Samsung Electronics Executive Chairman Lee Jae-yong on Thursday arrived in Beijing to attend a high-profile corporate summit this weekend, according to industry sources Friday. It is the first time in three years for the de facto leader of Samsung Group to visit China, where the tech giant operates major production facilities. Lee is scheduled to attend the three-day China Development Forum set...

Samsung Electronics and Aramco, Saudi Arabia’s state-run oil and gas company, have signed a memorandum of understanding for a strategic partnership to accelerate the industrial adoption of 5G network technology in the largest Middle Eastern country by area. Under the agreement, the two companies will promote the digital transformation of Saudi Arabia’s industrial sectors by adopting LTE and 5G hi...

Samsung Electronics Executive Chairman Lee Jae-yong is currently in China to attend the China Development Forum, according to sources Friday. Lee arrived in Beijing on Thursday to attend the high-profile annual forum, slated to run at the Diaoyutai State Guesthouse from Saturday till Monday. The meeting will run under the theme of "Economic Recovery: Opportunities and Cooperation," focusing on ...

...percent, and the S&P 500 inched up 0.3 percent. In Seoul, most big-cap shares opened mixed amid global market uncertainty stemming from the Fed's future path of interest rates. Market bellwether Samsung Electronics climbed 0.64 percent, and chip giant SK hynix gained 1.69 percent. Leading battery maker LG Energy Solution declined 1.22 percent, and Samsung SDI went down 2.41 percent. LG Chem also inched d...

...ties. The country has an active robotics research scene in companies and universities creating experiments in a wide range of applications. Over the past couple of years, corporate giants, such as Samsung Electronics, LG Electronics, and Hyundai Motor Group have made a big push to become global players in robotics. But why South Korea? What are the conditions that have helped it develop such a strong robot...

...year to curb inflation, and US Treasury Secretary Janet Yellen said her government is not considering "blanket insurance" for all US bank deposits. In Seoul, big-cap tech shares gathered ground. Samsung Electronics surged 1.96 percent to 62,300 won, and chip giant SK hynix spiked 1.84 percent to 88,500 won. Leading battery maker LG Energy Solution added 0.35 percent to 575,000 won, and Samsung SDI jumped...

...can be used as an augmented reality display that can be seen without wearing AR glasses, by projecting AR images directly onto the real objects. PRAZEN is a company founded by optics experts from Samsung Electronics. They established PRAZEN after successfully finishing the "C Lab" project, Sa msung's internal spin-off program. PRAZEN secur es world-class projection optical technology composed with its ...

...itors. There are no limitations on the duration of lawyer's visits, or the number of times they can occur. However, the number of lawyer's visits Jeong has had is much higher than in the cases of Samsung Electronics President Lee Jae-yong (1.24 times a day) in 2018, former President Park Geun-hye’s aide Choi Seo-won (0.82), also known as Choi Soon-sil, in 2018 and former President Lee Myung-bak (0.6) in 20...

...ation between high-tech manufacturing companies in Korea, such as semiconductors, and Japanese materials, parts and equipment companies. “For Japanese companies that supply parts and equipment to Samsung Electronics and SK hynix, the advantages of geographical proximity in terms of technology and production process improvements will be great,” Lee said. The two nations will jointly respond to the weaponiz...

South Korea's largest conglomerate, Samsung Group, on Wednesday marked the 85th anniversary of its founding in a low-key manner. It is the first year that the big day has been celebrated following de facto leader Lee Jae-yong’s promotion to executive chairman of Samsung Electronics. Industry sources and Samsung officials said the group commemorated this year’s anniversary without organizing any ...

...bsidy and have production facilities in China, "loosening" the restriction by allowing the limited expansion of production capacity in China. Home to two of the world's largest memory chipmakers, Samsung Electronics and SK hynix, Korea's chip industry is somewhat relieved that the guardrail statute “slightly opens up the windpipe” for Korean chipmakers. But it says more room is needed and calls the governm...

...jumped 1.58 percent. Investors now await the results of the Federal Reserve's two-day rate-setting meeting set to end Wednesday. In Seoul, most big-cap shares gathered ground. Market bellwether Samsung Electronics rose 0.5 percent, and chip giant SK hynix increased 0.6 percent. Leading battery maker LG Energy Solution jumped 2.01 percent, and Samsung SDI advanced 0.7 percent. LG Chem surged 2.36 percent...

...gued that such tax credits favor chaebol, South Korea’s biggest industrial conglomerates such as Samsung and SK. Then the party recently made a U-turn to accept the government bill. It is said to hav...mittee on Wednesday and the Assembly plenary session on March 30. It will also give momentum to Samsung Electronics’ recently unveiled plan to invest 300 trillion won ($230 billion) into a massive ch...

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...this time," said Noh Dong-kil, an analyst at Shinhan Investment & Securities Co. "The Fed's possible cautious approach will help boost investor sentiment." In Seoul, top-cap shares traded mixed. Samsung Electronics inched up 0.17 percent to 60,300 won, while chip giant SK hynix lost 0.12 percent to 83,600 won. Leading battery maker LG Energy Solution added 0.37 percent to 546,000 won, and Samsung SDI gre...