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Lee Jae-Yong's Four-Year Tenure: Strategies for Future Growth Amid AI Supercycle Lee Jae-Yong, chairman of Samsung Electronics, is accelerating the expansion of future businesses by leveraging the recovery of semiconductor competitiveness. Following a leadership change in the semiconductor division amid struggles in the high-bandwidth memory (HBM) sector, the company has achieved success in mass production of next-generation products and securing foundry contracts. The investment capacity gained from the semiconductor boom will be directed towards nurturing new ventures in robotics, automotive, and HVAC sectors.According to industry sources, Lee will mark his fourth anniversary as chairman on the 27th. It is reported that no official events or public messages are planned for the occasion. Since taking office, he has faced challenges, ceding market leadership in the HBM sector to SK Hynix. However, with the recovery of competitiveness in next-generation products and a boom in AI memory, the semiconductor business is rebounding, allowing for investments in future ventures.The starting point for rebuilding the semiconductor business was the leadership change implemented in 2024. Samsung Electronics, falling behind SK Hynix in the HBM3E competition, reinstated Vice Chairman Jeon Young-Hyun as head of the Device Solutions (DS) division. Jeon has focused on recovering technological competitiveness by overseeing the development of 10-nanometer 6th generation (1c·D1c) DRAM, which is a core foundation for HBM4.As a result, Samsung completed the development of D1c in June last year and received approval for mass production transfer (PRA). In July, the company began ordering equipment to establish production lines. D1c serves as a key DRAM for HBM4, laying the technological groundwork for mass production of next-generation products. In February of this year, Samsung became the first in the world to commence mass production and shipment of HBM4. The strategy of focusing on leadership changes and core technology development has been credited with restoring product competitiveness.In the foundry business, Samsung is also accelerating the acquisition of clients. The company has signed a large-scale semiconductor foundry contract with Tesla and is expanding cooperation with Broadcom in memory and foundry sectors. Notably, Samsung is applying base dies produced using its own 4-nanometer foundry process for HBM4, highlighting its strengths as a comprehensive semiconductor company with capabilities in memory, system LSI, and foundry. The strategy aims to expand the supply of integrated solutions that link advanced processes and packaging in the AI semiconductor market.Lees global network is also supporting business expansion. Since taking office, he has met with prominent CEOs, including Jensen Huang of NVIDIA, Elon Musk of Tesla, Sam Altman of OpenAI, and Lisa Su of AMD, to discuss collaboration on AI semiconductors and future technologies. The focus is on broadening cooperation with global tech giants from memory supply to foundry and AI infrastructure.The investment capacity secured from the semiconductor boom is expected to be directed towards nurturing new ventures. Last year, Samsung acquired the German HVAC company Flakt Group, the audio division of U.S.-based Masimo, and the digital healthcare firm Xealth. The company is also pursuing the acquisition of ZFs advanced driver-assistance systems (ADAS) business through its subsidiary Harman. These investments aim to expand into areas such as AI data center cooling, automotive, and healthcare.In the robotics sector, Samsung has integrated Rainbow Robotics as a subsidiary and established the RX Business Promotion Office under the Device Experience (DX) division in July. In the biotech sector, which Lee has identified as the second semiconductor, Samsung is focusing on expanding its global market presence through Samsung Biologics contract development and manufacturing (CDMO) and Samsung Bioepis biosimilar business.In line with the expansion of future businesses, the groups management structure has also been restructured. Last year, Samsung reorganized its business support task force (TF) into a formal business support office and appointed President Park Hak-Kyu as its head. With Vice Chairman Jung Hyun-Ho stepping back from frontline management after coordinating major management issues for an extended period, a generational shift in management has taken place. Notably, a dedicated organization for mergers and acquisitions (M&A) has been established under the business support office to enhance investment strategy coordination among affiliates and support the discovery of new ventures.The upcoming regular executive appointments expected in November will focus on the restructuring of management in the semiconductor business and strengthening future business organizations. There is speculation that the position of head of the memory division, currently held by Vice Chairman Jeon Young-Hyun, may be separated to concentrate on improving profitability in non-memory sectors such as foundry and system LSI. Given the establishment of the business support office and the major management changes last year, this year is anticipated to emphasize maintaining stability in the existing management system while enhancing the execution capabilities of new ventures in AI and robotics through talent selection and organizational restructuring.* This article has been translated by AI. October 26, 2026 18 -
Epson Targets Advanced Manufacturing Market with Precision Technology Amid Growing Importance of Materials and Components The growth of the artificial intelligence (AI) industry and the acceleration of global energy transition have highlighted the importance of materials, components, and equipment technology as key competitive advantages in advanced manufacturing. Increased investment in AI data centers is supporting demand for high-performance semiconductors and electronic components, while the growth of the renewable energy sector is driving the need for new manufacturing technologies, such as next-generation solar cells.On October 23, Epson announced that it is strengthening its B2B business in advanced manufacturing, focusing on industrial robots and printheads based on precision control and inkjet technology.As manufacturing environments evolve, precision technology that addresses the miniaturization of components and the complexity of processes is becoming increasingly important. The scope of materials and components technology is expanding to enhance productivity and efficiency in manufacturing processes, from automation technologies that accurately transport and assemble tiny parts to techniques that precisely apply functional materials where needed.In this context, Epson is leveraging its long-standing expertise in precision control