Samsung Electronics has been ranked among the top five global brands for the fourth consecutive year.The Korean tech giant took fifth place in the world with a brand value of US$91.4 billion. This is a 4 percent jump from 2022, according to the Global 100 Brands released by Interbrand, a global bran
Hyundai Motor Group came in second after Tesla in the first three quarters of this year as the number of electric vehicle (EV) registrations in the United States surged despite concerns over slowing demand for EVs.According to a report by Automotive News Nov. 12, a U.S. automotive publication, the n
The concept of a silicon shield in the global semiconductor industry can be defined as the Taiwanese semiconductor industry’s role as a deterrent against Chinese military invasion. According to the concept, the entire world is reliant on Taiwan’s semiconductor industry and, as such, a Chinaese invas
The LA Times reported that the U.S. Inflation Reduction Act is adversely affecting Hyundai Motor Group and its EV sales volume in the United States.“The act is to provide subsidies for EVs manufactured and sold in the United States, such as those of Ford, GM and Tesla, and Hyundai Motor Company and
Global brand consulting company Interbrand estimated Samsung Electronics’ brand value for this year at US$87.7 billion, the fifth highest after the U.S. Big Four tech companies -- Apple, Microsoft, Amazon, and Google. Samsung has maintained its fifth place for three consecutive years since 2020.Hyun
U.S. Treasury Secretary Janet Yellen remarked that the U.S. government would make no exception in the Inflation Reduction Act, although it is well aware of South Korea’s and Europe’s concerns over its impact on EV manufacturers.Bloomberg reported that non-U.S. automakers are lobbying not to be discr
The European Union and Japan, as well as South Korea, are objecting to the U.S. Inflation Reduction Act, pointing out that the United States is violating the principle of fair competition. European Commission Executive Vice President Valdis Dombrovskis and U.S. Trade Representative Katherine Tai dis
Korean automobile industry insiders are raising the call for the South Korean government to change its electric vehicle (EV) subsidy policy, as the United States and China are becoming increasingly nationalistic in the EV and EV battery industry. According to experts, however, the policy cannot be c
Jobs are rapidly moving to the United States. More and more companies are reshoring to the United States, non-U.S. companies are increasing investment there, and job creation there is expected to amount to 348,493 this year alone according to Reshoring Initiative. This is because the U.S. government
Qualcomm signed a US$4.2 billion contract with GlobalFoundries on Aug. 8 to increase its chip purchase. The size of their contracts increased to US$7.4 billion and the additional contract is for GlobalFoundries to produce in New York chips designed by Qualcomm for 5G transceiver, Wi-Fi, automotive a
As the U.S. Congress recently passed the CHIPS Act of 2022 to provide US$52 billion to support the U.S. semiconductor industry, global semiconductor companies such as Samsung Electronics, Intel, and TSMC seem to pay much attention to how the subsidies will be distributed.The U.S. House of Representa
South Korean Trade Minister Yeo Han-koo had a meeting with U.S. Trade Representative Katherine Tai in Seoul on Nov. 19 and said on Nov. 22 that they discussed South Korea’s role in the United States’ new economic framework in the Indo-Pacific region.At present, the United States is expanding its coo
Samsung Electronics was ranked 14th in the Global Top 100 Brand Corporations 2021, which was released by the European Brand Institute (EBI), a brand consulting firm based in Vienna, Austria, on Oct. 4. Samsung Electronics was the only Korean company included in the list.Samsung Electronics' bran
The U.S. government told semiconductor manufacturers and their clients, including Samsung Electronics, SK Hynix, TSMC, Intel and Apple, to submit their confidential information by Nov. 8. What the South Korean companies are particularly concerned about are contract cancellation, product price fluctu
Foreigners’ domestic bond holdings hit an all-time high of 8.9 percent of the total on Aug. 20. Specifically, the holdings increased 29.62 percent from 151.3983 trillion won to 196.2404 trillion won from the end of last year to that day and the ratio jumped from 7.3 percent to 8.9 percent in that pe
South Korean individual investors are diversifying their overseas investment portfolios. According to Mirae Asset Securities, they invested in 5,638 foreign stocks in 2018 but the current number is 13,420.“Our customers are currently investing in 8,474 U.S. stocks, followed by 1,342 Hong Kong, 1,028
The United States is showing nationalism in the energy industry as well as semiconductor by making an issue of the South Korean government’s gas turbine competitiveness enhancement plan.The Office of the United States Trade Representative recently said that the plan has been designed to prefer South
A White House meeting to discuss how to cope with the ongoing global chip shortage is scheduled for April 12. At present, Samsung Electronics is the only non-U.S. company on the open list of invitees.SK Hynix, second-largest in the DRAM market and fifth-largest in the NAND market, is unlikely to joi
The Korea Institute for Industrial Economics and Trade said in its report on March 25 that U.S. President Joe Biden’s recent executive order related to semiconductor and EV battery supply chains is based on the United States’ long-term national strategy to lead high-tech manufacturing industries and
The Donald Trump administration officially announced on Oct. 28 that South Korean candidate Yoo Myung-hee should be the new head of the WTO. The announcement was made immediately after Nigerian candidate Ngozi Okonjo-Iweala outscored her in the latest WTO survey.The announcement has to do with the p