[NewsSpace=JeongYoung Kim] It has been argued that Korea's inheritance tax is excessively high compared to major foreign countries. In the case of Samsung, the inheritance tax of Samsung Electronics Vice Chairman Lee Jae-yong and other owner families was around 12 trillion won after the death of the late chairman Lee Kun-hee. The Korea Economic Research Institute (KERI) revealed this on the 11th through a report titled "Issues and Improvement Directions of the Current Corporate Succession Inheritance Tax System." KERI pointed out that as of 2021, the proportion of inheritance an
[NewsSpace=JeongYoung Kim] Lee Jae-yong, the chairman of Samsung Electronics, laid the groundwork for the realization of the "Second Semiconductor Myth" by holding a series of meetings with global CEOs leading the world's biotech market in the United States. According to Samsung Electronics on the 8th, Chairman Lee has met with CEOs such as global pharmaceutical companies and bio-venture incubation companies in the eastern United States, the world's largest biocluster. Chairman Lee met with ▲ Joaquin Duato CEO ▲ Giovanni Caporio BMS CEO ▲ Nuba Apeyan Flagship Finance CEO ▲ C
[NewsSpace=JeongYoung Kim] The tall figure of Konrad Becker stood looking out at a sea of hundreds of young faces in Seoul’s Banpo area, not quite knowing what to expect from his audience. Originally from Germany but based in South Korea, he had been invited for Earth Day 2023 to deliver the latest “Dulwich Talk” in a thought leadership series hosted by international school Dulwich College Seoul (DCSL). Students of various ages packed out the auditorium, waiting to hear about Becker’s vision for a better future through plastic recycling and Would You Love (WYL), the Se
[NewsSpace=JeongYoung Kim] Despite the reverse growth of the smartphone market due to the economic recession, Apple recorded a good performance that far exceeded expectations. iPhone accounts for a huge portion of Apple's profits to the extent that it is said that "iPhone has done everything." The secret is that the unusually high sales price compared to the cost plays a big role. The cost of components of the iPhone 14 Pro Max, the best model of the iPhone 14, is around 500,000 won in KRW, drawing attention. The sales price is more than three times higher than 1.7 million won.
[NewsSpace=JeongYoung Kim] Kyung Kye-Hyun, the CEO of the Device Solutions business at Samsung Electronics, has set a goal to catch up with Taiwan's TSMC, the world's leading foundry (semiconductor contract manufacturer), within five years. Speaking at a lecture titled "Samsung Semiconductor's Dream and Happiness: Sustainable Future" held at KAIST in Daejeon on May 4th, Kyung stated that "To be frank, Samsung's foundry technology is one to two years behind TSMC's, but we can surpass it once TSMC enters the 2nm process." He added, "We can exceed TSM
[NewsSpace=JeongYoung Kim] As the scope of utilization of generative artificial intelligence (AI) expands, Samsung Electronics has decided to prohibit the use of ChatGPT by employees to prevent information leaks. According to Samsung Electronics on May 2nd, the DX division, which handles mobile and home appliances, recently announced a restriction on the use of generative AI such as ChatGPT through the company network or company-owned devices. This action is taken due to concerns that the data entered into ChatGPT and similar platforms is sent to external servers, making management difficult
[NewsSpace=JeongYoung Kim] Jeong Eui-sun, the chairman of Hyundai Motor Group, is the first guest on the Korean version of "Lunch with Warren Buffett," where he will personally meet and chat with 30 members of the MZ generation (Millennials and Generation Z). As part of one of its mid- to long-term development plans to strengthen connections with the MZ generation (born from the early 1980s to the early 2000s), the Federation of Korean Industries planned the "Korean version of Lunch with Warren Buffett" and named it "Godsaeng Hanikki." "Godsaeng" is a p
[NewsSpace=JeongYoung Kim] Samsung Electronics announced on April 27 that it posted sales of KRW 63.7454 trillion and operating profit of KRW 6.402 billion in the first quarter of this year based on consolidated standards. The company's semiconductor division recorded a quarterly deficit for the first time in 14 years since the first quarter of 2009, when it was hit by the global financial crisis. The explanation given by Samsung Electronics was that the overall purchasing sentiment was weakened due to global economic uncertainty and a slowdown in the economy, resulting in a 9.5% decrease
[NewsSpace=JeongYoung Kim] Three Korean battery companies have announced plans to establish new factories both domestically and internationally, as demand for electric vehicles continues to rise. The companies are opening dedicated battery production lines and increasing joint venture factories with car manufacturers in order to meet demand and comply with regulations for battery subsidies under the Inflation Reduction Act (IRA). Although the three companies have already started constructing factories in the United States, Canada, and Europe, the current production capacity is still insuffici
[NewsSpace=JeongYoung Kim] Samsung SDI and General Motors (GM) today announced that they have agreed to establish a joint venture (JV) to manufacture battery cells for electric vehicles in the United States. Samsung SDI said the company and GM plan to invest over $3 billion in the JV that would have an annual production capacity of more than 30 gigawatts-hour. The prospective JV will aim to start mass production in 2026. Through the new JV plan, Samsung SDI will be able to further enhance its penetration into the U.S. market by establishing its second battery manufacturing facility in the cou
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UPDATE: 2025년 07월 02일 09시 39분
