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August 26, 2022
Samsung, Gates Foundation complete Reinvent the Toilet project
Samsung Electronics said Thursday it celebrated the completion of the Reinvent the Toilet project that has been conducted over the past three years in collaboration with the Bill & Melinda Gates Foundation. The Gates Foundation launched the “RT” project in 2011 with an aim to...
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August 24, 2022
Big businesses in Korea see 50% surge in inventory
...oducers including Posco and Hyundai Steel recorded a cumulative 14.1 trillion won worth in stock in the first half, up 66.2 percent on-year from 8.5 trillion won. The information technology and electronics sector recorded a 60.8 percent increase to 50.4 trillion won. The inventory hel...
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August 24, 2022
Nearly one-third TVs sold worldwide made by Samsung
Samsung Electronics continued its winning streak in global TV sales, selling nearly one-third of TVs across the world in the first half, according to market tracker Omdia on Tuesday. In the first six months of this year, 92.6 million units of TVs worth $475 million were sold gl...
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August 24, 2022
LG Display to release mid-sized OLED panels for gaming monitors
...ght to focus on the growing demand for high-end gaming monitors. In the first half of 2022, LG Electronics, a major TV set client of LG Display, saw its shipment of the smallest OLED TV lineups -- 42-...e with more vivid colors and smoother display than light-emitting diode panels. Cro...
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August 23, 2022
Samsung to expand Bespoke lineup in Europe
Samsung Electronics said Monday it is unveiling a wider lineup of its Bespoke home appliances at the upcoming IFA trade show in Germany in a renewed sales push in the European market. The Bespoke brand, launched in 2019, has been at the forefront of a revamped strategy for
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August 23, 2022
Samsung to offer free repairs of over 90,000 defective washing machines
South Korean consumer electronics manufacturer Samsung Electronics has begun to offer free repairs of its defective front-load washing machines whose doors are prone to explode for Korean consumers, according to consumer watchdogs on Monday. The organizations, the Kor...
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August 22, 2022
Korean chipmakers’ reliance on China jumps 13-fold over 20 years
...t economy’s total exports to China last year, a surge from 3.2 percent in 2000, said the Korea Chamber of Commerce and Industry, a major business lobby that represents some 300 companies including Samsung Electronics and SK hynix, the world’s top two memory chipmakers. “Ko...
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August 22, 2022
Hyundai Steel bets big on waste recycling in ESG push
...w excrement-based fuel will have the environmental effect of reducing 1.5 tons of greenhouse gas, while helping to reduce reliance on imported raw materials. Hyundai Steel has also teamed up with Samsung Electronics on recycling wastewater sludge generated in the process of s...
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August 22, 2022
Samsung Electronics Lee launches activities after pardon
Samsung Electronics vice chairman Lee Jae-yong revived his management activities by participating in the groundbreaking of a new semiconductor research and development complex in Yongin, Gyeonggi Pro...aid, “If there had been no drastic research and development investments in n...
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August 18, 2022
Full-fledged succession looms after pardon for Samsung’s Lee Jae-yong
Samsung is envisioning a change in governance structure as a presidential pardon has virtually normalized de facto leader Lee Jae-yong’s control over the nation’s largest conglomerate. Lee Chan-hee,...on with Lee assuming the leadership role, in part by introducing a holding company th...
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August 18, 2022
[From the scene] Seoul’s first Formula E race leaves much to be desired
... not live up to the name value of the global race. Only a number of companies, such as carmakers Porsche and Mercedes-Benz, set up promotional booths, as other global firms including ABB, DHL and Samsung Electronics used the experience zone to showcase their latest devices. ...
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August 18, 2022
Galaxy Watch5 adopts most advanced sleep tracking: Samsung exec
Samsung Electronics’ newest smart wearable device -- the Galaxy Watch5 series -- offers the world’s most advanced sleep-tracking technology, Executive Vice President Yang Tae-jong said in a press con...g laid out the three pillars -- innovation, connectivity and cooperation --...
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August 18, 2022
Foreign holdings of Korean stocks hit 13-year low
... on average, compared with gains of 6.48 percent and 6.22 percent achieved by foreign investors and institutions, respectively. The Kospi soared 9.07 percent in the same period. Market bellwether Samsung Electronics was the No. 1 choice for individual investors, while battery...
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August 17, 2022
Pardon clears way for Lee to fill Samsung’s leadership void, spur investment
President Yoon Suk-yeol’s decision to grant a special pardon on Samsung heir Lee Jae-yong on Friday is expected to speed up his return to leadership of Korea’s largest family-controlled chaebol and t...en the door for the 54-year-old third-generation chaebol chief to be promoted to the ...
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August 17, 2022
[SOFT POWER RISING] From fast chasers to drivers of national brand
The first Samsung product that Richard Craig, a 37-year-old American living in Tianjin, China, owned was a 42-inch flat screen TV he bought in 2009 in the US. Ten years later, the longtime iPhone use...products, the tech giant said. One in every 5 smartphones in the world is also made by ...
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August 11, 2022
[Newsmaker] Samsung foldables to get chipset upgrade
Samsung Electronics, a chips-to-smartphones company, said Wednesday it plans to roll out its clamshell Galaxy Z Flip 4 and foldable Galaxy Z Fold 4 on Aug. 26 in South Korea, the United States and Europe. Both the Z Flip 4, a more affordable version of the Samsung pre...
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August 11, 2022
Samsung suffers heavier taxes, hiring costs than TSMC: think tank
The heavier burden of corporate taxes and cost per hire are weighing on South Korean chipmaking giants like Samsung Electronics, indicating the unfavorable conditions leave them behind competitors like Taiwan-based TSMC amid intensifying semiconductor competition worldwide, acco...
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August 10, 2022
Floods ravage Seoul area shopping malls, hospitals
... and a Starbucks at the Starfield Coex Mall, Gangnam-gu, were bombarded with rainwater from both Samsung Station Line No. 2 and Bongeunsa Station on Line No. 9. Leakage from the ceiling soaked books ... deploying pumps in the habitually flooded sectors,” said an official from LG Chem....
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August 10, 2022
Korea to draft frequency spectrum plan to support EV, UAM
...ization while minimizing such concerns. The ministry previously held a roundtable with industry leaders of information and communication technology at the end of July. Companies including Samsung Electronics, Hanwha Systems, Hyundai Motor Group and Naver Cloud demanded change...
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August 09, 2022
Tech giants deploy NFT to diversify customer services
Industry behemoths are utilizing non-fungible tokens not only as a marketing tool but also to provide more diverse services to their customers, according to industry insiders on Monday. Samsung Electronics has signed a memorandum of understanding with Samsung Digital ...
November 26, 2024
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