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December 17, 2023
Samsung's AI model to be trained on 20,000 telecom-related academic papers
Samsung Electronics inked a partnership with the Korean Institute of Communications and Information Sciences for access to telecommunication-related academic papers to use in the training of its arti...mails, summarize documents and translate content. Two other functions are Samsung<...
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December 17, 2023
Samsung chief returns from Netherlands, satisfied with ASML deal
Samsung Electronics Chairman Lee Jae-yong hinted at his satisfaction over his trip to the Netherlands with President Yoon Suk Yeol on Friday, saying that most of the achievements made there were focu...EUV machine into Korea, it is more important for us to build the partnership (with ASML...
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December 14, 2023
Samsung C&T to join Oman’s green ammonia project
Samsung C&T, the construction and energy arm of Samsung Group, announced Tuesday that it has won business rights for Oman’s megasized green ammonia project by joining forces with global partners. Samsung C&T has formed a consortium together with Japan’s Marubeni Mid...
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December 14, 2023
[KH explains] Will ‘chip alliance’ help Samsung, SK secure more ASML machines?
...y, South Korean President Yoon Suk Yeol and the chiefs of the country's top two conglomerates -- Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won -- met with Dutch King Wil...produced, has become a mission for global chip suppliers and governments. It is no e...
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December 13, 2023
Germany’s lukewarm EV sales alarm Korean battery makers
...any, which took up 32 percent market share in Europe last year, is a signal that shows the whole region is beginning to see a slowdown in EV demand. Korean battery makers like LG Energy Solution, Samsung SDI and SK On, who either operate or are setting up production bases in Poland and...
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December 13, 2023
Samsung, ASML agree to build W1tr research fab for chip equipment in Korea
...ntry’s market share of logic chips in the global market to 10 percent by 2030, which aligns with Samsung’s goal to become No. 1 in the field by 2030. “The leaders’ visit to the Netherlands this week ...reportedly has about 100 units of EUV equipment in its manufacturing facilities ...
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December 12, 2023
Samsung sets out in search of ‘unprecedented’ technology
Samsung Electronics has established new teams devoted to forging new ideas for the future of its smartphones and home appliances businesses, according to the company on Monday. The latest organizati...d entities within the conglomerate, with its main focus on consumer devices and applian...
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December 11, 2023
Samsung, SK chiefs to visit ASML to discuss chip alliance
Samsung Group Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won are set to travel to the Netherlands this week to strengthen business ties with ASML, the sole provider of equipment critical in...emanufacturing methods to repair and improve machinery for clients in the country, whic...
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December 11, 2023
[Herald Interview] Renault Korea prepares for major changes from 2024
... specific plans for the brand uplift, Deblaise refrained from disclosing too much information. However, he underlined that now is the time to move forward and shake things up completely. “Renault Samsung had a good image thanks to Samsung. This is why it was very good to cap...
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December 08, 2023
Samsung SDI renews push for all-solid-state batteries
Samsung SDI said Thursday it has set up a team dedicated to pushing forward the development of the next generation all-solid-state batteries. All-solid-state batteries are called “game changer batte...e schedule for commercial production (of the batteries) faster than 2027,” said an of...
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December 07, 2023
LG Display launches voluntary redundancy program in efficiency drive
...7 billion by 2027, with this year's global sales forecast to stand at $481.75 million. Last year, LG Display took 50 percent of the global automotive OLED panel market, while its crosstown rival, Samsung Display, secured 42.7 percent. China's BOE Technology came third to take a 7.3 per...
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December 06, 2023
Korea Herald, Indonesia's Kompas vow to deepen media ties
...s surrounding the Indonesian capital's relocation. Indonesia plans to relocate its capital from Jakarta to the new city of Nusantara in Borneo, with the hopes of inaugurating it in August of next year. Companies such as Samsung C&T, the construction unit of Samsung Group, ha...
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December 06, 2023
[KH Explains] China ups OLED ante to take over Korean shares
...n yuan ($8.84 billion) to build a production facility with 8.6-generation technology for OLED panels for laptops and tablet PCs. The amount of investment is almost three times higher than that of Samsung Display. In April this year, Samsung, Korea's top display maker which i...
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December 04, 2023
[KH Explains] Why foreign investors continue to be net buyers despite short selling ban
...de, Industry and Energy showed Friday. As figures show the semiconductor industry has passed the bottom of its dip, foreign investors are increasing their stake in big-name tech giants, including Samsung Electronics and SK hynix. From Nov. 6 to Friday, foreign investors net bought 1.7...
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December 04, 2023
EcoPro, Samsung SDI clinch W44tr cathode supply deal
...M, a battery materials manufacturing subsidiary of EcoPro, said Sunday it has forged a deal with Samsung SDI to supply 44 trillion won ($34 billion) worth of cathode materials for electric vehicle bat...is poised to supply high-nickel cathode materials that consist of more than 80 perce...
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December 01, 2023
KT CEO carries out first organizational revamp
...y joined as the CTO to lead the new technology innovation division. He is an IT expert who previously worked at Yahoo, Microsoft, Hyundai Card and Hyundai Commercial. Jung Woo-jin, executive vice president, will lead the KT consulting group. He is a digital cloud technology consulting expert who...
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November 30, 2023
Samsung promotes execs in 30s, 40s for future growth
Samsung Group's key technology affiliates -- Samsung Electronics, Samsung Display and Samsung SDS, Samsung SDI and Samsung Electro-Mechanics -- on Wednesday promoted a swath of young executives in their 30s and 40s as part of their ongoing...
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November 30, 2023
Corporate Korea explores new opportunities in Expo bid
...s linked with the BIE, the World Expo's organizing body, SK Group said. From January this year, Samsung Electronics Chairman Lee Jae-yong traveled to many countries as part of the presidential delega...ung-chull established a sugar factory in Busan, devastated after the Korean War." E...
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November 29, 2023
Samsung's Harman acquires audio platform Roon
Harman, Samsung Electronics' audio and automotive component subsidiary, said Tuesday it acquired Roon, a popular music player platform, to strengthen its home audio business. Roon is a music player ...any audio device and a playback engine designed to deliver the best possible sound, acc...
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November 29, 2023
Samsung Biologics sees highest-ever annual orders
Samsung Biologics said Tuesday that the company has signed five contract manufacturing deals to bring the total value of its annual orders this year to an all-time high of 3.48 trillion won ($2.7 bil...tracts is some 172 billion won. “The four expanded contracts were based on separate o...