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January 18, 2024
[KH Explains] Why spot bitcoin ETFs remain off limits for Korean investors
...eas stocks or financial products, they will not be able to invest in spot bitcoin ETFs through any means for the time being. Yet investors’ demand for crypto-tied financial products remains high. Samsung Asset Management said Monday the assets under management for its future bitcoin E...
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January 18, 2024
Samsung unveils AI-powered Galaxy, sets out to create new standards
The new phone also comes with Provisual Engine for enhanced photo editing, which Samsung calls an attractive feature, especially for younger users who enjoy diverse social media services. Its Generat...0 percent more expensive than the previous model. The new phone comes at a crucial jun...
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January 18, 2024
HD Hyundai CEO talks global decarbonization efforts at Davos
...value chain free from carbon emissions. It also marks Chung's second appearance at the forum, which he attended for the first time in 2023. Chairpersons from other Korean conglomerates, including Samsung, SK, Hyundai Motor and LG, are not attending the event this year. A highlight of ...
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January 17, 2024
Samsung SDI buys stake in Canadian nickel miner for battery expansion
Samsung SDI, a leading South Korean lithium-ion battery manufacturer, has acquired a stake in Toronto-based Canada Nickel in a $18.5 million deal to ensure a stable supply of critical battery materia... batteries for electric vehicles that offer increased energy density. This acquisition...
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January 17, 2024
KEB Hana Bank to tap into Hungary in Q1
...y local firms, as the country serves as a bridgehead for Korean businesses to advance into the burgeoning European market. South Korean firms -- especially electric vehicle battery makers such as Samsung SDI and SK On -- have built plants there, placing Korea as the largest investor in...
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January 16, 2024
NPS ups stake in Samsung Electro-Mechanics, sells Kakao in Q4
...around 1,000 trillion won ($757 billion), expanded its holdings in electronic parts manufacturer Samsung Electro-Mechanics, but dumped shares of IT giant Kakao in the September-December period of 2023... 1 trillion won stake in 21 locally listed companies. Among the 21, its largest hold...
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January 16, 2024
How will Taiwan election affect Korean chips?
...nductor industry and the global supply chain. South Korea's two leading semiconductor makers -- Samsung Electronics and SK hynix -- are reviewing the impact of the election results on the global foun...market share stood at 57.9 percent as of the third quarter, overwhelmingly widening ...
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January 15, 2024
[CES 2024] [Herald Interview] SK Telecom to bolster AI ties with big tech firms
...n the first quarter of the year. “The exact launch schedule (of the Android version) could be adjusted. We are trying to advance the launch to enhance the connectivity of the service,” he added. Samsung Electronics, the market leader in Android phones, is scheduled to unveil its fir...
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January 15, 2024
Samsung SDI outpaces Korean rivals in US tax credits
Samsung SDI has outpaced its Korean rivals by supplying batteries to the largest number of electric vehicles under the heightened US EV tax credit regulations that went into effect Jan. 1, according ...ile China’s CATL and AESC Group, which made the cut last year, have been removed from ...
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January 12, 2024
[CES 2024] Doosan chief highlights business synergy with AI
...cat debuted AT450X, an uncrewed and electric articulated tractor powered by AI. Park also observed the latest trends in autonomous driving and vehicle electronics as he visited relevant booths of Samsung Electronics, LG Electronics, Mercedes-Benz and Mobileye. “It’s the first large ...
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January 12, 2024
[CES 2024] SK On chief hints IPO plan on track
...intelligence, a keyword for this year’s CES, Chey said the company is working on AI applications for the battery manufacturing process. He visited the exhibition booths of Hyundai Motor Group, LG, Samsung, Doosan Group, Panasonic and John Deere, a US-based heavy equipment company, to l...
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January 12, 2024
[CES 2024] Samsung Electro-Mechanics CEO pins high hopes on AI
LAS VEGAS -- Samsung Electro-Mechanics CEO Chang Duck-hyun unveiled the company's new vision centering on four key technology developments -- the mobility industry, robots, artificial intelligence an...ired as bases when realizing the future technologies and it will be a new growth opport...
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January 12, 2024
Samsung C&T builds world's 2nd-tallest building in Malaysia
Samsung C&T has completed the construction of a 118-story skyscraper in Malaysia, the second-tallest building in the world, the company said on Thursday. The construction and trading firm under Sams...is expected to become a landmark, according to Samsung C&T. With the complet...
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January 11, 2024
[CES 2024] 42dot, Samsung to launch Exynos-based auto platform
42dot, the software mobility unit under Hyundai Motor Group, clinched a deal with Samsung Electronics to develop an artificial intelligence-based software-defined vehicle platform on the sidelines of...undai Motor Group, and Park Yong-in, president of the system large-scale integration di...
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January 11, 2024
[JPM 2024] Samsung Biologics seeks ‘unrivaled’ CDMO leadership
SAN FRANCISCO – Samsung Biologics, the biotech arm of Samsung Group, is seeking to further consolidate its leadership in the soaring contract manufacturing and development market by outpacing rivals in terms of production capacity. "I am aware of the market's post-pandemic ove...
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January 11, 2024
[CES 2024] AI success hinges on steady, strategic investments: Chey
...created to measure up to high expectations and investment, SK Group Chairman Chey Tae-won said, taking part in the CES 2024 technology show in Las Vegas on Tuesday. After touring the showrooms of Samsung Electronics and LG Electronics on the opening day of the world's largest tech show...
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January 11, 2024
[CES 2024] Samsung CEO hints at plans for ‘megadeals’
LAS VEGAS – Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said the South Korean tech giant may set out a plan for megasized mergers and acquisitions this year as a way to solidify its lea...ated talks were underway “little by little.” But there has been no update on such a ...
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January 11, 2024
[CES 2024] G-Dragon surprise visits CES
...K-pop artist G-Dragon was spotted visiting the CES 2024, the world’s largest tech show which kicked off in Las Vegas on Tuesday. G-Dragon popped into the showrooms of Korean tech firms, including Samsung Electronics, LG Electronics, and SK Group, where he explored their cutting-edge t...
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January 10, 2024
Korean biotech firms flex muscles at J.P. Morgan Healthcare Conference
... which kicked off Monday in San Francisco. This year, the number of Korean companies that received official invitations from the host increased to six from three last year. The presenters include Samsung Biologics, Celltrion, Yuhan Corp., Lotte Biologics, SK Biopharmaceuticals and Kaka...
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January 10, 2024
Samsung warns of worse than expected earnings in Q4
Samsung Electronics is estimated to have recorded its lowest operating profit in 15 years in 2023, with its chip business only slightly recovering at the end of the year after hitting rock bottom in ...res in the fourth quarter show improvements from previous quarters. In the January-Marc...
December 23, 2024
