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Reporter : Kim Yoo-chul
Sun, January 29, 2023 | 11:17
Korea backs Samsung, SK over US moves for defense law
South Korea is on track to defend the best interests of the country's top two chipmakers - Samsung Electronics and SK hynix - as Korea's top trade negotiator officially stated his “grave concerns” regarding the Biden administration's move to apply the Defense Production Act (DPA).
Samsung eyeing expanded business ties with AMD, Intel
Samsung Electro-Mechanics, a Samsung Group affiliate specializing in the manufacture of electronic and electrical components, is pushing to expand its collaborations with top-tier tech companies as global chip shortages are expected to continue well into next year.
NongHyup's donation campaign on Jeju Island
NongHyup Financial Group Chairman Son Byung-hwan, second from left, poses after holding a corporate social responsibility program for welfare centers on Jeju Island, Friday. Under the program, NongHyup delivered 1,500 packages of agricultural products for islanders in need. Courtesy of NongHyup Financial Group
[ANALYSIS] Inflation concerns to push Bank of Korea to remain hawkish next year
The central bank continues to signal a benchmark rate hike as the latest developments in economic growth and inflation are forcing the Bank of Korea (BOK) to take pre-emptive steps.
DL's $1.6 billion acquisition boosts stock price
The share price of DL jumped 7.92 percent at Tuesday's close with investors hailing its affiliate's decision to acquire a U.S. company to expand its presence in the booming specialty chemical business sector.
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.