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Reporter : Baek Byung-yeul
Thu, March 23, 2023 | 09:43
Samsung, SK avoid worst-case scenario as US 'guardrails' are less stringent than feared
Samsung Electronics and SK hynix have avoided the worst-case outcome from the U.S. CHIPS Act - which embodies Washington's attempt to limit Beijing's chip technology development - because details of the regulation did not specify the banning of increases in output through technological upgrades at their chip factories in China, industry officials said Wednesday.
Politics | 2023-03-22 17:02
Spain's Smart City Expo to feature Korea's smart cities
Korea's advanced smart city technologies will be showcased at the upcoming Smart City Expo World Congress, an exhibition specialized in presenting the latest technologies and trends of smart cities, an urban system that uses information and communication technology (ICT) to improve operational efficiency, a director of the organizer said Wednesday. “We are honored and excited...
Companies | 2023-03-22 16:53
Proxy adviser opposes reappointment of HL Group chairman as director
Chung Mong-won, chairman of HL Group, has hit an obstacle because a proxy advisor here is opposed to an attempt by the construction and auto parts conglomerate to appoint him as director of the group's affiliates, explaining that there could be a conflict of interest concerning the possibility of internal transactions, according to the proxy adviser Monday.
Companies | 2023-03-20 17:02
OTT service providers negatively impacted by illegal streaming website
Netflix, Wavve, Tving, Coupang Play and other over-the-top (OTT) video streaming platforms are suffering due to the illegal streaming site, Noonoo TV, as their respective paid content can be easily viewed for free with just a few clicks, presenting a big obstacle to the country's growing media industry, according to industry officials Monday.
Companies | 2023-03-20 16:55
Business leaders from Korea, Japan meet to bolster bilateral ties
The business communities of Korea and Japan agreed to strengthen bilateral economic cooperation a day after President Yoon Suk Yeol and Japanese Prime Minister Fumio Kishida held a summit, Thursday, they said during their meeting in Tokyo, Friday. On the occasion of President Yoon's two-day visit to Japan, business leaders from major companies of the two countries and busines...
Companies | 2023-03-17 16:58
POSCO to relocate headquarters to Pohang
POSCO Holdings will relocate its headquarters from Seoul to Pohang, North Gyeongsang Province. Shareholders of the steel and battery material maker approved the move on Friday. POSCO Group was largely criticized by Pohang residents for its decision to set up its headquarters in Seoul in January 2022 when it established POSCO Holdings. Pohang is the birthplace of POSCO, where ...
Companies | 2023-03-17 16:28
Samsung Biologics seeks to expand partnerships in New York
Samsung Biologics will take part in 2023 DCAT Week, a global event in the bio and pharmaceutical industry, which will take place in New York from March 20 to 23, in a bid to seek more partnerships, the company said Thursday. Hosted by the Drug, Chemical & Associated Technologies Association (DCAT), DCAT Week has been a representative networking event in the pharmaceutical ind...
Bio | 2023-03-16 16:05
Samsung Display launches service to identify its OLED screens on phones
Samsung Display launched a service that helps users to find out whether their smartphones are equipped with the company's organic light-emitting display (OLED) screens. Called OLED Finder, the service is part of the display maker's efforts to confirm that consumers are using its products, the company said on Thursday.
Tech | 2023-03-16 15:53
Samsung vows to turn crisis into opportunity by focusing on innovation
The vice chairman of Samsung Electronics promised investors, Wednesday, that the tech giant will try to turn the crisis caused by the global ...
Companies | 2023-03-15 16:14
LG Innotek CEO receives Gold Tower Industrial Service Merit
Jeong Cheol-dong, president and CEO of LG Innotek, won the Gold Tower Order of Industrial Service Merit given by the government to those who made significant contributions to the development of the country's economy, according to the company, Wednesday. The Gold Tower Order of Industrial Service Merit is the highest among the five orders and is given to leaders of companies t...
Companies | 2023-03-15 15:58
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