Fortuna for transportation. The HL Fortuna, unveiled in May 2025, is POSCO Group's first dedicated LNG vessel, measuring 299 meters in length and 46.4 meters in width, with a capacity of 174,000 cubic meters. It can carry over 78,000 tons per trip, enough to supply South Korea's needs for approximately 12 hours. By combining long-term import volumes with its own transportation capabilities, POSCO International aims to stabilize its supply chain beyond simple trading. The push to secure North American LNG comes at a critical time, as heightened tensions between Israel and Iran have increased uncertainties surrounding oil and LNG logistics through the Strait of Hormuz. South Korea's high dependency on energy imports means that disruptions in Middle Eastern supply chains could lead to increased electricity costs and manufacturing expenses. North American LNG is viewed as a viable alternative to mitigate these risks. U.S. LNG is relatively insulated from maritime transport risks associated with the Middle East and offers greater predictability through long-term contracts. With rising domestic electricity demand driven by the expansion of AI data centers and advanced manufacturing facilities, securing stable LNG supplies has become increasingly important for both corporate and national energy security. Other energy companies are also accelerating their supply chain diversification efforts. SK Innovation's E&S division is expanding its LNG procurement through the Barossa gas project in Australia, which aims to develop a gas field off the northern coast and connect it to the Darwin LNG facility, thereby securing long-term supply sources outside the Middle East. POSCO International is also pursuing participation in an LNG project in Alaska, which could potentially provide 1 million tons of LNG annually over 20 years. Industry insiders believe that if POSCO International's North American LNG imports are confirmed, it could alleviate domestic supply concerns amid growing Middle Eastern risks. If the imports commence as planned by the end of this year, they could serve as a crucial buffer during the winter months when electricity and gas demand typically rises. However, specific contract terms and the exact timing of the imports have not yet been publicly disclosed. Actual delivery schedules may be adjusted based on international LNG prices, shipping costs, domestic demand forecasts, and contract details. Should the North American LNG imports proceed as scheduled, POSCO International is expected to emerge as a leading example of supply chain diversification that mitigates risks associated with Middle Eastern energy dependence. An industry official stated, "As tensions in the Middle East escalate, energy companies are compelled to broaden their procurement channels and reduce transportation risks. POSCO International's North American LNG imports represent a significant move not only for short-term supply stability but also for long-term energy security." 2026-05-28 18:02:00

BMW 220i Active Tourer Offers Sedan-Like Driving with SUV Versatility The BMW 2 Series '220i Active Tourer (M Sport Design Trim)' resembles a sports utility vehicle (SUV) but delivers a sedan-like driving experience. Positioned as a niche model, it aims to balance practicality and driving performance in a market dominated by SUVs.Upon first encountering the vehicle, which was tested on May 28, it gave an impression closer to a small SUV. Although classified as a hatchback, its height and width felt substantial. However, it is not overly large for beginner drivers, consistent with BMW's compact segment models. The exterior features sharp LED headlights and a low roofline, contributing to a sporty aesthetic.Driving from Jung-gu, Seoul, to Gapyeong, a distance of about 70 kilometers, the route combined urban and national roads. The first noticeable aspect during the drive was the expansive visibility. The elevated body provided a sense of openness in the front, and the side mirrors offered a relatively wide field of view.The smooth ride throughout the journey evoked the feel of a sedan. Even on sections with numerous speed bumps, the vehicle absorbed shocks effectively, and at high speeds, it maintained stability on the road. Notably, during cornering, the body control was firmer than expected, likely due to the 'Adaptive M Suspension' feature included in the M Sport Design Trim. The vehicle did not sway excessively on winding roads near Gapyeong.In areas without traffic, the vehicle accelerated quickly with just a light press on the gas pedal, allowing for a lively driving experience. The 220i Active Tourer can go from a standstill to 100 km/h in just 7.5 seconds. However, it is more about smoothly increasing speed rather than explosive performance.The spacious interior is another appealing feature. The second row offers ample space, even for adult males, with enough legroom and headroom. A center armrest with cup holders is integrated for convenience, making it suitable as a family vehicle.For long trips, the infotainment options can keep children entertained. By connecting a smartphone using a QR code displayed on the 10.7-inch screen, the smartphone can function as a console for gaming within the vehicle. This is made possible by the standard BMW Operating System 9.Additionally, the generous trunk capacity further supports its viability as a family car. With a base capacity of 470 liters, it expands to a maximum of 1,455 liters when the rear seats are folded down, making it suitable for camping or outdoor activities. Ultimately, the 220i Active Tourer appears to be an ideal choice for consumers seeking both the practicality of an SUV and the driving feel of a sedan.