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August 18, 2022
Full-fledged succession looms after pardon for Samsung’s Lee Jae-yong
Samsung is envisioning a change in governance structure as a presidential pardon has virtually normalized de facto leader Lee Jae-yong’s control over the nation’s largest conglomerate. Lee Chan-hee,...ed in 2020, which might force Samsung Life Insurance to hold no larger than...
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August 18, 2022
[From the scene] Seoul’s first Formula E race leaves much to be desired
... not live up to the name value of the global race. Only a number of companies, such as carmakers Porsche and Mercedes-Benz, set up promotional booths, as other global firms including ABB, DHL and Samsung Electronics used the experience zone to showcase their latest devices. Irrelevant...
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August 18, 2022
Galaxy Watch5 adopts most advanced sleep tracking: Samsung exec
Samsung Electronics’ newest smart wearable device -- the Galaxy Watch5 series -- offers the world’s most advanced sleep-tracking technology, Executive Vice President Yang Tae-jong said in a press con...rovide customized-programs to users for better, healthier sleep habits. He also point...
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August 18, 2022
Foreign holdings of Korean stocks hit 13-year low
... on average, compared with gains of 6.48 percent and 6.22 percent achieved by foreign investors and institutions, respectively. The Kospi soared 9.07 percent in the same period. Market bellwether Samsung Electronics was the No. 1 choice for individual investors, while battery maker LG ...
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August 18, 2022
SK invests $250m in Bill Gates’ TerraPower
...Gates is expected to visit the group’s vaccine maker SK Bioscience’s research and development center in Pangyo, Gyeonggi Province. There has not been any response from Gates or any South Korean firms regarding speculations that the tech billionaire would meet with the country’s key business le...
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August 17, 2022
On presidential pardon, Lotte chief vows investment in biotech, hydrogen
...ing K-Sports Foundation, an organization closely connected to Choi Seo-won, t hen known as Choi Soon-sil, confidante of the former President Park Geun-hye, and was later released on parole. Unlike Samsung chief Lee Jae-yong, who also received pardon, Shin was not under the employment re...
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August 17, 2022
Pardon clears way for Lee to fill Samsung’s leadership void, spur investment
President Yoon Suk-yeol’s decision to grant a special pardon on Samsung heir Lee Jae-yong on Friday is expected to speed up his return to leadership of Korea’s largest family-controlled chaebol and t...he tech giant, as Samsung C&T holds a 5.01 percent stake, while Samsun...
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August 17, 2022
Samsung Biologics signs tentative CMO deal with AstraZeneca worth $350m
Samsung Biologics has tentatively signed a deal worth 457 billion won ($350 million) with AstraZeneca on contract manufacturing, the company said in a regulatory filing Friday. The two sides reached... to include “increases in demand” from AstraZeneca. The renewed deal accounts for 29...
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August 17, 2022
[SOFT POWER RISING] From fast chasers to drivers of national brand
The first Samsung product that Richard Craig, a 37-year-old American living in Tianjin, China, owned was a 42-inch flat screen TV he bought in 2009 in the US. Ten years later, the longtime iPhone use...e Samsung products, the tech giant said. One in every 5 smartphones in the wo...
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August 11, 2022
[Newsmaker] Samsung foldables to get chipset upgrade
Samsung Electronics, a chips-to-smartphones company, said Wednesday it plans to roll out its clamshell Galaxy Z Flip 4 and foldable Galaxy Z Fold 4 on Aug. 26 in South Korea, the United States and Europe. Both the Z Flip 4, a more affordable version of the Samsung premium phone...
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August 11, 2022
[MARKET EYE] Insurers brace for bumper bill on growing reports of flooded cars
...s for flooded imported luxury cars received by the country’s four largest insurance companies -- Samsung Fire & Marine Insurance, DB Insurance, Hyundai Marine & Fire Insurance and KB Insurance -- reac...have been falling since Tuesday as the market expects them to have to foot the exor...
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August 11, 2022
Samsung suffers heavier taxes, hiring costs than TSMC: think tank
... burden of corporate taxes and cost per hire are weighing on South Korean chipmaking giants like Samsung Electronics, indicating the unfavorable conditions leave them behind competitors like Taiwan-ba...rom what TSMC has to pay. But the electricity cost was more than 20 percent higher f...
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August 10, 2022
Floods ravage Seoul area shopping malls, hospitals
... and a Starbucks at the Starfield Coex Mall, Gangnam-gu, were bombarded with rainwater from both Samsung Station Line No. 2 and Bongeunsa Station on Line No. 9. Leakage from the ceiling soaked books ...cking the situation,” said an official from the construction industry. The constru...
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August 10, 2022
Nearly 5,000 vehicles flooded due to heavy rain
...Distributors Association. The figure accounts for 37 percent of all registered cars in Gangnam. Samsung Fire & Marine Insurance alone received over 1,800 claims for flooded cars by 2 p.m. Tuesday, am...ge coverage of around 700 imported cars and 1,100 domestic cars could cost up to 30 ...
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August 10, 2022
Korean battery makers keep close tabs on US Inflation Reduction Act
...V supply chain. Immediately, Korean battery cell makers including LG Energy Solution, SK On and Samsung SDI are likely to enjoy a windfall, as the new bill effectively puts a lid on Chinese rivals’ s...NE Research. LG Energy Solution’s production capacity grew 6.9 percent, while tha...
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August 10, 2022
Korea to draft frequency spectrum plan to support EV, UAM
... revitalization while minimizing such concerns. The ministry previously held a roundtable with industry leaders of information and communication technology at the end of July. Companies including Samsung Electronics, Hanwha Systems, Hyundai Motor Group and Naver Cloud demanded changes ...
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August 09, 2022
Tech giants deploy NFT to diversify customer services
Industry behemoths are utilizing non-fungible tokens not only as a marketing tool but also to provide more diverse services to their customers, according to industry insiders on Monday. Samsung Electronics has signed a memorandum of understanding with Samsung Digital Plaza, Shi...
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August 09, 2022
Seoul weighs ‘Chip 4’ alliance as ties with China hang in balance
...a’s retaliation. Seoul has had to tread carefully around Beijing, as memory chip giants such as Samsung Electronics and SK hynix fear that its chipmaking base in China might be affected by Seoul‘s de... final approval of US President Joe Biden, will restrict the beneficiaries of the ...
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August 09, 2022
Golfwear market expands in S. Korea
... its golf wear brand Kakao Friends Golf in June, and popular activewear brand Xexymix launched its golf product line in May. Large conglomerates have also been jumping into the business, with CJ, Samsung Construction and Trading and Shinsegae all launching golfwear brands earlier this ...
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August 08, 2022
SK hynix’s W122tr chip cluster project hits snag over water dispute
... of water, electricity and land required to run a semiconductor factory. It took five years for Samsung Electronics to resolve a conflict surrounding a 23-kilometer power cable from Anseong, Gyeonggi...ction called on Samsung to build a tunnel and bury the cable underneath, c...
December 24, 2024
