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December 10, 2024
Kospi hits annual low, won extends losses
...nce April 24, 2020, when it reached a mid-session low of 629.12. All sectors of the Kospi declined, with the top 10 market-cap stocks losing value, except for SK hynix. Notable decliners included Samsung Electronics (-1.29 percent), Kia (-2.95 percent), Celltrion (-2.78 percent) and KB...
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December 09, 2024
Korea, Indonesia strengthen partnership in general insurance
...e, growing economy, as well as plans for mandatory vehicle insurance, Indonesia is seen as a key emerging insurance market. Currently, six South Korean general insurers, including subsidiaries of Samsung Group, DB Group, Meritz Financial Group, KB Financial Group and Hanwha Group, are ...
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December 09, 2024
Cheaper Chinese chips hamper profit outlook for Samsung, SK hynix
...der DRAM chips plunging more than 30 percent, market analysts lowered the earnings prospects for Samsung Electronics and SK hynix, the world's top two memory chip makers. According to DRAMeXchange on... pricing strategies from the Chinese rivals, market analysts have lowered earnings p...
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December 09, 2024
Chinese battery makers gobble up Korean shares
The competitiveness of Korean battery makers -- LG Energy Solution, Samsung SDI and SK On -- continues to be threatened by the seemingly unceasing growth of Chinese rivals, a global electric vehicle ...ent of the total share while ranking third behind Chinese battery makers CATL and BYD. ...
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December 09, 2024
Samsung C&T, Hitachi Energy bolster ties on HVDC projects
Samsung C&T said Monday that it has signed a memorandum of understanding with Switzerland's Hitachi Energy to strengthen collaboration and explore opportunities in the high-voltage direct current sec...the market leader in power control systems and electrical equipment, has been collabora...
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December 06, 2024
Samsung C&T, Sweden’s Karnefull Next join hands to develop SMRs for data centers
Samsung C&T said Friday that it has signed a memorandum of understanding with Swedish small modular reactor developer Karnfull Next as part of efforts to advance its SMR business in Europe. A signin...sing the rising electricity demand for data centers operated by global tech giants, acc...
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December 05, 2024
SK enhances leadership for chip, US teams
...ate with a new C-level system to strengthen swift decision-making to respond to the artificial intelligence boom. SK hynix, the world's second-largest memory chip maker after its cross-town rival Samsung Electronics, has introduced a C-level management system and reorganized the compan...
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December 04, 2024
Samsung Electronics enhances chip strategy with new CFO
Samsung Electronics carried out a year-end executive reshuffle and organizational restructuring on Wednesday, naming new leaders for key roles including chief financial officer. Samsung appointed Park Soon-cheol, executive vice president of the corporate management team at the ...
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December 04, 2024
Korea faces new test of credibility in global supply chain
... "(The political incident) amplifies risks for companies at a time when public-private collaboration is crucial to reduce uncertainties surrounding US president-elect Donald Trump's second term." Samsung Electronics and SK hynix, the world's top two memory chip makers, were operating t...
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December 04, 2024
Corporate Korea on edge after overnight martial law turmoil
... aftermath of the country’s first martial law declaration since 1979 as they look to minimize potential damage from the political rift. According to industry officials on Wednesday, executives at Samsung affiliates gathered throughout the night to determine a response after President ...
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December 04, 2024
Korean stocks open lower after short-lived martial law declaration
...arking its highest level in over a year. Blue-chip stocks saw broad declines. As of 10:26 a.m., Samsung Electronics, the market bellwether, fell 1.21 percent to 53,000 won, while semiconductor manufa...10,000 won. In the battery sector, LG Energy Solution dropped 2.64 percent to 386,50...
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December 03, 2024
US chip export curbs on China leave Samsung unscathed, for now
...ndwidth memory chips to China are expected to have a limited impact on Korean chipmakers, mainly Samsung Electronics. But the restrictions could result in lost opportunities to acquire new customers,...ed in the US or allied countries can export their chips to their affiliates in China...
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December 02, 2024
Lotte Biologics hires pharma veteran as new CEO
Lotte Biologics said Monday that it has hired James Park, former sales chief at Samsung Biologics and CEO of GC Cell, as its new CEO. Park, a 58-year-old industry veteran, holds a bachelor’s degree ...ent from preclinical stages to commercialization. He also worked as executive vice pr...
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December 02, 2024
Samsung Biologics promotes global sales chief after record orders
Samsung Biologics has promoted Kevin Sharp, head of its New Jersey office leading global sales, to executive vice president, largely buoyed by the company's record contract manufacturing orders secur... Friday, the company promoted Sharp and five other executives to recognize their contri...
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December 02, 2024
[KH Explains] Will Northvolt's fall ease talent shortage for Korean battery makers?
...its employees reportedly seek to move jobs possibly to Korea's battery trio: LG Energy Solution, Samsung SDI and SK On. Industry sources say Northvolt’s fall shed light on how power dynamics in the g...its years of aggressive expansion, the company attracted researchers from LG Energy...
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December 02, 2024
Samsung Biologics launches charity program to support children
Samsung Biologics has introduced a new charity program designed to assist children in need, in cooperation with neighboring restaurants and retail stores, as part of its ongoing efforts to enhance co... The event was attended by Rep. Jung Il-young of the Democratic Party of Korea, John Ri...
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December 01, 2024
Samsung challenges LG in home appliance subscription market
Samsung Electronics has entered a new round of competition with LG Electronics in the home appliance subscription services market by launching its own service centered on artificial intelligence products. Samsung announced Sunday the introduction of its AI subscription club ser...
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December 01, 2024
Korea’s advanced nuclear technologies to take center stage at NES 2024
...and AtkinsRealis Nuclear on SMR technology development and collaboration. The final day will include job counseling sessions for students majoring in nuclear energy. Human resources managers from major enterprises, including Korea Electric Power Corporation, Korea Hydro & Nuclear Power, Doosan E...
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December 01, 2024
Samsung promotes tech-savvy execs to tackle challenges
Samsung Electronics on Friday promoted a total of 137 executives in a year-end reshuffle, including tech-savvy executives with strong achievements in their respective areas, with a goal of reviving s... down from last year’s 143, and includes 35 new vice presidents and 92 new managing di...
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November 28, 2024
Samsung, SK hynix in rush to secure chip subsidies in US
Samsung Electronics and SK hynix, the nation’s top two chipmakers, are apparently in a rush to secure subsidies for their massive facility spending in recent years in the US, following a fresh threat...icy changes, both Samsung and SK have been beefing up their US operations ov...
December 10, 2024
