[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
[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
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UPDATE: 2025년 09월 04일 16시 58분