and inkjet technology to enhance its B2B portfolio with core equipment and components for manufacturing, including industrial robots and printheads.During a press conference in September marking the 30th anniversary of Epson Korea and the visit of its global CEO, the company introduced its long-term vision, Engineered Future 2035, and outlined its strategy to focus on growth areas such as robotics and industrial inkjet and microdevices. Notably, it aims to strengthen its business in Korea, a key market for advanced manufacturing in semiconductors, secondary batteries, and IT.This business expansion is reflected in Epson Koreas performance. For the fiscal year 2025, the company reported sales of 227.6 billion won, an increase of approximately 28% from the previous year. The Precision Innovation segment, which includes inkjet solutions and microdevices, saw a remarkable growth of about 205%, reaching 54.1 billion won. The Industrial and Robotics segment, which encompasses commercial and industrial printing as well as robotics, also grew by approximately 24%, totaling 37 billion won.In recent years, Epson has steadily expanded its B2B business in industrial robots and printheads, increasing its technology collaboration with manufacturing customers in Korea.As the AI industry expands, the importance of semiconductors and electronic components is rising, making it crucial to achieve both production efficiency and precision in related manufacturing processes. The accurate transport and assembly of small components, as well as ensuring precision in repetitive tasks, are key factors that influence manufacturing competitiveness.To meet this demand, Epson is developing its industrial robotics business, focusing on SCARA robots and six-axis robots. SCARA robots are suitable for the transport and assembly of small components due to their fast and precise movements. Six-axis robots can approach workpieces from multiple directions, making them useful for complex assembly processes.The core competitive advantage of Epsons robots lies in their proprietary sensing and control technologies. The companys custom-developed force sensors detect minute forces during operation, allowing the robots to finely adjust the pressure applied to objects. The GyroPlus technology detects and suppresses vibrations that occur during high-speed movements, enhancing accuracy and production efficiency.Another area where the importance of materials and components technology is increasing in advanced manufacturing is in precision material application processes. In the electronics industry, including semiconductors and displays, the ability to supply functional materials in precise amounts to specific locations is critical.Epson is extending its inkjet technology, accumulated from its printer business, into these advanced manufacturing fields. The key is its proprietary PrecisionCore technology, which is based on micro-piezo technology that pushes liquids through fine nozzles without applying heat, allowing for precise dispensing of functional liquids where needed.This technology enables the precise application of not only standard printing inks but also various functional materials. It has potential applications in forming electronic circuit patterns and manufacturing displays, reducing raw material waste by supplying materials only where needed.Recently, Epson has also broadened its technological applications to next-generation energy sectors, exemplified by perovskite solar cells. These lightweight, thin, and flexible solar cells require uniform application of functional materials during manufacturing.Epson is responding to related manufacturing processes with the announcement of its industrial inkjet printhead S3200-S1 for strong solvent applications in 2025. Following its investment in domestic inkjet manufacturing equipment specialist Gosan Tech in 2025, Epson announced additional investment in July 2026.Meanwhile, Epson is also increasing its investments to nurture industrial technology as a long-term growth driver. In line with its long-term vision Engineered Future 2035 and its first medium-term management plan, the company plans to invest a total of ¥280 billion (approximately 2.3653 trillion won) over the next three years in growth and strategic areas such as precision innovation and industrial robotics.Epson aims to raise the share of its industrial domain in total sales from 33% in the fiscal year 2025 to 50% by 2035. The strategy focuses on enhancing the business structure around core industrial technologies and automation solutions while maintaining the competitiveness of its existing core businesses.Epson views Korea not merely as a market for product sales but as a co-creation partner for developing technologies and solutions. The company plans to expand new B2B business opportunities by combining the manufacturing capabilities of domestic companies with strengths in precision technology.* This article has been translated by AI. October 26, 2026 18
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Lee Jae-Yong's Leadership Solidifies Samsung Amid Internal Challenges We have no interest in spinning off the foundry business. We are eager to grow this sector. This was the firm message from Lee Jae-Yong, Chairman of Samsung Electronics, during a trip to the Philippines in October 2024. He clearly expressed his determination to confront the challenges facing the foundry (contract semiconductor manufacturing) business, which had been rumored for a spin-off due to accumulated losses. Since his appointment, he has chosen to tackle challenges head-on rather than evade them, reinforcing his leadership through steadfast investments.Lees commitment to investment was evident from his first day in office. Instead of a formal inauguration ceremony in October 2022, he posted a message on the company bulletin board stating, We must invest in technologies that do not yet exist, as our survival depends on future technologies. Even amid a crisis where the semiconductor division faced annual operating losses of 14 trillion won, he emphasized that even in difficult situations, we must remain unwavering in nurturing talent and investing in future technologies.During times of crisis, he did not shy away from delivering stern messages. At a seminar for executives from all subsidiaries held in March last year, the first in nine years, he remarked, We have lost our Samsung spirit, urging a mindset of life-or-death determination. At that time, over 2,000 executives received crystal plaques inscribed with the phrase, Samsung people are resilient in crises, adept at turning the tide, and fierce in competition. Although this years performance has rebounded, Lee cautioned, Now is not the time to be complacent just because the numbers have improved; this is our last chance to regain competitiveness.In this serious atmosphere, Lees decisive actions paved the way for