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June 16, 2023
Top chaebol groups search for breakthrough strategies
...ieved carbon neutrality, and stressed SK should reach its carbon neutrality goal faster. Amid the global economic downturn, other conglomerates are also set to hold management strategy meetings. Samsung Electronics, which recorded its worst earnings record in the first quart...
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June 16, 2023
Korea unfazed by new EU battery law
... in the EU,” the Ministry of Trade, Industry and Energy said in a statement. According to the Korea International Trade Association’s report, Korean companies led by LG Energy Solution, SK On and Samsung SDI had a 63.5 percent market share in the EU last year. The EU battery law aim...
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June 15, 2023
Samsung Electronics students' most favored employer for 1st time in decade
Samsung Electronics has been picked as the most desirable company to work for among college students here this year, occupying the top spot for the first time in a decade, a tally from a job portal showed Wednesday. Incruit surveyed 872 job-seeking university students nationwid...
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June 15, 2023
US likely to extend exemptions for Korean chip production in China
...n semiconductor chips made using US technology, to China. The rules had immediately prompted concerns for global chip suppliers operating in China, including the world's top two memory chipmakers Samsung Electronics and SK hynix, as it would prevent the firms from selling adv...
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June 14, 2023
Samsung, SolarEdge team up for net-zero homes
Samsung Electronics said Tuesday it was teaming up with Israeli firm SolarEdge Technologies, the world's leading solar smart inverter company, to promote carbon-neutral homes. Under the new partnership, Samsung has established a foothold for expanding its SmartThings ...
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June 14, 2023
More flexible workweeks at Samsung, large firms
Samsung Electronics said Tuesday it is introducing more flexible working hours by allowing employers to take one Friday off per month. Keen attention is being paid to the brand new working hour scheme launched by the nation’s largest company by sales, renewing discussions abou...
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June 13, 2023
Ex-Samsung exec arrested for leaking chip tech to China
A former executive of Samsung Electronics has been taken into custody for leaking the tech giant’s confidential business information to build a copycat semiconductor manufacturing plant in China, a local prosecutor’s office said Monday. In a press conference, the Suwon Distri...
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June 12, 2023
Samsung's chip division to introduce custom AI Services for employees
Samsung Electronics reportedly plans to launch an in-house artificial intelligence-based service for internal use this year amid security concerns raised over OpenAI’s highly-advanced chatbot ChatGPT, according to industry sources on Sunday. Sources on condition of anonymity s...
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June 12, 2023
[KH Explains] Mobility alliance win-win for Samsung, Hyundai
South Korea’s top makers of chips and cars, Samsung Electronics and Hyundai Motor Group, announced their first-ever partnership last week, fueling speculation that their rare tie-up could further extend in the field of future mobility. Under the deal, Samsung will sup...
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June 08, 2023
Samsung’s Exynos processor to power Hyundai’s in-car infotainment systems
Samsung Electronics said Wednesday that its latest automotive processor, the Exynos Auto V920, will be supplied to Hyundai Motor’s next-generation in-vehicle infotainment systems, a first chip collaboration between the nation’s top two companies. “We are thrilled to be colla...
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June 08, 2023
Samsung picks Seoul to unveil new foldable phones for 1st time
Samsung Electronics, the world’s No. 1 smartphone maker by shipment, said Wednesday it will unveil its new foldable smartphone series in Seoul for the first time, in the “beating heart” of the company’s dynamic growth worldwide. The upcoming Galaxy Unpacked event will be he...
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June 07, 2023
LG Electronics joins RE100 to go net zero by 2050
LG Electronics announced Monday it has joined RE100 initiative to go net zero by 2050. The RE100 initiative, introduced by The Climate Group in partnership with the Carbon Disclosure Project in 2014, sets a 2050 target for using 100 percent renewable electricity. Global tech giants such ...
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June 07, 2023
Samsung’s iconic Frankfurt declaration marks 30th anniversary
Lee Jae-yong’s ‘New Samsung’ taking shape According to company officials, Samsung Electronics and its affiliates have no plan to hold a commemorative event for the 30th anniversary of the declaration this year. In recent years, Samsung has celebrated key ...
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June 07, 2023
JPMorgan CEO meets financial leaders in Seoul
...met with staffers at JPMorgan Seoul. He was visiting Korea after a week-long business trip to Asian countries, including China, Taiwan and Japan. Speculation grew about his possible meet-up with Samsung Electronics Chairman Lee Jae-yong, considering they have maintained clos...
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June 05, 2023
Posco launches new low-emission steel product
...steelmaker’s ambitious goal to achieve carbon neutrality by 2050, the company said Sunday. LG Electronics has become the first client to purchase the newly-launched low-emission steel product for the...iances. In November last year, LG Electronics signed two memorandums of ...
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June 04, 2023
Samsung likely to hold Galaxy Unpacked event in Korea for first time
Samsung Electronics may hold its unpacking event for its new foldable phones in Seoul for the first time this summer, a Samsung president said on Thursday. “South Korea is an important market and Seoul is a meaningful place,” Lee Young-hee, president of the global m...
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June 04, 2023
Samsung, Naver Cloud team up to provide private 5G network at construction site
Samsung Electronics said Friday it is joining hands with Naver Cloud to launch a private 5G network for Hoban Construction, bringing the private 5G network in the construction sector for the first ti... safety on-site,” Chang Yong, vice president of global sales and marketing, ...
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June 04, 2023
Meta unveils Quest 3 VR headset before Apple
...s expected to release its VR headset next week at the company’s Worldwide Developer Conference. The headset is likely to be equipped with AR technologies and will reportedly cost at least $3,000. Samsung Electronics, Qualcomm and Google also announced a trilateral partnershi...
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June 04, 2023
Kakao Pay VP joins US brokerage board
...Shin serves as the head of Kakao Pay's payment business group and corporate development office. Before joining Kakao Pay, he held various positions in different companies -- including Kakao Corp, Samsung Electronics, McKinsey & Company and Intel Corporation -- accumulating ov...
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June 02, 2023
Intel to build research lab for chips in Seoul
...at the envisioned lab. The advanced memory products include the DDR5 and Compute Express Link. The US tech giant is also expected to ramp up cooperation with the world's leading memory chipmakers Samsung Electronics and SK hynix. Intel recently launched server CPU Sapphire R...
November 26, 2024
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