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January 10, 2024
Samsung, Flagship Pioneering to team up for investments in biotech
Samsung C&T announced Tuesday that the company signed a memorandum of understanding with Flagship Pioneering, a US-based bio platform company, to expand its investment to foster biopharmaceutical inn...cial intelligence and contract development and manufacturing organization services. Pr...
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January 10, 2024
[CES 2024] Hyundai vows innovation in software, hydrogen for 'future generations'
...d a partnership with Tenstorrent, a specialist in neural processing units, to co-develop advanced CPUs and AI co-processors. This collaboration is bolstered by a $100 million joint investment with Samsung Electronics and gains added expertise from Tenstorrent's CTO Jim Keller, renowned ...
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January 08, 2024
Samsung to boost patent leadership with ‘Ironflex’ trademark for foldable displays
According to Wert Intelligence, an intellectual property market tracker, Samsung Display has secured 1,840 patents on foldable displays alone in the US, about four times more than the 481 patents secured by China’s BOE and the 469 patents of crosstown rival LG Display. Wert predicted th...
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January 07, 2024
Samsung, Hyundai Motor to boost home-car connectivity
South Korea's top makers of chips and cars, Samsung Electronics and Hyundai Motor Group, are joining hands for heightened connectivity by integrating their smart home and connective car solutions, the companies said Thursday. In a signing ceremony on Wednesday, the two sides agreed to ex...
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January 04, 2024
Samsung's AI-powered Galaxy S24 to debut this month
Samsung Electronics will unveil the Galaxy S24 series featuring the company’s latest artificial intelligence model in Silicon Valley -- the home turf of its archrival, Apple -- this month. Releasing...translation appearing on the screen like closed-captioning for a livestreamed show, ac...
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January 04, 2024
[KH explains] How young are ‘young’ CEOs in Korea?
...lies. “The rhetoric gives them the reason to fill the top brass with younger leaders, considering their chaebol chiefs may feel uncomfortable working with CEOs who are older than them,” he said. Samsung Electronics Chairman Lee Jae-yong, 55, SK Group Chairman Chey Tae-won, 63, and H...
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January 03, 2024
Battery, new energy sectors to feel pinch from global minimum tax
Hundreds of South Korean firms, including tech giant Samsung Electronics, are set to be hit by the newly implemented 15 percent global minimum tax rate. Under the new corporate tax rule that came in...vestment funds are exempted. Industry sources anticipated over 250 local companies -- ...
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January 02, 2024
Foreigners’ net buying of Samsung hits new high in 2023
Foreign investors snapped up investments in Samsung Electronics last year, net buying more than 16 trillion won ($12.31 billion) worth of shares, buoyed by the expectations of a recovery of the global chip industry. In 2023, foreign investors scooped up a net 16.73 trillion won of shares...
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January 02, 2024
Reflecting on bumper year for K-food
...ttogi, Nongshim, SPC Samlip and Lotte Wellfood posted annual sales of 3 trillion won or more. Industry sources predict that an additional four -- Lotte Chilsung Beverage, CJ Freshway, Pulmuone and Samsung Welstory -- are expected to join the top list in 2023. Their full-year earnings ha...
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January 02, 2024
[KH explains] Nexon’s failed stake sale reignites dispute over ‘punitive’ inheritance tax
The founding family of the nation's biggest conglomerate Samsung Group has continued selling stakes to pay their succession tax bill worth 12 trillion won since the late Samsung patriarch Lee Kun-hee died in 2010 with an estate valued at 20 trillion won. Other heirs of some of ...
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December 29, 2023
[Herald Interview] Palliser CIO skeptical of Samsung C&T stock cancellation plan
British activist investor Palliser Capital founder said Samsung C&T’s five-year treasury stock retirement plan won’t be helpful to shore up its stock price, urging swift action to resolve investors’ ...shareholders; in reality, it has no impact on intrinsic value per share,” he said. ...
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December 28, 2023
Chaebol leaders heading to CES 2024
...s vision builds on HD Hyundai's Ocean Transformation concept from CES 2023, signaling a strategic pivot from maritime to land, leveraging advanced automation, and digital twin technologies. While Samsung Electronics Executive Chairman Lee Jae-yong and LG Group Chairman Koo Kwang-mo are...
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December 27, 2023
Samsung Biologics CEO to attend JPMorgan conference
Samsung Biologics CEO John Rim is heading to San Francisco next month to share the company’s mid-term business plans during the JPMorgan Healthcare Conference, the company said Tuesday. The JPMorgan...t. The fact that the company’s presentation date has been moved up shows its improved...
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December 27, 2023
US supply chain review to boost Korean chip sales: analysts
...me. Market observers here say the US measure is likely to benefit Korean chipmakers, especially Samsung Electronics and SK hynix, in reducing their large inventory of legacy chips. The two companies ...iance on Chinese semiconductors with the rising uncertainties,” Kim said. The anal...
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December 22, 2023
Huawei to spur Korea’s digital shift next year: CEO
... amid lingering concerns over security risks surrounding the firm, with the US reportedly urging Korea to reject Chinese technologies. Regarding whether the Chinese firm plans to collaborate with Samsung Electronics' foundry, he gave a neutral response, stating, "We're always open to c...
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December 21, 2023
Big firms skip year-end brouhaha, offer days off instead
South Korean conglomerates are skipping official year-end ceremonies and recommending employees to take their annual leave to close out 2023. Samsung Electronics, the country’s largest conglomerate, is rounding out the year without any official year-end ceremony -- or "jongmusik" in Kor...
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December 20, 2023
French business tycoons visit Korea to meet with KCCI
...tended by 30 top conglomerates and government officials from the two nations, the business roundtable discussed strategic partnerships in the energy and technology sectors. The top executives from Samsung Electronics, SK Group, LG Electronics, Kia as well as Accor Group, Air Liquide and...
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December 19, 2023
Overseas construction orders to exceed $30b for fourth year
...n companies flocked to establish electric vehicle and battery factories there, in response to the US Inflation Reduction Act signed into law in August last year. Some of the notable deals include Samsung C&T's $4.7 billion order for Samsung Electronics' semiconductor plant in...
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December 18, 2023
[Herald Interview] Group 14, SK Materials to operate Asia’s largest silicon plant for EVs
...e of the five largest battery manufacturers in the world are Korean firms -- LG Energy Solution, Samsung SDI and SK On. “So we secured further intellectual property protection -- that is, patents -- ...inly be happy to partner with both strategic partners and customers with SK On as w...
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December 17, 2023
Korean battery, clean energy firms expected to benefit from US tax incentives
...dits. Section 45X consists of a $35 tax credit per one kilowatt-hour of a battery cell and a $10 tax credit per one kWh of a battery module. Korean battery makers -- LG Energy Solution, SK On and Samsung SDI -- are expected to be eligible for these tax credits as they either have been ...
December 23, 2024