a counteroffensive. In May 2024, he made a bold move by replacing the head of the semiconductor division, stating, We must invest in the future, even at the expense of immediate profits, and strongly encouraged investments in artificial intelligence (AI) semiconductors. In the first half of this year, the application of advanced processes to the sixth-generation high-bandwidth memory (HBM4) laid the groundwork for a comeback, culminating in the achievement of 100 trillion won in quarterly operating profit, a first for a domestic company.Lee has also prioritized global networking management. He has frequently met with leaders of major tech companies, including Jensen Huang of NVIDIA, Mark Zuckerberg of Meta, and Sam Altman of OpenAI, as he travels between domestic and international locations. The practical collaborations forged through integrated semiconductor solutions have become a powerful AI alliance to navigate through crises.Despite a downturn in the economy leading many major companies to reduce hiring, Lee has maintained a commitment to large-scale youth recruitment. At a youth employment forum, he expressed his intention to actively create jobs, stating, As sales performance improves, we have the capacity to hire more. His management philosophy of talent first is based on the belief that securing future talent is crucial for corporate competitiveness. Since last year, Samsung Electronics has initiated plans to hire 60,000 new employees over the next five years.However, challenges remain, particularly regarding internal conflicts arising from disparities in performance bonuses during the recovery process. The management has promised corrective measures to address compensation imbalances between the Device Experience (DX) and Semiconductor (DS) divisions, but internal tensions are expected to persist for the time being.Establishing a sustainable growth foundation through securing future-oriented hubs is also a pressing task. Samsung is tasked with successfully implementing mega projects focused on advanced industries in the southwestern region, creating large-scale production and research complexes to drive new growth.Through the announcement of three major mega projects, Lee stated, I am confident that we can create an irreplaceable South Korea, emphasizing, We will strive to lead with a significant competitive edge in the global market.* This article has been translated by AI. October 26, 2026 18
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Samsung Electronics Achieves Global Operating Profit Leadership Under Lee Jae-Yong We are in a desperate situation. The reality before us is severe, and the market is harsh. These were the words of Lee Jae-Yong, chairman of Samsung Electronics, upon his inauguration in October 2022. Four years later, Samsung Electronics has achieved the top position in global operating profit. This turnaround follows a significant loss in the semiconductor sector in 2023, prompting a renewed focus on Lees leadership, which has maintained a steady course in technology investment and business strategy despite challenges.As Lee marks his fourth anniversary in office on October 27, he took over during a particularly tough business environment. He effectively assumed control after the sudden incapacitation of former chairman Lee Kun-Hee in 2014, but faced significant challenges, including imprisonment related to the 2017 corruption scandal. The Future Strategy Office, responsible for key decision-making at Samsung, was disbanded that same year. Even after the passing of the former chairman in 2020, legal issues persisted, and on the day of his promotion to chairman in 2022, he attended court instead of a ceremony.During this period, the semiconductor industry faced a crisis. In 2023, the semiconductor division reported an operating loss of 14.88 trillion won, and the leadership in high-bandwidth memory (HBM), crucial for AI semiconductors, shifted to SK Hynix.The external environment was equally challenging. The Trump administration increased tariff pressures on key South Korean exports, including semiconductors and automobiles, while the U.S.-China tech rivalry complicated operations in China.Despite these adverse conditions, Lee focused on restoring memory competitiveness. In May 2024, he appointed Vice Chairman Jeon Young-Hyun to lead the semiconductor division and reorganized the team to integrate HBM design, process, and packaging expertise. In February of this year, Samsung successfully became the first company to mass-produce HBM4 technology, marking a significant technological achievement. Anticipating increased investment in AI infrastructure, proactive investments in DRAM have led to substantial growth.Additionally, efforts to expand investments in the U.S. have helped alleviate tariff pressures, yielding positive results in private diplomacy. Analysts note that these achievements have influenced the domestic export landscape beyond just company performance.One of the pivotal moments in Lees leadership was his decision to dismiss rumors of a foundry spin-off. By adhering to a comprehensive semiconductor strategy, Samsung secured a 22.8 trillion won foundry contract with Tesla and established operational foundations for its Taylor, Texas, facility.Last July, the resolution of legal burdens with a not guilty verdict in the unfair merger and accounting fraud case cleared uncertainties surrounding management. With these challenges behind, Samsung Electronics has set new quarterly operating profit records this year, reaching 57.2 trillion won in the first quarter, 89.4 trillion won in the second quarter, and 107.4 trillion won in the third quarter, totaling 254 trillion won for the first three quarters.This year, analysts project an operating profit consensus of 367 trillion won, positioning Samsung to surpass Nvidia on an annual basis. Under Lees leadership, the company has risen to a solid foundation, with the prospect of becoming the worlds leading company in annual operating profit within four years.* This article has been translated by AI. October 26, 2026 18
