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June 16, 2022
Samsung chief visits ASML HQ as race for high-end chip intensifies
Samsung Electronics top executives on Tuesday held talks with representatives of chip photolithography equipment maker ASML, including its Chief Executive Officer Peter Wennink, the South Korean tech giant said Wednesday. Representatives of Samsung, including Lee Jae-yong, vice...
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June 16, 2022
Kospi slumps in 7-day losing streak
...2436.04 points, a new 52-week low, as foreign investors carried on a sell-off for a ninth session straight, outweighing purchases by institutional and retail investors. Shares of market bellwether Samsung Electronics fell to 60,700 won ($47) apiece, also a new 52-week low. Financial au...
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June 16, 2022
[Market Eye] Samsung at crossroads on whether to join consortium bidding for Arm
... the United Kingdom-based chip design house Arm, all eyes are on whether South Korean tech giant Samsung Electronics will join the team. Samsung Electronics Vice Chairman Lee Jae-yong is now on a two...lver bullet for a rebound in Samsung’s logic chip business as i...
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June 15, 2022
[From the Scene] Korean biotech firms take spotlight at BIO International
...tech’s valuation has dropped by a lot, so now is the time to carry out (mergers and acquisitions) and licensing (deals),” the official added. From smaller biotech companies to powerhouses such as Samsung Biologics and Celltrion, various Korean firms are showcasing their services and ...
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June 15, 2022
Samsung Biologics to build first overseas factory in US
SAN DIEGO -- Samsung Biologics CEO John Rim said Monday the US states of California, North Carolina, Washington and Texas are the strongest candidates the South Korean contract manufacturing organiza...in a press meeting on the sidelines of the 2022 BIO International Convention in San Die...
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June 15, 2022
As US Fed decision looms, Kospi sinks under 2,500
...flation. Foreign investors -- who hold roughly one-third of Korean stocks -- carried on a sell-off, outweighing a buying spree from institutional and retail investors. Shares of market bellwether Samsung Electronics dropped to 61,900 won ($47) apiece, marking a new 52-week low for a th...
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June 14, 2022
Renault Korea Motors vows to stay committed to Korea
...y have been introduced. “As you know, the years 2020 and 2021 were a difficult time for Renault Samsung, and so we were not able to introduce new cars. But 2024 to 2025 will be our renovation phase. ...lt Korea Motors. With an above-30 percent share in the Korean carmaker, which rece...
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June 14, 2022
Samsung chief cleared of violating work restrictions
Samsung Electronics Vice Chairman Lee Jae-yong has steered clear of a legal risk involving his alleged violation of a restriction on his employment that is effective until 2026. The Seoul Metropolit...eleased from prison on parole in August last year. A few weeks after Lee’s release and...
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June 14, 2022
Kim Jae-youl elected first Asian ISU President
...n at the ISU Congress held on Friday in Phuket, Thailand. Kim, the brother-in-law of tech giant Samsung’s de facto leader Lee Jae-yong, has become the first non-European to lead the ISU since its fou... also served various roles in sports organizations. Kim’s current role in Korea i...
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June 14, 2022
Lotte taps former Samsung Biologics executive to lead bio business
Lotte Biologics has picked Lee Won-jik, a former Samsung Biologics executive, to lead its biologics business as the company’s CEO. Born in 1977, Lee has over two decades of experience in global biol...d Human Services and Bristol Myers Squibb. Before he joined Lotte in August, Lee was t...
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June 14, 2022
AMD’s next-gen server CPU standard signals ties with Samsung
The latest announcement of US logic chip designer Advanced Micro Devices’ next-generational processor standard for data center servers indicates that a collaboration with South Korean tech giant Samsung Electronics is imminent. This comes as AMD’s chip architecture in the making is to ...
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June 14, 2022
Samsung Biologics boasts top-tier production capacity at BIO International
SAN DIEGO -- Samsung Biologics is showcasing its top-tier production capacities at the world’s largest biopharmaceuticals exhibition, the South Korean company said Monday. Taking part in the BIO International Convention for the 10th consecutive year, Samsung Biologics has set ...
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June 14, 2022
Kospi hits 19-month low as US inflation skyrockets
...a sell-off Monday, outweighing a buying spree from retail investors. Shares of market bellwether Samsung Electronics closed at 62,100 won apiece, a new 52-week low, while tech companies like Naver and...400 points and as high as 2,850 points. The projection was shared by rival companies...
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June 14, 2022
Is Lee Jae-yong regaining enthusiasm for EV batteries?
LG Energy Solution and SK One are spending big to elevate their annual manufacturing capacity to some 180-gigawatt hours by 2025, respectively, while Samsung SDI just recently announced plans to increase its capacity to 23 GWh in a joint venture with Stellantis. “Samsung has a...
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June 09, 2022
Korean shipbuilders start building Qatar’s LNG carriers
... in a regulatory filing Tuesday. The order is the first batch of a $20 billion deal that three South Korean shipbuilders -- Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering, and Samsung Heavy Industries -- had signed with Qatar in 2020. DSME said Tuesday that it will...
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June 09, 2022
[Market Eye] Kakao share prices stall as company struggles to regain public trust
... In June 2021, Kakao Group became South Korea’s fifth-largest business group in terms of market capitalization at 79.3 trillion won ($65.1 billion), behind the country’s traditional conglomerates: Samsung, SK, LG and Hyundai Motor Group. About a month later, Kakao founder Kim Beom-su...
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June 09, 2022
Korea‘s market share for EVs, batteries dips
...hinese battery companies such as CATL, BYD and CALB grew from 38.4 percent in 2020 to 48.7 percent last year. The combined market shares of three South Korean battery makers – LG Energy Solution, Samsung SDI and SK On – shrank from 34.7 percent in 2020 to 30.4 percent last year. Jap...
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June 08, 2022
All eyes on Lee Jae-yong’s Europe trip
Samsung Electronics Vice Chairman Lee Jae-yong on Tuesday left for Europe, home to key partners of the world’s largest memory chip maker’s renewed push for chip supremacy. Upon his departure from Se...y. “Those rumored deals, if realized, would offer a boon for Samsung’s c...
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June 08, 2022
Hole-in-one insurance sales on the rise
...party, donates a commemorative tree, pays for a follow-up match and tips the caddies. Short-term golf insurance products that cover holes-in-one are becoming increasingly popular in South Korea. Samsung Fire & Marine Insurance, the insurance unit of Samsung Group, said that ...
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June 08, 2022
Samsung Biologics inks $81m deal with Novartis
Samsung Biologics has signed an intent letter for a contract manufacturing organization deal worth $81 million with multinational pharmaceutical firm Norvatis Pharma, the South Korean company announc...n won ($1.25 billion) last year. It did not reveal which of Novartis’ biopharmaceutica...
December 25, 2024
