Despite the union leaders' call for an all-out strike on June 5, workers at Renault Samsung Motors normalized the operation of the company's plant in Busan.The labor union of the struggling automaker declared a full-scale strike after its wage negotiations with the management collapsed. Yet
Some specifications of the Galaxy Note 10 have been leaked before its expected launch in the second half of this year.In particular, the Galaxy Note 10 is reported to have a shorter charging time than the previous Galaxy S10 5G and a simplified design with buttons such as earphone terminals eliminat
Kim Hyun-seok, president of Samsung Electronics' Consumer Electronics Business Division, unveiled the company’s new vision of customized home appliances at a media day event on June 4.Kim said Samsung Electronics will from now on create customized home appliances tailored to the lifestyles and t
Electronics and LG Electronics have launched their 6G mobile telecommunications research centers to take the lead in development of next-generation mobile technologies.Samsung Research, a research and development (R&D) organization of Samsung Electronics, has recently established the Next-Generation
Harman International Industries, a subsidiary of Samsung Electronics, held a ceremony on June 3 (local time) to celebrate the expansion of an auto parts manufacturing facility at its factory in Chakan of India with the attendance of local government officials.Founded in 2014, the plant produces a va
South Korean insurance companies are having a headache due to an increase in foreign exchange hedging cost. The cost attributable to the interest rate difference between the United States and South Korea is likely to lead to a significant decline in asset management profit.The Korea Life Insurance A
Major smartphone manufacturers are showing different movements in the foldable smartphone market. Samsung Electronics is having a hard time fixing the release date for its first foldable smartphone due to concerns over defects and Huawei is having the same difficulties amid the ongoing trade war bet
Korea’s five major carmakers suffered a sharp drop in their sales overseas in May, while recording a small gain in their domestic sales.The five companies -- Hyundai Motor, Kia Motors, SsangYong Motor, GM Korea, and Renault Samsung Motors – saw their combined overseas sales drop by 40,106 units from
Foreign media reports say that Huawei's smartphone shipments are expected to shrink by up to 24 percent this year due to sanctions by the U.S. administration. They report that Foxconn in Taiwan has stopped some of its production lines for Huawei smartphones.As Washington’s anti-Huawei campaign k
Samsung Electronics vice chairman Lee Jae-yong discussed the global business environment with the top executives of the company’s semiconductor and display divisions at Hwaseong Plant in Gyeonggi Province on June 1.It is quite unusual for Lee to hold such a meeting on a Saturday. The business strate
An increasing number of South Korean consumer electronics manufacturers, including Samsung Electronics and LG Electronics, are relocating their manufacturing facilities to other countries. The trend is likely to accelerate due to mounting trade protectionism and the rigidity and low productivity of
While the Invossa shock has damaged the credibility of Korea’s biotech industry, Korean biotechnology companies are redoubling efforts to find their way into the overseas market.Industry sources said on June 2 that a total of 37 Korean companies will participate in Bio USA 2019, the world's larg
The global artificial intelligence (AI) speaker market is showing signs of becoming a two-way race between U.S. and Chinese IT companies. Industry watchers say Korean companies are far behind the front-runners.The top two players in the global AI speaker market in the first quarter of this year we
The Audi A4 new model, to be launched in Europe this fall, is the first vehicle to come loaded with the Samsung Electronics’ Exynos Auto 8890, a processor for in-vehicle infortainment systems. Audi is expected to use Samsung Electronics' automotive processors for its next-generation vehicles.The
China’s Huawei Technologies opened its first 5G open lab in Seoul on May 30 amid mounting anti-Huawei pressures from the U.S. government. Huawei plans to invest about US$5 million in the lab, using it as a base for its expansion into the 5G market in Asia.Huawei held an opening ceremony for the lab
Samsung Electronics has emerged as the No. 1 player in the 5G telecom equipment market amid a global anti-Huawei campaign.Samsung Electronics ranked first with a 37 percent market share in the first quarter of this year, said a recent report by Dell’Oro, a research company specializing in the commun
LG Electronics announced on May 29 that it has appointed Dr. Darin Graham, a world-class artificial intelligence specialist, as the director of its AI lab established in Toronto, Canada, last August. Graham, a founding member of the global AI research institute Vector Institute in Toronto, has worke
Hyundai Motor's compact sports utility vehicle (SUV) Tucson has beat GM Korea's Trax to become Korea's No. 1 export car model.Hyundai Motor exported a total of 83,579 units of the Tucson by April this year, according to the Korea Automobile Manufacturers Association (KAMA). This was the
Samsung Electronics' quantum dot light-emitting diode (QLED) TV sales have exceeded those of top five organic light emitting diode (OLED) TV manufacturers for three consecutive quarters.Samsung's QLED TV sales totaled 896,400 units in the first quarter of this year, dwarfing the combined sal
An undersupply of electric vehicle (EV) batteries is occurring as more and more automakers are entering the EV market. The carmakers are trying to secure the largest possible number of EV batteries so that their production plans are not affected whereas EV battery manufacturers have already reached