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October 24, 2022
After soaring past W75tr, can ETF market keep growing?
...noting the surging interest, have been aggressively expanding their ETF business more than ever. Samsung Asset Management, a pioneer in the local ETF market by listing Kodex 200 on the KRX two decades...by 2032. “It is viable to say that Korea’s ETF market value will hit 300 trillion...
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October 23, 2022
EcoPro-Samsung SDI JV builds world's largest cathode active material plant
...rovince. All of the critical material produced in the facility, named CAM7, will be supplied to Samsung SDI, the world's sixth-largest battery supplier, with some 5 percent of the global market share...tory captures a historic moment in which the nation steps up its game in these indus...
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October 23, 2022
FuriosaAI to begin producing first silicon chip in November
...-produce its first-generation product beginning later this year, its Chief Executive Officer June Paik said Thursday. The semiconductor product, dubbed Warboy, will be mass-produced in tech giant Samsung Electronics' chip plant, using Samsung's 14-nanometer node with fin fiel...
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October 20, 2022
[KH Biz Forum] Technology to empower humanity in new digital age
...ormation and bet on what the future holds is on the horizon, Dietz said. Prime Minister Han Duck-soo, Science and ICT Minister Lee Jong-ho, Seoul Mayor Oh Se-hoon and Rep. Yang Hyang-ja, a former Samsung Electronics executive who chaired a special committee on raising Korea’s competit...
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October 19, 2022
The Korea Herald kicks off forum on technology reshaping humanity
... Institute, will lay out challenges and opportunities for mRNA vaccines. Prime Minister Han Duck-soo, Science and ICT Minister Lee Jong-ho, Seoul Mayor Oh Se-hoon and Rep. Yang Hyang-ja, a former Samsung Electronics executive who chaired a special committee on raising Korea’s competit...
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October 18, 2022
Up to W22b sales loss estimated for Kakao over service disruption
...ter their services are fully back to normal. Despite Kakao’s assertion of the blackout having “limited financial impacts,” market experts forecast a blow to earnings. Oh Dong-hwan, an analyst at Samsung Securities, pointed out that although KakaoTalk’s messaging service was stoppe...
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October 18, 2022
Samsung opens remote offices to boost hybrid working
South Korean tech giant Samsung Electronics announced Monday it has opened six shared working spaces to nurture a hybrid work environment and flexible work culture. Two of the six spaces are located outside Samsung offices, in Seoul and Daegu, and the other four in Suwon, Gyeon...
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October 17, 2022
Kakao, Naver malfunctions leave investors shuddering
...ra Securities lowered Naver’s target price from the previous 340,000 won to 180,000 won, while downgrading its rating from “buy” to “hold.” Korean brokerages such as NH Investment & Securities and Samsung Securities lowered the portal operator’s target price from 360,000 won to 27...
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October 17, 2022
Samsung digital wallet service to arrive at 13 more countries
Samsung Wallet, a digital wallet and digital certificate platform known as Samsung Pay in South Korea, will become available in 13 more countries by the end of this year, tech giant Samsung Electronics announced Friday. The service will be expanded to Bahrain, Denmark...
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October 14, 2022
Samsung Electronics top stock held by Yoon officials
Samsung Electronics stocks were the most popular among senior officials serving as vice ministers or in higher positions for the Yoon Suk-yeol administration, according to a local data firm report re...ing stocks held by such immediate family members as spouse and children, as of Friday l...
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October 13, 2022
Korean chipmakers given 1-year grace period on US chip exports curb on China
... needed for development and production of DRAM semiconductors in Chinese facilities without additional licensing requirements,” the company said in a statement. The same waiver will be applied to Samsung Electronics, SK hynix's hometown chipmaking rival, which also runs a chip fabrica...
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October 12, 2022
Lotte signs W2.7tr deal to acquire Iljin Materials
...based SK Nexilis and Chinese rivals Watson and Chang Chun, according to SNE Research. Iljin Materials has supplied the battery material to Korean lithium-ion battery makers LG Energy Solution and Samsung SDI. It boasts some 60,000 tons of copper foil production capacity annually, with ...
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October 12, 2022
SK Siltron, UK-based IQE to develop semiconductor wafers for 5G, auto chips
...s communications market, whereas the silicon wafers will be applied to electric cars, smart devices and fifth-generation network infrastructure like massive Multiple Input Multiple Output base stations. SK Siltron is Korea's only silicon wafer manufacturer that supplies chip substrates to domest...
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October 12, 2022
Samsung vows W7.5tr investment in Biologics over next 10 years
By Kan Hyeong-woo ( hwkan@heraldcorp.com )
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October 11, 2022
Naver, Kakao shares lose W63tr of market cap
...f end-June. “Kakao is making efforts to protect its profitability by minimizing its downsizing, its hiring and webtoon marketing as a drop in its ad revenue is expected for the rest of the year,” Samsung Securities analyst Oh Dong-hwan said. “If the current economic slowdown become...
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October 10, 2022
US chip export curbs won't likely hurt Samsung, SK hynix: lawmaker
...trial Economics and Trade. SK hynix said in a statement the company "is ready to make its utmost efforts" to get the US government’s license and vowed to work with the Korean government and keep the operation of chip plants in China undisturbed, while still complying with the international orde...
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October 05, 2022
Samsung aims to produce 1.4nm chips from 2027
Samsung Electronics unveiled a five-year road map for its contract chipmaking business Monday, saying it would start producing chips using the 2-nanometer technology in 2025 and the 1.4-nanometer tec... than 60 percent of the market, while Samsung owns some 15 percent. Shrinkin...
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October 04, 2022
All eyes on SoftBank chief’s Seoul visit on Arm deal
SoftBank Group Corp. CEO Masayoshi Son arrived in Seoul on Saturday to meet business leaders, including Samsung Electronics Vice Chairman Lee Jae-yong, on a possible deal involving UK chip designer Arm. His visit comes after the Samsung chief hinted at their planned meeting lat...
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September 30, 2022
Chip wafer maker SK Siltron to invest W2.3tr by 2026
...hips. The company will also consider additional spending of 400 billion won depending on market conditions. This is in addition to a 1.05 trillion won spending plan unveiled by wafer supplier for Samsung Electronics and SK hynix in March at the same location. The decision comes in the...
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September 30, 2022
[Herald Interview] Volvo CE bets big on potential of electric excavators
...arket opportunity in Korea,” explained Kuta. The ECR25 is a 2.5-ton all-electric compact excavator equipped with a 20 kilowatt-per-hour battery pack that is supplied by South Korean battery maker Samsung SDI. The vehicle can be operated for four hours on a single charge. Using an opti...
December 24, 2024
