Samsung Financial Networks
Scope
Date
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Artificial intelligence
Naver opens Asia’s largest data center for AI, cloud biz
SEJONG – South Korea’s online giant Naver Corp. opened Asia’s largest data center in the country to lead technology innovation and...
Nov 08, 2023 (Gmt+09:00)
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Artificial intelligence
Samsung unveils generative AI Gauss, to be integrated in Galaxy S24
Samsung Electronics Co. on Wednesday unveiled its first generative artificial intelligence model, Samsung Gauss, to compete with the likes of ChatGP...
Nov 08, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Samsung Electronics hosts AI Forum 2023
Samsung Electronics Co. held on Tuesday the Samsung AI Forum 2023 with the theme of "Super AI for a Better Tomorrow" at the Suwon Convention Center ...
Nov 07, 2023 (Gmt+09:00)
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Batteries
Samsung SDI, Volvo Trucks celebrate 5th year of cooperation
South Korea's Samsung SDI Co. and global commercial vehicle manufacturer Volvo Trucks held a commemorative event to discuss the expansion of their p...
Nov 07, 2023 (Gmt+09:00)
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Banking & Finance
DGB partners with Vietnamese IT company
South Korea's DGB Financial Group announced on Monday it signed a business agreement with the global IT company FPT Software at the FPT Group headqu...
Nov 06, 2023 (Gmt+09:00)
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Short selling
Korea bans short selling; battery stocks lead market rally
South Korea has temporarily suspended short selling partly to prevent illegal, naked short selling, a decision buoying stocks heavily targeted by sh...
Nov 06, 2023 (Gmt+09:00)
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Business & Politics
Kolon set to host Aramco Team Series golf event in Korea
South Korea’s Kolon Group said on Thursday it has signed a non-binding agreement with Golf Saudi, a unit of Saudi Golf Federation, to jointly ...
Nov 02, 2023 (Gmt+09:00)
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Economy
Korea exports snap year-long slide as chips regain momentum
South Korean exports rose in October for the first time in 13 months as semiconductors, the country’s top export item, are on course to regain...
Nov 01, 2023 (Gmt+09:00)
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Bio & Pharma
Samsung Engineering secures $349 mn bio plant deal
South Korea's Samsung Engineering secured a deal for the Songdo Bio Raw Material Plant construction project from the global life sciences and labora...
Nov 01, 2023 (Gmt+09:00)
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Carbon neutrality
HD Hyundai Oilbank secures bio-based material supply network
South Korea's HD Hyundai Oilbank announced on Tuesday it signed contracts with Indonesia's Korindo Group and Korea's LX International for the purcha...
Oct 31, 2023 (Gmt+09:00)
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Earnings
Harman’s record profits prop up Samsung's Q3 earnings
Samsung Electronics Co., the world’s largest memory chip maker, on Tuesday reported a triple-digit quarterly increase in third-quarter profit ...
Oct 31, 2023 (Gmt+09:00)
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Korean startups
SK Networks invests $20.7 mn in pet care startup
South Korean trading firm SK Networks Co. announced on Monday it has completed a 28-billion-won ($20.7 million) investment in the domestic pet care ...
Oct 30, 2023 (Gmt+09:00)
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Food & Beverage
CJ CheilJedang’s frozen rice sales surpass $74 mn in US
South Korean food company CJ CheilJedang Corp. announced on Monday the cumulative sales of its frozen rice products produced and sold in the United ...
Oct 30, 2023 (Gmt+09:00)
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Electronics
Samsung to sell certified refurbished Galaxy phones in Korea
Samsung Electronics Co. plans to sell certified refurbished Galaxy phones in South Korea at prices up to 50% cheaper than brand-new phones, a move e...
Oct 29, 2023 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics eyes new drugmaker acquisitions
BARCELONA -- Samsung Biologics Co., the world’s top contract manufacturing organization by capacity, is looking for acquisitions of new drugma...
