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December 17, 2023
Samsung chief returns from Netherlands, satisfied with ASML deal
Samsung Electronics Chairman Lee Jae-yong hinted at his satisfaction over his trip to the Netherlands with President Yoon Suk Yeol on Friday, saying that most of the achievements made there were focused on semiconductors. "About 90 percent of the achievements made in the trip t...
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December 14, 2023
[KH explains] Will ‘chip alliance’ help Samsung, SK secure more ASML machines?
...ea and the Netherlands this week is creating an upbeat mood for the Korean chip industry. On Tuesday, South Korean President Yoon Suk Yeol and the chiefs of the country's top two conglomerates -- Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won -- ...
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December 13, 2023
Germany’s lukewarm EV sales alarm Korean battery makers
...any, which took up 32 percent market share in Europe last year, is a signal that shows the whole region is beginning to see a slowdown in EV demand. Korean battery makers like LG Energy Solution, Samsung SDI and SK On, who either operate or are setting up production bases in Poland and...
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December 12, 2023
Samsung sets out in search of ‘unprecedented’ technology
Samsung Electronics has established new teams devoted to forging new ideas for the future of its smartphones and home appliances businesses, according to the company on Monday. The latest organizational restructuring of the tech giant comes as its chairman, Lee Jae-yong, has em...
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December 11, 2023
Samsung, SK chiefs to visit ASML to discuss chip alliance
Samsung Group Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won are set to travel to the Netherlands this week to strengthen business ties with ASML, the sole provider of equipment critical in...ung has about 40 units. For Lee and Chey, leaders of the world's two largest memory ch...
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December 07, 2023
LG Display launches voluntary redundancy program in efficiency drive
...7 billion by 2027, with this year's global sales forecast to stand at $481.75 million. Last year, LG Display took 50 percent of the global automotive OLED panel market, while its crosstown rival, Samsung Display, secured 42.7 percent. China's BOE Technology came third to take a 7.3 per...
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December 04, 2023
[KH Explains] Why foreign investors continue to be net buyers despite short selling ban
...de, Industry and Energy showed Friday. As figures show the semiconductor industry has passed the bottom of its dip, foreign investors are increasing their stake in big-name tech giants, including Samsung Electronics and SK hynix. From Nov. 6 to Friday, foreign investors net ...
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November 30, 2023
Samsung promotes execs in 30s, 40s for future growth
Samsung Group's key technology affiliates -- Samsung Electronics, Samsung Display and Samsung SDS, Samsung SDI and Samsung Electro-Mechanics -- on Wednesday promoted a swath of young executives in their 30s and 40s as part of the...
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November 30, 2023
Corporate Korea explores new opportunities in Expo bid
...s linked with the BIE, the World Expo's organizing body, SK Group said. From January this year, Samsung Electronics Chairman Lee Jae-yong traveled to many countries as part of the presidential delega...ung-chull established a sugar factory in Busan, devastated after the Korea...
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November 29, 2023
Samsung's Harman acquires audio platform Roon
Harman, Samsung Electronics' audio and automotive component subsidiary, said Tuesday it acquired Roon, a popular music player platform, to strengthen its home audio business. Roon is a music player platform for enthusiasts, featuring a rich interface for browsing and discoverin...
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November 28, 2023
Samsung sets up control tower for new growth drivers
The latest reshuffle comes amid Samsung's poor earnings record suffering from sluggish demand and the possibility of a leadership vacuum as the company's chairman faces a decisive ruling. In the lat...r this month, the prosecutors demanded a five-year prison term and a fine of 500 millio...
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November 24, 2023
Top conglomerates to start executive reshuffles
South Korean conglomerates are set to carry out regular reshuffle of executives to gear up for the coming year, starting with LG Group this week. Samsung Electronics, SK Group and Hyundai Motor Group, the top three conglomerates in order, are expected to conduct their regular e...
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November 23, 2023
Samsung may head to San Jose to unveil new Galaxy S phones
Samsung Electronics may hold its unpacking event for its flagship Galaxy S24 smartphone lineup in January, advancing the date by two weeks compared to last year’s event, in archrival Apple’s backyard for the first time, according to industry sources on Wednesday. Samsung...
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November 23, 2023
[KH Explains] Why Apple's iPhone15 is selling better in Korea than China, Japan
...cent growth in sales. The iPhone 15 Pro made up almost 50 percent of the sales portion, followed by the iPhone 15 with 30.7 percent. The upbeat iPhone sales on the home turf of Apple’s archrival Samsung Electronics come in stark contrast to China and Japan, the key markets ...
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November 22, 2023
Samsung retains No. 1 spot in TV sales; LG tops OLED market
LG Electronics secured the top position in the global OLED market for 11 consecutive years, selling 2.03 million units accumulated from January to September. The number of units accounted for a 55 pe...cent in shipments of 75-inch or larger TV products in the OLED market. In the same per...
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November 21, 2023
Samsung chief departs for Europe
Samsung Electronics Chairman Lee Jae-yong took off to Britain over the weekend to join a presidential delegation, according to industry sources on Monday, as he faces a decisive ruling that could possibly lead to a leadership vacuum for the global tech giant. Lee is taking part...
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November 21, 2023
Samsung chief departs for Europe
Samsung Electronics Chairman Lee Jae-yong took off to Britain over the weekend to join a presidential delegation, according to industry sources on Monday, as he faces a decisive ruling that could possibly lead to a leadership vacuum for the global tech giant. Lee is taking part...
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November 20, 2023
[Herald Interview] SK-backed Sapeon to take on Nvidia
...S headquarters in Silicon Valley, California and the Korean office together as “one team.” Before joining Sapeon in June this year, Shebanow worked at several Big Tech companies, including Nvidia, Samsung Electronics and AMD. “It's a privilege to work with SK Telecom. We’...
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November 20, 2023
EcoPro, SK Ecoplant to build EV battery recycling plant in Hungary
EcoPro said Sunday it has joined hands with SK Ecoplant and its electronics waste recycling subsidiary, TES, to set up an electric vehicle battery recycling plant in Hungary. EcoPro CEO Song Ho-jun,...rman trio, Mercedes-Benz, BMW and Audi, run car manufacturing plants in Hungary, and Ko...
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November 19, 2023
Samsung family pays tribute to late founder
Samsung Group commemorated the 36th anniversary of the death of Lee Byung-chull, the founder of Korea’s largest conglomerate, in a memorial service Friday. Lee's relatives, including former Leeum Sa...in 1938 to develop it into the country's largest conglomerate. Lee passed away on Nov....
November 01, 2024
