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Samsung to invest 450 tln won in chip, bio industries for next 5 years

SEOUL, May 24 (Yonhap) -- Samsung Electronics Co. said Tuesday it will invest 450 trillion won (US$355 billion) in semiconductor and bio science for the next five years, as South Korea's largest company seeks to further expand its business in fut
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S. Korea to set date of 2nd launch of homegrown space rocket Nuri

SEOUL, May 23 (Yonhap) -- South Korea plans to set the launch date of next month's second launch of Nuri, the country's first homegrown space rocket, eight months after the failure of the first launch, officials said Monday.In October, Nuri,
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(News Focus) S. Korean firms in delicate balancing act over U.S. economic framework

By Woo Jae-yeonSEOUL, May 21 (Yonhap) -- South Korean companies could find themselves attempting a precarious balance between Washington and Beijing, as Seoul announced its decision to join a new U.S.-led regional economic initiative that does not in
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Samsung expected to show cutting-edge 3-nm chip to Biden during Pyeongtaek campus visit

SEOUL, May 19 (Yonhap) -- Samsung Electronics Co. is expected to showcase one of its most advanced chipmaking technologies to U.S. President Joe Biden when he visits its Pyeongtaek campus this week, sources said Thursday.Biden is set to arrive in Seo
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Qualcomm among Samsung's top 5 clients for 1st time due to foundry biz

By Woo Jae-yeonSEOUL, May 17 (Yonhap) -- U.S. chipmaker Qualcomm was included among Samsung Electronics Co.'s top five clients in the first quarter, a document showed Tuesday, largely due to chip contract manufacturing.In a quarterly corporate fi
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Kakao Mobility partners with Miki Taxi for Guam service

SEOUL, May 17 (Yonhap) -- Kakao Mobility Corp., South Korea's leading taxi-hailing company, said Tuesday it has forged a business partnership with Miki Taxi, a major taxi operator in Guam, to provide ride-hailing services in the U.S. Pacific terr
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Hyundai E&C to issue non-fungible tokens for 75th anniversary

SEOUL, May 17 (Yonhap) -- Major South Korean builder Hyundai Engineering & Construction Co. said Tuesday it will issue non-fungible tokens (NFTs) to celebrate the 75th anniversary of its foundation this year.To that end, Hyundai E&C recently signed a
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FKI joins global trade groups' call for expansion of WTO agreement on IT products

SEOUL, May 16 (Yonhap) -- A major South Korean business lobby said Monday it has joined industry groups around the world calling for an expansion of a World Trade Organization agreement on removing duties for IT products.The Federation of Korean Indu
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(LEAD) Samsung considers raising chip prices by 20 pct: report

(ATTN: ADDS more details from 4th para, photo)SEOUL, May 13 (Yonhap) -- Samsung Electronics Co. is considering raising chipmaking prices by up to 20 percent, a news report said Friday.Bloomberg reported the South Korean chipmaker is in talks with fou
Samsung considers raising chip prices by 20 pct: report

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SEOUL, May 13 (Yonhap) -- Samsung Electronics Co. is considering raising chipmaking prices by up to 20 percent, a news report said Friday.Bloomberg reported the South Korean chipmaker is in talks with foundry clients to hike the contract chipmaking p
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Samsung holds first-ever 6G forum to discuss next-gen communications tech

By Woo Jae-yeonSEOUL, May 13 (Yonhap) -- Samsung Electronics Co. on Friday held its first 6G forum with experts from academia and industry to discuss the future of communications technologies, in a bid to lead 6G research and development and standard
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Kakao Mobility partners with Splyt for ride-hailing roaming services in Southeast Asia

SEOUL, May 12 (Yonhap) -- Kakao Mobility Corp., South Korea's leading taxi-hailing company, said Thursday it will begin offering access to local ride-hailing services in seven Southeast Asian countries by partnering up with global mobility platfo
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ICT exports rise 16.9 pct in April on brisk chip, display demand

SEOUL, May 12 (Yonhap) -- South Korea's exports of information and communication technology (ICT) products rose 16.9 percent in April from a year earlier on strong overseas demand for chips and displays, data showed Thursday.Outbound shipments of
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NAND flash prices forecast to decline in 2nd half amid sluggish demand: report

By Woo Jae-yeonSEOUL, May 11 (Yonhap) -- NAND flash prices are expected to decline in the second half due mainly to sluggish demand and oversupply, a recent report showed Wednesday, dimming the performance outlooks for major chipmakers.Industry track
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Samsung launches new policy to retain experienced senior workers

SEOUL, May 10 (Yonhap) -- Samsung Electronics Co. has introduced a new human resources policy allowing highly-skilled senior employees to continue working after retirement to capitalize on their experience and expertise.The world's largest memory
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Umicore sets up rechargeable battery research lab in S. Korea

SEOUL, May 10 (Yonhap) -- Belgium-based Umicore N.V. has completed its research laboratory for rechargeable battery materials in central South Korea that could help promote the local industry, the industry ministry said Tuesday.Umicore's central
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Samsung to expedite metaverse technology development

By Woo Jae-yeonSEOUL, May 6 (Yonhap) -- Samsung Electronics Co. is accelerating its research and development of metaverse-related technologies in a bid to nurture its new growth engines, joining the growing list of global tech firms that are betting
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(LEAD) SK shieldus scraps IPO plans on poor market sentiment

(ATTN: RECASTS 2nd para; ADDS more info in last 2 paras)SEOUL, May 6 (Yonhap) -- South Korean cybersecurity service provider SK shieldus Co. withdrew its plans for an initial public offering (IPO) Friday, citing lackluster investor confidence.SK shie
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SK shieldus scraps IPO plans on poor market sentiment

SEOUL, May 6 (Yonhap) -- South Korean cybersecurity service provider SK shieldus Co. withdrew its plans for an initial public offering (IPO) Friday, citing lackluster investor confidence.SK shieldus, the cybersecurity arm of South Korean telecom gian
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(2nd LD) Kakao Q1 net swells by over fivefold on gains from Dunamu stock disposal

(ATTN: ADDS closing share price at bottom) SEOUL, May 4 (Yonhap) -- Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, said Wednesday its first-quarter net profit jumped by more than fivefold from a year earlier, due to on