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Lee congratulates Lula on Brazil reelection victory SEOUL, October 26 (AJP) - South Korean President Lee Jae Myung congratulated Brazilian President Luiz Inacio Lula da Silva on Monday on his election to a historic fourth term, calling him a close friend and comrade as the two countries seek to deepen their recently established strategic partnership. "I am delighted beyond words to congratulate President Lula, my dear friend and comrade, on his election," Lee wrote on the social media platform X, formerly Twitter. Lee expressed confidence that Lula would continue to play an important role in Brazil, building on the trust and expectations of the Brazilian people. "I sincerely hope you will move forward vigorously toward the future you have envisioned for Brazil," Lee said. Recalling their previous meetings, Lee added that he looked forward to seeing Lula again and remembering the conversations and laughter they had shared. His congratulatory message was also published in Portuguese, Brazil's official language. Lula secured a historic fourth presidential term after defeating right-wing Senator Flavio Bolsonaro, the eldest son of former President Jair Bolsonaro, in a runoff election on Sunday. According to Brazil's Superior Electoral Court, Lula won 51.79 percent of valid votes, compared with 48.21 percent for Bolsonaro, extending the leftist leader's political career and keeping Latin America's largest economy under his leadership. Lee and Lula have developed a close personal relationship through their shared experiences of working as child laborers before entering politics. Both leaders have frequently highlighted their similar backgrounds, including hardships during their youth and their subsequent political careers centered on labor rights and social welfare. Their personal rapport has accompanied a significant expansion of diplomatic relations between South Korea and Brazil. During Lula's state visit to Seoul in February, the first by a Brazilian president in 21 years, the two leaders agreed to elevate bilateral relations to a strategic partnership and adopted a four-year action plan covering 2026 through 2029. Lee reciprocated with a state visit to Brazil in July, when the two presidents reaffirmed commitments to deepen cooperation in critical minerals, semiconductors, artificial intelligence, defense, aerospace and renewable energy. They also discussed efforts to resume negotiations on a trade agreement between South Korea and Mercosur, the South American trade bloc that includes Brazil. Economic ties have become an increasingly important component of the relationship. Bilateral trade reached approximately $10.8 billion in 2025, according to Brazilian government figures. Brazil supplies South Korea with commodities including crude oil, iron ore, pulp and agricultural products, while South Korean exports to Brazil include semiconductors, electronics, machinery and automobiles. The two countries established diplomatic relations on Oct. 31, 1959, and are approaching their 67th anniversary, with Brazil serving as one of South Korea's principal economic and diplomatic partners in Latin America. October 26, 2026 16 -
Foreign selling sinks Seoul stocks below 5,500 SEOUL, October 26 (AJP) - Foreign investors kept selling South Korean stocks on Monday, dragging the benchmark Korea Composite Stock Price Index (KOSPI) back below 5,500 now that the chipmaker buybacks that once absorbed their selling have run out. The index shed 80.71 points, or 1.5 percent, to 5,469.6, off nearly 40 percent from its June peak. Foreigners sold a net 816.5 billion won ($617.1 million) of KOSPI shares. The KOSDAQ, Korea’s tech-heavy secondary market, fell 3.3 percent to 727.2 ahead of SK hynix’s earnings on Wednesday and a U.S. Federal Reserve rate decision this week. Institutions bought a net 698.9 billion won and individuals 77.3 billion won, short of the foreign outflow. Decliners outnumbered gainers 793 to 100. Brokerages say buying support has thinned since Samsung Electronics and SK hynix completed large share buyback programs, leaving the market more exposed to foreign flows. The main index in Seoul briefly turned positive, touching 5,565.7, before foreign selling pulled it to a session low of 5,455.1. The two chipmakers parted ways. SK hynix slipped 0.2 percent to 1,275,000 won ($963.6) after surrendering a gain of more than 2 percent, while Samsung Electronics fell 1.2 percent to 213,000 won ($161.0). SK hynix has found support since Friday, when it said it had stopped reviewing a pre-IPO round and a U.S. listing for Solidigm, its U.S.-based NAND flash subsidiary. Brokerages read the move as easing concern over duplicate listings in the SK group’s ownership chain. Wednesday’s results will be SK hynix’s first earnings report since the decision, and the company has yet to say how it will fund Solidigm’s expansion without outside capital. Financials and automakers led large-cap losses. KB Financial Group fell 3.8 percent to 147,200 won ($111.3), and Hyundai Motor lost 2.5 percent to 288,000 won ($217.7). On the KOSDAQ, Shinhan Investment analyst Kang Jin-hyuk pointed to weakness in materials, parts and equipment heavyweights such as EcoPro and Jusung Engineering. The won strengthened 2.9 won to 1,323.1 per dollar. Japan’s Nikkei 225 fell 503.51 points, or 0.8 percent, to 62,189.7 for a third straight decline as doubts over artificial intelligence monetization weighed on chip-related heavyweights including Tokyo Electron and Advantest. Brokerages see little room for a quick recovery. Kim Dae-jun of Korea Investment & Securities flagged 5,200 as a potential floor, equivalent to one times 12-month forward book value, citing persistent foreign selling and thinning turnover. SK hynix’s results now sit at the center of the week. A strong quarter could give buyers a reason to step back in, while a miss would leave the market leaning on a valuation floor about 5 percent below Monday’s close. AJP Takeaways - Foreign investors sold a net 816.5 billion won ($617.1 million) of KOSPI shares, pushing the main index below 5,500 with chipmaker buybacks no longer absorbing the outflow. - The KOSPI closed nearly 40 percent under its June record, while the tech-heavy KOSDAQ fell 3.3 percent. - SK hynix’s results on Wednesday sit at the center of the week, with Korea Investment & Securities flagging 5,200 as a potential floor. Tags: KOSPI, KOSDAQ, SK hynix, Samsung Electronics, Solidigm, KB Financial Group, Hyundai Motor, Korea Investment & Securities, Shinhan Investment, Federal Reserve, Nikkei 225, Tokyo Electron, Advantest October 26, 2026 16 -
KOSPI Falls Below 5500 Amid Foreign Selling and AI Investment Concerns The KOSPI closed down more than 1% as foreign investors sold off shares amid concerns over artificial intelligence (AI) investments. With major events such as the October Federal Open Market Committee (FOMC) meeting, key corporate earnings reports, and the U.S. midterm elections approaching, investor sentiment remained cautious. The KOSDAQ index dropped over 3%, driven by weakness in biotechnology, secondary battery, and semiconductor stocks.On October 26, the Korea Exchange reported that the KOSPI fell by 80.83 points (1.46%) to finish at 5469.47.In the securities market, foreign investors sold a net 754.5 billion won. In contrast, institutional and individual investors bought a net 605.3 billion won and 106 billion won, respectively.Most large-cap stocks declined. Samsung Electronics fell 1.16%, SK Hynix dropped 0.16%, SK Square decreased by 0.77%, LG Energy Solution was down 2.09%, Samsung Electro-Mechanics fell 0.36%, Samsung Biologics dropped 0.95%, Hyundai Motor declined 2.54%, and KB