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November 28, 2023
Samsung sets up control tower for new growth drivers
The latest reshuffle comes amid Samsung's poor earnings record suffering from sluggish demand and the possibility of a leadership vacuum as the company's chairman faces a decisive ruling. In the lat...nt in stock price rigging and accounting fraud connected to the controversial 2015 merg...
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November 24, 2023
Top conglomerates to start executive reshuffles
...gular reshuffle of executives to gear up for the coming year, starting with LG Group this week. Samsung Electronics, SK Group and Hyundai Motor Group, the top three conglomerates in order, are expect...on Bong-seok and LG Chem Vice Chairman Shin Hak-cheol are expected to remain in thei...
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November 23, 2023
Samsung may head to San Jose to unveil new Galaxy S phones
Samsung Electronics may hold its unpacking event for its flagship Galaxy S24 smartphone lineup in January, advancing the date by two weeks compared to last year’s event, in archrival Apple’s backyard for the first time, according to industry sources on Wednesday. Samsung is p...
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November 23, 2023
[KH Explains] Why Apple's iPhone15 is selling better in Korea than China, Japan
... the iPhone 15 with 30.7 percent. The upbeat iPhone sales on the home turf of Apple’s archrival Samsung Electronics come in stark contrast to China and Japan, the key markets for Apple’s iPhones. Ch... in the third-tier group due to the smaller market size for Apple since it is the ...
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November 23, 2023
Samsung renews CSR push for multicultural families, seniors
Samsung Group affiliates introduced a new corporate social responsibility program offering support to children of multicultural families and older adults, holding the launching ceremony in Seoul on W...as collected in the nine Samsung affiliates -- Samsung Biologics, <...
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November 22, 2023
Samsung retains No. 1 spot in TV sales; LG tops OLED market
LG Electronics secured the top position in the global OLED market for 11 consecutive years, selling 2.03 million units accumulated from January to September. The number of units accounted for a 55 percent share in terms of shipments, according to Omdia. According to LG, the demand for ultra-large ...
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November 21, 2023
Samsung chief departs for Europe
Samsung Electronics Chairman Lee Jae-yong took off to Britain over the weekend to join a presidential delegation, according to industry sources on Monday, as he faces a decisive ruling that could pos... The trial began in September 2020, when Lee was accused of pushing for an unfair merg...
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November 21, 2023
Samsung chief departs for Europe
Samsung Electronics Chairman Lee Jae-yong took off to Britain over the weekend to join a presidential delegation, according to industry sources on Monday, as he faces a decisive ruling that could pos... The trial began in September 2020, when Lee was accused of pushing for an unfair merg...
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November 20, 2023
[Herald Interview] SK-backed Sapeon to take on Nvidia
...S headquarters in Silicon Valley, California and the Korean office together as “one team.” Before joining Sapeon in June this year, Shebanow worked at several Big Tech companies, including Nvidia, Samsung Electronics and AMD. “It's a privilege to work with SK Telecom. We’re a small...
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November 20, 2023
EcoPro, SK Ecoplant to build EV battery recycling plant in Hungary
...y 2030, Hungary’s battery production is expected to surge by more than sevenfold compared to 2022. The German trio, Mercedes-Benz, BMW and Audi, run car manufacturing plants in Hungary, and Korea-based Samsung SDI and SK On operate production sites there. Chinese battery makers like C...
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November 19, 2023
Samsung family pays tribute to late founder
Samsung Group commemorated the 36th anniversary of the death of Lee Byung-chull, the founder of Korea’s largest conglomerate, in a memorial service Friday. Lee's relatives, including former Leeum Sa...in 1938 to develop it into the country's largest conglomerate. Lee passed away on Nov....
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November 19, 2023
Prosecutors seek 5-year sentence for Samsung chief over fraud connected to 2015 merger
The prosecution on Friday demanded five years in prison for Samsung Electronics Chairman Lee Jae-yong on charges of stock price rigging and accounting fraud connected to the controversial 2015 merger...gging, breach of duty and accounting fraud in the course of the controversial 2015 merg...
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November 17, 2023
[Herald Interview] Lotus bets big on Korea’s luxury car market
...ercent in 20 minutes. Highlighting the company’s bases worldwide in the UK, Germany and China, Balmer said, “The company is open to working with Korean battery companies (like LG Energy Solution, Samsung SDI and SK On,) as part of our plan to further accelerate global expansion.” S...
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November 16, 2023
Samsung, SK chiefs may accompany president during visit to Netherlands
The heads of South Korea’s top two conglomerates Samsung Group and SK Group are expected to travel to the Netherlands, a semiconductor powerhouse, next month to accompany President Yoon Suk Yeol on h...rillion won in facility investments this year, marking its largest-ever annual investm...
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November 16, 2023
Google offers data residency for Korean corporate clients
...the cloud service provider has supported accelerating customers’ content creation, process automation and information organization, while its key local clients include LG AI Research, Kakao Brain, Samsung Electronics, Kia and Korean Air, according to the company. Kang Hyoung-jun, mana...
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November 16, 2023
Samsung Bioepis to develop MSD's Keytruda biosimilar
Samsung Bioepis, a biosimilar developer under Samsung Group, will embark on the development of a biosimilar candidate referencing MSD’s Keytruda (pembrolizumab), one of the best-selling drugs in the world. According to the Ministry of Food and Drug Safety on Wednesday, Sa...
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November 15, 2023
[KH explains] Chinese battery makers gobbling up Korean rivals’ European market share
...n rivals used to be clear dominant players. Up until two years ago, Korea’s LG Energy Solution, Samsung SDI and SK On owned a combined 70.6 percent of Europe’s burgeoning EV battery market, while Chi...ce inventory burdens,” said an LG Energy Solution executive during an earnings co...
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November 14, 2023
Bithumb to push for IPO in 2025
... exchanges, is preparing to become the first cryptocurrency exchange to go public in Korea, in a move to expand its share in the market currently dominated by its larger peer, Upbit. "We selected Samsung Securities as our manager for initial public offering at the end of (October). We ...
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November 13, 2023
LG Display set for turnaround next year, buoyed by Apple’s first OLED iPad
...aunch the new product lineup in the second quarter next year. Apple is targeting a total of 10 million OLED iPad panels next year. LG Display is expected to supply 60 percent of the supply, while Samsung Display is responsible for producing the rest. Omdia, a market tracker, said LG m...
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November 12, 2023
Hanlim to debut one-stop real estate service in India
...ts advanced construction skills. Hanlim India, founded this year, has been involved in diverse construction projects, building manufacturing plants for a number of Korean conglomerates, including Samsung Electronics and Hyundai Motor Group, among others. It will also seek to help Kore...
December 23, 2024
