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December 10, 2021
Jungheung to become 3rd largest builder in Korea after Daewoo E&C takeover
...dged that the first thing it will do after the acquisition will be to reduce Daewoo E&C’s debt ratio. Its debt ratio was 223 percent as of the third quarter, far above those of competitors such as Samsung E&C (64 percent), Hyundai E&C (104.6 percent) and HDC Development (122.9 percent)...
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December 09, 2021
Samsung ranks 4th on global digital inclusion index
Samsung Electronics said Dec. 8 that it was ranked 4th out of the top 150 global tech companies in an index that gauged corporate efforts in using technology ethically and for reducing digital inequa...s to technology, enhancing digital skills, and innovating technology both openly and et...
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December 09, 2021
Stock rebounds signal market recovery from omicron scare: analysts
...alf at the earliest,” Kim said. Kim of Yuanta Securities added that South Korean shares would outperform its global peers as early as in the second quarter next year on the back of upbeat corporate earnings, which peaked in August and have since been falling. “Samsung Electronics ha...
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December 09, 2021
SK chief says sustainability, not size, priority in chip investment
While Samsung makes a multibillion dollar bet on a new chip fab in the US, SK Group Chairman Chey Tae-won is seeking to chart a different path in the semiconductor business, emphasizing “sustainabili... request is widely seen as a move to prompt SK hynix to build a local chip plant in th...
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December 08, 2021
Samsung replaces all CEOs
Samsung Electronics has replaced all its CEOs and combined its mobile and home appliance business divisions in a surprise move, ditching the decade-old system that landed the South Korean tech giant...ll oversee the company’s burgeoning chip business division. Han played a key role in...
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December 08, 2021
Samsung Electronics CFO tapped to lead Samsung’s battery arm
Choi Yoon-ho, the chief financial officer of South Korean tech giant Samsung Electronics widely known to be close to its de facto leader Lee Jae-yong, was named on Dec. 7 as the new chief executive ...ered Samsung’s de facto control tower. The nomination signals a stronger p...
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December 07, 2021
1 in 2 corporate executives in Korea under age 51: data
...tives were Gen Xers or younger, except the founder and Chairman Kim Beom-su. Almost half of the executives, or 2,081 of them, at the country’s top four conglomerates were Gen Xers or younger. At Samsung’s 16 listed companies, 55.5 percent or 1,033 executives were younger than 51. Su...
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December 07, 2021
[Exclusive] Samsung SDI batteries to power electric water taxis in US
A major US ride-sharing company will operate electric water taxis powered by Samsung SDI batteries near the Golden Gate Bridge next year. According to industry sources Dec. 6, the San Francisco-based startup will operate three electric water taxis -- each loaded with 220 kilowatt hours o...
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December 07, 2021
Samsung Electronics tops $110b in annual exports
Samsung Electronics was recognized with a $110 billion Tower of Export at the 58th Trade Day in South Korea, in an unprecedented move among companies of Asia’s fourth-largest economy, data from the M...me that a single Korean company exceeded $100 billion in annual exports. The Trade Min...
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December 06, 2021
Firms delay return to office, send meal kits for year-end dinners as omicron spreads
...ravelers have to be put in a 10-day mandatory quarantine regardless of their vaccination status until Dec. 16. Businesses have scrambled to respond to the latest flip-flop in COVID-19 protocols. Samsung Electronics has halted business trips unless they are “compulsory” and approved ...
December 26, 2024
