November 25, 2024

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• August 16, 2023

  Lotte chairman highest-paid chaebol leader in H1

  ... his son Kim Dong-kwan, Hanwha Solutions president, received 4.6 billion won. Hyundai Motor Group Executive Chair Chung Euisun took 3.25 billion won in wages, matching the same period last year. Samsung Electronics Chairman Lee Jae-yong did not receive any wages. He has not ...

• August 13, 2023

  Samsung officially launches Galaxy Z Flip5, Fold5 phones in 50 countries

  Samsung Electronics on Friday announced the official launch of its latest foldable smartphones -- the Galaxy Z Flip5 and Fold5 -- in some 50 countries, after record preorders for the foldables at home. Starting sales in major countries, which include Korea, the US, Britain, Fra...

• August 10, 2023

  Hyundai Motor outpaces Samsung in economic impact for 1st time: data

  Hyundai Motor Group’s economic impact on South Korea's economy outpaced that of Samsung Electronics for the first time last year, data showed Wednesday. The combined economic contribution of Hyundai and its smaller affiliate Kia came to 164.6 trillion won ($124.7 billion), goi...

• August 09, 2023

  Samsung’s latest foldable phones set preorders record at home

  Samsung Electronics’ new foldable smartphones -- the Galaxy Z Flip 5 and Fold 5 -- have yet to be launched, but preorder figures suggest that they are likely to be a super hit. The South Korean tech giant said Tuesday that preorders for the two models amounted to 1.02 million ...

• August 08, 2023

  Samsung-backed Rainbow Robotics to co-develop firefighting robots

  ...robotics technology into other public safety areas in the future,” a Rainbow Robotics official said. Rainbow Robotics was founded by a research team at the Korea Advanced Institute of Science and Technology Humanoid Robot Research Center in 2011. Samsung Electronics is the s...

• August 07, 2023

  [KH Explains] Competition heats up in foldable phones

  Competition over the growing foldable smartphone market is growing fiercer, as Samsung seeks to maintain the market dominance it has enjoyed since the launch of its first foldable phone in 2019, whil...3, respectively, within this month, according to industry sources on Sunday. Chinese c...

• August 04, 2023

  Hyundai Motor invests $50m in Canadian AI chip startup Tenstorrent

  ...ogy for future mobility. Tenstorrent recently closed a $100 million strategic funding round, for which Hyundai and its smaller affiliate Kia shelled out $30 million and $20 million, respectively. Samsung Catalyst Fund, Samsung Electronics’ evergreen multi-stage ven...

• August 02, 2023

  [KH explains] Japan’s reviving chip industry unlikely to pose direct threat to Korea – for now

  ... chip industry and attract global chip giants such as Taiwan Semiconductor Manufacturing Co. and Samsung to its soil. In June 2021, soon after it succeeded in attracting TSMC to build its first semic...kaging. The country also has Kioxia, which is the world's No. 3 memory chip maker, a...

• August 01, 2023

  [KH Explains] Users abandoning Meta's Threads after explosive start in South Korea

  ...e Group Vice Chairman Chung Yong-jin and Hyundai Card Vice Chairman and CEO Chung Tae-young, were some of the first Threads users, as well as governors and politicians. Major conglomerates such as Samsung Electronics, Hyundai Motor and Nongshim also opened accounts. X’s comp...

• July 28, 2023

  Samsung logs W4.3tr profit loss in chips, predicts recovery in H2

  Samsung Electronics, the world’s largest memory chip maker, said Thursday it will further slash memory chip production and gear up to respond to the rising demand for artificial intelligence-related chips, as its chip business reported a consecutive drop in operating profit for...

• July 26, 2023

  New AI alliance launched

  ...of Trade, Industry and Energy, public organizations and over 400 domestic firms, including 20 major companies. Some notable players among industry representatives include Hyundai Motor Group, LG Electronics, Hyundai Steel, LG Energy Solution, Samsung SDS and SK C&C. The minis...

• July 26, 2023

  [Exclusive] BTS’ Suga to appear at Samsung's Galaxy Unpacked event in Seoul

  Suga of K-pop phenomenon BTS is set to participate in Samsung Electronics' upcoming Galaxy Unpacked event, which will be the tech giant’s first unveiling of its flagship phones at home, according to ...oldable products. In July 2020, the company launched the Samsung G...

• July 24, 2023

  EcoPro highly likely to make MSCI index in August: analysts

  ... secondary tech-laden Kosdaq, is highly likely to be included in the MSCI Korea Index in August, Samsung Securities wrote in a recent report published Friday. EcoPro is a holdings firm with units Eco... Mobis (22.72 trillion won), Kakao (22.43 trillion won), Celltrion (22.28 trillion w...

• July 24, 2023

  Samsung likely to lose again to TSMC in chips revenue

  Samsung Electronics, the world's largest memory chip maker, appears to be lagging behind its rival Taiwan Semiconductor Manufacturing Corp. in terms of revenue from its global semiconductor business for four quarters in a row amid a protracted slump in the global economy. Accor...

• July 21, 2023

  Samsung Pay to stay commission-free to counter Apple Pay’s expansion

  Samsung Electronics announced Wednesday that it will not charge any fees to card issuers in Korea for its digital wallet service, Samsung Pay. "We have decided to keep Samsung Pay commission-free," a Samsung official said in a statement. “Sam...

• July 21, 2023

  [Herald Interview] Urbanbase seeks overseas expansion with AI-based home furnishing technology

  ...the company succeeded in securing Series B and C funding from a slew of backers, including Shinsegae Information & Communication, an information technology arm of retail giant Shinsegae Group, and Samsung Venture Investment, the venture capital arm of Samsung Electronics<...

• July 18, 2023

  Public affairs strategies reshaping at chaebol groups

  ...ing to OpenSecrets, a nonprofit that tracks corporate lobbying activities in the US. Last year, Samsung spent $5.79 million on lobbying funds, up 74 percent compared to 2020. SK also raised its spend... of Commerce. Here are the key members of the Big Four’s revamped global public af...

• July 12, 2023

  [Herald Interview] Why Korea is a crucial partner for Qualcomm

  ...tion in next-generation growth engine industries in South Korea, with big name companies such as Samsung, LG and Hyundai. It looks to continue the journey through closer partnerships with key industry...om the fifth-generation network and automobiles to the Internet of Things and extend...

• July 11, 2023

  LG, Hanwha chiefs to visit Poland with Yoon

  ...s industries. LG Group operates eight different corporations in Poland, including LG Chem, LG Electronics and LG Energy Solution. LG Group’s total Polish output amounted to $12.7 billion last year, w...p Chairman Koo Ja-eun and Daewoo Engineering & Construction Chairman Jung Won-ju. T...

• July 10, 2023

  Samsung Electronics to rebound in Q3: analysts

  Samsung Electronics, which was predicted to post its worst quarterly earnings in 14 years in the second quarter, will likely hasten its earnings recovery from the third quarter, led by chip production cuts and the early launch of its new foldable smartphone series, analysts said...

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