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September 29, 2022
Samsung insurers to invest $650m in Blackstone alternatives portfolio
Samsung Group’s insurance units signed a deal worth $650 million with US-based private equity firm Blackstone to expand its global alternative asset portfolio, the Korean insurers said Wednesday. Sa...-- Samsung Life Insurance, Samsung Fire & Marine Insurance, S...
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September 29, 2022
[Herald Interview] Why Korean chip engineers should watch next-gen standard
...s PCI Express standard, in an interview with The Korea Herald. South Korean powerhouses such as Samsung Electronics and SK hynix -- both of which are PCI-SIG members -- are no exception, he added. P...rd form factor," Solomon said. The memory chip bottleneck has been a cause for conc...
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September 29, 2022
Samsung Biologics earns gold status in EcoVadis' CSR rating
Samsung Biologics has scored a “Gold Sustainability Rating” from global business evaluator EcoVadis for its sustainability efforts, the South Korean contract development and manufacturing organization company said Wednesday. According to Samsung Biologics, the CDMO giant rece...
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September 29, 2022
Samsung’s SmartThings devices exceed 10 million units
Samsung Electronics’ smart home platform SmartThings has hit the 10 million mark in connecting devices and home appliances around the world as of Sept. 12, the South Korean tech giant said Wednesday....to bolster connectivity. The number of connected devices has doubled every year since...
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September 28, 2022
'Memory downcycle could last until 2025'
...gh the rebound in consumer demand is on track, the increasing supply will dampen the memory downcycle, affecting the industry largely dominated by a handful of players including South Korean firms Samsung Electronics and SK hynix. The increase in capacity with new fabs waiting to go op...
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September 27, 2022
Seoul braces for energy crisis this winter
... consumption last year was for industrial use, over 60 percent of which was consumed by the country’s 30 largest companies. The government is set to sign a deal with those 30 companies, including Samsung Electronics, SK hynix and Posco next month to make them use energy more efficient...
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September 26, 2022
Decoding Lee Jae-yong's fandom
...o return to the boardroom, two years after his father's death. Lee's public appearance in major Samsung locations at home and abroad -- including at chip plants, construction sites and offices -- hav...aising speculations that he might soon be promoted to chairman as early as November,...
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September 25, 2022
Collaboration with fashion designers growing trend in manufacturing
...e local manufacturing industry, with a growing number of consumers looking to own unique items. Samsung Electronics, the country’s tech giant, said Friday it has launched a limited edition of Galaxy ...nd 2.19 million won. The original price of the mobile phone is 1.4 million won, acc...
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September 25, 2022
[Market Eye] Can Arm stake deal spur Samsung's breakthrough?
Samsung Electronics Vice Chairman Lee Jae-yong's planned meeting next month with SoftBank founder Masayoshi Son raises the expectation that the South Korean tech giant could find a breakthrough with ... be on the table, a meeting between Lee and Son would at least provide a forum for the ...
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September 22, 2022
Samsung's Lee to meet SoftBank's Masayoshi Son possibly over Arm deal
Samsung Electronics Vice Chairman Lee Jae-yong said Wednesday that he plans to meet SoftBank founder Masayoshi Son next month as the Japansese tycoon visits Seoul. "Next month, Son is expected to vi...roversial merger of Samsung C&T and Cheil Industries in 2015, a deal that had...
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September 21, 2022
Portion of renewables in Korea's power generation tops 20% for 1st time
...s have raised concerns that local enterprises would have difficulty fulfilling the RE100 target, under which they will use 100 percent renewable energy without resorting to fossil fuels, by 2050. Samsung Electronics and many others, including some public firms, have joined the RE100 sc...
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September 21, 2022
Korean battery makers set for growth as demand outside China soars
Three major South Korean battery cell makers -- LG Energy Solution, SK On and Samsung SDI -- are projected to see steady growth in revenue and profitability in the next few years as they race to meet...ak-even point as of 2023 and achieve a 5 percent profit margin by 2025. "LG Energy Sol...
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September 20, 2022
Memory chip downtrend haunts Samsung, SK hynix
South Korean semiconductor stocks are treading on a bumpy road as slowing orders in the chip industry plaguing memory powerhouses Samsung Electronics and SK hynix have dampened prospects. Since January, Samsung Electronics' share price has fallen nearly 30 percent, while its ho...
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September 19, 2022
Samsung chip plants look to stamp out carbon footprint
Such abatement technologies are a core part of Samsung Electronics' renewed green commitment under the "New Environmental Strategy" unveiled Thursday, aimed at fully transitioning to renewable energy and achieving net-zero emissions. Samsung has pledged a 7 trillion won ($5 bil...
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September 19, 2022
Korean drugmakers unfazed by Biden order to beef up US bio sector
...rald that this could be a chance for Korean companies to set up plants in the US. For instance, Samsung Biologics -- the world’s largest CDMO by production capacity -- could speed up its long-conside...build bio infrastructure over the next five years. But considering that the constru...
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September 16, 2022
Samsung Electronics targets zero-carbon transition by 2050
Samsung Electronics said Thursday it has joined the RE100 initiative to set net-zero targets by 2050 and ensure the full use of renewable energy, making a major shift in the IT devices manufacturing ...r Climate, sent a letter demanding Samsung exit from coal and set more ambiti...
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September 15, 2022
Lee Jae-yong heads for Panama, first importer of Samsung's color TV
Samsung Electronics Vice Chairman Lee Jae-yong has visited Panama to hold talks with Panamanian President Laurentino Cortizo and meet Samsung executives there, the tech giant said Wednesday. The isthmus country, which connects Central and South America, was the first importer o...
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September 15, 2022
Korean won sinks to worst level since 2008 financial crisis
....12 points or 1.56 percent to 2,411.42 from Tuesday, prompted by a sell-off by foreign and institutional investors. Internet firms Naver and Kakao fell about 3 percent and 2 percent, respectively. Samsung Electronics, the world’s largest memory chipmaker, also dropped a little over 2 p...
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September 13, 2022
Samsung chief visits Mexico during Chuseok holiday
Mexico is home to a Samsung white goods plant, an auto parts plant, as well as a television manufacturing plant in Tijuana, a city bordering with the United States, largely targeting North American m...and Hwaseong; Gyeonggi Province; Samsung Engineering Global Engineering Cente...
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September 13, 2022
Memory down cycle to unseat Samsung
Samsung Electronics is projected to see a 19 percent drop in quarterly sales during the July-September period, which will drop the tech giant to the second place in the world's semiconductor market b... foundry company TSMC's swift rise to the top, data showed Monday. The third-quarter r...
December 24, 2024
