-
July 08, 2024
Samsung, SK bet big on glass substrates for AI chips
South Korea’s top chip makers Samsung Electronics and SK hynix are betting big on glass substrates, a “game changer” in chip making that could drastically boost the data capacity and speed of semicon...airman Chey Tae-won inspected the headquarters of Absolics last week during his trip...
-
July 08, 2024
[Business Diplomacy] Importance of tracking money in politics
... the same period, the Korea Trade-Investment Promotion Agency, or KOTRA, has spared $121 million to become the 10th biggest foreign principal to lobby in the US. Korea’s top conglomerates such as Samsung, Hyundai Motor, SK and LG have spent millions of dollars as they expand their bus...
-
July 08, 2024
Samsung workers' union kicks off first-ever strike
Unionized workers of Samsung Electronics launched their first-ever strike Monday, demanding higher pay and warning of potential further action if the country's largest conglomerate does not meet their demands. The National Samsung Electronics Union, the nation's biggest labor u...
-
July 05, 2024
Samsung projects 15-fold surge in Q2 profit
Samsung Electronics predicted Friday that its operating profit in the April-June period would rebound to exceed 10 trillion won ($7.3 billion), driven by a recovery in demand for memory chips and rising prices on the back of the expansion of the artificial intelligence market. Samsu...
-
July 05, 2024
Samsung SDI clinches W1tr energy storage deal with top US electric utility
Samsung SDI is set to supply energy storage solution batteries worth 1 trillion won ($724 million) to NextEra Energy, the largest electric utility in the United States. Industry sources report that Samsung SDI is finalizing a contract to provide batteries with a total capacity ...
-
July 05, 2024
Value-up Program optimism brings Kospi to two-year high
...ack, other financial group stocks including Shinhan, Hana, BNK and JB also notched strong gains. Samsung Life Insurance gained over 3 percent to become the stock with the 19th-highest value in terms o...ck, will be cut by 5 percent points, starting from the second half of this year. Ma...
-
July 03, 2024
Samsung to boost display investments in Vietnam
Samsung Electronics Chairman Lee Jae-yong on Tuesday renewed his commitment to boosting investment in Vietnam, where the company remains the biggest foreign investor, during a meeting with Vietnamese...of about 90,000 people. In 2023, Samsung Vietnam exported $55.7 billion, acco...
-
July 02, 2024
[Business Diplomacy] Time matters more than money in engineering lobbying prowess
...intensifying competition between the US and China, Korean conglomerates have been seen significantly ramping up their spending in lobbying, renewing their Washington offices and increasing staff. Samsung Electronics, with its key items being smartphones and advanced chips, spent the mo...
-
July 02, 2024
Unionized Samsung workers to stage 3-day walkout
Unionized workers of Samsung Electronics have said they will stage a three-day walkout beginning July 8, as their negotiations with management over wages and working conditions have so far failed. The National Samsung Electronics Union, the largest among multiple Samsung
-
July 02, 2024
LG Energy Solution lands major LFP battery deal with Renault
...ies, which are now being adopted by premium brands such as Tesla, Volkswagen, and Mercedes-Benz. In response to this market shift, LG Energy Solution, along with other South Korean battery makers Samsung SDI and SK On, have expanded their LFP battery development efforts. “This contra...
-
July 01, 2024
Global memory chip market picks up amid AI boom
... due to the capacity squeeze from HBM production," TrendForce said in its analysis, referring to Samsung Electronics, SK hynix and Micron Technology for the major suppliers. HBM products use about th...I sector is expected to drive orders for high-capacity SSDs. In the first quarter o...
-
June 30, 2024
Foreign buying of Korean shares soars to new record in H1
...vestors turned to net buying again in June, racking up 5.23 trillion won. The market bellwether Samsung Electronics was the most bought stock for offshore investors as they racked up shares worth 7.9...llion won, followed by SK hynix at 3.8 trillion won, Hyundai Motor Company at 3.45 t...
-
June 27, 2024
Korea-US-Japan trilateral economic consultative group launched
... and confirmed our willingness to cooperate on developing trilateral industrial cooperation and joint responses to global risks." The meeting was attended by eight companies from Korea, including Samsung Electronics, SK, Hyundai Motor Company, Hanwha, Posco, Hyosung and LS; 10 companie...
-
June 27, 2024
SK chief meets with big tech CEOs in US
...telligence, including (SK hynix') High Bandwidth Memory to gear up for the coming AI in the next 2-3 years. SK Group, the country's second-largest conglomerate in terms of assets, has been speeding up efforts to overhaul its 213 affiliates, which is about triple the number of affiliates other co...
-
June 26, 2024
Parties rush to roll out competing chip bills with heftier incentives
...o chipmakers. Rep. Koh Dong-jin of the ruling People Power Party, who was formerly president of Samsung Electronics, introduced his first proposal bill on June 19, which called for the government to ...er and offer direct grants to cut operation and construction costs for chip firms. K...
-
June 26, 2024
New Galaxy foldable phones to debut in Paris on July 10
Samsung Electronics plans to unveil its highly anticipated next-generation Galaxy Z series infusing Galaxy AI at the upcoming event titled "Galaxy Unpacked 2024: Galaxy AI is Here” in Paris on July 1...-second clip features iconic imagery of the Eiffel Tower, the Galaxy AI logo and a sil...
-
June 25, 2024
Samsung steps up CXL development with Red Hot-certified infrastructure
Samsung Electronics, the world’s largest maker of memory chips, announced Tuesday it built the industry’s first certified Compute Express Link infrastructure, a crucial step not just for its own product verification, but also for creating an open-source ecosystem. Samsung Mem...
-
June 23, 2024
Why Korea's 8th attempt to launch 4th telecom carrier fell through
...end of realizing economies of scale. For instance, Britain's Vodafone is pursuing a merger with Three, while the US carriers T-Mobile and Sprint merged in 2020. “Looking at the situation in which Samsung Electronics and LG Electronics are actively competing in the home appliance marke...
-
June 21, 2024
Short selling ban hinders Korea’s MSCI index upgrade
...factor for a country's capital flow, as it affects the investment decisions of global institutional investors. Given MSCI's cautious note on the enhancement of South Korea's market accessibility, Samsung Securities analyst Kim Dong-young expressed a guarded outlook on next year's recla...
-
June 20, 2024
Samsung Biologics launch coporate culture change initiative
Samsung Biologics has launched an initiative to improve its corporate culture aimed at transforming it into a top-tier biopharmaceutical company by 2030. On Thursday, Samsung Biologics held a declar...n of ‘Samsung Biologics Way’ is the first step to innovate S...
October 14, 2024
![[Herald Interview] JM.Wave 'repowers' pollutant vehicles into emissions-free EVs](http://res.heraldm.com/phpwas/restmb_idxmake.php?idx=151&simg=/content/image/2024/10/13/20241013050137_0.jpg)
