Articles by Song Su-hyun
Song Su-hyun
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Philips Foundation donates vehicles for disabled in Korea
Philips Foundation and Philips Korea have provided four special compact cars equipped with wheelchair lifts in collaboration with the Korea Association of Welfare Institutions for Persons with Disabilities, the multinational group said Friday. Philips Korea held a donation ceremony at Kyonam House of Hope, a welfare facility for the disabled located in Gangseo district, Seoul, on Nov. 12. Kim Dong-hee, country leader of Philips Korea and Jung Seok-wang, chairman of the Korea Association of W
Technology Nov. 19, 2021
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[Photo News] Samsung meets Moderna
Samsung Electronics Vice Chairman Lee Jae-yong poses with Noubar Afeyan, co-founder of Moderna, at the headquarters of Flagship Pioneering, a biopharmaceutical investment firm invested by Afeyan in Cambridge, Massachusetts, Tuesday. Lee discussed cooperation measures for the COVID-19 vaccine with the Moderna co-founder, as Samsung Biologics is currently bottling Moderna’s vaccine at its plant in Songdo, Incheon, Samsung said.
Technology Nov. 18, 2021
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Hanwha Solutions invests $160m in US low-carbon polysilicon firm
Hanwha Solutions said Thursday that the company has invested $160 million in securing low-carbon photovoltaic materials amid a growing demand for renewable energy in the United States. The energy affiliate of South Korean conglomerate Hanwha Group said it agreed to purchase a 16.67 percent stake in REC Silicon for $160 million. The investment will make the Hanwha company a co-leading shareholder of the polysilicon manufacturer along with Aker Horizons, a Norway-headquartered investment fir
Technology Nov. 18, 2021
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Naver taps 40-year-old female exec as new CEO
Naver, the No.1 portal operator and internet firm in South Korea, announced Wednesday it has nominated Choi Soo-yeon as new chief executive officer. Choi, born in 1981, would mark the youngest leader of the company so far. The appointment of Choi is interpreted as the tech firm’s intention to overhaul its corporate culture and accelerate business growth in the global market. A Seoul National University graduate with an engineering degree, Choi joined Naver as an entry-level employee
Technology Nov. 17, 2021
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Samsung’s pick for 2nd foundry fab in US seems imminent
With Lee Jae-yong, the de facto leader of Samsung Electronics, currently in the US, industry observers expect the company to decide on the final location for its second foundry plant in the US, according to news reports Wednesday. Some US media based in Texas reported Tuesday that the South Korean chipmaker appeared to have narrowed down its list of candidate sites for the new foundry fab believed to be worth $17 billion. It was found that Samsung has withdrawn its application filed in Ja
Technology Nov. 17, 2021
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[Herald Interview] CrucialTec taps EV market with eco-friendly painting tech
CrucialTec, once famed for its optical trackpad for BlackBerry, is venturing into the sizzling electric vehicle market, with a no-contact painting technology. Called the “Vacuum Steam Solution (VSS)” transfer technology, the Pangyo-based firm’s new expertise is about painting the surface of electric devices like smartphone cases, home appliances, as well as the interior and exterior materials of automobiles. By applying heat and pressure to ink-coated films in a manner that
Technology Nov. 16, 2021
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Lee Jae-yong’s 2014 meeting with Goldman Sachs exec draws attention
A 2014 meeting between Samsung Electronics Vice Chairman Lee Jae-yong and Gene Sykes of Goldman Sachs is drawing attention, sources said Friday, in connection with Lee’s alleged plans to inherit his father’s leadership role at Samsung. During a court hearing on Thursday, an email written by Sykes, then-head of mergers and acquisitions at Goldman Sachs, was disclosed by Samsung’s lawyers as evidence for the defense. They say it counters prosecutors’ claims that Lee discus
Technology Nov. 12, 2021
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Coupang kicks off massive sales for China’s Singles Day
South Korean e-commerce giant Coupang has launched a three-day “Singles Day Mega Sale” to celebrate China’s annual shopping bonanza. The massive sales, from Nov. 10 to 12, was inspired by the Chinese version of US’ Black Friday. During the event, Coupang plans to woo Chinese customers with daily special offers using its “Rocket Jikgu” overseas delivery service. The firm will hand out coupons for an additional 10,000 won off purchases of 60,000 won or more.
