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February 08, 2024
GM chair meets battery partners in 1st Seoul visit
...sited South Korea to meet the automaker’s Korean battery manufacturers -- LG Energy Solution and Samsung SDI -- to strengthen their partnerships further and discuss the global electric vehicle transit...to begin operations in 2026. According to reports, Barra also met with high-level ...
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February 08, 2024
Stage X defies skepticism, vows to launch service in H1 next year
... network quality management to customer service. Stage X targets achieving 1 trillion won in sales with a net profit within the next three years. Seo also said the consortium will cooperate with Samsung Electronics and Apple to introduce the two tech giant's smartphone models that sup...
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February 08, 2024
Samsung chief heads to Middle East after cleared of merger case charges
Samsung Electronics Chairman Lee Jae-yong took off on a business trip to the Middle East and Southeast Asia shortly following Monday’s court ruling that cleared him of stock manipulation charges in a...cluding stock manipulation and accounting fraud, related to the controversial merger b...
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February 07, 2024
Samsung Heavy Industries bags W4.6tr LNG carrier order
Samsung Heavy Industries scored a 4.57 trillion won ($3.43 billion) order with a Middle Eastern shipowner -- the single largest contract in its history -- to build 15 liquefied natural gas carriers, ...6 methanol-powered container ships in July last year. With the latest record-breaking ...
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February 06, 2024
Court clears Samsung chief of all charges
A Seoul court acquitted Samsung Electronics Chairman Lee Jae-yong of all charges related to a 2015 merger fraud case on Monday, clearing the path for the country's biggest tech giant to push forward ...Samsung executives rigged the company valuation and cooked accounting books i...
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February 06, 2024
[Gadget Review] Real-time call translation: SKT A. vs. Galaxy S24 Ultra
...as “Korea won so nicely.” A. translated it as “Korea won so dramatically, it was a great game.” Samsung's on-device translator had trouble recognizing intonation and pauses, and understood the senten...It is a pity that you are getting better now." Galaxy for Android, A. for iPhon...
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February 05, 2024
Court to rule on Samsung chief's alleged 2015 merger fraud
A Seoul district court is set to deliver a decisive ruling on Monday for Samsung Electronics Chairman Lee Jae-yong over the 2015 merger fraud case, under which he could face a prison term. The Seoul...igging company valuations and accounting fraud connected to the controversial 2015 merg...
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February 05, 2024
[KH Explains] US Election: calm before the storm for Korean auto, battery makers
...certain battery parts and materials secured from US soil or via international partners. Taking the US-first legislation in stride, Korean companies, namely Hyundai Motor Group, LG Energy Solution, Samsung SDI and SK On, have committed billions of dollars to build manufacturing plants on...
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February 04, 2024
Merck to expand investment in AI chip leading Korean market
...y it will continue to invest in Korea, the home of the world's two largest memory chip producers Samsung Electronics and SK hynix, in line with the expansion of investment by its Korean clients due to...e next five years with the emergence of various AI applications. The CCO said its ke...
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February 02, 2024
Will cheaper foldable phones become a reality?
Despite Samsung’s repeated denials, speculation grows on more affordable foldable phones to take on Chinese rivals But he agreed it would be a tricky decision for Samsung to launch a cheaper foldabl...ng a surge in panel orders. In the fourth quarter of last year, China’s BO...
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February 01, 2024
Samsung reduces chip deficit in Q4 on DRAM recovery
Top memory chipmaker to stick to production cuts, hopes for turnaround in H1 Samsung Electronics said on Wednesday it narrowed the size of the semiconductor deficit in the October-December period, a...he first half of the year and will expand to 90 percent in the second half. In April l...
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January 31, 2024
Samsung SDI logs record sales in 2023 on strong EV demand
Samsung SDI said Tuesday it posted an all-time high revenue last year with robust growth in sales of electric vehicle batteries. In its earnings report, the company said annual sales revenue soared ...of the premium prismatic battery product P5,” said Park Jong-sun, head of strategic ma...
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January 31, 2024
Samsung Galaxy S24 hits shelves globally
Samsung Electronics said on Tuesday it is starting sales of its latest flagship smartphone the Galaxy S24 globally, largely buoyed by record preorders made at home over the past week. The new phone,...key markets, including the US, Britain, Singapore, France, and India, from Wednesday. U...
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January 31, 2024
Samsung Biologics stocks extend rally on US bill
Samsung Biologics shares extended a rally Tuesday on upbeat sentiment that the company may be benefiting from US-proposed legislation that aims to restrict Chinese biotech firms from accessing the al...ts sales. “Amid the escalating US-China rivalry, international pharmaceutical firms w...
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January 29, 2024
South Korean exports to China plunge to three-decade low
... product manufacturing and technological development, spurred by geopolitical tensions and supply chain disruptions, is leading to Korea’s reduced commercial presence in the all-important market. Samsung Electronics, which had topped China’s smartphone sales with 20 percent market sh...
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January 29, 2024
Galaxy S24 series set new all-time presales record in Korea
Samsung Electronics’ latest Galaxy S24 series, touted as its first artificial intelligence smartphone, broke the company’s presales record in Korea, selling 1.21 million units in just a week. After ...1.09 million units during its presale week, but also all of the Galaxy smartphones, a...
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January 29, 2024
[KH Explains] Will OpenAI, Korean chipmakers team up to take on Nvidia?
...e officer of OpenAI, visited Seoul last week to hold a series of meetings with top executives of Samsung Electronics and SK hynix, the world’s top two memory chipmakers, fueling speculation that the “...opped the global foundry market taking 57.9 percent of sales in the third quarter ...
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January 26, 2024
Hyundai takes earnings crown after profit surge
...an all-time high annual operating profit of 26.7 trillion won ($20 billion) last year, outpacing Samsung Electronics, which held the No. 1 position among the listed companies in Korea for 14 consecuti...r Lee Byung-chull. The two conglomerates also clashed over the automotive business w...
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January 25, 2024
[From the scene] Immersive ‘Squid Game’ challenge thrills fans in LA
...Z Flip5 is set up. Visitors can also try out various Korean foods and drinks in the marketplace, all curated by Yangban chef Katianna Hong. As a partnering supporter of the immersive experience, Samsung sponsored five TVs at the site, including the 85-inch Neo QLED 8K and the 85-inch ...
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January 25, 2024
Samsung Biologics' profit exceeds W1tr for 1st time
Samsung Biologics’ annual operating profit topped 1 trillion won ($749 million) last year for the first time, according to the company’s regulatory filing on Wednesday. Its operating profit came to ...s global competitors are lowering their earnings guidance for the fiscal 2023,” an o...