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December 22, 2023
Huawei to spur Korea’s digital shift next year: CEO
... amid lingering concerns over security risks surrounding the firm, with the US reportedly urging Korea to reject Chinese technologies. Regarding whether the Chinese firm plans to collaborate with Samsung Electronics' foundry, he gave a neutral response, stating, "We're always open to c...
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December 21, 2023
Big firms skip year-end brouhaha, offer days off instead
South Korean conglomerates are skipping official year-end ceremonies and recommending employees to take their annual leave to close out 2023. Samsung Electronics, the country’s largest conglomerate, is rounding out the year without any official year-end ceremony -- or "jongmusik" in Kor...
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December 20, 2023
French business tycoons visit Korea to meet with KCCI
...tended by 30 top conglomerates and government officials from the two nations, the business roundtable discussed strategic partnerships in the energy and technology sectors. The top executives from Samsung Electronics, SK Group, LG Electronics, Kia as well as Accor Group, Air Liquide and...
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December 19, 2023
Overseas construction orders to exceed $30b for fourth year
...n companies flocked to establish electric vehicle and battery factories there, in response to the US Inflation Reduction Act signed into law in August last year. Some of the notable deals include Samsung C&T's $4.7 billion order for Samsung Electronics' semiconductor plant in...
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December 17, 2023
Samsung's AI model to be trained on 20,000 telecom-related academic papers
Samsung Electronics inked a partnership with the Korean Institute of Communications and Information Sciences for access to telecommunication-related academic papers to use in the training of its arti...mails, summarize documents and translate content. Two other functions are Samsung<...
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December 17, 2023
Samsung chief returns from Netherlands, satisfied with ASML deal
Samsung Electronics Chairman Lee Jae-yong hinted at his satisfaction over his trip to the Netherlands with President Yoon Suk Yeol on Friday, saying that most of the achievements made there were focu...EUV machine into Korea, it is more important for us to build the partnership (with ASML...
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December 14, 2023
[KH explains] Will ‘chip alliance’ help Samsung, SK secure more ASML machines?
...y, South Korean President Yoon Suk Yeol and the chiefs of the country's top two conglomerates -- Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won -- met with Dutch King Wil...produced, has become a mission for global chip suppliers and governments. It is no e...
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December 13, 2023
Germany’s lukewarm EV sales alarm Korean battery makers
...spended tax breaks for those buying plug-in hybrid cars running on gasoline engines along with electronic motors. The report said the electric car sales slump in Germany, which took up 32 percent mar...ion is beginning to see a slowdown in EV demand. Korean battery makers like LG Ener...
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December 12, 2023
Samsung sets out in search of ‘unprecedented’ technology
Samsung Electronics has established new teams devoted to forging new ideas for the future of its smartphones and home appliances businesses, according to the company on Monday. The latest organizati...d entities within the conglomerate, with its main focus on consumer devices and applian...
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December 11, 2023
Samsung, SK chiefs to visit ASML to discuss chip alliance
Samsung Group Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won are set to travel to the Netherlands this week to strengthen business ties with ASML, the sole provider of equipment critical in...emanufacturing methods to repair and improve machinery for clients in the country, whic...
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December 07, 2023
LG Display launches voluntary redundancy program in efficiency drive
...achieved a remarkable improvement in profit while serving as the CEO of LG Innotek, LG Group's electronic component manufacturer, from 2019 to 2022. At LG Innotek, Jeong shut down the company's loss-...G Display took 50 percent of the global automotive OLED panel market, while its cros...
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December 04, 2023
[KH Explains] Why foreign investors continue to be net buyers despite short selling ban
...de, Industry and Energy showed Friday. As figures show the semiconductor industry has passed the bottom of its dip, foreign investors are increasing their stake in big-name tech giants, including Samsung Electronics and SK hynix. From Nov. 6 to Friday, foreign investors net bought 1.7...
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November 30, 2023
Samsung promotes execs in 30s, 40s for future growth
Samsung Group's key technology affiliates -- Samsung Electronics, Samsung Display and Samsung SDS, Samsung SDI and Samsung Electro-Mechanics -- on Wednesday promoted a swath of young executives in their 30s and 40s as part of their ongoing...
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November 30, 2023
Corporate Korea explores new opportunities in Expo bid
...s linked with the BIE, the World Expo's organizing body, SK Group said. From January this year, Samsung Electronics Chairman Lee Jae-yong traveled to many countries as part of the presidential delega...ung-chull established a sugar factory in Busan, devastated after the Korean War." E...
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November 29, 2023
Samsung's Harman acquires audio platform Roon
Harman, Samsung Electronics' audio and automotive component subsidiary, said Tuesday it acquired Roon, a popular music player platform, to strengthen its home audio business. Roon is a music player ...any audio device and a playback engine designed to deliver the best possible sound, acc...
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November 28, 2023
Samsung sets up control tower for new growth drivers
The latest reshuffle comes amid Samsung's poor earnings record suffering from sluggish demand and the possibility of a leadership vacuum as the company's chairman faces a decisive ruling. In the lat...nt in stock price rigging and accounting fraud connected to the controversial 2015 merg...
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November 24, 2023
Top conglomerates to start executive reshuffles
...gular reshuffle of executives to gear up for the coming year, starting with LG Group this week. Samsung Electronics, SK Group and Hyundai Motor Group, the top three conglomerates in order, are expect...on Bong-seok and LG Chem Vice Chairman Shin Hak-cheol are expected to remain in thei...
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November 23, 2023
Samsung may head to San Jose to unveil new Galaxy S phones
Samsung Electronics may hold its unpacking event for its flagship Galaxy S24 smartphone lineup in January, advancing the date by two weeks compared to last year’s event, in archrival Apple’s backyard for the first time, according to industry sources on Wednesday. Samsung is p...
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November 23, 2023
[KH Explains] Why Apple's iPhone15 is selling better in Korea than China, Japan
... the iPhone 15 with 30.7 percent. The upbeat iPhone sales on the home turf of Apple’s archrival Samsung Electronics come in stark contrast to China and Japan, the key markets for Apple’s iPhones. Ch... in the third-tier group due to the smaller market size for Apple since it is the ...
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November 22, 2023
Samsung retains No. 1 spot in TV sales; LG tops OLED market
LG Electronics secured the top position in the global OLED market for 11 consecutive years, selling 2.03 million units accumulated from January to September. The number of units accounted for a 55 percent share in terms of shipments, according to Omdia. According to LG, the demand for ultra-large ...