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July 26, 2023
[Exclusive] BTS’ Suga to appear at Samsung's Galaxy Unpacked event in Seoul
Suga of K-pop phenomenon BTS is set to participate in Samsung Electronics' upcoming Galaxy Unpacked event, which will be the tech giant’s first unveiling of its flagship phones at home, according to ...oldable products. In July 2020, the company launched the Samsung Galaxy S20 ...
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July 25, 2023
[KH explains] Why is Korea going for a second legal bout with Elliott?
...ile a suit to reverse an international tribunal's order to pay some $108 million in damages to the hedge fund. At the center of the protracted legal battle is the controversial 2015 merger of two Samsung Group affiliates -- Samsung C&T and Cheil Industries. Elliott, a minori...
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July 25, 2023
Samsung SDI, Stellantis to build second joint EV battery plant in US
Samsung SDI said Monday it is poised to build a second electric vehicle battery manufacturing plant with Stellantis in the US, ramping up its investment in the all-important EV market. The two signed a memorandum of understanding to set up the plant under StarPlus Energy, a joint venture...
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July 24, 2023
EcoPro highly likely to make MSCI index in August: analysts
... secondary tech-laden Kosdaq, is highly likely to be included in the MSCI Korea Index in August, Samsung Securities wrote in a recent report published Friday. EcoPro is a holdings firm with units Eco...et value and free float market cap exceeds the inclusion standards," analyst Kim Don...
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July 24, 2023
Museum for late Samsung chief’s art collection gets regulatory approval
A new art museum featuring some 23,000 artworks collected by the late Samsung Group Chairman Lee Kun-hee is expected to be built in central Seoul in 2028 after getting regulatory approval Thursday. ...l his scattered collections in one place, enabling visitors to enjoy them all at once. ...
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July 24, 2023
[KH explains] Investors bullish on Posco stocks
...llion won as of Friday, surpassing that of top automaker Hyundai Motors at 42.3 trillion won. It is the seventh largest on Kospi, excluding preferred stocks. The sixth on the list is battery maker Samsung SDI at 47.17 trillion won, just a step further away. Retail investors, led by the...
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July 24, 2023
Samsung likely to lose again to TSMC in chips revenue
Samsung Electronics, the world's largest memory chip maker, appears to be lagging behind its rival Taiwan Semiconductor Manufacturing Corp. in terms of revenue from its global semiconductor business ...impact of a chip recession caused by lackluster demand for smartphones and other device...
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July 21, 2023
Samsung Pay to stay commission-free to counter Apple Pay’s expansion
Samsung Electronics announced Wednesday that it will not charge any fees to card issuers in Korea for its digital wallet service, Samsung Pay. "We have decided to keep Samsung Pay commission-free," a Samsung official said in a statement. “Samsung ...
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July 21, 2023
Young Koreans favor iPhones over Samsung Galaxy: survey
In South Korea, 69 percent of adult smartphone users use a Samsung device, while only 23 percent use iPhones, a Gallup survey of 1,001 adults found. But the survey reveals a starkly different trend ... Z. Among the younger generation, aged 18 to 29, iPhone’s share rises to 65 percent, ...
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July 21, 2023
[Herald Interview] Urbanbase seeks overseas expansion with AI-based home furnishing technology
...the company succeeded in securing Series B and C funding from a slew of backers, including Shinsegae Information & Communication, an information technology arm of retail giant Shinsegae Group, and Samsung Venture Investment, the venture capital arm of Samsung Electronics, in r...
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July 20, 2023
[KH explains] How to stay safe driving through flood water
...urance plan beforehand. “The (extra) insurance covers the repair cost of the damaged car if it was flooded during driving or submerged due to storms or floods while parked,” said an official from Samsung Fire & Marine Insurance. “So after repairing the car, you need to keep the rec...
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July 18, 2023
Public affairs strategies reshaping at chaebol groups
...ing to OpenSecrets, a nonprofit that tracks corporate lobbying activities in the US. Last year, Samsung spent $5.79 million on lobbying funds, up 74 percent compared to 2020. SK also raised its spend... of Commerce. Here are the key members of the Big Four’s revamped global public af...
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July 17, 2023
[Herald Interview] UK firm lures Korean trendsetters with 'transparent phones'
...ountdown and progress tracker for ride or delivery services. “We're not trying to compete with (Samsung and Apple). … Looking at data, other brands have been fighting for the 3 percent market share b... technology, trends and culture. Users are also very familiar with the Android sys...
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July 14, 2023
[Herald Interview] 'Samsung SDI to play vital role in accelerating Indiana's EV transition'
Samsung SDI’s recent joint venture deal with General Motors to construct an electric vehicle battery cell manufacturing plant in Indiana is expected to play a pivotal role in fostering a more advance... can be, retrained into EV battery talents.” Following fast-growing demand for tech ...
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July 14, 2023
Hunetplus develops deposition mask for OLED displays
...ccording to market research firm QYResearch. The recent fierce competition for extended reality device development -- such as Apple's "Vision Pro" and Meta's "MetaQuest" -- also sets the solid groundwork for the product’s success both domestically and abroad. Notable customers will likely incl...
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July 13, 2023
[Herald Interview] Daewoong Pharmaceutical steps onto global stage
...aid Kim, who has spearheaded Daewoong’s participation in the convention for more than 10 years. According to a Korea Health Industry Development Institute survey involving 9,120 customers and 365 experts in 19 foreign countries between October and November 2022, Daewoong was the second-most pop...
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July 12, 2023
[Herald Interview] Why Korea is a crucial partner for Qualcomm
...tion in next-generation growth engine industries in South Korea, with big name companies such as Samsung, LG and Hyundai. It looks to continue the journey through closer partnerships with key industry...om the fifth-generation network and automobiles to the Internet of Things and extend...
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July 11, 2023
LG, Hanwha chiefs to visit Poland with Yoon
...re than doubling the figure in five years. According to the FKI, other members of the business delegation include LS Group Chairman Koo Ja-eun and Daewoo Engineering & Construction Chairman Jung Won-ju. The leaders of Samsung, SK and Hyundai Motor, who accompanied the president to Fran...
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July 11, 2023
Samsung Biologics signs W511b deal with Novartis
Samsung Biologics said Monday the company has signed a 511 billion won ($390.9 million) deal with Novartis to manufacture products for the Switzerland-based pharmaceutical firm. The latest deal foll...ies had originally agreed on a deal worth 100 billion won, but decided to amp up the in...
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July 10, 2023
Samsung Electronics to rebound in Q3: analysts
Samsung Electronics, which was predicted to post its worst quarterly earnings in 14 years in the second quarter, will likely hasten its earnings recovery from the third quarter, led by chip productio...hone series, analysts said. On Friday’s earnings guidance for the April-June period r...
December 23, 2024
