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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...
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November 07, 2023
Samsung family to sell stakes worth W2.6tr to pay tax
Family members of Samsung Group, South Korea’s biggest conglomerate, are selling stakes worth some 2.57 trillion won ($1.97 billion) to pay their inheritance tax bill, according to a regulatory filin...an additional deal to dispose of her stakes in other Samsung affiliates -- 0...
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November 06, 2023
[From the Scene] Samsung bets big on package substrates for future chips
SEJONG -- With the increasing demand for next-generation semiconductors globally, Samsung Electro-Mechanics, an electronic parts manufacturing affiliate of Samsung Electronics, has been seeking to take the lead in the chip package substrate market. On Thursday, S...
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November 03, 2023
[Herald Interview] Merck seeks growth with Korean chipmakers
...rman technology firm Merck sees Korea, the home of the world's two largest memory chip producers Samsung Electronics and SK hynix, still an attractive destination for business. “The leading players i...r position is to ensure that we are a successful equipment and materials supplier t...
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November 03, 2023
Yoon hosts private banquet with chaebol chiefs
South Korean President Yoon Suk Yeol invited the chiefs of the country's top conglomerates -- Samsung Electronics, SK Group and LG Group -- to a private banquet Tuesday to discuss pending issues, according to industry sources on Thursday. Samsung Electronics Chairman Lee Jae-yo...
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November 02, 2023
Samsung marks 54th anniversary, highlights unrivaled leadership in technology
Samsung Electronics Vice Chairman Han Jong-hee underscored the importance of maintaining industry leadership in technology as the company celebrated its 54th anniversary on Wednesday. Samsung, one o...ocial responsibility campaign for all employees to make donations and carry o...
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November 01, 2023
Samsung reduces chip losses in Q3, eyes rebound
Samsung Electronics said Tuesday it reduced its deficit in the memory chip business in the July-September period while posting better-than-expected profits in mobile and display businesses. Samsung'...won and 3.1 trillion won will be injected into its chip business and its disp...
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October 29, 2023
Seoul shares make slight recovery after massive fall
...igh. The market is at a stage where we have to watch out for economic slowdown rather than higher rates," Lee Woong-chan, analyst at Hi Investment & Securities, said. On Friday, market bellwether Samsung Electronics closed at 67,300 won, up 0.9 percent from the day before. SK hynix, th...