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March 25, 2024
How TV remote button shortcuts for streamers have led to major profit for Samsung, LG
... blue shortcut buttons with Netflix and Disney+ logos to fancier features and operating systems, Samsung Electronics and LG Electronics, the world’s top two TV makers, are pouring resources into conte... The global market for free ad-supported TV has been growing rapidly in recent year...
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March 21, 2024
US unveils some $20 bln in grants, loans to Intel
The White House announced a plan Wednesday to award Intel nearly $20 billion in grants and loans, marking the Joe Biden administration's largest funding scheme under its initiative to strengthen dome...on in grants and $11 billion in loans under the CHIPS and Science Act, it said, as Sout...
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March 16, 2024
Major shifts among top market cap stocks on the KOSPI
... battery stocks slipped. According to the data from the Korea Exchange on Saturday, among the top 20 market cap stocks on the KOSPI as of Friday, 15 stocks have changed positions compared to the end ...n the rankings of Celltrion (from 12th to 8th), Shinhan Financial Group (from 18th t...
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March 15, 2024
Samsung Electronics' unionized workers threaten first-ever strike
Samsung Electronics could face its first-ever labor strike, as unionized workers have secured the right to legally conduct a walkout after wage talks between management and labor have fallen through,...its final wage decision plan. The latest decision has led the labor union, which consi...
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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 burge...try's smallest gap between chips at seven micrometers, and also eliminated voids betwe...
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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 aluminu...rice with the official launch, industry sources predict that it would cost around 100,0...
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February 20, 2024
Coupang, Yuhan join labor policy-focused business lobby
...t 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 subsidiaries Coupang F...ion of Korean Industries said last week the number of members expanded to 427 after ...
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February 15, 2024
Apple’s market share exceeds 25% for first time in Korea
...hare exceed 25 percent for the first time in 2023, slightly narrowing the gap with its archrival Samsung Electronics, despite the global economic downturn and decreased demand, a report showed Tuesday...e iPhone 15 series was launched here in October last year, the preorders placed by p...
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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...
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January 26, 2024
Hyundai takes earnings crown after profit surge
Hyundai Motor Group pulled in 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 consecutive years, for the first time. Hyundai Motor Comp...
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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 ...ue has fallen about 65 trillion won over the past year. LG Energy Solution alone suf...
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January 04, 2024
[KH explains] How young are ‘young’ CEOs in Korea?
...ft in the literal sense, like to kick out all those in the 50s and 60s and bring in those in their 20s and 30s,” the official said under the condition of anonymity. Another official also noted how th...heir chaebol chiefs may feel uncomfortable working with CEOs who are older than the...
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January 03, 2024
Battery, new energy sectors to feel pinch from global minimum tax
Hundreds of South Korean firms, including tech giant Samsung Electronics, are set to be hit by the newly implemented 15 percent global minimum tax rate. Under the new corporate tax rule that came in...stem was agreed upon by the Organization for Economic Cooperation and Development and t...
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December 27, 2023
US supply chain review to boost Korean chip sales: analysts
...me. Market observers here say the US measure is likely to benefit Korean chipmakers, especially Samsung Electronics and SK hynix, in reducing their large inventory of legacy chips. The two companies ...hain, Kim added. This year, the two Korean chip manufacturers are expected to log a...
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December 19, 2023
Overseas construction orders to exceed $30b for fourth year
...ation of Korea's statistics report. Subsequent rankings were the Middle East (30.2 percent), Asia (20.4 percent), Europe (6.4 percent), Latin America (5.0 percent) and Africa (3.9 percent). Compared ... Inflation Reduction Act signed into law in August last year. Some of the notable d...
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December 17, 2023
Samsung's AI model to be trained on 20,000 telecom-related academic papers
Samsung Electronics inked a partnership with the Korean Institute of Communications and Information Sciences for access to telecommunication-related academic papers to use in the training of its arti...he competitiveness of Korea's generative AI industry. Under the agreement, the KICS wi...
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December 17, 2023
Samsung chief returns from Netherlands, satisfied with ASML deal
Samsung Electronics Chairman Lee Jae-yong hinted at his satisfaction over his trip to the Netherlands with President Yoon Suk Yeol on Friday, saying that most of the achievements made there were focu...cured six of them. The Dutch firm said it aims to increase annual production of the new...
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December 14, 2023
[KH explains] Will ‘chip alliance’ help Samsung, SK secure more ASML machines?
...y, South Korean President Yoon Suk Yeol and the chiefs of the country's top two conglomerates -- Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won -- met with Dutch King Wil...d six of them. The Dutch firm said it aims to increase the annual production of the ...
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November 30, 2023
Corporate Korea explores new opportunities in Expo bid
...s linked with the BIE, the World Expo's organizing body, SK Group said. From January this year, Samsung Electronics Chairman Lee Jae-yong traveled to many countries as part of the presidential delega...he end of the voting, solely for the World Expo vote, in Paris with key executives. ...
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November 23, 2023
[KH Explains] Why Apple's iPhone15 is selling better in Korea than China, Japan
... the iPhone 15 with 30.7 percent. The upbeat iPhone sales on the home turf of Apple’s archrival Samsung Electronics come in stark contrast to China and Japan, the key markets for Apple’s iPhones. Ch...e the purchase of a new smartphone by granting hefty cash incentives worth up to 4...