September 25, 2023

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• April 14, 2023

  Top court finalizes W1tr fine for Qualcomm

  ...her fees for patents used by smartphone makers. Qualcomm had been receiving 5 percent of handset prices in royalties for CDMA technologies from handset makers who buy Qualcomm modem chips such as Samsung Electronics, Taiwan-based MediaTek and US -based Intel. The watchdog al...

• April 13, 2023

  How Samsung, Hyundai tackle the China dilemma

  ... US-China rivalry in recent years, South Korea’s conglomerates have struggled to strike a balance in their Chinese business. Even though no immediate breakthrough is seen in geopolitical tensions, Samsung Electronics and Hyundai Motor Group -- the nation’s top makers of smar...

• April 12, 2023

  Google fined W42b for abusing market dominance

  ... September 2021, Google was slapped with 225 billion won in fines for using the success of its mobile operating system to limit competition. Google prohibited smartphone manufacturers, especially Samsung Electronics, from developing or installing operating systems using Googl...

• April 12, 2023

  Samsung Display to supply OLED panels for Ferrari cars

  Samsung Display, the display arm of Samsung Electronics, has clinched a deal to supply organic light emitting diode panels for Ferrari’s next generation automobiles, the company said on Tuesday. Samsung Display CEO Choi Joo-sun and Ferrari CEO Benedetto Vig...

• April 11, 2023

  Falling revenue threatens tax cuts

  ... making it difficult for the government to maintain the current tax cuts. "The tax revenue is highly likely to fall below the original estimate," Finance Minister Choo Kyung-ho said when visiting Samsung Electronics’ Pyeongtaek Campus on Friday. “While the overall economy ...

• April 11, 2023

  [KH Explains] Apple ups ante in Samsung's home ground

  ... tech behemoth Apple has long maintained a low profile in South Korea, the home of its archrival Samsung Electronics, where the iPhone maker takes up a “modest” share of the market at about 20 percent...home ground, Samsung recently rebranded its retail store, call...

• April 10, 2023

  Average unit price for exported Korean cars hits all-time high

  ...The car is expected to be priced between $60,000-$70,000. Experts say the auto market is likely to lead the country’s exports, unlike the semiconductor industry, which is headed for a downturn as Samsung Electronics recently announced that it would cut chip production. “Se...

• April 09, 2023

  LG Electronics estimates to log second-highest Q1 profit of W1.5tr

  LG Electronics said Friday it predicted its first-quarter operating earnings at 1.5 trillion won ($1.14 billion), which will likely be the company’s second-highest profit for the January-March period, outpacing Samsung Electronics' financial result for the first time ...

• April 09, 2023

  Samsung Electronics cuts chip production as Q1 profit likely to hit 14-year low

  Samsung Electronics said Friday it was cutting its chip production to a “meaningful level” after reporting a worse-than-expected 96 percent plunge in its quarterly operating profit estimate amid the global chip downturn. “We’re adjusting to lower memory production to a mean...

• April 09, 2023

  LG’s top brass joins forces to garner support for Busan’s Expo bid

  ...isiting the country where sales and production operations of LG’s key affiliates, including LG Electronics, LG Energy Solution and LG Chem, are located, Koo expressed gratitude for the Polish governme...po Bidding Committee, a business-led civilian organization consisting of 11 compani...

• April 05, 2023

  BIE members feel Seoul's fever for Busan Expo

  ... about the company's ESG initiatives. They then took a practice ride on the Office Omnipod by LG Electonics and listened to explanations about the company's state-of-art display technologies. In Samsung Electronics' booth, Specht wrote a short message regarding Busan's bid t...

• April 05, 2023

  Biz leaders circle the Earth more than 64 times to drum up Expo support

  ... Expo Bidding Committee, a business-led civilian organization made of 11 companies including SK, Samsung and Hyundai, have visited 84 countries for negotiations related to the final vote regarding the... as co-chair of the Busan Expo bidding committee and is also the chairman of the KCC...

• April 04, 2023

  Biz leaders welcome BIE delegation, reaffirm support for Busan's Expo bid

  ...the KCCI. Heads from large conglomerates attended the luncheon meeting held in Seoul, including Samsung Electronics President Park Seung-hee; SK SUPEX Council Social Value Committee President Lee Hyu...yo Bridge, Dongbaek Island, White Yeoul Culture Village and Haeundae Blue ...

• April 03, 2023

  Samsung SDI opens R&D center in Shanghai

  Samsung SDI said Sunday that it opened a new research and development center in Shanghai on Saturday, completing its global network of research facilities around the world. The new center, called SD...talent pools, we will further bolster our pursuit of outstanding technological competit...

• March 31, 2023

  Korean chips act aims to extend tax cuts for local chipmakers

  ...e Restriction of Special Taxation Act, which raises the corporate tax break for facility investment in the semiconductor and other strategic industries to 15 percent for large corporations such as Samsung Electronics and SK hynix, from the previous 8 percent. The tax deductio...

• March 30, 2023

  [History through The Korea Herald] From $10b to $680b: S. Korea’s glory road to export-driven prosperity

  “Textile exports declined in relative terms in the 1980s, replaced by consumer electronics, computers and semi-conductors as lead exports. In 1983, the first Hyundai cars were exported,” the report b...20 percent of total exports by South Korea last year. The industry is spearheaded by ...

• March 27, 2023

  Samsung chief travels to China first time in 3 years, meets with key officials

  Samsung Electronics Chairman Lee Jae-yong is making the most out of his first trip to China in three years, inspecting the affiliates’ production facilities, meeting with key Chinese officials and at...gional corporate heads of Samsung affiliates in Tianjin -- Sa...

• March 26, 2023

  Samsung chairman arrives in Beijing to attend China business summit

  Samsung Electronics Executive Chairman Lee Jae-yong on Thursday arrived in Beijing to attend a high-profile corporate summit this weekend, according to industry sources Friday. It is the first time in three years for the de facto leader of Samsung Group to visit China...

• March 23, 2023

  Korea, Japan to expedite trade talks after summit

  ...ation between high-tech manufacturing companies in Korea, such as semiconductors, and Japanese materials, parts and equipment companies. “For Japanese companies that supply parts and equipment to Samsung Electronics and SK hynix, the advantages of geographical proximity in t...

• March 23, 2023

  Samsung, SK breathe tentative sigh of relief over US chip subsidy rules

  ...bsidy and have production facilities in China, "loosening" the restriction by allowing the limited expansion of production capacity in China. Home to two of the world's largest memory chipmakers, Samsung Electronics and SK hynix, Korea's chip industry is somewhat relieved tha...