SK Hynix announced on June 26 that it is ready for volume production of the world's first 128-layer one-terabyte (TB) 4D NAND flashes based on triple level cell (TLC) arrays.The Korean chipmaker achieved the milestone in just eight months since it announced the world’s first 96-layer 512 Gb (gig
The heads of Samsung, Hyundai Motor, SK and LG Groups met with Crown Prince of Saudi Arabia Mohammad Bin Salman bin Abdulaziz Al Saud on June 26 and discussed cooperation in various industries such as energy, information and communications technology (ICT) and automobile.The South Korean companies a
Samsung C&T's construction unit announced on June 25 that it has won the Thi Vai LNG Terminal construction project, which was awarded by Vietnam's state-run gas firm PetroVietnam Gas Corp.The company said it has formed a consortium with the local company PetroVietnam Technical Services Corp.
SK Group plans to move all IT systems of its affiliates to the cloud by 2023 to enhance IT scalability and flexibility by tapping into the latest digital technology.SK Group has recently set up a group task force (TF) to establish a road map for cloud conversion. The roadmap will be finalized by the
U.S. President Donald Trump is expected to meet with Korean business leaders during his visit to Korea from June 29 to 30. They will include Lee Jae-yong, vice chairman of Samsung Electronics, Chung Eui-sun, senior vice chairman of Hyundai Motor Group, Chey Tae-won, chairman of SK Group, and Koo Kwa
Edelman Korea, part of the world’s largest communications marketing agency, has announced its release of Edelman Digital Korea’s third issue of EDK Trends Watch, which covers the top 11 market, target, and technology trends that will shape 2020. The trends book has been first released at Edelman Dig
Lee Jae-yong, vice chairman of Samsung Electronics, had a private meeting with key executives of non-electronic affiliates of Samsung Group on June 24 to discuss their business strategies.Lee visited the main building of Samsung C&T for a meeting with Lee Young-ho, president of Samsung C&T's Con
The Korea Institute for Industrial Economics & Trade announced on June 24 that the ongoing global economic recession and U.S.-China trade war are likely to lead to a 5.9 percent decline in South Korea’s exports and a 6 percent decline in capital expenditure this year.“In South Korea’s 13 key industr
OLED TVs are leading the European market for premium TVs costing more than US$2,500, while the U.S. premium TV market is led by LCD TVs. The global OLED TV market is dominated by LG Electronics, while Samsung Electronics is the key player in the premium LCD TV market.Europe and the United States acc
Some production lines at Toshiba Memory Corp.’s plant in Mie Prefecture, Japan, have not been restored yet after a shutdown on June 15 due to a power failure. Semiconductor industry analysts estimate the damage caused by the blackout at 30,000 to 100,000 wafers, which represent 10 to 25 percent of T
The Korean fabless market is expected to expand in line with the government's policy to foster system semiconductors.Korean fabless companies are given an opportunity to grow, but semiconductor industry insiders say that their small share in the world fabless market and lack of professional huma
LG Electronics was ranked fourth among the 24 companies in the U.S. Consumer Reports reliability survey. The company placed first among the household appliance companies that sell all eight surveyed products.According to industry sources on June 21, Consumer Reports gave LG Electronics a score of 68
Samsung Display Co., which dominates the small and mid-sized organic light emitting diode (OLED) panel market, is set to make a large-scale investment in large OLED panels for TVs.Earlier, the company was expected to announce investment plans for quantum-dot OLED (QD-OLED) for TVs in April, but it d
The United States International Trade Commission (USITC) decided on June 19 to investigate seven IT companies, including Samsung Electronics, regarding possibilities of touch screen-related patent infringement. The decision is based on a request from Neodron, which is headquartered in Dublin, Irelan
Brain drain from South Korea is becoming increasingly noticeable in various industries, ranging from semiconductor to electric vehicle (EV) battery.The International Institute for Management Development (IMD) recently announced that South Korea ranked 43rd out of 63 countries last year, with a score
The South Korean cloud computing market has been dominated by global players such as Amazon Web Services and Microsoft, whose combined market share is currently as high as 80 percent. South Korean IT companies are trying to make a breakthrough with multi-cloud attracting much attention these days an
The Chinese Embassy in Korea has proposed a meeting with the Korea Automobile Manufacturers Association (KAMA).Industry insiders say that on the surface, the embassy proposed the meeting to promote cooperation between the two countries in the field of automobiles and parts, but a more practical inte
Samsung Electronics has been recognized as a reliable desktop and laptop PC brand in the United States.The company was ranked first in a recent computer reliability survey conducted by Rescuecom, a U.S. computer service franchise.Rescuecom publishes the Computer Reliability Report on a regular basis
Speculation is rife about the possibility of SK Hynix Inc. strengthening its system semiconductor business.SK Hynix is expected to post 6.44 trillion won (US$5.49 billion) in sales and 822.80 billion won (US$701.39 million) in operating profit in the second quarter, according to market tracker FnGui
General Motors Co. Chairman Mary Teresa Barra announced restructuring plans last year to downsize the workforce by 18,000 in North America and shut down seven plants around the world. In addition, she said she would close down two more overseas plants which fail to make a profit at the end of this y