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January 19, 2022
After failed merger, Hyundai Heavy secures cash to nurture new growth engines
...gled to secure orders and compete head-on by lowering prices,” said Han Young-soo, an analyst at Samsung Securities. “But now all Korean builders have enough orders on hand amid growing prices. The s...businesses,” Han added. Earlier this month, Hyundai Heavy made its debut at the ...
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January 19, 2022
Samsung registers robot brand ‘Samsung Bot’ in US, Canada
Samsung Electronics is expected to introduce household robots under the brand “Samsung Bot” in the North American market. According to the World Intellectual Property Organization on Tuesday, the South Korean tech giant recently completed a trademark registration of...
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January 18, 2022
TSMC prepares $44b investments to leave Samsung out in foundry race
The goal of Samsung Electronics becoming the No. 1 foundry player by 2030 is facing a major hurdle as its rival TSMC prepares a whopping $44 billion investment in 2022 to consolidate its lead, accord...st year, followed by Samsung’s 17.1 percent. Knowing that it can’...
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January 18, 2022
Retail subscriptions open for LG Energy Solution IPO
...th as investors offloaded a combined 9.4 trillion won in shares to raise capital. With shares selling at 300,000 won apiece, LG Energy Solution is valued at 70 trillion won, trailing SK hynix and Samsung Electronics, which are worth 93 trillion won and 461 trillion won, respe...
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January 17, 2022
[Market Eye] Korean tech giants fall prey to patent trolling
... immense for tech companies here, and that is before considering the damage to their image. LG Electronics was ordered to pay $45 million, the largest jury award in the past five years to non-performi...r executives are joining forces with patent trolls to profit from such activities. L...
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January 17, 2022
Market retreat may be caused by coming LG Energy Solution IPO
...al has been at the center of the market since last year as it is undoubtedly the largest IPO ever in South Korea. The battery maker is expected to surpass SK hynix, valued at 93 trillion won after Samsung Electronics, the most valuable company here with a market cap of 461 tri...
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January 17, 2022
LG Energy Solution to raise W12.75tr in nation’s largest-ever IPO
...at 300,000 won apiece, LG Energy Solution will raise 12.75 trillion won in what is likely to be the nation’s largest-ever stock debut later this month, and becoming the third-largest company in terms of market cap (70.2 trillion won), after Samsung Electronics and SK hynix. ...
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January 14, 2022
[Market Eye] Why Samsung, LG hold on to LCD despite slowing profits
It appears too soon to say that Samsung Display and LG Display, the nation’s top display makers, will exit from the less lucrative LCD market amid a cutthroat competition with Chinese rivals with che...siness. But it has no other option but to continue production to meet the demand from ...
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January 13, 2022
Samsung dispatches flights to bring back COVID-positive employees from CES
Samsung Electronics dispatched chartered flights to Las Vegas to bring home some 20 staff members and executives who tested positive for COVID-19 at the CES 2022 trade show, according to industry sources Wednesday. The majority of the infected Samsung officials return...
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January 13, 2022
LG supplies in-car infotainment system to Mercedes-AMG EQS
LG Electronics said Wednesday it has supplied its premium in-car infotainment system to be featured in the 2022 Mercedes-Benz EQS full-electric luxury sedan. LG’s system combines three displays -- i...gh-performance processor, the In Car Application Server 3.1, which is powered by cross...
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January 12, 2022
Will Samsung’s ‘Tiger’ strategy work against Apple?
Samsung Electronics unveiled its “Tiger” strategy at CES 2022 to beat Apple in the flagship smartphone market, but experts say that the South Korean tech giant should first come up with “killer content” for its foldable smartphones for that strategy to work. During the worl...
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January 11, 2022
Samsung’s QD-OLED display certified by SGS
Samsung Display, the display panel maker arm of Samsung Electronics, said Monday its latest quantum-dot organic light emitting diode display technology was certified by evaluation services provider SGS. The QD-OLED, touted as the technology to support next-generation ...
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January 11, 2022
Former Samsung patent head turns against tech giant
A former Samsung Electronics executive, who led patent prosecutions and litigations representing South Korea-based technology giant, was found to have turned against his previous employer with a pate...plaintiffs, despite being aware of the infringement, according to the report....
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January 11, 2022
LG battery arm vows to edge out Chinese rival
...xpected to offer 34 million new shares in an indicative range of 257,000 to 300,000 won per share. LG Chem, which wholly owns the battery arm, plans to offer 8.5 million existing shares in the same price range. Analysts have said the IPO could make the battery maker South Korea’s third most val...
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January 11, 2022
LG joins IBM Quantum Network
LG Electronics said Monday it has joined the IBM Quantum Network as a member to further explore its applications for quantum computing required in the field of artificial intelligence, connected cars...an entities, the Korea Advanced Institute of Science and Technology, Sungkyunkwan Unive...
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January 11, 2022
Chaebol groups sell shares in subsidiaries over strengthened intercompany trade measures
...se maintenance, repair and operations (MRO) unit S&I Corporation to GS E&C. S&I, LG Group’s wholly owned subsidiary, has grown through intercompany transactions, with LG’s affiliates such as LG Electronics and LG Chem accounting for more than 70 percent of the company’s total revenu...
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January 11, 2022
Samsung’s 2021 profit soars on robust chips, smartphones business
Samsung Electronics logged an operating income of 51.57 trillion won ($42.89 billion) for 2021, up 43.3 percent from a year prior, as its businesses ranging from semiconductor chips to smartphones and home appliances have seen a surge in global demand, its preliminary filing sho...
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January 07, 2022
[CES 2022] Samsung, SKT execs discuss partnership on 5G, AI, metaverse
SK Telecom CEO Ryu Young-sang and Samsung Electronics’ mobile business chief Roh Tae-moon discussed their potential partnership on a slew of tech areas, including 5G network, artificial intelligence and the metaverse, upon Ryu’s visit to Samsung’s exhibition booth a...
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January 07, 2022
Samsung says open to manufacturing OLED TVs
LAS VEGAS/SEOUL -- Samsung Electronics vice chairman and CEO Han Jong-hee told reporters on Wednesday that the doors for collaboration with panel supplier LG Display is “wide open” for its launch of organic light-emitting diode television sets. At a press conference in Las Ve...
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January 06, 2022
[CES 2022] Samsung unveils portable beam projector
LAS VEGAS -- Samsung Electronics on Tuesday unveiled a portable beam projector, the Freestyle, to overcome the physical constraints of TVs and bring screen experience everywhere. According to the South Korean tech giant, the Freestyle weighs just 830 grams and offers a minimal ...
November 26, 2024
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