November 26, 2024

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• March 15, 2023

  Apple Store to open near 'Samsung Town' in Gangnam

  ...re in South Korea later this month, expending its presence in the country, home to its archrival Samsung Electronics. Named Apple Gangnam, the store will open near the Shinnonhyeon Subway Station in ...rn Seoul on March 31. The location is less than a kilometer away from thre...

• March 14, 2023

  Samsung Pay boosts ties with Naver, Kakao to cement payment leadership

  In an apparent move to counter Apple Pay’s long-awaited debut this month, Samsung Pay is seeking a stronger alliance with local mobile payment providers to consolidate its digital payment service's dominant position at home. Samsung Electronics has been in discussion...

• March 14, 2023

  Diplomacy urged to ease concerns over US CHIPS Act

  ...tly disclosed some "unusual" requirements for its $52 billion semiconductor funding program aimed at securing an upper hand against Beijing. Home to two of the world's largest memory chip makers, Samsung Electronics and SK hynix, the South Korean government has also raised co...

• March 12, 2023

  Korean auto, battery sectors brace for EU-first act

  ...battery EVs in Europe, the official said the automaker may have to increase the production capacity of EVs at its plants in the Czech Republic and Slovakia. Although Korean battery makers -- LG Electronics, Samsung SDI and SK On -- set up manufacturing plants in Europe and ha...

• March 10, 2023

  OLED TV war looms as Samsung returns after 10-year hiatus

  Samsung Electronics on Thursday debuted its first organic light-emitting diode TVs in a decade at home, making official its comeback to the fast-growing premium TV segment, which is currently dominated by its crosstown rival, LG Electronics. The tech giant held a medi...

• March 10, 2023

  Ex-TSMC engineer joins Samsung’s chip packaging team

  Samsung Electronics has hired veteran engineer Lin Jun-cheng, who previously worked at the tech giant’s foundry rival, Taiwan-based TSMC, according to local reports on Thursday. Lin was recently app... as Samsung beefs up efforts to strengthen its prowess in chip pac...

• March 09, 2023

  Samsung CEOs to discuss inclusivity with female employees

  Celebrating International Women’s Day this week, Samsung Electronics’ top brass will hold luncheon talks with female executives to discuss woman’s leadership in the workplace, the tech giant said Wednesday. Its Co-CEOs Han Jong-hee, the mobile device and home appliance busin...

• March 09, 2023

  LG welcomes more rivals entering OLED TV market

  LG Electronics, the dominant No. 1 company in the organic light-emitting diode TV market, said Wednesday it welcomes more tech firms, including its archrival Samsung Electronics, entering the fast-growing OLED TV market. Ahead of the official release of its 2023 TV li...

• March 08, 2023

  Samsung’s retail store renamed as ‘Samsung Store’

  Samsung Electronics said Tuesday its retail store brand Samsung Digital Plaza will be renamed as Samsung Store from Wednesday – the first revamp since the brand was launched in 2000. In addition to some 360 retail stores nationwide, all shops within departm...

• March 08, 2023

  [Newsmaker] Women make up just 24% of workforce at major companies

  ...ear. Female workers working in the finance sector were paid the second-highest at 74.2 million won, followed by those in the automobile industry at 61.2 million won. By company, women working at Samsung Electronics were paid the most, with a yearly income of 97.7 million won...

• March 07, 2023

  [KH Explains] Will rise of ChatGPT save chipmakers from mounting inventories?

  ...ll kinds of data -- not only texts but also images, videos and codes. “The increase of natural language-based, conversation-style AI services will have a positive impact on future memory demand,” Samsung Electronics Executive Vice President Kim Jae-june said during the comp...

• March 07, 2023

  Trade minister, chipmakers to hold meeting on US CHIPS Act

  South Korean Trade, Industry and Energy Minister Ahn Duk-geun will meet with officials of major semiconductor companies, including Samsung Electronics and SK hynix, Tuesday to discuss countermeasures to the US CHIPS Act and its requirements, according to the ministry on Monday. ...

• March 06, 2023

  Chip inventory hits 26-year high

  ...ent was posted in March 1997. Exports of chips also nosedived 42.5 percent on-year to $5.69 billion in February. While Asia’s No. 4 economy is home to the world’s two largest memory chipmakers -- Samsung Electronics and SK hynix -- the two firms have seen their inventory su...

• March 05, 2023

  Competition heats up for first Hyundai factory job openings in decade

  ...ce community app Blind, which allows users to post anonymously, with many asking whether they should consider applying. One post showed a person who claimed to be working at a production line for Samsung Electronics asking for advice in changing jobs to Hyundai. Another alle...

• March 05, 2023

  Samsung’s global DRAM market share inched up; revenue plummeted in Q4

  As global chipmakers struggle with a severe market downturn, Samsung Electronics managed to maintain its market share while seeing a sharp loss in revenue, data showed on Thursday. According to market tracker TrendForce, global DRAM revenue fell by 32.5 percent in the fourth qu...

• March 02, 2023

  Samsung Electronics top stock pick in Feb.; SM ranks No. 4

  Market bellwether Samsung Electronics was the top stock pick among investors in February, with the total trade volume of its stocks soaring to 16.17 trillion won ($12.3 billion) on the nation’s main bourse Kospi, according to data from the Korea Exchange on Wednesday. The tech...

• February 27, 2023

  Telecom carriers to show off future tech in Barcelona

  Meanwhile, Samsung Electronics will present its latest 5G solutions at the trade show, including the next-generation 5G vRAN and the newest energy saving feature for vRAN, Massive MIMO radio and advanced chip sets. "We supported the largest-scale commercial vRAN for the first t...

• February 26, 2023

  Samsung kicks off global tech seminar to introduce QLED, OLED TVs

  Samsung Electronics said Friday it had kicked off its annual tech seminar series in Frankfurt, Germany, Thursday, showcasing cutting-edge technologies behind its 2023 TV lineup, which includes Neo quantum dot light-emitting diode and organic light-emitting diode TVs. The tech s...

• February 24, 2023

  Samsung-Dish 5G partnership in progress

  Samsung Electronics said Thursday it has launched a virtual open radio access network site running on the ultra-fast 5G network along with Dish Network, the fourth-largest telecommunications carrier ... June-hee, executive vice president and head of global sales, marketing and n...

• February 23, 2023

  Average pay at Samsung estimated at W130m: report

  The average annual compensation for Samsung Electronics’ employees and executives last year was over 130 million won ($99,700), data showed Wednesday. According to market tracker Korea CXO Institute, the estimated annual salary that Samsung’s 113,604 employees and e...

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