Financial Group fell 3.79%.The KOSDAQ index closed at 727.21, down 24.48 points (3.26%) from the previous trading day.In the KOSDAQ market, institutions sold a net 131.8 billion won, while individuals and foreigners bought a net 92 billion won and 31.5 billion won, respectively.All major stocks in the KOSDAQ also fell. Alteogen dropped 2.67%, EcoPro fell 4.13%, EcoPro BM decreased by 3.45%, JUSUNG Engineering dropped 6.84%, Rainbow Robotics fell 1.42%, HLB decreased by 5.65%, and IOTechniques dropped 6.19%.Market analysts noted that the cautious sentiment ahead of major events and concerns over the sustainability and profitability of AI investments limited the upward momentum of the domestic stock market. Additional tightening fears due to strong U.S. manufacturing data and rising international oil prices amid military tensions in the Middle East were also cited as burdens on the market.Lee Kyung-min, a researcher at Daishin Securities, stated, The KOSPI is exploring direction in the low 5500s ahead of major events. With the October FOMC meeting, key corporate earnings reports, and the U.S. midterm elections on the horizon, cautious sentiment prevails over hasty bargain hunting or panic selling.He added, Concerns over the sustainability and profitability of AI investments remain unresolved, leading to a lack of full recovery in AI investment sentiment domestically, resulting in differentiated trends among stocks. As cautious sentiment deepens ahead of major events, the influx of aggressive bargain buying and the rebound potential of the stock market are limited.* This article has been translated by AI. October 26, 2026 16
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Pyeongtaek Housing Market Sees 40% Price Surge in One Year In the Pyeongtaek housing market, new and nearly new apartments in the Jije and Goduk areas are experiencing a surge in record-high transactions. Some housing types have seen prices rise by over 40% in just one year, with recent sales surpassing previous peak prices even in lower floors.According to an analysis by Aju Economy on October 26, the 64.94㎡ unit at Jije Station The Sharp Central City sold for 845 million won on the 6th of this month. This marks an increase of 245 million won, or 40.8%, compared to the 600 million won price for the same unit type on the 16th floor last November 9.Notably, the recent price range has increased. The highest price for this unit type from 2022 to 2025 was 728 million won, but all nine transactions in September and October this year exceeded that figure. The highest price this month is 19.0% higher than the previous peak of 710 million won in the first half of this year.Price increases are also evident in lower floors. The transaction price for a unit on the 3rd floor rose from 625 million won in May to 770 million won this month, an increase of 145 million won. The price for a 4th-floor unit also increased from 650 million won in the first half of the year to 730 million won last month.A local real estate agent near Jije Station noted, “Until the first half of the year, transactions were led by properties with lowered prices, but recently, sellers of preferred new complexes are raising their asking prices again. Particularly, properties with good access to Jije Station or newer buildings are seeing transactions at higher prices due to waiting demand.”Nearby major complexes have also set new price records. The 59.99㎡ unit at Pyeongtaek Jije Station Xi sold for 680 million won on the 9th, surpassing the previous high of 660 million won. The 84.91㎡ unit at Jeil Pungkyungchae 3rd Centum in Goduk International City sold for 745 million won on the 12th, increasing from 720 million won last month. The 90.31㎡ unit at Hillstate Goduk Sky City also sold for 950 million won on the 12th, rising by 40 million won from the previous high in August.An analysis of 176 complexes and unit types with more than three transactions in the first half and at least two in September and October revealed that 26 combinations in 20 complexes recorded transactions exceeding their previous highs.The price recovery is primarily observed in areas with relatively newer buildings and good access to the Samsung Electronics Pyeongtaek Campus and Jije Station. In the second half of the year, improvements in transportation conditions and continued investments related to semiconductors have been noted. Since October 1, the number of high-speed train stops at Pyeongtaek Jije Station has increased from 70 to 92 per day, and this month, Shinbo announced a contract for electrical work worth approximately 53 billion won at the Pyeongtaek Campus P5.However, the overall price index for the city remains stagnant. According to the Korea Real Estate Agency, as of October 19, the average apartment sale price in Pyeongtaek fell by 0.01% compared to the previous week and has decreased by 2.82% cumulatively this year. It remains to be seen whether the recovery in major complexes in Jije and Goduk will extend to other living areas.Kim Hyo-seon, a senior expert at KB Kookmin Bank, stated, “Pyeongtaek is a market undergoing long-term adjustments compounded by supply burdens. Given the significant differences between the old city and the new town, a selective approach is necessary.” He added, “Even if there are localized benefits from semiconductors, if solid residential demand does not support it, there may be limits to recovery.”* This article has been translated by AI. October 26, 2026 16
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Pyeongtaek Housing Market: Rising Prices Near Gijje Station Amid Concerns Over New Developments In Pyeongtaek, some newly constructed apartments near Gijje Station are setting record prices, while concerns arise in the Gajaje District and Brain City, where pre-sale rights are trading below their original prices. With over 5,700 units scheduled for completion in early 2027 across four major complexes, the demand from actual residents is becoming a key factor in the recovery of Pyeongtaeks housing prices.On October 26, the atmosphere around Gijje Station was filled with optimism regarding rising apartment prices. A real estate agent near the Gijje Station The Sharp Central City noted, Since the regulatory issues in Dongtan emerged, the buying sentiment has changed. Higher-priced complexes in this area are responding, with prices for 84-square-meter units rising from the 800 million won range to over 900 million won.In contrast, the mood shifted as we approached the Gajaje District. Workers were busy at the Gijje Station Semiconductor Valley Ssangyong The Platinum and Gijje Station Semiconductor Valley Harrington Place, which are set to welcome residents in January and February 2027. Although thousands of new apartments are taking shape, local real estate offices expressed concerns about the large influx of new residents.A real estate agent in the Gajaje District