* This article has been translated by AI. 2026-05-28 18:02:00

LG Chem Accelerates Future Portfolio Transition with Four Growth Drivers LG Chem announced on May 28 that it is accelerating the restructuring of its future business portfolio centered around four growth drivers: eco-friendly products, battery materials, pharmaceuticals, and high-value specialty businesses. The company aims to triple its revenue from these sectors, which stood at 5.8 trillion won last year, by 2030. In the battery materials sector, LG Chem is enhancing the development of next-generation cathode materials, including high-voltage mid-nickel (HV Mid-Ni), lithium manganese-rich (LMR), and lithium iron phosphate (LFP). The company is also working on sodium-ion battery (SIB) materials while focusing on optimizing its production base in Tennessee, North America, to secure price competitiveness. The company is also pursuing global expansion in its oncology pharmaceuticals business. Clinical trials are underway for treatments targeting head and neck cancers and immuno-oncology therapies, with plans to explore adjacent areas such as women's health and osteoporosis. In the eco-friendly sector, LG Chem is strengthening its low-carbon materials business based on PCR (post-consumer recycled) plastics and bio-based raw materials. The company is accelerating the development of next-generation low-carbon technologies, including biofuels derived from used cooking oil (HVO), sustainable aviation fuel (SAF), dry reforming of methane (DRM), and e-SAF. The specialty business is being restructured around high-performance materials, including high-heat ABS, ultra-high molecular weight SSBR, and high-purity IPA for semiconductors. LG Chem is also aiming to expand its high-value product lineup, targeting PVC for electric vehicle fast-charging cables, aerogels, and SAN for cosmetic containers.* This article has been translated by AI. 2026-05-28 18:02:00

70% of South Korea's Top 1,000 Companies Are Based in the Capital Region A recent report reveals that 70% of South Korea's top 1,000 listed companies are headquartered in the capital region. Despite discussions about relocating public institutions and businesses to provincial areas since the launch of the Lee Jae-myung administration, the concentration of corporate headquarters in Seoul and Gyeonggi Province remains strong. Notably, larger companies tend to be more concentrated in Seoul, while the Busan-Ulsan-Gyeongnam (BULG) area shows relative strength among non-capital regions.According to the Korea CXO Research Institute's analysis of the locations of the top 1,000 listed companies by revenue in 2025, 700 of these companies are based in the capital region, which includes Seoul, Gyeonggi, and Incheon.The analysis focused on the top 1,000 listed companies based on individual and separate revenue figures from last year, using the corporate addresses listed in their business reports.Within the capital region, the concentration in Seoul is particularly pronounced. Of the top 1,000 companies, 405 are headquartered in Seoul, while 263 are in Gyeonggi Province and 32 in Incheon. This means that nearly 40% of South Korea's major companies are based in the capital.The trend of larger companies being more concentrated in Seoul is evident. Among the 40 companies in the '10 trillion club,' which reported revenues exceeding 10 trillion won last year, 30 are headquartered in Seoul. Hyundai Motor and Kia are based in the Seocho district of Seoul, while Posco International and Hyundai Mobis are located in the Gangnam area.However, some of the country's leading manufacturing firms are headquartered in Gyeonggi and Incheon. Samsung Electronics, the top company by revenue and market capitalization, is based in Suwon, Gyeonggi Province, while SK Hynix is located in Icheon, Gyeonggi. Hyundai Steel is also headquartered in Incheon. This reflects the characteristics of the manufacturing sector, which often aligns with production sites despite the overall trend of concentration in the capital region.In non-capital regions, the BULG area shows the strongest presence, with 111 of the top 1,000 companies headquartered there, accounting for about 11% of the total. Among the metropolitan areas, Gyeongnam has the third-highest number of companies, with 50.In Gyeongnam, companies in the