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July 22, 2022
S. Korea targets W340tr investment for chip supremacy
...han 150,000 skilled workers in the field. As chips are increasingly being perceived as key economic security assets around the world, South Korea -- home to the world’s top two memory chipmakers, Samsung Electronics and SK hynix -- has also come up with a more comprehensive road map t...
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July 22, 2022
Samsung SDI to invest W1.7tr in 2nd plant in Malaysia
Samsung SDI held a ground-breaking ceremony on Thursday for its new cylindrical battery-making plant in Malaysia. The company will invest 1.7 trillion won ($1.3 billion) in the new battery factory t...the factory will make our Malaysian corporation the center of the global battery indust...
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July 21, 2022
Samsung to debut new foldable phones on Aug. 10
Samsung Electronics on Wednesday sent out invites to the 2022 Galaxy Unpacked event for its new foldable phones that will be held online via its official website at 10 p.m. (Korea time) on Aug. 10. Titled “Unfold Your World,” the event will feature Samsung’s latest Z series,...
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July 20, 2022
SK hynix delays decision on W4tr plant expansion
...unced more than 1,000 trillion won investment plans combined over the next five years, including Samsung’s 450 trillion won, SK’s 247 trillion won, Hyundai Motor’s 63 trillion won and LG’s 106 trillio...amid the recent depreciation of the Korean currency against the US dollar. Othe...
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July 19, 2022
Chipmakers face China dilemma as Seoul mulls joining US-led chip alliance
...uture. Unlike Japan and Taiwan, who seem willing to join the initiative, South Korea -- home to Samsung Electronics and SK hynix, the world’s top two memory chipmakers – has yet to declare its stance...comes to chips, Korea’s key export item, China makes up almost 40 percent of the ...
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July 19, 2022
Samsung Biologics sign deal with Incheon to build Biocampus 2
Samsung Biologics, a leading contract development and manufacturing organization, signed a land sales contract worth 426 billion won ($323 million) with Incheon Metropolitan Government to acquire spa... “We thank the Ministry of Trade, Industry and Energy and Incheon metropolitan city f...
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July 18, 2022
Samsung beats TSMC in advanced smartphone chipset foundry market
Samsung Electronics’ contract-based chip manufacturing operations have surpassed Taiwan-based foundry rival TSMC in terms of smartphone chipset shipments on advanced nodes in the first quarter, data ...ook the remaining 40 percent of market share. The latest achievement was in stark con...
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July 17, 2022
Seoul pressured to join chip alliance against China
...nited States-led chip alliance across East Asia is putting the semiconductor powerhouse, home to Samsung and SK hynix, again in a strategic dilemma. Sitting in the crosshairs of US-China economic war...rough 2021, which is 10 percentage points higher than the US. Moreover, Korean chip...
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July 17, 2022
‘Wage hike pressure due to inflation will be hardest’
... Chey said he thinks Korean companies will manage to withstand the inflationary shock because of their experience dealing with hardship and crisis. Chey believes that granting special pardons to Samsung Electronics Vice Chairman Lee Jae-yong and Lotte Group Chairman Shin Dong-bin on L...
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July 17, 2022
Samsung samples world’s fastest GDDR6 memory using EUV tech
Chip-to-smartphone giant Samsung Electronics said Thursday it has unveiled the industry’s fastest GDDR6-standard memory chips for next-generation graphics cards, using the cutting-edge extreme ultrav...a statement. The new chips will be sampled for customer validations starting July, ac...
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July 13, 2022
Korea’s focus on chips sidelines display industry
...LED panels for TVs and LCD panels for electronic devices like smartphones or laptops, as well as Samsung Display, dedicated to small and midsize OLED panels for IT devices. The domestic industry also...ccording to an analyst consensus by market intelligence FnGuide. Chang Jung-hoon, a...
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July 13, 2022
Only 2 Korean firms listed in top 100 ICT companies worldwide: FKI
...l top 100 ICT companies by market capitalization. According to the FKI’s analysis, South Korea’s Samsung Electronics ranked ninth and SK hynix came in at 56th. With just two Korean companies making t...looks. It pointed out that Korea only has three future global ICT players in the t...
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July 11, 2022
Only 6.3% of Korea’s board members are women: survey
... the latest survey, although the female proportion was on the rise for three consecutive years. Samsung Electronics, the nation’s largest company, may have the largest number of female executives, bu...ntel had 23 percent and 20.7 percent representation, respectively. The figure for T...
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July 11, 2022
KRX to unveil rules for corporate sustainability disclosures
...oach,” Yoon said. The KCGS is considered the most authoritative ESG rater in Korea. “The investor perspective should matter the most when writing standards,” said Yoon Sok-mo, head of research at Samsung Securities. “Brokerages like us could then come up with our own ESG reports, w...
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July 08, 2022
Samsung’s upbeat earnings overshadowed by uncertainty
Samsung Electronics’ extraordinary winning streak over the past three quarters is likely to end in the second quarter this year amid growing uncertainties surrounding the war in Ukraine, rising costs... consensus estimates of 77.2 trillion won in sales and 14.69 trillion won in operating...
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July 06, 2022
June Huh becomes 1st Korean descent to win Fields Medal
...focused on poetry instead, thinking that it was a way to express his creativity. Among his research, he came under the spotlight for his joint work in resolving Rota’s conjecture. He received the Samsung Ho-Am Prize in Science for physics and mathematics in 2021. Born in 1983 in Cal...
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July 06, 2022
Samsung chief meets Japanese business leaders
Samsung Electronics Vice Chairman Lee Jae-yong held meetings with Japanese business leaders who were staying in Seoul this week to attend the annual gathering of the Korea-Japan Business Council, according to the tech giant on Tuesday. Lee, the de facto leader of Samsung, on Mo...
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July 06, 2022
Samsung chief’s personal fortune falls by W2tr in H1 as stocks dip
The personal fortune of Samsung Electronics Vice Chairman and de facto leader Lee Jae-yong has decreased by over 2 trillion won ($1.54 billion) during the first half of 2022, as shares of key Samsung...liates -- de facto holding company Samsung C&T, tech giant Sam...
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July 06, 2022
Metaverse offices are the future of work: Zigbang execs
...the cost of recruiting talent. Founded in 2010, Zigbang started off as a real estate brokerage platform for landlords and tenants. Based on 3D, virtual reality and artificial intelligence, it offers digital twin images of apartments. In January, the company bought out Samsung SDS’ sma...
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July 05, 2022
Kospi tumbles to new low for the year
... contribute to concerns of recession and prolonged supply chain woes,” he added. Daishin’s latest adjustment echoes KB Securities’ move to lower its Kospi target range to 2,100-2,750 for the second half of the year. Samsung Securities and Hana Financial Investment each forecast a ra...
December 24, 2024
