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August 30, 2022
‘An alien working at Samsung‘: S. Korean tech giant unveils new avatar
Samsung Electronics revealed Monday a teaser which featured its new virtual alien avatar named G-Nusmas. According to Samsung’s video posted online, the small blue extraterrestrial invader, original...inspiration for “an alien working at Samsung” came from humorous...
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August 30, 2022
TV war looms ahead of IFA week
South Korean tech rivals Samsung Electronics and LG Electronics are heading to Berlin this week to show off their latest home appliances, including flagship TVs, during the IFA trade show that kicks ...ave been stalled -- reportedly owing to conflict of interests among their affiliates. C...
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August 30, 2022
Execs paid over W500m up 13% in H1
...emuneration at 134 billion won, followed by SK with 111.5 billion won, LG with 76.7 billion won, Samsung with 59.9 billion won and GS with 28.3 billion won. Two ex-Kakao CEOs, Joh Su-yong and Yeo Min...le in the country in the first half of last year, the group had a total of 14 people...
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August 28, 2022
FSC deputy chairman is S. Korea‘s ‘richest’ civil servant
...r operator headed by one of Kim’s family members. Kim is the second-largest shareholder of the company. Other stock investments included shares worth 314 million won in local businesses including Samsung Electronics, LG Electronics and Woori Financial Group. The value of Kim’s real ...
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August 26, 2022
Allink offers new NFT experience to Samsung New Galaxy NFT holders
Allink, an NFC tag-based information transfer solution company, has partnered up with Samsung Electrionics, the company said Thursday. Allink provided a non-fungible token solution that enables mobi...ers can have access to in-store benefits on their Thetadrop wallet by tapping on Allink...
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August 26, 2022
Korea to seek joint response with EU over Biden’s bill
...ial segments in Seoul on the day, saying the Korean government would not spare any effort to map out measures in close collaboration with the private sector. Participants included executives from Samsung Electronics, SK hynix, Hyundai Motor, LG Energy Solution, Samsung SDI, S...
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August 26, 2022
Samsung, Gates Foundation complete Reinvent the Toilet project
Samsung Electronics said Thursday it celebrated the completion of the Reinvent the Toilet project that has been conducted over the past three years in collaboration with the Bill & Melinda Gates Foun...ed countries deliver more inclusive sanitation services that reach the poorest communit...
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August 25, 2022
Samsung C&T wins W800b solar power plant project in Qatar
Samsung C&T said Wednesday it has inked an 800 billion won ($592.52 million) engineering, procurement and construction contract with QatarEnergy to build solar power plants with the capacity to gener...lue chain from renewable energy generation to project management as well,” said an off...
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August 25, 2022
Lotte Chemical becomes sole bidder for Iljin Materials
...lis, another South Korean copper foil manufacturer, topped the list with a 22 percent market share. Iljin Materials announced last month that the company landed an 8.5 trillion won deal to supply Samsung SDI copper foil until the end of 2030. In May, Lotte Chemical said the company wi...
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August 24, 2022
Big businesses in Korea see 50% surge in inventory
...electronics sector recorded a 60.8 percent increase to 50.4 trillion won. The inventory held by Samsung Electronics and SK hynix surged by 68 percent and 160 percent, to 32.7 trillion won and 2.3 tri...eyed, NCSoft topped the list with a 793 percent increase, followed by LIG Nex1 with ...
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August 24, 2022
Nearly one-third TVs sold worldwide made by Samsung
Samsung Electronics continued its winning streak in global TV sales, selling nearly one-third of TVs across the world in the first half, according to market tracker Omdia on Tuesday. In the first si...wns in China’s major cities and inflation fears as the key reasons behind the slowing ...
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August 24, 2022
LG Display to release mid-sized OLED panels for gaming monitors
...into the higher-end technologies for gaming monitors that enables an immersive user experience with more vivid colors and smoother display than light-emitting diode panels. Crosstown rival Samsung Display, a flat-panel display arm of Samsung Electronics, started supplying its...
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August 23, 2022
Samsung to expand Bespoke lineup in Europe
Samsung Electronics said Monday it is unveiling a wider lineup of its Bespoke home appliances at the upcoming IFA trade show in Germany in a renewed sales push in the European market. The Bespoke br...t 2 million units of its flagship Bespoke refrigerator since its debut in 2019, and 2 o...
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August 23, 2022
Battery material firm L&F to spend W650b on expansion in Daegu
...venue and 114.4 billion won in operating profit in the first half of the year. The company supplies cathode active materials to Korean lithium-ion cell manufacturers LG Energy Solution, SK On and Samsung SDI. It already runs factories in Daegu and Chilgok County, North Gyeongsang Provi...
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August 23, 2022
Samsung to offer free repairs of over 90,000 defective washing machines
South Korean consumer electronics manufacturer Samsung Electronics has begun to offer free repairs of its defective front-load washing machines whose doors are prone to explode for Korean consumers, ...gency and Korean Agency for Technology and Standards, urged customers who bought three ...
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August 22, 2022
Korean chipmakers’ reliance on China jumps 13-fold over 20 years
...t economy’s total exports to China last year, a surge from 3.2 percent in 2000, said the Korea Chamber of Commerce and Industry, a major business lobby that represents some 300 companies including Samsung Electronics and SK hynix, the world’s top two memory chipmakers. “Korea’s val...
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August 22, 2022
Lotte Chemical makes bid to acquire Iljin Materials
...ehicle, causing increased demand for the material that surrounds cathodes used in batteries. Iljin Materials has supplied copper foil products to Korean battery cell makers LG Energy Solution and Samsung SDI. Iljin Materials logged an operating profit of 46.8 billion won in the first ...
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August 22, 2022
Hyundai Steel bets big on waste recycling in ESG push
...w excrement-based fuel will have the environmental effect of reducing 1.5 tons of greenhouse gas, while helping to reduce reliance on imported raw materials. Hyundai Steel has also teamed up with Samsung Electronics on recycling wastewater sludge generated in the process of semiconduct...
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August 22, 2022
Samsung Electronics Lee launches activities after pardon
Samsung Electronics vice chairman Lee Jae-yong revived his management activities by participating in the groundbreaking of a new semiconductor research and development complex in Yongin, Gyeonggi Pro...aid, “If there had been no drastic research and development investments in next-genera...
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August 18, 2022
Samsung SDI sets up first R&D center in US
Samsung SDI said Tuesday it had set up its first research and development center in the US in an effort to secure technological competitiveness in the burgeoning market for electric vehicles. The Bo... on July 1 that aims to nurture innovative battery manufacturing technology and infrast...
December 24, 2024
