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January 03, 2022
Samsung to unveil world’s first 4K 240 Hz gaming monitor
South Korean tech giant Samsung Electronics said Jan. 2 it plans to unveil the world’s first gaming monitor with both a 4K resolution and a 240 Hz refresh rate display at the upcoming CES 2022. Thus...e shown a latency of up to 144 Hz display. With the new 32-inch monitor, dubbed Odyss...
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January 03, 2022
[NEW YEAR SPECIAL] Age of robots nearer than you think
...facturers in Korea were small and medium-sized enterprises,” Kim Min-kyo, CEO of Bigwave Robotics, wrote in an International Federation of Robotics’ blog post. “However, large enterprises such as Samsung, LG, Hyundai, Doosan, Hanwha, and KT have recently announced that they will be ...
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December 31, 2021
German carmakers take up 60 percent of imported car sales
...les ever. Audi Korea sold 21,242 during the same period. Meanwhile, domestic carmakers Renault Samsung, GM Korea and SsangYong Motors saw sales drop. From January to November this year, 5 Korean ca...sold more than 1.3 million vehicles, among which only 11.98 percent belonged to sale...
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December 31, 2021
Samsung denies report on Biogen buyout deal
Samsung Group on Dec. 30 denied a local media report that it was in talks with Biogen to acquire the US biotech company in a deal worth 50 trillion won ($42.2 billion). Calling the report “groundless,” a Samsung spokesperson said no such talks were underway and declined to co...
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December 31, 2021
SK hynix completes 1st phase of Intel deal, but China biz remains thorny issue
...’s NAND and SSD business, SK hynix will rise as the No. 2 player in the global NAND market from its current fifth place. In the SSD segment, where Intel controls 29.6 percent, SK hynix can surpass Samsung Electronics with a combined market share of nearly 37 percent. NAND flash memory...
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December 30, 2021
Samsung SDI launches new battery brand PRiMX
Samsung SDI has unveiled its new battery brand PRiMX, which stands for a prime battery for maximum experience, to better convey its corporate identity that pursues super-gap technology. The rebrandi...t produces,” a company official said. It hasn’t been decided whether a US joint vent...
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December 30, 2021
Samsung Electronics invests in avatar platform Ready Player Me
Samsung Electronics has invested in Ready Player Me, a 3D avatar platform for the metaverse that allows users to explore virtual worlds with one consistent identity, according to a press release Dec. 29. Samsung Next, a Samsung Electronics subsidiary that invests in s...
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December 30, 2021
Samsung cuts chip production in Xian due to lockdown
Samsung Electronics has reduced chip production in Xian, where Chinese authorities placed a strict lockdown last week to contain the prolonged pandemic. According to Samsung Newsroom Dec. 23, the South Korean IT giant “decided to temporarily adjust operations” at its chip fac...
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December 30, 2021
[CES 2022] At CES, SK to outline pledge to cut 1% of Earth’s carbon emissions
SK Group, the third-largest conglomerate in South Korea--albeit lesser known on the global stage than Samsung, plans to surprise the world with its grand plan to reduce 1 percent of the world’s carbon emissions at the Consumer Electronics Show 2022. Bringing a public agenda at the world...
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December 30, 2021
Samsung likely to regain top spot in global chip market
Samsung Electronics is expected to regain the top spot in the global semiconductor market by revenue this year, outpacing its archrival Intel for the first time in three years. According to estimate...ntel’s sales estimates of $75.5 billion, down 1 percent from a year ago. The upbeat o...
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December 29, 2021
State pension funds offload over W10tr Samsung Electronics shares
State pension operators, including the National Pension Service, have offloaded more than 10 trillion won ($8.4 billion) worth of top-cap Samsung Electronics shares so far this year, and instead bought stakes in Kakao Pay, Krafton and Samsung Biologics, data from the Korea Excha...
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December 29, 2021
Companies take New Year’s meetings online amid raging pandemic
...headed by young CEOs, companies are minimizing their year-end or kickoff meetings. According to Samsung Electronics, the company and its affiliates will not hold separate year-end meetings this year....utives will attend the meeting. Samsung has not held a year-end meeting s...
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December 29, 2021
Samsung to showcase startup projects at CES
Samsung Electronics said Dec. 28 it will showcase 13 startup projects at the CES trade show next month to introduce their innovations to a global audience and gauge marketability. The Korean tech gi...t-emitting diodes; and Proba, an AI-based online test-proctoring service. Nine outside...
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December 29, 2021
Experts on market 2022: Stocks to rebound, home price rise to slow
...m added. Seo Cheol-soo, head of research at Mirae Asset Securities Co., said the country would still reel from supply shortages in a way, but the worst is over. Soaring demand for chipmakers like Samsung, the world’s top memory chipmaker, will prop up the market rebound in late 2022. ...
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December 28, 2021
Chip, renewable energy sectors set for growth: report
...nds while sales of memory chips next year will not be as strong as this year, because of oversupply, the report said, noting that the South Korean government should work with local chipmakers like Samsung Electronics to localize parts for chip independence. Samsung Electronic...
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December 28, 2021
EVs not future car anymore -- registration grow 200%
...ent more than they have sold this year. GM Korea is expected to resume selling the Bolt EV and Bolt EUV, models that were delayed in distribution due to a recall over battery fire risks. Renault Samsung Motors, currently selling the Renalt Zoe as its only electric model, is planning t...
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December 28, 2021
Moon calls for Samsung, Hyundai to collaborate on auto chips
South Korean President Moon Jae-in asked Samsung Electronics Vice Chairman Lee Jae-yong and Hyundai Motor Chairman Chung Euisun to “collaborate more closely” on automotive chips during a luncheon at ...ef for the automaker’s advancement in the European electric vehicle market and said,...
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December 27, 2021
KCCI chief urges practical approach to governance reforms
... practical approach to deal with the governance structure issue of South Korean conglomerates. “Samsung had a leader who jumped into semiconductor (business) and overcame difficult challenges. Withou...Samsung’s management system that relies heavily on the decisions of its ...
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December 24, 2021
Apgujeong regains luster as popular commercial district
...est floating population in the country, it had various luxury brand stores, high-end studios and hospitals that led to bigger sales than other areas. On the other hand, the commercial district of Samsung Station that came in at No. 9 two years ago slipped to 18th place this year. “As...
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December 24, 2021
Investment banks slash Kospi targets amid slow trade
... disruptions ease,” said Kim, head of research at Yuanta Securities. South Korean shares will outperform its global peers next year on upbeat corporate earnings, he added, referring to tech giant Samsung Electronics, which he said, would lead the hike. Goldman Sachs said the chip ind...
December 26, 2024
