-
July 28, 2023
Samsung logs W4.3tr profit loss in chips, predicts recovery in H2
Samsung Electronics, the world’s largest memory chip maker, said Thursday it will further slash memory chip production and gear up to respond to the rising demand for artificial intelligence-related chips, as its chip business reported a consecutive drop in operating profit for...
-
July 26, 2023
New AI alliance launched
...of Trade, Industry and Energy, public organizations and over 400 domestic firms, including 20 major companies. Some notable players among industry representatives include Hyundai Motor Group, LG Electronics, Hyundai Steel, LG Energy Solution, Samsung SDS and SK C&C. The minis...
-
July 26, 2023
[Exclusive] BTS’ Suga to appear at Samsung's Galaxy Unpacked event in Seoul
Suga of K-pop phenomenon BTS is set to participate in Samsung Electronics' upcoming Galaxy Unpacked event, which will be the tech giant’s first unveiling of its flagship phones at home, according to ...oldable products. In July 2020, the company launched the Samsung G...
-
July 24, 2023
EcoPro highly likely to make MSCI index in August: analysts
... secondary tech-laden Kosdaq, is highly likely to be included in the MSCI Korea Index in August, Samsung Securities wrote in a recent report published Friday. EcoPro is a holdings firm with units Eco... Mobis (22.72 trillion won), Kakao (22.43 trillion won), Celltrion (22.28 trillion w...
-
July 24, 2023
Samsung likely to lose again to TSMC in chips revenue
Samsung Electronics, the world's largest memory chip maker, appears to be lagging behind its rival Taiwan Semiconductor Manufacturing Corp. in terms of revenue from its global semiconductor business for four quarters in a row amid a protracted slump in the global economy. Accor...
-
July 21, 2023
Samsung Pay to stay commission-free to counter Apple Pay’s expansion
Samsung Electronics announced Wednesday that it will not charge any fees to card issuers in Korea for its digital wallet service, Samsung Pay. "We have decided to keep Samsung Pay commission-free," a Samsung official said in a statement. “Sam...
-
July 21, 2023
[Herald Interview] Urbanbase seeks overseas expansion with AI-based home furnishing technology
...the company succeeded in securing Series B and C funding from a slew of backers, including Shinsegae Information & Communication, an information technology arm of retail giant Shinsegae Group, and Samsung Venture Investment, the venture capital arm of Samsung Electronics<...
-
July 18, 2023
Public affairs strategies reshaping at chaebol groups
...ing to OpenSecrets, a nonprofit that tracks corporate lobbying activities in the US. Last year, Samsung spent $5.79 million on lobbying funds, up 74 percent compared to 2020. SK also raised its spend... of Commerce. Here are the key members of the Big Four’s revamped global public af...
-
July 12, 2023
[Herald Interview] Why Korea is a crucial partner for Qualcomm
...tion in next-generation growth engine industries in South Korea, with big name companies such as Samsung, LG and Hyundai. It looks to continue the journey through closer partnerships with key industry...om the fifth-generation network and automobiles to the Internet of Things and extend...
-
July 11, 2023
LG, Hanwha chiefs to visit Poland with Yoon
...s industries. LG Group operates eight different corporations in Poland, including LG Chem, LG Electronics and LG Energy Solution. LG Group’s total Polish output amounted to $12.7 billion last year, w...p Chairman Koo Ja-eun and Daewoo Engineering & Construction Chairman Jung Won-ju. T...
-
July 10, 2023
Samsung Electronics to rebound in Q3: analysts
Samsung Electronics, which was predicted to post its worst quarterly earnings in 14 years in the second quarter, will likely hasten its earnings recovery from the third quarter, led by chip production cuts and the early launch of its new foldable smartphone series, analysts said...
-
July 09, 2023
Samsung Electronics predicts Q2 profit to plunge 96%, hitting 14-year low
Samsung Electronics has predicted an operating profit of 600 billion won ($458.5 million) for the April-June period, a 96 percent plunge to what would be the lowest quarterly earnings in 14 years, amid a severe global downturn in the chip industry. Releasing its earnings guidan...
-
July 07, 2023
Samsung’s new foldable phones to be unveiled on July 26 in Seoul
Samsung Electronics on Thursday sent out invitations to the “Join the Flip Side” unpacking event for its new foldable smartphone series later this month in Seoul, marking the tech giant’s first Galaxy Unpacked on its home turf. Samsung will kick off the summer edit...
-
July 07, 2023
[Herald Interview] Kakao Pay-Siebert mashup picks up speed
...board of directors," Shin said in an email interview with The Korea Herald. Prior to joining Kakao as head of corporate strategy in 2020, Shin took on strategist roles at global companies such as Samsung Electronics and McKinsey. Currently, he leads both the payment and corpo...
-
July 06, 2023
[KH explains] More card issuers jump on Apple Pay bandwagon
...llion members. Shinhan Card remains the industry leader with 14.29 million members, followed by Samsung Card with 12.72 million. Also, according to Hyundai Card’s most recent data, over 25.8 million... prompted Samsung Pay to consider changes to its fee structure, according...
-
July 06, 2023
Samsung may face tighter scrutiny under new EU rules
Samsung Electronics may be subject to the European Union’s new platform service regulations targeting big tech companies, as the Korean tech giant notified the European Commission it meets the EU’s criteria as a “gatekeeper.” On Tuesday, the EU revealed the names of seven c...
-
July 05, 2023
[Herald Interview] EU seeks cooperation with South Korea to de-risk from China amid supply chain woes
...t officials including trade and science ministers, and business leaders to discuss ways to deepen cooperation and explain the necessity of "de-risking" supply chains. Breton said he also met with Samsung Electronics Chairman Lee Jae-yong to discuss the world’s largest memory...
-
July 04, 2023
[Herald Interview] Chip wars: No end in sight
...s vast subsidy campaign to build up domestic competitors to foreign chipmakers. For example, generous subsidies have helped its chipmaker YMTC become a world-class NAND memory firm, competing with Samsung Electronics, SK hynix, Micron Technology and other firms. I think China ...
-
July 04, 2023
Hyundai, Kia to outpace chaebol rivals in Q2 profits
...otor’s quarterly revenue is forecast to hit 39.9 trillion won, up 10.9 percent on year. Such figures would be the largest quarterly numbers in the history of the automaker. Hyundai Motor outpaced Samsung Electronics to take the top spot as the highest earner in the first qua...
-
June 29, 2023
Hyundai invests W2b in auto chip startup
... an official from Hyundai Motor Group. “We could also prevent the chip shortage that had been prevalent during the COVID-19 pandemic.” Following the recent business tie-up with its chaebol rival Samsung Electronics, industry insiders say the world’s third-largest automake...
October 04, 2023
