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February 16, 2023
Samsung secures cash from display unit to boost lagging chip business
Samsung Electronics plans to borrow 20 trillion won ($15.78 billion) from its display unit to secure working capital as the tech giant seeks to maintain a similar level of investment as last year, de... into the year. In a regulatory filing on Tuesday, Samsung said it...
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February 14, 2023
Samsung vows to replace all plastics in Galaxy phones with recycled materials by 2050
Samsung Electronics, the largest smartphone maker in the world by shipment, vowed Monday to replace all plastics used in its Galaxy smartphones to recycled materials by 2050, highlighting its latest ...k said. The new model’s S-pen cover and speaker module in the lower part of the devic...
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February 14, 2023
[NPS in Action] ‘Paper tiger’ NPS rebrands self as vocal shareholder, but motives murky
...pressure NPS committee members to make a decision to vote for the merger of Cheil Industries and Samsung C&T -- two key affiliates of South Korea's top conglomerate, Samsung Group in 2015. “Under the...hat it would restart the CEO appointment process from scratch, accepting ...
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February 01, 2023
Samsung defies chip price slump, vows to continue investment
Despite witnessing a sharp drop in chip profits, Samsung Electronics said it will not scale back its output and spending in 2023, bucking the trend of cost-cutting among its global rivals. "The dete...ompany's total operating profit, saw a shocking decrease in the fourth quarter. Its sal...
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January 31, 2023
Samsung SDI hits W20tr in sales for first time
Samsung SDI said Monday it posted record-high earnings in both sales revenue and operating profit last year, largely driven by the surge in sales of value-added battery products. Revenue skyrocketed 48.5 percent to 20.1 trillion won ($16 billion) last year, while its operating ...
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January 31, 2023
[NPS in Action] Korea's pension fund, under pressure, hunts for gains in foreign stocks
...sted disappointing results afterward. The fund owns 7.68 percent of shares in Korean tech giant Samsung Electronics and 8.17 percent of shares in memory chip manufacturer SK hynix, according to the l... loss of 51 trillion won. Local stock investments were the worst performers with re...
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January 25, 2023
Will Samsung, Hyundai clash over robots?
South Korea’s two major conglomerates, Samsung and Hyundai, have long been keeping their distance as they avoid competing head-on in their core businesses. But the decades-old unspoken rule may be en...isun also shelled out 240 billion won ($194 million) out of his own pocket to secure a...
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January 15, 2023
Global chipmakers to invest over $300m in AI-designed chips this year
... design semiconductors faster this year as a global chip shortage continues to put a strain on demand, Deloitte Korea said Friday in its report. According to the report, global chipmakers such as Samsung Electronics, Intel and Qualcomm are expected to invest this amount in AI design to...
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January 13, 2023
[KH explains] Apple’s move to ditch Korean displays met with skepticism
...w reportedly seeking to use its own displays whose supplies are heavily reliant on South Korea’s Samsung and LG. Bloomberg reported Wednesday that Apple is planning to start using its own micro light...sung and LG, whose key clients include the iPhone maker. When it comes to the late...
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January 10, 2023
[Herald Interview] ‘There will be always more demand for chips, displays’
...rim outlook for semiconductor and display industries, even for top players such as South Korea’s Samsung and LG. But Merck Electronics CEO Kai Beckmann says that companies will persist, as demand for... billion euro ($3.1 billion) “Level Up” growth program, Korea has earmarked 6 mil...
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January 10, 2023
Broadcom pledges W20b corrective measures for abusing market power
US chipmaker Broadcom has voluntarily come up with corrective measures, including a fund of 20 billion won ($16.1 million), to support the local chip industry amid an ongoing antitrust probe into the company's alleged abuse of power against Korean clients, including Samsung Elec...
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January 05, 2023
[KH explains] Will hefty tax incentives be Korean chipmakers' savior?
...dustries following the passage of the amendment bill that fell short of industry expectations of a 20 percent tax reduction. The government plans to provide a bigger tax deduction rate of 15 percent ...ng facility in the US, we have to walk on eggshells,” the official added. Rep. Yan...
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January 04, 2023
Ministry plans to boost tax breaks for chip, battery, vaccine makers
...dustries following the passage of the amendment bill that fell short of industry expectations of a 20 percent reduction. “As I have emphasized several times, we must break through this complex crisis...t to the National Assembly for approval. The country is one of the chip powerhouse...
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January 01, 2023
Samsung to offer hefty bonuses to workers at chip business division
Samsung Electronics will provide a maximum of 50 percent of their annual salaries as bonuses to the employees of its chip business unit at the end of January, industry sources said Thursday. The wor...executives and employees every January with up to 50 percent of their salaries within t...
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December 29, 2022
Genshin Impact-themed Samsung foldable phones sell out in 14 minutes
...ction role-playing game, or RPG, has demonstrated its popularity once again as the game-inspired Samsung Electronics foldable smartphones and earbuds sold out shortly after they went on sale last week...obile games rankings, earning over $1.5 billion in revenue from the beginning of thi...
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December 26, 2022
'Half-baked' chips act falls short of drastic corporate tax cuts
...ised the corporate tax break for facility investment to 8 percent for large corporations such as Samsung Electronics and SK hynix, from the previous 6 percent. Tax breaks for medium-sized enterprises...eing offered in other countries. When President Yoon Suk-yeol came into office in M...
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December 19, 2022
Retail Investors' top 10 shares log negative return rates
Korea's top 10 most popular stocks among retail investors, including tech titan Samsung Electronics and internet giants Naver and Kakao recorded negative return rates this year, as shares end lower o... 4.6 percent return rate, Celltrion at 2.6 percent, Hanwha Solution at 13.3 percent and...
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December 07, 2022
Samsung chief inspects Barakah nuclear plant site in UAE
Samsung Electronics said Tuesday Chairman Lee Jae-yong visited a Samsung C&T construction site of a new nuclear power plant in the United Arab Emirates and encouraged workers there. The construction...lear power plant. During his visit, Lee held a meeting with local employees, ...
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December 04, 2022
Samsung chief's public image improves: poll
One month after Lee Jae-yong was promoted to the top post at Samsung Electronics, South Koreans are found to have a more favorable view of him than before, data showed Thursday. According to researc... 44.74 percent a month ago. In the meantime, a negative view of him declined from 26.57...
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November 02, 2022
Samsung Electronics marks 53rd anniversary in low-key
Samsung Electronics on Tuesday marked the 53rd anniversary of its foundation in a toned-down event, out of respect for the victims of the recent deadly Itaewon crowd crush. The annual event, held at... music concert, were canceled as well. Saturday’s deadly tragedy left 156 people, mos...