Activist funds to wage proxy battle with Samsung C&T

Activist funds to wage proxy battle with Samsung C&T

Five activist funds have joined hands to wage a proxy battle with Samsung C&T Corp., demanding additional share buybacks and dividend increases....

Samsung Electronics to hire big for AI R&D careers

Samsung Electronics to hire big for AI R&D careers

Samsung Electronics Co. is ramping up its recruitment of experienced professionals across its Device eXperience (DX) and Device Solution (DS) divisi...

Samsung spurs XR device business as new cash cow

Samsung spurs XR device business as new cash cow

Samsung Electronics Co. is accelerating extended reality (XR) device development amid intensifying competition with tech behemoths such as Google LL...

Samsung C&T develops new cooling system for data centers

Samsung C&T develops new cooling system for data centers

Samsung C&T Corp. announced on Wednesday that it collaborated with the domestic cooling system tech company DataBean to develop and commercializ...

SK Group’s Chey Tae-won heads to Europe, seeks AI partnerships at MWC

SK Group’s Chey Tae-won heads to Europe, seeks AI partnerships at MWC

SK Group Chairman Chey Tae-won will embark on a business trip to Europe next week as South Korea’s second-largest conglomerate seeks to streng...

Samsung, Princeton Univ. to team up for 6G R&D

Samsung, Princeton Univ. to team up for 6G R&D

Samsung Electronics Co. announced on Tuesday that its fore-front R&D center Samsung Research America (SRA) has joined Princeton University&rsquo...

POSCO taps ex-President Chang In-hwa as its next group chairman

POSCO taps ex-President Chang In-hwa as its next group chairman

POSCO Holdings Inc., the parent of South Korea’s largest steelmaker POSCO, has nominated former President Chang In-hwa as its next group chair...

Hyundai Department stocks down on cheap dividend policy

Hyundai Department stocks down on cheap dividend policy

Hyundai Department Store Group, a South Korean major retail conglomerate, has unveiled the group companies’ dividend payout plans for the mid ...

Not a penny for Samsung Sec in failed HMM deal, and little sympathy

Not a penny for Samsung Sec in failed HMM deal, and little sympathy

After the planned $5 billion sale of HMM Co., South Korea’s largest container shipper, to poultry processor Harim Co. fell through this week, ...

Samsung Asset to launch S.Korea's first obesity treatment ETF

Samsung Asset to launch S.Korea's first obesity treatment ETF

Korea Exchange announced on Thursday that it will list Samsung Asset Management's "KODEX Global Obesity Treatment Top 2 Plus exchange-traded fund (E...

Samsung to release pianist Seong-Jin Cho’s 8K video

Samsung to release pianist Seong-Jin Cho’s 8K video

Samsung Electronics Co. announced on Thursday that it will release the worldwide famous pianist Seong-Jin Cho’s live performance video in 8K...

Hanwha Group extends RSU to all affiliates

Hanwha Group extends RSU to all affiliates

South Korea’s Hanwha Group announced on Wednesday that it will extend the restricted stock unit (RSU) to its all affiliates. Next year, RSU ...

Samsung Biologics signs ADC CDO deal with LegoChem Bio

Samsung Biologics signs ADC CDO deal with LegoChem Bio

Samsung Biologics Co. has agreed with South Korean biotech company LegoChem Biosciences Inc. to provide contract development organization (CDO) serv...

Samsung Heavy wins $3.45 bn order for 15 LNG carriers

Samsung Heavy wins $3.45 bn order for 15 LNG carriers

South Korea’s shipbuilder Samsung Heavy Industries Co. announced on Wednesday that it has won a $3.45 billion order for 15 units of liquefie...

Jay Y. Lee heads to Middle East, Malaysia for next Samsung takeoff

Jay Y. Lee heads to Middle East, Malaysia for next Samsung takeoff

Samsung Electronics Co. Chairman Jay Y. Lee has embarked on a business trip to the Middle East in his first overseas trip since a South Korean court...

GM chair to visit Korea, meet LG Energy, Samsung SDI CEOs

GM chair to visit Korea, meet LG Energy, Samsung SDI CEOs

General Motors Chair and Chief Executive Mary Barra will visit South Korea on Wednesday to meet leaders of LG Energy Solution Ltd. and Samsung SDI C...

