LG Electronics sees decent growth in US home appliance business

LG Electronics sees decent growth in US home appliance business

South Korea’s LG Electronics Inc. expects to post significant revenue growth in its home appliance business in the second quarter, driven by p...

Samsung, Hanwha Q Cells to offer IoT home energy solutions in US, EU

Samsung, Hanwha Q Cells to offer IoT home energy solutions in US, EU

Samsung Electronics Co. and South Korea’s leading solar panel maker Hanwha Q Cells Co. have joined hands to provide smart home energy solution...

LG launches QNED TV to rival Samsung in premium TV market

LG launches QNED TV to rival Samsung in premium TV market

LG Electronics Inc. has launched new flashy flagship TV models, with which the South Korean home electronics giant aims to compete with its bigger r...

Samsung Heavy Industries charters drillship to Italy’s Saipem

Samsung Heavy Industries charters drillship to Italy’s Saipem

South Korea’s Samsung Heavy Industries Co. has signed a contract to lease a newbuild drillship to Italian oilfield services company Saipem S.p...

Samsung Life eyes CPPIB-style stake purchases in GPs

Samsung Life eyes CPPIB-style stake purchases in GPs

Samsung Life Insurance Co. has drawn attention from South Korean pension and savings funds with its $90 million purchase last month of a stake in Sa...

Hanwha to buy $900 mn Hanwha General shares from Samsung

Hanwha to buy $900 mn Hanwha General shares from Samsung

Two Hanwha Group units have decided to buy the remaining stake in their affiliate Hanwha General Chemical Co. for 1 trillion won ($880 million) from...

Samsung Asset in $12.4 bn oil pipeline stake purchase

Samsung Asset in $12.4 bn oil pipeline stake purchase

South Korea's Samsung Asset Management Co. has participated in a $12.4 billion acquisition of a 49% stake in Aramco Oil Pipelines Co., a unit of Sau...

LG undergoes restructuring under young Chairman Koo's bold leadership

LG undergoes restructuring under young Chairman Koo's bold leadership

On June 29, LG Group Chairman Koo Kwang-mo will reach a three-year mark of serving as the head of South Korea's fourth-largest conglomerate. This ye...

Samsung, LG take major steps forward in 6G commercialization

Samsung, LG take major steps forward in 6G commercialization

“It’s never too early to start preparing for 6G,” said Samsung Electronics Co. last July in releasing The Next Hyper-Connected Exp...

Samsung Electronics to market wearable robot for healthcare by year-end

Samsung Electronics to market wearable robot for healthcare by year-end

Samsung Electronics Co. will commercialize a wearable robot for healthcare by the end of this year as the South Korean tech giant is delving into th...

Samsung’s new 5G multi-chip combines DRAM, NAND into one package

Samsung’s new 5G multi-chip combines DRAM, NAND into one package

Samsung Electronics Co. has unveiled a new multi-chip that integrates high-performance DRAM and NAND flash memory chips into a single compact packag...

Hyundai Motor chief Chung wins top accolade at 2021 Autocar Awards

Hyundai Motor chief Chung wins top accolade at 2021 Autocar Awards

Chung Euisun, chairman of South Korea’s Hyundai Motor Group, has won the 2021 Autocar Awards' top accolade, the Issigonis Trophy, for his cont...

Hyundai Motor, Kia overtake Ford in US auto sales in May

Hyundai Motor, Kia overtake Ford in US auto sales in May

Hyundai Motor Co. and Kia Corp., the two automaking units of South Korea’s Hyundai Motor Group, in May sold more cars in the US than Ford Moto...

Samsung SDI mulls EV battery JV in US; partnership with global automaker

Samsung SDI mulls EV battery JV in US; partnership with global automaker

Samsung SDI Co., one of South Korea’s top three electric vehicle battery makers, is considering launching a battery production joint venture i...

Memory leader Samsung aims to strengthen system chips, foundry

Memory leader Samsung aims to strengthen system chips, foundry

Samsung Electronics Co. is forecast to keep its memory leadership amid growing competition, although the South Korean tech giant has some catching u...

