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Fri, January 21, 2022 | 16:44
New Kakao CEO faces daunting tasks
Namkoong Whon, the newly appointed chief executive of Kakao, faces a range of daunting tasks to restore the trust of its customers and shareholders, as the operator of the nation's top mobile messenger has been grappling with the alleged abuse of its market dominance and falling stock prices after the exercise of stock options by top company managers, according to market anal...
Companies intensifying industry-academia partnerships to foster talent
Samsung and other companies are increasing their cooperative projects with universities by sponsoring schools to launch new majors and offering job opportunities to incoming students, with emerging technologies such as battery, telecommunications, display and artificial intelligence (AI) expected to become major revenue sources.
MS-Blizzard deal prompts Korean game firms to seek more metaverse M&As
Nexon, NCSOFT, Netmarble and other Korean game companies are expected to seek more mergers and acquisitions (M&As) in metaverse- and non-fungible token (NFT)-related businesses, sparked by Microsoft's latest $68.7 billion takeover of U.S. game maker Activision Blizzard, according to industry analysts Thursday.
Samsung battling TSMC, Intel to be global leader in foundry business
Samsung Electronics is facing growing competition with its rivals in the foundry business, as TSMC and Intel are expanding their investments in the rapidly growing, contracted semiconductor producing sector. TSMC recently revealed that it plans to invest between $40 billion and $44 billion this year alone, a move to solidify its leadership position in the foundry business. In...
LG Chem advances into plastic waste recycling, eyes replacing fossil fuels
LG Chem is venturing into the chemical recycling of plastic waste as part of its efforts to join the global movement to reduce plastic waste and carbon emissions, the company said Tuesday.
Consumers dissatisfied with low 5G quality
Korea's major telecommunications companies - SK Telecom, KT and LG Uplus - are forecast to disclose upgraded earnings for the fourth quarter of 2021 thanks to increased numbers of subscribers to 5G networks, but criticism is growing as many consumers feel the quality of their 5G services is still below expectations in terms of speed and coverage.
Will LG Chem rebound without EV battery division?
LG Chem has been attracting attention from both investors and industry analysts over whether it will be able to retain corporate value after its key battery division, LG Energy Solution (LGES), goes public on Jan. 9.
Samsung's new Galaxy phones to see price hike due to chip shortages
Samsung Electronics is scheduled to release its latest Galaxy S smartphone next month. However, due to the supply shortage of semiconductors, the company is expected to raise the price of the flagship smartphone.
HDC chief's leadership in crisis due to Gwangju accident
Chung Mong-gyu, the chairman of HDC Group, is enmeshed in his biggest leadership crisis in the 23 years since he took office in 1999, as the group's crown-jewel apartment construction business has come under fire, after two building collapse incidents that occurred in Gwangju on June 9, 2021 and this past Jan. 11.
Samsung demonstrates world's 1st MRAM-based in-memory computing
Researchers of Samsung Electronics successfully demonstrated magnetoresistive random access memory (MRAM)-based in-memory computing that simultaneously stores and processes data for the first time in the world, which could be utilized later to produce low-energy artificial intelligence (AI) chips, the semiconductor giant said Thursday.
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