The Australian government recently filed a suit against Samsung Electronics Australia, claiming that the company’s advertisement regarding Galaxy smartphones’ waterproof functions is misleading.The latest flagship smartphones of Samsung Electronics, LG Electronics and Apple come with IP68 waterproof
Samsung Heavy Industries has built the world’s largest container ship that is 400 meters long, 61.5 meters wide and 33.2 meters high.Samsung Heavy Industries said on July 8 that it had successfully completed the construction of a 23,000-TEU container ship that can carry 23,756 20-foot containers at
As the Japanese government tightens restrictions on semiconductor material exports to Korea, there is a growing call for localization of major items. Some experts assert that large Korean semiconductor producers’ lack of investment in the material industry hinders localization of key materials neede
Hyundai Motor Group has brought the highest return to investors among the top five business groups in South Korea so far this year.The group’s listed affiliates recorded a price earnings ratio of 15.22 percent this year as of July 4, the highest among the country’s five biggest business groups, incl
Samsung Electronics vice chairman Lee Jae-yong flew to Japan on July 7 to deal with Japan’s display and semiconductor material export restrictions. The next day, he discussed the issue with a number of local entrepreneurs, expressing concerns that the restrictions may negatively affect Samsung Elect
Samsung C&T has won a multi-purpose mall project worth 270 billion won in Malaysia.The company announced on July 7 that it has recently received a letter of acceptance for its bid on the KLCC Podium Building project from Arah Moden, a property developer in Malaysia.The US$179 million project involve
The top 20 companies in the secondary KOSDAQ market have lost nearly 12 trillion won (US$10.24 billion) in market value so far this year. This is because most of the biotech, media and entertainment stocks, which rank among the top in terms of market cap and are the three pillars of the KOSDAQ marke
Samsung Electronics Co.’s smartphone business division suffered a setback in operating profit in the second quarter despite an increase in sales of the Galaxy series. The company’s profitability worsened due to intensifying competition with Chinese companies such as Huawei Technologies Co. and Xiaom
Samsung Electronics vice chairman Lee Jae-yong went on a business trip to Japan in the evening of July 7 with the company trying to deal with Japan’s semiconductor material export restrictions and tensions over the issue escalating between the South Korean and Japanese governments. The vice chairman
Oracle Korea announced on July 3 that it would open a new data center within a year after it established the first one, dubbed Seoul Region, in May this year.Oracle's second-generation cloud data center is distinguished from first-generation services of the existing service providers like Amazon
The BESPOKE refrigerator, a customizable refrigerator recently launched by Samsung Electronics, is getting favorable reviews from overseas media outlets. With the new refrigerator, customers can customize their own configurations of material, color, sizing and other feature choices. It comes in eigh
Masayoshi Son, chairman of Japan’s SoftBank Group, discussed global economic issues with heads of major Korean business groups on July 4. Son met with the Korean business leaders at the Korean Furniture Museum in Seongbuk-dong, Seoul, after visiting President Moon Jae-in earlier in the day.In attend
Japan’s regulation on semiconductor and display material exports to Korea has put Samsung Electronics on red alert. In particular, executives of the Foundry Business Division have canceled their summer vacation plans and are holding emergency meetings as they have to deliver products to many major c
South Korean automakers and component producers have shifted into survival mode. Some of them have temporarily shut down their plants because of sluggish sales and started a large-scale restructuring of their overseas operations. One of the reasons for their dire situation is depressed global demand
Korea’s listed companies are expected to show worse results in the second quarter earnings season, which begins with Samsung Electronics’ tentative result announcement. Although expectations have been lowered amid global economic slowdown, major companies in such key industries as semiconductor, ste
Japanese automakers are put on alert in the Korean market. They have enjoyed a sharp sales growth so far this year, with their share of the Korean market topping 20 percent for the first time since 2010. But as Japan has retaliated Korea by restricting exports of core semiconductor materials, a “Boy
The Japanese government's action to regulate semiconductor material exports to Korea will not affect semiconductor production by Korean chipmakers, NH Investment & Securities said on July 3."We have found out that the Japanese government’s restrictions on resists were limited to EUV resists,” sa
Samsung Electronics has completed a redesign of the Galaxy Fold to fix screen defects, Bloomberg reported on July 3. However, it is still unclear when the Galaxy Fold will be launched.Bloomberg reported that Samsung Electronics is now in the final stages of preparations for commercial production of
KB Securities Co. said on July 3 that QLED TV sales will surge this year, presenting a positive investment opinion for the display and home appliance industry as before.Analyst Kim Dong-won said, “Shipments of QLED televisions, which have already surpassed those of OLED televisions from the third qu
The Yomiuri Shimbun reported on July 3 that a number of Japanese companies are expressing concerns that the Japanese government’s export restrictions against South Korea would negatively affect themselves and the overall economic ties between the two countries. Some Japanese experts are pointing out