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November 08, 2022
ASML CEO to visit Seoul next week
...yeonggi Province, that aims to bolster responsiveness to local client demands. Korea is home to Samsung Electronics and SK hynix, the world’s top two memory chipmakers, which take up more than 30 per...s outlook in the Korean market. Close attention is also being paid to his possible...
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November 06, 2022
Samsung Biologics underscores commitment to sustainability
FRANKFURT, Germany -- Samsung Biologics’ top official on Wednesday stressed the importance of contract development and manufacturing organization companies’ efforts to reduce greenhouse gas emissions...nies and we have to continue to innovate together,” said James Choi, executive vice ...
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November 06, 2022
Chinese EV battery makers gobbling up market share from Korean rivals
...wth in sales. Sales of SK On, a key supplier to Hyundai Motor’s hot-selling Ioniq 5, almost doubled to 21.2 GWh to be ranked fifth with 6.2 percent market share, up from last year’s 5.7 percent. Samsung SDI, the sixth in the rankings, suffered a slight decline in market share from 5...
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November 06, 2022
Samsung appoints trade, energy specialists as new outside directors
Samsung Electronics on Thursday held an extraordinary shareholders meeting – the first in six years – to appoint two outside directors – Yoo Myung-hee, a former trade minister, and Heo Eun-nyeong, an...orld Trade Organization in 2020. Yoo, a trade specialist, is expected to offer cons...
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November 06, 2022
[From the Scene] Korean firms' presence at CPhI triples this year
...ional convention gathered approximately 2,500 companies from 170 countries with over 40,000 attendees. Korean household names such as Celltrion, Daewoong Pharmaceuticals, Hanmi Pharmaceutical and Samsung Biologics set up sizable booths to promote their pipelines as well as installed bu...
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November 03, 2022
Proxy battle looms at Samsung as Lee Jae-yong tightens grip
Lee Jae-yong’s formal ascension to the top seat at Samsung Electronics, the crown jewel of the nation’s largest conglomerate, is fueling speculation about potential changes in the founding family’s g...with his tiny 1.6 percent stake in Samsung Electronics. Lee and his famil...
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November 03, 2022
[Herald Interview] ‘Biopharmas in midst of manufacturing revolution’
...2016, the M Lab Collaboration Center has trained over 1,000 researchers and engineers to help them optimize their own manufacturing processes while supporting over 100 customer programs, including Samsung Biologics, Celltrion and SK Bioscience. As for the reasons behind Merck’s commit...
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November 02, 2022
Samsung Electronics marks 53rd anniversary in low-key
Samsung Electronics on Tuesday marked the 53rd anniversary of its foundation in a toned-down event, out of respect for the victims of the recent deadly Itaewon crowd crush. The annual event, held at...nning high that recently promoted Chairman Lee Jae-yong would unveil concrete plans for...
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November 02, 2022
Samsung's W130tr market cap evaporates in 10 months
Sixteen affiliates of South Korea's No. 1 business conglomerate Samsung have seen a drop in stock market cap by 129.36 trillion won ($90.78 billion) combined during the period of January to October, ...emand from persisting external uncertainties, such as Russia's invasion of Ukraine, as ...
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November 02, 2022
Samsung Biologics emphasizes speed
FRANKFURT, Germany -- Samsung Biologics, a leading South Korean contract development and manufacturing organization, has highlighted its speed in expanding production capacity and bringing clients’ d... market. We allow our customers to bring their products faster to the market,” said K...
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November 01, 2022
SK hynix says Arm stake acquisition 'not underway'
...e-high quarterly loss of $23 billion during the April-June period. In the latest saga, heads of Samsung Electronics, a crosstown chip rival of SK hynix, came together with representatives of SoftBank...aising speculations that SoftBank might consider cashing in on its Arm stake through...
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November 01, 2022
Samsung Biologics looks to woo global customers at CPhI Worldwide
FRANKFURT -- Samsung Biologics, the world’s largest contract manufacturing and development organization by production capacity, is looking to attract global customers at this year’s Convention on Pha...h year, this year’s event is held in Frankfurt, Germany, from Tuesday to Thursday. ...
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October 31, 2022
Korean electronic firms lag behind in renewable transition
...ental group Greenpeace and grassroots organization Stand.earth, Korean electronics goods sellers Samsung Electronics and LG Electronics were ranked "F" in terms of progress toward reducing greenhouse ...mponent vendors also lagged behind with regard to a progress in renewable transition...
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October 28, 2022
Taking Samsung’s top post, Lee Jae-yong vows to seek out transcending technology
Samsung Electronics Vice Chairman Lee Jae-yong has been promoted to chairman of the world's largest chipmaker and smartphone maker, ending a high-profile succession process that took more than three ... C&T, its de facto holding company, holds a 5.01 percent stake. Samsung Life ...
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October 28, 2022
Samsung's operating profit falls 30% amid bleak outlook
Samsung Electronics' operating profits dropped by more than 30 percent on year, despite record sales, amid the weakening business environment in the semiconductor sector. According to Samsung Electronics on Thursday, the company logged 76.78 trillion won ($54 billion) in sales ...
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October 28, 2022
Lee Jae-yong’s succession completes generational shift in Korea's chaebol circle
Samsung Electronics chief Lee Jae-yong’s promotion to executive chairman on Thursday completes the generational power shift among South Korea’s four major chaebols. Lee, 54, is a third-generation ch...siness management stability.” “Amid a deteriorating business management environmen...
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October 27, 2022
Korean tech giants brace for geopolitical uncertainties amid bleak outlook
...nal risk factors are also dragging on other electronics firms in Asia's fourth-largest economy. Samsung Electro-Mechanics, a mobile-to-automotive component supplier, also hinted at a reduced annual c...rs for electric vehicles are also on tenterhooks, although companies like LG Energy ...
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October 26, 2022
Samsung still tight-lipped on Lee Jae-yong's succession
A memorial service honoring the late Samsung Electronics Chairman Lee Kun-hee was held Tuesday, without a major announcement made by the electronics giant in regards to a succession plan for his son ...nniversary were executives of Samsung, including Samsung Electronic...
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October 25, 2022
Chip firms invested 10 times more in China than US: lawmaker
...Rep. Kim Hoi-jae of the Democratic Party of Korea by the Ministry of Trade, Industry and Energy, Samsung Electronics invested $3.8 billion in the US market between 1997 and 2020. This was equal to ju... of the chipmaker’s investment in China, which was $17.1 billion over the correspon...
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October 25, 2022
Korean chipmakers suffer decline in market cap, profitability
...in the world by average market cap from January to September period, only three local players -- Samsung Electronics, SK hynix and SK Square -- were listed, according to the Federation of Korean Indus...China's 42, the United States' 28, Taiwan's 10, seven from Japan and four from the N...
December 24, 2024
