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January 10, 2023
[Herald Interview] ‘There will be always more demand for chips, displays’
LAS VEGAS – The prolonged economic recession and inflation is drawing a grim outlook for semiconductor and display industries, even for top players such as South Korea’s Samsung and LG. But Merck Electronics CEO Kai Beckmann says that companies will persist, as demand for chips and dis...
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January 10, 2023
Broadcom pledges W20b corrective measures for abusing market power
...oing antitrust probe into the company's alleged abuse of power against Korean clients, including Samsung Electronics. On Monday, South Korea's Fair Trade Commission unveiled the measures tentatively ...cess to alternative parts. The FTC said Broadcom’s revenue from its three-year sup...
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January 09, 2023
[CES 2023] Samsung CEO braces for rough year
LAS VEGAS – Samsung Electronics Vice Chairman and co-CEO Han Jong-hee said the South Korean tech giant was bracing for a rough year ahead, renewing his commitment to seeking new growth drivers in fut...Samsung, was founded in 2011. The company introduced its flagship collaborat...
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January 09, 2023
[NCSI] Samsung C&T, Samsung Fire & Marine, Kumkang Shoe, Lotte Duty Free top customer satisfaction rankings
... score of 84, Severance again kept its spot in the lead. Following Severance, four runner-ups were all hospitals, reflecting their crucial role in tackling the public health crisis. The four were Samsung Medical Center, Seoul St. Mary’s Hospital, Asan Medical Center and Korea Universi...
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January 06, 2023
[CES 2023] Samsung pins high hopes on heightened connectivity among devices
By Jo He-rim Korea Herald Correspondent LAS VEGAS -- Samsung Electronics Vice Chairman Han Jong-hee shared a detailed vision to create "calmer" connected world to heighten connectivity among device...solution to sync lighting and content from Samsung TVs without additional har...
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January 06, 2023
[KH explains] No more ‘Burberry check’ on Korean school uniforms
...n Korea since the enlisting of its trademark here in 1998. The list of defendants ranges from large corporations including the nation’s leading underwear maker Ssangbangwool Group, LG Fashion and Samsung Group’s fashion unit Samsung C&T to smaller labels. One well-known ca...
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January 05, 2023
Samsung Bioepis speeding up interchangeability study of Humira biosimilar
Samsung Bioepis has brought forward its interchangeability study of Hadlima to speed up its processes for obtaining interchangeability designation in the US market, according to industry sources on Sunday. Hadlima is Samsung Bioepis' biosimilar referencing AbbVie’s blockbuster...
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January 05, 2023
CES 2023 to offer glimpse into future lifestyles
... display -- a 32-inch moving screen -- and new rear wheel suspension technologies, which can make lighter future vehicles, at the event. Among leaders of the four largest conglomerates in Korea – Samsung, Hyundai Motor Group, LG and SK Group -- SK Group Chairman Chey Tae-won will atte...
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January 05, 2023
[KH explains] Will hefty tax incentives be Korean chipmakers' savior?
...We still feel a lot of pressure. If we were to say that we want to build a semiconductor manufacturing facility in the US, we have to walk on eggshells,” the official added. Rep. Yang Hyang-ja, a Samsung Electronics executive-turned-lawmaker who leads the special panel on chips, said ...
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January 04, 2023
Ministry plans to boost tax breaks for chip, battery, vaccine makers
...inister said. The government plans to come up with a detailed revision within this month and send it to the National Assembly for approval. The country is one of the chip powerhouses and home to Samsung Electronics and SK hynix. With the tax break scheme, it joins other countries seek...
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January 03, 2023
‘Seize chances to thrive in times of crisis’
... constitution and organizational culture for the future, let's make investments more actively." Samsung Electronics co-CEOs Han Jong-hee & Kyung Kye-hyun “In the battery and electronic materials in...at the right time and securing next-generation technology in a preceding manner.” ...
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January 02, 2023
Biopharma firms suffer W55tr loss in market cap in 2022
... companies that saw significant drops in market capitalization included Hanmi Science (39 percent), ST Pharm (36.6 percent), Alteogen (39.4 percent) and GC Pharma (40.6 percent). In the meantime, Samsung Biologics and Yuhan avoided severe damages, keeping their losses in market capital...
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January 01, 2023
Samsung to offer hefty bonuses to workers at chip business division
Samsung Electronics will provide a maximum of 50 percent of their annual salaries as bonuses to the employees of its chip business unit at the end of January, industry sources said Thursday. The wor...each division’s fourth-quarter business performance. It will likely be finalized and i...
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December 29, 2022
Samsung CEOs hold rare meeting amid recession woes next year
South Korea’s largest conglomerate Samsung Group recently held a rare gathering of CEOs of all affiliates in an apparent move to ramp up preparedness for a global economic downturn next year coupled ...everal emergency meetings this year. At the end of June, 25 CEOs of key tech companies...
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December 29, 2022
Genshin Impact-themed Samsung foldable phones sell out in 14 minutes
...ction role-playing game, or RPG, has demonstrated its popularity once again as the game-inspired Samsung Electronics foldable smartphones and earbuds sold out shortly after they went on sale last week...med Buds 2 Pro earbuds were all gone only 14 minutes after they became available for...
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December 28, 2022
Samsung drives 63% surge in foldable phone sales in 3Q: report
...t in the third quarter this year, despite the stagnant smartphone market, owing to high sales of Samsung Electronics’ foldable devices, according to industry tracker Counterpoint Research on Tuesday. ...e report showed. The market researcher said the phenomenon was largely due to robu...
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December 27, 2022
Battery makers shell out to lure US tech talent
..., the company bumped up the 401(k) matching contribution up to 6.5 percent, up from last year’s 6 percent.” Under a 401(k), employers contribute a certain amount to employees’ retirement savings. Samsung SDI, which is poised to build a joint plant with Stellantis in Indiana by 2025,...
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December 26, 2022
'Half-baked' chips act falls short of drastic corporate tax cuts
...ised the corporate tax break for facility investment to 8 percent for large corporations such as Samsung Electronics and SK hynix, from the previous 6 percent. Tax breaks for medium-sized enterprises.... South Korea sets it at 8 percent. How would that foster competitiveness?” Rep. Ya...
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December 26, 2022
Battery giants to see W50tr revenue amid booming EV market
South Korean battery giants -- LG Energy Solutions, Samsung SDI and SK On -- are expected to see a combined sales of some 50 trillion won ($39 billion), marking a record-breaking year amid burgeoning...rocket 95.3 percent to 1.5 trillion won, surpassing the 1 trillion won mark for the fir...
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December 23, 2022
Two Korean firms eye Lucentis' W32b market with biosimilars
Samsung Bioepis and Chong Kun Dang are expected to launch their biosimilar versions of Lucentis, an age-related macular degeneration, or AMD, medicine sold by Novartis and Roche, according to industr...won per 3 mg, even though they are covered by the national health insurance program. M...
December 24, 2024
