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April 21, 2023
Korean battery makers supply 8 out of 10 US tax eligible EVs
South Korean battery makers LG Energy Solution, Samsung SDI and SK On have supplied batteries for roughly 8 out of 10 electric vehicle models eligible for US tax credits, industry sources said Thursd...ansit, Mustang Mach-E Extended Range and Standard Range. Lincoln has the Aviator Grand ...
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April 21, 2023
Samsung, LG resume talks on OLED partnership
Talks for a rare partnership between Samsung and LG appear to have been resumed recently as Samsung seeks to buy LG panels for its latest OLED TVs for the first time, according to industry sources on Thursday. “The two have resumed related talks ... with an aim to sign a deal ...
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April 21, 2023
Korea eyes W20tr boost for secondary battery sector through 2030
...llion won over the next five years. In order to secure what the government calls a “super gap” in technology, the ministry said the country’s three battery makers -- LG Energy Solution, SK On and Samsung SDI -- will set up mother factories in Korea intended to lead the development a...
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April 20, 2023
EU Chips Act potential boon for Korean parts makers: ministry
...ere are largely fabless companies that only design chips. The fabless companies would outsource fabrication to specialized foundries, such as Taiwan Semiconductor Manufacturing Corp. in Taiwan and Samsung Electronics in South Korea. "This will allow us to rebalance and secure our suppl...
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April 20, 2023
Market cap of listed firms jumps 14% in Q1
... the first quarter, 33 companies saw an increase in their market caps worth 1 trillion won or more. Among the 33, four firms saw an increase over 10 trillion won, including South Korean tech giant Samsung Electronics, battery manufacturer LG Energy Solution, battery material firm EcoPro...
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April 20, 2023
Samsung reclaims No. 1 ranking in global smartphone sales
Samsung Electronics has regained the top spot in the global smartphone market in the first quarter of this year, slightly outpacing its archrival Apple, the No. 1 in the previous quarter, a report sh...of the iPhone 14 series. At the time, Apple made up 25 percent of global smartphone sal...
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April 19, 2023
Samsung may ditch Google for Bing
Speculation is growing that Samsung Electronics may be ditching its close ties with Google by replacing the default search engine for its flagship Galaxy devices with Microsoft’s Bing which has been ...OpenAI’s powerful chatbot, ChatGPT. According to industry sources and media reports ...
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April 18, 2023
[KH Explains] Why Galaxy Watch won't support Samsung Pay in Korea for some time
...highly publicized debut of Apple Pay last month has prompted unexpected calls in South Korea for Samsung Pay to be usable with the Galaxy Watch. Apple Pay became available in March here nearly a deca...cation,” the Samsung official said. “If Samsung adds the feat...
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April 18, 2023
China’s reopening has limited impact on S. Korea: BOK
...improve in the second half of 2023 as the IT industry recovers and China adjusts its inventory. Korea pins high hopes on the recovery of the IT industry as major chip players, including tech giant Samsung, are to cut production, the central bank said. The timing of the recovery, however...
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April 18, 2023
Posco Group's market cap up 50% this year
...formerly Posco Chemical, which produces battery materials. Posco Future M’s stock price increased by 73 percent this year after the company signed a 10-year supply deal worth 40 trillion won with Samsung SDI in late January. The company’s stock price also continued to go up in line w...
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April 17, 2023
Samsung’s Neo QLED TVs receive carbon footprint certification
Samsung Electronics, the world's largest TV maker by shipments, said Sunday that six of its Neo quantum-dot light-emitting diode TVs have been globally certified for carbon footprint by Carbon Trust,... 8K and three of its 75-inch Neo QLED 4K screens -- obtained the certification in recog...
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April 17, 2023
[KH Explains] Is US-China rivalry spilling over to displays?
... already succumbed to Chinese rivals when it comes to cheaper LCDs, Korea’s top display makers – Samsung Display and LG Display – have poured resources into more sophisticated OLEDs to maintain their ...especially ones that have strong ties with the US," Yi said. In order for Korean...
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April 16, 2023
Top Korean chaebol leaders to accompany Yoon on state visit to US
...dustries, one of the nation’s major business lobby groups, plans to arrange a business delegation consisting of some 70 business leaders, including chiefs of the nation’s top four chaebol groups – Samsung Electronics Executive Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hy...
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April 14, 2023
Top court finalizes W1tr fine for Qualcomm
...her fees for patents used by smartphone makers. Qualcomm had been receiving 5 percent of handset prices in royalties for CDMA technologies from handset makers who buy Qualcomm modem chips such as Samsung Electronics, Taiwan-based MediaTek and US -based Intel. The watchdog also issued ...
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April 13, 2023
How Samsung, Hyundai tackle the China dilemma
... US-China rivalry in recent years, South Korea’s conglomerates have struggled to strike a balance in their Chinese business. Even though no immediate breakthrough is seen in geopolitical tensions, Samsung Electronics and Hyundai Motor Group -- the nation’s top makers of smartphones an...
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April 13, 2023
[KH Explains] When will BOK pivot come?
... rate cut. “A rate cut will happen when the consumer inflation falls below 3 percent, giving assurance it will even go down to 2 percent, the target level set by the BOK,” analyst Kim Ji-man from Samsung Securities said. In March, consumer prices slowed to 4.2 percent on-year, compa...
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April 13, 2023
Samsung Biologics secures stake in Swiss biotech firm
Korean contract manufacturer Samsung Biologics said Wednesday it will be participating in the series A funding round held for Araris, a Swiss biotech company that develops antibody-drug conjugate tec... the company, Samsung Biologics will be making its investments in the Swiss b...
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April 12, 2023
[KH explains] Samsung Pay safe 'for now' as Apple Pay enters Korea
...e an easy market for Apple Pay, partly because more than 70 percent of smartphone users here use Samsung or Android devices, with iPhone users comprising less than 30 percent. In addition, the lack o...ard issuer with 19.6 percent of the market share as of the end of last year, followe...
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April 12, 2023
Google fined W42b for abusing market dominance
... September 2021, Google was slapped with 225 billion won in fines for using the success of its mobile operating system to limit competition. Google prohibited smartphone manufacturers, especially Samsung Electronics, from developing or installing operating systems using Google’s Andro...
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April 12, 2023
Samsung Display to supply OLED panels for Ferrari cars
Samsung Display, the display arm of Samsung Electronics, has clinched a deal to supply organic light emitting diode panels for Ferrari’s next generation automobiles, the company said on Tuesday. Samsung Display CEO Choi Joo-sun and Ferrari CEO Benedetto Vigna agreed ...
December 24, 2024
