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June 07, 2022
Investment banks cut Kospi targets amid high inflation
...rate hikes and a slowdown in stock transactions coupled with a decline in retail investors’ deposits are now being observed,” he added. Hit by the waves of change, the market capitalization of 23 Samsung Group stocks – including Samsung Electronics -- listed on both the Ko...
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June 07, 2022
Samsung’s Lee Jae-yong poised for 2-week trip to Europe
Samsung Electronics Vice Chairman Lee Jae-yong is poised to embark on a two-week trip to Europe on Tuesday, highlighting the South Korean chip-to-consumer electronics giant’s need for a breakthrough....est conglomerate in Korea would be looking to secure a new growth driver in Europe, co...
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June 06, 2022
Finance minister warns against wage, price hikes
...rises Federation and Huh Chang-soo of the Federation of Korean Industries. During the meeting, Sohn also appealed to the authorities for a presidential pardon for some business leaders, including Samsung Electronics Vice Chairman Lee Jae-yong and Lotte Group Chairman Shin Dong-bin. Th...
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June 06, 2022
Talks for alternative trading system gain steam
...ent Association, a self-regulatory body of 525 brokerages, asset managers and insurers operating here. The task force was created in 2019 by KOFIA and seven major brokerages here -- KB Securities, Samsung Securities, NH Investment & Securities, Korea Investment & Securities, Mirae Asset...
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June 06, 2022
Coupang added almost 30,000 new jobs last year
...rald Corp., publisher of The Korea Herald. Also included in the list of the largest hirers were Samsung, Shinsegae, LG, Kakao, SK, Hyundai Heavy Industries and Naver. On the other hand, seven compan...r 1,000 employees. There were 28 companies that had more than 10,000 workers on the...
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June 06, 2022
Samsung, Naver work on private 5G network
Samsung Electronics said Thursday it is teaming up with internet giant Naver to set up the nation’s first-ever private 5G network. The private wireless 5G network, designed to support secure and dat...ge of technologies such as digital twin, three-dimensional mapping and artificial inte...
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June 02, 2022
[Market Eye] Qualcomm reignites Arm consortium talks, SK hynix alliance
...ed memory products, as well as collaboration with SK hynix’s telecommunications affiliate SK Telecom to jointly invest in the field of fifth-generational network. Meanwhile, Intel’s Gelsinger met Samsung Electronics’ de facto leader, Vice Chairman Lee Jae-yong, earlier this week abo...
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June 02, 2022
Army of service robots rolling in to replace high-cost labor in Korea
Samsung Electronics is set to launch its first robot product in August -- a wearable medical robot called Gait Enhancing & Motivating System. Its name will be Fitsam, according to the patent that Samsung has registered with the Korean Intellectual Property Office. The Samsu...
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June 02, 2022
Lee Jae-yong shows up at Ho-Am Award in 6 years
Samsung Electronics Vice Chairman Lee Jae-yong on Tuesday showed up to participate in the Samsung Ho-Am Prize award ceremony for the first time in six years, but stayed mum on questions about his mee...y, but Samsung group‘s de facto leader did not answer any question...
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June 02, 2022
Companies join forces in Busan’s World Expo bid
...ing to add weight to the bid from South Korea’s second-largest city. The 11 businesses include: Samsung Electronics, Hyundai Motor, SK, LG, Lotte, Posco, Hanwha, GS, Hyundai Heavy, Shinsegae and CJ. ...e first meeting was also held in the port city, where participants pledged their fu...
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May 31, 2022
Samsung, Intel chiefs meet in Seoul for chip collaboration
Samsung Electronics Vice Chairman and de facto leader Lee Jae-yong met Intel CEO Pat Gelsinger, the company said Monday, raising expectations over a possible collaboration amid an intensifying race f...Also attending the meeting were Samsung executives including co-CEO Kyung Kye...
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May 31, 2022
Are ‘Samsung plant,’ ‘Apple branch’ empty promises?
...are closely linked to new growth drivers of big businesses. The most frequently cited names are Samsung and SK, the nation’s No. 1 and No. 2 conglomerates that plan to invest 450 trillion won and 247... change immediately.” Even though she didn’t specify names, it was obvious she w...
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May 31, 2022
Korea to double chip talent
...ngthening graduate programs at major science institutes across the country, the Ministry of Science and ICT said Monday. Science Minister Lee Jong-ho met with industry leaders including chiefs of Samsung Electronics and SK hynix as well as the presidents of four major science institute...
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May 31, 2022
Samsung Display to fully exit from LCD TV panel business in June
Samsung Display, the display making arm of Samsung Electronics, is poised to fully shut down its unprofitable liquid crystal display panel business for televisions in June, after over 30 years of ope...il. Given that Samsung’s LCD TV panel exit has long been anticipa...
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May 30, 2022
Kakao founder steps down from last chairman position
...chest person in South Korea with the goal of truly making sincere social contributions as the founder, Kim Beom-su, offered half of his assets,” Kim Jeong-ho said. The two Kims worked together at Samsung SDS and NHN starting in the 1990s. Kakao founder Kim established the foundation ...
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May 27, 2022
Convenience stores frequented by more men than women: data
... at a convenience store more often than women, with men in their 20s visiting most often among all age groups of both men and women, at nine times a month on average, according to data released by Samsung Card on Thursday. In the first quarter this year, men using the firm’s card visi...
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May 27, 2022
Robots to make rounds with doctors at hospital
Samsung Medical Center said Thursday that it has created a consultative group on Friday to accelerate its plan of adopting a robot-driven smart hospital system. The hospital was selected in 2021 by the Korea Institute for Robot Industry Advancement, an organization under South Korea’s I...
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May 27, 2022
LG to spend W106tr on battery, biotech, AI
...precede LG Group Chairman Koo Kwang-mo’s triennial meetings with the management of its affiliates starting Monday to discuss a long-term direction. This week, major Korean conglomerates including Samsung, SK, Hyundai Motor, Lotte and Hanwha scrambled to announce their respective long-...
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May 27, 2022
SK to spend W247tr on chips, battery, biopharma over next five years
..., who started his five-year term on May 10, has pledged to ease unnecessary regulations and offer support in key national strategic areas like chips, batteries and biopharmaceuticals. On Tuesday, Samsung announced its largest-ever investment plan, worth 450 trillion won over five years...
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May 26, 2022
Samsung teams up with Red Hat for memory software development
Samsung Electronics said Wednesday it has partnered with US software company Red Hat to develop software technologies for next-generation memory solutions, as the industry is anticipating the birth o... and runs the world’s second-largest foundry business by capacity. Along with the ann...
December 25, 2024
