-
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 ...
-
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...
-
February 15, 2024
Apple’s market share exceeds 25% for first time in Korea
...hare exceed 25 percent for the first time in 2023, slightly narrowing the gap with its archrival Samsung Electronics, despite the global economic downturn and decreased demand, a report showed Tuesday...h firm Counterpoint Research, while maintaining the No. 2 spot in the Korean smartph...
-
February 15, 2024
Race heats up for multifoldable phones
...first triple-foldable smartphone within the second quarter, aiming to challenge the dominance of Samsung Electronics in the global foldable phone market. Huawei has reportedly begun the development o...Samsung will also likely launch a triple-folding device this year. "Rumor...
-
February 15, 2024
Samsung, Princeton University team up for 6G network tech
Samsung Electronics said Tuesday its California-based research and development unit has partnered with Princeton University to lead innovation in the sixth-generation telecommunications networking system. Samsung Research America has become a founding member of the corporate af...
-
February 13, 2024
Samsung chief inspects battery plant in Malaysia during holidays
Samsung Electronics Chairman Lee Jae-yong last week renewed his will to continue bold investments despite business uncertainties upon his visit to the construction site of a new 1.7 trillion won ($1.... of Samsung Electronics, Samsung C&T and Samsung Engineer...
-
February 13, 2024
Anticipation grows over Samsung chief's next move
As the legal charges have been cleared for Samsung Electronics Chairman Lee Jae-yong in a recent ruling, anticipation is growing that the tech giant will now go in search for mega mergers and acquisi...e top executives of Samsung affiliates including Samsung Electronic...
-
February 08, 2024
GM chair meets battery partners in 1st Seoul visit
...sited South Korea to meet the automaker’s Korean battery manufacturers -- LG Energy Solution and Samsung SDI -- to strengthen their partnerships further and discuss the global electric vehicle transit...to begin operations in 2026. According to reports, Barra also met with high-level ...
-
February 08, 2024
Stage X defies skepticism, vows to launch service in H1 next year
... network quality management to customer service. Stage X targets achieving 1 trillion won in sales with a net profit within the next three years. Seo also said the consortium will cooperate with Samsung Electronics and Apple to introduce the two tech giant's smartphone models that sup...
-
February 08, 2024
Samsung chief heads to Middle East after cleared of merger case charges
Samsung Electronics Chairman Lee Jae-yong took off on a business trip to the Middle East and Southeast Asia shortly following Monday’s court ruling that cleared him of stock manipulation charges in a...cluding stock manipulation and accounting fraud, related to the controversial merger b...
-
February 06, 2024
Court clears Samsung chief of all charges
A Seoul court acquitted Samsung Electronics Chairman Lee Jae-yong of all charges related to a 2015 merger fraud case on Monday, clearing the path for the country's biggest tech giant to push forward ...Samsung executives rigged the company valuation and cooked accounting books i...
-
February 05, 2024
Court to rule on Samsung chief's alleged 2015 merger fraud
A Seoul district court is set to deliver a decisive ruling on Monday for Samsung Electronics Chairman Lee Jae-yong over the 2015 merger fraud case, under which he could face a prison term. The Seoul...igging company valuations and accounting fraud connected to the controversial 2015 merg...
-
February 04, 2024
Merck to expand investment in AI chip leading Korean market
...y it will continue to invest in Korea, the home of the world's two largest memory chip producers Samsung Electronics and SK hynix, in line with the expansion of investment by its Korean clients due to...e next five years with the emergence of various AI applications. The CCO said its ke...
-
February 01, 2024
Samsung reduces chip deficit in Q4 on DRAM recovery
Top memory chipmaker to stick to production cuts, hopes for turnaround in H1 Samsung Electronics said on Wednesday it narrowed the size of the semiconductor deficit in the October-December period, a...he first half of the year and will expand to 90 percent in the second half. In April l...
-
January 31, 2024
Samsung SDI logs record sales in 2023 on strong EV demand
Samsung SDI said Tuesday it posted an all-time high revenue last year with robust growth in sales of electric vehicle batteries. In its earnings report, the company said annual sales revenue soared ...of the premium prismatic battery product P5,” said Park Jong-sun, head of strategic ma...
-
January 31, 2024
Samsung Galaxy S24 hits shelves globally
Samsung Electronics said on Tuesday it is starting sales of its latest flagship smartphone the Galaxy S24 globally, largely buoyed by record preorders made at home over the past week. The new phone,...key markets, including the US, Britain, Singapore, France, and India, from Wednesday. U...
-
January 29, 2024
South Korean exports to China plunge to three-decade low
... product manufacturing and technological development, spurred by geopolitical tensions and supply chain disruptions, is leading to Korea’s reduced commercial presence in the all-important market. Samsung Electronics, which had topped China’s smartphone sales with 20 percent market sh...
-
January 29, 2024
Galaxy S24 series set new all-time presales record in Korea
Samsung Electronics’ latest Galaxy S24 series, touted as its first artificial intelligence smartphone, broke the company’s presales record in Korea, selling 1.21 million units in just a week. After ...1.09 million units during its presale week, but also all of the Galaxy smartphones, a...
-
January 29, 2024
[KH Explains] Will OpenAI, Korean chipmakers team up to take on Nvidia?
...e officer of OpenAI, visited Seoul last week to hold a series of meetings with top executives of Samsung Electronics and SK hynix, the world’s top two memory chipmakers, fueling speculation that the “...opped the global foundry market taking 57.9 percent of sales in the third quarter ...
-
January 26, 2024
Hyundai takes earnings crown after profit surge
...an all-time high annual operating profit of 26.7 trillion won ($20 billion) last year, outpacing Samsung Electronics, which held the No. 1 position among the listed companies in Korea for 14 consecuti...r Lee Byung-chull. The two conglomerates also clashed over the automotive business w...