Economy
Business·Industry
[Breaking News] SamsungElectronics Reports 3Q Revenue of 195 Trillion Won… All-Time High
SamsungElectronics announced on the 8th, through the release of its preliminary third-quarter earnings, that it recorded sales of 195 trillion won. This marks an all-time high, representing a 13.7% in…
Business·Industry
"Earning 1 trillion a day?" Will SamsungElectronics' operating profit hit 100 trillion?
SamsungElectronics is set to announce its preliminary third-quarter earnings today (the 8th). With memory chip prices continuing to rise, driven by demand for artificial intelligence (AI), attention i…
Business·Industry
Lisa Su Meets with Jeon Young-hyun for 3 Hours… “Broad Partnership” for Foundry Collaboration
Lisa Su, Chairwoman and CEO of AMD, concluded a meeting lasting over three hours with Jeon Young-hyun, President and CEO of SamsungElectronics and Vice Chairman in charge of the Device Solutions (DS) …
Business·Industry
South Korea Enters the 160 Trillion Global Obesity Drug Market… HanmiGlobal Co., Ltd’s “Epe” Becomes First Domestically Developed Drug to Receive Approval
Epfeglenatide, developed by HanmiPharm, has received approval from the Ministry of Food and Drug Safety as the first domestically developed GLP-1-based obesity treatment. With this approval, Korea has…
Business·Industry
"Around 100,000 won a month"... Korean version of 'half-price Wegovy' to be released
HanmiPharm(128940) The GLP-1 obesity treatment “Epe Autoinjector Injection” (hereinafter “Epe”) has received domestic approval, throwing down the gauntlet to Wegovy and Mounjaro. With clinical data fr…
Business·Industry
‘SMEC CO.,LTD Control Dispute’: SNT Holdings Demands Participation in Management Once Again
SNT Holdings, the largest shareholder currently in a dispute with SMEC CO.,LTD’s current management over control of the company, has proposed support for a capital increase while reiterating the need …
Business·Industry
LG Corp. Expands Its Home Appliance Footprint, Apple Expands Its Ecosystem… A “Win-Win” for AI Smart Homes
LGELECTRONICS and Apple are joining forces in the smart home sector. The two companies have agreed to jointly develop devices designed to enhance smart home security and convenience. This move appears…
Business·Industry
Lisa Su Visits Samsung and SK in Quick Succession… “We Need Tremendous Cooperation”—Why?
Lisa Su, Chairwoman and CEO of AMD, visited Korea for the first time in seven months and met successively with the heads of SamsungElectronics and SK hynix’s semiconductor divisions. Amid tight memory…
Business·Industry
“An Annual Salary of 100 Million Won, but a Performance Bonus of 950 Million Won?”… Is Samsung Semiconductor About to Hit the Jackpot?
SamsungElectronics will pay a special management performance bonus to employees in its Semiconductor (DS) division in late March or early April of next year. The special performance bonus is scheduled…
Business·Industry
Samsung and LG Corp. Promote ‘Electrification of Heating’ with Heat Pumps… Joining the Effort to Reduce Carbon Emissions
Samsung Electronics and LGELECTRONICS are set to fully participate in the government’s “heating electrification” policy, spearheaded by heat pumps. The companies aim to reduce carbon emissions in resi…