October 06, 2024

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• July 26, 2024

  Samsung may supply advanced image sensors for Apple: analyst

  Samsung Electronics may supply its advanced camera sensors for Apple, ending Sony’s longstanding rein as an exclusive supplier to the global tech giant, according to a supply chain analyst. According to Ming-Chi Kuo, a supply chain analyst at TF International Securities, Samsung

• July 25, 2024

  [Herald Interview] 'Lamborghini will always have steering wheel'

  ... a very small portion of the global total of 75 million vehicle deliveries per year, pointing out that exclusivity is part of the luxury world. Korean companies -- Hankook Tire and Technology and Samsung SDI -- have partnerships with Lamborghini as the former provides tires for the Ita...

• July 25, 2024

  Samsung Biologics' H1 earnings hit W2tr for first time

  Leading global contract development and manufacturing organization Samsung Biologics announced Wednesday that its earnings for the first half of this year reached an all-time high, surpassing 2 trill... its three plants and the ramp-up of the newest Plant 4 operations, as analyzed by the ...

• July 24, 2024

  Shareholder activism in Korea ‘partial success’: SquareWell

  ...nd with assets over 1,000 trillion won ($721 billion) under management, is a blockholder for many listed companies here. A group of activist funds launched a campaign earlier this year, demanding Samsung C&T, a de facto holding unit of the country’s most influential conglomerate ...

• July 23, 2024

  Samsung's Galaxy series to feature enhanced gaming experience with Krafton's 'Dark and Darker Mobile'

  Samsung Electronics and Krafton have partnered to optimize the forthcoming game "Dark and Darker Mobile" for the latest Galaxy series, set to be installed next month, according to the tech giant on T...ing the game," said Kim Jung-woo, System Platform R&D Group of the Mobile eXperience Bu...

• July 23, 2024

  Samsung Electro-Mechanics to supply advanced substrates for AMD processors

  Samsung Electro-Mechanics, the electronic parts manufacturing affiliate of Samsung Electronics, announced Monday that it would supply high-performance substrates for hyper-scale data centers to AMD, the US chip design firm. According to the company, the flip chip ball grid arra...

• July 22, 2024

  Biden's withdrawal sparks mixed outlook for Kospi

  ... The Kospi shed 1.14 percent to close at 2763.51 points, marking four consecutive sessions of losses since hitting 2866.09 points on July 16. Secondary battery stocks such as LG Energy Solution, Samsung SDI, LG Chem and Posco Holdings lost 4.92 percent, 4.2 percent, 4.05 percent and 2...

• July 22, 2024

  Goldman Sachs appoints veteran dealmaker to head Korea IB

  ...e than $4.7 billion since 1999. In April, the firm advised MBK Partners in its successful $1.4 billion acquisition of Geo-Young, Korea’s largest wholesale distributor of pharmaceutical drug products. It led the $365 million Nasdaq initial public offering of Naver’s Webtoon last month and the $...

• July 21, 2024

  Is Samsung on track for large-scale M&A deals?

  Samsung Electronics is seen ramping up its merger and acquisition efforts to secure a stronger footing in the rising technology sectors, including artificial intelligence. The South Korean tech gian...ing in knowledge graph technology. It is the first time the company makes such an inves...

• July 19, 2024

  Samsung sees fewer preorders for Galaxy Z foldable phones

  Preorders for Samsung Electronics’ new foldable smartphones have topped 910,000 units in South Korea, a decline from 1.02 million preorders for their predecessors last year, according to the tech giant on Friday. Ahead of the official release of the Galaxy Z Flip6 and Fold6 on July 24, ...

• July 18, 2024

  Asset managers rush to rebrand ETF products to spur growth

  ... assets, such as leading US stock indices Nasdaq 100 and S&P 500 to India’s benchmark Nifty 50. While the domestic ETF market is spearheaded by crosstown rivals Mirae Asset Global Investments and Samsung Asset Management, each owning more than 35 percent market share, others are seeki...

• July 18, 2024

  Samsung acquires UK tech startup to expand on-device AI capabilities

  Samsung Electronics said Thursday that it has acquired Oxford Semantic Technologies, a UK-based startup, to enhance the on-device AI integrated into its Galaxy series. According to the tech giant, t... the field of data knowledge," said Cheun Kyung-whoon, president and chief technology o...

• July 18, 2024

  [KH Explains] Doosan's merger plan fuels investor clash

  ...orea’s capital market law, and is unable to reflect a company’s intrinsic value, such as its profit-making potential. This has led to similar controversies in past mergers, like the merger between Samsung C&T and Cheil Industries in 2015. Industry experts have voiced concerns over th...

• July 15, 2024

  Trump presidency won’t be a bane for Korean firms: FKI chief

  ...in states with a weak labor union presence, Trump’s second term would be a positive factor, as Biden would prefer states with union strongholds where Democrats are more likely to be, Ryu claimed. Samsung Electronics invested in Texas while Hyundai Motor Group chose Georgia and Alabama...

• July 15, 2024

  Chinese rivals to take on Samsung with slimmer foldable phones

  ... Z 6 series are anticipated to surpass 10 million units, the previous model's estimate. Sales of Samsung's latest foldable phones are expected to increase by 30 percent compared to their predecessors,...ercent from a year earlier. Huawei's market share more than doubled on-year to 35 pe...

• July 14, 2024

  Samsung chief renews commitment to India

  Samsung Electronics Chairman Lee Jae-yong inspected Indian operations in Mumbai over the weekend, following his attendance at the wedding of Anant Ambani, the youngest son of Reliance Industries Chai... quoted as saying during his meeting with local employees. His four-day visit to India...

• July 12, 2024

  Samsung invests in US DNA-sequencing biotech Element Biosciences

  Samsung Electronics took part in a $277 million Series D investment for Element Bioscience, a US-based DNA analysis equipment company, to expand its footing in the medical device market, the company ...and multi-omics technology that boasts the industry's "top level" accuracy for research...

• July 12, 2024

  South Korea faces existential issue: OECD

  ...the second half. "With inflation falling back and renewed demand for computer chips powering a wave of investment in AI across the world, exports are again driving growth," Koen said, adding that Samsung Electronics' recent earnings surprise in the second quarter — a 15-fold surge on-...

• July 11, 2024

  S. Korea appeals tribunal order to pay $32m to US hedge fund

  ...it to pay $32 million to a US hedge fund to compensate for its intervention in the merger of two Samsung affiliates in 2015, the Justice Ministry said Thursday. The appeal to the ruling by the Perman...fluence over the National Pension Service’s decision to green-light the $8-billion ...

• July 11, 2024

  LGE, Qualcomm chiefs meet to discuss AI partnership

  ...sing AI, and offer differentiated user experience to them,” Cho said. Leaders of global tech giants and Korean conglomerates are seen ramping up their global networks in recent years. Last month, Samsung Electronics Chairman Lee Jae-yong met with the Qualcomm CEO in the US and discuss...

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