Consumer Nov. 11, 2021
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Samsung, SK withhold sensitive client info from US data submission
Samsung Electronics and SK hynix on Tuesday confirmed their submission of chip supply chain data to the US Commerce Department, but stressed no sensitive client data was included. “(Samsung) submitted its response today, in accordance with the guideline of the Department of Commerce,” the world’s largest producer of memory chips said in a statement. “Due to contractual obligations and after consultation with the department, no information on customers was disclosed. SK
Technology Nov. 9, 2021
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S. Korean minister to discuss cooperation on chips with US
South Korea’s Industry and Trade Minister Moon Sung-wook will discuss measures to strengthen the country’s cooperation with the United States on ongoing supply chain issues, at a time when the US is asking chipmakers to reveal their trade secrets. Minister Moon is scheduled to depart for Washington, DC, on Tuesday, to meet with his US counterpart, Commerce Secretary Gina Raimondo, the government said Monday. The list of agenda items includes issues like supply chains, reduction
Technology Nov. 8, 2021
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SK hynix acquires Key Foundry for W575.8bn
SK hynix said Friday the chipmaker inked a deal to acquire a 100 percent stake in domestic foundry firm Key Foundry for 575.8 billion won ($492.55 million). Key Foundry, based in Cheongju, North Chungcheong Province, is a foundry-specialized firm producing chips for its customers using 8-inch wafers. It can produce non-memory products such as power management ICs, display driver ICs and microcontroller units. Key Foundry was formerly LG Semiconductor, which was established in 1979.&n
Technology Oct. 29, 2021
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LG Electronics hits record high Q3 sales, 49.6% decline in operating profit
LG Electronics hit a new high in quarterly sales in the third quarter, owing to the continued consumption in the consumer electronics sector under the pandemic, the company announced Thursday. The tech giant, the largest home appliance provider in South Korea, posted 18.78 trillion won ($16.1 billion) in sales, the highest-ever in the firm’s history. Compared to the same quarter last year, sales soared 22 percent. But the Q3 operating profit stood at 540.7 billion won, a 49.6 perce
Technology Oct. 28, 2021
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Samsung breaks W70tr in Q3 sales first time
Despite the shortages of parts worldwide under the pandemic, South Korea’s No.1 conglomerate Samsung Electronics logged its largest-ever quarterly earnings in the third quarter of 2021, owing mainly to robust sales of chips and foldable smartphones. According to the earnings announced on Thursday, the tech giant posted 73.98 trillion won ($63.15 billion) in sales and 15.82 trillion won in operating profit during the July-September period. It is the first time that the world’s big
Technology Oct. 28, 2021
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Samsung’s Lee plays role in early supply of Moderna vaccine
Samsung Electronics Vice Chairman Lee Jae-yong was behind Moderna’s decision to supply the first batch of COVID-19 vaccines manufactured here to the Korean government, industry sources claimed Wednesday. The Ministry of Health and Welfare announced Tuesday it had authorized the domestic supply of 2.4 million doses to be finished at Samsung Biologics’ factory in Songdo, Incheon, from next month. The biopharmaceutical affiliate of Samsung has a deal with the US vaccine firm to &ldqu
Technology Oct. 27, 2021
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[KH Biz Forum] Forum maps out path forward for Korea post-pandemic
South Korean business representatives, policymakers and government officials gathered at the fourth Korea Herald Biz Forum on Tuesday to share insights on new trends of industries in the post-COVID-19 era. Under the theme “Shape of the Future: Trends to Rule Industries as World Rebounds from Pandemic,” this year’s forum was held at The Shilla Seoul and was livestreamed due to the COVID-19 pandemic. Among the speakers of the event were Lee Jeong-dong, professor of technolo
Industry Oct. 26, 2021
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