search close
Reporter : Kim Yoo-chul
Sun, November 27, 2022 | 13:23
Samsung asks US to give more tax credits for chip investment
A senior Samsung Electronics executive has asked the Biden administration to offer more tax incentives in order to move forward with its planned massive semiconductor investments in the United States. In a Korea Society program titled, “The US-Korea Global Partnership: Supply Chain and Semiconductors,” Samsung's Kim Won-kyong, who oversees both the company's global public aff...
LG takes steps toward cutting battery costs, enhancing features
During a recent battery event organized by Tesla, CEO Elon Musk said that he was aiming to set a $25,000 price target for electric vehicles (EVs) by 2023. This target is being considered quite ambitious as today's least expensive EV model is about $38,000.
[ANALYSIS] Heavy cost-cutting to hurt Samsung's competitiveness
Samsung Electronics has been trying to cut smartphone production costs in order to boost output volume and stay ahead of its rivals.
Kakao Pay confirms IPO has been delayed
Kakao Pay has decided to delay its initial public offering (IPO), an investment banking source said Thursday. The move comes after Kakao and its affiliates lost over $15 billion in market capitalization this month alone as its stock price tanked due to the government's crackdown on the country's top messaging service operator.
[ANALYSIS] Korea's crackdown on Kakao hitting Coupang, Baemin
After Kakao's decision to revamp its web-like business structures due to the findings of the country's top anti-trust regulator, local platform operators are “considering correcting” some “bad habits” to stay afloat amid growing worries among investors.
LG bets on smart factory initiatives
LG Uplus is pushing forward with “smart factory” initiatives, as the LG telecom affiliate aims to boost the sales of its smart factory-oriented business significantly over the next five years.
SK-Ford join hands to build battery plant in Europe
SK Innovation (SKI), the country's leading battery producer, is considering building its second overseas battery plant in Europe in collaboration with U.S. carmaker Ford, according to industry sources, Thursday.
Samsung close to finalizing mega US investment plan
Samsung Electronics denied reports Monday that the city of Taylor in Williamson County, the U.S. states of Texas, has been decided on as the location for its new foundry semiconductor plant.
[ANALYSIS] Antitrust wall emerges 'fear factor' in deal-making
Despite the justice ministry's decision to release Samsung leader Lee Jae-yong from prison with expectations for his help in addressing shortages of semiconductors and vaccines, the company is facing some difficulties along the road in terms of pushing major deals due to anti-competition concerns in the geo-political landscape.
LG Chem to establish biofuel joint venture
LG Chem, the country's top chemical company, said Thursday it has agreed with a local biodiesel company to establish a joint venture in South Korea.
Copyright