Samsung bets on H2 recovery with heavy spending after record chip losses

Samsung Electronics Co. on Thursday reported its worst quarterly loss for its semiconductor business, but echoed the widely held industry view that ...

S.Korean gov’t to export domestic tax service system abroad

South Korea's National Tax Service (NTS) is looking to export its world-renowned electronic tax administration system after successfully implementin...

POSCO to supply steel to Samsung Electronics under long-term contract

POSCO Holdings Inc., the parent of South Korea’s top steelmaker, will supply steel to Samsung Electronics Co. under a long-term deal, which is...

Samsung, MS open Gaming Hubs in London, New York

Samsung Electronics Co. has partnered with Microsoft to launch gaming hubs in the heart of London and New York. The two companies have installed Sam...

LG Electronics to bolster B2B to transform into software company

LG Electronics Inc., South Korea’s home appliance giant, will expedite its push to transform from a white goods manufacturer into a digital so...

Samsung Display to use waste glass in cement to erect new HQ

South Korea's Samsung Display will use recycled cement using waste glass from the display production process to build a new headquarters.The company...

Samsung faces $303 mn jury verdict in memory patent lawsuit in US

Samsung Electronics Co. lost a semiconductor patent infringement lawsuit filed in the US. The South Korean company received a jury verdict to pay ab...

Samsung Life buys 20% of French asset manager Meridiam

Samsung Life Insurance, managing 223.1 trillion won ($167.5 billion) in assets, has acquired a 20% stake in Paris-based infrastructure investment fi...

Samsung Heavy forms int'l consortium to make nuclear plants at sea

South Korea's Samsung Heavy Industries (SHI) and Korea Hydro & Nuclear Power (KHNP) and Denmark's Seaborg Technologies on Friday announced their...

Samsung, LG show Korean War hero tribute videos on Times Square

A tribute video to honor Korean and U.S. veterans of the Korean War started screening on billboards in New York’s Times Square on Thursday. Th...

Korean won near 5-month low despite weak dollar; outlook dark

The South Korean won fell to the weakest level in almost five months, underperforming other currencies despite a softer dollar, as sluggish fundamen...

Samsung’s Lee likely to meet Apple, Google, MS CEOs during US trip

 Samsung Group leader Lee Jae-yong will meet with chief executives of leading US companies, including Apple Inc.’s Tim Cook and Google LL...

S.Korea’s five major companies form data network alliance

South Korea's five major companies have joined forces to make a combined data product that consolidates their respective information, ranging from c...

Korean battery players LG, Samsung, SK sweep US EV tax credits

It has long been talked about and finally confirmed: South Korean battery companies are well-placed to benefit from the strengthened requirements of...

S.Korea releases guidelines on development of small modular reactors

South Korea has released guidelines on the advancement of small modular reactors (SMR), a critical sector for the domestic nuclear power industry, u...

Samsung Store tops home appliance store in S. Korea

Samsung Store, Samsung Electronics Co.'s direct-to-consumer (D2C) channel, has exceeded Lotte Himart in domestic sales for the first time in its his...

Samsung SDI unveils super-gap battery tech aimed at Chinese market

South Korea's leading secondary battery maker Samsung SDI Co. is setting its sights on China's battery market with its super-gap solid-state battery...

Samsung unveils HealthStack at US healthcare tech exhibition

Samsung Electronics Co. announced on Tuesday that it will showcase Samsung HealthStack ver. 1.0 at the "2023 HIMSS Global Health Conference & Ex...

MBK Partners co-founder tops 50 richest S.Koreans: Forbes

Michael ByungJu Kim, co-founder and partner at private equity firm MBK Partners, has topped the ranking of the 50 richest South Koreans by net worth...

LG Electronics supports ESG certification for overseas suppliers

LG Electronics Inc. is accelerating its support for enhancing the environmental, social and governance (ESG) capabilities of domestic and overseas p...

Samsung competes with Apple on rising non-terrestrial network market

The global market for non-terrestrial networks (NTN), or communications systems that use satellites to text and make phone calls even in places wher...

Samsung Galaxy may use Bing as default search engine, not Google

Samsung Electronics Co., the world’s second-largest smartphone maker, is considering switching the default search engine for its Galaxy mobile...

Samsung's Bespoke Infinite appliance wins iF Design Awards

Samsung Electronics co. has received a total of 80 awards, including one gold award, in 2023 iF Design Awards, an international design competition h...

Samsung Elec launches foundry package turnkey service

Samsung Electronics Co., the world’s No. 2 foundry player, has begun package turnkey service for contract chip manufacturing as it aims to tak...

Samsung Electronics opens 3rd C-Lab Outside regional hub

Samsung Electronics Co. on Thursday opened the third regional center of its C-Lab Outside, a corporate partnership program to nurture local startups...

LG to unveil healthcare product; open to startup M&As

South Korea’s LG Electronics Inc. is set to unveil its first digital healthcare product in the second half of this year, three years after it ...

DRAM prices rebound on Samsung output cut; earlier recovery eyed

Memory chip prices are staging a rebound for the first time in more than a year following Samsung Electronics Co.'s near-term production cut, b...

Samsung installs massive MicroLED screen at luxury hotel in UAE

Samsung Electronics Co. on Wednesday said it has supplied a large number of smart signage and TV screens to Atlantis the Royal, a luxury hotel and r...

Samsung Electronics launches latest stick vacuum cleaner via catwalk

Samsung Electronics Co. on Tuesday said it launched the unique publicity campaign "Jet Walk" stressing "an uber-powerful cleaning show the world has...

Hyundai E&C, Samsung C&T to jointly establish construction robot ecosystem

Hyundai Engineering & Construction and Samsung C&T Corp.'s construction unit andannounced on Tuesday that they have signed a strategic bus...