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March 04, 2024
Global tech titans rush to visit Seoul to win AI leadership
...y sources on Sunday. Sources believe the three Big Tech leaders traveled to Korea to find opportunities by establishing independent supply and demand systems by bolstering business alliances with Samsung Electronics, LG Electronics and SK hynix before the AI and ext...
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March 04, 2024
Korean stocks benefit from Zuckerberg's Seoul visit
...echnologies including artificial intelligence, augmented reality and display panels are gaining attention. In a report on Friday, Korea Investment and Securities suggested eight stocks, including Samsung Electronics and LG Electronics, that would benefit from Zucker...
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February 29, 2024
[KH Explains] What does Apple's dead car project mean for Samsung, Hyundai?
...t was a step-by-step approach for the auto industry." Apple’s doomed car project is widely expected to affect the future strategies of its rivals across industries. There will be no exception for Samsung Electronics and Hyundai Motor Group, the nation’s top companies that s...
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February 29, 2024
Yoon, Zuckerberg discuss AI, digital ecosystem in Seoul
...on, according to the presidential office. Additionally, the Meta founder reportedly pointed out Samsung Electronics’ global competitiveness in the foundry business raises the importance of its partne...sit as part of an Asia tour. On Wednesday, Zuckerberg met with business ...
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February 28, 2024
Zuckerberg meets LG’s top brass in Seoul over XR partnership
Mark Zuckerberg, CEO of Meta, formerly Facebook, met with LG Electronics CEO Cho Joo-wan on Wednesday in Seoul to discuss ways to strengthen their corporate partnership in the extended reality busine..., the first official visit since 2013. Industry sources said Zuckerberg was likely to ...
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February 28, 2024
Kakao Pay vice president appointed head of securities unit
...kao Pay Securities' presence in global markets, especially through overseas payment solutions and the attempt to acquire US brokerage Siebert, have been noteworthy, according to the firm. Before joining Kakao Pay, Shin gained experience in the technology and platform business sectors through rol...
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February 27, 2024
Samsung eyes AI chip leadership with highest-capacity HBM3E
Samsung Electronics said Tuesday it has developed HBM3E 12H, the industry’s first 12-stack HBM3E DRAM and the highest-capacity HBM product to date, going one step further than its rivals in the burgeoning artificial intelligence chip market. The world's largest memory chip mak...
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February 27, 2024
SK chief ambitious about leading AI era with ‘much more’ services
... for future growth engines by participating in global tech events, including the MWC and the CES 2024, the world’s largest tech trade show, in Las Vegas, last month. On the same day, Chey visited Samsung Electronics' showroom with the tech giant mobile chief Roh Tae-moon and...
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February 27, 2024
[KH explains] Why Korea has been so quick to adopt ‘global minimum tax’
Industrial impact According to government estimates, about 250 companies, including Samsung Electronics and Hyundai Motor Group, will be subject to the 15 percent minimum rule. Authorities cautioned about a heightened impact on the auto and energy sectors, which have been bene...
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February 27, 2024
Zuckerberg to discuss developing mixed reality headset with LG chief
Mark Zuckerberg, CEO of Meta, formerly Facebook, is expected to meet with LG Electronics CEO Cho Joo-wan to discuss joint development of an advanced mixed reality headset, according to industry sourc...industry and its usage. Apple launched its first AR headset, Apple Vision Pro, early th...
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February 27, 2024
Samsung joins global AI-RAN alliance to lead 6G technology
Samsung Electronics said Monday it has formed an alliance with global Big Tech firms to research sixth-generation technology and create an ecosystem through the convergence of artificial intelligence and wireless communication technologies. The AI-RAN alliance was officially la...
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February 23, 2024
Samsung, LG maintain TV leadership amid Chinese rush
Korean TV makers Samsung Electronics and LG Electronics cemented their leadership in the global premium TV market in 2023, but they have been warned to gear up for Chinese rivals flooding the market with cheaper products. In the premium sector for TVs priced at higher...
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February 23, 2024
Samsung Galaxy smart band Fit3 to hit shelves
Samsung Electronics said Thursday that it would launch a new fitness band globally, more than three years after unveiling its predecessor in October 2020. The Galaxy Fit3 is designed with an aluminum body and a 1.6-inch display, which is 45 percent wider than the previous model...
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February 22, 2024
Meta CEO to visit Seoul next week possibly on AI partnership
...e than a decade, according to industry sources and the presidential office on Wednesday. Although details of his upcoming trip are unknown, sources predicted that the Meta founder could meet with Samsung Electronics Chair Lee Jae-yong, as he did during his first trip to Korea...
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February 22, 2024
Samsung, UK's Arm team up to produce advanced AI chips
Samsung Foundry, Samsung Electronics' chip manufacturing arm, is teaming up with the UK's Arm to adopt the firm's design assets for Samsung's most advanced chip-making process technology, Gate-All-Around, which aims to boost the company's edge in the global A...
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February 20, 2024
Samsung’s first integrated labor union sets sail
A labor union comprising workers of four Samsung Group affiliates was officially launched Monday, as employees seek ways to break away from the unreasonable relationship between workers and management. Samsung Group United Union, representing Samsung Electronics<...
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February 20, 2024
Coupang, Yuhan join labor policy-focused business lobby
...panies, has differentiated itself by focusing on regulations and legislation tied to labor-management relations. Last year, Coupang became the second-largest employer in the country in 2023 after Samsung Electronics. The number of workers employed by Coupang and its logistics...
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February 18, 2024
Samsung chief inspects bio biz site, urges employees to go beyond limits
Samsung Electronics Chair and Samsung Group leader Lee Jae-yong on Friday visited the group’s biotech arm in Incheon, calling on executives and staff members to set higher goals after the unit posted all-time high earnings last year. At Samsung Biologics’ ...
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February 18, 2024
Hyundai Motor to cut foreign chip reliance with local push
...ales support over international suppliers. In June last year, Hyundai already took a step in this strategic direction by announcing its plan to source semiconductors for infotainment systems from Samsung Electronics starting in 2025. Samsung Electronics sa...
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February 16, 2024
Activist funds demand W1tr Samsung C&T payout
A tense faceoff between shareholders and Samsung C&T management is expected, as five foreign activist funds have teamed up to demand the Korean firm return its profit to shareholders through dividend... the construction and energy arm of Samsung Group, stands as the de facto hol...