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January 05, 2023
[KH explains] Will hefty tax incentives be Korean chipmakers' savior?
...We still feel a lot of pressure. If we were to say that we want to build a semiconductor manufacturing facility in the US, we have to walk on eggshells,” the official added. Rep. Yang Hyang-ja, a Samsung Electronics executive-turned-lawmaker who leads the special panel on ch...
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January 04, 2023
Ministry plans to boost tax breaks for chip, battery, vaccine makers
...inister said. The government plans to come up with a detailed revision within this month and send it to the National Assembly for approval. The country is one of the chip powerhouses and home to Samsung Electronics and SK hynix. With the tax break scheme, it joins other coun...
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January 03, 2023
‘Seize chances to thrive in times of crisis’
...titiveness will depend on how we respond to the challenges that we face. By reshaping the management constitution and organizational culture for the future, let's make investments more actively." Samsung Electronics co-CEOs Han Jong-hee & Kyung Kye-hyun “In the battery and...
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January 01, 2023
Samsung to offer hefty bonuses to workers at chip business division
Samsung Electronics will provide a maximum of 50 percent of their annual salaries as bonuses to the employees of its chip business unit at the end of January, industry sources said Thursday. The world's biggest memory chipmaker has reportedly informed its executives and employe...
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December 29, 2022
Samsung CEOs hold rare meeting amid recession woes next year
South Korea’s largest conglomerate Samsung Group recently held a rare gathering of CEOs of all affiliates in an apparent move to ramp up preparedness for a global economic downturn next year coupled ...e hikes, according to industry sources on Wednesday. The high-level meeting was conve...
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December 29, 2022
Genshin Impact-themed Samsung foldable phones sell out in 14 minutes
Genshin Impact, an open-world action role-playing game, or RPG, has demonstrated its popularity once again as the game-inspired Samsung Electronics foldable smartphones and earbuds sold out shortly after they went on sale last week. According to Chinese game and animation studi...
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December 28, 2022
Samsung drives 63% surge in foldable phone sales in 3Q: report
Global shipments of foldable smartphones shot up more than 60 percent in the third quarter this year, despite the stagnant smartphone market, owing to high sales of Samsung Electronics’ foldable devices, according to industry tracker Counterpoint Research on Tuesday. From July...
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December 26, 2022
'Half-baked' chips act falls short of drastic corporate tax cuts
...nal Assembly on Friday passed the revision bill to the Restriction of Special Taxation Act, which raised the corporate tax break for facility investment to 8 percent for large corporations such as Samsung Electronics and SK hynix, from the previous 6 percent. Tax breaks for m...
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December 23, 2022
SK Group chairman: Chip market's downturn will continue, but not for long
...miconductor industry as a whole will face a hard time, but I don't think it will last that long,” he said. The conglomerate’s flagship SK hynix is the world's second-largest memory chipmaker after Samsung Electronics and the world's third-largest semiconductor company. In t...
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December 21, 2022
Samsung chief heading to Vietnam to inspect new R&D center
Samsung Electronics Chairman Lee Jae-yong is expected to head to Vietnam this week to celebrate the completion of the company’s new research and development center, according to industry sources on T...ct the center’s construction site in 2020. During the trip, Lee also visite...
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December 20, 2022
Samsung, SK hynix to face grim Q4 due to weak demand: report
South Korea's leading semiconductor makers Samsung Electronics and SK hynix face a grim outlook in their fourth quarter sales due to sluggish demand for memory chips, a report said on Monday. In a report, Daol Investment and Securities forecast that Samsung Elect...
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December 20, 2022
[Feature] Unstaffed stores with ever-changing prices offer glimpse of future
...'s expiration date, remaining stock and the local district's demand for the product. Applying the visible light communication technology to a convenience store helped the startup be selected as a Samsung Electronics' in-house venture program. With help from the Korean tech b...
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December 19, 2022
Top executives of S. Korean conglomerates join CES, WEF next year
...ticipate in upcoming global business events, such as the World Economic Forum and the Consumer Electronics Show next year in a move to get face-to-face contact with their industry peers. So far, only...es for executives from the country's top five conglomerates to join the WEF next yea...
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December 19, 2022
Samsung, BMW chiefs ramp up EV battery alliance
Chief executives of Samsung Electronics and BMW Group, two leading business moguls in tech and automotive industries, met on Saturday to strengthen their electric vehicle battery alliance. Samsung Electronics Chairman Lee Jae-yong met with BMW Group Chairman...
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December 19, 2022
Retail Investors' top 10 shares log negative return rates
Korea's top 10 most popular stocks among retail investors, including tech titan Samsung Electronics and internet giants Naver and Kakao recorded negative return rates this year, as shares end lower o...ght by individual investors in Korea were Samsung Electronics<...
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December 13, 2022
Samsung to hold global strategy meeting amid business uncertainties
Samsung Electronics, which completed its annual executive reshuffle Friday, will embark on a global strategy meeting starting this week to establish business strategies for next year amid persistent ...fter Samsung Group’s de facto leader Lee Jae-yong took office as e...
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December 12, 2022
Vietnam at the center of Samsung’s renewed R&D push
HANOI, Vietnam – Gone are the days when Vietnam served as a cheap manufacturing base for global companies. Samsung Electronics, among others, have more recently been investing heavily to nurture a new research hub there. Ahead of the opening of its new research and development...
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December 12, 2022
24 Korean firms named to Dow Jones' sustainability index
KB Financial has made it on the list for the seventh year, while Samsung Group’s construction unit Samsung C&T Corp. has been included on the list for six years straight. Kakao, Samsung Biologics and...lectro-Mechanics, Shinhan Financial, SKT, LG Household & Health Ca...
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December 08, 2022
Vietnam’s industry minister urges energy, resource investment from S. Korea
...ember, and are expected to record $90 billion by the end of this year and $100 billion next year.” The minister pledged to actively communicate with some 9,000 South Korean companies -- including Samsung Electronics, Hyundai Motor Group and Daewoo E&C -- and address any grie...
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December 07, 2022
Samsung, Naver team up to develop AI chips
Samsung Electronics said Tuesday that the company will collaborate with local internet giant Naver to develop next-generation semiconductor solutions for advanced artificial intelligence systems. Th...n power consumption as well. Naver's scope of hyperscale AI technology will ...