Samsung’s Lee to spur M&As, new growth with ‘lost decade’ behind him

Samsung’s Lee to spur M&As, new growth with ‘lost decade’ behind him

Cleared of wrongdoing charges that shackled his leadership for years, Samsung Group leader Jay Y. Lee now will actively seek mergers and acquisition...

Samsung’s Lee cleared of charges over Samsung C&T merger

Samsung’s Lee cleared of charges over Samsung C&T merger

The Seoul Central District Court on Monday acquitted Samsung Electronics Co. Chairman Jay Y. Lee of charges of being involved in illegal activities ...

Cosmax opens integrated R&D center for bio-material

Cosmax opens integrated R&D center for bio-material

Cosmax Group, South Korea's largest cosmetics manufacturer specializing in original design manufacturing (ODM), announced on Monday that it has la...

Samsung gets global carbon reduction certification for TV

Samsung gets global carbon reduction certification for TV

Samsung Electronics Co. announced on Monday that its eight product series in 2024 Neo QLED 4K and 8K, OLED, and The Frame lineups have received th...

Samsung C&T, Hyundai E&C see higher profits in 2023 on overseas projects

Samsung C&T, Hyundai E&C see higher profits in 2023 on overseas projects

Samsung C&T Corp.'s construction unit and Hyundai Engineering & Construction Co. stood out with increased profits last year on overseas proj...

Samsung’s fashion unit logs record profit again in 2023

Samsung’s fashion unit logs record profit again in 2023

Samsung Group’s fashion unit posted record profit and revenue for the second straight year in 2023. The fashion division, which logged deficit...

Hana Bank at record profit; office bets hit Hana Securities

Hana Bank at record profit; office bets hit Hana Securities

South Korea’s Hana Financial Group on Wednesday reported a dip in net profit in 2023, with record earnings at its flagship Hana Bank offset by...

Amorepacific's profit halves on weak sales in China; shares drop

Amorepacific's profit halves on weak sales in China; shares drop

South Korean cosmetics giant Amorepacific Group's stock closed at 3,400 won ($2.6) on Wednesday, down 12.1% after the group announced disappointing ...

Samsung offers upbeat 2024 outlook on chip recovery

Samsung offers upbeat 2024 outlook on chip recovery

Samsung Electronics Co., the world’s top memory chipmaker, on Wednesday offered an upbeat outlook for the semiconductor industry on recovering...

Rebellions raises $124 mn to co-develop AI chip with Samsung

Rebellions raises $124 mn to co-develop AI chip with Samsung

South Korean fabless artificial intelligence chip startup Rebellions Inc.’s plan to co-develop the next-generation AI chip with the world&rsqu...

Lotte Group Chairman says to sell ailing units for new biz: report

Lotte Group Chairman says to sell ailing units for new biz: report

Lotte Group plans to sell ailing units as the South Korean retail-to-chemical conglomerate is shifting its focus to new growth sectors such as bio, ...

Fashion Group Hyungji's profit surges 145% in 2023

Fashion Group Hyungji's profit surges 145% in 2023

South Korea's Fashion Group Hyungji reported on Tuesday a preliminary 30 billion won ($22.5 million) in earnings for 2023, a staggering 145% jump fr...

No annual bonuses for Samsung chip unit due to loss

No annual bonuses for Samsung chip unit due to loss

Samsung Electronics Co., the world’s top memory chipmaker, decided not to pay annual bonuses to staff of its semiconductor business due to the...

Baidu’s AI Ernie to power Samsung Galaxy S24 in China

Baidu’s AI Ernie to power Samsung Galaxy S24 in China

Samsung Electronics Co.'s latest smartphone series Galaxy S24 to be released in China will feature Baidu Inc.’s Ernie Bot artificial intellige...

Yonsei University: Unlikely yet adroit dealmaker in S.Korea’s M&A market S.Korea corporate law reform gains bipartisan support Hyundai Rotem seals record $6.5 bn K2 tank deal with Poland IGIS Asset resumes sale of KIC-backed Shilla Stay Seodaemun The wait is over: BTS are back with new album, global tour in spring 2026