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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...
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November 16, 2023
Samsung, SK chiefs may accompany president during visit to Netherlands
The heads of South Korea’s top two conglomerates Samsung Group and SK Group are expected to travel to the Netherlands, a semiconductor powerhouse, next month to accompany President Yoon Suk Yeol on h...hip production lines in South Korea, as it has announced it will invest $230 billion o...
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November 10, 2023
Global minimum corporate tax to take effect in Korea next year
Starting from 2024, multinational companies such as Samsung Electronics and SK hynix, which have overseas factories or subsidiaries, are expected to face increased tax obligations. The Ministry of E...a system agreed upon by the Organization for Economic Cooperation and Development and t...
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November 07, 2023
Samsung family to sell stakes worth W2.6tr to pay tax
Family members of Samsung Group, South Korea’s biggest conglomerate, are selling stakes worth some 2.57 trillion won ($1.97 billion) to pay their inheritance tax bill, according to a regulatory filin... of assets worth 30 billion won or more, up to a 50 percent tax rate is applied to tho...
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October 25, 2023
[KH Explains] Samsung-SK rivalry heats up for future chips
Competition is heating up between South Korean chip rivals Samsung Electronics and SK hynix to take the lead in the Compute Express Link, or CXL, technology amid its ongoing High Bandwidth Memory chi...ecast by French market research firm Yole Intelligence, the CXL memory will account for...
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October 20, 2023
Samsung unveils foundry road map to lead automotive chip sector
Samsung Electronics, the world’s largest memory chipmaker, unveiled on Thursday its new global foundry business road map, with a particular focus on automotive chips. The plans were announced at Sam...hed the Multi-Die Integration Alliance to create new, customized packaging technologie...
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September 22, 2023
Broadcom slapped with W1.91b fine for abusing market power in Korea
...US chipmaker Broadcom, along with a corrective order, for its unfair business activities against Samsung Electronics. The move came as the US chipmaker forced Samsung to sign a long-term contract to ...teral requests to prevent production disruptions for its smartphone device...
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September 11, 2023
Tax revenue falls on sluggish corporate earnings
...age of 22 percent of the total national tax income since 2020. For instance, Korea’s tech giant Samsung Electronics paid 241.2 billion won in corporate taxes in the first half of 2023. This marks a 9...han the worsened projection of 340 trillion won. The government expects the figure...
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September 11, 2023
Samsung’s H2 open recruitment to start Monday
Samsung Group, South Korea’s top conglomerate, announced Sunday that its official recruitment in the latter half of this year will start Monday, with 20 affiliates joining the massive hiring drive. The key affiliates include Samsung Electronics, Samsung Dis...
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September 04, 2023
Samsung will cement premium market leadership: TV chief
BERLIN -- While the global TV market struggles to move beyond the COVID-19 pandemic, Samsung Electronic said it will strengthen its leadership in making larger and more higher-end TVs, as the market ...ing sales continue to grow for TVs with screens larger than 70 inches from 10.2 percent...
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September 02, 2023
Samsung, LG to boast enhanced connectivity at IFA
... this year’s IFA, Europe’s biggest home appliances trade show, two of South Korea’s tech giants, Samsung Electronics and LG Electronics, are set to showcase their latest premium products that maximize...said it expects to achieve 10 trillion won in revenue this year, and plans to dou...
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August 23, 2023
New FKI chief vows to ensure transparency to 'clean up dark past' as chaebol rejoin
... Geun-hye. At the time, key member companies, including the country's big four conglomerates -- Samsung, Hyundai Motor, SK and LG -- sought to keep a distance from the FKI by terminating membership. ...g for reentry, according to the new chairman. "I think they decided to come back wi...
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August 17, 2023
Samsung sells ASML stakes to secure W3tr
Samsung Electronics sold a portion of its stakes in Dutch chip equipment maker ASML and secured 3 trillion won ($2.24 billion) in cash, the company reported in its semi-annual report Monday. In the ... Engineering, a machinery company based in South Korea to secure 67.6 billion won. In ...