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July 21, 2023
Samsung Pay to stay commission-free to counter Apple Pay’s expansion
Samsung Electronics announced Wednesday that it will not charge any fees to card issuers in Korea for its digital wallet service, Samsung Pay. "We have decided to keep Samsung Pay commission-free," a Samsung official said in a statement. “Samsung ...
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July 21, 2023
Young Koreans favor iPhones over Samsung Galaxy: survey
In South Korea, 69 percent of adult smartphone users use a Samsung device, while only 23 percent use iPhones, a Gallup survey of 1,001 adults found. But the survey reveals a starkly different trend ... Z. Among the younger generation, aged 18 to 29, iPhone’s share rises to 65 percent, ...
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July 21, 2023
[Herald Interview] Urbanbase seeks overseas expansion with AI-based home furnishing technology
...the company succeeded in securing Series B and C funding from a slew of backers, including Shinsegae Information & Communication, an information technology arm of retail giant Shinsegae Group, and Samsung Venture Investment, the venture capital arm of Samsung Electronics, in r...
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July 20, 2023
[KH explains] How to stay safe driving through flood water
...urance plan beforehand. “The (extra) insurance covers the repair cost of the damaged car if it was flooded during driving or submerged due to storms or floods while parked,” said an official from Samsung Fire & Marine Insurance. “So after repairing the car, you need to keep the rec...
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July 18, 2023
Public affairs strategies reshaping at chaebol groups
...ing to OpenSecrets, a nonprofit that tracks corporate lobbying activities in the US. Last year, Samsung spent $5.79 million on lobbying funds, up 74 percent compared to 2020. SK also raised its spend... of Commerce. Here are the key members of the Big Four’s revamped global public af...
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July 17, 2023
[Herald Interview] UK firm lures Korean trendsetters with 'transparent phones'
...ountdown and progress tracker for ride or delivery services. “We're not trying to compete with (Samsung and Apple). … Looking at data, other brands have been fighting for the 3 percent market share b... technology, trends and culture. Users are also very familiar with the Android sys...
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July 14, 2023
[Herald Interview] 'Samsung SDI to play vital role in accelerating Indiana's EV transition'
Samsung SDI’s recent joint venture deal with General Motors to construct an electric vehicle battery cell manufacturing plant in Indiana is expected to play a pivotal role in fostering a more advance... can be, retrained into EV battery talents.” Following fast-growing demand for tech ...
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July 14, 2023
Hunetplus develops deposition mask for OLED displays
...ccording to market research firm QYResearch. The recent fierce competition for extended reality device development -- such as Apple's "Vision Pro" and Meta's "MetaQuest" -- also sets the solid groundwork for the product’s success both domestically and abroad. Notable customers will likely incl...
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July 13, 2023
[Herald Interview] Daewoong Pharmaceutical steps onto global stage
...aid Kim, who has spearheaded Daewoong’s participation in the convention for more than 10 years. According to a Korea Health Industry Development Institute survey involving 9,120 customers and 365 experts in 19 foreign countries between October and November 2022, Daewoong was the second-most pop...
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July 12, 2023
[Herald Interview] Why Korea is a crucial partner for Qualcomm
...tion in next-generation growth engine industries in South Korea, with big name companies such as Samsung, LG and Hyundai. It looks to continue the journey through closer partnerships with key industry...om the fifth-generation network and automobiles to the Internet of Things and extend...
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July 11, 2023
LG, Hanwha chiefs to visit Poland with Yoon
...re than doubling the figure in five years. According to the FKI, other members of the business delegation include LS Group Chairman Koo Ja-eun and Daewoo Engineering & Construction Chairman Jung Won-ju. The leaders of Samsung, SK and Hyundai Motor, who accompanied the president to Fran...
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July 11, 2023
Samsung Biologics signs W511b deal with Novartis
Samsung Biologics said Monday the company has signed a 511 billion won ($390.9 million) deal with Novartis to manufacture products for the Switzerland-based pharmaceutical firm. The latest deal foll...ies had originally agreed on a deal worth 100 billion won, but decided to amp up the in...
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July 10, 2023
Samsung Electronics to rebound in Q3: analysts
Samsung Electronics, which was predicted to post its worst quarterly earnings in 14 years in the second quarter, will likely hasten its earnings recovery from the third quarter, led by chip productio...hone series, analysts said. On Friday’s earnings guidance for the April-June period r...
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July 09, 2023
Samsung Electronics predicts Q2 profit to plunge 96%, hitting 14-year low
Samsung Electronics has predicted an operating profit of 600 billion won ($458.5 million) for the April-June period, a 96 percent plunge to what would be the lowest quarterly earnings in 14 years, am... local analysts provided by market intelligence Yonhap Infomax. In the first quarter t...
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July 07, 2023
Samsung’s new foldable phones to be unveiled on July 26 in Seoul
Samsung Electronics on Thursday sent out invitations to the “Join the Flip Side” unpacking event for its new foldable smartphone series later this month in Seoul, marking the tech giant’s first Galax...laxy as we showcase our latest technologies designed to open possibilities and trans...
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July 07, 2023
[Herald Interview] Kakao Pay-Siebert mashup picks up speed
...board of directors," Shin said in an email interview with The Korea Herald. Prior to joining Kakao as head of corporate strategy in 2020, Shin took on strategist roles at global companies such as Samsung Electronics and McKinsey. Currently, he leads both the payment and corporate devel...
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July 06, 2023
[KH explains] More card issuers jump on Apple Pay bandwagon
...llion members. Shinhan Card remains the industry leader with 14.29 million members, followed by Samsung Card with 12.72 million. Also, according to Hyundai Card’s most recent data, over 25.8 million...ile payment service Samsung Pay. Under the previously signed contract wi...
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July 06, 2023
Samsung may face tighter scrutiny under new EU rules
Samsung Electronics may be subject to the European Union’s new platform service regulations targeting big tech companies, as the Korean tech giant notified the European Commission it meets the EU’s c...Alphabet, Amazon, Apple, TikTok developer ByteDance, Facebook parent company Meta, Mi...
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July 06, 2023
[Herald Interview] Snowflake seeks to expand presence in Korea
...ake launched its Korean unit in 2021 with the aim of attracting big-name local companies such as Samsung and LG as lucrative corporate clients. In Korea, many large conglomerates operate their own IT...perations in Korea, it was also able to secure about 64 system integration partners ...
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July 05, 2023
[Herald Interview] EU seeks cooperation with South Korea to de-risk from China amid supply chain woes
...operation and explain the necessity of "de-risking" supply chains. Breton said he also met with Samsung Electronics Chairman Lee Jae-yong to discuss the world’s largest memory chipmaker’s further inv...nvestment from Korean companies," the commissioner said. "I discussed this with t...
October 04, 2023
