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October 30, 2024
[KH Explains] How LG Energy Solution’s bold bet paid off with Tesla, Mercedes deals
...or 95 millimeters in height, for over 10 years starting in 2028. Crosstown rivalry It might seem LG Energy Solution took the initiative to launch the high-tech batteries. But its crosstown rival Samsung SDI announced its own development plan first in 2021. Last year, Samsung
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October 28, 2024
Leadership reshuffle looms at Samsung
Samsung Electronics, facing challenges from its smaller rivals, is expected to carry out a major personnel reshuffle later this year, according to industry sources Monday. The world’s largest maker ... it has been outpaced by its crosstown rival SK hynix, as it failed to secure an earli...
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October 27, 2024
[From the Scene] How robotics reflect shift in S. Korea's food industry
...ns. Pulmuone introduced its Robot Wok at seven rest stop locations this year, where labor shortages are common due to their location outside urban centers, according to the food giant. Similarly, Samsung Welstory, a major catering service provider, launched its Wellybot service in Marc...
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October 24, 2024
Korea Zinc shares soar 30% amid prolonged ownership fight
...f the current management closed Wednesday. The stock closed at 876,000 won ($634.74) that day, lower than the tender offer of 890,000 won. Korea Zinc was one of the only two stocks, together with Samsung Biologics, that exceeded the 1 million bar during Thursday’s trading. Korea Zinc...
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October 24, 2024
Samsung mobile chief upbeat on Galaxy S24 sales
Samsung Electronics's mobile business chief Roh Tae-moon has pinned high hopes on the latest flagship Galaxy S24 series to drive up the company's smartphone business this year overall. Speaking to t...lues that cannot be bought with money,” he was quoted as saying during the meeting. I...
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October 24, 2024
SK hynix reports earnings surprise in Q3 on AI chip boom
...hers say SK hynix may have surpassed the operating profit of the world’s No. 1 memory chip maker Samsung Electronics’ semiconductor business in the July-September period. This would secure the company... the high-bandwidth memory market, where demand has surged with the expansion of t...
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October 23, 2024
Samsung SDI showcases next-gen battery lineup at mobility show
Samsung SDI said Wednesday it has showcased its battery lineup, ranging from the prismatic battery P6 to the next-generation all-solid-state battery, at the Daegu International Future Auto & Mobility...displayed the BMW iX, e-scooters and e-bikes that either currently use or are scheduled...
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October 21, 2024
Tariff tops US election agenda for Korean firms
...s to foreign companies that invested in the US market during the Joe Biden administration. Rolling back the Inflation Reduction Act and CHIPS and Science Act could affect Korean conglomerates like Samsung Electronics, Hyundai Motor and SK Hynix. With a hardline stance on China in play,...
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October 20, 2024
TSMC likely to reclaim lead in sales over Samsung
Samsung Electronics’ chip division is likely to be dethroned by TSMC, the world's largest foundry company that manufactures Nvidia chips, in terms of the latest quarterly sales, according to industry...ps. In contrast, as chip demand shifts towards AI, while the existing IT demand slump ...
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October 18, 2024
Samsung Display showcases latest OLED at Ferrari Finali Mondiali
Samsung Display has joined the Ferrari Finali Mondiali, the iconic closing event of the Ferrari Challenge Trofeo Pirelli to showcase its high-quality organic light-emitting diode panels including the...During the event held Oct. 17-20 in Enzo and Dino Ferrari International Circuit in Imol...
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October 17, 2024
Samsung to launch slimmer foldable phone next week
Samsung Electronics, the world’s largest smartphone maker by shipment, is expected to launch its thinnest foldable phone next week to reinforce its footing in the global foldable smartphone market wh...ble-hinged smartphone, the Mate XT, which attracted more than 6.5 million preorders. ...
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October 17, 2024
Samsung to debut 24Gb GDDR7 DRAM chip next year
Samsung Electronics, the world's largest memory chip maker, said Thursday it has developed the industry’s first 24-gigabit GDDR7 DRAM, set for a market debut early next year. Compared to the previou...7 DRAM, the new chip has improved capacity, performance and power efficiency, the comp...
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October 16, 2024
ASML's lukewarm outlook pulls down Samsung, SK shares
... The benchmark Philadelphia Semiconductor Index slid 5.3 percent. As of 2:30 p.m. on Wednesday, Samsung Electronics shares stood at 59,700 won ($43.82), down 2.1 percent, while SK hynix shares fell 1...ysts anticipated SK hynix to achieve an operating profit of over 7 trillion won, and...
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October 16, 2024
Investors upbeat on LG CNS’ W7tr IPO
...mance this year,” said Uhm Su-jin, an analyst at Hanwha Investment & Securities. Since the offering price has not yet been determined, LG CNS is often compared with its industry peers, especially Samsung SDS. The stock price of Samsung Group's IT unit has fallen by more than...
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October 16, 2024
Korea to pump in W8.8tr in 2025 to contend in global chip race
...ost-sharing will be prepared within the year amid growing concerns that Korean chipmakers face power shortages. In the Yongin semiconductor cluster, 16 semiconductor production facilities, led by Samsung Electronics and SK hynix, will be built by 2047. Although a vast amount of electri...
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October 16, 2024
British activist fund takes aim at SK to unlock value
...1 by its Chief Investment Officer James Smith. Prior to launching the company, Smith worked for 20 years at Elliott Investment Management, which is known for its activism campaign launched against Samsung C&T, the de facto holding company of Samsung Group. In recent years, Pa...
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October 15, 2024
Samsung Display showcases OLED for AI monitors in Taipei
South Korean display maker Samsung Display showcased its latest organic light-emitting diode panels for monitors and laptops optimized for artificial intelligence applications at the Samsung OLED IT ... in Taipei, Taiwan, Tuesday. To address growing demand for OLED panels in th...
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October 15, 2024
Herald Business Forum envisions future with AI
...er, by utilizing AI technology, time and costs can be reduced, and researchers can focus more on creativity by eliminating unnecessary tasks,” said Choi Young-sang, vice president of technology at Samsung Advanced Institute of Technology. Jung Ki-hyun, executive vice president of the ...
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October 14, 2024
Samsung Biologics unveils new platform
Samsung Biologics announced Monday that it has launched S-HiCon, a new platform specializing in high-concentration formulation development, designed to meet rising demand for high-concentration bioph...ng a wider range of drugs to market more quickly," said Min Ho-sung, executive vice pre...
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October 13, 2024
Samsung Electronics sheds W90tr in market cap amid foreigners' selloff
Samsung Electronics, South Korea’s largest chipmaker, has seen its market cap shrink by a staggering 90 trillion won ($66.6 billion) since September, largely driven by a sustained selling spree among...stors. According to the Korea Exchange on Sunday, foreigners have net sold 10.6 trill...
December 22, 2024
