Hooyeon Kim

Samsung Electronics Co. won a contract worth more than $200 billion to make chips for Broadcom Inc., as the companies race to win a larger share of the AI infrastructure market.

Samsung Electronics Co. won a contract worth more than $200 billion to make chips for Broadcom Inc., as the companies race to win a larger share of the AI infrastructure market.

A strong rebound in the won driven in part by SK Hynix Inc.’s record US listing has given South Korean authorities fresh impetus to prod exporters to repatriate their overseas dollars.

South Korea’s foreign-exchange authorities are in close contact with counterparts in the US and Japan, a senior finance ministry official said, a day after Tokyo mounted a large-scale operation to prop up the yen.

The AI boom has prompted global tech giants to raise billions issuing bonds, but for at least one major manufacturer the involvement in credit markets doesn’t stop there.

The South Korean won strengthened past the key psychological level of 1,400 per dollar for the first time in more than 10 months, extending a recovery fueled by a booming semiconductor industry.

The spread between South Korea’s three- and 10-year government bond yields has widened to the highest in nearly five years amid a global selloff in long-dated securities and expectations that Bank of Korea won’t raise interest rates aggressively.

Unprecedented shareholder-return plans by South Korea’s two chipmaking giants are emerging as a key swing factor for the won, potentially extending its recent rally if the firms tap local currency markets to fund the payouts.

South Korea and Japan’s top foreign-exchange officials met in Tokyo on Friday to discuss ways to enhance bilateral cooperation, three weeks after a rare US-Japan coordinated intervention jolted the region’s currency markets and helped bolster the won as well as the yen.

South Korea plans to issue up to 222.8 trillion won ($162.7 billion) of bonds in 2027, a total near this year’s record, as President Lee Jae Myung pushes his expansionary fiscal agenda.