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July 05, 2022
Korea, Japan business leaders echo urgent need for summit
... countries. Top business leaders who took part in the meeting include Lotte Group Chairman Shin Dong-bin and Kim Yoon, chairman of Samyang Holdings. Executives from other major firms, including Samsung Electronics, Hyundai Motor and LG Electronics, also joined the meeting. It was a ...
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July 05, 2022
Winds of change shake Samsung’s militant work culture
... South Korea‘s largest and richest conglomerate have been among many features that captured the “Samsung man” -- trained to fit into the gigantic and somewhat militant organization. A shared goal of ...ung Mobile Display, which later merged into Samsung Electronics’ displ...
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July 04, 2022
Retail inflows at 2-year low as recession worries mount
...stment & Securities, adding the broad sell-off could affect blue-chip stocks. Market bellwether Samsung Electronics, whose shares retail investors snatched up the most for the last six months, sank 2...ion won on the world’s biggest electric carmaker, while in the same period 15.3 tri...
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July 03, 2022
‘Understanding human desire crucial to mass market appeal’
...under South Korea’s largest conglomerate told a conference Wednesday. Lee Don-tae, president of Samsung Art and Design Institute, speaking at The Korea Herald’s Global Business Forum in Seoul, said t...designers struggle to keep pace with,” said Lee, formerly head of the corporate d...
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July 03, 2022
Samsung starts mass production of world’s first 3-nm chips
Samsung Electronics said Thursday it has started producing chips using its latest 3-nanometer manufacturing technology -- an industry first globally. The 3-nm technology boasts greater transistor de...e, TSMC took up 52.1 percent of the global foundry market in the fourth quarter last ye...
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June 30, 2022
Kospi’s rebound to 3,000 unlikely to happen anytime soon
...d with those of global IBs. KB Securities, the brokerage unit under the nation’s No.1 banking group by total assets, now projects a target range of 2,100 to 2,750 for the second half of the year. Samsung Securities and Hana Financial Investment each forecast a range of 2,200 to 2,700 ...
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June 29, 2022
4 years in, Koo’s leadership still in making
... was the youngest person to lead one of the nation’s top four chaebol groups, which also include Samsung, SK and Hyundai Motor. Pragmatism is a keyword that defines his four-year tenure. One of the ... operating losses as its smartphone business had long been sandwiched between top t...
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June 29, 2022
Fiscal chief urges businesses to restrain drastic wage hikes
...gulations, labor reforms including of employment terms for contract workers and taxation reforms including a cut in the maximum rate of inheritance tax. Among the participants in the meeting were Samsung Electronics President Rhee In-yong and Hyundai Motor Vice President Chung Sang-bin...
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June 28, 2022
Korea unveils W1tr spending package for AI chip dominance
...in the global chip market. The spending package in the country, home to memory chip powerhouses Samsung Electronics and SK hynix, is aimed at securing a stronger footing in the field of artificial in...was against the backdrop Korean processor makers’ sluggish growth on the global sta...
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June 28, 2022
S. Korean chaebol attend Hyundai Motor chief daughter’s wedding
South Korea’s top business leaders assembled for the wedding of Hyundai Motor Group Chairman Chung Euisun’s eldest daughter at a small church in Seoul on Monday. The VIP list included Samsung Electronics Lee Jae-yong and his daughter, Lee Won-ju. The Samsung chief and his dau...
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June 27, 2022
Panel expert downbeat on Korean investments in premium TV displays
...ch firm UBI Research, cited a slow path to profitability in the cutting-edge panel businesses by Samsung Display and LG Display, despite growing market demand, in a seminar at Coex in Seoul on Thursda...d commercialize its next-generation quantum dot organic light-emitting diode display...
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June 22, 2022
Chaebol groups batten down the hatches
...and spending as they brace for rough times ahead amid widespread fears of an economic downturn. Samsung Group held a rare CEO meeting on Monday, almost five years since a weekly meeting of top execut...Strategy Office, in 2017. According to Samsung, a total of 25 CEOs of key...
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June 20, 2022
Auto biz in focus as Samsung’s Lee returns from Europe
Samsung Electronics Vice Chairman Lee Jae-yong returned to South Korea Saturday, with a renewed focus on the auto parts business. As the de facto leader of Korea’s largest conglomerate arrived at Se...rmaker BMW, a key battery client of Samsung’s secondary battery arm Sa...
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June 20, 2022
[Herald Interview] ABL Bio moves up the ranks with $1b Sanofi deal
...ernational Convention, the world’s largest biotechnology industry gathering that took place in person for the first time in three years. Except in the cases of big companies such as Celltrion and Samsung Biologics, most of the small biotech companies scramble to present their pipeline...
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June 19, 2022
Samsung Electronics shares plummet to 52-week low
Samsung Electronics shares, which account for some 18 percent of South Korea’s benchmark Kospi’s market capitalization, closed at a 52-week low on Friday hit by the prolonged global memory chip suppl... the 60,000-won threshold since Nov. 4, 2020. Foreign investors have been on a selli...
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June 19, 2022
Kospi slumps to sub-2,400 points in 19 months on US inflation woes
...or the time being while the strong dollar trend is likely to fuel foreigners’ offloading of Korean shares,” he added. Most big cap shares traded lower in the early morning, with market bellwether Samsung Electronics breaching the 60,000-won threshold for the first time since Nov. 4, ...
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June 19, 2022
[Exclusive] Samsung Biologics to join RE100
SAN DIEGO -- Samsung Biologics, the world’s largest contract development and manufacturing organization by production capacity, will join the global RE100 renewable energy initiative as early as next...E100 as of Wednesday, 20 are in health care-related industries, including Eli Lilly an...
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June 19, 2022
Korean retail investors’ fears grow on stock, crypto meltdown
...onths. The nation’s stock market has been turning bearish in recent months, with the Kospi dropping 26 percent compared from its all-time high of 3,305 points in July last year. Market bellwether Samsung Electronics traded around 61,000 won ($47.40) Wednesday morning, with its market ...
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June 16, 2022
Lotte hints at major portfolio shift to expand bio businesses
...factory in Korea, possibly in Songdo, west of Seoul, where the nation’s bio cluster is, or in Osong, North Chungcheong Province, which has been touted as a biomedical hub. The former executive at Samsung Biologics, the largest CDMO in the world for production capacity, said Lotte’s e...
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June 16, 2022
LG Display secures $1b funding in push for growth in smaller OLEDs
...th the aim to expand its presence in the smaller OLED market which is dominated by its archrival Samsung Display. LG Display is the world’s largest manufacturer of large OLED panels for TVs, but stil...tinued growing as its OLED panels are increasingly being adopted by Apple, which us...
December 25, 2024