Samsung unveils low-end 5G phone to rival China’s cheap models

Samsung unveils low-end 5G phone to rival China’s cheap models

Samsung Electronics Co. on Friday launched a low-end 5G smartphone in overseas markets amid intensified price competition initiated by Chinese mobil...

Samsung returns as foreigners’ top pick; Kospi just shy of record high

Samsung returns as foreigners’ top pick; Kospi just shy of record high

Samsung Electronics Co., the bellwether of South Korea’s main bourse, has returned as the market darling, with foreigners buying heavily on th...

LG Electronics expands overseas appliance plants as it exits phone business

LG Electronics expands overseas appliance plants as it exits phone business

LG Electronics Inc. is expanding its overseas production facilities as the South Korean home appliance giant is shifting gears toward new growth dri...

Chips, autos set S.Korea’s May export growth at fastest pace in 32 years

 Chips, autos set S.Korea’s May export growth at fastest pace in 32 years

South Korea’s exports surged to the highest level in over 32 years in May on the back of strong demand for semiconductors and automobiles, rei...

Samsung Heavy launches $900 mn rights issue process

Samsung Heavy launches $900 mn rights issue process

Samsung Heavy Industries Co. has begun the process to raise 1 trillion won ($900 million) in a rights offering, in what is set to be its first share...

Samsung loses ground in foundry market as TSMC ties in with Japanese firms

Samsung loses ground in foundry market as TSMC ties in with Japanese firms

Samsung Electronics Co., which is losing share of the global foundry market, has come under increased pressure from its bigger rival Taiwan Semicond...

Samsung Bio plans to manufacture mRNA drug substance from 2022

Samsung Bio plans to manufacture mRNA drug substance from 2022

Samsung Biologics will be entering the drug substance segment of the COVID-19 vaccine contract manufacturing business. According to industry sources...

Hyundai Santa Fe Hybrid outscores Toyota Highlander: Auto Bild ratings

Hyundai Santa Fe Hybrid outscores Toyota Highlander: Auto Bild ratings

Hyundai Motor Co.’s Santa Fe hybrid has earned higher ratings than Toyota Motor Corp.’s Highlander, one of its strongest rivals, in an e...

Global automakers accelerate EV push as chip shortage eases

Global automakers accelerate EV push as chip shortage eases

Global auto companies are moving forward with their electric vehicle (EV) and other future mobility initiatives as the global semiconductor shortage...

Samsung, Bayer join $90 mn investment in AI healthcare app Ada Health

Samsung, Bayer join $90 mn investment in AI healthcare app Ada Health

Samsung Electronics Co. and Germany’s pharmaceutical giant Bayer AG have made a joint investment in the Berlin-based artificial intelligence (...

Samsung Display to expand small OLED line with $2.7 bn investment

Samsung Display to expand small OLED line with $2.7 bn investment

Samsung Display Co., South Korea’s largest display maker, plans to spend as much as 3 trillion won ($2.7 billion) to build a new organic light...

Samsung Life buys 25% stake in Savills IM for $90 mn

Samsung Life buys 25% stake in Savills IM for $90 mn

Samsung Life Insurance Co. has agreed to buy a 25% stake in Savills Investment Management (Savills IM) for £63.75 million ($90 million) from U...

LG Electronics enjoys OLED TV boom with record Q1 shipments

LG Electronics enjoys OLED TV boom with record Q1 shipments

South Korea’s LG Electronics Inc. is enjoying the growing popularity of organic light-emitting diode (OLED) TVs, posting a record shipment in ...

Samsung, TSMC up ante in US foundry competition

Samsung, TSMC up ante in US foundry competition

The world’s two largest foundry chipmakers, Taiwan Semiconductor Manufacturing Co. (TSMC) and Samsung Electronics Co., are upping the ante in ...

Samsung Biologics to make Moderna’s mRNA vaccine from Q3

Samsung Biologics to make Moderna’s mRNA vaccine from Q3

Samsung Biologics Co. will be manufacturing the US company Moderna’s COVID-19 vaccine (mRNA-1273) from the second half of this year in Korea. ...

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