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December 04, 2022
Korean won strengthens after Fed hint at smaller rate hike
...s opened higher Thursday with the benchmark Kospi hitting 2,500 points for the first time in more than three months. It eventually closed at 2,479.84 won. Market heavyweights including tech giant Samsung Electronics led the boost on the Kospi shortly after the stock market opened. The...
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December 04, 2022
Samsung chief's public image improves: poll
One month after Lee Jae-yong was promoted to the top post at Samsung Electronics, South Koreans are found to have a more favorable view of him than before, data showed Thursday. According to researc...out Chairman Lee,” a Data&Research official said. Lee, 54, took office as executive c...
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December 01, 2022
Samsung foldable phone sales double
Samsung Electronics said Wednesday sales of its foldable phones for corporate use more than doubled on-year, partly because more companies have adopted remote working policies in the wake of the COVI...ld4 and Galaxy Z Flip4 -- the latest versions rolled out this year -- led to the sales ...
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December 01, 2022
Foreign investors snap up tech shares
...ery and related tech firms, which are big players in the local stock market. Market heavyweight Samsung Electronics took the lead with foreigner investors buying 1.97 trillion-won worth of shares, fo...ng SDI (1.02 trillion won) and SK hynix (650 billion won). Foreign buyers also boug...
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December 01, 2022
Samsung to expand 5G network solution supply to Japan's NTT Docomo
Samsung Electronics said Wednesday it will boost the supply of 5G network solutions to Japan’s No. 1 mobile operator NTT Docomo. After being chosen as a 5G network solution provider for Docomo in Ma...opment department Masafumi Masuda said the Japanese telecom firm has realized its 5G v...
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November 28, 2022
Breaking the glass ceiling: Chaebol groups make breakthrough with female leaders
...ea’s fourth-largest conglomerate, but for one of the nation’s top five chaebol groups, to appoint a female CEO who is not a member of the founding family. The top five business groups also include Samsung, SK, Hyundai Motor and Lotte. Joining LG H&H in 1986, Lee is known to have play...
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November 25, 2022
LG H&H replaces CEO with 1st female leader
... a statement that Lee and Kim were the first female CEOs among the major business groups here -- Samsung, SK, Hyundai Motor and LG -- excluding chaebol family members. LG also revealed that its number...ng with LG Chem and flat-panel screen maker LG Display. LG was the first chaebol to ...
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November 25, 2022
[Newsmaker] Long-awaited insurance bill reignites debate on Samsung’s ownership structure
... over time as the investment target's market value goes up. In case the bill passes parliament, Samsung Electronics shares worth over 21 trillion won ($15 billion) should be floated on the stock mark...ercent common shares in Samsung Electronics, whereas Samsung Lif...
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November 21, 2022
Samsung tops global brand ranking, outpacing Google, YouTube
South Korean tech giant Samsung Electronics was ranked the highest in United Kingdom-based market research firm YouGov's annual Global Best Brand Rankings in 2022, data showed Sunday. Of 380 brands ...markets polled put Samsung on their respective top 10 lists of global brands ...
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November 20, 2022
Saudi crown prince's visit brings $30b in busines deals
...energy consortium that comprises Korea Electric Power, Korea National Oil, Korea Southern Power, Samsung C&T and Posco signed an agreement with Saudi Arabia's Public Investment Fund to build a $6.5 bi...ing facilities and systems inside Neom, according to industry sources. The crown pr...
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November 20, 2022
Industry steps up lobbying as Korea eyes way out of US inflation act
...n to 80 percent in 2027. A week earlier, Korean battery makers -- LG Energy Solution, SK On and Samsung SDI -- urged the US Internal Revenue Service to push back the timeline, as part of public input...s. “Not only did we throw support behind the Indo-Pacific Economic Framework but c...
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November 20, 2022
Royal suite and 400 rooms: No expense spared for Saudi crown prince's visit
...bian Crown Prince Mohammed bin Salman is known as the “unofficial world’s richest man.” His estimated fortune is said to exceed some 2 trillion dollars. He is scheduled to hold a tea meeting with Samsung Electronics Chairman Lee Jae-yong, Hyundai Motor Group Chairman Chung Eui-sun, ...
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November 20, 2022
S-Oil makes $7b Shaheen petrochemical project official
...rcent shares in the refiner. The announcement comes as Saudi Arabian Crown prince Mohammed bin Salman was visiting Seoul to hold talks with President Yoon Suk-yeol and business leaders, including Samsung Electronics Chairman Lee Jae-yong, to develop economic ties between the two countr...
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November 17, 2022
Conglomerates asked to pledge big for Busan Expo bid
...gest business lobby here, the “special membership fees” were decided based on discussions with the companies during a general assembly in September, with their asset value being the key criteria. Samsung Group has pledged to pay 7 billion won, including 4.7 billion won paid by its cr...
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November 16, 2022
Smilegate founder’s divorce could affect ownership
...ge in Smilegate’s ownership, sources said. According to Forbes, Kwon’s assets are worth some $6.85 billion, taking place as the fifth richest person in Korea, following Kakao founder Kim Beom-su, Samsung Electronics Chairman Lee Jae-yong, MBK Partners Chairman Kim Byung-ju and Celltr...
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November 16, 2022
Microsoft CEO discusses cooperation with SK, NCSoft chiefs
...the Microsoft CEO delivered his keynote speech at the company’s developer conference on how digital has become imperative. The trip to Korea marked Nadella’s first visit in four years. Nadella was also expected to meet Samsung Electronics Chairman Lee Jae-yong during his stay in Seou...
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November 16, 2022
ASML to strengthen foothold in Korea: CEO
...The road maps with our customers extend beyond 2030,” he added. Headquartered in Hwaseong, near Samsung Electronics’ semiconductor factory, ASML Korea operates local offices in Cheongju, North Chungc...ongtaek, both Gyeonggi Province, to offer swift responses and services to its majo...
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November 10, 2022
Korea declares road map to become hydrogen industry powerhouse
...enewable energy without resorting to fossil fuels by 2050. At the meeting, the Ministry of Science and ICT made public ways to support hydrogen technology development for the private sector. Conglomerates and public firms, which will actively participate in the state-led project, will include <...
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November 10, 2022
Samsung not interested in slidable phones: analyst
Foldable phones may have prompted the demand for devices with an expandable screen, but Samsung Electronics seems not interested in slidable phones due to lukewarm marketability, an analyst said Wedn...ldable phones, the analyst dismissed the possibility for them to catch up with the mark...
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November 08, 2022
US expansion matter of when, not if: Samsung Biologics
Samsung Biologics, the world's leading contract development and manufacturing organization by production capacity, is reviewing overseas expansion options with a determined will to set up a productio... "The US expansion is happening eventually. It's not about 'if.' It's about 'when,'" Ja...
December 24, 2024
