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Sun, May 9, 2021 | 07:10

Samsung downplays 'tech manipulation'

With the competition for chip refinement processes reaching a breaking point, market competition between memory chip king Samsung Electronics and U.S. chipmaker Micron seems to be heating up over how small they can make their DRAM memory chips.

IT | 2021-05-06 16:37

Samsung takes detour to support automotive chips

Korea moving to cut corporate tax, ease regulations for chip companies

The ruling Democratic Party of Korea's (DPK) proposed bill to support the local semiconductor industry - a Korean version of the Special Chip Act - will include a corporate tax rate cut and various deregulation measures to encourage firms to invest more in production facilities, according to sources from the party and government officials, Wednesday.

IT | 2021-05-05 17:42

Kakao trying to 'duplicate' Amazon's business model

Kakao, the country's biggest mobile messaging app operator, is speeding up its mission to “duplicate” the business model of U.S.-based e-commerce titan Amazon, in an attempt to establish a business empire encompassing online shopping, online comics and novels, media content and logistics, industry analysts and officials said Tuesday.

IT | 2021-05-04 17:01

LG-SK battery settlement boosting parts suppliers

With LG Energy Solution and SK Innovation ending their dispute over battery technology for electric vehicles (EVs) last month, domestic makers of components, parts and materials in the industry have come under the spotlight with the expectation that large-scale orders will resume in the United States and Europe, analysts said Tuesday. The intellectual property battle between ...

Manufacturing | 2021-05-04 15:18

LG Electronics, Mirae Asset forge partnership to invest in startups

LG Electronics and Mirae Asset Group said Friday they have agreed to create a fund to invest in promising startups both at home and abroad as part of their efforts to find new business opportunities.

IT | 2021-04-30 17:07

KOTRA, Ministry of Justice join forces to prevent international investment disputes

Korea Trade-Investment Promotion Agency (KOTRA) has forged a partnership with the Ministry of Justice to deal with potential investor-state disputes, the state-run trade promotion agency said Friday.

Manufacturing | 2021-04-30 15:29

Samsung Group to minimize changes in governance

Samsung Group's ownership structure looks to be less affected by the over 12 trillion won in inheritance tax on the late Chairman Lee Kun-hee's fortune as his heirs are seeking to take out bank loans to pay the due taxes.

IT | 2021-04-29 17:13

Lee Jae-yong forecast to take father's shares to tighten grip

Samsung Group announced Wednesday that the heirs of the late Chairman Lee Kun-hee will pay over 12 trillion won ($10.8 billion) in inheritance tax over the next five years, but did not detail the allocation of his shares in the group affiliates - including the crown jewel, Samsung Electronics - to his children.

IT | 2021-04-28 16:36

Samsung, NPEs eyeing LG's 5G patents

Samsung Electronics and some non-practicing entities (NPEs) have shown interest in buying or using LG Electronics' fifth-generation (5G) mobile patents after LG announced in early April it was shutting down its money-losing mobile phone business, industry sources said Tuesday. “A lot of NPEs have approached LG Electronics for the possible acquisition of its 5G mobile patents,...

IT | 2021-04-27 17:16

Samsung Biologics expands drug manufacturing with TG Therapeutics

Samsung Biologics has renewed its contract-based manufacturing deal to produce more drugs for U.S.-based biopharmaceutical company TG Therapeutics, the company said Monday.

Manufacturing | 2021-04-26 16:37

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