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June 28, 2022
S. Korean chaebol attend Hyundai Motor chief daughter’s wedding
South Korea’s top business leaders assembled for the wedding of Hyundai Motor Group Chairman Chung Euisun’s eldest daughter at a small church in Seoul on Monday. The VIP list included Samsung Electronics Lee Jae-yong and his daughter, Lee Won-ju. The Samsung chief a...
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June 27, 2022
Panel expert downbeat on Korean investments in premium TV displays
...ch firm UBI Research, cited a slow path to profitability in the cutting-edge panel businesses by Samsung Display and LG Display, despite growing market demand, in a seminar at Coex in Seoul on Thursda...onggi Province, into an OLED panel line. These trends, coupled with its paused supp...
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June 22, 2022
Chaebol groups batten down the hatches
...and spending as they brace for rough times ahead amid widespread fears of an economic downturn. Samsung Group held a rare CEO meeting on Monday, almost five years since a weekly meeting of top execut...e dissolution of the group’s ”control tower,“ the Future Strategy Office, in 2017...
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June 20, 2022
Auto biz in focus as Samsung’s Lee returns from Europe
Samsung Electronics Vice Chairman Lee Jae-yong returned to South Korea Saturday, with a renewed focus on the auto parts business. As the de facto leader of Korea’s largest conglomerate arrived at Se...rmaker BMW, a key battery client of Samsung’s secondary battery a...
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June 19, 2022
Samsung Electronics shares plummet to 52-week low
Samsung Electronics shares, which account for some 18 percent of South Korea’s benchmark Kospi’s market capitalization, closed at a 52-week low on Friday hit by the prolonged global memory chip supply shortage coupled with concerns of an economic slowdown. The market bellweth...
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June 19, 2022
Kospi slumps to sub-2,400 points in 19 months on US inflation woes
...or the time being while the strong dollar trend is likely to fuel foreigners’ offloading of Korean shares,” he added. Most big cap shares traded lower in the early morning, with market bellwether Samsung Electronics breaching the 60,000-won threshold for the first time sinc...
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June 19, 2022
Korean retail investors’ fears grow on stock, crypto meltdown
...onths. The nation’s stock market has been turning bearish in recent months, with the Kospi dropping 26 percent compared from its all-time high of 3,305 points in July last year. Market bellwether Samsung Electronics traded around 61,000 won ($47.40) Wednesday morning, with i...
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June 16, 2022
Samsung chief visits ASML HQ as race for high-end chip intensifies
Samsung Electronics top executives on Tuesday held talks with representatives of chip photolithography equipment maker ASML, including its Chief Executive Officer Peter Wennink, the South Korean tech giant said Wednesday. Representatives of Samsung, including Lee Jae-...
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June 16, 2022
Kospi slumps in 7-day losing streak
...2436.04 points, a new 52-week low, as foreign investors carried on a sell-off for a ninth session straight, outweighing purchases by institutional and retail investors. Shares of market bellwether Samsung Electronics fell to 60,700 won ($47) apiece, also a new 52-week low. Fi...
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June 16, 2022
[Market Eye] Samsung at crossroads on whether to join consortium bidding for Arm
...ulation that the world’s behemoth chipmakers are envisioning a game-changing consortium investing in the United Kingdom-based chip design house Arm, all eyes are on whether South Korean tech giant Samsung Electronics will join the team. Samsung Electronics
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June 15, 2022
As US Fed decision looms, Kospi sinks under 2,500
...flation. Foreign investors -- who hold roughly one-third of Korean stocks -- carried on a sell-off, outweighing a buying spree from institutional and retail investors. Shares of market bellwether Samsung Electronics dropped to 61,900 won ($47) apiece, marking a new 52-week lo...
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June 14, 2022
Samsung chief cleared of violating work restrictions
Samsung Electronics Vice Chairman Lee Jae-yong has steered clear of a legal risk involving his alleged violation of a restriction on his employment that is effective until 2026. The Seoul Metropolitan Police decided not to refer the case involving the 53-year-old de facto leade...
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June 14, 2022
AMD’s next-gen server CPU standard signals ties with Samsung
The latest announcement of US logic chip designer Advanced Micro Devices’ next-generational processor standard for data center servers indicates that a collaboration with South Korean tech giant Samsung Electronics is imminent. This comes as AMD’s chip architecture in the mak...
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June 14, 2022
Kospi hits 19-month low as US inflation skyrockets
...s traded on the main board Kospi and junior Kosdaq. Foreign and institutional investors carried on a sell-off Monday, outweighing a buying spree from retail investors. Shares of market bellwether Samsung Electronics closed at 62,100 won apiece, a new 52-week low, while tech c...
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June 08, 2022
All eyes on Lee Jae-yong’s Europe trip
Samsung Electronics Vice Chairman Lee Jae-yong on Tuesday left for Europe, home to key partners of the world’s largest memory chip maker’s renewed push for chip supremacy. Upon his departure from Se...y. “Those rumored deals, if realized, would offer a boon for Samsung...
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June 07, 2022
Investment banks cut Kospi targets amid high inflation
...rate hikes and a slowdown in stock transactions coupled with a decline in retail investors’ deposits are now being observed,” he added. Hit by the waves of change, the market capitalization of 23 Samsung Group stocks – including Samsung Electronics -- listed on b...
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June 07, 2022
Samsung’s Lee Jae-yong poised for 2-week trip to Europe
Samsung Electronics Vice Chairman Lee Jae-yong is poised to embark on a two-week trip to Europe on Tuesday, highlighting the South Korean chip-to-consumer electronics giant’s need for a breakthrough. Also under the spotlight is whether the largest conglomerate in Kor...
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June 06, 2022
Finance minister warns against wage, price hikes
...deration and Huh Chang-soo of the Federation of Korean Industries. During the meeting, Sohn also appealed to the authorities for a presidential pardon for some business leaders, including Samsung Electronics Vice Chairman Lee Jae-yong and Lotte Group Chairman Shin Dong-bin. ...
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June 06, 2022
Coupang added almost 30,000 new jobs last year
...rald Corp., publisher of The Korea Herald. Also included in the list of the largest hirers were Samsung, Shinsegae, LG, Kakao, SK, Hyundai Heavy Industries and Naver. On the other hand, seven compan...r 1,000 employees. There were 28 companies that had more than 10,000 workers on the...
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June 06, 2022
Samsung, Naver work on private 5G network
Samsung Electronics said Thursday it is teaming up with internet giant Naver to set up the nation’s first-ever private 5G network. The private wireless 5G network, designed to support secure and data-intensive communications of a specific entity within a specific area, will be...
November 26, 2024
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