-
January 31, 2024
Samsung SDI logs record sales in 2023 on strong EV demand
Samsung SDI said Tuesday it posted an all-time high revenue last year with robust growth in sales of electric vehicle batteries. In its earnings report, the company said annual sales revenue soared ...of the premium prismatic battery product P5,” said Park Jong-sun, head of strategic ma...
-
January 31, 2024
Samsung Galaxy S24 hits shelves globally
Samsung Electronics said on Tuesday it is starting sales of its latest flagship smartphone the Galaxy S24 globally, largely buoyed by record preorders made at home over the past week. The new phone,...key markets, including the US, Britain, Singapore, France, and India, from Wednesday. U...
-
January 31, 2024
Samsung Biologics stocks extend rally on US bill
Samsung Biologics shares extended a rally Tuesday on upbeat sentiment that the company may be benefiting from US-proposed legislation that aims to restrict Chinese biotech firms from accessing the al...ts sales. “Amid the escalating US-China rivalry, international pharmaceutical firms w...
-
January 29, 2024
South Korean exports to China plunge to three-decade low
... product manufacturing and technological development, spurred by geopolitical tensions and supply chain disruptions, is leading to Korea’s reduced commercial presence in the all-important market. Samsung Electronics, which had topped China’s smartphone sales with 20 percent market sh...
-
January 29, 2024
Galaxy S24 series set new all-time presales record in Korea
Samsung Electronics’ latest Galaxy S24 series, touted as its first artificial intelligence smartphone, broke the company’s presales record in Korea, selling 1.21 million units in just a week. After ...1.09 million units during its presale week, but also all of the Galaxy smartphones, a...
-
January 29, 2024
[KH Explains] Will OpenAI, Korean chipmakers team up to take on Nvidia?
...e officer of OpenAI, visited Seoul last week to hold a series of meetings with top executives of Samsung Electronics and SK hynix, the world’s top two memory chipmakers, fueling speculation that the “...opped the global foundry market taking 57.9 percent of sales in the third quarter ...
-
January 26, 2024
Hyundai takes earnings crown after profit surge
...an all-time high annual operating profit of 26.7 trillion won ($20 billion) last year, outpacing Samsung Electronics, which held the No. 1 position among the listed companies in Korea for 14 consecuti...r Lee Byung-chull. The two conglomerates also clashed over the automotive business w...
-
January 25, 2024
[From the scene] Immersive ‘Squid Game’ challenge thrills fans in LA
...Z Flip5 is set up. Visitors can also try out various Korean foods and drinks in the marketplace, all curated by Yangban chef Katianna Hong. As a partnering supporter of the immersive experience, Samsung sponsored five TVs at the site, including the 85-inch Neo QLED 8K and the 85-inch ...
-
January 25, 2024
Samsung Biologics' profit exceeds W1tr for 1st time
Samsung Biologics’ annual operating profit topped 1 trillion won ($749 million) last year for the first time, according to the company’s regulatory filing on Wednesday. Its operating profit came to ...s global competitors are lowering their earnings guidance for the fiscal 2023,” an o...
-
January 24, 2024
[Herald Interview] Thoughtful approach keeps winning Korean investments in Indiana
... of Commerce on a trip to Korea last year, engaging in crucial business meetings with firms like Samsung SDI. Indiana's business landscape is increasingly marked by the presence of South Korean firms... climate and our partnership ethos,” she said. Catering to the specific needs of c...
-
January 24, 2024
Samsung exec touts Galaxy S24 as true phone camera revolution
SAN JOSE, California -- The Galaxy S24 series is the "ultimate collection" of Samsung Electronics' artificial intelligence technology for cameras, allowing users to become "expert photographers" with...24 series starts and ends with AI. Dubbed the ProVisual Engine, it is the ultimate coll...
-
January 24, 2024
SK becomes No. 2 in market cap
...he first time since January 2022 for SK to regain the No. 2 position based on market cap. While Samsung Group has long maintained its No. 1 position for years, SK and LG have competed for second. SK ...de its high-profile stock debut as the second most-valued company, worth 118 trillio...
-
January 24, 2024
Korean banks ready to step up their game in India
...in more than five years for the lender to add new establishments in the country. The two locations, Chennai and Pune, are where many big-name Korean companies have ventured out. Korean tech giant Samsung Electronics and top automaker Hyundai Motor operate factories in the southeastern ...
-
January 23, 2024
One in 10 Korean nationals work in large companies
... working at conglomerates with over 300 people rose by 89,000 on-year. The biggest employer was Samsung Electronics, the nation's No. 1 company by market capitalization, which had 124,070 employees u...st semi-annual report on the Financial Supervisory Service's electronic disclosure b...
-
January 23, 2024
OpenAI CEO mulls visiting Seoul to seek chip partner
...hiefs' meeting in Seoul. Industry sources also noted the possibility of OpenAI cooperating with Samsung Electronics, as they believed that the US AI company needs to enhance cooperation in diverse ar...h-performance semiconductors sufficient to be used for ChatGPT. Another anonymous s...
-
January 23, 2024
Samsung Bioepis gets Korean approval for Soliris biosimilar
Samsung Bioepis, a biosimilar developer under Samsung Group, said Monday that the company's rare blood disease treatment, Epysqli, has won marketing authorization from South Korea's medicine authorities. Epysqli, a biosimilar close to AstraZeneca's Soliris (eculizumab), is a tr...
-
January 22, 2024
Hybrid operation key to Galaxy AI: Samsung AI chief
..., with the advent of ChatGPT. In its latest Galaxy S24 series, its first AI-powered smartphone, Samsung Electronics took it further to introduce AI features for everyday use, and made the complex pro...e user,” Kim Young-jip, executive vice president and head of the artificial intelli...
-
January 21, 2024
Hanlim partners with NBBJ to support Seoul’s urban innovation
...BBJ has garnered international acclaim for its innovative, eco-friendly designs, collaborating with American firms like Amazon, Alibaba and Microsoft, as well as South Korean conglomerates such as Samsung Electronics, Naver and CJ. Hanlim Chairman Park also held discussions with Morpho...
-
January 21, 2024
[Herald Interview] ‘US election main risk for Korean chip, EV makers’
... global chipmakers to build semiconductor plants in the US and limits expanding production capacity, especially for advanced chips, in China, Gilholm said Trump might ask for more investments from Samsung Electronics and SK hynix. Gilholm suggested Korean companies prepare for two scen...
-
January 21, 2024
Samsung aims to adopt AI in 100m Galaxy phones
During the Unpacked event, Samsung made a surprise announcement about the Galaxy Ring, a health tracker in the form of a ring. Roh said the product could be launched this year. "We ran surveys and learned that customers find it inconvenient to wear a watch all the time. And we found that...
December 23, 2024
