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December 07, 2022
Samsung chief inspects Barakah nuclear plant site in UAE
Samsung Electronics said Tuesday Chairman Lee Jae-yong visited a Samsung C&T construction site of a new nuclear power plant in the United Arab Emirates and encouraged workers there. The construction... construction site, Lee was also briefed on local operations and st...
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December 07, 2022
Samsung promotes execs in 30s, 40s in push for change
Samsung Electronics on Tuesday promoted a total of 187 executives in a year-end reshuffle, including young leaders in their 30s and 40s, in an apparent attempt to push for change amid business uncertainties next year. The total number slightly decreased from last year’s 198, b...
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December 04, 2022
Korean won strengthens after Fed hint at smaller rate hike
...s opened higher Thursday with the benchmark Kospi hitting 2,500 points for the first time in more than three months. It eventually closed at 2,479.84 won. Market heavyweights including tech giant Samsung Electronics led the boost on the Kospi shortly after the stock market op...
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December 04, 2022
Samsung chief's public image improves: poll
One month after Lee Jae-yong was promoted to the top post at Samsung Electronics, South Koreans are found to have a more favorable view of him than before, data showed Thursday. According to research firm Data&Research, a total of 18,335 online posts, excluding news reports, fe...
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December 01, 2022
Samsung foldable phone sales double
Samsung Electronics said Wednesday sales of its foldable phones for corporate use more than doubled on-year, partly because more companies have adopted remote working policies in the wake of the COVID-19 pandemic. From January to October, sales of Galaxy Z Fold and Galaxy Z Fli...
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December 01, 2022
Foreign investors snap up tech shares
...ery and related tech firms, which are big players in the local stock market. Market heavyweight Samsung Electronics took the lead with foreigner investors buying 1.97 trillion-won worth of shares, fo...from September, before it slightly fell to 8.74 percent in November. With...
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December 01, 2022
Samsung to expand 5G network solution supply to Japan's NTT Docomo
Samsung Electronics said Wednesday it will boost the supply of 5G network solutions to Japan’s No. 1 mobile operator NTT Docomo. After being chosen as a 5G network solution provider for Docomo in Ma...opment department Masafumi Masuda said the Japanese telecom firm has realize...
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November 25, 2022
LG H&H replaces CEO with 1st female leader
... a statement that Lee and Kim were the first female CEOs among the major business groups here -- Samsung, SK, Hyundai Motor and LG -- excluding chaebol family members. LG also revealed that its number...s announcement, double that of 2018's 29. Alongside Lee and Kim, promoted to presid...
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November 25, 2022
[Newsmaker] Long-awaited insurance bill reignites debate on Samsung’s ownership structure
... over time as the investment target's market value goes up. In case the bill passes parliament, Samsung Electronics shares worth over 21 trillion won ($15 billion) should be floated on the stock mark...ercent common shares in Samsung Electronics, whereas <...
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November 21, 2022
Samsung tops global brand ranking, outpacing Google, YouTube
South Korean tech giant Samsung Electronics was ranked the highest in United Kingdom-based market research firm YouGov's annual Global Best Brand Rankings in 2022, data showed Sunday. Of 380 brands ...markets polled put Samsung on their respective top 10 lists of glob...
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November 20, 2022
Saudi crown prince's visit brings $30b in busines deals
...energy consortium that comprises Korea Electric Power, Korea National Oil, Korea Southern Power, Samsung C&T and Posco signed an agreement with Saudi Arabia's Public Investment Fund to build a $6.5 bi...ga-sized opportunities in the sectors of infrastructure, mobility, robotics and ener...
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November 20, 2022
Industry steps up lobbying as Korea eyes way out of US inflation act
...n to 80 percent in 2027. A week earlier, Korean battery makers -- LG Energy Solution, SK On and Samsung SDI -- urged the US Internal Revenue Service to push back the timeline, as part of public input...s. “Not only did we throw support behind the Indo-Pacific Economic Framework but c...
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November 20, 2022
Royal suite and 400 rooms: No expense spared for Saudi crown prince's visit
...bian Crown Prince Mohammed bin Salman is known as the “unofficial world’s richest man.” His estimated fortune is said to exceed some 2 trillion dollars. He is scheduled to hold a tea meeting with Samsung Electronics Chairman Lee Jae-yong, Hyundai Motor Group Chairman Chung...
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November 20, 2022
S-Oil makes $7b Shaheen petrochemical project official
...rcent shares in the refiner. The announcement comes as Saudi Arabian Crown prince Mohammed bin Salman was visiting Seoul to hold talks with President Yoon Suk-yeol and business leaders, including Samsung Electronics Chairman Lee Jae-yong, to develop economic ties between the ...
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November 17, 2022
Conglomerates asked to pledge big for Busan Expo bid
...gest business lobby here, the “special membership fees” were decided based on discussions with the companies during a general assembly in September, with their asset value being the key criteria. Samsung Group has pledged to pay 7 billion won, including 4.7 billion won paid by its cr...
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November 16, 2022
Smilegate founder’s divorce could affect ownership
...ge in Smilegate’s ownership, sources said. According to Forbes, Kwon’s assets are worth some $6.85 billion, taking place as the fifth richest person in Korea, following Kakao founder Kim Beom-su, Samsung Electronics Chairman Lee Jae-yong, MBK Partners Chairman Kim Byung-ju ...
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November 16, 2022
Microsoft CEO discusses cooperation with SK, NCSoft chiefs
...the Microsoft CEO delivered his keynote speech at the company’s developer conference on how digital has become imperative. The trip to Korea marked Nadella’s first visit in four years. Nadella was also expected to meet Samsung Electronics Chairman Lee Jae-yong during his st...
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November 16, 2022
ASML to strengthen foothold in Korea: CEO
...ce. “Our semiconductor business has a road map in a very close context with our partners in Korea. The road maps with our customers extend beyond 2030,” he added. Headquartered in Hwaseong, near Samsung Electronics’ semiconductor factory, ASML Korea operates local offices...
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November 10, 2022
Samsung not interested in slidable phones: analyst
Foldable phones may have prompted the demand for devices with an expandable screen, but Samsung Electronics seems not interested in slidable phones due to lukewarm marketability, an analyst said Wednesday. “The market for foldable phones overlaps with that for slidable phones....
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November 08, 2022
US expansion matter of when, not if: Samsung Biologics
Samsung Biologics, the world's leading contract development and manufacturing organization by production capacity, is reviewing overseas expansion options with a determined will to set up a productio... "The US expansion is happening eventually. It's not about 'if.' It's about 'when,'" Ja...
November 26, 2024
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