EOFlow Co., a Korean pharmaceutical company specializing in wearable drug delivery solutions, announced on Dec. 28 that its wholly owned U.S. subsidiary, EOFlow Inc. has signed an agreement to establish a joint venture in the U.S. with the U.K. biotech firm Zihipp Limited, a spin-off from Imperial C
Samsung Electronics announced on Dec. 27 that it has built smart homes in Eco Delta City, a national pilot smart city in Busan.Promoted by Korea Water Resources Corp., Eco Delta City is a smart city with 30,000 households on a site of 11.8 square meters in Gangseo-gu, Busan.Samsung Electronics suppl
Samsung Electronics and Apple are preparing to launch tablet PCs that are much bigger than current models. The move is intended to expand table PC ecosystems by targeting a market segment for products with large screens.Samsung Electronics is preparing to launch the Galaxy Tab S8 Ultra with a 14.6-i
SK Bioscience announced on Dec. 21 that it has started a project to develop a general-purpose vaccine that can respond to both the COVID-19 virus and its variants such as Omicron and Delta. To this end, it will receive US$50 million in initial R&D expenses from the Coalition for Epidemic Preparednes
The following is an editorial by Han Jong-hee, vice chairman, CEO and head of DX (Device eXperience) Division, Samsung Electronics. -- Ed. With CES 2022 just two short weeks away, and as I embark on a new role here at Samsung, I am greatly honored to be hosting our pre-show keynote, held under the t
IBM and Samsung Electronics have unveiled a new semiconductor design -- a vertical transport field effect transistor (VTFET) that utilizes a vertical transistor architecture.The new semiconductor design has the potential to reduce energy usage by 85 percent compared to a scaled fin field-effect tran
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. With LG-LX equity swaps between major shareholders (the last step in separating LG-LX affiliates) now completed, LG Corp should be freed from undervaluation woes stemming from overhang concerns
SK Group chairman Chey Tae-won met with Conni Jonsson, chairman of Swedish investment company EQT Partners AB, which is affiliated with the Wallenberg Family, on Dec. 3 and discussed ways to cooperate with each other.The Wallenberg Family is considered one of the world’s best business groups in the
LS Mtron chairman Koo Ja-eun has been elected as the new LS Group chairman.Incumbent LS Group chairman Koo Ja-yeol will pass over the group’s control to his cousin and LS Mtron chairman Koo Ja-eun from next year. This follows a cousin-to-cousin control transfer principle established by the group’s f
The Korea Fair Trade Commission announced on Nov. 16 that the ratio of internal transactions is higher in unlisted subsidiaries than in listed subsidiaries of major business groups and higher in owner-led groups than in ownerless groups. It also said that the ratio tends to be proportional to the ow
Despite a severe global semiconductor shortage, global eco-friendly car sales were strong this year. In the electric car sales standings, Hyundai Motor Co. came in sixth, while Tesla remained in the top spot.From January to September 2021, 2.92 million electric vehicles were sold worldwide, up 153 p
The Consumer Technology Association announced CES Innovation Award winners in 27 sections on Nov. 10. The full list will be announced on Jan. 3 before CES 2022 scheduled for Jan. 5 to 8.Samsung Electronics won a total of 43 awards, consisting of 21 in video display, 11 in mobile, seven in consumer e
AIA Korea announced on Nov. 3 that it has won the Seoul Mayor’s Award at the 2021 Seoul Social Welfare Contest. AIA Korea received the award as a result of the sincere and steadfast support given by its employee volunteer club Nanumi (“sharing people” in Korean) through a variety of corporate social
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. Backed by an accelerating digital transformation, the mid/long-term growth potential of Samsung SDS’s strategic IT service business continues to stand out. Moving ahead, we expect further non-c
The author is an analyst of NH Investment & Securities. He can be reached at dongyang.kim@nhqv.com. -- Ed. Samsung C&T’s bio, trading and fashion divisions are showing brisk earnings momentum. The firm is moving forward to strengthen its business portfolio. Benefits stemming from a governance issue
Samsung Electronics held the Samsung Developer Conference 2021 online on Oct. 26 (U.S. local time). The Korean tech giant announced that it will strengthen platforms such as Bixby (artificial intelligence platform), SmartThings (the internet of things), and Knox (security platform) to improve connec
Hyundai Motor Group announced on Oct. 27 that its IONIQ 5 has won a 2022 German Car of the Year (GCOTY) award in the “New Energy” category. As a class winner, the automaker’s full-electric midsize CUV will automatically take part in the final round of the GCOTY. IONIQ 5 will compete against the winn
Sweden's Wallenberg family is promoting equity investment in SK Group’s ADT Caps through EQT Partners, Sweden's largest private equity fund operator established by the Swedish business empire.ADT Caps, a subsidiary of SK Telecom, is seeking a pre-IPO worth 300 billion won. EQT Partners has t
The Samsung Group founder family, including Hong Ra-hee, wife of the late group chairman Lee Kun-hee, will sell about two trillion won worth of shares in Samsung affiliates to pay inheritance tax on the property left by the late chairman.Hong signed a disposal trust contract with KB Kookmin Bank on
Hanwha Life Insurance has forged a partnership with the Women Empowerment, Child Protection and Population Control Agency of Jakarta, Indonesia. The agreement was joined by World Vision and the Life Insurance Social Contribution Committee of Korea.On hand at the signing ceremony held at the agency b