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Reporter : Kim Bo-eun
Sun, December 3, 2023 | 02:38
Amid Xiaomi rise, Samsung banking on foldable phones
Samsung Electronics has made a major shift in its smartphone business strategy by focusing more on foldable phones, as it seeks to maintain a competitive edge over rapidly-rising Chinese vendors. In less than a decade, Chinese smartphone makers have achieved competitiveness with a diverse lineup of models offered at lower prices. This has had Samsung increasing its focus on p...
Samsung asked to keep Intel at bay with investments
Despite Samsung's historic rise to become the world's largest semiconductor company, bypassing Intel in terms of revenue in the second quarter of this year, Samsung Electronics has “no time” to remain complacent over its latest achievement, according to officials, Monday.
One Store positioned to benefit from Google Play Store situation
Developments are ongoing at the National Assembly to pass a bill that will ban Google from requiring media content app developers on Play Store to pay a 30 percent fee for using its payment system. The bill intends on protecting local app developers from being forced to pay a hefty fee by the monopolizing app market operator.
Self-made Kakao founder becomes Korea's richest person
The self-made founder of Kakao has become the country's richest person, backed by stock gains this year, according to the Bloomberg Billionaires Index. Bloomberg reported that Kakao Chairman Kim Beom-su, 55, has a net worth of $13.4 billion (15.4 trillion won), which places him at the top of Korea's wealth rankings. Following him is Samsung Electronics Vice Chairman Lee Jae-y...
Samsung Electronics mulls major acquisitions in coming years
Samsung Electronics indicated Thursday that it will push for large-scale acquisitions in the coming years, in a ...
LG Display zeroing in on P-OLEDs
LG's display affiliate said Wednesday that it is reviewing expanding its plastic organic light-emitting diode (P-OLED) display panel production facilities, as it is increasingly focusing on its P-OLED business. "We are currently looking into expanding our P-OLED facilities," LG Display's Senior Vice President and CFO Suh Dong-hee said in a conference call that unveiled the co...
SK hynix expects China to approve $9 bil. Intel NAND biz acquisition
SK hynix said Tuesday it expects to get the greenlight from Chinese authorities for its suggested multi-billion dollar acquisition within the latter half of this year.
Brokerages downplaying KakaoBank's value
Local securities firms continue to issue views that internet-only KakaoBank's initial public offering (IPO) price is overvalued.
Samsung keeps Olympics marketing subtle
Samsung is taking part in the Tokyo Olympics as an official sponsor, but is keeping marketing low-key, as the spectator-less Summer Games kick off amid the COVID-19 pandemic. Ongoing tension between Seoul and Tokyo is also playing a role.
Hyundai Motor Group slammed for inconsistent environmental standards
Hyundai Motor Group has come under fire for its inconsistent environmental standards in its lines of business, with its crown jewel carmaker transitioning to electric vehicles on one hand, while its construction affiliate is building a coal-fired power plant in Vietnam. Hyundai Engineering & Construction (E&C) landed a contract in June to build Quang Trach 1, a 1,200-megawatt...