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November 16, 2023
Samsung, SK chiefs may accompany president during visit to Netherlands
The heads of South Korea’s top two conglomerates Samsung Group and SK Group are expected to travel to the Netherlands, a semiconductor powerhouse, next month to accompany President Yoon Suk Yeol on h...hip production lines in South Korea, as it has announced it will invest $230 billion o...
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November 10, 2023
Global minimum corporate tax to take effect in Korea next year
Starting from 2024, multinational companies such as Samsung Electronics and SK hynix, which have overseas factories or subsidiaries, are expected to face increased tax obligations. The Ministry of E...a system agreed upon by the Organization for Economic Cooperation and Development and t...
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November 07, 2023
Samsung family to sell stakes worth W2.6tr to pay tax
Family members of Samsung Group, South Korea’s biggest conglomerate, are selling stakes worth some 2.57 trillion won ($1.97 billion) to pay their inheritance tax bill, according to a regulatory filin... of assets worth 30 billion won or more, up to a 50 percent tax rate is applied to tho...
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October 25, 2023
[KH Explains] Samsung-SK rivalry heats up for future chips
Competition is heating up between South Korean chip rivals Samsung Electronics and SK hynix to take the lead in the Compute Express Link, or CXL, technology amid its ongoing High Bandwidth Memory chi...ecast by French market research firm Yole Intelligence, the CXL memory will account for...
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October 20, 2023
Samsung unveils foundry road map to lead automotive chip sector
Samsung Electronics, the world’s largest memory chipmaker, unveiled on Thursday its new global foundry business road map, with a particular focus on automotive chips. The plans were announced at Sam...hed the Multi-Die Integration Alliance to create new, customized packaging technologie...
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September 22, 2023
Broadcom slapped with W1.91b fine for abusing market power in Korea
...US chipmaker Broadcom, along with a corrective order, for its unfair business activities against Samsung Electronics. The move came as the US chipmaker forced Samsung to sign a long-term contract to ...teral requests to prevent production disruptions for its smartphone device...
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September 11, 2023
Tax revenue falls on sluggish corporate earnings
...age of 22 percent of the total national tax income since 2020. For instance, Korea’s tech giant Samsung Electronics paid 241.2 billion won in corporate taxes in the first half of 2023. This marks a 9...han the worsened projection of 340 trillion won. The government expects the figure...
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September 11, 2023
Samsung’s H2 open recruitment to start Monday
Samsung Group, South Korea’s top conglomerate, announced Sunday that its official recruitment in the latter half of this year will start Monday, with 20 affiliates joining the massive hiring drive. The key affiliates include Samsung Electronics, Samsung Dis...
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September 04, 2023
Samsung will cement premium market leadership: TV chief
BERLIN -- While the global TV market struggles to move beyond the COVID-19 pandemic, Samsung Electronic said it will strengthen its leadership in making larger and more higher-end TVs, as the market ...ing sales continue to grow for TVs with screens larger than 70 inches from 10.2 percent...
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September 02, 2023
Samsung, LG to boast enhanced connectivity at IFA
... this year’s IFA, Europe’s biggest home appliances trade show, two of South Korea’s tech giants, Samsung Electronics and LG Electronics, are set to showcase their latest premium products that maximize...said it expects to achieve 10 trillion won in revenue this year, and plans to dou...
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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. ...g for reentry, according to the new chairman. "I think they decided to come back wi...
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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 ... Engineering, a machinery company based in South Korea to secure 67.6 billion won. In ...
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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... companies’ combined economic wealth returned to stakeholders as economic impact surg...
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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...t mobile carrier, 62 percent of its customers who made preorders via its online mall w...
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August 04, 2023
Hyundai Motor invests $50m in Canadian AI chip startup Tenstorrent
...a move to secure key technology 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...
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July 26, 2023
New AI alliance launched
...Ministry of Trade, Industry and Energy said Tuesday. The Industry AI Alliance is comprised of the Ministry of Trade, Industry and Energy, public organizations and over 400 domestic firms, including 20 major companies. Some notable players among industry representatives include Hyundai ...
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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 ...they fit the Galaxy so well? … Samsung must be smiling now.” Since 2020, ...
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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...gust inclusion is likely to be made based on the stock price fluctuations observed b...
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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, am...is expected to log 300 billion won in operating profit. KB Securities analyst Kim Dong...
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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 c...ned of up to 10 percent of their total worldwide annual turnover, and the percentage ...