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March 30, 2022
Samsung Bioepis buyout to bolster Samsung Biologics’ portfolio: CEO
INCHEON -- With the buyout of Samsung Bioepis’ stake, Samsung Biologics will become a global bio company based on the three pillars of contract development and manufacturing, biosimilars and new drugs, CEO John Rim said Tuesday. “Through issuing new stocks to raise about 3 tr...
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March 29, 2022
First-quarter outlook upbeat for Samsung, SK hynix
Samsung Electronics and SK hynix, the world’s top two memory chipmakers, are projected to post record first-quarter earnings this year over rising chip prices and robust demand, Yonhap Infomax, a loc...nancial data tracker, said Monday. According to earnings consensus among securities f...
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March 28, 2022
Korean conglomerates delve into digital asset market
...se blockchain research arm iLab. LG then also joined the Hedera Governing Council as the sole home appliance manufacturer to explore use cases of the Hedera Hashgraph distributed ledger platform. Samsung Electronics, LG’s global TV rival, also unveiled an app during the Consumer Elect...
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March 25, 2022
Samsung chief’s mother sells stakes to pay taxes
Hong Ra-hee, Samsung Electronics Vice Chairman Lee Jae-yong’s mother, reportedly sold her shares in the company worth 1.3 trillion won ($1.06 billion) in a block trade Wednesday, the latest stake sal...Seo-hyun, director of the Samsung Welfare Foundation – sold their combined ...
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March 23, 2022
Samsung heiresses to raise W400b in big share sales to pay tax
Samsung Group’s two heiresses are reportedly seeking to raise about 400 billion won ($327 million) by selling their shares in Samsung SDS, the IT solutions unit, possibly in a move to secure funds to pay inheritance taxes. According to industry sources Tuesday, a combined 3.9 ...
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March 22, 2022
Apple supplier to acquire LG’s in-car wireless charging business
BH, a local display parts supplier for Apple and Samsung Electronics, said Monday it is in talks with LG Electronics to acquire the tech giant’s in-car wireless smartphone charging business. “Discus... rigid flexible printed circuit boards used for high resolution displays, supplying t...
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March 21, 2022
Sport trucks, supercars go electric: InterBattery shows EV era draws near
...o revealed the latest Mercedes-Benz EQA run on SK On’s battery. Meanwhile, BMW i4, a gran coupe by the German carmaker, had an all-electric facelift in its first public appearance in Korea at the Samsung SDI exhibition area. The new sedan, which comes two years after the gas-powered B...
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March 18, 2022
Ex-Samsung VP convicted for union busting
The Supreme Court on Thursday upheld an additional 16-month jail sentence to former Samsung Electronics Vice President Kang Kyung-hoon for his attempts to break up a labor union in South Korea‘s larg... Everland, an operator of an amusement park in Korea. Everland was considered a key af...
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March 18, 2022
Samsung SDI hints at new EV battery plant in US
Samsung SDI CEO Choi Yoon-ho on Thursday hinted at the possibility of building its own plant in the US, a burgeoning market for electric vehicles where the company is setting up a joint venture with ... in December in a year-end executive reshuffle. He was also promoted to vice chairman, ...
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March 17, 2022
'Samsung’s India deal won’t affect Chinese home appliance plants’
Samsung Electronics’ latest announcement to invest 15.88 billion rupees ($207.8 million) to set up a new refrigerator parts plant in India will not affect its household appliance factory operation in...Indian plant is our facility expansion aimed at growing demand (for home appliance pro...
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March 17, 2022
Renault‘s Korean unit carves out Samsung from its brand name
Renault’s Korean unit announced Wednesday that it has started the process of removing Samsung from its name and rebranding itself as Renault Korea Motors. The carmaker explained that it hopes to enh... ditching the Samsung label is seen as a process to put an end to its 23-yea...
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March 17, 2022
SK Siltron to spend W1tr on new 300 mm wafer plant
...create more than 1,000 jobs there. SK Siltron, which supplies to the country’s chip powerhouses Samsung Electronics and SK hynix, aims at starting mass production in the first half of 2024. A wafer ...searcher IC Insights. Nearly 60 percent of SK Siltron’s revenue has come from memo...
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March 16, 2022
Generational shift speeds up in chaebol leadership
...largest companies who are scions of the ownership families born in 1970 or later. Of them, the number of with the chairman title was 21, including two leaders among the top four chaebol groups of Samsung, Hyundai Motor, SK and LG. Hyundai Motor Group Chairman Chung Euisun, 52, was pro...
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March 16, 2022
SK On to beef up EV battery alliance with Ford
...he company currently operates plants in Korea, the US, China and Hungary. Its capacity currently stands at 77 gigawatt-hour. SK said in a statement SK On would be the first company to establish a joint venture with an auto maker for an EV battery plant in Europe. Korea is home to three EV batter...
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March 15, 2022
What to expect from Samsung’s shareholder meeting
Samsung Electronics will hold an annual meeting of shareholders on Wednesday, amid complaints growing over performance issues of its latest Galaxy phones and falling stock prices that failed to refle...ting against the board nominees. On Sunday, the NPS said it would veto Kyung, the form...
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March 15, 2022
Samsung, Posco make foray into solid-state batteries
South Korean conglomerates Samsung and Posco on Monday each announced plans to build production lines of solid-state batteries, an up-and-coming technology in making fireproof and energy-dense lithium-ion batteries that can boost electric vehicle range. Samsung SDI, a battery a...
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March 14, 2022
[Herald Interview] When quantum tech marries 5G
...ed 5G service for the first time in the world. This gained steam since SK Telecom, Korea’s largest telecom carrier by mobile subscribers, acquired a controlling stake in IDQ in 2018. So far, the Samsung Galaxy Quantum 5G smartphone series, including the latest Galaxy Quantum 2 in 202...
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March 11, 2022
Chaebol reform not on Yoon’s agenda
...utor. As a prosecutor, Yoon was once called the “grim reaper” of the chaebol as he investigated and indicted leaders of the country’s major conglomerates. In 2017, Yoon filed a warrant to detain Samsung Electronics Vice Chairman Lee Jae-yong on bribery charges during a special pros...
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March 10, 2022
Ex-Samsung mobile chief highest-paid exec last year
Samsung Electronics’ former mobile business chief Koh Dong-jin was the highest-paid executive at the Korean tech giant last year, according to the firm’s regulatory filing Tuesday. Koh, who has step...tic technologies, received 8.64 billion won. Vice Chairman Lee Jae-yong, the de fact...
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March 10, 2022
Doosan acquires stake in chip-testing firm Tesna for W460b
... the firm is a market leader in wafer-testing services here. A wafer is a thin plate on which thousands of chips are printed. The company also picks out defective chips. As its two key clients -- Samsung Electronics and SK hynix -- aggressively expand their chip businesses, Tesna has a...
December 25, 2024
