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March 29, 2024
Samsung opens AI TV experience zone in Singapore Changi Airport
Starting with Singapore, Samsung plans to make a sales push on AI TVs in the Southeast Asia and Oceania markets, the company said. “Based on our technologies that have led the global TV market for 1...connection experience to more consumers in those regions,” said Jo Sang-ho, president...
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March 28, 2024
Korea’s CMO ramp-up lures biotech investors
...al said. Songdo has successfully created an ecosystem for the bio-industry over the past few years, and it is now home to numerous international bio companies, with Korean biopharmaceutical giant Samsung Biologics being the key driving factor. Samsung Biologics, one of the b...
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March 28, 2024
Trade ministry, US bio firm Thermo Fisher discuss investment
... manufacturing hub of bio and pharmaceutical goods," Cheong said. "South Korean firms, including Samsung, Lotte and Celltrion, are rolling out aggressive investment to bolster their production capacit...io sector but also in areas that include batteries and chips. Thermo Fisher supplie...
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March 27, 2024
SK hynix aims to boost profits with advanced HBM chips
... elections, so we will be watching closely for changes in the external environment." Kwak said. SK hynix is the current leader in the HBM market, securing about 53 percent of market volume, while Samsung takes about 38 percent, according to TrendForce, a market tracker. US-based Micron...
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March 25, 2024
How TV remote button shortcuts for streamers have led to major profit for Samsung, LG
... blue shortcut buttons with Netflix and Disney+ logos to fancier features and operating systems, Samsung Electronics and LG Electronics, the world’s top two TV makers, are pouring resources into conte...ng subscription fees have turned to avenues that offer TV content for the cost of w...
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March 25, 2024
L&F signs W13.19tr deal to supply cathodes to SK On
...company said in a regulatory filing. The 300,000 tons of cathode materials will be installed in 3 million electric vehicles, it said. The two companies plan to jointly develop next-generation battery products and strengthen partnership in diversifying SK On's product portfolios. SK On is one o...
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March 25, 2024
Competition heats up in HBM market as Nvidia endorses Samsung chip
In order to secure an edge, Samsung announced it has developed 12-stack HBM3E, with the industry’s largest capacity of 36 gigabytes, and said it plans to start volume production in the first half of ...e generative AI, DDR RAMs in all data centers will be replaced by HBMs, and the upgrad...
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March 25, 2024
Bithumb set to spin off non-exchange biz in IPO push
... been pushing to become the first cryptocurrency exchange operator to go public in Korea. Primarily considering a listing on Korea's secondary tech-laden bourse Kosdaq, it selected local brokerage Samsung Securities as its lead underwriter in November. The IPO plan is considered to be ...
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March 25, 2024
Executives get paid 11 times more than average employees: report
...ves compared to the average 54.4 million-won salary for other employees. Executives working for Samsung Group, South Korea's biggest conglomerate, make 2.21 billion won in salary which is 18.9 times ...oyees were working at ship-manufacturer HMM at 123.3 million won, SK Group at 117.5 ...
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March 22, 2024
US official notes Korean firms' move not to sell used chip equipment to China as 'encouraging'
...e PRC. Also, the governments of the Netherlands and Japan have announced and implemented controls on semiconductor manufacturing equipment," he noted. Last week, the Financial Times reported that Samsung Electronics and SK hynix stopped selling their old chip producing equipment as Was...
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March 21, 2024
US unveils some $20 bln in grants, loans to Intel
...he Department of Commerce has reached a preliminary agreement with Intel to provide up to $8.5 billion in grants and $11 billion in loans under the CHIPS and Science Act, it said, as South Korea's Samsung Electronics and Taiwan Semiconductor Manufacturing are also expected to win grants...
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March 20, 2024
Japan's historic rate pivot won't roil Korea: experts
...n minimal changes following Tuesday's announcement. The Japanese yen depreciated to over 150 per US dollar on Tuesday, marking its weakest value this year. This trend will continue, according to Samsung Securities economist Chung Sung-tai, particularly as the BOJ is expected to adopt ...
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March 20, 2024
Samsung vows to seize opportunity of AI
...'s annual meeting. "Although I am a minority shareholder, the shareholder open talk session made me feel Samsung was more lovely." Another anonymous shareholder who looked around the venue after the meeting also said, "This year, I was able to get a better glimpse of Samsung'...
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March 20, 2024
Samsung Electronics sees high economic uncertainty, new opportunity in AI
Samsung Electronics, the world's largest maker of memory chips, said Wednesday that macroeconomic uncertainties are expected to be high this year but vowed to embrace a new opportunity in the rise of... be increased through next-generation technological innovations, such as the full-scale...
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March 19, 2024
Samsung-LG rivalry renewed in all-in-one washer
Samsung Electronics and LG Electronics are seen to be renewing their decadeslong competition in the home appliance market with their first all-in-one washer-dryer machines, which combined the two ful...d efficiently, according to Samsung. LG's Tromm model weighs 95 kilograms, s...
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March 19, 2024
[KH Explains] Will Kakao Bank secure footing in untapped Thai market?
...atforms,” the official said. If all goes as planned, Kakao Bank will also become the first Korean lender to launch a business in Thailand in nearly two decades. Though local finance firms such as Samsung Life Insurance, KB Kookmin Card and Daol Securities have expanded their businesse...
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March 19, 2024
Samsung Electro-Mechanics to release high-voltage MLCCs for EVs
Samsung Electro-Mechanics announced on Tuesday the launch of its latest high-voltage MLCCs tailored for electric vehicles, in response to surging demand from global automotive component manufacturers... or 1.6 millimeters in width, ensure a stable power supply even in high-frequency envir...
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March 19, 2024
SK hynix becomes first to mass produce HBM3E chips
...Core graphics processing units. But industry sources say that SK hynix was the first to mass-produce the new chips considering the Korean firm's advancement in preliminary production. Last month, Samsung, the world's No. 1 memory chip maker, also announced that it developed HBM3E 12H, ...
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March 18, 2024
Samsung C&T shareholders vote down activists' dividend hike proposal
...fails" to reflect the company's increasing profit. “Dividends are paid out of affiliate income. Samsung C&T pays dividends out of the dividends it gains from the affiliates. But normally, companies p...st year. Shareholder return also remained stagnant in the past decade, even as list...
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March 18, 2024
[Herald Interview] Lithium-rich Chile seeks to lure more Korean investment
...ed with the Korea International Trade Association on Thursday, where major Korean conglomerates and state-owned companies were in presence," Sanchez said. "Companies including Posco International, Samsung C&T, LG Energy Solution, and Korea Airports Corporation have shown great interest ...
December 22, 2024
