September 30, 2023

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NEWS

• 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...

• March 23, 2023

  Samsung Group celebrates low-key 85th anniversary

  South Korea's largest conglomerate, Samsung Group, on Wednesday marked the 85th anniversary of its founding in a low-key manner. It is the first year that the big day has been celebrated following de facto leader Lee Jae-yong’s promotion to executive chairman of Samsung El...

• March 22, 2023

  Apple Pay makes Korean debut after 10-year wait

  ...is also the main reason why rival Korean credit card issuers are still hesitant to adopt the service, the sources said. What's more, at present, almost 80 percent of smartphone users in Korea use Samsung or Android phones and iPhone users make up less than 20 percent. Apple Pay made i...

• March 22, 2023

  Samsung CEO hints at buyout of Rainbow Robotics

  Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said Tuesday that the tech giant was in talks to secure a greater stake in Rainbow Robotics, a local humanoid robotics company, in an apparent move to ramp up its presence in the burgeoning robotics market. At a press ev...

• March 20, 2023

  Samsung, SK hynix likely to suffer deficit in Q1 chip business

  South Korea's leading semiconductor makers, Samsung Electronics and SK hynix, are likely to post deficits of billions of won in the first quarter of this year amid weakening memory chip prices and higher inventories. Posing great challenges for the firms are accumulated substan...

• March 17, 2023

  Samsung ups stake in Rainbow Robotics

  Samsung Electronics has purchased more shares in Rainbow Robotics, a local humanoid robotics company, in an apparent move to ramp up its presence in the burgeoning robotics market. In a regulatory f...eung-yoon, a senior analyst at Eugene Investment and Securities said. “Deta...

• March 17, 2023

  Korea, Japan biz groups to create future partnership fund

  ...as Korean business tycoons are visiting Japan for a roundtable with Japanese business moguls. The FKI and Keidanren organized the Korea-Japan business roundtable for Friday. According to the FKI, Samsung Electronics Executive Chairman Lee Jae-yong, SK Group Chairman Chey Tae-...

• March 16, 2023

  Samsung to spend W60tr for balanced growth in rural areas

  Since Lee Jae-yong was crowned Samsung Electronics’ new executive chairman in October last year, the de facto leader has visited the group’s manufacturing facilities across regions, starting with Gwangju, to inspect production sites and emphasize “win-win cooperation” and re...

• March 15, 2023

  S. Korea, Dutch trade ministers pledge to bolster ties on chips

  ...ast year between Dutch Prime Minister Mark Rutte and South Korean President Yoon Suk Yeol. Advocating for the country’s semiconductor industry -- led by the world’s two largest memory chip makers Samsung Electronics and SK hynix -- Ahn asked for close consultation to minimi...

• March 15, 2023

  Apple Store to open near 'Samsung Town' in Gangnam

  ...re in South Korea later this month, expending its presence in the country, home to its archrival Samsung Electronics. Named Apple Gangnam, the store will open near the Shinnonhyeon Subway Station in ...rn Seoul on March 31. The location is less than a kilometer away from thre...

• March 14, 2023

  Samsung Pay boosts ties with Naver, Kakao to cement payment leadership

  In an apparent move to counter Apple Pay’s long-awaited debut this month, Samsung Pay is seeking a stronger alliance with local mobile payment providers to consolidate its digital payment service's dominant position at home. Samsung Electronics has been in discussion...

• March 14, 2023

  Diplomacy urged to ease concerns over US CHIPS Act

  ...tly disclosed some "unusual" requirements for its $52 billion semiconductor funding program aimed at securing an upper hand against Beijing. Home to two of the world's largest memory chip makers, Samsung Electronics and SK hynix, the South Korean government has also raised co...

• March 12, 2023

  Korean auto, battery sectors brace for EU-first act

  ...battery EVs in Europe, the official said the automaker may have to increase the production capacity of EVs at its plants in the Czech Republic and Slovakia. Although Korean battery makers -- LG Electronics, Samsung SDI and SK On -- set up manufacturing plants in Europe and ha...

• March 10, 2023

  OLED TV war looms as Samsung returns after 10-year hiatus

  Samsung Electronics on Thursday debuted its first organic light-emitting diode TVs in a decade at home, making official its comeback to the fast-growing premium TV segment, which is currently dominated by its crosstown rival, LG Electronics. The tech giant held a medi...

• March 10, 2023

  Ex-TSMC engineer joins Samsung’s chip packaging team

  Samsung Electronics has hired veteran engineer Lin Jun-cheng, who previously worked at the tech giant’s foundry rival, Taiwan-based TSMC, according to local reports on Thursday. Lin was recently app... as Samsung beefs up efforts to strengthen its prowess in chip pac...

• March 09, 2023

  Samsung CEOs to discuss inclusivity with female employees

  Celebrating International Women’s Day this week, Samsung Electronics’ top brass will hold luncheon talks with female executives to discuss woman’s leadership in the workplace, the tech giant said Wednesday. Its Co-CEOs Han Jong-hee, the mobile device and home appliance busin...

• March 09, 2023

  LG welcomes more rivals entering OLED TV market

  LG Electronics, the dominant No. 1 company in the organic light-emitting diode TV market, said Wednesday it welcomes more tech firms, including its archrival Samsung Electronics, entering the fast-growing OLED TV market. Ahead of the official release of its 2023 TV li...

• March 08, 2023

  Samsung’s retail store renamed as ‘Samsung Store’

  Samsung Electronics said Tuesday its retail store brand Samsung Digital Plaza will be renamed as Samsung Store from Wednesday – the first revamp since the brand was launched in 2000. In addition to some 360 retail stores nationwide, all shops within departm...

• March 08, 2023

  [Newsmaker] Women make up just 24% of workforce at major companies

  ...ear. Female workers working in the finance sector were paid the second-highest at 74.2 million won, followed by those in the automobile industry at 61.2 million won. By company, women working at Samsung Electronics were paid the most, with a yearly income of 97.7 million won...

• March 07, 2023

  [KH Explains] Will rise of ChatGPT save chipmakers from mounting inventories?

  ...ll kinds of data -- not only texts but also images, videos and codes. “The increase of natural language-based, conversation-style AI services will have a positive impact on future memory demand,” Samsung Electronics Executive Vice President Kim Jae-june said during the comp...