Samsung Biologics signs $81 mn CMO deal with Novartis

Samsung Biologics signs $81 mn CMO deal with Novartis

South Korea’s Samsung Biologics Co. has inked an $81 million contract manufacturing deal with Novartis, the world’s fifth-largest pharma...

Samsung Elec. executes surprise chip executive reshuffle

Samsung Elec. executes surprise chip executive reshuffle

Samsung Electronics Co. undertook an unexpected personnel reshuffle on Thursday, involving 20 employees, to hold them accountable for a lower-than-e...

LG to sponsor Guggenheim’s move for tech-based art

LG to sponsor Guggenheim’s move for tech-based art

LG Group, South Korea’s No. 4 conglomerate, is set to support the Guggenheim’s move for technology-based art as the consumer electronics...

Why Samsung didn't join race for S.Korea's air taxi project

Why Samsung didn't join race for S.Korea's air taxi project

Samsung, a name seen everywhere in South Korea from apartment complexes to home appliances, is missing on the list of bidders for the country’...

South Korean millennials pay premium for authentic luxury items 

South Korean millennials pay premium for authentic luxury items 

South Korea’s traditional retail heavyweights are the unexpected winners of the recent counterfeit controversy in the high-end fashion industr...

Samsung leader Lee, Intel CEO Gelsinger discuss chip alliance

Samsung leader Lee, Intel CEO Gelsinger discuss chip alliance

Samsung Group’s de facto leader Jay Y. Lee on Monday met with visiting Intel Corp. Chief Executive Pat Gelsinger in Seoul to explore ways to f...

KTCU posts $141 mn return via landmark office exit

KTCU posts $141 mn return via landmark office exit

The sale of South Korea’s landmark office Alpharium Tower has been completed for 1.02 trillion won ($827.3 million), marking a record-high pri...

Why batteries were left out of Samsung's huge investment plan

Why batteries were left out of Samsung's huge investment plan

Citigroup Global Markets on Monday slashed its target price for Samsung SDI Co., one of South Korea's top three battery makers, by almost half and d...

GEPS taps Samsung Life's alternative investment head as CIO

GEPS taps Samsung Life's alternative investment head as CIO

Government Employees Pension Service (GEPS) of South Korea has named Baek Joo-hyun, former alternative investment head at Samsung Life Insurance Co....

Samsung Eng. wins plant design deal from Texas LNG

Samsung Eng. wins plant design deal from Texas LNG

South Korea’s Samsung Engineering Co. has won a deal to design a liquefied natural gas plant in Texas, taking a step forward to secure a turnk...

Samsung in do-or-die race with $355 bn spending plan

Samsung in do-or-die race with $355 bn spending plan

"It's not a matter of numbers, but a matter of do or die for us."This is the first public remark from Samsung Electronics Co. Vice Chairman and de f...

LG bets $34 bn on battery, automotive electronics biz for its future

LG bets $34 bn on battery, automotive electronics biz for its future

LG Group, South Korea’s fourth-largest conglomerate, is set to pour $34 billion into the battery, automotive electronics and other future grow...

Childcare app Piloto aims to instill healthy device use

Childcare app Piloto aims to instill healthy device use

Childcare app operator Piloto won first place at the May startup demo event hosted by D.Camp.  The startup accelerator’s parent company,...

Samsung further expands global TV market share in Q1

Samsung further expands global TV market share in Q1

Samsung Electronics Co. further expanded its market share in the global TV market in the first quarter of this year, while LG Electronics Inc. deliv...

Samsung to invest $355 billion in chip, biotech, 6G over five years

Samsung to invest $355 billion in chip, biotech, 6G over five years

South Korea’s top conglomerate Samsung has unveiled a plan to invest 450 trillion won ($355 billion) over the next five years in strategic sec...

Samsung SDI, Stellantis pick Indiana for US EV battery plant

Samsung SDI, Stellantis pick Indiana for US EV battery plant

Samsung SDI Co., the world’s sixth-largest battery maker, and Dutch-domiciled multinational automaker Stellantis N.V. picked the state of...

