Will the Korean tech giant fully embrace unionists?
Midway through last year, Samsung Electronics Vice Chairman Lee Jae-yong promised to scrap the conglomerate’s decades-old “no trade union” policy.
However, union members contended of late that Samsung Electronics had not abided by...
Korean battery maker benefits from U.S. EV maker’s listing
U.S. electric carmaker Rivian Automotive went public earlier this month to attract investors _ the start-up’s market valuation is now bigger than those of General Motors and Ford.
And its IPO has...
Samsung chief takes flight to US to make investment
Samsung Electronics Vice Chairman Lee Jae-yong took a flight to North America on Nov. 14, his first overseas trip after he was released on parole midway through this year.
The Samsung tycoon...
LG Electronics racks up outstanding turnover in Q3
Samsung Electronics announced this week that its third-quarter sales amounted to 73.98 trillion won ($63 billion), up 10 percent from a year before.
The tech giant’s operating profit stood at 15.82 trillion won...
Mass production of advanced memory chips begins
South Korea's Samsung Electronics announced on Oct. 12 that the company has begun churning out 14-nanometer (nm) five-layer memory chips based on extreme ultraviolet (EUV) technology.
The Seoul-based company, which shipped EUV DRAM in...
Samsung strives to copy & paste brain on memory chips
Samsung Electronics, the world’s leading manufacturer of memory chips, strives to remain ahead of the pack by reverse-engineering the brain in its research and development.
The Seoul-based company said this week...
Taiwan's TSMC may have to sweat
South Korea’s largest conglomerate Samsung Group announced this week that it will invest 240 trillion won ($205 billion) over the next three years in such areas as semiconductors and AI.
The investment plan was disclosed...
Vice Chairman Lee Jae-yong faces another setback
Things couldn’t be worse for Samsung Electronics Vice Chairman Lee Jae-yong as the Samsung Group chief has to stand a formal trial over his alleged usage of propofol.
A Seoul court said on July...
Drone will deliver smartphones to Irish customers
Samsung Electronics has launched a drone delivery service in Ireland at a time when a mounting number of customers prefer an end-to-end contact-less experience amid the virus pandemic.
The company started delivering its smartphones...
Samsung Vice Chairman Lee Jae-yong has part of colon removed
Imprisoned Samsung Electronics Vice Chairman Lee Jae-yong’s another trial slated for this week was postponed to late next month due to his recent surgery.
A Seoul court noted that the trial...
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