Semiconductor Equipment and Materials International (SEMI) recently announced that the value of semiconductor equipment shipments in North America totaled US$1,910.80 million in April this year, up 4.7 percent from the previous month.The value showed a month-on-month increase for the first time sinc
The United States has recently demanded several times that the Korean government take part in and support its anti-Huawei campaign, the vernacular daily Chosun Ilbo reported on May 23."The United States has steadily warned the Korean Ministry of Foreign Affairs through various diplomatic channels th
Samsung Electronics and LG Electronics will launch budget phones with premium specifications next month.Samsung Electronics will release the Galaxy A50, while LG Electronics will roll out the X6. These new products are both equipped with a triple lens camera.The Galaxy A50 is Samsung's first bud
Unionized Renault Samsung Motors workers turned down the tentative wage and collective bargaining agreement that their leaders and the management reached in 11 months. Their unexpected refusal took both sides aback. The workers are planning to go on strike on May 27.Earlier, the workers announced on
Samsung Electronics appears to be moving to integrate cryptocurrencies to Samsung Pay, which accounts for 80 percent of the South Korean simple payment market. The company has recently transferred the blockchain task force (TF) of the mobile business division to the service business division.The blo
Unity Korea, a game engine developer, is set to expand support for Korean game developers by expanding the scope of Samsung Electronics smartphones that carry “Adaptive Performance”, a mobile game solution jointly launched with Samsung Electronics.Unity Korea made the announcement at “Unite Seoul 20
Chinese TV makers are putting mounting pressures on their Korean competitors. In the premium TV market, Korean companies are still in control but in the low-priced TV segment, Chinese companies are expanding their control.Chinese TV maker TCL’s market share reached 10.8 percent in terms of volume in
Samsung Electro-Mechanics has developed an ultra-slim optical 5x zoom camera module. The company announced on May 20 that it will mass-produce the new camera module, which establishes 5x zoom at a lower height than the conventional optical 2x zoom, from this month.Optical zoom allows a user to zoom
After the U.S. Commerce Department restricted Huawei’s access to American suppliers last week, U.S. companies such as Google, Intel, and Qualcomm have parted from Huawei. This development may benefit Korean companies such as Samsung Electronics and LG Electronics. However, analysts note that Huawei
Beauty blockchain firm Cosmochain has attracted US$2.50 million (2.98 billion won) token investment from a U.S. hedge fund.Cosmochain is a blockchain project that has attracted attention when Samsung Electronics selected it as an initial dApp partner for its Galaxy S10 Smartphone in March. The Galax
The Financial Services Commission and the Fintech Center of Korea announced on May 20 that the total fintech investment in South Korea reached US$520 million last year based on a rapid increase in investment in the industry.The fintech investment in South Korea began to increase in 2016 after a conc
As the U.S. government has put Huawei on a blacklist to restrict the Chinese IT company’s access to U.S. suppliers, a growing number of global companies are suspending transactions with it.While Google has decided to stop allowing Huawei to access updated versions of its popular Android applications
LG Electronics' V50 ThinQ, a dual-screen 5G smartphone, surpassed 100,000 units in sales in just one week after its launch. The figure is more than four times that of the previous model V40 ThinQ.The impressive performance of the V50 ThinQ is attributable to the three mobile carriers’ fierce com
Samsung Electronics recorded the sharpest drop in sales in the first quarter of this year among the major semiconductor companies in the world. As a result, Samsung Electronics ranked second after Intel in the United States in semiconductor sales for the second consecutive quarter.Total global semic
Lee Jae-yong, vice chairman of Samsung Electronics, recently flew into Tokyo, Japan and discussed ways to cooperate in the 5G network business with two leading Japanese mobile carriers.According to Samsung Electronics officials, Lee visited Tokyo for three days from May 15 to 17 and met with the top
Korea’s automobile production stood at 957,402 units in the first quarter of this year, down 0.6 percent from 962,803 units in the same period of last year, said the Korea Automobile Manufacturers' Association (KAMA) on May 19.Korean carmakers’ domestic sales and exports edged up 0.6 percent and
The combined operating profit of the top 10 companies listed on the benchmark KOSPI market in terms of operating profit plunged 47.3 percent in the first quarter of this year compared to a year earlier. Seven firms, excluding Hyundai Motor Co., Kia Motors Corp. and Hyundai Mobis Co., all saw their o
Samsung Electronics has succeeded in satellite broadcasting of ultra-high-definition 8K TV for the first time in Europe.Samsung Electronics announced on May 16 that it demonstrated satellite transmission of a 8K video to an 8K TV in Luxembourg with European satellite broadcasting company SES Astra o
The management and labor union of Renault Samsung Motors Corp. have reached a tentative agreement on wages and working conditions for 2018, 11 months after they began negotiations in June last year.Renault Samsung said the two sides have dramatically come up with a tentative deal. However, it still
Shinhan Investment Corp. is seeking to take over the Hyatt Regency Danang Resort and Spa in Vietnam. The company continues to focus its investment on hotels in Danang after it released a financial product earlier this year to allow investors to indirectly invest in FourPoints by Sheraton in Danang.S