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June 09, 2023
Samsung Biologics wins record Pfizer deal
Samsung Biologics said Thursday the company won a $411.3 million contract manufacturing deal from Pfizer to produce the US-based pharmaceutical giant’s biosimilar products. Even though the company d...plant. Other details of the deal, including the contract period, were not revealed im...
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June 09, 2023
[Bio USA] Who’s behind Samsung Biologics' evolving technology?
...with the world’s largest production capacity has been the main driving force of the rapid growth Samsung Biologics has enjoyed over the past 10 years. In the next 10 years, the company will focus on ...ated to bispecific antibodies and mRNA, and invested in Araris, which has ADC techn...
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June 08, 2023
[Bio USA] Lotte's CDMO ambition gets full support from US plant
...ty in East Syracuse, New York from 165-year-old US pharmaceutical firm Bristol Myers Squibb last year as a part of its market entry strategy into the CDMO sector, where its bigger crosstown rivals Samsung and SK have been racing to enter in search for their future growth engine. After ...
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June 08, 2023
Samsung’s Exynos processor to power Hyundai’s in-car infotainment systems
Samsung Electronics said Wednesday that its latest automotive processor, the Exynos Auto V920, will be supplied to Hyundai Motor’s next-generation in-vehicle infotainment systems, a first chip collab...eol Pyee, executive vice president of sales and marketing at the system LSI business d...
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June 08, 2023
[Bio USA] Samsung Biologics hints at sales push for new plant
BOSTON -- Samsung Biologics' US sales chief said Tuesday that the South Korean drug contract manufacturing giant will bolster its global reach to secure more large-volume orders, tapping Alzheimer’s ...es of the 2030 BIO International Convention held in Boston this week, Kevin Sharp, sal...
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June 08, 2023
Samsung picks Seoul to unveil new foldable phones for 1st time
Samsung Electronics, the world’s No. 1 smartphone maker by shipment, said Wednesday it will unveil its new foldable smartphone series in Seoul for the first time, in the “beating heart” of the compan...ble smartphones, tentatively dubbed Galaxy Z Flip 5 and Z Fold 5, as it is the "beat...
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June 07, 2023
LG Electronics joins RE100 to go net zero by 2050
...00 initiative, introduced by The Climate Group in partnership with the Carbon Disclosure Project in 2014, sets a 2050 target for using 100 percent renewable electricity. Global tech giants such as Samsung Electronics, Apple, TSMC and Sony have already joined the initiative. LG Electron...
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June 07, 2023
Samsung’s iconic Frankfurt declaration marks 30th anniversary
Lee Jae-yong’s ‘New Samsung’ taking shape According to company officials, Samsung Electronics and its affiliates have no plan to hold a commemorative event for the 30th anniversary of the declaration this year. In recent years, Samsung has celebrated key events in ...
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June 07, 2023
Samsung Biologics seeks giant leap with new plant, ADC tech
... treating cancer. Its investment into ADC technologies is not limited to production facilities. Samsung Biologics is also seeking to "strengthen the competitiveness of production technology." Its rec...tary ADC linker technology, was a part of such efforts, he said. The investment was ...
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June 07, 2023
JPMorgan CEO meets financial leaders in Seoul
...oul. He was visiting Korea after a week-long business trip to Asian countries, including China, Taiwan and Japan. Speculation grew about his possible meet-up with Samsung Electronics Chairman Lee Jae-yong, considering they have maintained close ties. But both Samsung and JPM...
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June 05, 2023
K-pop stock rally proves strong despite BTS hiatus
...e's founder and chairperson Bang Si-hyuk spiked from 2.28 trillion won to 3.55 trillion won, making him the seventh wealthiest person in Korea in terms of stock value, following the members of the Samsung family and other top financial figures. Bang holds a 31.58 percent stake in Hybe. ...
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June 05, 2023
[KH Explains] Hyundai, hit by subsidy cuts in US, bolsters ties with China’s CATL
...ed by protectionist measures in the US and Europe,” an industry source close to the matter told The Korea Herald on condition of anonymity. Unlike Korea’s top battery makers – LG Energy Solution, Samsung SDI and SK On – that only supply battery cells, CATL supplies batteries with i...
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June 05, 2023
Posco launches new low-emission steel product
...ome appliances. In November last year, LG Electronics signed two memorandums of understanding with LG Electronics and Volvo Construction Equipment for future supplies of Greenate steel products. Samsung Electronics could also consider purchasing the new steel products in the future, u...
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June 04, 2023
Samsung likely to hold Galaxy Unpacked event in Korea for first time
Samsung Electronics may hold its unpacking event for its new foldable phones in Seoul for the first time this summer, a Samsung president said on Thursday. “South Korea is an important market and Seoul is a meaningful place,” Lee Young-hee, president of the global marketing c...
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June 04, 2023
Samsung, Naver Cloud team up to provide private 5G network at construction site
Samsung Electronics said Friday it is joining hands with Naver Cloud to launch a private 5G network for Hoban Construction, bringing the private 5G network in the construction sector for the first ti... safety on-site,” Chang Yong, vice president of global sales and marketing, networks b...
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June 04, 2023
Meta unveils Quest 3 VR headset before Apple
...s expected to release its VR headset next week at the company’s Worldwide Developer Conference. The headset is likely to be equipped with AR technologies and will reportedly cost at least $3,000. Samsung Electronics, Qualcomm and Google also announced a trilateral partnership to build...
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June 04, 2023
Kakao Pay VP joins US brokerage board
...Shin serves as the head of Kakao Pay's payment business group and corporate development office. Before joining Kakao Pay, he held various positions in different companies -- including Kakao Corp, Samsung Electronics, McKinsey & Company and Intel Corporation -- accumulating over 15 year...
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June 02, 2023
Intel to build research lab for chips in Seoul
...US tech giant is also expected to ramp up cooperation with the world's leading memory chipmakers Samsung Electronics and SK hynix. Intel recently launched server CPU Sapphire Rapids, its first produc... test for the server chips in the Intel Data Center Certified memory program for DDR...
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June 02, 2023
Samsung SDI CEO stresses ESG as key future strategy
South Korean battery maker Samsung SDI said Thursday an executive meeting was held to bolster environmental, social and governance management efforts. Some 20 top executives, including Samsung SDI CEO Choi Yoon-ho, joined the workshop held at the company’s headquarters in Gihe...
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June 01, 2023
Seoul shares open higher despite heightened N. Korea tension
...for May fell to a five-month low of 48.8, indicating a slower-than-expected recovery. Big tech stocks stood strong Wednesday, buoyed by foreign investors’ buying rush. Shares of tech heavyweight Samsung Electronics hit up to 72,500 won. Foreign investors have been raising their stake...
December 23, 2024
