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June 09, 2024
Samsung Electronics executives buy W1.15b worth treasury stocks
Samsung Electronics executives have been actively purchasing treasury shares to prop up the price, which has struggled to break out of the 70,000 won ($50.70) range. Six executives at the tech giant...ard, on Sunday. Park Hak-kyu, president of management support, purchased 5,500 common ...
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June 07, 2024
Samsung to introduce real-time AI translation to third-party apps
Samsung Electronics will introduce its real-time translation feature backed with artificial intelligence to third-party messaging apps like KakaoTalk to support voice calls, as part of its efforts to..., also revealed that the Galaxy AI features will be optimized for use on foldable smart...
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June 07, 2024
SK, TSMC chiefs agree to boost collaboration on AI chips
...MC's Chip on Wafer on Substrate technology, the company said. SK hynix is currently forecast to dominate the burgeoning HBM market this year, taking some 52 percent of the market share. Runner-up Samsung Electronics follows SK with 42.4 percent of the market, while US-based Micron Tech...
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June 07, 2024
Future of robots depends on AI: Rainbow Robotics founder
...eil a trial product of a new electric bipedal walking robot as early as the end of this year. Rainbow Robotics, founded by a research team at KAIST Humanoid Robot Research Center in 2011, is one of a handful of robot companies making bipedal human-like robots. Samsung Electronics owns ...
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June 07, 2024
Samsung, Verizon chiefs join hands to promote Galaxy series
Samsung Electronics Chairman Lee Jae-yong took off for the US on a trip tightly packed with business meetings with tech leaders and government officials there, with the goal of strengthening existing...and displaying Galaxy smartphones in Verizon stores to offer visitors a hands-on experi...
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June 07, 2024
Samsung Fire & Marine convenes global insurance conference in Incheon
Samsung Fire & Marine Insurance, the nation's leading non-life insurer, gathered insurance experts from inside and outside the country to share insights about the industry and Korea's insurance lands...in Yeongjongdo, Incheon, marked the first global insurance conference in Korea, accordi...
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June 05, 2024
Act-Geo founder arrives in Seoul to explain oil find
...lized contracts for full-scale drilling operations. Norway’s Seadrill, one of the leading global drilling companies, will spearhead the effort, deploying the drillship West Capella. Purchased from Samsung Heavy Industries in 2008, the West Capella is scheduled to arrive in Busan from L...
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June 05, 2024
42dot gets $185m from Hyundai-Kia to boost hiring
...eceiving new features and improvements through software updates without needing to change their physical parts. At this year's CES technology show in Las Vegas, 42dot announced a partnership with Samsung Electronics to utilize the chipmaker's Exynos Auto, a processor designed for autom...
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June 05, 2024
Undervalued no more: Jusung Engineering to spin off chip business
...pany's leading technologies is Atomic Layer Deposition technology, which the company supplies to Samsung Electronics and SK hynix, the world's top two memory chip makers. Last year, the company achie...et." Eun-seok earned a doctorate in material science at Seoul National University a...
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June 04, 2024
[Bio USA] Samsung Biologics unveils new platform at Bio USA
Samsung Biologics anticipates that S-Tensify will enhance its contract development services by transitioning from traditional Fed-Batch culture methods to high-concentration culture methods with improved productivity. Additionally, Samsung Biologics also launched a rebranded se...
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June 03, 2024
Samsung out to reclaim foldable crown
Competition in the growing foldable smartphone market is set to get fiercer. Samsung Electronics is out to regain market leadership with a new foldable phone series next month, while Chinese rivals ...cial said, "There's nothing to comment on.” In an unexpected twist in the industry, H...
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June 03, 2024
Korea bets big on gas, oil prospects in East Sea
...commercial production of the gas field between 2004 and 2010, posting a revenue of 2.6 trillion during the period. For the maximum value of the deposit, Ahn said it could be worth over five times Samsung Electronics’ market capitalization, which equaled 454 trillion won as of 2 p.m. M...
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June 02, 2024
Korean biotech firms seek to shine at Bio USA amid China’s boycott
...t up exhibition booths, including major contract development manufacturing organizations such as Samsung Biologics, Celltrion, SK Bioscience and Lotte Biologics. San Diego is one of the US' top three...ug development, joint research and licensing, leading to more two-way communication,...
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June 02, 2024
Chubb unites Korean insurance arms under 'Lina' brand
... General Insurance said. Ace American Fire and Marine Insurance Company Korea has been struggling to expand its presence in South Korea, where four major insurers run by Korean conglomerates like Samsung, Hyundai, KB and DB control 70 percent of the market. On Thursday, Lina Life also...
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June 02, 2024
Hanwha makes Time's top 100 most influential companies list
...ldwide in 2021 with nominations and polls from its global network of contributors, correspondents and outside experts and the editors' evaluation. In the case of Korean firms, industry leaders -- Samsung, SK, Hyundai Motor and Hybe -- as well as up-and-coming players such as the Pinkfo...
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May 30, 2024
Gyeonggi governor urges sweeping changes to survive uncertainties
...” Kim said. According to him, Gyeonggi Province alone was ranked as the 35th largest economy in the world last year, whereas South Korea was ranked 17th. Home to massive semiconductor clusters of Samsung Electronics and SK hynix, the world’s top two memory chip makers, the province c...
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May 30, 2024
Samsung's new semiconductor chief urges collective efforts to stay atop
Jun Young-hyun, the new head of Samsung Electronics’ semiconductor business, called Thursday for unity among management and employees to retain its leadership in the ever-evolving chip industry. “Samsung’s semiconductor business has 50 years of history and has maintained the...
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May 29, 2024
Samsung Electronics union declares first-ever strike
Unionized workers of Samsung Electronics said Wednesday that they will go on strike on June 7 after failed wage talks with the management -- the first-ever strike in the tech giant’s five decades of ...e, as the breakdown in negotiations between Samsung Electronics' labor and m...
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May 29, 2024
UAE president, Hyundai Motor chief discuss green mobility partnerships in Seoul
...e mobility during Al Nahyan's visit to Korea this week. The UAE President's visit, his first to South Korea, also included meetings with leaders of other major South Korean conglomerates, such as Samsung Electronics' Lee Jae-yong and SK Group's Chey Tae-won. These discussions preceded ...
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May 27, 2024
Samsung Biologics to attend 2024 BIO International Convention next week
Samsung Biologics, one of the world’s largest contract and manufacturing organizations, said Monday that it will be participating in the upcoming 2024 BIO International Convention, the biopharmaceuti...ompanies joining from around the world. Taking part in the event for the 12th consecu...
October 06, 2024
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