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November 08, 2022
ASML CEO to visit Seoul next week
...yeonggi Province, that aims to bolster responsiveness to local client demands. Korea is home to Samsung Electronics and SK hynix, the world’s top two memory chipmakers, which take up more than 30 per...s outlook in the Korean market. Close attention is also being paid to hi...
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November 06, 2022
Samsung appoints trade, energy specialists as new outside directors
Samsung Electronics on Thursday held an extraordinary shareholders meeting – the first in six years – to appoint two outside directors – Yoo Myung-hee, a former trade minister, and Heo Eun-nyeong, an economics professor. Yoo served as the nation’s top negotiator for free tr...
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November 03, 2022
Proxy battle looms at Samsung as Lee Jae-yong tightens grip
Lee Jae-yong’s formal ascension to the top seat at Samsung Electronics, the crown jewel of the nation’s largest conglomerate, is fueling speculation about potential changes in the founding family’s g...lder of Samsung Electronics with an 8.51 percent stake...
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November 02, 2022
Samsung Electronics marks 53rd anniversary in low-key
Samsung Electronics on Tuesday marked the 53rd anniversary of its foundation in a toned-down event, out of respect for the victims of the recent deadly Itaewon crowd crush. The annual event, held at a convention center in Suwon, Gyeonggi Province, is typically one of the Korean...
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November 02, 2022
Samsung's W130tr market cap evaporates in 10 months
Sixteen affiliates of South Korea's No. 1 business conglomerate Samsung have seen a drop in stock market cap by 129.36 trillion won ($90.78 billion) combined during the period of January to October, ...total market cap of 541.8 trillion won as of Friday. Most of the losses stemmed from t...
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November 01, 2022
SK hynix says Arm stake acquisition 'not underway'
...oftBank VisionFund. Arm had been forced to cut down its staff as its parent had recorded an all-time-high quarterly loss of $23 billion during the April-June period. In the latest saga, heads of Samsung Electronics, a crosstown chip rival of SK hynix, came together with repr...
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October 31, 2022
Korean electronic firms lag behind in renewable transition
South Korean electronics giants are facing calls to accelerate renewable transition and set up climate goals across the supply chain, despite earlier pledges to go carbon neutral across their operati...eport Friday by environmental group Greenpeace and grassroots organization Stand.earth,...
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October 28, 2022
Taking Samsung’s top post, Lee Jae-yong vows to seek out transcending technology
Samsung Electronics Vice Chairman Lee Jae-yong has been promoted to chairman of the world's largest chipmaker and smartphone maker, ending a high-profile succession process that took more than three ... C&T, its de facto holding company, holds a 5.01 percent stake. Samsung<...
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October 28, 2022
Samsung's operating profit falls 30% amid bleak outlook
Samsung Electronics' operating profits dropped by more than 30 percent on year, despite record sales, amid the weakening business environment in the semiconductor sector. According to Samsung Electronics on Thursday, the company logged 76.78 trillion won ($5...
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October 28, 2022
Lee Jae-yong’s succession completes generational shift in Korea's chaebol circle
Samsung Electronics chief Lee Jae-yong’s promotion to executive chairman on Thursday completes the generational power shift among South Korea’s four major chaebols. Lee, 54, is a third-generation chaebol scion, like Hyundai Motor's Chung Euisun who is two years younger. SK's ...
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October 27, 2022
Korean tech giants brace for geopolitical uncertainties amid bleak outlook
South Korean electronics giants are bracing for uncertainties across the board, with some leading exporters mapping out belt-tightening plans to address the situation that some have described as grav...ice and efficiency may no longer work." Such external risk factors are also dragging o...
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October 26, 2022
Samsung still tight-lipped on Lee Jae-yong's succession
A memorial service honoring the late Samsung Electronics Chairman Lee Kun-hee was held Tuesday, without a major announcement made by the electronics giant in regards to a succession plan for his son ...nniversary were executives of Samsung, including Sam...
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October 25, 2022
Chip firms invested 10 times more in China than US: lawmaker
...ar more in China than the US, an opposition lawmaker said Monday. According to data handed over to Rep. Kim Hoi-jae of the Democratic Party of Korea by the Ministry of Trade, Industry and Energy, Samsung Electronics invested $3.8 billion in the US market between 1997 and 2020...
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October 25, 2022
Korean chipmakers suffer decline in market cap, profitability
... from Chinese rivals and a heavy tax burden, data showed Monday. Of the world's top 100 chipmakers in the world by average market cap from January to September period, only three local players -- Samsung Electronics, SK hynix and SK Square -- were listed, according to the Fed...
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October 23, 2022
FuriosaAI to begin producing first silicon chip in November
...-produce its first-generation product beginning later this year, its Chief Executive Officer June Paik said Thursday. The semiconductor product, dubbed Warboy, will be mass-produced in tech giant Samsung Electronics' chip plant, using Samsung's 14-nanometer node wit...
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October 20, 2022
[KH Biz Forum] Technology to empower humanity in new digital age
...ormation and bet on what the future holds is on the horizon, Dietz said. Prime Minister Han Duck-soo, Science and ICT Minister Lee Jong-ho, Seoul Mayor Oh Se-hoon and Rep. Yang Hyang-ja, a former Samsung Electronics executive who chaired a special committee on raising Korea’...
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October 19, 2022
The Korea Herald kicks off forum on technology reshaping humanity
... Institute, will lay out challenges and opportunities for mRNA vaccines. Prime Minister Han Duck-soo, Science and ICT Minister Lee Jong-ho, Seoul Mayor Oh Se-hoon and Rep. Yang Hyang-ja, a former Samsung Electronics executive who chaired a special committee on raising Korea’...
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October 18, 2022
Samsung opens remote offices to boost hybrid working
South Korean tech giant Samsung Electronics announced Monday it has opened six shared working spaces to nurture a hybrid work environment and flexible work culture. Two of the six spaces are located outside Samsung offices, in Seoul and Daegu, and the other four in Su...
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October 17, 2022
Samsung digital wallet service to arrive at 13 more countries
Samsung Wallet, a digital wallet and digital certificate platform known as Samsung Pay in South Korea, will become available in 13 more countries by the end of this year, tech giant Samsung Electronics announced Friday. The service will be expanded to Bahrai...
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October 14, 2022
Samsung Electronics top stock held by Yoon officials
Samsung Electronics stocks were the most popular among senior officials serving as vice ministers or in higher positions for the Yoon Suk-yeol administration, according to a local data firm report released Thursday. According to Leaders Index, 67 out of 118 officials revealed i...
November 26, 2024
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