[NewsSpace=JeongYoung Kim] Big tech tycoons in Silicon Valley are increasingly investing in the field of nuclear fusion. According to the Wall Street Journal on the 23rd local time, investors including Sam Altman, co-founder of OpenAI which developed the AI chatbot "ChatGPT," Jeff Bezos, founder of Amazon, Peter Thiel, co-founder of PayPal, Bill Gates, co-founder of Microsoft, and Marc Benioff, founder and CEO of Salesforce, are making huge investments in nuclear fusion technology that utilizes the principle of providing infinite energy by supplying power to the sun and other source
[NewsSpace=JeongYoung Kim] Samsung Electronics, which posted a deficit in the semiconductor sector in the first quarter of this year due to deteriorating memory conditions, is expected to record a company-wide deficit in the second quarter. According to industries on the 23rd, Samsung Electronics almost reached a break-even point (BEP) in the first quarter and is expected to turn to a company-wide deficit in the second quarter. Samsung Electronics' operating losses in the second quarter, estimated by securities firms that expected a deficit, were 1.286 trillion won in Hi Investment &
[NewsSpace=JeongYoung Kim] It has recently been revealed that Koo Kwang-mo, the chairman of LG Group, filed a lawsuit with tax authorities claiming that "part of the inheritance tax is excessive." Before paying approximately KRW 720 billion in inheritance tax for LG shares inherited, he raised an objection through the lawsuit. According to sources from the business community on the 16th, Koo filed a lawsuit with the Seoul Administrative Court to cancel the inheritance tax on his inheritance with his mother, Kim Young-sik, and two younger sisters, Koo Yeon-kyung (CEO of LG Welfare Fo
[NewsSpace=JeongYoung Kim] The three representative luxury brands, Hermès, Louis Vuitton, and Chanel, also known as 'He·Roo·Cha', have reported nearly 4 trillion won ($3.3 billion) in sales in South Korea last year, which is an all-time record high. Adding Christian Dior's sales to this, the combined sales of these four luxury brands in Korea reached around 5 trillion won ($4.2 billion).“ According to the Financial Supervisory Service's electronic disclosure system on April 14th, Louis Vuitton Korea recorded sales of 1.6923 trillion won last year, an
[NewsSpace=JeongYoung Kim] Thanks to the popularization of imported cars and the phenomenon of car inflation, last year, domestic subsidiaries of imported car companies reported record-high performances one after another. However, Tesla Korea was the only company whose sales and operating profits decreased compared to the previous year, and it received a "qualified" opinion from the external auditor due to improper accounting treatment. According to electronic disclosure systems on the 13th, domestic subsidiaries of imported car companies reported record-high performances through au
[NewsSpace=JeongYoung Kim] Amid a sluggish global economy, Samsung and LG have simultaneously released "Shoe Management Appliances" in the 1 million won range to pioneer a new market. Following their success in creating a new market for "Clothing Management Appliances," the two companies have expanded their scope to include shoes. Recently, Samsung introduced the 1.04 million won "Samsung Bespoke Shoe Dryer" and LG released the 1.49 million won "LG Styler Objet Collection Shoe Care," both of which can deodorize, sterilize, and dry up to four pairs of sh
[NewsSpace=JeongYoung Kim] Microsoft founder Bill Gates has revealed that he is currently using Samsung Electronics' Galaxy Z Fold4 and is satisfied with the product. According to the industry on April 13, Bill Gates, chairman of the Bill & Melinda Gates Foundation, wrote on the social networking service LinkedIn on the 11th (local time), "My current phone is a Samsung Galaxy Z Fold 4, which is a far cry from the heavy bricks I used to carry around in the early days of Microsoft." The Galaxy Z Fold4 used by Chairman Gates is known to have been directly gifted by Samsung Elec
[NewsSpace=JeongYoung Kim] Hyundai Motor Group has started building a new domestic car factory in Hwaseong, Gyeonggi Province, on the 11th of April, after a 29-year hiatus of not constructing any new plants in South Korea. The factory will be the first electric vehicle-only factory in the country and the world's first PBV(Purpose Built Vehicle) factory. PBVs refer to vehicles that are tailored to various business needs, such as delivery vans or mobile offices. They are receiving attention as vehicles that can respond to various demands in the era of electric cars. The company plans to inv
[NewsSpace=JeongYoung Kim] With Samsung Electronics leading the way, the KOSPI index rose above 2500 points on April 10th. The KOSPI closed at 2512.08, up 21.67 points (0.87%) from the previous day. This is the first time in 88 trading days since December 1, 2022 (2501.43) that the KOSPI has exceeded 2500 during trading hours, and the first time in about 8 months since August 18, 2022 (2508.05) in terms of closing price. Samsung Electronics' stock price rose for the second consecutive trading day after a 4.3% increase on April 7th. Samsung Electronics closed at 65,700 won, up 1.08% (700 w
[NewsSpace=JeongYoung Kim] Samsung Electronics, the leading company in Korea, has posted an unprecedented "earnings shock" due to the semiconductor downturn. Samsung Electronics' Q1 2023 operating profit was tentatively recorded at KRW 600 billion down 95.75% from the same period last year. It is the first time in 14 years since Q1 2009 that Samsung Electronics' quarterly operating profit has fallen below KRW 1 trillion. According to the preliminary earnings announcements of each company, LG Electronics' operating profit in Q1 this year was KRW 1.4974 trillion. LG Electr
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UPDATE: 2025년 07월 02일 09시 39분