shipbuilding, defense, and machinery industries play a central role. Hanwha Ocean is based in Geoje, while Changwon is home to major defense and heavy industry firms such as Hanwha Aerospace, Hyundai Wia, Doosan Enerbility, and Hyundai Rotem. Changwon has the highest number of top 1,000 company headquarters among non-capital cities, with 25.Busan has 37 companies headquartered there, including HJ Heavy Industries, Seongwoo Hightech, and Hwasung Industry. Recently, HMM, one of the largest shipping companies in the country, officially announced its relocation to Busan, raising the possibility of further corporate clustering in the city. Busan is accelerating its strategy to attract businesses in the maritime and logistics sectors.In Ulsan, companies such as HD Hyundai Heavy Industries, Lotte Fine Chemical, and Gyeongdong City Gas are located, reflecting the city's traditional manufacturing base.In the Chungcheong region, a total of 87 companies are headquartered, with 35 in South Chungcheong, 31 in North Chungcheong, 14 in Daejeon, and 7 in Sejong. Notable companies in South Chungcheong include Coway, Dongwon Systems, and Hanamicron, while North Chungcheong is home to Hyundai Elevator, HK InnoN, and Simtech. Daejeon features KT&G and Hanon Systems among its leading companies.The Daegu-Gyeongbuk region has 59 companies headquartered there, with 33 in North Gyeongsang and 26 in Daegu. Pohang is home to Posco Holdings and Posco Future M, while Hanwha Systems is located in Gumi. In Daegu, Korea Gas Corporation, L&F, and SL are leading companies driving the local economy.The Honam region has relatively fewer company headquarters, totaling 29, including 13 in North Jeolla, 9 in South Jeolla, and 7 in Gwangju. However, the presence of Korea Electric Power Corporation in Naju, South Jeolla, is significant. Other companies such as KEPCO KPS and Kumho Construction are also based in Naju.Gangwon and Jeju regions have 8 and 6 companies headquartered, respectively. Gangwon Land is the largest revenue-generating company in Gangwon, while Kakao and Jeju Air are notable firms in Jeju.At the municipal level, Gangnam District in Seoul has the highest number of headquarters, with 89 companies. It is followed by Seongnam City in Gyeonggi Province and Jung-gu in Seoul, each with 63. Seocho District in Seoul has 47, Yeongdeungpo District has 46, and Hwaseong City in Gyeonggi has 41, all identified as areas with a high concentration of corporate headquarters.Gangnam District is home to Hyundai Mobis, Posco International, DB Insurance, and GS Retail, while Seongnam City hosts KT, Naver, Samsung Heavy Industries, and SK Gas. Yeongdeungpo District houses major LG Group affiliates, including LG Electronics, LG Display, and LG Chem.Despite recent government initiatives aimed at balanced regional development and discussions about relocating businesses, analysts suggest that the preference for the capital region among companies is unlikely to change easily. Factors such as access to top talent, transportation and business infrastructure, supplier networks, and financial accessibility remain concentrated in the capital.As large corporations increasingly rely on connections to investment, finance, legal, and consulting services, the preference for Seoul is particularly pronounced. In contrast, provincial areas often serve primarily as manufacturing sites, limiting incentives for relocating headquarters.Oh Il-seon, head of the Korea CXO Research Institute, stated, "The ongoing concentration of major corporations in the capital region continues to widen the socio-economic gap with non-capital regions across various indicators. When companies relocate to provincial areas, there needs to be a premium and long-term support strategy in terms of taxation, location, and talent acquisition that can be practically felt."* This article has been translated by AI. 2026-05-28 18:02:00

Korean Shipbuilders Gather at Posidonia 2026 for Major Deals The world's largest shipbuilding and maritime exhibition, Posidonia 2026, is set to open in Athens, Greece, next month, attracting a significant presence from South Korean shipbuilders. The event provides a platform for direct engagement with global shipowners, raising the possibility of major deals. According to industry sources on May 28, HD Hyundai Chairman Chung Ki-sun, Samsung Heavy Industries CEO Choi Sung-an, and HJ Shipbuilding CEO Yoo Sang-cheol will participate in the Posidonia event from June 1 to 5 (local time). Posidonia is recognized as one of the top three maritime exhibitions globally, alongside Norway's Nor-Shipping and Germany's SMM. Chairman Chung plans to aggressively promote liquefied natural gas (LNG) carriers, eco-friendly ships, autonomous navigation technology, and AI-based smart ship solutions. This year, key subsidiaries including HD Hyundai Heavy Industries, HD Hyundai Samho, HD Hyundai Marine Solutions, Avikus, and HD Hyundai Electric will join the event, bolstered by the presence of Vice Chairman Lee Sang-kyun of HD