"Samsung"

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.

Samsung Electronics is under fire for being “tone deaf” over women‘s safety, as the South Korean tech giant issued an apology Friday for an advertisement of a woman running down a street after midnight.

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.

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.

A subsidiary of electronic giants Samsung has been given the greenlight to further invest US$920 million in an electro-mechanic plant in northern Viet Nam.

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. 

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.

Samsung Electronics said Tuesday it will showcase 13 startup projects at the CES trade show next month to introduce their innovations to a global audience and gauge marketability.

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.

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.

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.

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.