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Samsung to invest W450tr in next 5 years for new facilities, R&D in Korea
Samsung Electronics said Sunday it will invest 450 trillion won ($309.2 billion) in the next five years to build new manufacturing plants in South Korea for its key affiliates. The announcement came after Samsung Electronics Chairman Lee Jae-yong met with South Korean President Lee Jae Myung along with chiefs of other conglomerates to discuss the recent tariff agreement with the US and their companies' domestic investment. Samsung said part of the 450 trillion won investment will be spent on fac
Nov. 16, 2025 -
Lee pledges regulatory overhaul to remove barriers for businesses
South Korean President Lee Jae Myung vowed to remove regulatory barriers to support business activities during a Sunday meeting with heads of the country’s top conglomerates, held to discuss follow-up measures to the recently closed tariff deal with the US. Underscoring their joint efforts in successfully concluding the tariff negotiation, Lee also expressed appreciation for the dedication of corporate leaders. “I will do my best to minimize the barriers for companies to do business. It is the r
Nov. 16, 2025 -
SK Chemicals zeroes in on recycling, next-level copolyester
SK Chemicals is doubling down on recycling and advancing its copolyester technology, as the Korean green chemical firm seeks to maintain and expand its lead in the global market. “We collect polyester waste, break down polyester from such waste into raw materials and polymerize them. In other words, advancing our chemical recycling business is the most important next step for us,” said Kim Eung-soo, head of SK Chemicals’ Green Materials Business, in an interview with The Korea Herald at the comp
Nov. 16, 2025 -
Samsung forms M&A unit, raising anticipation for Lee’s next moves
As Samsung Electronics formally establishes a mergers and acquisitions team within its newly launched Business Support Office, anticipation is building over the tech giant and its chaebol chief charting a fresh management strategy heading into the new year. Earlier this month, Samsung upgraded its Business Support Task Force into a permanent organization, and, just a week later, added its first-ever team devoted solely to M&A. With the shift coming after Samsung Electronics Chairman Lee Jae-yong
Nov. 16, 2025 -
Samsung ups ante in OLEDoS race against Japan
As the extended reality (XR) industry accelerates globally, competition is heating up among South Korea, Japan and China over next-generation display technologies -- particularly OLED-on-Silicon (OLEDoS) panels, a key component for ultra-high-resolution headsets. Japan currently dominates the OLEDoS market, with Sony leading the global supply. However, China is rapidly scaling up production through aggressive state-backed investments. Now, Korea's Samsung Display is making a major move, beginnin
Nov. 14, 2025 -
LG Chem wins 3.76 tln-won EV cathode material supply deal from US
LG Chem Ltd., South Korea's leading chemical company, said Thursday it has won a major electric vehicle battery cathode material supply deal from the United States. The contract is valued at 3.76 trillion won ($2.57 billion) and covers the period from Saturday through July 31, 2029, the company said in a regulatory filing. It did not disclose the buyer, citing confidentiality. The contract marks one of the largest such deals for the company despite a temporary slowdown in global EV demand. LG Ch
Nov. 13, 2025 -
LG, Mercedes-Benz chiefs agree to bolster collaboration on next-gen auto parts
Top executives of LG Group's key affiliates met with Mercedes-Benz CEO Ola Kallenius in Seoul on Thursday, agreeing to expand collaboration in EV components and software-defined vehicle (SDV) technologies, and build on LG's combined battery, display and automotive electronics capabilities. LG Electronics said Kallenius held talks with LG Electronics CEO Cho Joo-wan, LG Display CEO Jeong Cheol-dong, LG Energy Solution CEO Kim Dong-myung and LG Innotek CEO Moon Hyuk-soo at the group’s Twin Tower i
Nov. 13, 2025 -
HBM4 bets propel Samsung on new bullish run
