Samsung Electronics is set to reveal its “dream memory,” three-dimensional (3D) DRAM, in 2025, marking a first in the semiconductor industry. The move is seen as Samsung reigniting its “technology gap” in the high bandwidth memory (HBM) market where it has previously lost ground to SK hynix.Accordin
The second factory of Ultium Cells, a joint venture between LG Energy Solution and General Motors (GM) for electric vehicle batteries, has commenced commercial operations. LG Energy Solution has decided to continue proactive investments, particularly in North America, as part of its strategy to soli
The price of Samsung Electronics stock has risen by 4 percent, reaching the 85,000 won (US$63) mark for the first time in about three years. This means its market capitalization has surpassed 500 trillion won.On April 2, Samsung Electronics concluded trading at 85,000 won, marking a 3.66 percent inc
Samsung Display saw its market share for smartphone Organic Light-Emitting Diode (OLED) panels fall below 50% for the first time last year, facing intense competition from Chinese manufacturers. The surge in market share for companies like BOE, which have secured exclusive supplies for Chinese smart
Samsung Electronics has regained the top spot in global smartphone sales from Apple after five months, thanks to the successful launch of the world’s first AI phone, the Galaxy S24 series, which received favorable reviews in the North American market. The latest increase in sales volumes of new fold
The global community is on edge following reports that China plans to eliminate products from American companies Intel and AMD. This move surpasses mere retaliation against the United States’ intensified semiconductor export restrictions, indicating China’s confidence in its own technological develo
Samsung Electronics and LG Electronics are both making strides in the smart factory sector.According to market research firm MarketsandMarkets on March 31, the global smart factory and automation industry market size is expected to grow from US$86 billion in 2022 to US$140.9 billion by 2027. Markets
Chey Min-jung, the younger daughter of Chey Tae-won, the chairman of SK Group, has recently founded a healthcare startup in the United States.According to industry sources on March 28, Min-jung has been listed as a co-founder of Integral Health, an AI-based healthcare startup established recently. T
LG CNS announced on March 27 that it has signed an investment agreement for the establishment of a joint venture with Indonesia’s Sinar Mas.Through this agreement, the two companies will establish a joint venture (JV) in Indonesia. The JV will target Indonesian businesses and public customers, pushi
Samsung Display Executive Director Jung Seok-woo announced plans to expedite the production of RGB-based micro OLEDs at the OLED Korea conference held at the K Hotel in Seoul on March 28.During his presentation on the Development Strategy for AR/VR in Future Displays, Jung emphasized the collaborati
Hyundai Motor Group announced on March 27 that it will hire 80,000 people and invest 68 trillion won in Korea over the next three years from this year to 2026. The plan is expected to create about 198,000 decent new jobs.The announced investment in Korea is a significant increase from the 56.2 trill
LG Group has decided to invest approximately 100 trillion won domestically over the next five years. This figure represents a slight decrease from previous investments, with half of it allocated for artificial intelligence (AI), biotechnology, and batteries.On March 27, LG Corporation, the holding c
Jo Seong-jin, CEO of LG Electronics, announced on March 26 that the company is seeking investment opportunities in adjacent industries, revealing plans for mergers and acquisitions.During the regular general shareholders’ meeting held at the LG Twin Towers in Yeouido, Seoul, CEO Jo stated, “After an
Last year, the amount spent in Korea through mobile devices such as smartphones and smartwatches exceeded that spent through physical cards for the first time. Thanks to the expansion of mobile payments, the average daily card usage surpassed 3 trillion won (approximately US$2.23 billion).According
Samsung Electronics is reportedly pursuing the acquisition of Johnson Controls’ Heating, Ventilation, and Air Conditioning (HVAC) division with an investment of US$6 billion. This would mark the company’s first major merger and acquisition (M&A) since its US$8 billion acquisition of the automotive a
China’s largest telecommunications equipment company, Huawei, is reportedly planning to release a new 5G smartphone next month.On March 23, Chinese media, including Finance World, cited multiple sources to report that Huawei’s next-generation flagship smartphone, the P70 series, is expected to be re
Controversy over AliExpress’ and Temu’s harmful content for teenagers has not subsided.Despite constant criticism from Korean consumer organizations, the two Chinese e-commerce giants’ measures have been insufficient, and responses came late from the Korean government.According to a recent report, a
POSCO Holdings, the holding company of POSCO Group, elected Chang In-hwa as its chairman in a general shareholders meeting and a Board of Directors meeting at the POSCO Center in the Gangnam district of Seoul on March 21. Chang will serve a three-year term.Tough challenges are facing Chang, who star
Samsung Electronics, which lost its lead to SK hynix in the high bandwidth memory (HBM) market, which is becoming known as the AI semiconductor market, has drawn its sword for a counterattack.The company plans to shake up the AI semiconductor market by launching a new concept of "AI accelerator" (a
Samsung Display and LG Display, the two major Korean display makers, have begun the second round of their battle in the display market. Unlike LG Display, which makes large-sized panels, Samsung Display makes smash hits focused on small and medium-sized panels. LG Display is trying to reverse its fo