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August 11, 2022
Samsung suffers heavier taxes, hiring costs than TSMC: think tank
... burden of corporate taxes and cost per hire are weighing on South Korean chipmaking giants like Samsung Electronics, indicating the unfavorable conditions leave them behind competitors like Taiwan-ba... by 3 percentage points under the former Moon Jae-in administration, while that of T...
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August 10, 2022
Korea to draft frequency spectrum plan to support EV, UAM
...g technology until Jan. 2024. The company has set up 23 wireless chargers for electric vehicles in 20 different spots to test the new technology. According to the ministry, Hyundai Motor Group explai...stry leaders of information and communication technology at the end of July. Compani...
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August 08, 2022
SK hynix’s W122tr chip cluster project hits snag over water dispute
...lleries there, according to Lee. Moreover, SK‘s new liquefied natural gas power plant will require 20,000 tons of water for operation once construction is complete later this year. Commercial and ind... of water, electricity and land required to run a semiconductor factory. It took f...
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August 03, 2022
Lawmakers float bill to triple tax benefits for chipmakers
...or chipmakers, an apparent move to encourage more investment from semiconductor players. At least 20 percent of the invested amount that chipmakers spend on facilities will now be deductible. This is... the current Restriction of Special Taxation Act. This rule will apply to chipmaking...
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August 02, 2022
SK Geo Centric, Tokuyama to build wafer washing agent plant
...play panels. The joint venture, called Stac, looks to complete the construction of the plant on a 20,000-square-meter land in southern Ulsan by the second half of 2023. The two companies equally inje...high-purity wafer cleaning material has been supplied to the country’s chipmaking g...
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August 01, 2022
Foreign investors turn net buyers of S. Korean stocks in July
...up 5.1 percent from 2,332.64 on the last trading session in June. The jump was 12th-largest among 20 major economies, with Argentina topping the list at 38.52 percent, followed by Australia at 9.45 p... 9.11 percent, France at 8.87 percent and India at 8.54 percent in the same period. ...
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July 28, 2022
SK chief unveils $22b investment plan in meeting with Biden
...and today they are announcing another $22 billion. That will grow their US workforce from 4,000 to 20,000 workers by 2025,” Biden said. “By uniting our skills and innovation, we will be able to manuf... meetings with South Korean chaebol leaders. During his visit to Seoul in May, he...
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July 26, 2022
Samsung starts shipping world’s first 3nm chips
Samsung Electronics has started shipping chips produced using the world’s most advanced 3-nanometer manufacturing technology, which has drastically improved power consumption and performance. On Mon...ogy is Samsung’s secret weapon to outpacing its rival TSMC. Despite its pro...
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July 20, 2022
SK hynix delays decision on W4tr plant expansion
...ing the chip maker to limit expenditure. Last week, Bloomberg reported SK hynix was considering a 20 percent cut in spending next year to 16 trillion won due to weaker demand for chips. The company, ...unced more than 1,000 trillion won investment plans combined over the next five year...
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July 11, 2022
Only 6.3% of Korea’s board members are women: survey
... the latest survey, although the female proportion was on the rise for three consecutive years. Samsung Electronics, the nation’s largest company, may have the largest number of female executives, bu...ent of the board at Meta, the parent company of Facebook, while Apple and Intel had...
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July 08, 2022
Samsung’s upbeat earnings overshadowed by uncertainty
Samsung Electronics’ extraordinary winning streak over the past three quarters is likely to end in the second quarter this year amid growing uncertainties surrounding the war in Ukraine, rising costs...0.7 billion) for the April-June period, up 11.38 percent from a year ago. Its revenue...
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July 05, 2022
Korea, Japan business leaders echo urgent need for summit
...last two gatherings were postponed due to the protracted pandemic. Monday’s meeting saw more than 20 business leaders from the two countries coming together to discuss pending issues, including busin...ong-bin and Kim Yoon, chairman of Samyang Holdings. Executives from other major fir...
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July 03, 2022
‘Understanding human desire crucial to mass market appeal’
...under South Korea’s largest conglomerate told a conference Wednesday. Lee Don-tae, president of Samsung Art and Design Institute, speaking at The Korea Herald’s Global Business Forum in Seoul, said t...mmed from the company’s observations that a household on average leaves their TV ...
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June 27, 2022
Panel expert downbeat on Korean investments in premium TV displays
...ch firm UBI Research, cited a slow path to profitability in the cutting-edge panel businesses by Samsung Display and LG Display, despite growing market demand, in a seminar at Coex in Seoul on Thursda...rs, whereas LG advertised theirs as white-OLED. LG Display supplies its white-OLED ...
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June 20, 2022
Auto biz in focus as Samsung’s Lee returns from Europe
Samsung Electronics Vice Chairman Lee Jae-yong returned to South Korea Saturday, with a renewed focus on the auto parts business. As the de facto leader of Korea’s largest conglomerate arrived at Se...ge Friday, down 1.8 percent. The closing price was below the 60,000 won mark for the f...
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June 19, 2022
Samsung Electronics shares plummet to 52-week low
Samsung Electronics shares, which account for some 18 percent of South Korea’s benchmark Kospi’s market capitalization, closed at a 52-week low on Friday hit by the prolonged global memory chip suppl...r choice for retail investors so far this year. They purchased a combined net 14.03 t...
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June 19, 2022
Kospi slumps to sub-2,400 points in 19 months on US inflation woes
...hares,” he added. Most big cap shares traded lower in the early morning, with market bellwether Samsung Electronics breaching the 60,000-won threshold for the first time since Nov. 4, 2020 and tradin...p supply and demand.” The secondary, tech-heavy Kosdaq also fell below the 790-po...
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June 19, 2022
Korean retail investors’ fears grow on stock, crypto meltdown
... 26 percent compared from its all-time high of 3,305 points in July last year. Market bellwether Samsung Electronics traded around 61,000 won ($47.40) Wednesday morning, with its market value shedding..., a popular choice for crypto investors here, plunged as much as 10 percent to an in...
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June 16, 2022
Samsung chief visits ASML HQ as race for high-end chip intensifies
Samsung Electronics top executives on Tuesday held talks with representatives of chip photolithography equipment maker ASML, including its Chief Executive Officer Peter Wennink, the South Korean tech...ority shareholder of ASML, did not elaborate further on their discussions. Tuesday’s ...
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June 07, 2022
Investment banks cut Kospi targets amid high inflation
...g shares, as the market turned bearish. Retail investors’ deposits for stock investment shed some 20 trillion won ($15.9 billion) on-year to 57.5 trillion won as of last Tuesday, according to data fr... are now being observed,” he added. Hit by the waves of change, the market capita...