-
January 11, 2024
[JPM 2024] Samsung Biologics seeks ‘unrivaled’ CDMO leadership
SAN FRANCISCO – Samsung Biologics, the biotech arm of Samsung Group, is seeking to further consolidate its leadership in the soaring contract manufacturing and development market by outpacing rivals in terms of production capacity. "I am aware of the market's post-pandemic ove...
-
January 11, 2024
[CES 2024] AI success hinges on steady, strategic investments: Chey
...created to measure up to high expectations and investment, SK Group Chairman Chey Tae-won said, taking part in the CES 2024 technology show in Las Vegas on Tuesday. After touring the showrooms of Samsung Electronics and LG Electronics on the opening day of the world's largest tech show...
-
January 11, 2024
[CES 2024] Samsung CEO hints at plans for ‘megadeals’
LAS VEGAS – Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said the South Korean tech giant may set out a plan for megasized mergers and acquisitions this year as a way to solidify its lea...ated talks were underway “little by little.” But there has been no update on such a ...
-
January 11, 2024
[CES 2024] G-Dragon surprise visits CES
...K-pop artist G-Dragon was spotted visiting the CES 2024, the world’s largest tech show which kicked off in Las Vegas on Tuesday. G-Dragon popped into the showrooms of Korean tech firms, including Samsung Electronics, LG Electronics, and SK Group, where he explored their cutting-edge t...
-
January 10, 2024
Korean biotech firms flex muscles at J.P. Morgan Healthcare Conference
... which kicked off Monday in San Francisco. This year, the number of Korean companies that received official invitations from the host increased to six from three last year. The presenters include Samsung Biologics, Celltrion, Yuhan Corp., Lotte Biologics, SK Biopharmaceuticals and Kaka...
-
January 10, 2024
Samsung warns of worse than expected earnings in Q4
Samsung Electronics is estimated to have recorded its lowest operating profit in 15 years in 2023, with its chip business only slightly recovering at the end of the year after hitting rock bottom in ...res in the fourth quarter show improvements from previous quarters. In the January-Marc...
-
January 10, 2024
Samsung, Flagship Pioneering to team up for investments in biotech
Samsung C&T announced Tuesday that the company signed a memorandum of understanding with Flagship Pioneering, a US-based bio platform company, to expand its investment to foster biopharmaceutical inn...cial intelligence and contract development and manufacturing organization services. Pr...
-
January 10, 2024
[CES 2024] Hyundai vows innovation in software, hydrogen for 'future generations'
...d a partnership with Tenstorrent, a specialist in neural processing units, to co-develop advanced CPUs and AI co-processors. This collaboration is bolstered by a $100 million joint investment with Samsung Electronics and gains added expertise from Tenstorrent's CTO Jim Keller, renowned ...
-
January 08, 2024
Samsung to boost patent leadership with ‘Ironflex’ trademark for foldable displays
According to Wert Intelligence, an intellectual property market tracker, Samsung Display has secured 1,840 patents on foldable displays alone in the US, about four times more than the 481 patents secured by China’s BOE and the 469 patents of crosstown rival LG Display. Wert predicted th...
-
January 07, 2024
Samsung, Hyundai Motor to boost home-car connectivity
South Korea's top makers of chips and cars, Samsung Electronics and Hyundai Motor Group, are joining hands for heightened connectivity by integrating their smart home and connective car solutions, the companies said Thursday. In a signing ceremony on Wednesday, the two sides agreed to ex...
-
January 04, 2024
Samsung's AI-powered Galaxy S24 to debut this month
Samsung Electronics will unveil the Galaxy S24 series featuring the company’s latest artificial intelligence model in Silicon Valley -- the home turf of its archrival, Apple -- this month. Releasing...translation appearing on the screen like closed-captioning for a livestreamed show, ac...
-
January 04, 2024
[KH explains] How young are ‘young’ CEOs in Korea?
...lies. “The rhetoric gives them the reason to fill the top brass with younger leaders, considering their chaebol chiefs may feel uncomfortable working with CEOs who are older than them,” he said. Samsung Electronics Chairman Lee Jae-yong, 55, SK Group Chairman Chey Tae-won, 63, and H...
-
January 03, 2024
Battery, new energy sectors to feel pinch from global minimum tax
Hundreds of South Korean firms, including tech giant Samsung Electronics, are set to be hit by the newly implemented 15 percent global minimum tax rate. Under the new corporate tax rule that came in...vestment funds are exempted. Industry sources anticipated over 250 local companies -- ...
-
January 02, 2024
Foreigners’ net buying of Samsung hits new high in 2023
Foreign investors snapped up investments in Samsung Electronics last year, net buying more than 16 trillion won ($12.31 billion) worth of shares, buoyed by the expectations of a recovery of the global chip industry. In 2023, foreign investors scooped up a net 16.73 trillion won of shares...
-
January 02, 2024
Reflecting on bumper year for K-food
...ttogi, Nongshim, SPC Samlip and Lotte Wellfood posted annual sales of 3 trillion won or more. Industry sources predict that an additional four -- Lotte Chilsung Beverage, CJ Freshway, Pulmuone and Samsung Welstory -- are expected to join the top list in 2023. Their full-year earnings ha...
-
January 02, 2024
[KH explains] Nexon’s failed stake sale reignites dispute over ‘punitive’ inheritance tax
The founding family of the nation's biggest conglomerate Samsung Group has continued selling stakes to pay their succession tax bill worth 12 trillion won since the late Samsung patriarch Lee Kun-hee died in 2010 with an estate valued at 20 trillion won. Other heirs of some of ...
-
December 29, 2023
[Herald Interview] Palliser CIO skeptical of Samsung C&T stock cancellation plan
British activist investor Palliser Capital founder said Samsung C&T’s five-year treasury stock retirement plan won’t be helpful to shore up its stock price, urging swift action to resolve investors’ ...shareholders; in reality, it has no impact on intrinsic value per share,” he said. ...
-
December 28, 2023
Chaebol leaders heading to CES 2024
...s vision builds on HD Hyundai's Ocean Transformation concept from CES 2023, signaling a strategic pivot from maritime to land, leveraging advanced automation, and digital twin technologies. While Samsung Electronics Executive Chairman Lee Jae-yong and LG Group Chairman Koo Kwang-mo are...
-
December 27, 2023
Samsung Biologics CEO to attend JPMorgan conference
Samsung Biologics CEO John Rim is heading to San Francisco next month to share the company’s mid-term business plans during the JPMorgan Healthcare Conference, the company said Tuesday. The JPMorgan...t. The fact that the company’s presentation date has been moved up shows its improved...
-
December 27, 2023
US supply chain review to boost Korean chip sales: analysts
...me. Market observers here say the US measure is likely to benefit Korean chipmakers, especially Samsung Electronics and SK hynix, in reducing their large inventory of legacy chips. The two companies ...iance on Chinese semiconductors with the rising uncertainties,” Kim said. The anal...