Samsung joins White House meeting, gauging timing of $17b investment in US

Black Yak is launching a rental service providing free hiking shoes for foreigners as part of its “Together Mountain” campaign, in partnership with the Gangbuk-gu Office in Seoul, the Korean outdoor clothing brand said Tuesday. On Tuesday, Black Yak Chairman and Chief Executive Officer Kang Tae-sun and Gangbuk-gu Council Chairman Park Gyeom-su held the opening ceremony of the rental shop, located inside the Black Yak Ui-dong branch near Bukhansan Ui Station on the Ui-Sinseol Line.

Larger than bestselling Grandeur, cheaper than K9, Kia’s all-new K8 provides new product tier for sedan drivers

SK Bioscience on standby to begin production of 40 million Novavax doses for local consumption

South Korean e-commerce giant Coupang is hiring a small number of employees for senior positions in Singapore, a move that has been seen as part of steps to branch out into the Southeast Asian market. The company recently posted several job openings on global recruiting site Linkedin for its office in Singapore including head of retail, head of logistics and head of operations. It is also hiring a senior front-end engineer for its video streaming platform Coupang Play. A Coupang representati

The first Malaysian outlet of CU, the South Korean convenience store chain, has seen more than 11,000 customers in just 10 days since opening, the company said Tuesday. According to BGF Retail, the firm behind the CU chain, an average of 1,000 people have visited the store in Kuala Lumpur daily since it opened on April 1. That is about three times the average number of visitors of CU stores in South Korea, the company added. A typical CU store here is open for 24 hours. But the Malaysian st

Samsung Electronics Co. expanded its dominance in the global smartphone memory market in 2020, a report showed Tuesday, as it represented nearly half of the industry. Samsung, the world's largest supplier of DRAM and NAND chips, accounted for 49 percent of the global smartphone memory market last year, up 2 percentage points from a year earlier, according to a report from industry tracker Strategy Analytics. Samsung was followed by its smaller South Korean rival SK hynix Inc. with a 21 perce

South Korea's two major electronics firms -- Samsung Electronics Co. and LG Electronics Inc. -- were among the top five players in the European smart home market in the fourth quarter of last year, a report showed Tuesday, as they push to increase connected devices amid the pandemic-induced stay-at-home trend. Samsung was the third-largest vendor of smart home devices, including smart TVs, smart speakers, thermostats and home security products, in Europe after shipping 4.91 million units in th

South Korean battery maker Samsung SDI Co. will supply battery cells for US electric vehicle startup Rivian's upcoming vehicles, the companies said Tuesday. RJ Scaringe of Rivian, backed by Amazon.com Inc. and Ford Motor Co., said in a statement Samsung SDI has been developing the battery cells for its vehicles as it plans to launch an electric pickup and SUV later this year. Samsung SDI has been partnering with Rivian for its EV lineup, a company spokesperson said, without elaborating on th

Samsung Electronics Co., the world's largest memory chip producer, is likely to accelerate its investment in the United States as US President Joe Biden urged more spending in the chipmaking sector to resolve the chip shortage and build up a stable supply chain, analysts here said Tuesday. Samsung was one of the 19 global firms and the only South Korean company that attended the White House's virtual meeting on Monday (local time) where Biden stressed a need to invest in the semiconductor indu

SK IE Technology Co. (SKIET), a battery material subsidiary under SK Innovation Co., said Tuesday its second battery separator factory in China started operations to step up its production capacity. SKIET said it opened its first overseas production line in the southeastern Chinese city of Changzhou in November and began rolling out lithium-ion battery separators at its second factory in the complex. The Changzhou factory's operation increases SKIET's annual production capacity to 510 millio

Hyundai Motor Co., South Korea's biggest carmaker, on Tuesday unveiled the all-new minivan Staria, two days ahead of its domestic sale. The Staria multipurpose vehicle comes with a 2.2-liter diesel engine or a 3.5-liter liquefied petroleum gas engine, Hyundai said in a statement. The Staria is available either as a passenger vehicle or a cargo vehicle. As a passenger vehicle, it comes in three versions with seven seats, nine seats or 11 seats, while as a cargo carrier, it comes with three se

Netflix saw its revenue more than double in South Korea last year as the video streaming giant enjoyed rapid user growth amid the pandemic, its filing showed Tuesday.  Netflix Services Korea Ltd.'s sales last year stood at 415.45 billion won ($356 million), up 123.5 percent from the previous year, while operating profit reached 8.82 billion won, up 295 percent over the cited period, according to the filing. Most of the company's sales last year came from user streaming fees, which stood

Samsung Electronics Co. maintained the status as the world's second-largest semiconductor vendor by revenue last year, industry data showed Tuesday, amid rising demand of memory products on the back of the pandemic-induced stay-at-home economy. Samsung's chip business logged $57.7 billion in revenue last year, up 10.2 percent from a year earlier, to capture 12.4 percent of the global semiconductor market, according to data from US-based research firm Gartner. Intel Corp. defended its top pos

　South Korea, home to chipmaking giants such as Samsung Electronics and SK hynix, was the world's third-largest market for semiconductor materials in 2020, a report showed, moving down one spot from a year earlier after posting an under-par industry average growth. 　The country's chip materials market grew 3.9 percent on-year to $9.23 billion in 2020, according to the report from SEMI, a global industry association representing companies in the electronics design and manufacturing supply c