Articles by Jo He-rim
Jo He-rim
herim@heraldcorp.com-
LG Electronics achieves record earnings in Q2
LG Electronics said Thursday it achieved its all-time high quarterly earnings in the April-June period this year, largely buoyed by the solid growth of its home appliance and vehicle component businesses. Sales increased 8.5 percent on-year to 21.7 trillion won ($15.7 billion) in the second quarter of this year, while operating profits soared 61.2 percent to 1.2 trillion won during the same period. The company attributed the upbeat earnings to the "balanced" management of its core busi
Industry July 25, 2024
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SK hynix Q2 earnings soar to record high on AI chip boom
SK hynix, the world’s second-largest memory chip maker by revenue, said Thursday it logged all-time-high sales of 16.4 trillion won ($11.8 billion) in the April-June period this year, riding on the robust demand for artificial intelligence chips. Reporting the second quarter's earnings, the company said it will supply the cutting-edge 12-layer HBM3E chips to customers before the end of the year, keeping its dominance in the burgeoning AI chip market. The operating profit posted 5.46 trilli
Industry July 25, 2024
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[Business Diplomacy] Korea becomes popular destination for US governors
South Korea seems to have been a popular destination for US state governors. This year alone, four governors leading the US industrial heartlands of the Midwest and the South visited Korea to meet with corporate partners and attract new investors. “We're very excited about the relationship that we have built with Korea and Korean companies and we want it to grow,” Kentucky Gov. Andy Beshear said upon his first visit to Korea in July. “If there are ways that we can improve
Industry July 24, 2024
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Founder's arrest leaves Kakao's future in doubt
Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, has been plunged into crisis, as its founder and top decision-maker Kim Beom-su was arrested on Tuesday on charges of stock price rigging linked to last year's takeover of K-pop powerhouse SM Entertainment. With a leadership vacuum and a dent to its reputation, concerns are rising over the impact of the disruption on the tech giant’s drive for corporate restructuring and growth in burgeoning technologies i
Industry July 23, 2024
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Samsung Electro-Mechanics to supply advanced substrates for AMD processors
Samsung Electro-Mechanics, the electronic parts manufacturing affiliate of Samsung Electronics, announced Monday that it would supply high-performance substrates for hyper-scale data centers to AMD, the US chip design firm. According to the company, the flip chip ball grid array (FCBGA) substrate offers larger surface areas and higher layer counts for dense interconnections, which means better operational efficiency and lower energy consumption. The product will be produced at the company’
Industry July 22, 2024
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Is Samsung on track for large-scale M&A deals?
Samsung Electronics is seen ramping up its merger and acquisition efforts to secure a stronger footing in the rising technology sectors, including artificial intelligence. The South Korean tech giant, leading in mobile devices and semiconductors, announced Thursday its acquisition of Oxford Semantic Technologies, a UK-based startup specializing in knowledge graph technology. It is the first time the company makes such an investment via Samsung Research, its research and development hub. The deal
Industry July 21, 2024
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10 Korean companies on recovery from Microsoft IT outage
Following the mass global tech outage linked to Microsoft that disrupted critical public services and grounded planes, 10 companies affected in Korea have restored their operations or are on their way to recovery, said industry officials on Sunday. A faulty update from cybersecurity company CrowdStrike was released worldwide to Microsoft's Windows operating systems on Friday, resulting in “blue screen of death” crashes and systems being knocked offline in airports, hospitals and
Industry July 21, 2024
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[인터뷰] ‘방한’ 美켄터키 주지사 “SK온 통큰 투자 감사…중력처럼 추가 투자 이끌 것”
[코리아헤럴드=조혜림 기자] SK온이 미국 켄터키에 투자한 세계 최대 전기차 배터리 생산공장 양산을 앞두고 앤디 버시어 미국 켄터키 주지사가 방한해 국내 기업들을 상대로 추가 투자 유치에 대한 기대감을 내비쳤다. 그는 15일 코리아헤럴드와의 인터뷰에서 SK온의 58억 달러 투자에 대해 "주 역사상 최대 규모"라며 "관련 협력사들을 중력처럼 끌어들일 것"으로 기대를 내비쳤다. SK온은 포드와 함께 2022년 전기차 배터리 생산 합작 법인인 블루오벌SK를 공식 출범시켰다. 이후 58억 달러를 투자해 총 628만 제곱미터 (190만평) 부지에 켄터키 1·2공장을 짓는다. 두 공장은 미국 단일 부지 내 최대인 80GWh 이상의 생산 규모를 자랑한다. 버시어 주지사는 SK의 대규모 투자 이후 한국 기업들의 켄터키 이전에 대한 관심이 크게 증가했다고 말했다. 그는 "현재 SK와 포드가 어떤 협력사들이 필요한지와 공장에서 얼마나 가까운 위
한국어판 July 16, 2024
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[Herald Interview] SK’s investment in Kentucky to attract more investors like ‘gravity’: Gov.
