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Fri, December 9, 2022 | 18:09
Samsung chief meets Moderna, Verizon heads in US
Samsung Vice Chairman Lee Jae-yong held talks with Moderna Chairman Noubar Afeyan and Verizon Wireless CEO Hans Vestberg, in a bid to expand their business partnerships amid hyper competition in the biotech and telecom markets.
EU set to block HHI's $2 bil. acquisition of DSME
Despite Hyundai Heavy Industries' (HHI) submission of a number of solutions to address concerns over fair competition among large vessel builders, the European Union has reached a consensus to block its proposed acquisition of Daewoo Shipbuilding & Marine Engineering (DSME), two sources involved with the matter said Tuesday.
Samsung chief visits US after complying with Washington request
Samsung Electronics chief Lee Jae-yong flew to the U.S. shortly after partially complying with a data request by the U.S. Department of Commerce to help ease the global semiconductor shortage. Lee will also visit Samsung's research center in Canada, but spend most of his time in the United States.
Samsung launches 1st global chip ETF
Samsung Asset Management in Hong Kong has officially launched the “Samsung Bloomberg Global Semiconductor ETF,” Tuesday. The product launches came amid expectation that Bae Jae-kyu, its deputy chief executive who is also in charge of the company's ETF business, may be ousted from his position during this year's planned annual reshuffle of its senior executives. Samsung Asset'...
CJ remains upbeat over approval for Batavia acquisition
A few days after CJ Group - a mid-tier conglomerate in Korea focused on food and beverages - said it plans to invest up to 10 trillion won until 2023, its entertainment affiliate said it is about to enter the highly-lucrative biopharma CDMO business.
Hyundai Motor considers producing GV70 EV in US
Hyundai Motor is considering manufacturing its automated GV70 electric vehicle (EV) model at its plant in the United States from as early as next year, sources and officials said Monday.
Samsung, US set to compromise on provision of chip data
Samsung Electronics and the U.S. government are looking to compromise on the latter's demand for the tech giant to hand over classified “semiconductor data” ahead of a Nov. 8 deadline. On Friday, government and Samsung sources said the company backed by the National Intelligence Service, and finance and trade ministries, was holding “last-minute” behind-the-scenes discussions...
Apple Korea chief offers to resign
The chief of Apple Korea is said to have offered to resign from the post, a few months after the country passed a bill banning Apple from requiring developers to use its in-app purchasing systems.
SsangYong Motor agrees to sale to Edison Motors
SsangYong Motor signed a contract with Edison Motors to let the electric bus maker acquire a 100-percent stake.
'Keep your heads up, LGES has client trust': CEO
The newly appointed CEO of LG Energy Solution (LGES), a global top-tier manufacturer of electric vehicle (EV) batteries, admitted that the company is facing difficulties because of a battery replacement campaign that led to a recall of about 150,000 of General Motors' Chevrolet Bolt EVs.
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