stated, The rental prices for 84-square-meter units in the upcoming Ssangyong The Platinum and Harrington Place are around 250 million to 260 million won. Compared to the rental prices in the Godeok area, which are around 350 million won, the price difference is significant.According to local real estate sources, rental prices for similar-sized units near Gijje Station range from the high 300 million won to low 400 million won, which is over 100 million won higher than in the Gajaje District. While differences in transportation access and living infrastructure play a role, the need for new landlords to secure tenants in line with their move-in dates also impacts the market.In Brain City, supply concerns are also emerging. Local real estate offices report that some pre-sale rights are trading at a negative premium of around 70 million to 80 million won. As investment units, initially purchased with expectations of price appreciation, come to market ahead of occupancy, there are predictions of increased supply pressures in both sales and rental markets.The four major complexes set to welcome residents in early 2027 in the Gajaje District and Brain City will total 5,711 units. In the Gajaje District, 1,340 units of Ssangyong The Platinum and 1,209 units of Harrington Place are expected to be completed. In Brain City, Daekwang Rozeviang Grand Centum with 1,182 units and Jungheung S-Class with 1,980 units are also nearing completion.Among these, 4,315 units are 84 square meters, accounting for 75.6% of the total. If a large number of similar-sized new apartments are supplied in a short period, it could lead to price competition among landlords. If rental demand shifts to these more affordable new apartments, it may also impact rental prices in existing complexes.However, there are also views that lower prices could attract external demand. A real estate agent in the Gajaje District mentioned, The rental prices are low enough to attract tenants from nearby areas. There are quite a few people selling their homes in Dongtan and moving down here.Seojin Hyung, a professor at Kwangwoon University’s Department of Real Estate Law, stated, Even if a large number of new units are supplied in Pyeongtaek, some complexes near stations may maintain their prices. However, given the overall increase in supply in the region, there will be limits to overall price increases. It will be difficult for the demand related to Samsung Electronics Pyeongtaek campus to absorb all the new units, leading to potential declines in rental prices in outer areas and stable sales prices.* This article has been translated by AI. October 26, 2026 15
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Hong Ra-hee Receives National Medal of Honor for Philanthropy Hong Ra-hee, honorary director of the Leeum Museum, has been awarded the National Medal of Honor.The Samsung Cultural Foundation announced that Hong received the medal on October 26 for her over 40 years of contributions in the fields of culture, healthcare, and welfare. This honor follows her receipt of the Red Cross Gold Medal in 2024.The National Medal of Honor is awarded by the government to individuals who have contributed to the improvement of national welfare and development. It is divided into five grades, from the highest, the Mugunghwa Medal, to the lowest, the Pomegranate Medal.Hong is recognized for her leadership in enhancing social safety nets and elevating the paradigm of domestic donation culture, embodying the principle of noblesse oblige. She has participated in various social contribution activities, including the donation of cultural heritage and medical support initiated by the late Lee Kun-hee, former chairman of Samsung.In 2021, Hong and her family, including Lee Jae-yong, chairman of Samsung Electronics, donated over 23,000 artworks from the late Lee Kun-hees collection to the nation, enhancing the publics access to culture. The donated works have been showcased in domestic exhibitions at the National Museum of Korea and the National Museum of Modern and Contemporary Art, as well as internationally at venues such as the Smithsonian National Museum of Asian Art in Washington, D.C., the Art Institute of Chicago, and the British Museum. Hong has also participated in overseas exhibition events to promote Korean art.Among the significant contributions from the late Lee Kun-hees estate is a donation of 1 trillion won to the healthcare sector. Of this amount, 300 billion won is allocated for supporting children with cancer and rare diseases, leading to the establishment of the Lee Kun-hee Pediatric Cancer and Rare Disease Support Project. Additionally, 700 billion won is designated for the construction of the National Central Infectious Disease Hospital and the expansion of research and treatment capabilities for infectious diseases.Hong has also been a leader in domestic donation culture. She has consistently donated cash to the Red Cross and became a founding member of the Red Cross Honors Club in 2016, which recognizes high-value donors who have contributed over 100 million won. In 2025, she was inducted into the Red Cross Honors 1 Billion Club.Furthermore, she has contributed 1 billion won to the Youth Happiness Foundation and 355 million won to the Yongsan Welfare Foundation, supporting children, youth, and vulnerable groups. She has also supported the preservation of cultural heritage in Buddhist traditions and welfare projects in various religious communities, including Won Buddhism and Catholicism.* This article has been translated by AI. October 26, 2026 15
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What is HFT? Understanding Foreign High-Frequency Trading As the controversy surrounding high-frequency trading (HFT) continues to unfold during the National Assemblys Financial Services Commission audit, industry professionals are emphasizing the need to address the structural issues of foreign HFT entities artificially increasing volatility in the domestic stock market.HFT is a trading technique that utilizes ultra-fast computer networks and high-performance algorithms to place and cancel large orders in fractions of a second (milliseconds), profiting from minute price differences. Unlike traditional investing that focuses on long-term stock holdings based on company value, HFT involves executing tens of thousands of buy and sell orders within a single trading day, often reducing holdings to nearly zero by market close to avoid volatility risks.According to the financial investment industry on the 26th, there is a consensus among industry players that the statistics submitted during the recent audit indicate a need to examine the misuse of LP licenses and the adverse effects of indiscriminate HFT-style trading.The real reason why operators in Yeouido remain wary of foreign HFT is multifaceted. Practitioners, including equity fund managers at private asset