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February 22, 2024
Meta CEO to visit Seoul next week possibly on AI partnership
...e than a decade, according to industry sources and the presidential office on Wednesday. Although details of his upcoming trip are unknown, sources predicted that the Meta founder could meet with Samsung Electronics Chair Lee Jae-yong, as he did during his first trip to Korea...
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February 22, 2024
Samsung, UK's Arm team up to produce advanced AI chips
Samsung Foundry, Samsung Electronics' chip manufacturing arm, is teaming up with the UK's Arm to adopt the firm's design assets for Samsung's most advanced chip-making process technology, Gate-All-Around, which aims to boost the company's edge in the global A...
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February 20, 2024
Samsung’s first integrated labor union sets sail
A labor union comprising workers of four Samsung Group affiliates was officially launched Monday, as employees seek ways to break away from the unreasonable relationship between workers and management. Samsung Group United Union, representing Samsung Electronics<...
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February 20, 2024
Coupang, Yuhan join labor policy-focused business lobby
...panies, has differentiated itself by focusing on regulations and legislation tied to labor-management relations. Last year, Coupang became the second-largest employer in the country in 2023 after Samsung Electronics. The number of workers employed by Coupang and its logistics...
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February 18, 2024
Samsung chief inspects bio biz site, urges employees to go beyond limits
Samsung Electronics Chair and Samsung Group leader Lee Jae-yong on Friday visited the group’s biotech arm in Incheon, calling on executives and staff members to set higher goals after the unit posted all-time high earnings last year. At Samsung Biologics’ ...
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February 18, 2024
Hyundai Motor to cut foreign chip reliance with local push
...ales support over international suppliers. In June last year, Hyundai already took a step in this strategic direction by announcing its plan to source semiconductors for infotainment systems from Samsung Electronics starting in 2025. Samsung Electronics sa...
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February 16, 2024
Activist funds demand W1tr Samsung C&T payout
A tense faceoff between shareholders and Samsung C&T management is expected, as five foreign activist funds have teamed up to demand the Korean firm return its profit to shareholders through dividend... the construction and energy arm of Samsung Group, stands as the de facto hol...
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February 16, 2024
Is shareholder activism finally taking hold in South Korea?
...15, the US hedge fund giant Elliott Investment Management questioned the controversial merger of Samsung C&T and Cheil Industries but was later defeated in court. “Recently there has been a big surge...rillion won ($750 billion), the pension service holds stakes in major corporates he...
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February 16, 2024
Is shareholder activism finally taking hold in South Korea?
...15, the US hedge fund giant Elliott Investment Management questioned the controversial merger of Samsung C&T and Cheil Industries but was later defeated in court. “Recently there has been a big surge...rillion won ($750 billion), the pension service holds stakes in major corporates he...
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February 16, 2024
Activist funds demand W1tr Samsung C&T payout
A tense faceoff between shareholders and Samsung C&T management is expected, as five foreign activist funds have teamed up to demand the Korean firm return its profit to shareholders through dividend... the construction and energy arm of Samsung Group, stands as the de facto hol...
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February 15, 2024
Apple’s market share exceeds 25% for first time in Korea
US tech giant Apple saw its domestic market share exceed 25 percent for the first time in 2023, slightly narrowing the gap with its archrival Samsung Electronics, despite the global economic downturn and decreased demand, a report showed Tuesday. Apple’s share rose 3 percentag...
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February 15, 2024
Race heats up for multifoldable phones
Chinese tech giant Huawei Technologies is reportedly preparing to launch the world’s first triple-foldable smartphone within the second quarter, aiming to challenge the dominance of Samsung Electronics in the global foldable phone market. Huawei has reportedly begun the develo...
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February 15, 2024
Samsung, Princeton University team up for 6G network tech
Samsung Electronics said Tuesday its California-based research and development unit has partnered with Princeton University to lead innovation in the sixth-generation telecommunications networking system. Samsung Research America has become a founding member of the co...
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February 13, 2024
Samsung chief inspects battery plant in Malaysia during holidays
Samsung Electronics Chairman Lee Jae-yong last week renewed his will to continue bold investments despite business uncertainties upon his visit to the construction site of a new 1.7 trillion won ($1.... of Samsung Electronics, Samsung C&T and S...
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February 13, 2024
Anticipation grows over Samsung chief's next move
As the legal charges have been cleared for Samsung Electronics Chairman Lee Jae-yong in a recent ruling, anticipation is growing that the tech giant will now go in search for mega mergers and acquisi...e top executives of Samsung affiliates including Samsung ...
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February 08, 2024
GM chair meets battery partners in 1st Seoul visit
...sited South Korea to meet the automaker’s Korean battery manufacturers -- LG Energy Solution and Samsung SDI -- to strengthen their partnerships further and discuss the global electric vehicle transit...to begin operations in 2026. According to reports, Barra also met with high-level ...
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February 08, 2024
Stage X defies skepticism, vows to launch service in H1 next year
... network quality management to customer service. Stage X targets achieving 1 trillion won in sales with a net profit within the next three years. Seo also said the consortium will cooperate with Samsung Electronics and Apple to introduce the two tech giant's smartphone model...
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February 08, 2024
Samsung chief heads to Middle East after cleared of merger case charges
Samsung Electronics Chairman Lee Jae-yong took off on a business trip to the Middle East and Southeast Asia shortly following Monday’s court ruling that cleared him of stock manipulation charges in a high-profile 2015 merger deal. According to industry sources on Wednesday, Le...
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February 06, 2024
Court clears Samsung chief of all charges
A Seoul court acquitted Samsung Electronics Chairman Lee Jae-yong of all charges related to a 2015 merger fraud case on Monday, clearing the path for the country's biggest tech giant to push forward ...Samsung executives rigged the company valuation and cooked accounti...
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February 05, 2024
Court to rule on Samsung chief's alleged 2015 merger fraud
A Seoul district court is set to deliver a decisive ruling on Monday for Samsung Electronics Chairman Lee Jae-yong over the 2015 merger fraud case, under which he could face a prison term. The Seoul Central District Court will issue its decision on Lee, along with 14 current an...
November 01, 2024
