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August 10, 2023
Hyundai Motor outpaces Samsung in economic impact for 1st time: data
Hyundai Motor Group’s economic impact on South Korea's economy outpaced that of Samsung Electronics for the first time last year, data showed Wednesday. The combined economic contribution of Hyundai...ffiliate Kia came to 164.6 trillion won ($124.7 billion), going beyond the 148.1 trill...
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August 09, 2023
Samsung’s latest foldable phones set preorders record at home
Samsung Electronics’ new foldable smartphones -- the Galaxy Z Flip 5 and Fold 5 -- have yet to be launched, but preorder figures suggest that they are likely to be a super hit. The South Korean tech...nd Fold 5 went pretty well despite difficult conditions such as the global economic do...
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August 09, 2023
Hanwha boasts highest number of overseas units among chaebol rivals
... Tuesday. Hanwha, the nation’s seventh-largest conglomerate, outpaced its bigger rivals such as Samsung, SK and Hyundai Motor. In particular, the number of affiliates in the US jumped by 45 to 241, w...-largest conglomerate, was running a total of 598 overseas units, up by 57 from a y...
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August 08, 2023
Korean companies offer support for Scouts
Samsung dispatched about 150 employees to the Saemangeum campsite area on Monday to help clean up. Over the weekend, the group sent an 11-member medical team from Samsung Medical Center and supplied portable toilets, electric carts and sports drinks. Hyundai Motor also provided...
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August 08, 2023
Samsung-backed Rainbow Robotics to co-develop firefighting robots
...robotics technology into other public safety areas in the future,” a Rainbow Robotics official said. Rainbow Robotics was founded by a research team at the Korea Advanced Institute of Science and Technology Humanoid Robot Research Center in 2011. Samsung Electronics is the second-larg...
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August 07, 2023
[KH Explains] Competition heats up in foldable phones
Competition over the growing foldable smartphone market is growing fiercer, as Samsung seeks to maintain the market dominance it has enjoyed since the launch of its first foldable phone in 2019, whil...g a press conference held in Seoul on July 28, following the Samsung Galaxy U...
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August 06, 2023
Hyundai Card tops brand reputation among credit cards in August
Hyundai Card topped the brand reputation chart in August, followed by Shinhan Card and Samsung Card, in a monthly ranking announced by Korea Corporate Reputation Research Institute on Friday. The in...utive months since last October. Shinhan Card followed in the list in second place, fo...
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August 06, 2023
Hotel Shilla CEO Lee Boo-jin becomes director of family-run scholarship foundation
... appointed as the director of the Dooeul Scholarship Foundation, local reports said Friday. The Dooeul Scholarship Foundation was established in commemoration of Park Doo-eul, the late founder of Samsung Lee Byeong-cheol’s wife in 2000. Lee In-hee, an advisor to Hansol Group and an e...
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August 04, 2023
[KH Explains] Inheritance tax reform postponed amid criticism over 'silver spoon'
...Nexon’s holding company, to the Finance Ministry in late May. In turn, the Korean government became the second-largest shareholder of the company. Even the ownership families of local tech giants Samsung and LG Group have taken out stock loans to pay the inheritance tax. Some even sel...
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August 04, 2023
Hyundai Motor invests $50m in Canadian AI chip startup Tenstorrent
...ogy for future mobility. Tenstorrent recently closed a $100 million strategic funding round, for which Hyundai and its smaller affiliate Kia shelled out $30 million and $20 million, respectively. Samsung Catalyst Fund, Samsung Electronics’ evergreen multi-stage venture capit...
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August 03, 2023
Samsung Bioepis considering takeover of Biogen's unit: reports
Samsung Bioepis is considering acquiring a biosimilar business unit of Biogen for around 1 trillion won ($775.3 million) to improve its presence in the US market, according to local reports on Wednes... Aduhelm failed its first offering. Biogen is a Massachusetts-based biotech firm partn...
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August 02, 2023
[KH explains] Japan’s reviving chip industry unlikely to pose direct threat to Korea – for now
... chip industry and attract global chip giants such as Taiwan Semiconductor Manufacturing Co. and Samsung to its soil. In June 2021, soon after it succeeded in attracting TSMC to build its first semic...hat are to launch either production fabs or research and development institutes, inc...
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August 01, 2023
[KH Explains] Users abandoning Meta's Threads after explosive start in South Korea
...e Group Vice Chairman Chung Yong-jin and Hyundai Card Vice Chairman and CEO Chung Tae-young, were some of the first Threads users, as well as governors and politicians. Major conglomerates such as Samsung Electronics, Hyundai Motor and Nongshim also opened accounts. X’s competitor or ...
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July 31, 2023
Battery stocks’ volatility leaves investors reeling
...rcent in the same period.” “While there have always been major shares that led the market and investor frenzy for certain sectors, the share flow in July was extreme,” analyst Shin Seung-jin from Samsung Securities said. “This is a time in which investor sentiments and program tra...
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July 28, 2023
Samsung logs W4.3tr profit loss in chips, predicts recovery in H2
Samsung Electronics, the world’s largest memory chip maker, said Thursday it will further slash memory chip production and gear up to respond to the rising demand for artificial intelligence-related ... of a recovery in demand, while also enhancing the completeness of the Gate-All-Around...
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July 27, 2023
Battery stock frenzy drives Kosdaq volatility
...s, short sellers rush to cover their positions, leading to a rapid acceleration of the stock's price increase as they try to limit their losses. Additionally, in a recent report published Friday, Samsung Securities said that EcoPro has a strong probability of being added to the MSCI Ko...
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July 27, 2023
Samsung Biologics posts all-time-high earnings for H1
Samsung Biologics said Wednesday that the company’s earnings in the first half reached all-time highs, with 1.59 trillion won ($1.23 billion) in sales and an operating profit of 445.2 billion won, supported by a solid contract-winning spree. Compared with the first half of last year,
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July 27, 2023
Samsung's new foldable phones return with upgraded hinges, bigger screens
...ecome more convenient, such as selecting an image from the Gallery app with one hand and opening Samsung Notes with the other hand to easily paste an image. The hidden pop-up function allows the user...customers who purchase the new foldable devices from the company’s official online ...
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July 27, 2023
[From the Scene] Samsung's new foldable phones unveiled in festive mood in Seoul
Samsung touted the compact design, a variety of customizable features and drastic improvements to the overall functions of its latest foldable smartphone series. In particular, the display‘s new water drop-style hinge design, called the “Flex Hinge,” makes the new phones thinner than t...
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July 26, 2023
New AI alliance launched
...tions and over 400 domestic firms, including 20 major companies. Some notable players among industry representatives include Hyundai Motor Group, LG Electronics, Hyundai Steel, LG Energy Solution, Samsung SDS and SK C&C. The ministry said it is expanding and reorganizing the existing I...
December 23, 2024