management firms, cite the manipulation of prices for major stocks like Samsung Electronics and SK Hynix, as well as the interconnected algorithms between derivatives and exchange-traded funds (ETFs), as core issues.Industry insiders explain that foreign HFT entities strategically utilize large-cap stocks with high ownership and market capitalization to disrupt intraday supply and demand. Their typical trading pattern involves alternating between selling major stocks and buying derivative ETFs. Initially, they may sell a portion of their large-cap stock holdings to momentarily drive down prices while simultaneously purchasing inverse 2X ETFs to maximize profits from the decline. They then sell the inverse ETFs for a profit and immediately buy 2X leveraged ETFs. Finally, they repurchase the previously sold stocks at a lower price, driving prices back up and securing additional profits from the leveraged ETFs.While foreign net purchases of ETFs are recorded as zero after market close due to the offsetting nature of buying and selling, this rapid trading disrupts the convergence of fair value and maximizes volatility during the trading day. A manager at a private equity firm noted, It is a well-known fact among operators monitoring intraday supply and demand that while foreign entities shake the market, it distorts the fair value of stocks.Concerns have also been raised regarding the effectiveness of measures introduced by financial authorities to prevent overheating in leveraged ETFs, such as increasing the basic deposit requirement (30 million won) and enhancing pre-education. Critics argue that these deposit regulations do not pose a barrier to foreign HFT entities with substantial financial power, but rather restrict the flexible capital management and responses of individual investors.A private fund manager stated, The 30 million won deposit threshold is meaningless for powerful foreign entities, while individual investors already burdened by stock price declines are further hindered from averaging down due to additional deposit requirements, exacerbating their losses.Consequently, the financial investment industry suggests implementing targeted regulations, such as daily trading limits per account and minimum bid maintenance times, to protect the liquidity-providing functions of LPs while addressing the disruptive activities of foreign high-frequency traders.One industry representative emphasized, If we regulate based solely on fragmented statistics without accurately understanding the concept and structure of HFT, we will miss the mark. It is urgent to improve the system to maintain normal liquidity provision by LPs while reducing the disruptive power of high-frequency arbitrage entities. October 26, 2026 15
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What is HFT? Understanding the Reality Behind 'Foreign High-Frequency Trading' The controversy surrounding high-frequency trading (HFT) has sparked differing views on whether to include liquidity provider (LP) trading records during the National Assemblys Financial Services Commission audit. Amid this, industry professionals emphasize the need to address the structural issue of foreign HFT entities artificially increasing volatility in the domestic stock market.HFT employs ultra-fast computer networks and high-performance algorithms to execute and cancel large orders in milliseconds, profiting from minute price differences. Unlike traditional investing that focuses on long-term value, HFT involves executing thousands of buy and sell orders within a single day, often reducing holdings to nearly zero by market close to avoid volatility risks.According to the financial investment industry on October 26, the recent audit revealed HFT statistics that included LP trading records, leading to controversy. However, both lawmakers and industry representatives agree on the need to examine the misuse of LP licenses and the adverse effects of indiscriminate HFT-style trading.Despite the ongoing debate over LP statistics, local operators remain wary of foreign HFT for specific reasons. Fund managers from private equity firms cite the manipulation of stock prices for major companies like Samsung Electronics and SK Hynix, as well as the algorithms linking derivatives and exchange-traded funds (ETFs), as core issues.Industry insiders explain that foreign HFT entities strategically disrupt the supply and demand of large-cap stocks by leveraging their significant holdings. Their typical trading pattern involves alternating between selling major stocks and buying inverse ETFs. They first sell a portion of their large-cap stock holdings to temporarily drive down prices while simultaneously purchasing inverse ETFs to maximize profits from the decline. They then sell the inverse ETFs for a profit and immediately buy 2X leveraged ETFs, ultimately repurchasing the previously sold stocks at a lower price to drive prices back up and secure additional profits from the leveraged ETFs.While foreign net purchases of ETFs are recorded as zero after market close due to offsetting sales and purchases, this high-frequency trading disrupts price discovery and amplifies volatility throughout the trading day. A manager from a private equity firm noted, It is a well-known fact among operators monitoring intraday supply and demand that foreign entities distort the fair value of stocks while shaking up the market.Concerns have also been raised regarding the effectiveness of measures introduced by financial authorities to curb the overheating of leveraged ETFs, such as increasing the basic deposit requirement to 30 million won and enhancing pre-training. Critics argue that these deposit regulations do not pose a barrier to foreign HFT entities with substantial capital, instead restricting the flexibility of individual investors in managing their funds.A private fund manager remarked, The 30 million won deposit threshold is meaningless for powerful foreign entities, while individual investors already burdened by falling stock prices are further hindered from averaging down their costs due to additional deposit requirements, exacerbating their losses.As a result, the financial investment industry suggests that while the role of LPs in providing market liquidity should be thoroughly protected, targeted regulations such as daily trading limits per account and minimum bid duration should be implemented to address foreign high-frequency trading entities that disrupt both spot and derivative markets.One industry representative emphasized, Regulating based solely on fragmented statistics without a clear understanding of HFT concepts and structures can lead to misguided policies. It is urgent to improve regulations that preserve normal liquidity provision by LPs while diminishing the disruptive power of high-frequency trading entities.* This article has been translated by AI. October 26, 2026 15
