Economy
Business·Industry
SamsungElectronics Begins Pilot Project for Heat Pumps in Apartment Buildings… Accelerating the Shift to Electric Heating and Cooling
SamsungElectronics is accelerating the expansion of electric heating and cooling systems by conducting a demonstration of a high-efficiency heat pump heating and cooling system in a multi-unit residen…
Business·Industry
A Look at Precedents in K-Bio That Claimed 'Half a Success'… Will Kolon TissueGene, Inc.’s 'TG-C' Be Different?
Jeon Seung-ho, co-CEO of Kolon TissueGene, Inc., held a press conference in Gangseo-gu, Seoul, on the 21st to announce the results of the U.S. Phase 3 clinical trial for “TG-C,” a cell-gene therapy fo…
Business·Industry
Samsung and SK Set to Post Combined Quarterly Operating Profit of 150 Trillion Won… Record Earnings Amid AI Boom
Following SamsungElectronics, SK hynix has also forecast record-breaking earnings for the second quarter of this year, with the combined quarterly operating profit of the two companies expected to exc…
Business·Industry
“Earning Hundreds of Millions of Won Just by Commanding the Reserve Forces”… Why Samsung and SK Became the ‘Dream Company Commanders’
They do not design semiconductors or manufacture wafers. In peacetime, they manage employee reservists, draw up training plans, and prepare for mobilization in the event of an emergency. However, the …
Business·Industry
[Editor's Perspective] The Economy of Foreign Residents and Visitors in South Korea Left in a Blind Spot
There is a proverb that says, “It takes three years to find a child you’re carrying on your back.” It criticizes the folly of searching in the wrong places while overlooking what’s right under one’s n…
Business·Industry
Lee Jae-yong Meets with Altman at OpenAI Headquarters… Discusses Cooperation on Semiconductors and AX
SamsungElectronics Chairman Lee Jae-yong met with Sam Altman, CEO of OpenAI, to explore comprehensive collaboration strategies covering AI semiconductors and enterprise AI transformation (AX). Althoug…
Business·Industry
Samchully BICYCLE CO., LTD’s Electric Bikes: From a Burden to a Cash Cow
Electric bicycles, which once experienced sluggish growth, have established themselves as a core growth driver for SAMCHULY BICYCLE CO., LTD(024950), a leading domestic bicycle manufacturer. The compa…
Business·Industry
A Simple Tap Did the Trick… LG Corp. InstaView Refrigerators Reach Cumulative Sales of 5.3 Million Units
Image of LGELECTRONICS’ KnockOn refrigerator. (Photo courtesy of LGELECTRONICS)
The “InstaView” (known as “KnockOn” in Korea) refrigerator, first introduced worldwide in 2016, has surpassed 5.3 mi…
Business·Industry
[Blue Ocean Veterinary Medical Devices] ⑤ REMED CO.,LTD. Targets Large Animals with No Competition… Expanding to Portable Devices
As medical technology advances, the treatment of human diseases is evolving toward “personalized” and “precision medicine.” Consequently, demand for personalized treatment and precision medicine is no…
Business·Industry
Lee Jae-yong and Altman to Meet at OpenAI Headquarters… to Discuss HBM and Foundry Cooperation
SamsungElectronics Chairman Lee Jae-yong SamsungElectronics(005930) and OpenAI CEO Sam Altman are set to meet at OpenAI’s headquarters in San Francisco to discuss ways to collaborate on artificial int…