Samsung Electronics Co. will soon come up with a system memory investment plan worth over 30 trillion won (US$26.28 billion).The government has decided to focus on promoting the non-memory, biotech and future car sectors and it is planning to announce its plan at Samsung’s Hwaseong campus at the end
Samsung Electronics has postponed its press briefings on the Galaxy Fold smartphone, which were scheduled for April 23 in Hong Kong and April 24 in Shanghai, due to its defects recently found in the United States.Wall Street Journal columnist Joanna Stern recently posted a YouTube video mocking the
Korean securities firms’ overseas subsidiaries saw their profits in 2018 increase 2.5 times from the previous year, the Financial Supervisory Service (FSS) said on April 21.By region, China was the only country where Korean securities firms suffered a loss. The reasons included the intensified trade
Even though the U.S.-China trade negotiations are entering the endgame, the United States does not show any sign of easing pressure on China in the semiconductor sector. This time, Qualcomm of the United States has decided to shut down its joint venture with a Chinese company at the end of this mont
South Korea’s tax burden, the ratio of national taxes and local taxes relative to its gross domestic product (GDP), soared to an all-time high in 2018 due to the highest increase in 18 years. The nation’s total tax revenues surged with a rise in corporate taxes and capital gains taxes.South Korea co
Korean biosimilars are penetrating deep into the European market. Sales of multinational pharmaceutical companies' original drugs fell sharply because of these biosimilars.According to the pharmaceutical industry on April 18, multinational pharmaceutical company Roche reported that European sale
Some units of Samsung Electronics’ Galaxy Fold, which were distributed for reviews before the U.S. launch on April 26, showed abnormal functions such as its display being turned off or flickering after one or two days’ use."Some units of Samsung Electronics's US$1,980 Galaxy Fold showed display
Samsung Electronics Co. and Harman International Industries Inc. are speeding up the creation of synergy.Samsung Electronics announced on April 18 that Harman has recently signed an agreement with Germany’s BMW and China’s Great Wall Motor (GWM) to supply next-generation infotainment modules. Harman
SK Hynix Inc., the world’s second-largest memory chipmaker, has completed the expansion of its dynamic random-access memory (DRAM) manufacturing plant in Wuxi, China.SK Hynix held a completion ceremony for C2F, an expansion of its existing C2 DRAM fabrication line in Wuxi, Jiangsu Province of China,
Samsung Display announced on April 17 that its 7.3-inch 1536×2152 foldable OLED display for the Galaxy Fold received the “Eye Comfort” certification from TUV Rheinland, a technology evaluation organization of Germany.The foldable OLED for the Galaxy Fold lowered the portion of harmful blue light in
Intel has discussed technical cooperation on new high-performance external graphics card “Xe” with Samsung Electronics. Industry watchers speculate that Samsung Electronics' next-generation DRAM, DDR5, may be loaded into this product.Raja Koduri, senior vice president of the Graphics Processing
South Korea’s auto industry is shrinking, with production, domestic consumption and exports all on a steady decline amid global economic slowdown, intensifying competition and labor strikes.Domestic automobile production and demand declined by 0.8 percent and 0.3 percent in the first quarter of this
Dominique Signora, CEO of Renault Samsung Motors Corp., said on April 16 that Renault Group will continue to invest in the South Korean market and contract out production of new models to Renault Samsung.Signora made the remarks during his meeting with Oh Keo-don, mayor of Busan Metropolitan City.Fo
Nokia has begun to deliver its 5G communications equipment to SK Telecom, KT and LG U+ this month, three months behind schedule. The three mobile carriers have received 1,000 to 4,000 units of the equipment so far whereas some have received 30,000 to 40,000 units from Samsung Electronics during the
A Dutch news outlet reported on April 16 (local time) that Samsung Electronics was responsible for the 2015 software theft from ASML, the world’s largest chip machinery manufacturer based in the Netherlands.According to LetsGoDigital, a Dutch online news site specializing in information technology,
Samsung Electronics Co. launched the Galaxy A2 Core smartphone in India last weekend to capture the low-end smartphone market and lowered the price to 5,300 rupees (US$76 or 87,000 won). The company already announced a full set of seven A-series phones this year, seeking to expand its share of the l
High-ranking officials at the Ministry of Economy and Finance recently met with top executives at Samsung, Hyundai Motor, SK and LG Groups to discuss investment and employment issues.At the meeting, both sides shared their opinions on the current state of the South Korean economy. Those in the busin
Samsung Electronics announced on April 16 that it has succeeded in developing a 5-nanometer (nm) process that can enhance logic density and performance of processors compared with the current 7-nm process.The company also announced that it would start within this month mass production of chips using
After the launch of 5G services earlier this month, KT customers voiced complaints about 4G services on many internet websites. They claimed that KT’s LTE speed has dropped sharply since the launch of 5G services.Such complaints began to arise following the launch of 5G services. Netizens all pointe
Samsung Electronics and Taiwanese foundry maker TSMC are intensifying competition to take the lead in development of ultra-microprocessing technologies.Taiwan's TSMC, the No. 1 player in the global foundry market, has recently completed a system semiconductor design platform for its 5-nanometer