IJR News — today's news from every side

IJR News — today's news from every side

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Samsung, SK Hynix Reject $18B Grid Prepayment — Sep 13, 2026Samsung Electronics and SK hynix have rejected KEPCO's plan to prepay about 25 trillion won in electricity bills to fund national grid upgrades, citing the burden on mid-to-long-term strategy and ongoing industry uncertainty. The decision raises questions about KEPCO funding, potential increases in debt, and the feasibility of large-scale grid investments tied to Korea's semiconductor and AI growth.

Marcus Bell If the grid lags, semiconductor expansion and AI data centers will hit bottlenecks no matter how much the companies invest in fabs.

Shareholder group files complaints against minister and CEOs — Jul 22, 2026A Korea Shareholders Movement Headquarters filed complaints against Labor Minister Kim Young-hoon and Samsung Electronics and SK hynix executives over wage deals that link bonuses to operating profits, arguing such bonuses are not subject to labor negotiations and that the ministers and executives breached duties or abused authority. The complaints follow a May wage agreement mediated by the labor ministry that provided a 10.5% special performance bonus for Samsung and a 10% profit-based share for SK hynix, with critics saying management should seek shareholder approval and prevent asset leakage.

Chey Tae-won 944-Billion Won Divorce Order — Jul 24, 2026A Seoul High Court retrial ordered SK Group Chairman Chey Tae-won to pay 944 billion won to his ex-wife Roh Soh-yeong in a property division, a ruling that appears to treat Chey’s SK Inc. stake as divisible assets and follows a Supreme Court remand. The decision, amid ongoing concerns about impact on the group’s holding structure and investor confidence, comes after a previous larger award and signals potential liquidity needs for Chey and strategic implications for SK Group’s ownership dynamics.

SK Hynix plans memory chip factory in Miyagi — Aug 19, 2026SK Hynix is pursuing a memory chip fab in Miyagi Prefecture, northeastern Japan, with talks of an investment in the tens of trillions of won and a plan that would mark its first large-scale overseas production base in Japan, amid a visit by chairman Chey Tae-won. If realized, it would make SK Hynix the third foreign semiconductor maker to operate a plant in Japan, following Micron and TSMC, as Tokyo seeks to rebuild its semiconductor ecosystem and global capacity pressures influence timing and location decisions.

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