Hyundai Heavy Industries. Hanwha Ocean will also emphasize its competitiveness in LNG carriers and maritime defense technology, focusing on securing new contracts. Samsung Heavy Industries will have CEO Choi Sung-an personally travel to Athens to explore expanding its global shipowner network. The company has recently strengthened its bidding competitiveness in floating LNG production facilities (FLNG) and LNG and eco-friendly ships, planning to leverage its technological expertise to penetrate the market. HJ Shipbuilding, which is enhancing its presence through eco-friendly and specialized vessels, will also attend the event. CEO Yoo Sang-cheol aims to broaden connections with global shipowners. Industry experts believe that this year's Posidonia will serve as a crucial stage to gauge the ordering trends of global shipowners and the future direction of the shipbuilding market. One industry insider noted, "With growing interest in eco-friendly ships, autonomous navigation, and AI-based smart ship technology, domestic shipbuilders are increasingly committed to participating in the event."* This article has been translated by AI. 2026-05-28 18:02:00

Blue House Encourages Public Discussion on Redistribution of Corporate Excess Profits On May 28, the Blue House expressed hope for various opportunities for public discourse regarding the social distribution of excess profits from large corporations, in light of an upcoming discussion hosted by the Ministry of Employment and Labor.During a briefing at the Chunchugwan, Chief Spokesperson Kang Yu-jung responded to a question about whether the discussion is a continuation of comments made by Policy Chief Kim Yong-beom regarding excess tax revenue. Kang stated, "Labor Minister Kim Young-hoon has mentioned the need for public discourse on the distribution of excess profits from semiconductor companies, and it seems he is emphasizing the necessity of social dialogue on performance distribution." She added that Industry Minister Kim Jeong-kwan could also address excess operating profits or earnings from the industry's perspective.Kang noted, "As various social issues and tasks that need to be discussed have been raised in this process, it appears that the Labor Minister believes these are matters that our society should openly discuss."The day before, Labor Minister Kim Young-hoon stated during a meeting with reporters, "The only solution for the social distribution of excess profits from large corporations is social dialogue. We plan to hold an urgent discussion on June 1, led by the Ministry of Labor."* This article has been translated by AI. 2026-05-28 18:00:00

LS Cable and Daehan Cable Dispute Escalates Amid Technology Theft Allegations The conflict between LS Cable and Daehan Cable over alleged technology theft has intensified, reflecting a fierce competition for dominance in the domestic undersea cable market. As global investments in offshore wind and power networks grow, undersea cables have emerged as a key growth area for the wire and cable industry, heightening tensions between the leading LS Cable and the pursuing Daehan Cable. On May 28, the Southern Gyeonggi Police Agency's Security Investigation Division referred 13 individuals, including an executive from Daehan Cable, and three corporations—Daehan Cable, Gawon Architectural Firm, and a construction company—to prosecutors on charges of violating laws related to unfair competition and trade secret protection. This development is expected to further escalate the conflict between the two companies. According to industry sources, LS Cable has long been the dominant player in the undersea cable sector. High-voltage undersea cables require substantial investment in equipment and years of accumulated production and construction experience. This field demands not only product manufacturing but also expertise in cable design, insulation technology, operational management of production facilities, quality verification, and offshore installation experience, making it difficult for new entrants to gain a competitive edge quickly. Recently, Daehan Cable has been expanding its investments, positioning undersea cables as a future growth driver. The company has established a production base for undersea cables in Dangjin, South Chungcheong Province, and is entering the global bidding competition, directly challenging LS Cable. Industry analysts suggest that the movement of personnel from LS Cable and the use of related technologies by Daehan Cable during its rapid market entry may have ignited the conflict. To support its entry into the undersea cable market, Daehan Cable has continued significant investments. Following the establishment of its first undersea cable factory in the Godeabu area of Dangjin, the company is also pursuing additional investments aimed at producing high-voltage direct current (HVDC) undersea cables. Daehan Cable is working to secure specialized installation vessels and expand its international certifications, striving to broaden its