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March 15, 2023
Apple Store to open near 'Samsung Town' in Gangnam
...re in South Korea later this month, expending its presence in the country, home to its archrival Samsung Electronics. Named Apple Gangnam, the store will open near the Shinnonhyeon Subway Station in ...rn Seoul on March 31. The location is less than a kilometer away from three skyscrap...
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March 15, 2023
SPC Group names ex-Hotel Shilla exec as new PR chief
...t SPC Group said Monday it has appointed Ha Joo-ho, former communications director of Hotel Shilla, as its new communications chief. Ha is a communications veteran who spent most of his career at Samsung companies. The 59-year-old graduated from Seoul National University with a degree ...
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March 14, 2023
Samsung Pay boosts ties with Naver, Kakao to cement payment leadership
In an apparent move to counter Apple Pay’s long-awaited debut this month, Samsung Pay is seeking a stronger alliance with local mobile payment providers to consolidate its digital payment service's d...e transactions via the Kakao Pay app using magnetic secure transmission, a key technol...
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March 14, 2023
[KH Explains] Will Apple Pay-backed Hyundai Card renew credit rivalry?
...yment service for iPhones, will raise its market share to outpace bigger rivals Shinhan Card and Samsung Card. Credit card companies compete head-on in a crowded market here. According to the Credit ... credit card issuer with 19.6 percent as of the fourth quarter of last year, closely...
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March 14, 2023
Diplomacy urged to ease concerns over US CHIPS Act
... securing an upper hand against Beijing. Home to two of the world's largest memory chip makers, Samsung Electronics and SK hynix, the South Korean government has also raised concerns, as the US CHIPS... a chip product in the US, with the amount not exceeding 35 percent of the costs. F...
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March 13, 2023
[KH Explains] Korean battery makers hint at ‘price war’ against Chinese rivals
... a high-pricing, premium strategy, South Korea’s top three battery makers -- LG Energy Solution, Samsung SDI and SK On -- are increasingly turning their eyes to low-priced batteries in an apparent mov...he Inflation Reduction Act, which basically curbs tax benefits for EVs and parts ma...
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March 13, 2023
Samsung SDS renews vision for cloud leadership
South Korea’s IT services firm Samsung SDS on Friday unveiled a renewed vision for its burgeoning cloud business, touting itself as the nation’s only “hybrid” service provider that offers integrated ...d like to simplify the service for our clients under our new brand slogan, ‘Cloud....
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March 12, 2023
Korean auto, battery sectors brace for EU-first act
... in Europe, the official said the automaker may have to increase the production capacity of EVs at its plants in the Czech Republic and Slovakia. Although Korean battery makers -- LG Electronics, Samsung SDI and SK On -- set up manufacturing plants in Europe and have been operating the...
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March 12, 2023
BlackRock emerges as Samsung Securities’ 3rd-largest shareholder
...nagement firm BlackRock has become the third-largest shareholder of South Korean brokerage house Samsung Securities, a filing showed Thursday. BlackRock’s 12 affiliated entities hold a total of 5.46 ...mpany is subject to filing obligations as a block holder of the company, under the ...
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March 10, 2023
OLED TV war looms as Samsung returns after 10-year hiatus
Samsung Electronics on Thursday debuted its first organic light-emitting diode TVs in a decade at home, making official its comeback to the fast-growing premium TV segment, which is currently dominat...d vivid color by using our own technology, based on the original strength of OLED techn...
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March 10, 2023
Ex-TSMC engineer joins Samsung’s chip packaging team
Samsung Electronics has hired veteran engineer Lin Jun-cheng, who previously worked at the tech giant’s foundry rival, Taiwan-based TSMC, according to local reports on Thursday. Lin was recently app... as Samsung beefs up efforts to strengthen its prowess in chip packaging und...
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March 09, 2023
Samsung CEOs to discuss inclusivity with female employees
Celebrating International Women’s Day this week, Samsung Electronics’ top brass will hold luncheon talks with female executives to discuss woman’s leadership in the workplace, the tech giant said Wed...orate systems that align with the company’s renewed vision for diversity, equity an...
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March 09, 2023
LG welcomes more rivals entering OLED TV market
...ht-emitting diode TV market, said Wednesday it welcomes more tech firms, including its archrival Samsung Electronics, entering the fast-growing OLED TV market. Ahead of the official release of its 20...est lineup will be released both at home and abroad, starting Monday. While its cro...
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March 08, 2023
Samsung’s retail store renamed as ‘Samsung Store’
Samsung Electronics said Tuesday its retail store brand Samsung Digital Plaza will be renamed as Samsung Store from Wednesday – the first revamp since the brand was launched in 2000. In addition to some 360 retail stores nationwide, all shops within department stores...
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March 08, 2023
[Newsmaker] Women make up just 24% of workforce at major companies
...ear. Female workers working in the finance sector were paid the second-highest at 74.2 million won, followed by those in the automobile industry at 61.2 million won. By company, women working at Samsung Electronics were paid the most, with a yearly income of 97.7 million won. The nex...
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March 07, 2023
[KH Explains] Will rise of ChatGPT save chipmakers from mounting inventories?
...uage-based, conversation-style AI services will have a positive impact on future memory demand,” Samsung Electronics Executive Vice President Kim Jae-june said during the company’s earnings call for t...ntory, industry officials here say, as South Korea -- home to the world's top memo...
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March 07, 2023
Trade minister, chipmakers to hold meeting on US CHIPS Act
South Korean Trade, Industry and Energy Minister Ahn Duk-geun will meet with officials of major semiconductor companies, including Samsung Electronics and SK hynix, Tuesday to discuss countermeasures to the US CHIPS Act and its requirements, according to the ministry on Monday. The meeti...
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March 06, 2023
Samsung SDI, GM to form EV battery alliance
South Korean battery maker Samsung SDI and US auto giant General Motors will build a joint battery manufacturing plant for electric vehicles in the US with an investment worth up to 5 trillion won ($... battery plant in the US in January, automotive and battery industry insiders already p...
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March 06, 2023
Samsung Bioepis launches Lucentis biosimilar in Canada, Germany
South Korean biotech firm Samsung Bioepis is expanding into the global market with SB11, a biosimilar drug used to treat ophthalmologic diseases such as macular degeneration. According to industry s...he name Byooviz and in Korea as Ameliv. After the launch of the biosimilar in the US l...
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March 06, 2023
Chip inventory hits 26-year high
...ent was posted in March 1997. Exports of chips also nosedived 42.5 percent on-year to $5.69 billion in February. While Asia’s No. 4 economy is home to the world’s two largest memory chipmakers -- Samsung Electronics and SK hynix -- the two firms have seen their inventory surge around...
December 24, 2024
