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August 27, 2023
KT CEO nominee to debut at global leadership conference next month
...ndustry leaders to define the strategy and policy for the next generation of digital nations. Some other speakers from local industry players include Kim Woo-june, head of the network business at Samsung Electronics; Chae Seon-ju, president of ESG and a board member at Naver;...
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August 25, 2023
Naver's HyperClova X AI unrivaled in Hangeul
...o encourage their diversity and grow further with our technology," Choi said. “We hope that the system will be established in a win-win way for content companies and technology companies in the AI data learning process,” she said. “We'll also work with global partners such as Samsung...
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August 23, 2023
New FKI chief vows to ensure transparency to 'clean up dark past' as chaebol rejoin
... Geun-hye. At the time, key member companies, including the country's big four conglomerates -- Samsung, Hyundai Motor, SK and LG -- sought to keep a distance from the FKI by terminating membership. ... remained members of the think tank. Among five Samsung affiliates who we...
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August 22, 2023
SK hynix unveils HBM3E, supplies sample to Nvidia
..., Nvidia said. SK hynix has been considered the front-runner in the HBM market, taking up almost 50 percent of the market share as of 2022, according to data released by TrendForce. For this year, the market tracker expects both Samsung Electronics and SK hynix to each take 4...
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August 22, 2023
Big 4 chaebol groups seek to rebuild FKI
South Korea’s top four chaebol groups -- Samsung, SK, Hyundai Motor and LG -- are likely to rejoin the Federation of Korean Industries, the disgraced business lobby group that has remained practicall... “immediate withdrawal in the event of political collusion.” On Monday, key affiliat...
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August 21, 2023
Samsung SDI seeks global tech talent
Some 200 participants attended Samsung SDI's job fair in Korea on Friday, the firm said Sunday, as it seeks to secure top tech talent to continue its growth momentum. In cooperation with local unive...cutives. “It all comes down to people to materialize our business goal. Be the star t...
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August 20, 2023
Listed firms’ earnings plunge in H1
...t on-year. The drop in profit was the largest seen since the KRX began compiling the data in 2005. But the firms' total sales rose 2.28 percent on-year to a record 1,390 trillion won. Tech giant Samsung Electronics accounted for 8.9 percent of the total sales. Yet the avera...
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August 17, 2023
Samsung sells ASML stakes to secure W3tr
Samsung Electronics sold a portion of its stakes in Dutch chip equipment maker ASML and secured 3 trillion won ($2.24 billion) in cash, the company reported in its semi-annual report Monday. In the report, the world’s No. 1 memory chipmaker reported that it held 2.75 million s...
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August 17, 2023
Samsung’s Taylor fab secures first order from AI startup Groq
Samsung Electronics, the world’s largest memory chip maker, has forged a partnership with Groq, a US-based artificial intelligence inference systems provider, securing the first chip order for its se...ounder of Groq said. Marco Chisari, executive vice president of Samsun...
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August 16, 2023
[KH Explains] Samsung, LG to make motor show debuts next month
Samsung Electronics and LG Electronics will attend IAA Mobility 2023, a major global automotive fair, for the first time next month, signifying the South Korean electronics giants’ emphasis on the automotive electronic components market. IAA Mobility, which...
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August 16, 2023
Chip inventory of Samsung, SK hits W50tr
Samsung Electronics’ chip division and SK hynix have seen their inventories surge in the first half of this year, surpassing a combined 50 trillion won ($37.3 billion), according to the semi-annual reports released by the two firms on DART, the Financial Supervisory Service's e...
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August 16, 2023
Lotte chairman highest-paid chaebol leader in H1
... his son Kim Dong-kwan, Hanwha Solutions president, received 4.6 billion won. Hyundai Motor Group Executive Chair Chung Euisun took 3.25 billion won in wages, matching the same period last year. Samsung Electronics Chairman Lee Jae-yong did not receive any wages. He has not ...
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August 13, 2023
Samsung officially launches Galaxy Z Flip5, Fold5 phones in 50 countries
Samsung Electronics on Friday announced the official launch of its latest foldable smartphones -- the Galaxy Z Flip5 and Fold5 -- in some 50 countries, after record preorders for the foldables at home. Starting sales in major countries, which include Korea, the US, Britain, Fra...
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August 10, 2023
Hyundai Motor outpaces Samsung in economic impact for 1st time: data
Hyundai Motor Group’s economic impact on South Korea's economy outpaced that of Samsung Electronics for the first time last year, data showed Wednesday. The combined economic contribution of Hyundai and its smaller affiliate Kia came to 164.6 trillion won ($124.7 billion), goi...
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August 09, 2023
Samsung’s latest foldable phones set preorders record at home
Samsung Electronics’ new foldable smartphones -- the Galaxy Z Flip 5 and Fold 5 -- have yet to be launched, but preorder figures suggest that they are likely to be a super hit. The South Korean tech giant said Tuesday that preorders for the two models amounted to 1.02 million ...
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August 08, 2023
Samsung-backed Rainbow Robotics to co-develop firefighting robots
...robotics technology into other public safety areas in the future,” a Rainbow Robotics official said. Rainbow Robotics was founded by a research team at the Korea Advanced Institute of Science and Technology Humanoid Robot Research Center in 2011. Samsung Electronics is the s...
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August 07, 2023
[KH Explains] Competition heats up in foldable phones
Competition over the growing foldable smartphone market is growing fiercer, as Samsung seeks to maintain the market dominance it has enjoyed since the launch of its first foldable phone in 2019, whil...3, respectively, within this month, according to industry sources on Sunday. Chinese c...
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August 04, 2023
Hyundai Motor invests $50m in Canadian AI chip startup Tenstorrent
...ogy for future mobility. Tenstorrent recently closed a $100 million strategic funding round, for which Hyundai and its smaller affiliate Kia shelled out $30 million and $20 million, respectively. Samsung Catalyst Fund, Samsung Electronics’ evergreen multi-stage ven...
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August 02, 2023
[KH explains] Japan’s reviving chip industry unlikely to pose direct threat to Korea – for now
... chip industry and attract global chip giants such as Taiwan Semiconductor Manufacturing Co. and Samsung to its soil. In June 2021, soon after it succeeded in attracting TSMC to build its first semic...kaging. The country also has Kioxia, which is the world's No. 3 memory chip maker, a...
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August 01, 2023
[KH Explains] Users abandoning Meta's Threads after explosive start in South Korea
...e Group Vice Chairman Chung Yong-jin and Hyundai Card Vice Chairman and CEO Chung Tae-young, were some of the first Threads users, as well as governors and politicians. Major conglomerates such as Samsung Electronics, Hyundai Motor and Nongshim also opened accounts. X’s comp...
October 04, 2023
