-
August 10, 2023
Hyundai Motor outpaces Samsung in economic impact for 1st time: data
Hyundai Motor Group’s economic impact on South Korea's economy outpaced that of Samsung Electronics for the first time last year, data showed Wednesday. The combined economic contribution of Hyundai... companies’ combined economic wealth returned to stakeholders as economic impact surg...
-
August 09, 2023
Samsung’s latest foldable phones set preorders record at home
Samsung Electronics’ new foldable smartphones -- the Galaxy Z Flip 5 and Fold 5 -- have yet to be launched, but preorder figures suggest that they are likely to be a super hit. The South Korean tech...t mobile carrier, 62 percent of its customers who made preorders via its online mall w...
-
August 04, 2023
Hyundai Motor invests $50m in Canadian AI chip startup Tenstorrent
...a move to secure key technology for future mobility. Tenstorrent recently closed a $100 million strategic funding round, for which Hyundai and its smaller affiliate Kia shelled out $30 million and $20 million, respectively. Samsung Catalyst Fund, Samsung Electronics...
-
July 26, 2023
New AI alliance launched
...Ministry of Trade, Industry and Energy said Tuesday. The Industry AI Alliance is comprised of the Ministry of Trade, Industry and Energy, public organizations and over 400 domestic firms, including 20 major companies. Some notable players among industry representatives include Hyundai ...
-
July 26, 2023
[Exclusive] BTS’ Suga to appear at Samsung's Galaxy Unpacked event in Seoul
Suga of K-pop phenomenon BTS is set to participate in Samsung Electronics' upcoming Galaxy Unpacked event, which will be the tech giant’s first unveiling of its flagship phones at home, according to ...they fit the Galaxy so well? … Samsung must be smiling now.” Since 2020, ...
-
July 24, 2023
EcoPro highly likely to make MSCI index in August: analysts
... secondary tech-laden Kosdaq, is highly likely to be included in the MSCI Korea Index in August, Samsung Securities wrote in a recent report published Friday. EcoPro is a holdings firm with units Eco...gust inclusion is likely to be made based on the stock price fluctuations observed b...
-
July 09, 2023
Samsung Electronics predicts Q2 profit to plunge 96%, hitting 14-year low
Samsung Electronics has predicted an operating profit of 600 billion won ($458.5 million) for the April-June period, a 96 percent plunge to what would be the lowest quarterly earnings in 14 years, am...is expected to log 300 billion won in operating profit. KB Securities analyst Kim Dong...
-
July 06, 2023
Samsung may face tighter scrutiny under new EU rules
Samsung Electronics may be subject to the European Union’s new platform service regulations targeting big tech companies, as the Korean tech giant notified the European Commission it meets the EU’s c...ned of up to 10 percent of their total worldwide annual turnover, and the percentage ...
-
July 05, 2023
[Herald Interview] EU seeks cooperation with South Korea to de-risk from China amid supply chain woes
...operation and explain the necessity of "de-risking" supply chains. Breton said he also met with Samsung Electronics Chairman Lee Jae-yong to discuss the world’s largest memory chipmaker’s further inv...ct, offering more than 43 billion euros of subsidies to double its global market s...
-
July 04, 2023
Hyundai, Kia to outpace chaebol rivals in Q2 profits
... would be the largest quarterly numbers in the history of the automaker. Hyundai Motor outpaced Samsung Electronics to take the top spot as the highest earner in the first quarter of this year for th...ing profit forecast to exceed 6.5 trillion won, the two auto giants’ annual earning...
-
June 27, 2023
[Contribution] Strategies to secure Korea's chip supremacy
.... Last year, the global semiconductor market size amounted to approximately $640 billion, of which 20 percent, or $130 billion, was occupied by the Korean semiconductor industry. The semiconductor ind...omotion Plan” in 1985 through which it invested in the localization of semiconducto...
-
June 05, 2023
Posco launches new low-emission steel product
...n manufacturing programs. According to Posco, the company will be able to annually produce around 20-30 metric tons of this new low-emission steel. The amount of carbon emissions that the company wil...LG Electronics and Volvo Construction Equipment for future supplies of Greenate stee...
-
June 01, 2023
Samsung employees donate W230m via May campaign
Samsung Electronics said Wednesday it has donated over 230 million won ($174,000) by launching a socially responsible campaign in May, driven by employee participation, to support 20 children from low-income households. Samsung’s chairman Lee Jae-yong, who has report...
-
May 31, 2023
Samsung self-repair service becomes available in Korea
Samsung Electronics said Monday it is offering a self-repair service program in South Korea for key products, including Galaxy smartphones, laptops and TVs, following the program's debut in the US la...g to visit a service center. The first products in the lineup for the service include ...
-
May 24, 2023
Posco sweeps medals at Stainless Steel Awards
... mobile devices; and a bronze medal for its low-cost brazing filler metal for stainless steel mainly used for air-conditioning refrigerant piping. The 430 DP steel is a material co-developed with Samsung Electronics that has enhanced strength by 50 percent despite a 20 percen...
-
May 23, 2023
Pressure mounts on Korean chipmakers as China restricts Micron chip sales
... public, the two countries account for similar portions of the the world's No. 1 DRAM chip maker Samsung Electronics' total chip sales. SK hynix also has the two countries as its top two clients, with...ket, also has its key manufacturing facilities in Wuxi. It produces 40 percent of it...
-
May 19, 2023
Samsung starts mass production of most advanced DRAM chips
Samsung Electronics, the world’s largest memory chip maker, said Thursday it kicked off the mass production of its 16-gigabit DDR5 DRAM, which utilizes the industry’s most advanced 12 nanometer-class...DR5 DRAM reduces power consumption by up to 23 percent while enhancing wafer producti...
-
May 17, 2023
Major firms’ profits nearly halved in chip downturn
...op in the combined operating income, the corporate tracker attributed to the poor performance of Samsung Electronics and SK hynix, the world’s No. 1 and No. 2 memory chip makers, respectively. As the...g an operating loss of 794.1 billion won in the first quarter this year. The indust...
-
May 16, 2023
Samsung eyes chip facility in Japan amid thaw in Seoul-Tokyo relations
Samsung Electronics, the world’s top chipmaker by revenue, is reportedly considering building an additional research and development facility in Japan amid a thaw in Seoul-Tokyo relations. Japanese ...D spending, which it sees as the way to break through the severe downturn in the chip ...
-
May 15, 2023
Samsung, Tesla chiefs meet in Silicon Valley
Samsung Electronics Chairman Lee Jae-yong met with Tesla CEO Elon Musk at the Korean tech giant’s chip complex in Silicon Valley on Wednesday to discuss ways to strengthen cooperation in future tech ... to the US last month. After the president’s state visit, Lee remained in the country...