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January 20, 2022
Korea to invest additional W400b in AI chips
... PIM semiconductors are known as next-generation AI chips with higher processing efficiency. The Ministry of Science and ICT said it discussed ways to advance the AI industry with AI experts from Samsung Electronics, LG, SK Telecom, KT, Naver, Kakao and startups in a semiannual meeting...
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January 20, 2022
LG Energy Solution IPO draws record high W114tr in retail bids
...ities and Shinhan Investment. The three account for 91 percent of the bids. With shares selling at 300,000 won apiece, LG Energy Solution would be valued at 70 trillion won, trailing SK hynix and Samsung Electronics, which have market caps of 93 trillion won and 455 trillion won, respe...
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January 19, 2022
Samsung unveils Exynos 2200 mobile processor with AMD’s GPU
Samsung Electronics said Tuesday it has teamed up with California-based chip maker Advanced Micro Devices to unveil its flagship Exynos 2200 processor chips for mobile phones, in a delayed announceme...th its partners,” according to Samsung. Now all eyes are on whether the Exy...
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January 19, 2022
After failed merger, Hyundai Heavy secures cash to nurture new growth engines
...19, when Hyundai Heavy announced it was going to acquire DSME, it was a time when shipbuilders struggled to secure orders and compete head-on by lowering prices,” said Han Young-soo, an analyst at Samsung Securities. “But now all Korean builders have enough orders on hand amid growin...
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January 19, 2022
Samsung registers robot brand ‘Samsung Bot’ in US, Canada
Samsung Electronics is expected to introduce household robots under the brand “Samsung Bot” in the North American market. According to the World Intellectual Property Organization on Tuesday, the South Korean tech giant recently completed a trademark registration of Sams...
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January 18, 2022
TSMC prepares $44b investments to leave Samsung out in foundry race
The goal of Samsung Electronics becoming the No. 1 foundry player by 2030 is facing a major hurdle as its rival TSMC prepares a whopping $44 billion investment in 2022 to consolidate its lead, accord...st year, followed by Samsung’s 17.1 percent. Knowing that it can’t beat TS...
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January 18, 2022
Retail subscriptions open for LG Energy Solution IPO
...th as investors offloaded a combined 9.4 trillion won in shares to raise capital. With shares selling at 300,000 won apiece, LG Energy Solution is valued at 70 trillion won, trailing SK hynix and Samsung Electronics, which are worth 93 trillion won and 461 trillion won, respectively, i...
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January 18, 2022
Investor disappointments continue for Kakao
...business entity just in 11 years. Founded by Kim Beom-su, who used to run a PC room and work at Samsung SDS, the dominant takeover of the messenger app KakaoTalk laid the groundwork for the Kakao gro...ovation. In terms of market value, Kakao group was the fifth largest business group...
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January 17, 2022
[Battery+]How to charge EVs in 20 min
...te just one lithium ion. “When silicon is added, more lithium ions come in, so batteries can suffer swelling. LG Energy Solution solved this issue by adding conductive agents called carbon nanotubes,” the company official said. Following LG Energy Solution’s lead, Samsung SDI and S...
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January 17, 2022
[Market Eye] Korean tech giants fall prey to patent trolling
...-settle attempts targeting similar payouts, often colloquially known as patent trolling. Even former executives are joining forces with patent trolls to profit from such activities. Last week, ex-Samsung patent head Ahn Seung-ho was revealed to have joined hands with Staton Techiya, a ...
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January 17, 2022
Market retreat may be caused by coming LG Energy Solution IPO
...al has been at the center of the market since last year as it is undoubtedly the largest IPO ever in South Korea. The battery maker is expected to surpass SK hynix, valued at 93 trillion won after Samsung Electronics, the most valuable company here with a market cap of 461 trillion won....
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January 17, 2022
LG Energy Solution to raise W12.75tr in nation’s largest-ever IPO
...at 300,000 won apiece, LG Energy Solution will raise 12.75 trillion won in what is likely to be the nation’s largest-ever stock debut later this month, and becoming the third-largest company in terms of market cap (70.2 trillion won), after Samsung Electronics and SK hynix. Retail inv...
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January 17, 2022
DSME in search for new owner as tie-up with Hyundai Heavy fails
...ompany,” said the government in a statement jointly released by related ministries on Thursday. Samsung Heavy Industries is cited one of the potential buyers but the shipbuilder also faces financial ...hipbuilder until the end of this year. Korea is home to the world’s three largest...
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January 14, 2022
[Market Eye] Why Samsung, LG hold on to LCD despite slowing profits
It appears too soon to say that Samsung Display and LG Display, the nation’s top display makers, will exit from the less lucrative LCD market amid a cutthroat competition with Chinese rivals with che...almost in half, with Samsung’s display unit highly likely to be tasked with...
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January 14, 2022
Samsung Biologics to start Plant 4 early to cement leadership
To solidify its No. 1 position in terms of production capacity, Samsung Biologics, a contract development and manufacturing organization under the Samsung empire, will begin partial operation of its fourth plant in Songdo, Incheon, this year, six months earlier than previously s...
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January 13, 2022
Samsung dispatches flights to bring back COVID-positive employees from CES
Samsung Electronics dispatched chartered flights to Las Vegas to bring home some 20 staff members and executives who tested positive for COVID-19 at the CES 2022 trade show, according to industry sources Wednesday. The majority of the infected Samsung officials returned to Sout...
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January 13, 2022
LG supplies in-car infotainment system to Mercedes-AMG EQS
... be mounted on the Mercedes-Benz C-Class sedan. Moreover, the company has developed Volkswagen’s high-performance processor, the In Car Application Server 3.1, which is powered by crosstown rival Samsung Electronics’ logic chip unveiled in November. Meanwhile, LG has sought to boost...
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January 13, 2022
[Battery+] China’s cut on EV subsidies a boon for Korean battery makers
...22 and completely eliminate them starting 2023, South Korean battery trio -- LG Energy Solution, Samsung SDI and SK On -- are bracing for potential impact. According to industry sources Wednesday, Ch...etting up production facilities in the US, a market that is out of reach for Chinese...
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January 13, 2022
Naver, Kakao share dip shocks young investors
...n its operating profit growth for the fourth quarter of 2021,” Oh Dong-hwan, a senior analyst at Samsung Securities said. “The concerns surrounding government regulations on Big Tech have been growin...after the effects of its global content business materializes in the second-half o...
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January 12, 2022
Will Samsung’s ‘Tiger’ strategy work against Apple?
Samsung Electronics unveiled its “Tiger” strategy at CES 2022 to beat Apple in the flagship smartphone market, but experts say that the South Korean tech giant should first come up with “killer conte...of the foldable Galaxy Z series in the North American market. While the mission is ...
December 26, 2024
