-
August 06, 2023
Hotel Shilla CEO Lee Boo-jin becomes director of family-run scholarship foundation
... appointed as the director of the Dooeul Scholarship Foundation, local reports said Friday. The Dooeul Scholarship Foundation was established in commemoration of Park Doo-eul, the late founder of Samsung Lee Byeong-cheol’s wife in 2000. Lee In-hee, an advisor to Hansol Group and an e...
-
August 04, 2023
[KH Explains] Inheritance tax reform postponed amid criticism over 'silver spoon'
...Nexon’s holding company, to the Finance Ministry in late May. In turn, the Korean government became the second-largest shareholder of the company. Even the ownership families of local tech giants Samsung and LG Group have taken out stock loans to pay the inheritance tax. Some even sel...
-
August 04, 2023
Hyundai Motor invests $50m in Canadian AI chip startup Tenstorrent
...ogy for future mobility. Tenstorrent recently closed a $100 million strategic funding round, for which Hyundai and its smaller affiliate Kia shelled out $30 million and $20 million, respectively. Samsung Catalyst Fund, Samsung Electronics’ evergreen multi-stage venture capit...
-
August 03, 2023
Samsung Bioepis considering takeover of Biogen's unit: reports
Samsung Bioepis is considering acquiring a biosimilar business unit of Biogen for around 1 trillion won ($775.3 million) to improve its presence in the US market, according to local reports on Wednes... Aduhelm failed its first offering. Biogen is a Massachusetts-based biotech firm partn...
-
August 02, 2023
[KH explains] Japan’s reviving chip industry unlikely to pose direct threat to Korea – for now
... chip industry and attract global chip giants such as Taiwan Semiconductor Manufacturing Co. and Samsung to its soil. In June 2021, soon after it succeeded in attracting TSMC to build its first semic...hat are to launch either production fabs or research and development institutes, inc...
-
August 01, 2023
[KH Explains] Users abandoning Meta's Threads after explosive start in South Korea
...e Group Vice Chairman Chung Yong-jin and Hyundai Card Vice Chairman and CEO Chung Tae-young, were some of the first Threads users, as well as governors and politicians. Major conglomerates such as Samsung Electronics, Hyundai Motor and Nongshim also opened accounts. X’s competitor or ...
-
July 31, 2023
Battery stocks’ volatility leaves investors reeling
...rcent in the same period.” “While there have always been major shares that led the market and investor frenzy for certain sectors, the share flow in July was extreme,” analyst Shin Seung-jin from Samsung Securities said. “This is a time in which investor sentiments and program tra...
-
July 28, 2023
Samsung logs W4.3tr profit loss in chips, predicts recovery in H2
Samsung Electronics, the world’s largest memory chip maker, said Thursday it will further slash memory chip production and gear up to respond to the rising demand for artificial intelligence-related ... of a recovery in demand, while also enhancing the completeness of the Gate-All-Around...
-
July 27, 2023
Battery stock frenzy drives Kosdaq volatility
...s, short sellers rush to cover their positions, leading to a rapid acceleration of the stock's price increase as they try to limit their losses. Additionally, in a recent report published Friday, Samsung Securities said that EcoPro has a strong probability of being added to the MSCI Ko...
-
July 27, 2023
Samsung Biologics posts all-time-high earnings for H1
Samsung Biologics said Wednesday that the company’s earnings in the first half reached all-time highs, with 1.59 trillion won ($1.23 billion) in sales and an operating profit of 445.2 billion won, supported by a solid contract-winning spree. Compared with the first half of last year,
-
July 27, 2023
Samsung's new foldable phones return with upgraded hinges, bigger screens
...ecome more convenient, such as selecting an image from the Gallery app with one hand and opening Samsung Notes with the other hand to easily paste an image. The hidden pop-up function allows the user...customers who purchase the new foldable devices from the company’s official online ...
-
July 27, 2023
[From the Scene] Samsung's new foldable phones unveiled in festive mood in Seoul
Samsung touted the compact design, a variety of customizable features and drastic improvements to the overall functions of its latest foldable smartphone series. In particular, the display‘s new water drop-style hinge design, called the “Flex Hinge,” makes the new phones thinner than t...
-
July 26, 2023
New AI alliance launched
...tions and over 400 domestic firms, including 20 major companies. Some notable players among industry representatives include Hyundai Motor Group, LG Electronics, Hyundai Steel, LG Energy Solution, Samsung SDS and SK C&C. The ministry said it is expanding and reorganizing the existing I...
-
July 26, 2023
[Exclusive] BTS’ Suga to appear at Samsung's Galaxy Unpacked event in Seoul
Suga of K-pop phenomenon BTS is set to participate in Samsung Electronics' upcoming Galaxy Unpacked event, which will be the tech giant’s first unveiling of its flagship phones at home, according to ...oldable products. In July 2020, the company launched the Samsung Galaxy S20 ...
-
July 25, 2023
[KH explains] Why is Korea going for a second legal bout with Elliott?
...ile a suit to reverse an international tribunal's order to pay some $108 million in damages to the hedge fund. At the center of the protracted legal battle is the controversial 2015 merger of two Samsung Group affiliates -- Samsung C&T and Cheil Industries. Elliott, a minori...
-
July 25, 2023
Samsung SDI, Stellantis to build second joint EV battery plant in US
Samsung SDI said Monday it is poised to build a second electric vehicle battery manufacturing plant with Stellantis in the US, ramping up its investment in the all-important EV market. The two signed a memorandum of understanding to set up the plant under StarPlus Energy, a joint venture...
-
July 24, 2023
EcoPro highly likely to make MSCI index in August: analysts
... secondary tech-laden Kosdaq, is highly likely to be included in the MSCI Korea Index in August, Samsung Securities wrote in a recent report published Friday. EcoPro is a holdings firm with units Eco...et value and free float market cap exceeds the inclusion standards," analyst Kim Don...
-
July 24, 2023
Museum for late Samsung chief’s art collection gets regulatory approval
A new art museum featuring some 23,000 artworks collected by the late Samsung Group Chairman Lee Kun-hee is expected to be built in central Seoul in 2028 after getting regulatory approval Thursday. ...l his scattered collections in one place, enabling visitors to enjoy them all at once. ...
-
July 24, 2023
[KH explains] Investors bullish on Posco stocks
...llion won as of Friday, surpassing that of top automaker Hyundai Motors at 42.3 trillion won. It is the seventh largest on Kospi, excluding preferred stocks. The sixth on the list is battery maker Samsung SDI at 47.17 trillion won, just a step further away. Retail investors, led by the...
-
July 24, 2023
Samsung likely to lose again to TSMC in chips revenue
Samsung Electronics, the world's largest memory chip maker, appears to be lagging behind its rival Taiwan Semiconductor Manufacturing Corp. in terms of revenue from its global semiconductor business ...impact of a chip recession caused by lackluster demand for smartphones and other device...
October 04, 2023
