Korea becomes fourth-largest trading partner for US state

Samsung Electronics announced Tuesday it has bagged the first order for its new turnkey semiconductor solutions using the cutting-edge 2-nanometer foundry process from a leading artificial intelligence company in Japan. Holding the Samsung Foundry Forum and Samsung Advanced Foundry Ecosystem Forum in Seoul, the chip giant also unveiled its foundry strategy for its advanced Gate-All Around transi...

Samsung Electronics announced Tuesday it has bagged an order for its new turnkey semiconductor solutions using the cutting-edge 2-nanometer foundry process from a leading artificial intelligence company in Japan. Holding the Samsung Foundry Forum and Samsung Advanced Foundry Ecosystem Forum in Seoul, the chip giant also unveiled its foundry strategy for its advanced Gate-All Around transistor ar...

Kim Beom-su, the founder of tech giant Kakao Corp., the operator of South Korea's top mobile messenger, was summoned by prosecutors Tuesday to address allegations of stock price manipulation related to Kakao's acquisition of K-pop megacorp SM Entertainment last year. The Financial Investigation Division 2 of the Seoul Southern District Prosecutors' Office called in Kim earlier in the day and sai...

Samsung Electronics denied a report Tuesday that it is launching a special edition phone in collaboration with French luxury giant LVMH during the Galaxy Unpacked event for its new foldable phones held in Paris on Wednesday. A Samsung official said the tech giant is not teaming up with any partner for an "Olympic phone." But the official declined to further elaborate on the possible launch of an...

Unionized workers of Samsung Electronics launched their first-ever strike Monday, demanding higher pay and warning of potential further action if the country's largest conglomerate does not meet their demands. The National Samsung Electronics Union, the nation's biggest labor union with over 30,000 members which make up some 25 percent of the workforce, said it kicked off the strike starting wit...

LG Electronics said Friday it expected its second-quarter earnings to climb more than 60 percent from a year earlier on robust sales of its main home appliance products and balanced qualitative growth of its business-to-business sector. LG estimated that its operating profit for the April-June period came in at 1.19 trillion won ($863.2 million), up 61.2 percent from a year ago, according to the...

Samsung Electronics predicted Friday that its operating profit in the April-June period would rebound to exceed 10 trillion won ($7.3 billion), driven by a recovery in demand for memory chips and rising prices on the back of the expansion of the artificial intelligence market. Samsung's second-quarter operating profit is estimated to hit 10.4 trillion won, up 1,452.2 percent from a year ago, acc...

Negotiations over Naver’s stake sale in its joint venture with Japan’s SoftBank are expected to be prolonged, with no immediate breakthrough in sight. Naver CEO Choi Soo-yeon on Tuesday made it clear that the portal giant has no immediate intention to sell its stake in LY Corp., the operator of Japan’s popular messenger Line. Naver and SoftBank each own 50 percent in A Holdings, which controls a...

Samsung Electronics Chairman Lee Jae-yong on Tuesday renewed his commitment to boosting investment in Vietnam, where the company remains the biggest foreign investor, during a meeting with Vietnamese Prime Minister Pham Minh Chinh in Seoul on Tuesday. In the private meeting, the Samsung chief pledged massive investment to set up the tech giant’s biggest display module production base in the Sout...

Unionized workers of Samsung Electronics have said they will stage a three-day walkout beginning July 8, as their negotiations with management over wages and working conditions have so far failed. The National Samsung Electronics Union, the largest among multiple Samsung Electronics unions with some 28,400 workers, or 22 percent of the total workforce, announced the decision on Monday evening li...

Naver Global Investment Officer and founder Lee Hae-jin and Chief Executive Officer Choi Soo-yeon met with Jensen Huang, the co-founder and CEO of Nvidia, to discuss strengthening their partnership in the rising artificial intelligence technology, according to the Korean internet giant Thursday. Naver’s key executives, including Lee, Choi and Naver Cloud CEO Kim Yoo-won met with Huang at Nvidia’...

SK hynix, the world's second-largest memory chip-maker by revenue, said Friday it had successfully developed the industry's highest performancesolid state drive chip that can significantly enhance the process speed in on-device artificial intelligence. The product, dubbed PCB01, comes with the capabilities of sequential read and write speeds of 14 gigabyte and 12GB per second, respectively, brin...

Samsung Electronics plans to unveil its highly anticipated next-generation Galaxy Z series infusing Galaxy AI at the upcoming event titled "Galaxy Unpacked 2024: Galaxy AI is Here” in Paris on July 10. The Korean tech giant released a teaser trailer through its YouTube channel on Wednesday, offering a tantalizing glimpse into the event that will be broadcast globally. The 15-second clip feature...

Samsung Electronics, the world’s largest maker of memory chips, announced Tuesday it built the industry’s first certified Compute Express Link infrastructure, a crucial step not just for its own product verification, but also for creating an open-source ecosystem. Samsung Memory Research Center, located in Hwaseong, Gyeonggi Province, received the certification from Red Hat, the world’s leading ...