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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 ...
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November 21, 2023
Samsung chief departs for Europe
Samsung Electronics Chairman Lee Jae-yong took off to Britain over the weekend to join a presidential delegation, according to industry sources on Monday, as he faces a decisive ruling that could pos... The trial began in September 2020, when Lee was accused of pushing for an unfair merg...
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November 21, 2023
Samsung chief departs for Europe
Samsung Electronics Chairman Lee Jae-yong took off to Britain over the weekend to join a presidential delegation, according to industry sources on Monday, as he faces a decisive ruling that could pos... The trial began in September 2020, when Lee was accused of pushing for an unfair merg...
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November 20, 2023
[Herald Interview] SK-backed Sapeon to take on Nvidia
...S headquarters in Silicon Valley, California and the Korean office together as “one team.” Before joining Sapeon in June this year, Shebanow worked at several Big Tech companies, including Nvidia, Samsung Electronics and AMD. “It's a privilege to work with SK Telecom. We’re a small...
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November 20, 2023
EcoPro, SK Ecoplant to build EV battery recycling plant in Hungary
...y 2030, Hungary’s battery production is expected to surge by more than sevenfold compared to 2022. The German trio, Mercedes-Benz, BMW and Audi, run car manufacturing plants in Hungary, and Korea-based Samsung SDI and SK On operate production sites there. Chinese battery makers like C...
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November 19, 2023
Samsung family pays tribute to late founder
Samsung Group commemorated the 36th anniversary of the death of Lee Byung-chull, the founder of Korea’s largest conglomerate, in a memorial service Friday. Lee's relatives, including former Leeum Sa...in 1938 to develop it into the country's largest conglomerate. Lee passed away on Nov....
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November 19, 2023
Prosecutors seek 5-year sentence for Samsung chief over fraud connected to 2015 merger
The prosecution on Friday demanded five years in prison for Samsung Electronics Chairman Lee Jae-yong on charges of stock price rigging and accounting fraud connected to the controversial 2015 merger...gging, breach of duty and accounting fraud in the course of the controversial 2015 merg...
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November 16, 2023
Samsung, SK chiefs may accompany president during visit to Netherlands
The heads of South Korea’s top two conglomerates Samsung Group and SK Group are expected to travel to the Netherlands, a semiconductor powerhouse, next month to accompany President Yoon Suk Yeol on h...rillion won in facility investments this year, marking its largest-ever annual investm...
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November 16, 2023
Google offers data residency for Korean corporate clients
...the cloud service provider has supported accelerating customers’ content creation, process automation and information organization, while its key local clients include LG AI Research, Kakao Brain, Samsung Electronics, Kia and Korean Air, according to the company. Kang Hyoung-jun, mana...
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November 12, 2023
Hanlim to debut one-stop real estate service in India
...ts advanced construction skills. Hanlim India, founded this year, has been involved in diverse construction projects, building manufacturing plants for a number of Korean conglomerates, including Samsung Electronics and Hyundai Motor Group, among others. It will also seek to help Kore...
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November 10, 2023
AI in your pocket: Samsung Galaxy S to feature real-time phone call translator
Samsung Electronics’ flagship Galaxy S smartphones will offer a real-time translation function for phone calls, the tech giant said Thursday. The surprise announcement comes a day after it unveiled ...iants. Samsung Gauss would be playing a role in the smooth operation of Gal...
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November 10, 2023
Global minimum corporate tax to take effect in Korea next year
Starting from 2024, multinational companies such as Samsung Electronics and SK hynix, which have overseas factories or subsidiaries, are expected to face increased tax obligations. The Ministry of E...ast two of the last four years. South Korea is expected to have around 200 companies, ...
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November 09, 2023
Samsung Electronics unveils own generative AI, Samsung Gauss
Samsung Electronics on Wednesday debuted its own generative artificial intelligence model, dubbed Samsung Gauss, renewing competition with its archrival Apple and other tech giants in the burgeoning ...installed device base. Samsung Gauss consists of Samsung...
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November 08, 2023
Samsung CEO highlights AI safety research
Samsung Electronics co-CEO Kyung Kye-hyun, who oversees the tech giant's chips business, called on experts to conduct more in-depth research on the safety, trustworthiness and sustainability of artif...is increasing at the same time,” the chip chief said in his opening speech that screen...