Samsung Electronics has incorporated its next-generation mobile application processor (AP), the Exynos 2400, into the latest premium smartphone, the Galaxy S24 series.On Jan. 17, Samsung Electronics hosted Galaxy Unpacked 2024 at the SAP Center in San Jose, California, in the U.S., where they unveil
HD Korea Shipbuilding & Offshore Engineering (KSOE) and Samsung Heavy Industries announced on Jan. 18 that they have won two orders for very large ammonia carriers (VLACs) side by side. As demand for ammonia, an eco-friendly energy, is rising, more shipping companies are preparing to transport it by
Samsung Electronics’ Device Solutions (DS) Division executives have decided to freeze their salaries in response to the division’s deteriorating performance.The executives of the Samsung Electronics DS Division held an emergency executive meeting on Jan. 17 to reaffirm their commitment to swiftly en
Apple has overtaken Samsung Electronics in global smartphone shipments. While Samsung Electronics had previously led in shipments with its mid-range Galaxy A series, the increasing preference for premium smartphones last year led to Apple surpassing Samsung. This marks the first time Samsung has los
Samsung Electronics announced on Jan. 16 that its 2024 The Frame has become the first display to receive an ArtfulColor Validation certification from Pantone, recognizing its outstanding color reproduction and differentiated picture quality.Pantone, the global color company, awards an Artful Color V
A well-known Chinese automotive manufacturer is currently under investigation by South Korean law enforcement agencies for allegedly establishing a subsidiary in South Korea and illicitly acquiring domestic battery technologies from Samsung SDI and SK on, formerly SK innovation.According to industry
Samsung Electronics and SK hynix will build the world’s largest and best semiconductor mega cluster in the southern part of Gyeonggi Province with a total investment of 622 trillion won. The Korean government will support this project by creating infrastructure and an investment environment, strengt
Samsung SDI has acquired a stake in a Canadian nickel mine developer to strengthen its supply chain for key minerals for battery materials.According to an announcement from Canada Nickel on Jan. 15, Samsung SDI has signed an agreement to acquire a stake in Canada Nickel worth US$18.5 million. Samsun
Samsung Heavy Industries and Hanwha Ocean are expected to wrap up shipbuilding contracts in March. QatarEnergy has expanded the size of its second phase LNG carrier ordering project.QatarEnergy, Qatar’s state-run energy company, has increased the number of reserved slots at Samsung Heavy Industries,
Samsung Electronics announced on Jan. 14 that its AI companion Ballie, which made a big splash at CES 2024, will now be equipped with the Samsung Tizen OS.Originally deployed in TVs and monitors, Samsung’s Tizen OS has recently expanded to include home appliances and now next-generation AI devices.
It has been reported that China, which has implemented export controls on graphite, a key material for battery cathodes, since December of last year, has granted permission for the export of graphite to major battery companies in South Korea. However, there remains the possibility of further tighten
As the maturity date for equity-linked securities (ELS) linked to Hong Kong’s Hang Seng China Enterprises Index (HSCEI) worth 10 trillion won (US$7.6 billion) approaches in the first half of the year, it has been revealed that a confirmed loss of 100 billion won has been incurred since the beginning
Due to a slowdown in global demand for electric vehicles, leading to an “oversupply,” the prices of battery materials have significantly fallen. Companies in this sector are noticeably tense. According to Taiwan’s market research firm TrendForce on Jan. 14, in December last year, the prices of lithi
Samsung Electronics’ first artificial intelligence (AI) smartphone, the Galaxy S24 series, is set to be unveiled on Jan. 18.According to industry sources on Jan. 14, Samsung Electronics will reveal the Galaxy S24 series at its first half of the year product launch event, Galaxy Unpacked 2024, schedu
The heads of the four major Korean conglomerates are expected not to participate in this year’s Davos Forum.Samsung Electronics Chairman Lee Jae-yong, SK Group Chairman Chey Tae-won, Hyundai Motor Group Chairman Chung Eui-sun, and LG Group Chairman Koo Kwang-mo will not attend the 2024 Davos Forum,
A research study revealed that the total market capitalization of all listed companies in South Korea has increased by nearly 500 trillion won over the past year. The top two companies in terms of market cap growth were Samsung Electronics and SK hynix, with the combined market cap of these two comp
In the global electric vehicle (EV) market, the market share of South Korean battery manufacturers has fallen below 50%. China’s CATL, previously dominant only in the domestic market, is now matching LG Energy Solution in the global market outside China, enhancing its presence significantly.Accordin
Samsung C&T announced on Jan. 11 that it has completed the Merdeka 118 building in the heart of Kuala Lumpur, Malaysia, which stands at a height of 679 meters. The building was officially opened on Jan. 10.With this achievement, Samsung C&T has now completed both the world’s tallest building, the Bu
A bill to amend the Petroleum and Petroleum Alternative Fuel Business Act passed the National Assembly’s plenary session on Sept. 9, paving the way for refiners to produce sustainable aviation fuel (SAF).SAF is an aviation fuel derived from renewable biomass or carbon dioxide. It has the same compos
Google, in partnership with LG Electronics, is broadening the connectivity between smartphones, PCs, TVs, and other devices.On Jan. 9, during the Consumer Electronics Show (CES) 2024 at the Las Vegas Convention Center, Google unveiled plans to expand the ecosystem of its Android operating system. It