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December 23, 2022
SK Group chairman: Chip market's downturn will continue, but not for long
...miconductor industry as a whole will face a hard time, but I don't think it will last that long,” he said. The conglomerate’s flagship SK hynix is the world's second-largest memory chipmaker after Samsung Electronics and the world's third-largest semiconductor company. In the shiftin...
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December 21, 2022
Samsung chief heading to Vietnam to inspect new R&D center
Samsung Electronics Chairman Lee Jae-yong is expected to head to Vietnam this week to celebrate the completion of the company’s new research and development center, according to industry sources on T...der to attend the ceremony, Lee cancelled his attendance at the weekly trial proceedin...
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December 20, 2022
Samsung, SK hynix to face grim Q4 due to weak demand: report
South Korea's leading semiconductor makers Samsung Electronics and SK hynix face a grim outlook in their fourth quarter sales due to sluggish demand for memory chips, a report said on Monday. In a report, Daol Investment and Securities forecast that Samsung Electronics, the wor...
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December 20, 2022
[Feature] Unstaffed stores with ever-changing prices offer glimpse of future
...'s expiration date, remaining stock and the local district's demand for the product. Applying the visible light communication technology to a convenience store helped the startup be selected as a Samsung Electronics' in-house venture program. With help from the Korean tech behemoth, L...
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December 19, 2022
Top executives of S. Korean conglomerates join CES, WEF next year
...es for executives from the country's top five conglomerates to join the WEF next year, including Samsung Electronics Executive Chairman Lee Jae-yong. SK Group's Chey is concurrently serving as co-cha...s. It will be his first visit to the tech trade show after he became the chairman of...
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December 19, 2022
Samsung, BMW chiefs ramp up EV battery alliance
Chief executives of Samsung Electronics and BMW Group, two leading business moguls in tech and automotive industries, met on Saturday to strengthen their electric vehicle battery alliance. Samsung E...o chiefs participated in a handover ceremony of 10 BMW New i7s, its first fla...
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December 19, 2022
Retail Investors' top 10 shares log negative return rates
Korea's top 10 most popular stocks among retail investors, including tech titan Samsung Electronics and internet giants Naver and Kakao recorded negative return rates this year, as shares end lower o...ght by individual investors in Korea were Samsung Electronics, Naver, Kakao, ...
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December 15, 2022
Shinsegae chairwoman's W28b mansion is most expensive in Korea: data
... housing prices and worsening economic conditions. DL Group Chairman Lee Hae-wook’s Gangnam residence in southern Seoul came second, with a declared value of 18.2 billion won. A mansion owned by Samsung’s Hoam Foundation nabbed the No. 3 spot with a declared price of 16.8 billion wo...
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December 15, 2022
[From the Scene] Daewoo’s Starlake City, a new posh neighborhood in Hanoi
...sation BTS,” he said. Bilingual schools – from elementary to high schools – that teach in Vietnamese and English are scheduled to be built within the posh neighborhood. In the commercial area, a Samsung Research and Development Center is set to complete construction this month. Oth...
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December 14, 2022
JTBC’s ‘Reborn Rich’ intrigues with enigmatic chaebol stories
... Korea Herald. Chaebol are largely seen as having extraordinary influence on Korean society, as they dominate the South Korean economy. Even now, the top 10 chaebol-owned conglomerates, including Samsung and Hyundai Motor Group, make up more than half of the country’s gross domestic p...
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December 14, 2022
LG-GM joint venture secures $2.5b from US government to fund EV battery plants
...ficially launch the Department of Energy’s Battery Workforce Initiative in Dearborn, Michigan, on Monday, local time. Representatives from the South Korean battery makers -- Chun Sei-won, CEO and Samsung SDI America, and Denise Gray, head of external affairs and government relations a...
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December 13, 2022
Samsung to hold global strategy meeting amid business uncertainties
Samsung Electronics, which completed its annual executive reshuffle Friday, will embark on a global strategy meeting starting this week to establish business strategies for next year amid persistent ...rowth engine plans for the upcoming year. The upcoming meeting will also be the first ...
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December 12, 2022
Vietnam at the center of Samsung’s renewed R&D push
...tnam – Gone are the days when Vietnam served as a cheap manufacturing base for global companies. Samsung Electronics, among others, have more recently been investing heavily to nurture a new research ...nt center later this month, the South Korean tech giant held its recruitment test, ...
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December 12, 2022
Will Apple Pay contend in land of Samsung Pay?
...ns. “We are still discussing some additional matters before its official launch,” the representative told The Korea Herald, declining to further elaborate on the exact launch date. Some users of Samsung’s Galaxy smartphones also said they would be more willing to switch to Apple’s...
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December 12, 2022
24 Korean firms named to Dow Jones' sustainability index
KB Financial has made it on the list for the seventh year, while Samsung Group’s construction unit Samsung C&T Corp. has been included on the list for six years straight. Kakao, Samsung Biologics and...der Samsung SDS were newly included in the index. In th...
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December 08, 2022
Vietnam’s industry minister urges energy, resource investment from S. Korea
...ember, and are expected to record $90 billion by the end of this year and $100 billion next year.” The minister pledged to actively communicate with some 9,000 South Korean companies -- including Samsung Electronics, Hyundai Motor Group and Daewoo E&C -- and address any grievances fro...
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December 07, 2022
Samsung, Naver team up to develop AI chips
Samsung Electronics said Tuesday that the company will collaborate with local internet giant Naver to develop next-generation semiconductor solutions for advanced artificial intelligence systems. Th...ficiency in power consumption as well. Naver's scope of hyperscale AI technology will ...
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December 07, 2022
Samsung chief inspects Barakah nuclear plant site in UAE
Samsung Electronics said Tuesday Chairman Lee Jae-yong visited a Samsung C&T construction site of a new nuclear power plant in the United Arab Emirates and encouraged workers there. The construction... construction site, Lee was also briefed on local operations and strategies b...
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December 07, 2022
Samsung promotes execs in 30s, 40s in push for change
Samsung Electronics on Tuesday promoted a total of 187 executives in a year-end reshuffle, including young leaders in their 30s and 40s, in an apparent attempt to push for change amid business uncert...formance and growth potential with an aim to strengthen the company’s readiness for th...
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December 04, 2022
Top 10 chaebol groups still reliant on internal trade
....9 percent last year from 13.1 percent of the previous year. By conglomerate, Hyundai Motor Group recorded 45.2 trillion won in in-house transactions, followed by SK Group with 35.9 trillion won, Samsung Group with 29.6 trillion won and LG Group with 15.2 trillion won. Most of the tra...
December 24, 2024