With Samsung Electronics shares now trading above 100,000 won ($68), investors are questioning whether the tech behemoth can sustain its upward trajectory to hit the 150,000 won level that several brokerages now predict, citing accelerating demand for the high-bandwidth memory chips critical for artificial intelligence. Local brokerages rushed to lift targets after Samsung posted stronger-than-expected third-quarter earnings on Oct. 30 and AI giant Nvidia unveiled plans to provide GPUs to Samsun
Nov. 13, 2025 -
LG Uplus unveils ixi-O AI call assistant powered by Google
LG Uplus, one of Korea’s three major telecommunications companies, introduced on Thursday its upgraded real-time AI call assistant, ixi-O, powered by Google Cloud’s latest large language model. The launch marks a new phase in the evolution of personalized voice-based AI services. “The ixi-O AI assistant integrates Google's cutting-edge LLM, Gemini 2.5 Flash Live,” said Lee Jae-won, executive vice president of consumer company at LG Uplus, during a press briefing held in Seoul. “It is the first t
Nov. 13, 2025 -
Samsung to release trifold smartphone next month
Samsung Electronics Co. will release its new trifold smartphone next month, industry sources said Wednesday, with its price tag expected to be around 4 million won ($2,720). According to the sources, the Korean tech giant will hold a launch ceremony for the trifold smartphone on Dec. 5 and begin domestic sales. The new model is designed to fold twice in three sections, offering a tablet-sized 10-inch display when fully unfolded while maintaining the portability of a standard smartphone when clos
Nov. 12, 2025 -
ASML opens major Korea base to deepen ties with Samsung, SK hynix
Dutch manufacturer of chip equipment ASML on Wednesday opened a new office complex in South Korea, expanding its research and development efforts and operations in the country as it seeks closer cooperation with Samsung Electronics and SK hynix in advanced chipmaking. Traveling to Korea, ASML CEO Christophe Fouquet attended the opening ceremony of the company's new Hwaseong campus in Gyeonggi Province and met Samsung Electronics Vice Chair Jun Young-hyun, according to industry officials. Fouquet
Nov. 12, 2025 -
LG Energy Solution to develop space-bound battery
LG Energy Solution is expanding its battery product portfolio into outer space in partnership with South 8 Technologies, an American startup, the Korean battery-maker said Wednesday. According to LG Energy Solution, the two sides signed a strategic partnership for the research and development of aerospace-bound battery cells. South 8 Technologies is the world’s first company to have developed a liquefied gas electrolyte for lithium-ion batteries, which was named one of the world's top 200 invent
Nov. 12, 2025 -
KT rolls out secure public cloud with Microsoft
KT Corp. on Wednesday announced the launch of its public cloud service, developed in partnership with Microsoft, in a strategic bid to bolster its foothold in Korea’s fast-growing multi-cloud and managed service provider markets. Built on Microsoft’s Azure infrastructure, KT’s new sovereign cloud platform promises high-performance computing while addressing growing concerns over data sovereignty — a critical issue for Korean enterprises handling sensitive information. The service will initially
Nov. 12, 2025 -
Korea delays Google mapping decision again
South Korea has again delayed a decision on whether to approve Google's request to export high-precision map data outside the country, saying the company failed to submit key documents required for review. The National Geographic Information Institute under the Ministry of Land, Infrastructure and Transport said Tuesday that a government review committee deferred the deliberation until Feb. 5, giving Google an additional 60 days to supplement its application. Google applied in February to export
Nov. 11, 2025 -
Samsung Epis launches new biotech subsidiary Epis NexLab
Samsung Epis Holdings announced Tuesday that it has established a new subsidiary, Epis NexLab, to seek new growth engines by developing biotechnology platforms. The launch of Epis NexLab, whose name combines the words "Next" and "Laboratory," came with the completion of the recent spinoff of Samsung Epis Holdings from contract manufacturing and development organization giant Samsung Biologics. Samsung Epis Holdings said the new entity will focus on developing biotech platforms in various sectors
Nov. 11, 2025