SK Telecom, the flagship affiliate of SK Group, will turn itself into an intermediate holding company of the group this year to become a general ICT company like SoftBank in Japan.Park Jung-ho, president of SK Telecom, pledged to finalize the company’s conversion into an intermediate holding company
Samsung Electronics, which recorded an earnings shock in the fourth quarter of last year, is likely to lose its number one position in the global semiconductor industry to its biggest rival, Intel.Industry analysts estimate Samsung’s semiconductor sales in the fourth quarter of 2018 at below 20 tril
Global Companies in different business sectors are forging alliances to get a piece of the action in the future car market.LG Electronics announced on Jan. 9 that it signed an agreement with Microsoft to jointly develop software for artificial intelligence (AI)-based autonomous navigation software i
As Samsung Electronics's earnings shock shows that the memory semiconductor business has shifted into a downturn, semiconductor industry experts forecast that Chinese memory makers will slow down their aggressive investment drive. Some expect that China's memory mass-production will be postp
Samsung Electronics will take the wraps off the 2019 edition of the Family Hub refrigerator at CES 2019 that will run in Las Vegas for four days from Jan. 8 (local time).The product is the home electronics industry’s first refrigerator incorporating the Internet of Things (IoT) and artificial intell
SK Telecom is pushing for a full-scale foray into the next-generation broadcasting solution market in the United States.The Korean mobile operator announced on Jan. 7 (local time) that it has signed an agreement with Sinclair Broadcasting Group, the largest terrestrial broadcaster in the United Stat
SK Innovation is reportedly reconsidering acquiring a stake in Australian Mines (AM) which produces electric vehicle battery materials as global cobalt prices have sharply dropped.Petrochemical industry watchers say that SK Innovation is unlikely to exercise its option to purchase 19.9 percent of
Huawei of China is keeping a low profile at Consumer Electronics Show (CES) 2019, the world's largest consumer electronics exhibition. In the past events, the Chinese telecom equipment giant delivered keynote speeches as a symbol of the rise of the Chinese IT industry. This year it will not deli
The South Korean government is set to lanuch the nation's first power-to-gas (P2G) project, which converts electricity produced by solar power or wind power into hydrogen or methane gas. It is planning to invest 49 billion won (US$44 million) over the next five years to develop core technologies
Korean petrochemical companies have competitively made a large investment in new ethylene production facilities in the past few years. As these new plants will start commercial production in from this year, concern is growing that there could be a supply glut. However, some analysts say that the com
Hanjin Heavy Industries & Construction Co., a midsized shipyard in South Korea, announced on Jan. 8 that its affiliate in Subic of the Philippines has filed for a rehabilitation program with a Philippine court due to a prolonged business slump.The Philippine court will decide within 120 days whether
Yuhan Co. announced on Jan. 7 that it has licensed out a new nonalcoholic steatohepatitis (NASH) drug candidate to Gilead Sciences, a global pharmaceutical company known for its product Tamiflu, for US$785 million.Yuhan will receive a down payment of US$15 million (16.7 billion won) from Gilead. Yuh
The global display industry has moved into the era of micro light-emitting diode (LED) panels which can overcome the limitations of existing liquid crystal display (LCD) panels and indefinitely extend the panel size. Micro LED technology can freely widen screen sizes as it produces a screen by dense
A shortage in helium supply has been bringing difficulties to various industries, including the semiconductor, medical device, and so-called “root” industries."Even if you are willing to pay twice the normal price, you will have difficulty buying helium," said an official of the Korea High Pressure
The National Pension Service (NPS), the largest institutional investor in South Korea, will actively exercise a stewardship code to engage in management of Hanjin KAL Corp. and Korean Air Lines Co. This will be the first time for the NPS to exercise the stewardship code after it adopted it in July l
The South Korean gaming industry faces deepening challenges. Chinese games have already outpaced South Korean games in terms of technical skill and quality. To top it off, the owner of nation’s largest gaming company Nexon Co. has put his entire stake for sale.Gaming industry sources said on Jan. 6
Hanwha Land Systems, a defense industry affiliate of Hanwha Group, has absorbed its subsidiary Hanwha Defense and changed its name to Hanhwa Defense.In October last year, Hanwha Group decided to merge Hanwha Land Systems and its subsidiary Hanwha Defense to create a bigger company.Hanwha Land System
The key to success for the new over-the-top (OTT) platform to be created by SK Telecom and Korea’s three terrestrial TV broadcasters is securing influential partners, industry analysts say.SK Telecom and the three TV broadcasters -- KBS, MBC and SBS -- have agreed to integrate their OTT services “Ok
Competition between Samsung Electronics and Huawei of China in the telecom equipment market is expected to be rekindled in the second half this year as telecom companies will begin to establish 5G standalone (SA) networks for migration from the initial non-standalone (NSA) networks.According to tele
Samsung Electronics is stepping up efforts to strengthen its non-memory semiconductor business. The company is seeking to strengthen the profit structure of the non-memory business by raising its competitiveness to the level of its world-leading semiconductor business.The Korean tech giant is accele