-
July 05, 2023
New public-private alliance formed to boost Korea’s SMR competitiveness
...t bodies and public institutions, including the Ministry of Trade, Industry and Energy, Korea Hydro & Nuclear Power and Korea Energy Economics Institute, and 31 local companies, including SK Inc., Samsung C&T and Daewoo E&C. “We’ll promote the quantitative and qualitative growth of t...
-
July 05, 2023
Samsung Biologics hits winning streak with record-high Pfizer deals
Samsung Biologics, a South Korean contract development and manufacturing organization, announced Tuesday that the company has finalized two record deals worth $897 million with Pfizer. The deals com...g demand in the pharmaceutical industry,” an official from Samsung Biologics...
-
July 04, 2023
[Herald Interview] Chip wars: No end in sight
...s vast subsidy campaign to build up domestic competitors to foreign chipmakers. For example, generous subsidies have helped its chipmaker YMTC become a world-class NAND memory firm, competing with Samsung Electronics, SK hynix, Micron Technology and other firms. I think China is likely ...
-
July 04, 2023
Hyundai, Kia to outpace chaebol rivals in Q2 profits
... would be the largest quarterly numbers in the history of the automaker. Hyundai Motor outpaced Samsung Electronics to take the top spot as the highest earner in the first quarter of this year for th...r as the second-highest earner in the country in the second quarter with semiconduct...
-
July 02, 2023
Toss selected as preferred bidder for Shinsegae's payment services
...services' dim outlooks for generating profits in the future, with large firms such as Kakao Pay, Samsung Pay, and Naver Pay dominating the market share for domestic payment services. "A company's own...f of 2022. Transactions made through Kakao Pay took up 42.4 percent of total transa...
-
June 29, 2023
Hyundai invests W2b in auto chip startup
... an official from Hyundai Motor Group. “We could also prevent the chip shortage that had been prevalent during the COVID-19 pandemic.” Following the recent business tie-up with its chaebol rival Samsung Electronics, industry insiders say the world’s third-largest automaker is going...
-
June 29, 2023
Samsung unveils foundry road map to take on TSMC
Samsung Electronics, the world’s largest memory chipmaker, on Tuesday unveiled a new foundry business road map, saying it will expand the adoption of the 2-nanometer manufacturing technology in phase...ment under Samsung's foundry business. “We will continue to strive for con...
-
June 29, 2023
MWC Shanghai returns as in-person event after pandemic hiatus
...bitors during the MWC in Barcelona, however, had little presence at the Shanghai show this year. Samsung also did not participate in the event this year, while its global rivals such as Qualcomm, Eric... organizations and partners who are making the world a better place across the digit...
-
June 28, 2023
Nongshim, Samyang succumb to pressure, cut prices of products
...makers are also following suit. Samyang Food, another ramen giant here, said it will reduce the prices of 12 major products by an average of 4.7 percent in phases starting in July. A pack of five Samsung Ramen, its top seller, will be sold at 3,680 won at large discount chain stores, d...
-
June 27, 2023
[Contribution] Strategies to secure Korea's chip supremacy
...d the “Electronic Industry Promotion Plan”, followed by the “Comprehensive Semiconductor Industry Promotion Plan” in 1985 through which it invested in the localization of semiconductor technology. Samsung, which acquired Hankook Semiconductor, developed 64K DRAM in 1983 and switched...
-
June 27, 2023
Korean firms fight talent exodus as chip tech war intensifies
A former Samsung employee was banned from moving to US rival Micron Technology after the Korean tech giant took the issue to court amid growing concerns over illicit tech transfer. Seoul Central Dis... employee joined Micron Technology, a US-based memory chipmaker ranking No. 3 in the wo...
-
June 26, 2023
Samsung chief touts ‘meaningful trip’ to France, Vietnam
Samsung Electronics Executive Chairman Lee Jae-yong returned home Saturday after a seven-day business trip to France and Vietnam. He accompanied President Yoon Suk Yeol on his latest state visits to ...amsung Electronics producing nearly half of its flagship Galaxy smartphones in factorie...
-
June 23, 2023
Emro seeks global expansion with supply chain management solutions
...global market by developing an integrated supply chain management platform in collaboration with Samsung SDS and US-based planning platform provider o9 Solutions. Amid the escalating trade rivalry be...rket. As part of its global expansion, the company recently struck a strategic part...
-
June 23, 2023
Chaebol chiefs meet with French president
...e country’s investment attractiveness, and investment plans in future strategic industries such as energy, future transportation, health care and biotechnology. Among the attendees from Korea are Samsung Electronics Chairman Lee Jae-yong; SK Group Chairman Chey Tae-won, who doubles as...
-
June 23, 2023
Korea Inc. heads to Vietnam to strike deals
... cosmetics and food. The delegation also includes South Korea's top four conglomerate chiefs -- Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman...uth Korean companies have also been actively forging business ties with Vietnam over...
-
June 22, 2023
Big 4 chaebol chiefs back Busan’s Expo bid in Paris
...po. According to industry sources on Wednesday, the four chiefs of Korea’s top conglomerates -- Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman... foreign ambassadors stationed in Paris at a pop-up venue by the KCCI called "Maiso...
-
June 22, 2023
Elliott warns Korea to pursue no further legal action
...und about $108.5 million in losses caused by the government’s meddling in the 2015 merger of two Samsung units may affect other pending rulings on investor-state dispute cases involving the country. ...in 2018 for the state-run National Pension Service’s involvement in approving the ...
-
June 20, 2023
Samsung adopts AI in product design, opens design lab in US, France
Samsung Electronics has adopted artificial intelligence into its design process, utilizing advanced technology to empower designers to "fully unleash" their creativity, according to the company's chi...wer designers to fully unleash their creativity,” Casalegno said. Casalegno, who also...
-
June 19, 2023
Pixar movies to run on Samsung’s Onyx Cinema LED screens
Samsung Electronics has joined hands with Pixar Animation Studios to run animated movies on its Onyx Cinema LED screens, offering significantly enhanced picture quality, the company said Sunday. Und...early six times greater than what is possible with standard projector technologies, acc...
-
June 19, 2023
KT, Samsung Medical Center join hands to export medical tech
South Korean telecommunications giant KT and Samsung Seoul Medical Center are teaming up to export Korea's medical services and digital technology for hospitals, KT said Saturday. The two sides sign...ing big data. KT is currently preparing to open a medical checkup center in Hanoi, Vie...
October 04, 2023
