Samsung SDS targets global reach with Cello Square

Samsung SDS announced Thursday the company’s plan to upgrade Cello Square, its digital forwarding platform offering one-stop freight shipping solutions, and tap deeper into the global market, through further digitalization. The IT solution provider affiliated with Samsung Group also explained that it has added new service functions to Cello Square -- data analysis, automation and a carbon emission tracker -- to make it more convenient for clients. “Cello Square will lead Samsung SDS&

May 18, 2023

[Photo News] Market sentiment

SK Group Chairman Chey Tae-won, who doubles as chairman of the Korea Chamber of Commerce and Industry, talks with “global supporters” for Busan’s bid to host the 2030 World Expo at a traditional market in central Seoul on Wednesday. A total of 120 young people, including 50 foreign nationals, are serving as supporters for Busan’s Expo bid as they carry out promotional activities throughout the world.

May 18, 2023

International lupus congress calls for greater social awareness, new drugs

New drugs and greater social awareness would help bring about an end to the "war" against lupus, a chronic autoimmune disease, according to lupus specialists speaking at a press conference Wednesday held at Coex, southern Seoul, ahead of Lupus & KCR 2023. The 15th International Congress on Systemic Lupus Erythematosus and The 43rd Korean College of Rheumatology Annual Scientific Meeting & 17th International Symposium are being held concurrently at Coex from Wednesday through Sa

May 17, 2023

Huawei seeks shared growth with Asian partners in digital economy

SHENZHEN, China -- Chinese tech giant Huawei Technologies said Wednesday that it's looking to continue exploring opportunities for joint growth and shared success with its Asia-Pacific business partners in the digital economy. The Huawei Asia Pacific Partners Conference 2023, hosted by Huawei APAC, kicked off at the Shangri-La Hotel in Shenzhen -- an emerging tech city in China’s Guangdong province and the home of the Chinese IT company. Under the theme of “Grow Together, Win Fu

May 17, 2023

Science minister touts Nuri launch as No. 1 achievement

South Korea’s Minister of Science and ICT Lee Jong-ho touted the successful launch of the nation’s homegrown Rocket Nuri last year as one of his top achievements, marking the one-year anniversary of his inauguration. “I was under huge pressure before the second launch of Nuri that took place in June (last year),” said Lee during a press conference in Sejong on Wednesday. “It was a weight off my shoulders to have given hope to our people during the darkest days of th

May 17, 2023

LG Display could turn profit with Samsung OLED deal: report

LG Display, which has been suffering operating losses in recent months, could turn a profit next year if it starts supplying OLED panels to Samsung Electronics as early as this quarter, an analyst report said Wednesday. “LG Display is expected to supply 77-inch, 83-inch OLED panels to Samsung Electronics from the second half of this year, and add 55-inch and 65-inch panels to the deal,” Kim Dong-won, an analyst at KB Investment and Securities, said in the report. “The deal woul

May 17, 2023

[Photo News] Display of the Year

Samsung Display said Wednesday its quantum-dot OLED or QD-OLED has been named Display of the Year by the Society for Information Display, one of the industry’s top honors. QD-OLED is a hybrid technology that improves the brightness and color of OLED panels by using self-emitting quantum dots as the light source.

May 17, 2023

Kishida to meet tech CEOs in renewed chip push

Japanese Prime Minister Fumio Kishida has invited the heads of global chipmakers, including Samsung Electronics, to meet, in an apparent move to boost his nation’s chip industry, according to Japan’s Yomiuri Shimbun newspaper on Wednesday. The media outlet said a total of seven companies -- Samsung, TSMC, Intel, IBM, Micron, Applied Materials and Interuniversity Microelectronics Center -- will join the rare meeting to be held at Kishida’s official residence in Tokyo on Thursday

May 17, 2023

LG Chem plans 6-fold growth in battery materials sales

LG Chem CEO Shin Hak-cheol said Tuesday that the company will expand its sales of battery materials to 30 trillion won ($22.4 billion) by 2030, a sixfold increase from 4.7 trillion won in 2022. Shin added the company also aims to make its annual sales from three growth drivers -- battery materials, sustainability businesses and pharmaceuticals -- to reach 40 trillion won by 2030, which will make up 57 percent of the company’s total annual sales. LG Chem’s mid-term growth plan was unv

May 16, 2023

Major firms’ profits nearly halved in chip downturn

Major companies in South Korea witnessed their operating profit nearly halve on-year in the first quarter this year, as the country’s key semiconductor industry struggles from its worst downturn, a corporate tracker said Tuesday. According to corporate data research institute CEO Score, the combined operating profits of 309 of the top 500 Korean companies by sales marked 25.8 trillion won ($19.3 billion) in the January-March period this year – a plunge by 48.8 percent from 50.5 trill

