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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...
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November 02, 2022
Samsung's W130tr market cap evaporates in 10 months
Sixteen affiliates of South Korea's No. 1 business conglomerate Samsung have seen a drop in stock market cap by 129.36 trillion won ($90.78 billion) combined during the period of January to October, data showed Tuesday. This means nearly 20 percent of the market cap of the affi...
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October 31, 2022
Korean electronic firms lag behind in renewable transition
...ental group Greenpeace and grassroots organization Stand.earth, Korean electronics goods sellers Samsung Electronics and LG Electronics were ranked "F" in terms of progress toward reducing greenhouse ...nt of renewable energy overall, compared with US tech giants like Alphabet, Apple an...
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October 27, 2022
Korean tech giants brace for geopolitical uncertainties amid bleak outlook
...nal risk factors are also dragging on other electronics firms in Asia's fourth-largest economy. Samsung Electro-Mechanics, a mobile-to-automotive component supplier, also hinted at a reduced annual c...oiling the business sentiment of Korean firms. Korea's business index has hit the l...
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October 05, 2022
Samsung aims to produce 1.4nm chips from 2027
Samsung Electronics unveiled a five-year road map for its contract chipmaking business Monday, saying it would start producing chips using the 2-nanometer technology in 2025 and the 1.4-nanometer tec... on TSMC. It is building a $17 billion foundry plant in Taylor and has potential plans ...
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September 29, 2022
Samsung’s SmartThings devices exceed 10 million units
Samsung Electronics’ smart home platform SmartThings has hit the 10 million mark in connecting devices and home appliances around the world as of Sept. 12, the South Korean tech giant said Wednesday....to bolster connectivity. The number of connected devices has doubled every year since...
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September 28, 2022
'Memory downcycle could last until 2025'
...e, affecting the industry largely dominated by a handful of players including South Korean firms Samsung Electronics and SK hynix. The increase in capacity with new fabs waiting to go operational, as...e to deflate until 2025. According to IDC, NAND flash products will see a drop in p...
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September 21, 2022
Portion of renewables in Korea's power generation tops 20% for 1st time
...rtion of power generation facilities for renewable energy of the total generation output exceeding 20 percent for the first time this year, state data showed Tuesday. According to the Korea Power Exc...er which they will use 100 percent renewable energy without resorting to fossil fuel...
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September 20, 2022
Memory chip downtrend haunts Samsung, SK hynix
... are treading on a bumpy road as slowing orders in the chip industry plaguing memory powerhouses Samsung Electronics and SK hynix have dampened prospects. Since January, Samsung Electronics' share pr... is considered the top chipmaker in terms of revenue, according to market ...
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September 15, 2022
Korean won sinks to worst level since 2008 financial crisis
...onal investors. Internet firms Naver and Kakao fell about 3 percent and 2 percent, respectively. Samsung Electronics, the world’s largest memory chipmaker, also dropped a little over 2 percent, while ...convinced that the US Federal Reserve will back a third giant hike of 75 basis poin...
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September 13, 2022
Memory down cycle to unseat Samsung
Samsung Electronics is projected to see a 19 percent drop in quarterly sales during the July-September period, which will drop the tech giant to the second place in the world's semiconductor market b...ce IC Insights. Instead, TSMC will take the top spot in terms of the third quarter rev...
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September 13, 2022
Foreigners sell W12tr worth of Korean stocks this year
... billion) Thursday, according to data from the Korea Exchange Monday. The data showed shares of Samsung Electronics accounted for a little over 9 trillion won, with Naver, LG Energy Solution and Kaka...me and a potential global slowdown loom large. The Kospi slipped to 2,384.28 Thursda...
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August 28, 2022
FSC deputy chairman is S. Korea‘s ‘richest’ civil servant
...e civil servant with the highest-value personal assets in the country, including shares worth some 20 billion won ($1.5 million) in a family business, a government ethics committee said Friday. Finan...ny. Other stock investments included shares worth 314 million won in local business...
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August 24, 2022
LG Display to release mid-sized OLED panels for gaming monitors
... release a new flat-panel display using OLED technology by the end of this year, at a size of over 20 inches and no larger than 30 inches,” an LG Display spokesperson told The Korea Herald, adding the...e with more vivid colors and smoother display than light-emitting diode panels. Cr...
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August 23, 2022
Samsung to expand Bespoke lineup in Europe
Samsung Electronics said Monday it is unveiling a wider lineup of its Bespoke home appliances at the upcoming IFA trade show in Germany in a renewed sales push in the European market. The Bespoke br... in the third quarter and a new premium Infinite Line in December. To enhance consumer...
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August 22, 2022
Korean chipmakers’ reliance on China jumps 13-fold over 20 years
...t economy’s total exports to China last year, a surge from 3.2 percent in 2000, said the Korea Chamber of Commerce and Industry, a major business lobby that represents some 300 companies including Samsung Electronics and SK hynix, the world’s top two memory chipmakers. “Korea’s val...
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August 22, 2022
Hyundai Steel bets big on waste recycling in ESG push
...ile helping to reduce reliance on imported raw materials. Hyundai Steel has also teamed up with Samsung Electronics on recycling wastewater sludge generated in the process of semiconductor manufactur... with the latest breakthrough, Hyundai Steel now secures 10,000 tons of fluorite, ou...
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August 22, 2022
Samsung Electronics Lee launches activities after pardon
Samsung Electronics vice chairman Lee Jae-yong revived his management activities by participating in the groundbreaking of a new semiconductor research and development complex in Yongin, Gyeonggi Pro...h and development investments in next-generation tech, Samsung semiconductors...
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August 18, 2022
Full-fledged succession looms after pardon for Samsung’s Lee Jae-yong
Samsung is envisioning a change in governance structure as a presidential pardon has virtually normalized de facto leader Lee Jae-yong’s control over the nation’s largest conglomerate. Lee Chan-hee,... in what is perceived as the company at the apex of the group’s corporate governance...
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August 18, 2022
[From the scene] Seoul’s first Formula E race leaves much to be desired
...gh the “Activation Zone.” The top five drivers, based on an online vote, were also offered another 20 kilowatts for five seconds during the race. On Saturday, a rain-soaked circuit caused eight cars ...rsche and Mercedes-Benz, set up promotional booths, as other global firms includin...