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June 16, 2023
Top chaebol groups search for breakthrough strategies
...ieved carbon neutrality, and stressed SK should reach its carbon neutrality goal faster. Amid the global economic downturn, other conglomerates are also set to hold management strategy meetings. Samsung Electronics, which recorded its worst earnings record in the first quarter this ye...
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June 16, 2023
Korea unfazed by new EU battery law
... in the EU,” the Ministry of Trade, Industry and Energy said in a statement. According to the Korea International Trade Association’s report, Korean companies led by LG Energy Solution, SK On and Samsung SDI had a 63.5 percent market share in the EU last year. The EU battery law aim...
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June 15, 2023
Samsung Electronics students' most favored employer for 1st time in decade
Samsung Electronics has been picked as the most desirable company to work for among college students here this year, occupying the top spot for the first time in a decade, a tally from a job portal s...y market capitalization on South Korea’s benchmark Kospi and secondary Kosdaq. Those ...
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June 15, 2023
Korean biz leaders join forces for hydrogen leadership
...2 Business Summit are Hyundai Motor Group, SK Group, Posco Group, Lotte Group, Hanwha Group, GS Group, HD Hyundai, Doosan Group, Hyosung Group, Kolon Group, E1, Korea Zinc, Isu Group, Iljin Group, Samsung C&T, SeAH Group and LG Chem. Among the attendees at Wednesday’s event were some ...
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June 15, 2023
US likely to extend exemptions for Korean chip production in China
...ns for global chip suppliers operating in China, including the world's top two memory chipmakers Samsung Electronics and SK hynix, as it would prevent the firms from selling advanced chips to China an...mated the complexity and effects of isolating China from the production of advanced ...
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June 15, 2023
[From the scene] Is investment drought near end for Korean biotech?
...firms. But not this time. Many of them seemed to have insufficient fund to make additional investment,” Jung said. Outlooks for Korean contract development and manufacturing organizations such as Samsung Biologics, Lotte Biologics and Celltrion, are bright as they have enough liquidit...
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June 14, 2023
[KH Explains] Why is Samsung's Monimo losing in financial app game?
More than a year has passed since Samsung's financial affiliates launched the comprehensive service app Monimo together, but unfortunately, it has fallen short of market expectations. Under the brand Samsung Financial Networks, Monimo offers services from four Samsung...
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June 14, 2023
Samsung, SolarEdge team up for net-zero homes
Samsung Electronics said Tuesday it was teaming up with Israeli firm SolarEdge Technologies, the world's leading solar smart inverter company, to promote carbon-neutral homes. Under the new partnership, Samsung has established a foothold for expanding its SmartThings Energy bus...
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June 14, 2023
Celltrion aims to gain approvals for 5 biosimilars this year
...synergy in developing new drugs. Celltrion's aggressive expansion of its biosimilar business comes as the number of its approved biosimilar products in the global market has fallen behind that of Samsung Bioepis, the firm's local rival, as of the first half of 2023. Currently, Sa...
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June 14, 2023
More flexible workweeks at Samsung, large firms
Samsung Electronics said Tuesday it is introducing more flexible working hours by allowing employers to take one Friday off per month. Keen attention is being paid to the brand new working hour sche...sting hours. But the company does not plan to adopt a four-day workweek system any time...
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June 13, 2023
Ex-Samsung exec arrested for leaking chip tech to China
A former executive of Samsung Electronics has been taken into custody for leaking the tech giant’s confidential business information to build a copycat semiconductor manufacturing plant in China, a l...llions of won, as it is the result of decades of simulation, research and development ...
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June 12, 2023
Samsung's chip division to introduce custom AI Services for employees
Samsung Electronics reportedly plans to launch an in-house artificial intelligence-based service for internal use this year amid security concerns raised over OpenAI’s highly-advanced chatbot ChatGPT...s the tech giant’s chip business, recently unveiled the plan during a recent lecture ...
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June 12, 2023
[KH Explains] Mobility alliance win-win for Samsung, Hyundai
South Korea’s top makers of chips and cars, Samsung Electronics and Hyundai Motor Group, announced their first-ever partnership last week, fueling speculation that their rare tie-up could further extend in the field of future mobility. Under the deal, Samsung will supply automo...
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June 09, 2023
Samsung Biologics wins record Pfizer deal
Samsung Biologics said Thursday the company won a $411.3 million contract manufacturing deal from Pfizer to produce the US-based pharmaceutical giant’s biosimilar products. Even though the company d...plant. Other details of the deal, including the contract period, were not revealed im...
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June 09, 2023
[Bio USA] Who’s behind Samsung Biologics' evolving technology?
...with the world’s largest production capacity has been the main driving force of the rapid growth Samsung Biologics has enjoyed over the past 10 years. In the next 10 years, the company will focus on ...ated to bispecific antibodies and mRNA, and invested in Araris, which has ADC techn...
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June 08, 2023
[Bio USA] Lotte's CDMO ambition gets full support from US plant
...ty in East Syracuse, New York from 165-year-old US pharmaceutical firm Bristol Myers Squibb last year as a part of its market entry strategy into the CDMO sector, where its bigger crosstown rivals Samsung and SK have been racing to enter in search for their future growth engine. After ...
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June 08, 2023
Samsung’s Exynos processor to power Hyundai’s in-car infotainment systems
Samsung Electronics said Wednesday that its latest automotive processor, the Exynos Auto V920, will be supplied to Hyundai Motor’s next-generation in-vehicle infotainment systems, a first chip collab...eol Pyee, executive vice president of sales and marketing at the system LSI business d...
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June 08, 2023
[Bio USA] Samsung Biologics hints at sales push for new plant
BOSTON -- Samsung Biologics' US sales chief said Tuesday that the South Korean drug contract manufacturing giant will bolster its global reach to secure more large-volume orders, tapping Alzheimer’s ...es of the 2030 BIO International Convention held in Boston this week, Kevin Sharp, sal...
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June 08, 2023
Samsung picks Seoul to unveil new foldable phones for 1st time
Samsung Electronics, the world’s No. 1 smartphone maker by shipment, said Wednesday it will unveil its new foldable smartphone series in Seoul for the first time, in the “beating heart” of the compan...ble smartphones, tentatively dubbed Galaxy Z Flip 5 and Z Fold 5, as it is the "beat...
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June 07, 2023
LG Electronics joins RE100 to go net zero by 2050
...00 initiative, introduced by The Climate Group in partnership with the Carbon Disclosure Project in 2014, sets a 2050 target for using 100 percent renewable electricity. Global tech giants such as Samsung Electronics, Apple, TSMC and Sony have already joined the initiative. LG Electron...
October 04, 2023