May 16, 2023

SK hynix's NAND unit Solidigm names new CEOs

Solidigm, an SK hynix subsidiary and NAND flash memory solutions provider, appointed a data center expert along with a mergers and acquisitions strategist as its new co-chief executive officers, the company said Tuesday. The two new CEOs are David Dixon, senior vice president and general manager of Solidigm's data center group, and Noh Jong-won, chief business officer of Solidigm and a president of SK hynix. The company said it selected the two people based on their "proven leadership&

May 16, 2023

Samsung eyes chip facility in Japan amid thaw in Seoul-Tokyo relations

Samsung Electronics, the world’s top chipmaker by revenue, is reportedly considering building an additional research and development facility in Japan amid a thaw in Seoul-Tokyo relations. Japanese media outlet Nikkei reported on Sunday that the Korean chipmaker will build a chip development facility estimated to cost some 30 billion yen ($220 million) in Yokohama, where it already has Samsung R&D Institution Japan. There, Samsung will build a prototype chip production line with the fa

May 15, 2023

Samsung, Tesla chiefs meet in Silicon Valley

Samsung Electronics Chairman Lee Jae-yong met with Tesla CEO Elon Musk at the Korean tech giant’s chip complex in Silicon Valley on Wednesday to discuss ways to strengthen cooperation in future tech industries, according to industry sources on Sunday. During the meeting, sources said the two business leaders agreed to continue exchanges for next-generation technology development, especially on chips for fully autonomous vehicles. It was the first time the heads of the world’s largest

May 14, 2023

SpaceX's Starlink gets approval for Korean business

The Ministry of Science and ICT has completed the registration of Starlink Korea, a local subsidiary of US space company SpaceX, as a common telecommunications business. According to the ministry on Friday, the government decided to grant the license to the US company after it reviewed its financial and technical capabilities, and plans to protect users, as part of the registration requirements under the Telecommunications Business Act. SpaceX filed for business registration with the ministry in

May 14, 2023

[Beyond Earth] KAI poised to repeat success with satellite exports

The consecutive successes of South Korea’s Nuri rocket and Danuri lunar orbiter opened a new space era for the country’s space road map last year. The Korean government and President Yoon Suk Yeol set out ambitious goals of landing on the moon in 2032 and on Mars in 2045, signaling the beginning of the space economy. Korea Aerospace Industries, which has played an essential role in the country’s recent space milestones, is now aiming to expand its space businesses with a focus

May 14, 2023

Kepco chief offers to resign amid deficit woes

Korea Electric Power Corp. President and CEO Cheong Seung-il offered to resign Friday, as the state-operated power utility firm announced a 25 trillion won ($18.7 billion) self-rescue measure to overcome swelling deficit. Cheong's resignation came after Kepco announced its self-rehabilitation plan, which includes selling off of property assets and wage freeze to improve financial stability. The CEO was appointed to the post in June 2021, and was set to serve for another year in his term. &q

May 12, 2023

Google takes aim at Samsung with first foldable phone

US tech giant Google unveiled its first foldable smartphone, the Pixel Fold, at its annual I/O developer conference in California Wednesday, aiming to challenge the dominance of Samsung Electronics in the global market. While Chinese smartphone makers such as Huawei, Oppo, Vivo and Xiaomi have followed Samsung’s footsteps in launching foldable smartphones, Google has become the first major tech firm in the US to make an entry into the growing foldable market. The Pixel Fold is set for a Ju

May 11, 2023

OLED rivalry of Samsung, BOE expands into patent war

As display panel makers of South Korea and China are vying to win greater global market share, the rivalry appears to be expanding into a patent war. Chinese top display panel manufacturer BOE Technology and two of its subsidiaries recently filed six lawsuits against Samsung Display and its five Chinese entities concerning patent infringement at Chongqing No. 1 Intermediate People’s Court in southwestern China, according to the court. The Beijing-based firm also took two legal proceedings

May 11, 2023

[Photo News] Reinventing LG brand

LG Electronics’ promotional videos, featuring the company’s refurbished “Life’s Good” slogan, are displayed on billboards in the bustling Hongdae district in western Seoul on Tuesday. The tech giant is starting a two-month campaign to promote its renewed brand identity across 17 key areas in the city.

May 10, 2023

[Photo News] LX Hausys' Europe push

LX Hausys’ exhibition booth is set up at the Interzum 2023, the world’s largest gathering of the building materials industry that kicked off in Cologne, Germany, Tuesday. In its renewed push for expansion in Europe, the company plans to showcase some 70 types of eco-friendly and high-performance furniture films during the four-day trade show.

May 10, 2023