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October 04, 2023
Samsung chief explores new growth drivers in Middle East
Samsung Electronics Chairman Lee Jae-yong traveled to key locations of Samsung's business in Saudi Arabia, Egypt and Israel during the six-day Chuseok holiday in South Korea to explore new business opportunities in the region, the tech giant said. Lee’s latest trip to the Midd...
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October 03, 2023
Lotte names ex-Samsung exec as new design chief
South Korean retail giant Lotte Group on Wednesday named Lee Don-tae, former president of the Samsung Art and Design Institute, as its new head of design strategy. Upon his appointment, Lotte announ... Apple's first iPhone. During his 16 years at Tangerine, Lee worked with major companie...
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September 26, 2023
Rebellions' AI chip to undergo IBM quality testing
...s collaborated with top-tier firms in various AI sectors, including chip design and software, to cultivate a comprehensive AI ecosystem. Among its 15 global collaborators are industry leaders like Samsung Electronics, Synopsys, and Applied Materials. Dr. Oh Jin-wook, chief technology o...
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September 26, 2023
Samsung Biologics attends CSLA investor forum
Samsung Biologics said Monday the company participated in CSLA's flagship investor forum which was held in Hong Kong on Sept. 11-14, to promote the company’s vision and business strategy. The invest...sung Biologics was the only Korean pharmaceutical firm to attend the event. “Investo...
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September 26, 2023
KB chief hopes successor transforms group into 'Samsung of finance'
...ong-kyoo, said Monday that he hopes his successor will realize his unattained goal to grow the group as a top-10 financial firm in the world. "I previously said I want to turn the group into the 'Samsung of finance,' but now that I look back, I feel a lot of regret when thinking about ...
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September 22, 2023
Broadcom slapped with W1.91b fine for abusing market power in Korea
...ea’s antitrust regulator said Thursday it is imposing a fine of 19.1 billion won ($14.2 million) on 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 ...
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September 22, 2023
KG Mobility vows to export 200,000 cars by 2026
...on Motors, whose name will be changed to KG M Commercial, mostly use LG Energy Solution’s batteries, according to the company. From next month, they will also install cylindrical batteries made by Samsung SDI for enhanced performance. As for future mobility business, it will further d...
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September 21, 2023
Samsung SDI certified 100% 'Zero Waste to Landfill' at home
South Korea’s leading battery maker Samsung SDI said Wednesday it has achieved the highest certification of "Platinum" from UL Solutions’ Zero Waste to Landfill program for all six facilities at home... also recognized for their 100 percent recycling efforts in this year’s evaluation. ...
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September 21, 2023
Late Samsung chairman’s Jindo dog project gets spotlight
Samsung Group late Chairman Lee Kun-hee’s Jindo dog preservation project is getting a renewed spotlight as the group’s guide dog school marks its 30th anniversary this year. According to industry so...cess, recognized the Jindo dog as a breed with "excellent breed standards." It was i...
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September 20, 2023
[KH Explains] Why Korean battery makers’ mass hiring still ‘not enough’ for tech race
...ttery makers have gone on a hiring spree, and it shows no signs of stopping. LG Energy Solution, Samsung SDI and SK On have hired thousands of new employees during the first six months of this year al...1,688 workers in the January-June period, with its total workforce surging to 11,793...
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September 20, 2023
Samsung Biologics stands tall among pharma giants
South Korean biopharmaceutical company Samsung Biologics said Wednesday that the company achieved a stellar performance last year to stand shoulder to shoulder with top global pharmaceutical companie...Biologics’ 2022 revenue jumped to $2.4 billion from $1.3 billion in the previous year....
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September 20, 2023
Samsung’s guide dog school marks 30th anniversary
Samsung Group’s guide dog school, which began operations after the late Chairman Lee Kun-hee’s new management declaration in September 1993, celebrated its 30-year anniversary Tuesday. Samsung held a ceremony commemorating the occasion at Samsung Guide Dog School in...
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September 19, 2023
Samsung Biologics signs $242m deal with BMS
Samsung Biologics said Monday that the company signed a $242 million contract manufacturing deal with Bristol-Myers Squibb subsidiary Swords Laboratories to produce immunotherapy treatments until 203...ction capacity, fast manufacturing speeds and consistent, high-quality output,” an off...
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September 18, 2023
Deutsche Bank to inject 150m euro into Seoul branch
... include Shinhan Financial Group Chairman Jin Ok-dong, Woori Financial Group Chairman Yim Jong-yong, Mirae Asset Securities Chairman Choi Hyun-man, NH Investment & Securities CEO Jeong Young-chae, Samsung Life Insurance CEO Jeon Young-muk and Korean Re CEO Won Jong-gyu. Also, throughou...
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September 18, 2023
‘Korean battery makers to catch up with Chinese rivals by 2025’
...sday. “Due to China-made low-priced lithium iron phosphate (LFP) batteries, LG Energy Solution, Samsung SDI and SK On’s combined market share worldwide dropped from 30.4 percent in 2021 to 23.8 perce...the cited period. The CEO projected that the operating profit margin for LG Energ...
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September 18, 2023
Samsung secures upper hand in patent fight against BOE
Samsung Display has gained an upper hand in its legal fight over patent infringement against its Chinese rival BOE Technology, as the US trade agency backed the Korean firm's claims. On Monday, the ...it a month after the investigation was announced. BOE has fought back, filing a lawsui...
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September 18, 2023
S. Korea becomes EU’s 7th-largest source of imports: KITA
...ts of finished products and parts decreased in the period. However, Korea’s exports of battery materials to Poland and Hungary increased, as Korea’s top three battery makers -- LG Energy Solution, Samsung SDI and SK Innovation -- run battery plants in the two Eastern European countrie...
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September 13, 2023
Samsung SDS unveils generative AI model for corporate clients
South Korean IT solutions provider Samsung SDS unveiled new services that will allow its clients to easily adopt generative artificial intelligence in their businesses to improve work productivity, w... but large language models (LLMs) have paved the way for a true hyperautomation of offi...
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September 12, 2023
[KH Explains] Hyundai Motor feels cost pinch of ‘French IRA’
...th its battery partners that are building production facilities in Europe and ask their support in reducing CO2 emissions in the manufacturing process,” he said. Currently, LG Energy Solution and Samsung SDI operate three battery cell production plants in Poland and Hungary, adjacent ...
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September 11, 2023
Tax revenue falls on sluggish corporate earnings
...tems from the weakened economy. Korea is largely dependent on corporate taxes, which take up an average 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. ...
October 04, 2023
