-
April 11, 2023
Falling revenue threatens tax cuts
... making it difficult for the government to maintain the current tax cuts. "The tax revenue is highly likely to fall below the original estimate," Finance Minister Choo Kyung-ho said when visiting Samsung Electronics’ Pyeongtaek Campus on Friday. “While the overall economy flow and c...
-
April 11, 2023
[KH Explains] Apple ups ante in Samsung's home ground
... tech behemoth Apple has long maintained a low profile in South Korea, the home of its archrival Samsung Electronics, where the iPhone maker takes up a “modest” share of the market at about 20 percent...home ground, Samsung recently rebranded its retail store, called Sa...
-
April 10, 2023
Average unit price for exported Korean cars hits all-time high
...The car is expected to be priced between $60,000-$70,000. Experts say the auto market is likely to lead the country’s exports, unlike the semiconductor industry, which is headed for a downturn as Samsung Electronics recently announced that it would cut chip production. “Semiconducto...
-
April 09, 2023
LG Electronics estimates to log second-highest Q1 profit of W1.5tr
...which will likely be the company’s second-highest profit for the January-March period, outpacing Samsung Electronics' financial result for the first time in more than a decade. In its earnings guidan...was not available for Friday’s earnings guidance. This means LG’s quarterly prof...
-
April 09, 2023
Samsung Electronics cuts chip production as Q1 profit likely to hit 14-year low
Samsung Electronics said Friday it was cutting its chip production to a “meaningful level” after reporting a worse-than-expected 96 percent plunge in its quarterly operating profit estimate amid the ...ndustry’s rebound,” said Ko Yeong-min, an analyst at Shinhan Securities. Doh also p...
-
April 09, 2023
LG’s top brass joins forces to garner support for Busan’s Expo bid
...llion kilometers over the past few years to garner support for Busan’s Expo bid, which is equivalent to the distance of 64 1/2 trips around the Earth. The World Expo Bidding Committee, a business-led civilian organization consisting of 11 companies, including Samsung, SK and LG, has v...
-
April 09, 2023
Public-private partnerships to bring Expo to Busan
...blic and private sectors have mobilized their diplomatic capabilities to win the support of the Bureau International des Expositions (BIE). Korea's top 10 domestic conglomerates, including SK and Samsung, have harnessed their corporate networking capabilities to meet with BIE member co...
-
April 09, 2023
SK On chief expects ‘tangible results’ next year
...dded. The CEO’s remarks come as the battery maker posted operating losses worth more than 1 trillion won ($760 million) last year, in stark contrast to its crosstown rivals LG Energy Solution and Samsung SDI which recorded more than 1 trillion won in operating profits during the same ...
-
April 06, 2023
Ho-Am Foundation picks prize winners
The Ho-Am Foundation on Wednesday announced the winners of its annual Samsung Ho-Am Prize award for this year in the fields of science, engineering, medicine, arts and community service. This year’s...be held on June 1. Named after the penname of Samsung group’s late founder...
-
April 06, 2023
Public-private partnerships to bring Expo to Busan
...blic and private sectors have mobilized their diplomatic capabilities to win the support of the Bureau International des Expositions (BIE). Korea's top 10 domestic conglomerates, including SK and Samsung, have harnessed their corporate networking capabilities to meet with BIE member co...
-
April 05, 2023
BIE members feel Seoul's fever for Busan Expo
... about the company's ESG initiatives. They then took a practice ride on the Office Omnipod by LG Electonics and listened to explanations about the company's state-of-art display technologies. In Samsung Electronics' booth, Specht wrote a short message regarding Busan's bid to host the...
-
April 05, 2023
Biz leaders circle the Earth more than 64 times to drum up Expo support
... Expo Bidding Committee, a business-led civilian organization made of 11 companies including SK, Samsung and Hyundai, have visited 84 countries for negotiations related to the final vote regarding the... as co-chair of the Busan Expo bidding committee and is also the chairman of the KCC...
-
April 04, 2023
No. of unused credit cards exceeds 15m in 2022
...percentage of unused credit cards among the major card companies, with a rate of 15.23 percent, followed by Woori Card (13.75 percent), KB Kookmin Card (10.6 percent), Hyundai Card (9.63 percent), Samsung Card (9.38 percent) and Shinhan Card (9.11 percent). Korean financial regulators ...
-
April 04, 2023
Biz leaders welcome BIE delegation, reaffirm support for Busan's Expo bid
...the KCCI. Heads from large conglomerates attended the luncheon meeting held in Seoul, including Samsung Electronics President Park Seung-hee; SK SUPEX Council Social Value Committee President Lee Hyu...yo Bridge, Dongbaek Island, White Yeoul Culture Village and Haeundae Blue Line Park....
-
April 04, 2023
Hanwha-DSME merger still awaits Korean approval
...from giving specific names of competitors, the official said there are multiple companies in the competition. Other than DSME, South Korea’s major shipbuilders include Hyundai Heavy Industries and Samsung Heavy Industries. The FTC has requested that Hanwha revise proposal documents fo...
-
April 03, 2023
Korean battery makers relieved by latest US subsidy guidance
...ers that operate or will open battery-producing sites in the US -- LG Energy Solution, SK On and Samsung SDI -- were eligible for the AMPC, they could receive subsidiaries of up to 15 trillion won ($1...Energy Solution is expected to receive 10 trillion won in government incentives, whi...
-
April 03, 2023
Samsung SDI opens R&D center in Shanghai
Samsung SDI said Sunday that it opened a new research and development center in Shanghai on Saturday, completing its global network of research facilities around the world. The new center, called SD...talent pools, we will further bolster our pursuit of outstanding technological competit...
-
March 31, 2023
Korean chips act aims to extend tax cuts for local chipmakers
...in the semiconductor and other strategic industries to 15 percent for large corporations such as Samsung Electronics and SK hynix, from the previous 8 percent. The tax deduction rate for small- and m...vision is anticipated to help the local chip industry save some trillions of won, es...
-
March 30, 2023
[History through The Korea Herald] From $10b to $680b: S. Korea’s glory road to export-driven prosperity
...dustry, according to the Ministry of Trade, Industry and Energy. Semiconductors accounted for about 20 percent of total exports by South Korea last year. The industry is spearheaded by chip giants Samsung Electronics and SK hynix. Korea is now the world’s sixth-largest exporter, behin...
-
March 29, 2023
[From the scene] Hype vs. reality of Apple Pay in Seoul
...rvice was launched in the US back in 2014. On the first day alone, more than 1 million iPhone users registered for membership, according to its official partner here, Hyundai Card. In Korea where Samsung dominates almost 80 percent of the market share in smartphone sales, Samsung<...
December 24, 2024
