-
April 16, 2024
Samsung Electronics set to expand chips supply chain after $6.4b US grants
Samsung Electronics is set to accelerate the expansion of its global semiconductor supply chain in the era of artificial intelligence (AI), following a subsidy of $6.4 billion from the US government ...in grants under the 2022 CHIPS and Science Act, aimed at bolstering US semiconductor pr...
-
April 11, 2024
Samsung retains No. 1 spot in US home appliance market
Samsung Electronics retained its No. 1 spot in the US home appliance market for an eighth consecutive year, dating to 2016, thanks to strong sales of key household products including refrigerators and washers, industry data showed Wednesday. According to market tracker TraQline, Sam...
-
April 09, 2024
Samsung hopes to shed Galaxy brand's ‘ajeossi phone’ reputation
Samsung Electronics is striving to shed the reputation of its flagship Galaxy smartphones as "ajeossi" phones among teens and users in their 20s, with short films starring popular TV celebrities. An... 2023, 65 percent of younger users said they used an iPhone, double the numbe...
-
April 09, 2024
Samsung to receive over $6b subsidy from US: report
Samsung Electronics is set to receive between $6 billion and $7 billion in grants from the US government next week as the Korean chipmaker looks to bolster its US production, Reuters reported Monday....he US has reiterated its determination to bring up its share of global advanced chip pr...
-
April 09, 2024
US unveils some $11.6b in grants, loans to TSMC
..., TSMC Arizona has committed to build an additional third fab in Arizona -- part of its investment that the department said helps keep the United States on track to achieve its goal to produce about 20 percent of the world's advanced chips by 2030. The announcement came as South Korea'...
-
April 08, 2024
Samsung Electronics' labor unions vote for strike after wage talks break down
Unionized workers of Samsung Electronics have voted in favor of a strike after failing to reach a deal on wage hikes with management, industry sources said Monday. Out of the 27,458 members across five different labor unions within the tech giant, 20,853 participated in the vot...
-
April 05, 2024
Samsung Electronics anticipates tenfold profit surge in Q1 amid chip market rebound
Samsung Electronics predicted a more than tenfold increase in its operating profit for the the January-March period, signaling a dramatic resurgence in its semiconductor business on rebounding demand... for the second quarter are projected to see a modest increase of 3 to 8 percent, in ad...
-
April 05, 2024
Samsung Electronics expects tenfold jump in Q1 profit as chip demand rebounds
South Korean tech giant Samsung Electronics said Friday its operating profit for the first quarter is estimated to have shot up more than tenfold on rebounding demand for memory chips, beating market...arter operating profit of 6.6 trillion won ($4.9 billion), up 931.3 percent from a year...
-
March 25, 2024
How TV remote button shortcuts for streamers have led to major profit for Samsung, LG
... blue shortcut buttons with Netflix and Disney+ logos to fancier features and operating systems, Samsung Electronics and LG Electronics, the world’s top two TV makers, are pouring resources into conte... The global market for free ad-supported TV has been growing rapidly in recent year...
-
March 21, 2024
US unveils some $20 bln in grants, loans to Intel
The White House announced a plan Wednesday to award Intel nearly $20 billion in grants and loans, marking the Joe Biden administration's largest funding scheme under its initiative to strengthen dome...on in grants and $11 billion in loans under the CHIPS and Science Act, it said, as Sout...
-
March 16, 2024
Major shifts among top market cap stocks on the KOSPI
... battery stocks slipped. According to the data from the Korea Exchange on Saturday, among the top 20 market cap stocks on the KOSPI as of Friday, 15 stocks have changed positions compared to the end ...n the rankings of Celltrion (from 12th to 8th), Shinhan Financial Group (from 18th t...
-
March 15, 2024
Samsung Electronics' unionized workers threaten first-ever strike
Samsung Electronics could face its first-ever labor strike, as unionized workers have secured the right to legally conduct a walkout after wage talks between management and labor have fallen through,...its final wage decision plan. The latest decision has led the labor union, which consi...
-
February 27, 2024
Samsung eyes AI chip leadership with highest-capacity HBM3E
Samsung Electronics said Tuesday it has developed HBM3E 12H, the industry’s first 12-stack HBM3E DRAM and the highest-capacity HBM product to date, going one step further than its rivals in the burge...try's smallest gap between chips at seven micrometers, and also eliminated voids betwe...
-
February 23, 2024
Samsung Galaxy smart band Fit3 to hit shelves
Samsung Electronics said Thursday that it would launch a new fitness band globally, more than three years after unveiling its predecessor in October 2020. The Galaxy Fit3 is designed with an aluminu...rice with the official launch, industry sources predict that it would cost around 100,0...
-
February 20, 2024
Coupang, Yuhan join labor policy-focused business lobby
...t relations. Last year, Coupang became the second-largest employer in the country in 2023 after Samsung Electronics. The number of workers employed by Coupang and its logistics subsidiaries Coupang F...ion of Korean Industries said last week the number of members expanded to 427 after ...
-
February 15, 2024
Apple’s market share exceeds 25% for first time in Korea
...hare exceed 25 percent for the first time in 2023, slightly narrowing the gap with its archrival Samsung Electronics, despite the global economic downturn and decreased demand, a report showed Tuesday...e iPhone 15 series was launched here in October last year, the preorders placed by p...
-
January 29, 2024
South Korean exports to China plunge to three-decade low
... product manufacturing and technological development, spurred by geopolitical tensions and supply chain disruptions, is leading to Korea’s reduced commercial presence in the all-important market. Samsung Electronics, which had topped China’s smartphone sales with 20 percent...
-
January 26, 2024
Hyundai takes earnings crown after profit surge
Hyundai Motor Group pulled in an all-time high annual operating profit of 26.7 trillion won ($20 billion) last year, outpacing Samsung Electronics, which held the No. 1 position among the listed companies in Korea for 14 consecutive years, for the first time. Hyundai Motor Comp...
-
January 24, 2024
SK becomes No. 2 in market cap
...he first time since January 2022 for SK to regain the No. 2 position based on market cap. While Samsung Group has long maintained its No. 1 position for years, SK and LG have competed for second. SK ...ue has fallen about 65 trillion won over the past year. LG Energy Solution alone suf...
-
January 04, 2024
[KH explains] How young are ‘young’ CEOs in Korea?
...ft in the literal sense, like to kick out all those in the 50s and 60s and bring in those in their 20s and 30s,” the official said under the condition of anonymity. Another official also noted how th...heir chaebol chiefs may feel uncomfortable working with CEOs who are older than the...