BUSINESS
Samsung seeking tax breaks for possible new chip plant in Texas: reports
Samsung Electronics Co. has asked Texas state officials to give tax breaks for its potential new chip plant, news reports showed Friday, raising speculation that the South Korean tech titan could mak...
Feb 5, 2021
Samsung, LG release vacuum cleaners with upgraded charging stations
South Korea's two largest home appliance makers -- Samsung Electronics Co. and LG Electronics Inc. -- are set to begin their duel in the vacuum cleaner market, industry observers said Friday, as they...
Samsung Electronics ranks 2nd in 2020 US patent grants
Samsung Electronics Co. clinched the No. 2 spot in US patent grants among global corporate giants in 2020, industry data showed Friday. Samsung Electronics, the world's top smartphone and memory chi...
SK Bioscience’s COVID-19 vaccine to be used with GSK adjuvant
SK Bioscience is collaborating with GlaxoSmithKline in COVID-19 vaccine development, the company said Thursday. According to SK Bioscience, its COVID-19 vaccine candidate GBP510 has shown improved T...
Feb 4, 2021
HHIH swings to red on slump in affiliate, COVID-19
Hyundai Heavy Industries Holdings Co. (HHIH) said on Thursday that it swung to the red last year from a year earlier due to losses from equity ties with its oil refining unit and the new coronavirus ...
Automakers cut production due to chip shortage
Automobile companies worldwide have been forced to curtail production as they run out of automotive chips, according to industry sources on Thursday. US-headquartered General Motors announced Wednes...
[Green Paradox] Three things holding back Korea’s solar takeoff
Solar sector needs better grid infrastructure, subsidy plans and rules
SK Materials, Hyosung Chemical’s NF3 gas ‘selling like hotcakes’
The size of the NF3 market is forecast to surpass $2 billion by 2025 from $967.4 million as of 2018, according to Global Market Insights. By Kim Byung-wook ( kbw@heraldcorp.com )
While auto sector thrives, gap widens between companies
Hyundai Motor Group strides ahead, SsangYong struggles in liquidity crunch
IK HealMade’s FFP2 masks ready for global market
Disuniform global certifications a hurdle for mask companies’ overseas business
Hyosung’s Cho Hyun-sang promoted to vice chairman
South Korean industrial conglomerate Hyosung Group, strong in its textile and chemical businesses, has named Cho Hyun-sang its new vice-chairman, the company said on Thursday. The move comes nearly ...
S. Korea to spend more for future cars under New Deal scheme
South Korea's industry ministry said Thursday it plans to raise 200 billion won ($179 million) this year to nurture eco-friendly automobiles and other state-of-the-art technologies, in line with the ...
KT&G Q4 net nearly triples on increased exports
KT&G Corp., South Korea's dominant tobacco company, said Thursday its fourth-quarter net profit nearly tripled as exports increased despite the COVID-19 pandemic. Net profit for the three months end...
Samsung's Q4 smartphone sales rise in US: report
Samsung Electronics Co.'s smartphone sales in the United States rose in the fourth quarter of 2020 on the back of its budget flagship model, a report showed Thursday, despite overall market decline. ...
Top court upholds guilty convictions of Samsung executives in union-busting case
The Supreme Court on Thursday upheld the guilty convictions of dozens of former and current Samsung executives accused of sabotaging labor union activities at a subsidiary company in 2013. The court...