SK On’s new battery plant in Kentucky – the world’s largest of its kind – will help attract more investments into the US state like “gravity,” Gov. Andy Beshear told The Korea Herald in an interview held in Seoul on Monday. SK On, the battery-making unit of SK Group, has set up a joint venture with US auto giant Ford, called BlueOval SK, in the southeastern state of the US, with a whopping $5.8 billion investment. “SK On’s project is the largest in
Industry July 16, 2024
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Samsung invests in US DNA-sequencing biotech Element Biosciences
Samsung Electronics took part in a $277 million Series D investment for Element Bioscience, a US-based DNA analysis equipment company, to expand its footing in the medical device market, the company said Friday. Element Biosciences, established in 2017 in San Diego, is a life science company that developed the disruptive DNA sequencing and multi-omics technology that boasts the industry's "top level" accuracy for research markets, Samsung said. According to the bioscience firm, th
Industry July 12, 2024
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LGE, Qualcomm chiefs meet to discuss AI partnership
LG Electronics Chief Executive Officer Cho Joo-wan met with Qualcomm CEO Cristiano Amon on Wednesday to discuss their ongoing collaboration on advanced technology, including on-device artificial intelligence and automotive electronics, according to industry sources. On the second day of his trip to Seoul, Amon met with Cho at the LG Electronics headquarters in Yeouido, Seoul. The two companies have been building a firm partnership over the past years, especially in the fields of audio products a
Industry July 11, 2024
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Texas governor vows full support for Samsung’s expansion in US
Texas Gov. Greg Abbott on Tuesday reiterated his full support for Samsung Electronics to secure a bigger footing in the US, upon his visit to the chip giant’s semiconductor manufacturing plant in Korea. Abbott visited Samsung’s semiconductor campus -- the world's largest semiconductor production facility -- in Pyeongtaek, Gyeonggi Province, as part of his Asian trip that includes South Korea, Taiwan and Japan. He arrived in Korea on Monday. The governor inspected the P1 line, gu
Industry July 10, 2024
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Samsung wins first order for cutting-edge 2 nm turnkey chip solution
Samsung Electronics announced Tuesday it has bagged the first order for its new turnkey semiconductor solutions using the cutting-edge 2-nanometer foundry process from a leading artificial intelligence company in Japan. Holding the Samsung Foundry Forum and Samsung Advanced Foundry Ecosystem Forum in Seoul, the chip giant also unveiled its foundry strategy for its advanced Gate-All Around transistor architecture to support the local logic chip industry, as well as the latest AI solutions. Having
Industry July 9, 2024
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Samsung, SK bet big on glass substrates for AI chips
South Korea's top two conglomerates Samsung Electronics and SK Group are speeding up efforts to secure an early edge in glass substrates, a "game-changer" in chipmaking that could drastically boost the data capacity and speed of semiconductors in the era of artificial intelligence. Their leaders recently visited their respective business sites producing glass substrates, renewing their commitment to the burgeoning area that is highly likely to overcome the limits of conventional p
Industry July 8, 2024
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SK chief inspects chip materials, biopharma affiliates in US
SK Group Chairman Chey Tae-won inspected US business operations of chip materials and biopharma affiliates, the group's top decision-making body SK Supex Council said Sunday. Currently, Chey is staying in the US to oversee the group's business operations and meet with business partners. Since the trip started on June 22, he has met with CEOs of global tech giants, including Open AI, Microsoft, Amazon and Intel. Moving to the East Coast over the past weekend, Chey visited the headquarte
Industry July 7, 2024
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