Winia Electronics sharpens marketing efforts in Mexico

Winia Electronics sharpens marketing efforts in Mexico

Winia Electronics Co., a medium-sized South Korean consumer electronics company, is the top microwave brand in Mexico. It is a little-known fact tha...

Yoon, Biden highlight 'economic security alliance' following Samsung tour

Yoon, Biden highlight 'economic security alliance' following Samsung tour

South Korean President Yoon Suk-yeol and visiting US President Joe Biden emphasized the two countries' iron-clad commitment to economic security all...

Korea may be backpedaling in semiconductor push: Lawmaker

Korea may be backpedaling in semiconductor push: Lawmaker

A sudden surge in demand for semiconductors post-pandemic, coupled with a prolonged chip shortage, has forced policymakers worldwide to revisit poli...

Korea electronics retailers face headwind from e-commerce, dept. stores

Korea electronics retailers face headwind from e-commerce, dept. stores

South Korea’s major electronics retailers such as Lotte Himart are facing a headwind as more customers are buying home appliances online and d...

LG Uplus eyes metaverse niches for office workers, kids

LG Uplus eyes metaverse niches for office workers, kids

South Korea’s LG Uplus Corp. will target specific groups of customers such as office workers and preschoolers for its metaverse platforms, set...

MBK puts home decor firm Modern House on market

MBK puts home decor firm Modern House on market

MBK Partners has added South Korea's top home decor company Modern House to the list of assets it plans to exit this year, as domestic retail giants...

Police identify visitor to Terra founder's home as crypto streamer

Police identify visitor to Terra founder's home as crypto streamer

The uninvited visitor to Terraform Labs co-founder and CEO Do Kwon's Seoul residence has been identified by police. An AfreecaTV streamer who g...

Samsung to make mobile AP chip dedicated to Galaxy smartphones

Samsung to make mobile AP chip dedicated to Galaxy smartphones

Samsung Electronics Co. is working on a mobile application processor chip, which will be used exclusively for its flagship Galaxy smartphone series ...

KB Asset buys Belgian office towers for $654 million

KB Asset buys Belgian office towers for $654 million

KB Asset Management Co., the investment arm of KB Financial Group in South Korea, said on Friday it has completed a 100% acquisition of North Galaxy...

Korea's top real estate managers bulk up assets in COVID-19

Korea's top real estate managers bulk up assets in COVID-19

Real estate funds in South Korea have increased by 27% to 130 trillion won ($101.4 billion) from 102 trillion won over the past two years, accordi...

Samsung SDS takes smart logistics platform Cello Square to China

Samsung SDS takes smart logistics platform Cello Square to China

Samsung SDS Co., the information technology service unit of Samsung Group, is taking its smart logistics platform, Cello Square, to China to offer l...

Samsung to join NuScale's SMR nuclear plant projects

Samsung to join NuScale's SMR nuclear plant projects

South Korea's Samsung C&T Corp. will make its foray into the small modular reactor (SMR) market by joining the US-based NuScale Power in buildin...

Time for Samsung to get another Fukuda Report

Time for Samsung to get another Fukuda Report

Eight years ago today, the late Samsung Group leader Lee Kun-hee collapsed at his home following a heart attack, a harbinger of doom six years later...

Korea losing ground in semiconductor talent development

Korea losing ground in semiconductor talent development

South Korea, home to the world’s top two memory chipmakers, is losing ground for talent development in the semiconductor sector as fewer profe...

US unveils 25% tariffs on S.Korea, sets Aug. 1 deadline for agreement Samsung’s Q2 operating profit plunges 56% on sluggish chip sales Samsung Heavy Industries clinches $635 mn preliminary FLNG deal with African shipowner Gochujang, fiery seasonings: K-sauces go viral among adventurous foreign palates HD Hyundai, India’s Cochin Shipyard to pursue joint shipbuilding orders