Oct 27, 2023 (Gmt+09:00)
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Corporate governance
Samsung Group introduces senior outside director system
Samsung Group has created the position of senior outside director, granted as much authority as the chair of a board of directors, for the first tim...
Oct 27, 2023 (Gmt+09:00)
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Earnings
Samsung Electro-Mechanics sees share price target cut
South Korean brokerages have downgraded their target prices for Samsung Electro-Mechanics, following a significant earnings shock in the third quart...
Oct 27, 2023 (Gmt+09:00)
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Earnings
Hyundai’s record Q3 profit beats Samsung; no EV output cut planned
Hyundai Motor Co. on Thursday posted its highest-ever quarterly operating profit for the July-September period, driven by robust sales of pricey car...
Oct 26, 2023 (Gmt+09:00)
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Shipping & Shipbuilding
S.Korean HD Hyundai inks $3.9 bn Qatar LNG tanker deal
DOHA -- HD Hyundai Heavy Industries Co., the world’s second-largest shipyard, has won a $3.9 billion deal to build 17 liquified natural gas ca...
Oct 25, 2023 (Gmt+09:00)
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Bio & Pharma
Samsung Bioepis gets FDA OK for its interchangeable biosimilar
Byooviz, a biosimilar of the macular degeneration treatment Lucentis and made by South Korea’s Samsung Bioepis, has received official design...
Oct 25, 2023 (Gmt+09:00)
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Earnings
KB Financial beats profit forecast on higher interest rates
KB Financial Group Inc., South Korea’s top financial holding company by assets, on Tuesday reported better-than-expected net profit in the thi...
Oct 24, 2023 (Gmt+09:00)
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Bio & Pharma
Samsung Biologics partners with Europe's largest VC
Samsung Biologics Co., the world's largest contract drug manufacturer, announced on Tuesday it has teamed up with global biotech venture capitalist ...
Oct 24, 2023 (Gmt+09:00)
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Leadership & Management
Mirae Asset promotes Indian unit head to vice chairman
Mirae Asset Financial Group, South Korea’s leading financial conglomerate, on Monday promoted Swarup Mohanty, the head of its Indian asset man...
Oct 23, 2023 (Gmt+09:00)
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Batteries
Samsung SDI inks first battery supply deal with Hyundai
Samsung SDI Co. said on Monday it has signed its first supply agreement with Hyundai Motor Co. to become the South Korean carmaker’s third dom...
Oct 23, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung showcases HBM3E DRAM, automotive chips
SILICON VALLEY -- Samsung Electronics Co. on Friday showcased a number of new-concept, next-generation DRAM chips, including the industry’s mo...
Oct 21, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung Lee's urges to keep ‘super gap’ in semiconductor technology
Samsung Electronics Co. Chairman Jay Y. Lee on Thursday visited the construction site of the global memory chip giant’s new semiconductor rese...
Oct 19, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung eyes next-generation 5 nm eMRAM auto chip by 2027
Samsung Electronics Co., the world’s largest memory chipmaker, said on Thursday it aims to develop a next-generation 5-nanometer-processed aut...
Oct 19, 2023 (Gmt+09:00)
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Tech, Media & Telecom
Samsung Elec to develop spam filter with public web body
Samsung Electronics Co. and the Korea Internet & Security Agency (KISA) on Wednesday signed a memorandum of understanding on minimizing damage t...
Oct 19, 2023 (Gmt+09:00)
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Bio & Pharma
Samsung Bioepis releases Soliris biosimilar in Europe
Samsung Bioepis Co., a biopharmaceutical research and development unit under South Korea's Samsung Group, is rolling out its latest product Epysqli,...
Oct 19, 2023 (Gmt+09:00)
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Korean chipmakers
Samsung Electronics gets favorable ruling against Netlist in US
The US appeals court has reversed a California federal judge’s ruling against Samsung Electronics Co. in its legal fight over memory chip pate...
Oct 18, 2023 (Gmt+09:00)