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May 12, 2023
Speculation over Samsung Pay turning to paid service intensifies
Samsung Electronics' recent decision not to renew its existing contract with local card companies for its mobile payment service Samsung Pay has sparked speculations that the company might start char...launch, with a total of 355,000 new cards issued. Among new cardholders, 51 ...
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May 02, 2023
Samsung eyeing 25% cut in chip production: analysts
Samsung Electronics is expected to cut its memory chip production by up to 25 percent in an effort to ease inventory woes, according to analysts on Sunday. The projection comes after the world’s lar...ercent. Daishin Securities analyst Wi Min‑bok predicted that the reduction level cou...
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April 28, 2023
LG beats Q1 earnings estimates, outpaces Samsung for 1st time
...ctronics announced surprise earnings for the January-March period, outpacing its crosstown rival Samsung Electronics' financial result for the first time in more than a decade. In a regulatory filing...e company’s second-highest profit for the January-March period. Sales fell 2.6 per...
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April 26, 2023
Samsung, Posco join forces to tackle business uncertainties
...outh Korean steel giant Posco said Tuesday it had signed its first ever long-term agreement with Samsung Electronics in a bid to expand technical cooperation between the two industrial giants and to j...on developing a new high-strength stainless steel material used in refrigerator door...
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April 20, 2023
EU Chips Act potential boon for Korean parts makers: ministry
... Chips Act aimed at doubling the bloc's share of global chip output, from the current 9 percent to 20 percent by 2030. Countries around the world, such as the United States, China, Taiwan and South K...ication to specialized foundries, such as Taiwan Semiconductor Manufacturing Corp. i...
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April 17, 2023
Samsung’s Neo QLED TVs receive carbon footprint certification
Samsung Electronics, the world's largest TV maker by shipments, said Sunday that six of its Neo quantum-dot light-emitting diode TVs have been globally certified for carbon footprint by Carbon Trust,...atest screen lineup this year. It aims to achieve the carbon footprint certification fo...
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April 12, 2023
Google fined W42b for abusing market dominance
...percent in 2016. On the other hand, One Store’s market share dropped to 5 to 10 percent from 15 to 20 percent over the cited period, the FTC said. "By blocking the release of games on One Store, Goog...e operating system to limit competition. Google prohibited smartphone manufacturer...
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April 11, 2023
Falling revenue threatens tax cuts
...y likely to fall below the original estimate," Finance Minister Choo Kyung-ho said when visiting Samsung Electronics’ Pyeongtaek Campus on Friday. “While the overall economy flow and capital market r... current 37 percent cut for diesel down to 25 percent or making cuts for all fuel ...
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April 11, 2023
[KH Explains] Apple ups ante in Samsung's home ground
... tech behemoth Apple has long maintained a low profile in South Korea, the home of its archrival Samsung Electronics, where the iPhone maker takes up a “modest” share of the market at about 20 percent...home ground, Samsung recently rebranded its retail store, call...
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April 09, 2023
LG Electronics estimates to log second-highest Q1 profit of W1.5tr
...which will likely be the company’s second-highest profit for the January-March period, outpacing Samsung Electronics' financial result for the first time in more than a decade. In its earnings guidan...ided to market intelligence FnGuide. Sales were expected to have decreased 2.6 per...
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April 09, 2023
Samsung Electronics cuts chip production as Q1 profit likely to hit 14-year low
Samsung Electronics said Friday it was cutting its chip production to a “meaningful level” after reporting a worse-than-expected 96 percent plunge in its quarterly operating profit estimate amid the ...lf of this year. According to Taiwan-based market analyst firm TrendForce, DRAM price...
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March 31, 2023
Korean chips act aims to extend tax cuts for local chipmakers
...in the semiconductor and other strategic industries to 15 percent for large corporations such as Samsung Electronics and SK hynix, from the previous 8 percent. The tax deduction rate for small- and m...n December came short of industry expectations. While the industry anticipated a ded...
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March 30, 2023
[History through The Korea Herald] From $10b to $680b: S. Korea’s glory road to export-driven prosperity
...on as of the end of last year, inching up 1 percent on-year, amid a recovery in the global chips industry, according to the Ministry of Trade, Industry and Energy. Semiconductors accounted for about 20 percent of total exports by South Korea last year. The industry is spearheaded by chi...
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March 23, 2023
Samsung Group celebrates low-key 85th anniversary
South Korea's largest conglomerate, Samsung Group, on Wednesday marked the 85th anniversary of its founding in a low-key manner. It is the first year that the big day has been celebrated following de...cording to a report from market tracker Korea CXO Institute on Wednesday. Of the 60 su...
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March 22, 2023
Apple Pay makes Korean debut after 10-year wait
..., the sources said. What's more, at present, almost 80 percent of smartphone users in Korea use Samsung or Android phones and iPhone users make up less than 20 percent. Apple Pay made its debut in 2...has long been delayed. Over the years, its archrival Samsung Ele...
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March 20, 2023
Samsung, SK hynix likely to suffer deficit in Q1 chip business
South Korea's leading semiconductor makers, Samsung Electronics and SK hynix, are likely to post deficits of billions of won in the first quarter of this year amid weakening memory chip prices and hi...ess conditions. US memory maker Micron has reduced DRAM and NAND wafer production by ap...
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March 10, 2023
OLED TV war looms as Samsung returns after 10-year hiatus
Samsung Electronics on Thursday debuted its first organic light-emitting diode TVs in a decade at home, making official its comeback to the fast-growing premium TV segment, which is currently dominat...odels exceeded a combined 1,200 units, adding that Neo QLED and OLED models made up 80 ...
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March 05, 2023
Competition heats up for first Hyundai factory job openings in decade
...using a server slowdown throughout the day, according to the company. On Friday, it took more than 20 minutes to load the webpage when The Korea Herald tried to access it around 10 a.m. Hyundai plans... consider applying. One post showed a person who claimed to be working at a product...
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February 21, 2023
[KH Explains] Samsung returns to OLED TV market after 10 years, renews competition with LG
Almost a decade after Samsung Electronics ditched the organic light-emitting diode TV business, the tech giant has returned to the market where crosstown rival LG Electronics dominates almost 60 perc...10 million unit sales by 2025, respectively, the researcher said. “In order to achiev...
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February 17, 2023
Samsung introduces reusable photocatalytic air filter
Samsung Electronics said Thursday it has developed a new technology for a single air purification filter that simultaneously removes fine dust and harmful gases, and can be used for up to 20 years through simple water washing. Researchers at the Samsung Advanced Insti...