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KOSPI Declines Amid Heavy Foreign Selling; KOSDAQ Also Sees Increased Losses The KOSPI is experiencing a decline due to significant foreign selling. After dropping more than 0.9% in early trading, the index initially reduced its losses but then resumed its downward trend as foreign selling continued. The KOSDAQ is also showing a nearly 2% decline amid simultaneous selling by foreign and institutional investors.According to the Korea Exchange, as of 1:41 PM, the KOSPI is trading at 5,515.55, down 34.75 points (0.63%) from the previous trading day.The index opened at 5,499.05, down 51.25 points (0.92%) from the last session, and while it managed to reduce some losses, it has again increased its decline.In the securities market, individual and institutional investors have net bought 178 billion won and 468.7 billion won, respectively. In contrast, foreign investors are net selling 688 billion won.Among the top market capitalization stocks, Samsung Electronics (-0.46%), Samsung Biologics (-0.68%), Hyundai Motor (-1.69%), and KB Financial (-3.59%) are all down. Conversely, SK Hynix (1.17%), SK Square (0.39%), LG Energy Solution (0.07%), Samsung Electro-Mechanics (0.98%), Samsung Life Insurance (1.63%), and Samsung C&T (2.08%) are showing gains.At the same time, the KOSDAQ index is reported at 737.44, down 14.25 points (1.90%) from the previous trading day.In the KOSDAQ market, individual investors are net buying 115.1 billion won, while foreign and institutional investors are net selling 37.7 billion won and 79.5 billion won, respectively.Among the top market capitalization stocks, Alteogen (-1.11%), EcoPro (-1.93%), EcoPro BM (-1.72%), JUSUNG Engineering (-5.84%), HLB (-3.85%), and IOTech (-4.58%) are all declining.* This article has been translated by AI. October 26, 2026 13
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SK hynix eyes near-80% margin as investors await bigger payouts SEOUL, October 26 (AJP) - SK hynix, South Korea’s leading supplier of memory crucial to artificial intelligence chips, is widely expected to deliver another earnings milestone this week with quarterly operating profit of about 77 trillion won ($58 billion) and a margin approaching 80 percent. The FnGuide consensus puts operating profit at about 77 trillion won on revenue of roughly 98 trillion won, translating into a staggering operating margin of about 79 percent for the quarter ended September. The profit forecast is about 27 percent above the previous quarterly record of 60.5 trillion won in April–June, 61 percent from 37.6 trillion won in the first quarter, with the operating margin reaching 76 percent. SK hynix releases its third-quarter results Wednesday. Its shares were trading 1.6 percent higher at 1,297,000 won early Monday, recovering from an intraday low of 1,190,000 won on Oct. 20 amid doubts over the sustainability of AI spending, but more than 56 percent below the June 22 intraday peak of 2,987,000 won. Investors are also watching for additional shareholder returns, including a possible distribution of gains from the company’s stake in Japanese NAND flash memory maker Kioxia. SK hynix is considering paying out some of those gains in installments and may make the announcement during earnings call Wednesday. The company invested 395 billion yen in 2018 as part of a Bain Capital-led consortium that acquired Toshiba’s memory business, now Kioxia, for 2 trillion yen. It recovered about 4.12 trillion won from partial disposals in the first quarter. Given the Japanese chipmaker's second-quarter gains at around 20 trillion won, this year’s dividends could substantially exceed last year’s total of 2.1 trillion won. The potential payout would follow a 40 trillion won share buyback announced in August. Purchases were completed on Oct. 21, about a month ahead of the original Nov. 19 deadline, with the acquired shares earmarked for cancellation. SK hynix also strengthened its shareholder-return framework in August, targeting more than 50 percent of cumulative free cash flow for 2025–2027 through dividends, buybacks and share cancellations. That replaced its previous policy of returning up to 50 percent. Samsung Electronics will follow with its detailed third-quarter results Thursday, including a breakdown across its semiconductor, smartphone and home-appliance businesses. Samsung projected operating profit of 107.4 trillion won on revenue of 195 trillion won in preliminary guidance released Oct. 8. Its shares were down 0.7 percent at 214,000 won early Monday. October 26, 2026 10 -
LG Electronics Launches AI-Enhanced Drawer Refrigerator LG Electronics has launched the new LG Dios AI Objet Collection STEM Ice Water Refrigerator model on October 26, enhancing convenience with artificial intelligence (AI) technology and a drawer-style freezer. According to LG Electronics, the new product has revamped the traditional side-opening lower freezer into a mid and lower drawer structure. This design reduces strain on the waist and knees, allowing users to easily check the condition of ingredients from above when opening the drawers. Functionality has also been significantly expanded. The mid drawer (convertible drawer) features a function that allows users to select from 14 customized storage modes for wine, kimchi, meat, and more via the LG ThinQ app. The lower drawer is equipped with freezing capabilities and an automatic ice maker. The Fresh Custom Zone, which supports tailored temperatures for different ingredients, has been expanded from one to two compartments. New AI features have also been added. The AI Fresh Care learns user patterns to perform rapid cooling before meal preparation. During less frequent usage times, it switches to AI Saving Mode to maximize energy efficiency. The AI Voice Recognition provides voice guidance for storage locations and suitable modes, and it supports control of other appliances linked to the ThinQ app. Spatial and visual elements have been improved as well. Through Fit & Max and Zero Clearance Hinge technologies, the gap between the refrigerator and the wall has been minimized to 4mm on each side and at least 9mm on top, achieving a sleek built-in style. The product features a 6.8-inch display and internal light gallery lighting. With a subscription service, users receive product inspections and filter replacements every three months, along with care for the water supply line, outlet, and door packing. Additionally, cleaning care for dust and foreign substances in the rear mechanical compartment is conducted every 36 months. Kim Jae-il, head of LG Electronics Kitchen Solutions Division, stated, Through the convertible drawer model, we aim to provide a differentiated customer experience in the domestic refrigerator market and continue to introduce appliances optimized for customer lifestyles.* This article has been translated by AI. October 26, 2026 10