Samsung Engineering wins $680 mn gas plant project in Malaysia

Samsung Engineering Co. has won a $680 million gas plant construction order in Malaysia from UK-headquartered energy giant Shell plc’s subsidi...

Samsung Elec. showcases virtual playground on Roblox

Samsung Electronics Co. unveiled a virtual playground within Roblox, the world’s top metaverse game platform with 54 million users a day, as t...

Korean firms eye alternative assets for safer investments, survey finds

South Korean corporates are increasingly eyeing alternative assets seeking downside protection amid interest rate hikes and equity and bond price dr...

Samsung Elec. to launch Korea's first dual SIM smartphones in August

Samsung Electronics Co. is slated to enable embedded subscriber identity modules (eSIMs) into its new foldable smartphones available in South Korea ...

Celltrion, Samsung Biologics eye record-high annual sales

South Korea’s two major biopharmaceutical companies, Celltrion Inc. and Samsung Biologics Co., are respectively expecting more than 2 trillion...

Blockchain game developer Planetarium Labs raises $32 mn 

Planetarium Labs raised $32 million in a Series A funding round, led by Animoca Brands, and joined by Samsung Next, WeMade, and Krust Universe.The s...

Samsung Elec's Q2 earnings signal end of upward run

Samsung Electronics Co. on Thursday estimated that its second-quarter operating profit and sales edged down from three months before, reversing its ...

Hyundai E&C, Samsung Eng. partner with Saudi Aramco

South Korea’s Hyundai Engineering & Construction (Hyundai E&C) Co. and Samsung Engineering Co. were selected as official partners of N...

Korea faces risk from record $114 bn in inventory assets

South Korea’s major listed companies held record inventory assets as they piled up raw materials to deal with the global supply chain disrupti...

Samsung wins multi-billion-dollar camera module deal from Tesla

Samsung Electro-Mechanics Co., the electronic components unit of Samsung Group, has won a multi-billion-dollar deal to supply camera modules to Tesl...

Korea shipbuilders throttle up wind farm business

South Korea’s major shipbuilders are competing to lead the global wind farm industry, an emerging game-changer in the renewable energy sector,...

Samsung's 3 nm chip narrows microchip gap with TSMC

Samsung Electronics Co. has kicked off mass production of 3-nanometer chips based on the industry’s smallest process node as a global first, a...

Samsung Eng. to invest in Vietnam for SE Asia water biz

Samsung Engineering Co. agreed to spend $41 million on Vietnam’s largest private water treatment company for the eco-friendly business in Sout...

Samsung nears 3-nano chip mass production ahead of TSMC

Samsung Electronics Co. is close to mass producing 3-nanometer chips based on a next-generation ultramicro fabrication process as a global first and...

Samsung SDI inks $6.6 bn deal for 60% of elecfoil needs

Samsung SDI Co., South Korea’s major battery maker, inked a $6.6 billion contract to secure 60% of its needs for elecfoil, an ingredient for c...

Samsung to fuel rivalry with Sony in mobile image sensor market

Samsung Electronics Co. is set to narrow the gap with bigger competitor Sony in the global image sensor market. The South Korean tech giant introduc...

S.Korean conglomerates look to paint future with NFTs

The non-fungible token (NFT) ecosystem has penetrated into mainstream society. NFTs are digital assets that represent objects in the physical world,...

Samsung Heavy wins record $3 billion LNG carrier order; outlook bright

Samsung Heavy Industries Co., a leading South Korean shipbuilder, has swept global orders for LNG carriers, more profitable than oil tankers and con...

Ex-Samsung exec says Korea chip sector needs more support

South Korea’s semiconductor sector needs more support from the government not only to compete against global rivals backed by their own govern...

Samsung to boost chip substrate investment after Apple order

Samsung Electro-Mechanics Co. will expand its manufacturing facilities for high-performance package substrates in both South Korea and Vietnam, afte...

More LPs tap ex-Samsung Life professionals as CIOs

A number of financial experts who built their careers at Samsung Life Insurance Co. are in the spotlight as more South Korean pension funds and mutu...

Samsung holds emergency CEO meeting on technology, risk

Chief executives of Samsung Group’s technology units, led by Samsung Electronics Co., held an emergency meeting on Monday to discuss new techn...

Samsung SDI to develop cylindrical batteries for Tesla, other EV makers

Leading South Korean battery maker Samsung SDI Co. is ramping up facilities for cylindrical batteries to supply its products to Tesla Inc. and oth...

Samsung Bioepis’ SB12 shows same clinical effects as Alexion’s Soliris

Samsung Bioepis Co., a biopharmaceutical unit of Samsung Group, said its SB12, a proposed biosimilar to Alexion Pharmaceuticals Inc.’s rare bl...

S.Korean trucker strike enters 3rd day, targets Samsung’s supply chain

South Korea’s unionized truckers, on day three of a large-scale strike, have moved to disrupt the supply of materials needed to manufacture se...

Samsung aims to replicate Galaxy success with Bespoke home appliances

Samsung Electronics Co. aims to replicate the success of its Galaxy series of smartphones with other home appliances sold under its premium Bespoke ...

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

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