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March 20, 2024
Samsung vows to seize opportunity of AI
...'s annual meeting. "Although I am a minority shareholder, the shareholder open talk session made me feel Samsung was more lovely." Another anonymous shareholder who looked around the venue after the meeting also said, "This year, I was able to get a better glimpse of Samsung'...
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March 20, 2024
Samsung Electronics sees high economic uncertainty, new opportunity in AI
Samsung Electronics, the world's largest maker of memory chips, said Wednesday that macroeconomic uncertainties are expected to be high this year but vowed to embrace a new opportunity in the rise of... be increased through next-generation technological innovations, such as the full-scale...
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March 19, 2024
Samsung-LG rivalry renewed in all-in-one washer
Samsung Electronics and LG Electronics are seen to be renewing their decadeslong competition in the home appliance market with their first all-in-one washer-dryer machines, which combined the two ful...d efficiently, according to Samsung. LG's Tromm model weighs 95 kilograms, s...
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March 19, 2024
[KH Explains] Will Kakao Bank secure footing in untapped Thai market?
...atforms,” the official said. If all goes as planned, Kakao Bank will also become the first Korean lender to launch a business in Thailand in nearly two decades. Though local finance firms such as Samsung Life Insurance, KB Kookmin Card and Daol Securities have expanded their businesse...
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March 19, 2024
Samsung Electro-Mechanics to release high-voltage MLCCs for EVs
Samsung Electro-Mechanics announced on Tuesday the launch of its latest high-voltage MLCCs tailored for electric vehicles, in response to surging demand from global automotive component manufacturers... or 1.6 millimeters in width, ensure a stable power supply even in high-frequency envir...
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March 19, 2024
SK hynix becomes first to mass produce HBM3E chips
...Core graphics processing units. But industry sources say that SK hynix was the first to mass-produce the new chips considering the Korean firm's advancement in preliminary production. Last month, Samsung, the world's No. 1 memory chip maker, also announced that it developed HBM3E 12H, ...
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March 18, 2024
Samsung C&T shareholders vote down activists' dividend hike proposal
...fails" to reflect the company's increasing profit. “Dividends are paid out of affiliate income. Samsung C&T pays dividends out of the dividends it gains from the affiliates. But normally, companies p...st year. Shareholder return also remained stagnant in the past decade, even as list...
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March 18, 2024
[Herald Interview] Lithium-rich Chile seeks to lure more Korean investment
...ed with the Korea International Trade Association on Thursday, where major Korean conglomerates and state-owned companies were in presence," Sanchez said. "Companies including Posco International, Samsung C&T, LG Energy Solution, and Korea Airports Corporation have shown great interest ...
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March 18, 2024
Samsung Electro-Mechanics to launch ‘weatherproof’ camera modules for cars
Samsung Electro-Mechanics is set to start mass production of “weatherproof” camera modules with cutting-edge water-repellent capabilities and heating features for cars this year, the company said Sun... quality in automotive assistance features and the development of autonomous driving ...
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March 16, 2024
Major shifts among top market cap stocks on the KOSPI
...n the rankings of Celltrion (from 12th to 8th), Shinhan Financial Group (from 18th to 15th), and Samsung Life Insurance (from 21st to 19th), showing significant upward momentum. Conversely, concerns ...f last year to 18th this month, while Naver slipped 3 spots from 9th to 12th. On the...
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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,...en brought the dispute to the labor commission for arbitration. The labor-management c...
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March 15, 2024
Samsung Electronics to receive $6b subsidy in US
The US Department of Commerce is poised to grant Samsung Electronics subsidies exceeding $6 billion, according to a news report Friday. “The US plans to award more than $6 billion to Samsung Electro... initiatives. Further details are emerging regarding the support for other ...
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March 13, 2024
Nvidia soars in AI boom, Samsung, TSMC struggle – Uncovering the why
...s patterns. As a result, TSMC has maintained a conservative Q1 earnings forecast of $18 billion to $18.8 billion amid the AI semiconductor surge. In contrast to TSMC's specialized foundry focus, Samsung Electronics, an Integrated Device Manufacturer (IDM) with diverse memory and syste...
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March 13, 2024
Samsung Biologics on smooth ride for record orders
Samsung Biologics is off to a promising start this year with two large-scale contract manufacturing deal signings in March alone. According to Samsung Biologics on Wednesday, the company recently in... its portfolio and establishing new overseas offices in search of new clients...
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March 13, 2024
US gains propel Kospi to 2-year intraday high
...est rate cut, the US stocks rallied backed by the rebound in AI shares,” analyst Han Ji-young from Kiwoom Securities said. “The AI rally stretched out to the local stock market.” Tech heavyweight Samsung Electronics' shares stood at 73,700 won, marking a 0.55 percent gain, while the...
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March 12, 2024
The 4 key trends in AI chip development (2)
...cure $500 million in funding but ultimately exceeded expectations by raising $675 million. Noteworthy participants in this funding round include Intel ($25 million), LG Innotek ($8.5 million), and Samsung Investment ($5.0 million), underlining the industry's confidence in the startup's ...
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March 11, 2024
5-minute recharge to drive 300 km: Battery firms eye faster turnaround
...t Coex in southern Seoul last week, South Korea's prime battery companies -- LG Energy Solution, Samsung SDI and SK On -- collectively emphasized ultrafast charging as the critical breakthrough needed...ure here involves rolling out the ultrafast charging infrastructure to support this,...
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March 11, 2024
Samsung to debut washer-dryer combo globally in Q2
Samsung Electronics said Monday it would launch its latest Bespoke AI Combo, a combined washer and dryer powered by artificial intelligence, in global markets in the next few months. "Shipments to t...Samsung appliance is about 3 million won ($2,282) cheaper than the LG product...
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March 11, 2024
[Herald Interview] Indiana looks to expand Korean ties in chips, AI
...one of the hottest investment destinations in the US for South Korean companies as of late, with Samsung SDI leading the pack by committing billions of dollars for joint battery plants there. Indiana...n in investments since 2022, with South Korean companies accounting for a large chun...
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March 11, 2024
Samsung Electronics to launch washer-dryer combo globally in Q2
Samsung Electronics said Monday it will launch its latest Bespoke AI Combo washer-dryer globally within the second quarter of this year. The Bespoke AI Combo, which combines a 25 kilogram washing ca...ed States, and the official launch is scheduled for this month," Vice President Moo-hyu...