Samsung Life acquisition
Scope
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Electronics
Samsung showcases The Freestyle Zone at camping festival
Samsung Electronics Co. announced on Friday that it set up the experience zone for the portable screen The Freestyle Second Generation at the Go Out...
Apr 19, 2024 (Gmt+09:00)
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Real estate
Hanjin KAL to sell Waikiki Resort Hotel to Sono for $101 mn
Hanjin KAL Corp., the holding firm of South Korean flag carrier Korean Air Lines Co., is set to sell a 100% stake in its Hawaii-based subsidiary Wai...
Apr 19, 2024 (Gmt+09:00)
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Korean stock market
HD Hyundai Electric likely to join MSCI Korea: Samsung Securities
HD Hyundai Electric Co., Alteogen Inc. and Enchem Co. are expected to be invited to join Morgan Stanley Capital International’s Korea Index wh...
Apr 19, 2024 (Gmt+09:00)
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Upcoming IPOs
Korea’s vision AI startup Superb AI eyes IPO in H1, 2026
South Korea’s promising vision AI platform developer Superb AI Inc., which has recently added generative AI to its business portfolio, is seek...
Apr 18, 2024 (Gmt+09:00)
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Corporate strategy
Samsung shifts to emergency mode with 6-day work week for executives
Executives at all Samsung Group units will work six days a week from as early as this week in a shift to emergency mode. The move comes as the won's...
Apr 18, 2024 (Gmt+09:00)
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Electronics
Samsung unveils 2024 AI TV lineup in India
Samsung Electronics Co. launched its 2024 new TV lineup with enhanced AI functions at the Samsung Opera House in Bengaluru, India, on April 17.At th...
Apr 18, 2024 (Gmt+09:00)
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Electronics
With AI tech, Samsung Electronics on par with Apple: Han Jong-hee
MILAN, ITALY – South Korean tech giant Samsung Electronics Co. has for years been desperate to catch up to US Big Tech Apple Inc. in high-end ...
Apr 17, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung to mass-produce industry’s fastest LPDDR5X DRAM in H2
South Korean tech giant Samsung Electronics Co. said on Wednesday it has developed an LPDDR5X DRAM chip that supports the industry’s fastest d...
Apr 17, 2024 (Gmt+09:00)
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Electronics
Samsung, LG look to Europe with AI-powered built-in kitchen appliances
MILAN, ITALY – Samsung Electronics Co. and LG Electronics Inc. are big names in the US home appliances market. The two South Korean electronic...
Apr 15, 2024 (Gmt+09:00)
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Electronics
Samsung’s The Frame selected as display for Art Basel
Samsung Electronics Co. announced on Monday that its TV The Frame was selected as the official display for the world's largest art exhibition Art Ba...
Apr 15, 2024 (Gmt+09:00)
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Electronics
Samsung to deploy smart home services in Miami
Samsung Electronics Co. announced on Sunday that it will deploy smart home services in the Miami residential complex, Florida with the US-based re...
Apr 15, 2024 (Gmt+09:00)
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Mergers & Acquisitions
Samsung Electronics' key M&A man returns; big deals in the offing
Samsung Electronics Co., the world’s top memory chipmaker and leading smartphone and electronics maker, has been absent from the mergers and a...
Apr 12, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung to produce 290-layer V9 NAND to win chip stacking war
Samsung Electronics Co., the world’s largest memory chipmaker, is set to begin mass production of 290-layer ninth-generation vertical (V9) NAN...
Apr 11, 2024 (Gmt+09:00)
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Artificial intelligence
Samsung Galaxy AI expands to 16 languages
Samsung Electronics Co. announced on Thursday that it is expanding the translation and communication language support of Galaxy AI, first introduced...
Apr 11, 2024 (Gmt+09:00)
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Fintech
70% of Samsung Pay users switch to Wallet
Samsung Electronics Co. announced on Wednesday that 70% of Samsung Pay users have switched to Samsung Wallet, an upgraded version of its electronic ...
Apr 11, 2024 (Gmt+09:00)
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Banking & Finance
Samsung Asset's KODEX S&P500 TR ETF surpasses 1 tn won in net asset
Samsung Asset Management Co. announced on Tuesday that the net asset value of its KODEX US S&P500 TR exchange-traded fund (ETF), which tracks th...
