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January 31, 2023
Samsung SDI hits W20tr in sales for first time
Samsung SDI said Monday it posted record-high earnings in both sales revenue and operating profit last year, largely driven by the surge in sales of value-added battery products. Revenue skyrocketed...attery Gen 5 (P5) in the electric vehicle battery market,” said Kim Jong-sung, vice pr...
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January 31, 2023
[Newsmaker] Why is Samsung starting a legal fight against smartphone repair shops in US?
Samsung Display has recently filed a complaint against 17 smartphone repair shops in the US over their use of “illegal” panels that it says infringed its highly sophisticated OLED patents, according to industry sources Monday. The display-making unit of Samsung Electroni...
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January 31, 2023
[NPS in Action] Korea's pension fund, under pressure, hunts for gains in foreign stocks
...e PlayerUnknown's Battlegrounds, rolled out its new work, the Callisto Protocol, in December, but posted disappointing results afterward. The fund owns 7.68 percent of shares in Korean tech giant Samsung Electronics and 8.17 percent of shares in memory chip manufacturer SK hy...
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January 30, 2023
Samsung hires ex-Ericsson execs to boost network business
South Korean tech giant Samsung Electronics has hired two experts from Swedish telco Ericsson to reinforce its network business. According to industry sources on Sunday, Samsung recently established a task force under its network business division to oversee a new bus...
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January 27, 2023
Samsung’s crisis management system wins ISO certification
Samsung Electronics said Thursday that it has won the ISO 22301 certification, a global recognition for crisis preparedness at its chip-manufacturing complex in Hwaseong, Gyeonggi Province. The ISO certification, awarded by the British Standards Institution, is the internationa...
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January 25, 2023
Will Samsung, Hyundai clash over robots?
South Korea’s two major conglomerates, Samsung and Hyundai, have long been keeping their distance as they avoid competing head-on in their core businesses. But the decades-old unspoken rule may be en...gence,” said Han Jae-kwon, a robotics engineering professor at Hanyang University Eri...
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January 19, 2023
[KH Explains] How soon will microLED replace OLED?
...ng diode, or microLED, has become a buzzword in tech, as Apple -- the world’s largest consumer electronics company by revenue -- is reportedly working to use the sophisticated display technology in up...reducing the use of organic light-emitting diode displays, whose key suppliers are ...
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January 18, 2023
Korea, UAE ink $6.1b in business deals
...economic cooperation. Top governmental figures including South Korea's Finance Minister Choo Kyung-ho and Industry Minister Lee Chang-yang attended the event, along with business leaders including Samsung Electronics Executive Chairman Lee Jae-yong, SK Group Chairman Chey Tae-...
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January 18, 2023
Samsung unveils new high-end image sensor for smartphones
Samsung Electronics unveiled Tuesday its latest 200-megapixel image sensor, the Isocell HP2, with significantly improved resolution and upgraded picture quality for premium smartphones. The new image sensor packs 200 million 0.6-micrometer pixels in a 1/1.3-inch optical format,...
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January 18, 2023
Ex-Gucci CFO named head of Shinsegae International
...at & Co. According to Shinsegae International, Kim was also a senior vice president at Burberry, where he was in charge of the brand's digital commerce marketing. He further spent three years in Samsung Electronics' mobile division as the executive vice president of the Glob...
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January 17, 2023
Corporate Korea pins high hopes on $30b UAE investment
... (teamwork with UAE) to share investment information and sign partnerships," said an official from the Ministry of Finance. The meeting was attended by a slew of Korean business moguls, including Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won and Hy...
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January 16, 2023
Chaebol leaders join Yoon's trip to UAE, WEF
Top executives of Samsung, SK and Hyundai are accompanying South Korean President Yoon Suk Yeol on his state visit to the United Arab Emirates as well as to the World Economic Forum, as part of an official business delegation aimed at boosting economic cooperation. Samsung
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January 15, 2023
Global chipmakers to invest over $300m in AI-designed chips this year
... design semiconductors faster this year as a global chip shortage continues to put a strain on demand, Deloitte Korea said Friday in its report. According to the report, global chipmakers such as Samsung Electronics, Intel and Qualcomm are expected to invest this amount in AI...
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January 13, 2023
[KH explains] Apple’s move to ditch Korean displays met with skepticism
Having announced its plans to make more chips on its own, Apple, the world’s largest consumer electronics company by revenue, is now reportedly seeking to use its own displays whose supplies are heavily reliant on South Korea’s Samsung and LG. Bloomberg reported Wednesday tha...
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January 12, 2023
Samsung to unveil Galaxy S23 on Feb. 1 in San Francisco
Samsung Electronics on Wednesday sent out invites to its annual unpacking event for its new flagship Galaxy devices that will take place in San Francisco at 10 a.m. on Feb. 1. Entitled “Galaxy Unpac...andards for what’s epic. Join us as one of the first to see the new premium...
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January 10, 2023
[KH explains] Is Samsung’s robotics ambition taking shape with Rainbow stake?
Samsung Electronics recently purchased a sizeable stake in Rainbow Robotics, a local humanoid robotics company, for 59 billion won ($47 million), offering a glimpse into the South Korean tech giant’s robotics ambitions that are still under wraps. Earlier this month Samsun...
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January 10, 2023
[Herald Interview] ‘There will be always more demand for chips, displays’
LAS VEGAS – The prolonged economic recession and inflation is drawing a grim outlook for semiconductor and display industries, even for top players such as South Korea’s Samsung and LG. But Merck Electronics CEO Kai Beckmann says that companies will persist, as demand for chi...
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January 10, 2023
Broadcom pledges W20b corrective measures for abusing market power
..., including a fund of 20 billion won ($16.1 million), to support the local chip industry amid an ongoing antitrust probe into the company's alleged abuse of power against Korean clients, including Samsung Electronics. On Monday, South Korea's Fair Trade Commission unveiled th...
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January 09, 2023
[CES 2023] Samsung CEO braces for rough year
LAS VEGAS – Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said the South Korean tech giant was bracing for a rough year ahead, renewing his commitment to seeking new growth drivers in futuristic technologies such as robots and the metaverse. “Overlapping crises, i...
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January 06, 2023
[CES 2023] Samsung pins high hopes on heightened connectivity among devices
By Jo He-rim Korea Herald Correspondent LAS VEGAS -- Samsung Electronics Vice Chairman Han Jong-hee shared a detailed vision to create "calmer" connected world to heighten connectivity among device...ces that happens seamlessly. Jung Jae-yeon, executive vice president and hea...
November 26, 2024
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