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February 14, 2023
[NPS in Action] ‘Paper tiger’ NPS rebrands self as vocal shareholder, but motives murky
...r Moon Hyung-pyo and Hong Wan-sun, former CIO of NPS, who were found guilty of using their power to pressure NPS committee members to make a decision to vote for the merger of Cheil Industries and Samsung C&T -- two key affiliates of South Korea's top conglomerate, Samsung Gro...
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February 10, 2023
Samsung, LG shift away from China toward India as production base
...ies surrounding the US-China rivalry and to tap further into the world's fifth-largest economy. Samsung Electronics, the world’s largest smartphone maker in terms of shipments, has recently decided t...na’s Xiaomi since 2018. During a press conference held last week in San Francisco...
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February 09, 2023
[KH Explains] Why Samsung won't call production cut ‘a cut’
...e the global chip industry is struggling to make ends meet amid sluggish demand and price falls, Samsung Electronics, the world’s largest memory chipmaker, said it will keep spending at a similar leve...n of the current situation. Samsung is looking further ahead at 2025 and ...
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February 08, 2023
[From the Scene] Samsung store offers new shopping experience to Galaxy aficionados in LA
...roit, the actor has been a fan of Apple products because of their compatibility. After exploring the LA store, he complimented Samsung’s enhanced compatibility between devices. The 36-year-old actor also found Samsung's stylus S Pen attractive. “The feeling is smooth and nic...
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February 07, 2023
[Herald Interview] 'Premium laptops essential to complete Galaxy ecosystem'
SAN FRANCISCO -- Samsung Electronics is hoping to expand its presence in the global laptop market where it remains a tiny player, as people are replacing their laptops more frequently after pandemic ...r, an increasing number of people around the world have chosen to own a laptop, accordi...
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February 07, 2023
[Herald Interview] 'Premium laptops essential to complete Galaxy ecosystem'
SAN FRANCISCO -- Samsung Electronics is hoping to expand its presence in the global laptop market where it remains a tiny player, as people are replacing their laptops more frequently after pandemic ...r, an increasing number of people around the world have chosen to own a laptop, accordi...
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February 06, 2023
[Herald Interview] Samsung bets big on cameras to fight Apple
SAN FRANCISCO -- Samsung Electronics unveiled the new Galaxy S23 smartphones, the latest lineup of its flagship S series, on Wednesday, putting much emphasis on enhanced camera functions -- a secret ...f camera performance. “I rarely check social media, but I heard many people saying th...
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February 03, 2023
Samsung bolsters ties with Qualcomm, Google to deter Apple
Samsung Electronics, the world’s largest smartphone maker by shipments, is bolstering ties with global tech giants Qualcomm and Google to build the next-generation extended reality ecosystem, as its ... VR developed in collaboration with Oculus in 2015. Since the HMD Odyssey Plus in 2018...
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February 03, 2023
Samsung targets double-digit growth in Galaxy S sales
Meanwhile, Samsung has expanded its business partnership with the world’s top IT giants such as Google, Qualcomm and Microsoft under the value of openness. Based on its strategic cooperation, the tec...erviceability to its global users, Roh added. Earlier in the day at the annual unpack...
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February 02, 2023
Samsung Galaxy S returns with faster, more eco-friendly design
...orage units. The price of the Galaxy S23 has been set to between 1.15 million-1.27 million won, while the Galaxy S23 Plus is priced between 1.35 million won and 1.47 million won. In the meantime, Samsung's latest flagship laptops deployed the Book series' first Dynamic AMOLED 2X displa...
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February 02, 2023
S. Korea logs highest monthly trade deficit amid sluggish chip demand
...r and $3.23 billion in December. Moreover, two of South Korea's leading semiconductor makers -- Samsung Electronics and SK hynix -- saw earnings shocks in the fourth quarter of last year. SK hynix o... It was SK hynix’s first quarterly operating loss since the third quarter of 2012. ...
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February 01, 2023
Samsung defies chip price slump, vows to continue investment
Despite witnessing a sharp drop in chip profits, Samsung Electronics said it will not scale back its output and spending in 2023, bucking the trend of cost-cutting among its global rivals. "The dete...quarter. Operating profit plunged by almost 69 percent on-year to reach 4.31 trillion w...
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January 31, 2023
Samsung SDI hits W20tr in sales for first time
Samsung SDI said Monday it posted record-high earnings in both sales revenue and operating profit last year, largely driven by the surge in sales of value-added battery products. Revenue skyrocketed...attery Gen 5 (P5) in the electric vehicle battery market,” said Kim Jong-sung, vice pr...
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January 31, 2023
[Newsmaker] Why is Samsung starting a legal fight against smartphone repair shops in US?
Samsung Display has recently filed a complaint against 17 smartphone repair shops in the US over their use of “illegal” panels that it says infringed its highly sophisticated OLED patents, according ...tional square-shaped pixel technology. The technology is considered one of the key s...
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January 31, 2023
[NPS in Action] Korea's pension fund, under pressure, hunts for gains in foreign stocks
...sted disappointing results afterward. The fund owns 7.68 percent of shares in Korean tech giant Samsung Electronics and 8.17 percent of shares in memory chip manufacturer SK hynix, according to the l..., respectively, based on Friday's closing price. In 2012, the fund held a 7.19 perc...
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January 30, 2023
Samsung hires ex-Ericsson execs to boost network business
South Korean tech giant Samsung Electronics has hired two experts from Swedish telco Ericsson to reinforce its network business. According to industry sources on Sunday, Samsung recently established a task force under its network business division to oversee a new business stra...
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January 29, 2023
Samsung Biologics 2022 earnings hit all-time high with W3tr sales
Korean contract manufacturer Samsung Biologics' earnings in 2022 hit all-time high, mainly because its biopharmaceutical unit was included in the consolidated financial result after a full acquisitio...usion of earnings from Samsung Bioepis, its joint venture with US firm Biogen...
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January 27, 2023
Samsung’s crisis management system wins ISO certification
Samsung Electronics said Thursday that it has won the ISO 22301 certification, a global recognition for crisis preparedness at its chip-manufacturing complex in Hwaseong, Gyeonggi Province. The ISO ... Tae-yang, executive vice president and chief safety officer of the device solutions di...
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January 27, 2023
Samsung SDS posts record revenue on upbeat cloud sales
South Korean IT solutions provider Samsung SDS logged a record sales of 17.2 trillion won ($14 billion) in 2022 that was driven by an expansion in its cloud business, the firm said Thursday. In a re...service, which saw its annual sales surpass the 1 trillion won mark to reach 1.16 trill...
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January 26, 2023
New NPS CIO on mission to make critical shift
... as he saw global macroeconomic trends as a key factor affecting his work. Seo also has overseas experience that aids him in dealing with international markets. He started his financial career at Samsung Life Insurance in 1988 and was the head of the insurer’s New York and Singapore o...