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Samsung becomes first tech giant to top W100tr quarterly profit

Samsung becomes first tech giant to top W100tr quarterly profit

Samsung Electronics said Thursday its third-quarter operating profit surged an estimated 782.5 percent from a year earlier to a record 107.4 trillion won ($80 billion), making it the first technology

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Companies

LG CLOiD meets young innovators

LG Electronics is showcasing its robotics ambitions at the 2026 First Global Challenge, an international youth robotics competition running Wednesday through Saturday at Songdo Convensia in Incheon. T
Companies

‘Seeing the unseen’ opens new doors: GBF speakers

The best business ideas often hide in plain sight, from gaps big companies miss to daily hassles people ignore, speakers at this week's Global Business Forum said Wednesday. The 10th edition of the we
Tech

Samsung’s HBM prices tipped to more than double in 2027

Samsung Electronics’ high-bandwidth memory prices are expected to more than double next year as the industry shifts to HBM4 and tight DRAM supply gives memory-makers more room to raise contract prices
Companies

Medicube enters Mexico’s luxury department store market

APR has opened a permanent Medicube store at Mexico’s Palacio de Hierro, becoming the first Korean beauty brand to enter the premium department store chain, the company said Wednesday. The store at th
Companies

Hyundai closes in on Ford in US. Can it pull ahead?

Hyundai Motor Group is closing in on Ford’s position as the third-largest automaker in the US, with strong hybrid sales putting a potential third-place finish on an annual basis within reach. Hyundai
Companies

Musinsa expands Japanese fashion offerings with Korean pop-up

Musinsa will host Japanese fashion platform Zozotown’s first pop-up in Korea this month, bringing 15 Japanese brands to Seoul as the partners expand their cross-border business. The event will run fro
Tech

Samsung set for record W100tr quarterly profit on memory boom

Samsung Electronics is poised to break the 100 trillion won mark in quarterly operating profit for the first time, as booming memory chip sales drive another record quarter. The company is expected to
Companies

Korea’s first homegrown GLP-1: Can Hanmi’s Eppe undercut Mounjaro and Wegovy?

Hanmi Pharmaceutical’s Eppe is poised to challenge Wegovy and Mounjaro in Korea’s fast-growing obesity drug market, with price emerging as a potentially decisive advantage. The homegrown glucagon-like
Companies

Samsung breaks ground on FlaktGroup HVAC plant in Gwangju

Samsung Electronics broke ground Monday on a new FlaktGroup heating, ventilation and air-conditioning plant in Gwangju, expanding its capacity to supply cooling systems for artificial intelligence dat
Companies

Musinsa’s W8tr valuation questioned ahead of IPO

Questions are emerging in South Korea’s financial market about whether Musinsa, the nation’s largest online K-fashion platform by sales, is appropriately valued at 8 trillion to 10 trillion won ($5.9
Tech

Samsung to launch first AI glasses in November, taking aim at Meta

Samsung Electronics will launch its first artificial intelligence glasses in November, entering a still-nascent wearable AI market where Meta has built an overwhelming early lead with camera-equipped,
Companies

Lotte expands financial, export support for partners

Lotte is expanding financial and overseas marketing support for its partner companies, helping ease cash-flow pressures and connect smaller businesses with international buyers. Ahead of Chuseok, 27 L
Companies

Olive Young’s growth spills over to nearby shops

New Olive Young stores are lifting sales at nearby traditional markets and restaurants, according to a study led by Hanbat National University professor Lee Sung-ho. The study found that sales at trad
Companies

LG-GM venture upgrades US plant for EV batteries

Ultium Cells, the battery joint venture between LG Energy Solution and General Motors, will upgrade its Tennessee plant to produce a new generation of batteries designed to lower costs and boost energ
Tech

Samsung Electro-Mechanics W6.78tr buildout gets customer backing

Samsung Electro-Mechanics will spend $5 billion expanding chip package substrate capacity in South Korea and Vietnam, with global customers helping fund part of its new AI-server substrate capacity in
Tech

LG Innotek, Applied Intuition begin gathering Korean road data

LG Innotek has begun collecting real-world driving data on Korean roads with US software company Applied Intuition to improve sensors and software for autonomous vehicles, the company said Tuesday. Th

Herald Corporation |CEO : Choi Jin-Young |Huam-ro 4-gil 10, Yongsan-gu, Seoul, Korea |Title : The Investor |Date of registration : 2016.06.21 |Date of issue : 2016.06.21
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