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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 ...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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...
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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 ...
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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...
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January 24, 2024
Samsung exec touts Galaxy S24 as true phone camera revolution
SAN JOSE, California -- The Galaxy S24 series is the "ultimate collection" of Samsung Electronics' artificial intelligence technology for cameras, allowing users to become "expert photographers" with...24 series starts and ends with AI. Dubbed the ProVisual Engine, it is the ultimate coll...
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January 24, 2024
SK becomes No. 2 in market cap
...he first time since January 2022 for SK to regain the No. 2 position based on market cap. While Samsung Group has long maintained its No. 1 position for years, SK and LG have competed for second. SK ...de its high-profile stock debut as the second most-valued company, worth 118 trillio...
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January 24, 2024
Korean banks ready to step up their game in India
...in more than five years for the lender to add new establishments in the country. The two locations, Chennai and Pune, are where many big-name Korean companies have ventured out. Korean tech giant Samsung Electronics and top automaker Hyundai Motor operate factories in the southeastern ...
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January 23, 2024
One in 10 Korean nationals work in large companies
... working at conglomerates with over 300 people rose by 89,000 on-year. The biggest employer was Samsung Electronics, the nation's No. 1 company by market capitalization, which had 124,070 employees u...3, according to the company's latest semi-annual report on the Financial Supervisory...
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January 23, 2024
OpenAI CEO mulls visiting Seoul to seek chip partner
...hiefs' meeting in Seoul. Industry sources also noted the possibility of OpenAI cooperating with Samsung Electronics, as they believed that the US AI company needs to enhance cooperation in diverse ar...h-performance semiconductors sufficient to be used for ChatGPT. Another anonymous s...
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January 22, 2024
Hybrid operation key to Galaxy AI: Samsung AI chief
..., with the advent of ChatGPT. In its latest Galaxy S24 series, its first AI-powered smartphone, Samsung Electronics took it further to introduce AI features for everyday use, and made the complex pro...e user,” Kim Young-jip, executive vice president and head of the artificial intelli...
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January 21, 2024
Hanlim partners with NBBJ to support Seoul’s urban innovation
...BBJ has garnered international acclaim for its innovative, eco-friendly designs, collaborating with American firms like Amazon, Alibaba and Microsoft, as well as South Korean conglomerates such as Samsung Electronics, Naver and CJ. Hanlim Chairman Park also held discussions with Morpho...