November 26, 2024

• 

SEARCH

NEWS

• July 09, 2023

  Samsung Electronics predicts Q2 profit to plunge 96%, hitting 14-year low

  Samsung Electronics has predicted an operating profit of 600 billion won ($458.5 million) for the April-June period, a 96 percent plunge to what would be the lowest quarterly earnings in 14 years, amid a severe global downturn in the chip industry. Releasing its earnings guidan...

• July 07, 2023

  Samsung’s new foldable phones to be unveiled on July 26 in Seoul

  Samsung Electronics on Thursday sent out invitations to the “Join the Flip Side” unpacking event for its new foldable smartphone series later this month in Seoul, marking the tech giant’s first Galaxy Unpacked on its home turf. Samsung will kick off the summer edit...

• July 07, 2023

  [Herald Interview] Kakao Pay-Siebert mashup picks up speed

  ...board of directors," Shin said in an email interview with The Korea Herald. Prior to joining Kakao as head of corporate strategy in 2020, Shin took on strategist roles at global companies such as Samsung Electronics and McKinsey. Currently, he leads both the payment and corpo...

• July 06, 2023

  [KH explains] More card issuers jump on Apple Pay bandwagon

  ...llion members. Shinhan Card remains the industry leader with 14.29 million members, followed by Samsung Card with 12.72 million. Also, according to Hyundai Card’s most recent data, over 25.8 million... prompted Samsung Pay to consider changes to its fee structure, according...

• July 06, 2023

  Samsung may face tighter scrutiny under new EU rules

  Samsung Electronics may be subject to the European Union’s new platform service regulations targeting big tech companies, as the Korean tech giant notified the European Commission it meets the EU’s criteria as a “gatekeeper.” On Tuesday, the EU revealed the names of seven c...

• July 05, 2023

  [Herald Interview] EU seeks cooperation with South Korea to de-risk from China amid supply chain woes

  ...t officials including trade and science ministers, and business leaders to discuss ways to deepen cooperation and explain the necessity of "de-risking" supply chains. Breton said he also met with Samsung Electronics Chairman Lee Jae-yong to discuss the world’s largest memory...

• July 04, 2023

  [Herald Interview] Chip wars: No end in sight

  ...s vast subsidy campaign to build up domestic competitors to foreign chipmakers. For example, generous subsidies have helped its chipmaker YMTC become a world-class NAND memory firm, competing with Samsung Electronics, SK hynix, Micron Technology and other firms. I think China ...

• July 04, 2023

  Hyundai, Kia to outpace chaebol rivals in Q2 profits

  ...otor’s quarterly revenue is forecast to hit 39.9 trillion won, up 10.9 percent on year. Such figures would be the largest quarterly numbers in the history of the automaker. Hyundai Motor outpaced Samsung Electronics to take the top spot as the highest earner in the first qua...

• June 29, 2023

  Hyundai invests W2b in auto chip startup

  ... an official from Hyundai Motor Group. “We could also prevent the chip shortage that had been prevalent during the COVID-19 pandemic.” Following the recent business tie-up with its chaebol rival Samsung Electronics, industry insiders say the world’s third-largest automake...

• June 29, 2023

  Samsung unveils foundry road map to take on TSMC

  Samsung Electronics, the world’s largest memory chipmaker, on Tuesday unveiled a new foundry business road map, saying it will expand the adoption of the 2-nanometer manufacturing technology in phase...ment under Samsung's foundry business. “We will continue to stri...

• June 29, 2023

  MWC Shanghai returns as in-person event after pandemic hiatus

  ...bitors during the MWC in Barcelona, however, had little presence at the Shanghai show this year. Samsung also did not participate in the event this year, while its global rivals such as Qualcomm, Eric... organizations and partners who are making the world a better place across the digit...

• June 27, 2023

  [Contribution] Strategies to secure Korea's chip supremacy

  ...d the “Electronic Industry Promotion Plan”, followed by the “Comprehensive Semiconductor Industry Promotion Plan” in 1985 through which it invested in the localization of semiconductor technology. Samsung, which acquired Hankook Semiconductor, developed 64K DRAM in 1983 and switched...

• June 27, 2023

  Korean firms fight talent exodus as chip tech war intensifies

  A former Samsung employee was banned from moving to US rival Micron Technology after the Korean tech giant took the issue to court amid growing concerns over illicit tech transfer. Seoul Central District Court on Sunday accepted Samsung Electronics’ petition for an i...

• June 26, 2023

  Samsung chief touts ‘meaningful trip’ to France, Vietnam

  Samsung Electronics Executive Chairman Lee Jae-yong returned home Saturday after a seven-day business trip to France and Vietnam. He accompanied President Yoon Suk Yeol on his latest state visits to ...amsung Electronics producing nearly half of its flagship Galaxy sma...

• June 23, 2023

  Chaebol chiefs meet with French president

  ...e country’s investment attractiveness, and investment plans in future strategic industries such as energy, future transportation, health care and biotechnology. Among the attendees from Korea are Samsung Electronics Chairman Lee Jae-yong; SK Group Chairman Chey Tae-won, who ...

• June 23, 2023

  Korea Inc. heads to Vietnam to strike deals

  ...iations and three public companies, encompassing diverse industries of semiconductors and defense to cosmetics and food. The delegation also includes South Korea's top four conglomerate chiefs -- Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyund...

• June 22, 2023

  Big 4 chaebol chiefs back Busan’s Expo bid in Paris

  ... Macron in Paris on Wednesday, as they are in Paris to promote Busan's bid to host the 2030 World Expo. According to industry sources on Wednesday, the four chiefs of Korea’s top conglomerates -- Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyun...

• June 22, 2023

  Elliott warns Korea to pursue no further legal action

  ...und about $108.5 million in losses caused by the government’s meddling in the 2015 merger of two Samsung units may affect other pending rulings on investor-state dispute cases involving the country. ...lting in financial damages on investors The Dayyani family -- which owns the Irani...

• June 20, 2023

  Samsung adopts AI in product design, opens design lab in US, France

  Samsung Electronics has adopted artificial intelligence into its design process, utilizing advanced technology to empower designers to "fully unleash" their creativity, according to the company's chief designer. "With the diffusion of new AI capabilities, new relationships need...

• June 19, 2023

  Pixar movies to run on Samsung’s Onyx Cinema LED screens

  Samsung Electronics has joined hands with Pixar Animation Studios to run animated movies on its Onyx Cinema LED screens, offering significantly enhanced picture quality, the company said Sunday. Und...early six times greater than what is possible with standard projector technol...

21222324252627282930