Samsung Group’s electronics units are said to be planning to invest 25 billion rupees (US$360.35 million or 421.25 billion won) in smartphone production lines in India.Samsung Display Co. and Samsung SDI Co. are planning to establish their local subsidiaries in India and invest 15 billion rupees (US
Kakao is planning to expand its insurance services and its move is likely to accelerate the growth of the domestic online insurance market. Insurers aiming to increase their online sales and attract more young customers are looking to participate in Kakao’s platform.At present, Kakao Pay is discussi
Market research firm SNE Research announced on May 7 that SK Innovation ranked ninth in the world in the first quarter of this year in terms of electric vehicle (EV) battery supply to end consumers.The EV battery supply by SK Innovation totaled 447 MWh during the period, up 301.2 percent from a year
It seems that Samsung Electronics needs more time to fix the display problems of the Galaxy Fold. The company told its U.S. customers on May 6 (U.S. time) that it would provide them with specific shipping information “in the coming weeks.”According to the U.S. IT media CNET, Samsung Electronics sent
Samsung Electronics, which aims to be the No. 1 non-memory device manufacturer until 2030, is spurring the development of its own graphics processing unit (GPU). GPU is a device specialized for processing high-volume data like graphics. It is an essential device in the era of artificial intelligence
Korea Fair Trade Commission Chairman Kim Sang-jo stressed on May 5 that the South Korean government’s policy stance regarding income-led growth and chaebol reform remains basically unchanged.“The government’s economic policy can be broadly divided into income-led growth, fair competition and innovat
Although Samsung Electronics Co. showed poor performance in the first quarter of this year, the total market cap of listed subsidiaries of Samsung Group has increased by more than 50 trillion won (US$42.74 billion) from the beginning of the year.The combined market cap of the 16 listed companies aff
A local think tank said on May 6 that two thirds of all sales posted by South Korea's top 10 companies came from overseas last year. These firms paid 19 trillion won (US$16.24 billion) in corporate taxes in Korea for their overseas sales.The combined sales of the country’s 10 largest companies i
Samsung Fire & Marine Insurance has made an equity investment in Canopius, one of the 10 insurers in Lloyd’s of London, advancing into the global specialist insurance market, the company announced on May 6.Specialist insurance covers damage from terrorist attacks and nuclear power plant accidents, d
A red flag has been raised for Korea's auto exports. The five automakers in Korea -- Hyundai Motor, Kia Motors, GM Korea, SsangYong Motor and Renault Samsung Motors -- suffered a setback in auto exports in April.Hyundai, SsangYong and GM Korea recorded a double-digit growth in domestic sales on
Chinese LCD makers are stepping up their offensive. Chinese makers accounted for 33.9 percent of the global shipments of 60-inch or larger LCD TV panels in the first quarter of 2019, market researcher IHS Markit said on May 1. This means that they ramped up their market share nearly ten-folds from 3
Samsung Electronics will rev up research activities on key technologies of artificial intelligence (AI) that can be applied to next-generation system semiconductors.Samsung Electronics announced on May 2 that it moved its Montreal AI Lab of the Samsung Advanced Institute of Technology to the Mila In
Contrary to market expectations, the trading volume of Samsung Electronics shares has decreased following its 50:1 stock split. The company's stock price has not surpassed even once the basis price of 53,000 won (US$45.51).Samsung Electronics’ daily average trading value has come to 525.60 billi
Moody’s Investors Service, one of the largest global credit rating agencies, said on May 2 that Samsung Electronics Co.’s annual sales and operating profit before adjustment will decrease by 10 percent and 50 percent, respectively, this year compared to last year when it posted its best-ever perform
South Korean forced labor victims submitted a request to the Supreme Court on May 1 so that Japanese companies such as Nippon Steel are forced to sell their assets in South Korea. Under the circumstances, South Korean companies’ concerns are growing over increasing conflicts between South Korea and
The Samsung Notebook Pen S has received the highest score in U.S. Consumer Reports’s review of 15- to 16-inch laptops.The 2019 edition of the Notebook Pen S, which was released by Samsung Electronics last year, ranked first with 84 points. Consumer Reports evaluated recently released 15- to 16-inch
A seismic change is accelerating in the global smartphone market as Huawei of China has overtaken Apple to become the world’s second largest smartphone producer.Samsung Electronics maintained its position as the number one player by selling 78 million cellphones in the first quarter. Apple suffered
Fiat Chrysler Automobiles (FCA), Google, and Harman International Industries of Samsung Electronics are planning to launch their connected car platform in the second half of this year. The platform will be applied to every FCA car by 2022.The platform incorporates Harman Ignite, which is Harman’s au
Samsung Electronics’ smartphone business saw its operating profit increase to the 2 trillion won (US$1.71 billion) range thanks to the popularity of the Galaxy S10 series.Samsung Electronics officially announced on April 30 that its IT & Mobile Communications Division, which is in charge of the smar
Samsung Electronics Co. has yielded the top spot in terms of semiconductor operating profit to Intel due to a sluggish memory chip market.Samsung Electronics announced on April 30 that it posted 52.39 trillion won (US$44.89 billion) in sales and 6.23 trillion won (US$5.34 billion) in operating profi