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September 18, 2023
Deutsche Bank to inject 150m euro into Seoul branch
... include Shinhan Financial Group Chairman Jin Ok-dong, Woori Financial Group Chairman Yim Jong-yong, Mirae Asset Securities Chairman Choi Hyun-man, NH Investment & Securities CEO Jeong Young-chae, Samsung Life Insurance CEO Jeon Young-muk and Korean Re CEO Won Jong-gyu. Also, throughou...
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September 18, 2023
‘Korean battery makers to catch up with Chinese rivals by 2025’
...sday. “Due to China-made low-priced lithium iron phosphate (LFP) batteries, LG Energy Solution, Samsung SDI and SK On’s combined market share worldwide dropped from 30.4 percent in 2021 to 23.8 perce...the cited period. The CEO projected that the operating profit margin for LG Energ...
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September 18, 2023
Samsung secures upper hand in patent fight against BOE
Samsung Display has gained an upper hand in its legal fight over patent infringement against its Chinese rival BOE Technology, as the US trade agency backed the Korean firm's claims. On Monday, the ...it a month after the investigation was announced. BOE has fought back, filing a lawsui...
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September 18, 2023
S. Korea becomes EU’s 7th-largest source of imports: KITA
...ts of finished products and parts decreased in the period. However, Korea’s exports of battery materials to Poland and Hungary increased, as Korea’s top three battery makers -- LG Energy Solution, Samsung SDI and SK Innovation -- run battery plants in the two Eastern European countrie...
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September 13, 2023
Samsung SDS unveils generative AI model for corporate clients
South Korean IT solutions provider Samsung SDS unveiled new services that will allow its clients to easily adopt generative artificial intelligence in their businesses to improve work productivity, w... but large language models (LLMs) have paved the way for a true hyperautomation of offi...
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September 12, 2023
[KH Explains] Hyundai Motor feels cost pinch of ‘French IRA’
...th its battery partners that are building production facilities in Europe and ask their support in reducing CO2 emissions in the manufacturing process,” he said. Currently, LG Energy Solution and Samsung SDI operate three battery cell production plants in Poland and Hungary, adjacent ...
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September 11, 2023
Tax revenue falls on sluggish corporate earnings
...tems from the weakened economy. Korea is largely dependent on corporate taxes, which take up an average of 22 percent of the total national tax income since 2020. For instance, Korea’s tech giant Samsung Electronics paid 241.2 billion won in corporate taxes in the first half of 2023. ...
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September 11, 2023
Samsung’s H2 open recruitment to start Monday
Samsung Group, South Korea’s top conglomerate, announced Sunday that its official recruitment in the latter half of this year will start Monday, with 20 affiliates joining the massive hiring drive. ... key affiliates include Samsung Electronics, Samsung Display,
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September 08, 2023
M360 APAC makes Seoul debut to explore digital-first future
...boration.” Other major keynote speakers at this year’s M360 APAC include Park Yun-kyu, second vice minister of South Korea's Ministry of Science and ICT; Kim Woo-june, head of networks business at Samsung Electronics; China Mobile Chairman Yang Jie; Globe Group President Ernest Cu; a...
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September 07, 2023
Samsung CEO confident in competing against TSMC
Samsung Electronics co-CEO Kyung Kye-hyun, who oversees the tech giant’s chips business, expressed confidence in the foundry competition with its archrival, Taiwan Semiconductor Manufacturing Co., in... Seoul National University on Tuesday to deliver a special lecture, titled “Dream & H...
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September 06, 2023
[Herald Interview] Mercedes-Benz focused on enhancing EV technologies
...y to put the best ideas together and try to find the best combination between our recipes and what the partner has to offer,” he said. Schafer did not rule out the possibility of cooperating with Samsung SDI for EV batteries in the future. “We are interested in any innovation on top...
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September 06, 2023
[From the scene] Samsung shows off end-to-end automotive solutions at IAA 2023
MUNICH -- Samsung Electronics, the world’s No. 1 memory chip and smartphone maker, made its official debut at an international motor show, renewing its automotive ambitions as a “total solutions prov...which kicked off Tuesday in Munich, Germany. In Hall B1 at the Messe Munchen exhibit...
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September 06, 2023
[KH Explains] Pressure mounts on Korean battery makers to raise wages in US
...d General Motors, has recently agreed to raise workers' wages at its Ohio battery plant, leaving Samsung SDI and SK On on high alert for the possible need to increase wages at their joint plants with ...n of a total of six joint EV battery plants in North America. LG and GM’s settleme...
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September 05, 2023
Samsung works on energy-saving chips for home appliances
BERLIN -- Samsung Electronics revealed it is developing a new neural processing unit chip for home appliances featuring artificial intelligence, to support them to run on ultra-low energy, at this ye...nd studying user patterns," Yoo Mi-young, vice president leading the home appliances di...
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September 05, 2023
[KH explains] Seoul's office real estate robust despite 'apocalypse' fears
...cally, there have been a number of big deals,” said Chow, citing recent deals involving Mastern, Samsung SRA and Singapore’s GIC. “Given the relatively low vacancy across the whole of Seoul, and the ...a local real estate investment firm said on condition of anonymity. Lee Kyung-ja...
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September 04, 2023
Samsung will cement premium market leadership: TV chief
BERLIN -- While the global TV market struggles to move beyond the COVID-19 pandemic, Samsung Electronic said it will strengthen its leadership in making larger and more higher-end TVs, as the market ...ch as TCL and Hisense have caught up to introduce a wide lineup of mini LED TVs matchin...
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September 02, 2023
Renault Korea CEO aims high with hybrids
...hange its logo from a typhoon to its signature rhombus-shaped symbol, which has seen growing preference from Korean customers, the CEO said “nothing is decided yet.” Renault Korea has used the typhoon logo since 2000, when Samsung acquired the Korean unit. It has not changed the logo...
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September 02, 2023
Corning starts producing bendable glass in Korea
...onference was also to celebrate its 50 years of business here. The US firm entered the Korean market in the early 1970s with consumer products and TV technology, thanks to its partner of 50 years, Samsung, allowing it to stay in the TV business across the region. The chairman showed ap...
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September 02, 2023
Samsung, LG to boast enhanced connectivity at IFA
... this year’s IFA, Europe’s biggest home appliances trade show, two of South Korea’s tech giants, Samsung Electronics and LG Electronics, are set to showcase their latest premium products that maximize...lete their laundry loads in one step, as well as saving space in their homes. TV...
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August 31, 2023
[KH explains] Chipmakers reach out to undergraduates to tackle talent shortage
...dustry as national security assets. South Korea, home to the world’s top two memory chipmakers, Samsung Electronics and SK hynix, is no exception. Amid their big push for global expansion, the tech g...ments" where they provide financial support and promise the graduates a job in thei...
December 23, 2024
