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Samsung Electronics estimates 11.3 pct rise in Q2 profit on chip biz

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SEOUL, July 7 (Yonhap) -- Samsung Electronics Co. said Thursday it is likely to report its best second-quarter earnings in four years on the back of solid chip demand.In its earnings guidance, the South Korean tech giant estimated its operating profi
(URGENT) Samsung Electronics estimates Q2 operating profit at 14 tln won, up 11.3 percent YoY

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(URGENT) Samsung Electronics estimates Q2 sales at 77 tln won, up 20.9 percent YoY

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LG Innotek to invest 1.4 tln won to expand capacity for camera modules

SEOUL, July 6 (Yonhap) -- LG Innotek Co., a South Korean major electronics parts maker, said Wednesday it will invest 1.4 trillion won (US$1.07 billion) to expand the production capacity of camera modules and other electronic parts.LG Innotek, a came
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Convenience store chains to introduce limited drone delivery service in leisure destinations

SEOUL, July 6 (Yonhap) -- South Korean convenience chains said Wednesday they plan to introduce limited drone delivery services in selected stores in leisure destinations, as competition to provide faster deliveries heats up.BGF Retail, the operator
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LG Uplus, Nokia agree to cooperate in key wireless tech R&D

SEOUL, July 6 (Yonhap) -- LG Uplus Corp., South Korea's third-largest mobile carrier, said Wednesday it has reached a tentative deal with Finnish tech giant Nokia Corp. to cooperate in research and development (R&D) projects for next-generation w
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KT invests 30 bln won in S. Korean AI chip startup Rebellions

SEOUL, July 6 (Yonhap) -- KT Corp., South Korea's No. 2 mobile carrier, said Wednesday it has invested 30 billion won (US$23 million) in Rebellions Inc., a local artificial intelligence (AI) chip startup, to participate in the fast growing field
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LG's EV parts business receives new orders worth 8 trillion won in first half

SEOUL, July 5 (Yonhap) -- LG Electronics Inc. said Tuesday it has secured 8 trillion won (US$6.1 billion) worth of new orders for electric vehicle (EV) parts and solutions in the first half, a sign that its new growth engine is gaining ground.While t
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SK hynix sets up makeshift tents in preparation for potential lockdown in China

SEOUL, July 5 (Yonhap) -- SK hynix Inc. said Tuesday it has set up makeshift tents for workers in its chip fabrication factory in Wuxi, China, to prevent a potential citywide COVID-19 lockdown from disrupting its production.Eastern cities in China, i
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Samsung's Q2 operating profit likely to rise 15.6 pct on chip biz: survey

SEOUL, July 5 (Yonhap) -- Samsung Electronics Co. is expected to report a more than 15 percent rise in operating profit for the second quarter, helped by strong semiconductor business despite slowing demand for smartphones and home appliances, a surv
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LGES CEO leaves for Europe for EV battery biz

SEOUL, July 3 (Yonhap) -- LG Energy Solution said Sunday its CEO Kwon Young-soo has left for Europe to check on its battery plant in Poland and meet with key partners there as the battery maker is striving to broaden its electric vehicle battery busi
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High-tech convenience stores boom amid high labor costs and contactless services

By Kang Jae-eunSEOUL, July 1 (Yonhap) -- A digital transformation is taking place in South Korea's convenience store industry, with local retailers racing to open stores installed with the latest retail technologies. GS Retail, the operator of lo
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LG Electronics, SM Entertainment launch fitness tech joint venture

By Kang Jae-eunSEOUL, June 30 (Yonhap) -- LG Electronics said Thursday it has set up a joint venture with SM Entertainment, the K-pop agency behind aespa and NCT Dream, to tap into the growing home fitness market.LG Electronics CEO Cho Joo-wan expres
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(LEAD) Samsung begins mass production of 3nm chips

(ATTN: ADDS more details in paras 4-6, last 5 paras)By Woo Jae-yeonSEOUL, June 30 (Yonhap) -- Samsung Electronics Co. said Thursday it has begun mass production of 3-nanometer semiconductors, stepping up its game in the most advanced chipmaking proce
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Samsung begins mass production of 3nm chips

By Woo Jae-yeonSEOUL, June 30 (Yonhap) -- Samsung Electronics Co. said Thursday it has begun mass production of 3-nanometer semiconductors, stepping up its game in the most advanced chipmaking process node and beating its foundry rival and industry l
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(Yonhap Interview) Talent, gov't support are key to chip industry's success: professor

By Woo Jae-yeonSEOUL, June 30 (Yonhap) -- Talented engineers and the government's strong support are key to advancing tech prowess in chipmaking, a process that is incredibly challenging and complex, a renowned South Korean professor has said.&q
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LG pushes to advance in clean tech

SEOUL, June 29 (Yonhap) -- LG Corp., South Korea's fourth-largest conglomerate, said Wednesday it plans to invest more than 2 trillion won (US$1.5 billion) over the next five years in clean technology, as part of efforts to advance in a new growt
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Samsung buys German OLED display firm Cynora: report

SEOUL, June 29 (Yonhap) -- Samsung Display Co. has acquired German display startup Cynora GmbH for about US$300 million to advance technology for foldable smartphone screens, a report said Wednesday.Bloomberg reported that the South Korean firm purch
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LG Electronics advances into EV charging business

SEOUL, June 26 (Yonhap) -- LG Electronics Co. said Sunday it has acquired a domestic EV charging maker to advance into the EV charging solutions business amid a global electrification push.LG Electronics recently acquired a 60 percent stake in AppleM
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(Yonhap Interview) Samsung has substantial upside potential on sound fundamentals: chief analyst

By Woo Jae-yeonSEOUL, June 24 (Yonhap) -- Investor sentiment has been unduly negative toward Samsung Electronics in light of the company's strong performance and solid earnings forecast, a chief analyst at a local research firm has said."I