Apr 09, 2024 (Gmt+09:00)
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Markets
Samsung heiress sells $326 mn worth of Samsung Elec shares
Samsung Group heiress and Hotel Shilla Chief Executive Lee Boo-jin sold 441.2 billion won ($325.9 million) worth of Samsung Electronics Co. shares i...
Apr 09, 2024 (Gmt+09:00)
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Construction
Samsung C&T to build Korea’s first $103 mn hydrogen tank for power plant
Samsung C&T Corp., the construction and trading unit of South Korea’s Samsung Group, has clinched a 140 billion won ($103 million) deal to...
Apr 09, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung Electronics stock likely to climb in Q2, analysts say
South Korean analysts have recommended investors buy Samsung Electronics Co. stocks as the world’s top memory chipmaker, which reported higher...
Apr 08, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung to more than double chip investment in Texas
Samsung Electronics Co. plans to more than double its total semiconductor investment in Texas to about $44 billion to add an advanced semiconductor ...
Apr 07, 2024 (Gmt+09:00)
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Airlines
Jeju Air, MBK Partners in talks to buy Asiana’s cargo unit
South Korea’s top budget carrier Jeju Air Co. is in talks with North Asia-focused private equity firm MBK Partners to acquire Asiana Airlines ...
Apr 05, 2024 (Gmt+09:00)
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Earnings
Samsung Q1 profit soars, set to benefit from Taiwan quake, AI chip demand
Samsung Electronics Co., the world’s largest memory chipmaker, said on Friday its first-quarter operating profit likely rose more than tenfold...
Apr 05, 2024 (Gmt+09:00)
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Electronics
Samsung ups smaller OLED workforce to fend off Chinese rivals
Samsung Display Co., South Korea’s top screen maker, increased its workforce for smaller organic light-emitting diode (OLED) panels used for p...
Apr 04, 2024 (Gmt+09:00)
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Electronics
Bespoke Samsung home devices make chores easier, smarter
With Samsung Electronics Co.'s new bespoke AI induction stove, there is no need to keep checking the burner for fear of food boiling over while simm...
Apr 04, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung gains upper hand vs Netlist in $303 million patent dispute
Samsung Electronics Co. has taken the upper hand in its ongoing legal battle against Netlist Inc. over memory chip module patent infringement allega...
Apr 03, 2024 (Gmt+09:00)
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Construction & Planning
Samsung, GS win $7.2 bn gas plant project in Saudi
South Korea’s Samsung Engineering (new name: Samsung E&A) and GS Engineering & Construction Corp. (GS E&C) won a $7.2 billion co...
Apr 03, 2024 (Gmt+09:00)
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Korean chipmakers
Samsung to unveil 3D DRAM in 2025 to lead AI chip market
Samsung Electronics Co., the world’s top memory chipmaker, aims to introduce three-dimensional (3D) DRAM, a game-changer in the artificial int...
Apr 02, 2024 (Gmt+09:00)
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Electronics
Samsung releases 43-inch Moving Stand
Samsung Electronics Co. announced on Tuesday that it launched the Moving Stand for 43-inch monitors, expanding its lineup following the release of 2...
Apr 02, 2024 (Gmt+09:00)
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Real estate
Blackstone sells prime Seoul office building for $586 mn to Koramco
Blackstone Inc. completed selling off Arc Place, a prime office building located in Seoul's upscale Gangnam area, to Koramco REITs Management and Tr...
Apr 01, 2024 (Gmt+09:00)
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Insurance
Hanwha, 1st Korean insurer to earn dividends from overseas unit
Hanwha Life Insurance Co. is set to earn dividends from its Vietnamese subsidiary, reporting a cumulative profit after 15 years, becoming South Kore...
Apr 01, 2024 (Gmt+09:00)
Latest News
- 1 Samsung's financial arms beat No.1 banking group KB in profit
- 2 Korea’s airlines plagued by elevated fuel costs, strong dollar
- 3 LG Uplus offers Korean Air gift cards to 5G subscribers
- 4 SK Bioscience sells stake in US vaccine developer Novavax
- 5 Naver Cloud takes the lead in Korea’s public AI business