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July 06, 2022
June Huh becomes 1st Korean descent to win Fields Medal
...focused on poetry instead, thinking that it was a way to express his creativity. Among his research, he came under the spotlight for his joint work in resolving Rota’s conjecture. He received the Samsung Ho-Am Prize in Science for physics and mathematics in 2021. Born in 1983 in Cal...
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July 06, 2022
Samsung chief meets Japanese business leaders
Samsung Electronics Vice Chairman Lee Jae-yong held meetings with Japanese business leaders who were staying in Seoul this week to attend the annual gathering of the Korea-Japan Business Council, according to the tech giant on Tuesday. Lee, the de facto leader of Samsung, on Mo...
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July 06, 2022
Samsung chief’s personal fortune falls by W2tr in H1 as stocks dip
The personal fortune of Samsung Electronics Vice Chairman and de facto leader Lee Jae-yong has decreased by over 2 trillion won ($1.54 billion) during the first half of 2022, as shares of key Samsung...liates -- de facto holding company Samsung C&T, tech giant Sam...
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July 06, 2022
Metaverse offices are the future of work: Zigbang execs
...the cost of recruiting talent. Founded in 2010, Zigbang started off as a real estate brokerage platform for landlords and tenants. Based on 3D, virtual reality and artificial intelligence, it offers digital twin images of apartments. In January, the company bought out Samsung SDS’ sma...
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July 05, 2022
Kospi tumbles to new low for the year
... contribute to concerns of recession and prolonged supply chain woes,” he added. Daishin’s latest adjustment echoes KB Securities’ move to lower its Kospi target range to 2,100-2,750 for the second half of the year. Samsung Securities and Hana Financial Investment each forecast a ra...
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July 05, 2022
Korea, Japan business leaders echo urgent need for summit
... countries. Top business leaders who took part in the meeting include Lotte Group Chairman Shin Dong-bin and Kim Yoon, chairman of Samyang Holdings. Executives from other major firms, including Samsung Electronics, Hyundai Motor and LG Electronics, also joined the meeting. It was a ...
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July 05, 2022
Winds of change shake Samsung’s militant work culture
... South Korea‘s largest and richest conglomerate have been among many features that captured the “Samsung man” -- trained to fit into the gigantic and somewhat militant organization. A shared goal of ...ung Mobile Display, which later merged into Samsung Electronics’ displ...
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July 04, 2022
Retail inflows at 2-year low as recession worries mount
...stment & Securities, adding the broad sell-off could affect blue-chip stocks. Market bellwether Samsung Electronics, whose shares retail investors snatched up the most for the last six months, sank 2...ion won on the world’s biggest electric carmaker, while in the same period 15.3 tri...
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July 03, 2022
‘Understanding human desire crucial to mass market appeal’
...under South Korea’s largest conglomerate told a conference Wednesday. Lee Don-tae, president of Samsung Art and Design Institute, speaking at The Korea Herald’s Global Business Forum in Seoul, said t...designers struggle to keep pace with,” said Lee, formerly head of the corporate d...
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July 03, 2022
Samsung starts mass production of world’s first 3-nm chips
Samsung Electronics said Thursday it has started producing chips using its latest 3-nanometer manufacturing technology -- an industry first globally. The 3-nm technology boasts greater transistor de...e, TSMC took up 52.1 percent of the global foundry market in the fourth quarter last ye...
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June 30, 2022
Kospi’s rebound to 3,000 unlikely to happen anytime soon
...d with those of global IBs. KB Securities, the brokerage unit under the nation’s No.1 banking group by total assets, now projects a target range of 2,100 to 2,750 for the second half of the year. Samsung Securities and Hana Financial Investment each forecast a range of 2,200 to 2,700 ...
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June 29, 2022
4 years in, Koo’s leadership still in making
... was the youngest person to lead one of the nation’s top four chaebol groups, which also include Samsung, SK and Hyundai Motor. Pragmatism is a keyword that defines his four-year tenure. One of the ... operating losses as its smartphone business had long been sandwiched between top t...
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June 29, 2022
Fiscal chief urges businesses to restrain drastic wage hikes
...gulations, labor reforms including of employment terms for contract workers and taxation reforms including a cut in the maximum rate of inheritance tax. Among the participants in the meeting were Samsung Electronics President Rhee In-yong and Hyundai Motor Vice President Chung Sang-bin...
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June 28, 2022
Korea unveils W1tr spending package for AI chip dominance
...in the global chip market. The spending package in the country, home to memory chip powerhouses Samsung Electronics and SK hynix, is aimed at securing a stronger footing in the field of artificial in...was against the backdrop Korean processor makers’ sluggish growth on the global sta...
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June 28, 2022
S. Korean chaebol attend Hyundai Motor chief daughter’s wedding
South Korea’s top business leaders assembled for the wedding of Hyundai Motor Group Chairman Chung Euisun’s eldest daughter at a small church in Seoul on Monday. The VIP list included Samsung Electronics Lee Jae-yong and his daughter, Lee Won-ju. The Samsung chief and his dau...
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June 27, 2022
Panel expert downbeat on Korean investments in premium TV displays
...ch firm UBI Research, cited a slow path to profitability in the cutting-edge panel businesses by Samsung Display and LG Display, despite growing market demand, in a seminar at Coex in Seoul on Thursda...d commercialize its next-generation quantum dot organic light-emitting diode display...
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June 22, 2022
Chaebol groups batten down the hatches
...and spending as they brace for rough times ahead amid widespread fears of an economic downturn. Samsung Group held a rare CEO meeting on Monday, almost five years since a weekly meeting of top execut...Strategy Office, in 2017. According to Samsung, a total of 25 CEOs of key...
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June 20, 2022
Auto biz in focus as Samsung’s Lee returns from Europe
Samsung Electronics Vice Chairman Lee Jae-yong returned to South Korea Saturday, with a renewed focus on the auto parts business. As the de facto leader of Korea’s largest conglomerate arrived at Se...rmaker BMW, a key battery client of Samsung’s secondary battery arm Sa...
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June 20, 2022
[Herald Interview] ABL Bio moves up the ranks with $1b Sanofi deal
...ernational Convention, the world’s largest biotechnology industry gathering that took place in person for the first time in three years. Except in the cases of big companies such as Celltrion and Samsung Biologics, most of the small biotech companies scramble to present their pipeline...
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June 19, 2022
Samsung Electronics shares plummet to 52-week low
Samsung Electronics shares, which account for some 18 percent of South Korea’s benchmark Kospi’s market capitalization, closed at a 52-week low on Friday hit by the prolonged global memory chip suppl... the 60,000-won threshold since Nov. 4, 2020. Foreign investors have been on a selli...
July 07, 2022
