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April 26, 2023
Hyundai Motor outpaces Samsung in quarterly earnings for 1st time
Hyundai Motor, the flagship unit of Hyundai Motor Group, said Tuesday it posted record operating profits of 3.6 trillion won ($2.7 billion) in the first three months of this year, outpacing Samsung Electronics in quarterly earnings for the first time. The auto giant reported su...
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April 25, 2023
Samsung, SK under renewed pressure to join US chip battle against China
...ancial Times that the White House had asked the Korean government to urge its chipmakers to "not fill any market gap" in China, if Beijing bans US-based Micron Technology from selling chips. Both Samsung Electronics and SK hynix said they had not received such a request from ...
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April 24, 2023
Market cap of listed firms gains 16.4% in 2023
...won, while the secondary bourse Kosdaq rose by over 30.79 percent from 312.6 trillion won to 408.85 trillion won. On Kospi, tech stocks, represented by market heavyweights, led gains. Tech giant Samsung Electronics was the top runner on the index, holding the largest market ...
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April 21, 2023
Is Google Korea no longer dream workplace?
... in which the Google union is affiliated. Working at Google has been one of the most coveted jobs in Korea, coming with hefty incentives even compared to other highly paid jobs at chaebol such as Samsung Electronics and Hyundai Motor. According to a recent poll conducted by ...
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April 21, 2023
Samsung, LG resume talks on OLED partnership
Talks for a rare partnership between Samsung and LG appear to have been resumed recently as Samsung seeks to buy LG panels for its latest OLED TVs for the first time, according to industry sources on...eal by the end of the first half this year,” an industry source said on cond...
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April 20, 2023
EU Chips Act potential boon for Korean parts makers: ministry
...ere are largely fabless companies that only design chips. The fabless companies would outsource fabrication to specialized foundries, such as Taiwan Semiconductor Manufacturing Corp. in Taiwan and Samsung Electronics in South Korea. "This will allow us to rebalance and secure...
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April 20, 2023
Market cap of listed firms jumps 14% in Q1
... the first quarter, 33 companies saw an increase in their market caps worth 1 trillion won or more. Among the 33, four firms saw an increase over 10 trillion won, including South Korean tech giant Samsung Electronics, battery manufacturer LG Energy Solution, battery material f...
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April 20, 2023
Samsung reclaims No. 1 ranking in global smartphone sales
Samsung Electronics has regained the top spot in the global smartphone market in the first quarter of this year, slightly outpacing its archrival Apple, the No. 1 in the previous quarter, a report showed Wednesday. In the January-March period, Samsung held a market sh...
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April 19, 2023
Samsung may ditch Google for Bing
Speculation is growing that Samsung Electronics may be ditching its close ties with Google by replacing the default search engine for its flagship Galaxy devices with Microsoft’s Bing which has been upgraded with OpenAI’s powerful chatbot, ChatGPT. According to industry sourc...
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April 17, 2023
Samsung’s Neo QLED TVs receive carbon footprint certification
Samsung Electronics, the world's largest TV maker by shipments, said Sunday that six of its Neo quantum-dot light-emitting diode TVs have been globally certified for carbon footprint by Carbon Trust, a UK-based carbon management and reduction organization. The models -- three o...
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April 17, 2023
[KH Explains] Is US-China rivalry spilling over to displays?
... already succumbed to Chinese rivals when it comes to cheaper LCDs, Korea’s top display makers – Samsung Display and LG Display – have poured resources into more sophisticated OLEDs to maintain their ...especially ones that have strong ties with the US," Yi said. In order for Korean...
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April 16, 2023
Top Korean chaebol leaders to accompany Yoon on state visit to US
...dustries, one of the nation’s major business lobby groups, plans to arrange a business delegation consisting of some 70 business leaders, including chiefs of the nation’s top four chaebol groups – Samsung Electronics Executive Chairman Lee Jae-yong, SK Group Chairman Chey T...
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April 14, 2023
Top court finalizes W1tr fine for Qualcomm
...her fees for patents used by smartphone makers. Qualcomm had been receiving 5 percent of handset prices in royalties for CDMA technologies from handset makers who buy Qualcomm modem chips such as Samsung Electronics, Taiwan-based MediaTek and US -based Intel. The watchdog al...
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April 13, 2023
How Samsung, Hyundai tackle the China dilemma
... US-China rivalry in recent years, South Korea’s conglomerates have struggled to strike a balance in their Chinese business. Even though no immediate breakthrough is seen in geopolitical tensions, Samsung Electronics and Hyundai Motor Group -- the nation’s top makers of smar...
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April 12, 2023
Google fined W42b for abusing market dominance
... September 2021, Google was slapped with 225 billion won in fines for using the success of its mobile operating system to limit competition. Google prohibited smartphone manufacturers, especially Samsung Electronics, from developing or installing operating systems using Googl...
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April 12, 2023
Samsung Display to supply OLED panels for Ferrari cars
Samsung Display, the display arm of Samsung Electronics, has clinched a deal to supply organic light emitting diode panels for Ferrari’s next generation automobiles, the company said on Tuesday. Samsung Display CEO Choi Joo-sun and Ferrari CEO Benedetto Vig...
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April 11, 2023
Falling revenue threatens tax cuts
... making it difficult for the government to maintain the current tax cuts. "The tax revenue is highly likely to fall below the original estimate," Finance Minister Choo Kyung-ho said when visiting Samsung Electronics’ Pyeongtaek Campus on Friday. “While the overall economy ...
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April 11, 2023
[KH Explains] Apple ups ante in Samsung's home ground
... tech behemoth Apple has long maintained a low profile in South Korea, the home of its archrival Samsung Electronics, where the iPhone maker takes up a “modest” share of the market at about 20 percent...home ground, Samsung recently rebranded its retail store, call...
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April 10, 2023
Average unit price for exported Korean cars hits all-time high
...The car is expected to be priced between $60,000-$70,000. Experts say the auto market is likely to lead the country’s exports, unlike the semiconductor industry, which is headed for a downturn as Samsung Electronics recently announced that it would cut chip production. “Se...
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April 09, 2023
LG Electronics estimates to log second-highest Q1 profit of W1.5tr
LG Electronics said Friday it predicted its first-quarter operating earnings at 1.5 trillion won ($1.14 billion), which will likely be the company’s second-highest profit for the January-March period, outpacing Samsung Electronics' financial result for the first time ...
November 26, 2024
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