Samsung chief Lee to buy W1.94tr stake from his mother

Samsung Electronics Chairman Lee Jae-yong plans to buy 7.19 million shares in the chipmaker from his mother, Hong Ra-hee, in a 1.94 trillion won ($1.45 billion) off-market transaction that will increase his direct stake in the company. According to a Samsung Electronics regulatory filing Wednesday, Lee is scheduled to acquire 7,188,793 common shares from Hong, honorary director of the Leeum Museum of Art, on Oct. 12. The planned price is 269,500 won per share, based on Samsung Electronics' Sept.

2026-09-09 19:51:15:00

Morning lows to fall to 11 C Thursday as temperature gap widens

Morning temperatures across South Korea will fall as low as 11 degrees Celsius Thursday, and inland areas could see day-night temperature gaps of up to 15 degrees, the Korea Meteorological Administration said Wednesday. Morning lows are forecast at 11 C to 20 C, with daytime highs ranging from 22 C to 29 C. Seoul is expected to see a low of 16 C and a high of 26 C. Morning lows are forecast at 12 C in Chuncheon, 15 C in Gangneung and Daejeon, 16 C in Daegu, 18 C in Gwangju and 20 C in Busan. Day

2026-09-09 18:51:55:00

Korea must give global capital reasons to stay: Herald CEO

Herald Media Group CEO Choi Jin-young said South Korea should focus not only on attracting foreign investment but also on creating the conditions needed for global capital to stay in the market. Choi made the remarks in his opening address at The Korea Herald’s 2026 HIT Forum, held Tuesday at the Korea Chamber of Commerce and Industry in central Seoul. This year’s forum was held under the theme “Korea Premium: Connecting Korean Opportunities with Global Capital.” Choi said Korea’s capital market

2026-09-09 14:22:32:00

KRX chief says easier access key to attracting global capital

Korea Exchange Chairman Jeong Eun-bo said the KRX will push ahead with longer trading hours and a shorter stock settlement cycle as part of efforts to improve foreign investor access and strengthen the global competitiveness of South Korea’s capital market. Speaking at The Korea Herald’s 2026 HIT Forum in Seoul on Tuesday, Jeong said the exchange is preparing to introduce a 24-hour trading framework in phases and a shift to T+1 settlement, under which stock trades are settled one business day af

2026-09-09 14:22:18:00

Samsung poised to benefit from memory crunch: report

Samsung Electronics is expected to fare better than most smartphone makers as rising memory prices squeeze the global handset market, while its semiconductor business continues to benefit from the same supply shortage, according to a report from Mizuho Securities. The Japanese brokerage forecast global smartphone shipments at 1.15 billion units in 2026, down 9 percent from a year earlier. It expects Samsung shipments to remain broadly flat at 240 million units. Major Chinese vendors are projecte

2026-09-08 16:16:23:00

Dyson takes Korea-tested service model global

Dyson is taking customer-service practices tested in South Korea into a broader global support model that extends beyond its existing three-day repair and loan promise to include connected-device diagnostics, artificial intelligence-assisted troubleshooting and preventive maintenance. The British technology company outlined the expanded program at its Dyson Unveiled event in Berlin on Thursday. Dyson is bringing together services it had already begun rolling out earlier this year under its “Neve

2026-09-07 15:29:00:00

Dyson bets on AI vision with Nurovi robots, oral-care debut

Dyson is extending artificial intelligence, vision systems and sensor-based automation across its appliance portfolio, introducing a new robot cleaner family alongside its first oral-care device and updated air-treatment and beauty products. At its Dyson Unveiled event in Berlin on Thursday, Chief Engineer Jake Dyson said the company is shifting its focus from mechanical performance alone toward products that can interpret and respond to data about their surroundings. “Now Dyson is moving beyond

2026-09-04 14:39:27:00

SK hynix-LG chip design talks end without deal: reports

LG Electronics’ reported talks to take on part of SK hynix’s next-generation enterprise SSD controller design have ended after the memory maker decided to do the work in-house, according to local media reports. The two companies held several meetings in July and August over outsourcing part of the controller’s physical backend design to LG Electronics, the reports said, citing semiconductor industry sources. The work involves turning a chip’s circuit design into the detailed physical layout need

2026-09-04 14:38:58:00

Why SK hynix’s ‘Made in USA’ HBM starts in Korea

“The Indiana fab will become a gateway to deliver the first ‘Made in USA’ HBM products,” SK hynix CEO Kwak Noh-jung said at the groundbreaking ceremony on Aug. 26. Those products, however, will begin in South Korea. SK hynix will make the DRAM wafers at its Korean fabs, ship them across the Pacific and then stack, package and test them in West Lafayette, Indiana. The $4 billion-plus facility, the company's first HBM production base in the US, is due to begin mass production in the second half of

2026-09-03 14:26:56:00

Samsung, LG take AI home race beyond appliances at IFA 2026

Samsung Electronics and LG Electronics are using IFA 2026 in Berlin to show how they want AI to work across the home, not just inside individual appliances. Samsung opened its main IFA exhibition Wednesday at Humboldt Carre in central Berlin, ahead of the trade show's Friday opening at Messe Berlin. The company is presenting "AI Living" across TVs, home appliances and Galaxy devices. Samsung first introduced the broader "Your Companion to AI Living" theme at CES in January. At IFA, it is bringin

2026-09-02 13:54:43:00