Published: May 11, 2022
In his inauguration speech on Tuesday, South Korean President Yoon Suk-yeol reaffirmed he would seek a small government and push for growth and a market economy. And South Korea’s top four chaebols – Samsung, SK, Hyundai Motor and LG – seem ready to fuel the momentum.
Published: Apr 06, 2022
Samsung Electronics and its tech foundation said Tuesday they are spending a combined 48.65 billion won ($40 million) this year to fund 27 new research projects on futuristic technologies from anti-aging to new materials for chips.
Published: Feb 19, 2022
Despite a series of actions and pledges to make its business more environmentally sustainable, Samsung is still facing calls for a more aggressive approach to reducing greenhouse gases from global institutional shareholders of the tech titan.
Published: Jan 10, 2022
South Korea’s largest automaker Hyundai Motor, like other major carmakers around the world, suffered big from global semiconductor shortages last year, despite wide growing demand for new vehicles.
Published: Jan 07, 2022
Samsung Electronics logged an operating income of 51.57 trillion won ($42.89 billion) for 2021, up 43.3 percent from a year prior, as its businesses ranging from semiconductor chip to smartphones and home appliances have seen a surge in global demand, its preliminary filing showed Friday.
Published: Dec 27, 2021
President Moon Jae-in will meet with leaders of South Korean conglomerates, including Samsung chief Lee Jae-yong, to thank them for their efforts in participating in government-led job creation projects for young people and discuss implementation plans on Monday, Cheong Wa Dae confirmed Sunday.
Published: Nov 30, 2021
Samsung Electronics is poised to employ a new personnel management system starting in 2022 that could foster young executives, in a move to lay the groundwork for a “New Samsung” era under Samsung’s de facto leader Lee Jae-yong, the South Korean tech giant said Monday.
Published: Nov 25, 2021
Samsung Electronics will invest $17 billion into its foundry sector, a business that makes money by manufacturing chips clients have designed. But some experts say that despite the staggering size of the investment, the South Korean tech giant is unlikely to challenge the global foundry race led by TSMC.
Published: Nov 14, 2021
After staying under the radar for more than three months since his parole in August, Samsung Electronics Vice Chairman Lee Jae-yong on Sunday revealed himself at an airport in Seoul leaving for a business trip to Canada and the United States.