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February 15, 2024
SK chief headed to Germany, Spain to bolster ties
...orts. Chey is also expected to travel to Barcelona, Spain, to attend a global IT show, the MWC Barcelona, from Feb. 26 to Feb 29. Among the chiefs of the country's top four conglomerate groups -- Samsung, SK, Hyundai and LG -- Chey is reportedly the only one joining the economic delega...
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February 15, 2024
Apple’s market share exceeds 25% for first time in Korea
...hare exceed 25 percent for the first time in 2023, slightly narrowing the gap with its archrival Samsung Electronics, despite the global economic downturn and decreased demand, a report showed Tuesday...h firm Counterpoint Research, while maintaining the No. 2 spot in the Korean smartph...
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February 15, 2024
Mobile payment surges by W17tr in 2023
...tal amount of mobile payments made through four major companies providing the service locally -- Samsung Pay, Naver Pay, Kakao Pay and NHN Payco -- tallied 147.79 trillion won last year, according to ...ket share there, according to industry sources. Other providers are strategically a...
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February 15, 2024
Race heats up for multifoldable phones
...first triple-foldable smartphone within the second quarter, aiming to challenge the dominance of Samsung Electronics in the global foldable phone market. Huawei has reportedly begun the development o...Samsung will also likely launch a triple-folding device this year. "Rumor...
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February 15, 2024
Samsung, Princeton University team up for 6G network tech
Samsung Electronics said Tuesday its California-based research and development unit has partnered with Princeton University to lead innovation in the sixth-generation telecommunications networking system. Samsung Research America has become a founding member of the corporate af...
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February 13, 2024
Samsung chief inspects battery plant in Malaysia during holidays
Samsung Electronics Chairman Lee Jae-yong last week renewed his will to continue bold investments despite business uncertainties upon his visit to the construction site of a new 1.7 trillion won ($1.... of Samsung Electronics, Samsung C&T and Samsung Engineer...
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February 13, 2024
Anticipation grows over Samsung chief's next move
As the legal charges have been cleared for Samsung Electronics Chairman Lee Jae-yong in a recent ruling, anticipation is growing that the tech giant will now go in search for mega mergers and acquisi...e top executives of Samsung affiliates including Samsung Electronic...
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February 13, 2024
Foreign investors rush to ‘undervalued’ stocks
...y foreign investors in the period were Hyundai Motor (1.23 trillion won), Kia (539 billion won), Samsung C&T (307 billion won) and KB Financial Group (278 billion won). Net buying for Hyundai Motor wa...low stock prices compared to their worth. Hyundai Motor’s PBR stood at 0.51 as of e...
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February 08, 2024
Samsung Biologics, LegoChem team up to develop new targeted cancer drugs
Samsung Biologics, South Korea's largest contract development and manufacturing organization, said Wednesday that it has signed a contract with LegoChem Biosciences to develop antibody-drug conjugate...ic supply chain with Samsung Biologics." Therapeutics companies with ADC tec...
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February 08, 2024
GM chair meets battery partners in 1st Seoul visit
...sited South Korea to meet the automaker’s Korean battery manufacturers -- LG Energy Solution and Samsung SDI -- to strengthen their partnerships further and discuss the global electric vehicle transit...to begin operations in 2026. According to reports, Barra also met with high-level ...
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February 08, 2024
Stage X defies skepticism, vows to launch service in H1 next year
... network quality management to customer service. Stage X targets achieving 1 trillion won in sales with a net profit within the next three years. Seo also said the consortium will cooperate with Samsung Electronics and Apple to introduce the two tech giant's smartphone models that sup...
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February 08, 2024
Samsung chief heads to Middle East after cleared of merger case charges
Samsung Electronics Chairman Lee Jae-yong took off on a business trip to the Middle East and Southeast Asia shortly following Monday’s court ruling that cleared him of stock manipulation charges in a...cluding stock manipulation and accounting fraud, related to the controversial merger b...
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February 07, 2024
Samsung Heavy Industries bags W4.6tr LNG carrier order
Samsung Heavy Industries scored a 4.57 trillion won ($3.43 billion) order with a Middle Eastern shipowner -- the single largest contract in its history -- to build 15 liquefied natural gas carriers, ...6 methanol-powered container ships in July last year. With the latest record-breaking ...
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February 06, 2024
Court clears Samsung chief of all charges
A Seoul court acquitted Samsung Electronics Chairman Lee Jae-yong of all charges related to a 2015 merger fraud case on Monday, clearing the path for the country's biggest tech giant to push forward ...Samsung executives rigged the company valuation and cooked accounting books i...
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February 06, 2024
[Gadget Review] Real-time call translation: SKT A. vs. Galaxy S24 Ultra
...as “Korea won so nicely.” A. translated it as “Korea won so dramatically, it was a great game.” Samsung's on-device translator had trouble recognizing intonation and pauses, and understood the senten...It is a pity that you are getting better now." Galaxy for Android, A. for iPhon...
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February 05, 2024
Court to rule on Samsung chief's alleged 2015 merger fraud
A Seoul district court is set to deliver a decisive ruling on Monday for Samsung Electronics Chairman Lee Jae-yong over the 2015 merger fraud case, under which he could face a prison term. The Seoul...igging company valuations and accounting fraud connected to the controversial 2015 merg...
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February 05, 2024
[KH Explains] US Election: calm before the storm for Korean auto, battery makers
...certain battery parts and materials secured from US soil or via international partners. Taking the US-first legislation in stride, Korean companies, namely Hyundai Motor Group, LG Energy Solution, Samsung SDI and SK On, have committed billions of dollars to build manufacturing plants on...
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February 04, 2024
Merck to expand investment in AI chip leading Korean market
...y it will continue to invest in Korea, the home of the world's two largest memory chip producers Samsung Electronics and SK hynix, in line with the expansion of investment by its Korean clients due to...e next five years with the emergence of various AI applications. The CCO said its ke...
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February 02, 2024
Will cheaper foldable phones become a reality?
Despite Samsung’s repeated denials, speculation grows on more affordable foldable phones to take on Chinese rivals But he agreed it would be a tricky decision for Samsung to launch a cheaper foldabl...ng a surge in panel orders. In the fourth quarter of last year, China’s BO...
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February 01, 2024
Samsung reduces chip deficit in Q4 on DRAM recovery
Top memory chipmaker to stick to production cuts, hopes for turnaround in H1 Samsung Electronics said on Wednesday it narrowed the size of the semiconductor deficit in the October-December period, a...he first half of the year and will expand to 90 percent in the second half. In April l...
December 23, 2024