foundation for winning global projects. LS Cable has raised concerns that Daehan Cable's expansion into the undersea cable business may infringe upon its core technologies and know-how. The company argues that information related to factory design and production processes is not merely documentation but trade secrets accumulated over years of trial and error. Conversely, Daehan Cable contends that it has pursued its business through independent investment and technology development. In response to the referral to prosecutors, LS Cable claimed it has suffered damages amounting to billions of won, while Daehan Cable reportedly denied the allegations, asserting that the contested information does not qualify as a trade secret. Industry experts note that the fundamental reason for the ongoing conflict is the expanding market itself. Undersea cables are critical infrastructure connecting offshore wind farms to onshore power grids. Demand for power network expansion is increasing not only in Europe and the United States but also in Asia, making this a market that domestic cable manufacturers cannot afford to overlook. Securing a supply record can influence subsequent project bids, making technological leadership and trust crucial in the competition. There are concerns that the legal battle between the two companies could prolong. Ongoing police investigations, prosecutor evaluations, civil damage claims, and disputes over trade secret violations may continue. A key issue will be determining the extent to which undersea cable technology can be classified as a trade secret and how to distinguish between accumulated experience and company-owned technology during personnel transitions. If the conflict drags on, it could burden the entire domestic undersea cable industry. Global competitors, particularly European and Chinese firms, are vying for large projects. A prolonged legal dispute between domestic companies could raise questions about technological reliability and supply trustworthiness in bidding competitions. An industry insider remarked, "Undersea cables are poised to become the most important growth market for the wire and cable industry, so the clash between leading and emerging companies is somewhat predictable. This issue extends beyond specific personnel or document leaks to encompass the struggle for dominance in the domestic undersea cable market and the stability of national power network projects." 2026-05-28 17:58:00

Daehan Cable Denies Allegations of Technology Theft from LS Cable Daehan Cable has denied allegations of technology theft related to LS Cable, asserting that the investigation's initial findings do not confirm any wrongdoing or liability. In a statement released on May 28, Daehan Cable said it is currently verifying specific details regarding the investigation into its submarine cable plant. The company emphasized that it did not utilize or conspire to use any trade secrets from other companies during the construction of the plant.Daehan Cable stated that various specialized firms participated in the construction of the submarine cable plant, and it selected partners through proper procedures based on their relevant experience and expertise. The company argued that the mere fact that some participating firms had prior project experience does not imply that Daehan Cable acquired or used another company's trade secrets.The key issues at stake include whether the information in question qualifies as legally protected trade secrets and whether Daehan Cable obtained or used them improperly. These matters will require thorough legal examination and judgment in future judicial proceedings.In response to concerns raised about similarities in the plant's structure, Daehan Cable countered that the submarine cable plant was constructed considering its business plan, site conditions, production products, equipment specifications, and logistics. The company asserted that common process flows or equipment layouts in the industry do not necessarily indicate the use of a specific company's trade secrets.Daehan Cable noted that the current issues are related to the construction of the submarine cable plant and are separate from the ongoing development of its second submarine cable plant and HVDC submarine cable projects. The company emphasized that its existing operations, production, delivery, international contracts, and future business initiatives are proceeding normally.The possibility of significant damages claims was dismissed by Daehan Cable as an unfounded assertion. The company stated that the actual liability and extent of damages will be determined through strict judicial scrutiny, and viewing the reported amounts as guaranteed is an overinterpretation.Daehan Cable concluded by stating its commitment to responsibly engage in the relevant processes and indicated that it would consider necessary actions against any false or exaggerated reports that could significantly impact its business and shareholder value. 2026-05-28 17:56:00