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February 15, 2022
Samsung, LG among top 5 international patent filers
South Korea’s tech giants Samsung Electronics and LG Electronics were among the five largest patent cooperation treaty (PCT) filers worldwide, the Korean Intellectual Property Office said Monday. A ...n, a United Nations agency, patent filers no longer have to seek protection country by...
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February 14, 2022
Emro’s profit soars 39.1% in 2021
..., as the business earned 2.1 billion won in sales last year, up over threefold. The two combined saw an increase of 72.7 percent in annual sales at 17.8 billion won. Emro trades on the Korea Exchange’s development board Kosdaq. The company serves Korea-based multinational corporations such as ...
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February 14, 2022
Top talents in Korean chipmakers offered later retirement
...chance to put off retirement to a later date. This comes as the memory chip powerhouse, home to Samsung Electronics and SK hynix, experiences a talent shortage in the industry. The move will likely ...impact of the country’s rapid demographic shift toward an aging population. Starti...
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February 14, 2022
SoftBank-backed Naver, Coupang sparkle in Japan
Japan has long remained an untapped market for Korean firms, where even the likes of Samsung Electronics and Hyundai Motor have almost no presence. Currently, Samsung, the world’s largest smartphone maker, has a tiny 5 percent market share there. This is not to mention the sou...
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February 14, 2022
S. Korean car exports to Australia show signs of recover
...1 percent on-year to 66,846 units in 2021, and Kia’s increased by 26.9 percent to 63,981 units. SsangYong Motor showed a remarkable export increase of 84.2 percent on-year to 2,967 units. Renault Samsung also saw an 81.3 percent increase to 3,743 units. SsangYong Motor has been targe...
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February 14, 2022
Celltrion’s Remsima records all-time high US sales
...ing half of the original drug’s share, market insiders said Sunday. Remsima’s sales revenue in the US surged on-year by 13 percent to $385 million as of last year, according to industry sources. Samsung Securities said Remsima’s market shares have increased from 15 percent to 33.7 ...
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February 14, 2022
Harman acquires German auto tech startup Apostera
Samsung Electronics said Friday its subsidiary Harman, the US automotive solutions maker, has acquired German auto tech startup Apostera to bolster its leadership in the burgeoning connected car tech...on ($500 million) in operating profits, almost double the figures before the COVID-19 p...
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February 14, 2022
Renault Samsung names new CEO
Renault Samsung Motors said Friday that Renault Group has named Stephane Deblaise, the former vehicle program director at the French headquarters, as a new chief to lead the Korean business. The 49-...ca and led the product and corporate planning team in China as programs vice president....
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February 14, 2022
Ex-US envoy to join Samsung as PR chief of North America
... South Korea who is currently working as public policy chief at YouTube Asia-Pacific, is joining Samsung Electronics as the head of corprate and government affairs in North America, industry sources s...mat will begin working for the tech giant starting next month as the executive vice ...
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February 14, 2022
Built-in stylus for S22 Ultra signals end of Note era
The release of Samsung Electronics’ Galaxy S22 Ultra showed that its Note era might have just ended, with the S series phones inheriting features that had defined the Note series. Since August 2020,...cked event held on Thursday (Seoul time) showed that the S22 Ultra -- the highest-end ...
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February 14, 2022
Artificial intelligence powers Samsung Galaxy S22 series
...tougher and lighter frames: all are included with the newest flagship 5G smartphones unveiled by Samsung Electronics at a virtual Galaxy Unpacked event held late Wednesday, at midnight Seoul time. ...ed to detect sunlight and optimize photos taken in low lighting. The new technolog...
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February 09, 2022
Samsung under pressure to double pay raise
Samsung Electronics has come under heightened pressure to offer hefty pay increases amid strike threats from its minority labor unions over stalled wage talks, according to industry sources Wednesday...ecade history. Unionized workers make up a tiny 5 percent out of the total 114,000 emp...
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February 09, 2022
SK rises to No. 2 Korean company by assets
...tor Group slipped one slot to third with 250 trillion won of assets, up by 1.6 percent on-year. Samsung kept its top rank with 457.3 trillion won of assets last year. Its assets have inched up in val...er acquiring Intel’s SSD business and Dalian NAND Flash Manufacturing Facility asse...
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February 09, 2022
Samsung Biologics scoops up all 6 CMO Leadership Awards
Samsung Biologics has won the 2022 CMO Leadership Awards in all six performance categories of capabilities, compatibility, expertise, reliability, quality and service, the company said Tuesday. The ...that utilize outsourcing services. The latest recognition marked the ninth consecutive...
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February 08, 2022
Samsung’s new gadgets to reuse discarded fishing nets
Samsung Electronics said Monday it plans to reuse discarded fishing nets as a new material for handset devices as part of its sustainability strategy announced earlier this year, According to the So... giant, the repurposed ocean-bound plastics, also known as “ghost nets,” will be inco...
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February 08, 2022
As Kospi party nears end, money moves to safer options
...at their net profits surpassed 1 trillion won last year, in addition to Mirae Asset Securities, the largest local brokerage that first set that record in 2020. Both NH Investment & Securities and Samsung Securities have reported 1.3 trillion won in net profits, recording an on-year jum...
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February 08, 2022
Stock assets of chaebol leaders hit hard by Kospi loss
...ion won. With the latest fall, Kakao’s Kim and Seo of Celltrion failed to stay in the “10 trillion club,” a list of chaebol leaders whose stock assets exceed 10 trillion won in value. That leaves Samsung Electronics Vice Chairman Lee Jae-yong, with 13.1 trillion won in shares, as th...
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February 07, 2022
Samsung Electronics may face first labor strike over collapsed wage talks
Samsung Electronics could see its first labor strike in the tech giant’s five decades of history after wage talks with labor unions fell apart. Despite months of back-and-forth deliberation, represe...e facto leader Lee Jae-yong in May 2020 declared an end to its controversial “no unio...
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February 07, 2022
Financial firms to pay out record bonuses on upbeat earnings
...es, in 2020, according to industry data. Employees at state-run banks received slightly less, earning an annual salary of an average 65 million won in the cited period. For insurers, conglomerate Samsung’s key insurance arms Samsung Life and Samsung Fire & Marine I...
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February 07, 2022
Samsung Display offers OLED testing platform for free
Samsung Display has launched a new platform where its vendors can test their raw materials for OLED panels free of charge, the company said Sunday. The “Sync-OLED” platform, co-developed with the su.... Establishing independent severs for supercomputing can drive costs up to millions o...
December 25, 2024
