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October 27, 2023
After revenue milestone, Samsung Biologics presses home its advantage
Samsung Biologics is investing in new production facilities and exploring opportunities in new business areas after milestone revenue in the third quarter. "Now is the time for us to prepare for the...00 square meters of land. While expanding its manufacturing capacity and adding new mo...
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October 26, 2023
S-Oil to import low-carbon ammonia from Saudi Aramco
...carbon ammonia can help realize zero greenhouse gas emissions and pave the way for the nation’s hydrogen industry,” said S-Oil President Ryu Yul. Separately, S-Oil is ramping up its presence in the hydrogen industry by investing in the energy solution provider Fuel Cell Innovations and seeking...
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October 26, 2023
Samsung Biologics quarterly sales hit W1tr for first time
Samsung Biologics said Wednesday it exceeded 1 trillion won ($741 million) in quarterly sales for the first time, following the operation of its fourth plant and profits generated by long-term contra...uted to upbeat earnings. As of October, its cumulative orders secured amounts to $11.8 ...
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October 25, 2023
[KH Explains] Samsung-SK rivalry heats up for future chips
Competition is heating up between South Korean chip rivals Samsung Electronics and SK hynix to take the lead in the Compute Express Link, or CXL, technology amid its ongoing High Bandwidth Memory chi... Intel, the prime developer of the new technology, was formed in March 2019. Companies ...
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October 25, 2023
Samsung Biologics to offer solutions for Kurma Partners' portfolio firms
Samsung Biologics said Tuesday it inked a partnership with Kurma Partners, a French venture capital firm specializing in financing health care companies, to offer a variety of drug-related services t...rowth of promising global biotech companies through our collaboration with Kurma Partne...
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October 24, 2023
Samsung, Hyundai ink first EV battery deal
Samsung SDI said Monday it has clinched a deal to supply electric vehicle batteries for Hyundai Motor Group – the first battery partnership between the two chaebol groups. Under the deal, Samsung SD...ai Motor official declined to further elaborate, saying, “Specific EV model...
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October 23, 2023
EcoPro seeks big leap as global battery materials maker
...mpany acquired a cathode material business from Cheil Industries, a former manufacturing unit of Samsung Group. Due to a fierce price war within the industry, the company had to shut down the precurs...oan. EcoPro then changed its key business to high-nickel cathode materials and secu...
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October 23, 2023
Samsung chief bolsters ties with Japanese partners
Samsung Electronics Executive Chairman Lee Jae-yong met with a group of top executives from Japanese electronic parts vendors for their annual meeting in Seoul, which had been suspended due to the CO... President Kim Woo-june, Samsung System LSI head Park Yong-in, Samsung
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October 22, 2023
Samsung unveils next-generation memory solutions on Memory Tech Day
Samsung, which began mass production of 12-nano DRAM in May, announced that it was developing the next-generation 11-nano DRAM to achieve the industry's highest level of integration. The firm is also...mented with a double stack structure in the ninth-generation vertical NAND, or V-NAND. ...
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October 20, 2023
Kakao faces multiple whammy as CIO arrested
...authorities surrounding Kakao have intensified, leading to a diversion of management resources,” Samsung Securities researcher Oh Dong-hwan said. In particular, industry insiders see that current ris...lso, several local brokerage firms have anticipated a poor third-quarter performanc...
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October 20, 2023
Samsung Bioepis launches Soliris biosimilar in Europe
Samsung Bioepis, a biosimilar developer under Samsung Group, said Thursday that the company has completed the launches of its hematology biosimilar Epysqli, a biosimilar close to Soliris, in three European countries, hoping to gain ground in the rare blood disease biosimilar mar...
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October 20, 2023
Samsung unveils foundry road map to lead automotive chip sector
Samsung Electronics, the world’s largest memory chipmaker, unveiled on Thursday its new global foundry business road map, with a particular focus on automotive chips. The plans were announced at Sam...tomer demands in a timely manner,” said Choi Si-young, president and head of foundry ...
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October 19, 2023
Scholars shed light on late Samsung chief’s management initiatives
A week ahead of the third anniversary of the late Samsung Group Chairman Lee Kun-hee’s death, scholars gathered at a global academic conference in Seoul on Wednesday, looking back on his management i...rcome infectious diseases, childhood cancer and rare diseases. The afternoon session ...
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October 19, 2023
Samsung Biologics expansion ahead of schedule
“Samsung Biologics may add new facilities to produce other modalities, but the company is not planning on that at least at the moment,” Lo added. To speed up the overall construction process, Samsung Biologics has chosen a modular construction method and used precast concrete...
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October 18, 2023
Uncertainties alleviated for Samsung, SK chip plants in China: trade chief
... said Tuesday that the US government’s recent decision to allow exports of its chip equipment to Samsung Electronics and SK hynix plants in China has greatly relieved uncertainties surrounding the top... of Industry and Security on Friday officially issued a rule updating general autho...
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October 18, 2023
MBK chairman makes donation to promote Korean art at New York's Met
... anniversary of the Arts of Korea gallery at the museum, along with the Korea Foundation and the Samsung Foundation of Culture. Scholarships and educational programs will help to bolster the presenta... at the Met, will be the first recipient of the position endowed by the Korea Founda...
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October 16, 2023
[KH Explains] Amazon's cloud industry plans raise fears of Korean market monopoly
...tap deeper into the Asia-Pacific market, the world's leading cloud service provider set up a new regional operation in Seoul, the 12th of this kind, in 2016. The company’s key clients here include Samsung Electronics, Hyundai Motor Group, LG Electronics, Posco and Krafton. Some indust...
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October 15, 2023
Samsung owns largest No. of Israeli subsidiaries among S. Korean conglomerates: report
Leading South Korean conglomerates with affiliates in Israel, including Samsung Electronics, are keeping a close watch on the heightened conflict in the Middle East, a report by corporate tracker Kor..., LG, and OCI -- each have one local branch in the country. The nation’s No.1 conglom...
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October 13, 2023
Samsung SDI, Stellantis to set up 2nd JV plant in Indiana
Samsung SDI said Thursday it is poised to set up a second electric vehicle battery manufacturing plant with Stellantis in the US state of Indiana. The production facility will be built by StarPlus E...the company will be securing the largest production base of EV batteries in North Ameri...
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October 12, 2023
Samsung Electronics forecasts Q3 rebound
Samsung Electronics predicted Wednesday that its operating profits in the July-September period would recover to exceed 2 trillion won ($1.5 billion) after months of efforts to elevate profitability amid memory chip slump. Samsung's third-quarter operating profits is estimated ...
December 23, 2024
