-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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...
-
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 ...
-
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...
-
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 ...
-
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...
-
January 24, 2024
[Herald Interview] Thoughtful approach keeps winning Korean investments in Indiana
... of Commerce on a trip to Korea last year, engaging in crucial business meetings with firms like Samsung SDI. Indiana's business landscape is increasingly marked by the presence of South Korean firms... climate and our partnership ethos,” she said. Catering to the specific needs of c...
-
January 24, 2024
Samsung exec touts Galaxy S24 as true phone camera revolution
SAN JOSE, California -- The Galaxy S24 series is the "ultimate collection" of Samsung Electronics' artificial intelligence technology for cameras, allowing users to become "expert photographers" with...24 series starts and ends with AI. Dubbed the ProVisual Engine, it is the ultimate coll...
-
January 24, 2024
SK becomes No. 2 in market cap
...he first time since January 2022 for SK to regain the No. 2 position based on market cap. While Samsung Group has long maintained its No. 1 position for years, SK and LG have competed for second. SK ...de its high-profile stock debut as the second most-valued company, worth 118 trillio...
-
January 24, 2024
Korean banks ready to step up their game in India
...in more than five years for the lender to add new establishments in the country. The two locations, Chennai and Pune, are where many big-name Korean companies have ventured out. Korean tech giant Samsung Electronics and top automaker Hyundai Motor operate factories in the southeastern ...
-
January 23, 2024
One in 10 Korean nationals work in large companies
... working at conglomerates with over 300 people rose by 89,000 on-year. The biggest employer was Samsung Electronics, the nation's No. 1 company by market capitalization, which had 124,070 employees u...st semi-annual report on the Financial Supervisory Service's electronic disclosure b...
-
January 23, 2024
OpenAI CEO mulls visiting Seoul to seek chip partner
...hiefs' meeting in Seoul. Industry sources also noted the possibility of OpenAI cooperating with Samsung Electronics, as they believed that the US AI company needs to enhance cooperation in diverse ar...h-performance semiconductors sufficient to be used for ChatGPT. Another anonymous s...