Korea

Samsung Electronics Vietnam Thai Nguyen Co., Ltd. (SEVT), a Vietnam-based subsidiary of South Korean chaebol Samsung, posted a net profit of KRW106.6 trillion ($709 million) in the first quarter of 2026, up 176 percent year-on-year.

LS Eco Energy, under South Korean chaebol LS Group, will supply power cables for a large-scale AI data center project in Vietnam developed by telecommunications giant Viettel Group

Bithumb, a major virtual asset exchange in South Korea, and SSID, a subsidiary of Vietnam's stock broker SSI Securities, will jointly launch and operate on a virtual asset exchange business in Vietnam.

South Korea's SK Innovation plans to develop a 1,500 MW LNG-fired power plant in Vietnam, partly to electrify a AI data center, highlighting the growing link between energy infrastructure and digital development.

Bank for Investment and Development of Vietnam (BIDV), Vietnam National Payment Corporation (NAPAS), and South Korea's KEB Hana Bank and GLN International, launched a cross-border QR code payment service connecting Vietnam and South Korea on Thursday.

POSCO Future M will invest at least $400 million in Song Cong 2 Industrial Park in Thai Nguyen province, northern Vietnam, in order to build its first large-scale battery materials manufacturing facility in Vietnam.

South Korea's LS Eco Energy, under South Korea's giant LS Cable & System, in a cooperation with Australia's Lynas Rare Earth, will build a rare earth metal factory in Vietnam, the Australian firm announced Thursday.

South Korea's POSCO International is targeting an annual rare earth supply of $230 million from Southeast Asia, as it accelerates efforts to build a stable global supply chain for heavy rare earth elements critical to electric vehicle (EV) traction motors.

South Korea's POSCO Future M plans to invest KRW357 billion ($270 million) in building a new factory plant in Vietnam's Thai Nguyen province, to produce artificial graphite anode materials used in batteries.