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August 22, 2023
SK hynix unveils HBM3E, supplies sample to Nvidia
..., Nvidia said. SK hynix has been considered the front-runner in the HBM market, taking up almost 50 percent of the market share as of 2022, according to data released by TrendForce. For this year, the market tracker expects both Samsung Electronics and SK hynix to each take 46 to 49 pe...
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August 22, 2023
Big 4 chaebol groups seek to rebuild FKI
South Korea’s top four chaebol groups -- Samsung, SK, Hyundai Motor and LG -- are likely to rejoin the Federation of Korean Industries, the disgraced business lobby group that has remained practicall...es including Samsung Electronics, Samsung SDI, Samsung L...
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August 21, 2023
Samsung SDI seeks global tech talent
Some 200 participants attended Samsung SDI's job fair in Korea on Friday, the firm said Sunday, as it seeks to secure top tech talent to continue its growth momentum. In cooperation with local unive...cutives. “It all comes down to people to materialize our business goal. Be the star t...
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August 20, 2023
Listed firms’ earnings plunge in H1
...t on-year. The drop in profit was the largest seen since the KRX began compiling the data in 2005. But the firms' total sales rose 2.28 percent on-year to a record 1,390 trillion won. Tech giant Samsung Electronics accounted for 8.9 percent of the total sales. Yet the average operati...
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August 20, 2023
Samsung Group gets partial go ahead to rejoin S. Korea's largest business lobby group
An independent compliance committee responsible for oversight of South Korea's largest conglomerate, Samsung, gave a partial go-ahead for the group’s reentry to the Federation of Korean Industries, the country’s largest business interest group. Samsung withdrew from the FKI i...
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August 17, 2023
Samsung sells ASML stakes to secure W3tr
Samsung Electronics sold a portion of its stakes in Dutch chip equipment maker ASML and secured 3 trillion won ($2.24 billion) in cash, the company reported in its semi-annual report Monday. In the ... Engineering, a machinery company based in South Korea to secure 67.6 billion won. In ...
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August 17, 2023
Samsung’s Taylor fab secures first order from AI startup Groq
Samsung Electronics, the world’s largest memory chip maker, has forged a partnership with Groq, a US-based artificial intelligence inference systems provider, securing the first chip order for its se...ounder of Groq said. Marco Chisari, executive vice president of Samsung Ele...
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August 16, 2023
[KH Explains] Samsung, LG to make motor show debuts next month
Samsung Electronics and LG Electronics will attend IAA Mobility 2023, a major global automotive fair, for the first time next month, signifying the South Korean electronics giants’ emphasis on the au...ution division, which is in charge of chip businesses, will take part in IAA Mobility ...
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August 16, 2023
Chip inventory of Samsung, SK hits W50tr
Samsung Electronics’ chip division and SK hynix have seen their inventories surge in the first half of this year, surpassing a combined 50 trillion won ($37.3 billion), according to the semi-annual r...the two firms on DART, the Financial Supervisory Service's electronic disclosure board...
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August 16, 2023
Lotte chairman highest-paid chaebol leader in H1
... his son Kim Dong-kwan, Hanwha Solutions president, received 4.6 billion won. Hyundai Motor Group Executive Chair Chung Euisun took 3.25 billion won in wages, matching the same period last year. Samsung Electronics Chairman Lee Jae-yong did not receive any wages. He has not taken a sa...
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August 14, 2023
Frozen Iranian funds released
...a imported 13.2 percent of its oil from Iran, the third largest amount following Saudi Arabia at 28.5 percent and Kuwait at 14.3 percent in 2017. It remains to be seen whether Korea’s tech giants Samsung and LG can resume their suspended sales in Iran. Following the US sanctions in 2...
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August 13, 2023
Samsung officially launches Galaxy Z Flip5, Fold5 phones in 50 countries
Samsung Electronics on Friday announced the official launch of its latest foldable smartphones -- the Galaxy Z Flip5 and Fold5 -- in some 50 countries, after record preorders for the foldables at hom...rly users’ response to the new Galaxy devices has been demonstrated by pre-order momen...
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August 11, 2023
Nvidia’s new AI chip to offer boon for Korean chip giants’ HBM business
...e as of 2022, in the data released by TrendForce. For this year, the market tracker expects both Samsung and SK hynix will each take 46 to 49 percent of the market share, and Micron Technology to take...st 12-layer HBM3. At present, the company is the only one capable of mass-producing ...
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August 10, 2023
Hyundai Motor outpaces Samsung in economic impact for 1st time: data
Hyundai Motor Group’s economic impact on South Korea's economy outpaced that of Samsung Electronics for the first time last year, data showed Wednesday. The combined economic contribution of Hyundai...ffiliate Kia came to 164.6 trillion won ($124.7 billion), going beyond the 148.1 trill...
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August 09, 2023
Samsung’s latest foldable phones set preorders record at home
Samsung Electronics’ new foldable smartphones -- the Galaxy Z Flip 5 and Fold 5 -- have yet to be launched, but preorder figures suggest that they are likely to be a super hit. The South Korean tech...nd Fold 5 went pretty well despite difficult conditions such as the global economic do...
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August 09, 2023
Hanwha boasts highest number of overseas units among chaebol rivals
... Tuesday. Hanwha, the nation’s seventh-largest conglomerate, outpaced its bigger rivals such as Samsung, SK and Hyundai Motor. In particular, the number of affiliates in the US jumped by 45 to 241, w...-largest conglomerate, was running a total of 598 overseas units, up by 57 from a y...
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August 08, 2023
Korean companies offer support for Scouts
Samsung dispatched about 150 employees to the Saemangeum campsite area on Monday to help clean up. Over the weekend, the group sent an 11-member medical team from Samsung Medical Center and supplied portable toilets, electric carts and sports drinks. Hyundai Motor also provided...
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August 08, 2023
Samsung-backed Rainbow Robotics to co-develop firefighting robots
...robotics technology into other public safety areas in the future,” a Rainbow Robotics official said. Rainbow Robotics was founded by a research team at the Korea Advanced Institute of Science and Technology Humanoid Robot Research Center in 2011. Samsung Electronics is the second-larg...
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August 07, 2023
[KH Explains] Competition heats up in foldable phones
Competition over the growing foldable smartphone market is growing fiercer, as Samsung seeks to maintain the market dominance it has enjoyed since the launch of its first foldable phone in 2019, whil...g a press conference held in Seoul on July 28, following the Samsung Galaxy U...
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August 06, 2023
Hyundai Card tops brand reputation among credit cards in August
Hyundai Card topped the brand reputation chart in August, followed by Shinhan Card and Samsung Card, in a monthly ranking announced by Korea Corporate Reputation Research Institute on Friday. The in...utive months since last October. Shinhan Card followed in the list in second place, fo...
October 04, 2023
