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March 04, 2024
Korean stocks benefit from Zuckerberg's Seoul visit
...ntion. In a report on Friday, Korea Investment and Securities suggested eight stocks, including Samsung Electronics and LG Electronics, that would benefit from Zuckerberg's visit to Seoul. Traveling...t Yoon Suk Yeol and business leaders during his three-day trip, including separate m...
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February 29, 2024
[KH Explains] What does Apple's dead car project mean for Samsung, Hyundai?
... to affect the future strategies of its rivals across industries. There will be no exception for Samsung Electronics and Hyundai Motor Group, the nation’s top companies that seem eager to secure an ea...tors, and having strong affiliates operating in battery and auto parts, rumors were...
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February 29, 2024
Yoon, Zuckerberg discuss AI, digital ecosystem in Seoul
...on, according to the presidential office. Additionally, the Meta founder reportedly pointed out Samsung Electronics’ global competitiveness in the foundry business raises the importance of its partne... “(The president said) Regarding investment near Seoul to create an ecosystem for...
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February 28, 2024
Zuckerberg meets LG’s top brass in Seoul over XR partnership
..., the first official visit since 2013. Industry sources said Zuckerberg was likely to meet with Samsung Electronics Chairman Lee Jae-yong to discuss ways to cooperate with AI chips and XR business du...he did during his last trip to the country. Zuckerberg met with Lee in Korea in 2014...
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February 28, 2024
Kakao Pay vice president appointed head of securities unit
...kao Pay Securities' presence in global markets, especially through overseas payment solutions and the attempt to acquire US brokerage Siebert, have been noteworthy, according to the firm. Before joining Kakao Pay, Shin gained experience in the technology and platform business sectors through rol...
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February 27, 2024
Samsung eyes AI chip leadership with highest-capacity HBM3E
Samsung Electronics said Tuesday it has developed HBM3E 12H, the industry’s first 12-stack HBM3E DRAM and the highest-capacity HBM product to date, going one step further than its rivals in the burge...o manage their resources more flexibly and reduce the total cost of ownership for data...
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February 27, 2024
SK chief ambitious about leading AI era with ‘much more’ services
... for future growth engines by participating in global tech events, including the MWC and the CES 2024, the world’s largest tech trade show, in Las Vegas, last month. On the same day, Chey visited Samsung Electronics' showroom with the tech giant mobile chief Roh Tae-moon and experienc...
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February 27, 2024
[KH explains] Why Korea has been so quick to adopt ‘global minimum tax’
Industrial impact According to government estimates, about 250 companies, including Samsung Electronics and Hyundai Motor Group, will be subject to the 15 percent minimum rule. Authorities cautione...and at 8.5 percent and Hungary at 9 percent, will also face negative impacts. LG Chem, ...
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February 27, 2024
Zuckerberg to discuss developing mixed reality headset with LG chief
...industry and its usage. Apple launched its first AR headset, Apple Vision Pro, early this month. Samsung Electronics has teamed up with Qualcomm and Google to develop XR technology and is expected to ...During his trip, the Meta CEO is predicted to meet with President Yoon Suk Yeol and ...
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February 27, 2024
Samsung joins global AI-RAN alliance to lead 6G technology
Samsung Electronics said Monday it has formed an alliance with global Big Tech firms to research sixth-generation technology and create an ecosystem through the convergence of artificial intelligence...rators through AI-based use cases and innovations,” said Charlie Zhang, senior vice pr...
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February 23, 2024
Samsung, LG maintain TV leadership amid Chinese rush
Korean TV makers Samsung Electronics and LG Electronics cemented their leadership in the global premium TV market in 2023, but they have been warned to gear up for Chinese rivals flooding the market ...ing display TV sector, with LG taking the top position at 48 percent market share by re...
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February 23, 2024
Samsung Galaxy smart band Fit3 to hit shelves
Samsung Electronics said Thursday that it would launch a new fitness band globally, more than three years after unveiling its predecessor in October 2020. The Galaxy Fit3 is designed with an aluminu...also send out an SOS message, informing of an emergency. It also has enhanced connecti...
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February 22, 2024
Meta CEO to visit Seoul next week possibly on AI partnership
...etails of his upcoming trip are unknown, sources predicted that the Meta founder could meet with Samsung Electronics Chair Lee Jae-yong, as he did during his first trip to Korea in June 2013. If the ...n meeting in Seoul for a partnership. Following the meeting, the Korean tech giant ...
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February 22, 2024
Samsung, UK's Arm team up to produce advanced AI chips
Samsung Foundry, Samsung Electronics' chip manufacturing arm, is teaming up with the UK's Arm to adopt the firm's design assets for Samsung's most advanced chip-making process technology, Gate-All-Around, which aims to boost the company's edge in the global AI chip sec...
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February 20, 2024
Samsung’s first integrated labor union sets sail
A labor union comprising workers of four Samsung Group affiliates was officially launched Monday, as employees seek ways to break away from the unreasonable relationship between workers and managemen...nes and home appliances unit, 4,100 from Samsung Display, 3,400 from Sam...
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February 20, 2024
Coupang, Yuhan join labor policy-focused business lobby
...panies, has differentiated itself by focusing on regulations and legislation tied to labor-management relations. Last year, Coupang became the second-largest employer in the country in 2023 after Samsung Electronics. The number of workers employed by Coupang and its logistics subsidiar...
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February 18, 2024
Samsung chief inspects bio biz site, urges employees to go beyond limits
Samsung Electronics Chair and Samsung Group leader Lee Jae-yong on Friday visited the group’s biotech arm in Incheon, calling on executives and staff members to set higher goals after the unit posted all-time high earnings last year. At Samsung Biologics’ biopharmac...
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February 18, 2024
Hyundai Motor to cut foreign chip reliance with local push
...ales support over international suppliers. In June last year, Hyundai already took a step in this strategic direction by announcing its plan to source semiconductors for infotainment systems from Samsung Electronics starting in 2025. Samsung Electronics said that its Exynos A...
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February 16, 2024
Activist funds demand W1tr Samsung C&T payout
A tense faceoff between shareholders and Samsung C&T management is expected, as five foreign activist funds have teamed up to demand the Korean firm return its profit to shareholders through dividend...egular shareholders meeting slated for March 15. Samsung C&T, the constructio...
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February 16, 2024
Is shareholder activism finally taking hold in South Korea?
...15, the US hedge fund giant Elliott Investment Management questioned the controversial merger of Samsung C&T and Cheil Industries but was later defeated in court. “Recently there has been a big surge...accountability, implementing stricter disclosure rules for large shareholders, and ...