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Articles by Oh Chan-jong
Samsung Galaxy Z Fold8 gains sales momentum after iPhone Duo debut
Samsung Galaxy Z Fold8. (Samsung Electronics) Samsung Electronics Co.’s Galaxy Z Fold8 has posted double-digit sales growth in South Korea despite the launch of Apple Inc.’s iPhone Duo. According to the telecommunications industry Tuesday, domestic sales of the Galaxy Z Fold8 rose more than 20 percent in the week following the iPhone Duo’s launch compared with the previous week. The two devices have similar screen sizes but differ in price and portability.
Korea fines Google, Apple $47 mn over in-app payment practices
The Korea Media and Communications Commission (KMCC) has finalized fines totaling 63.71 billion won ($47.42 million) against Google LLC and Apple Inc. over their in-app payment practices. At a meeting Wednesday, the commission found that the companies violated the law by requiring developers to use specific payment methods and unduly delaying app reviews. It also found that Apple charged domestic developers discriminatory commission rates.
Samsung fined 20 bn won over misleading Galaxy performance ads
South Korea’s antitrust regulator has decided to impose a fine of more than 20 billion won ($15.1 million) on Samsung Electronics for allegedly misleading consumers by promoting the gaming performance of its Galaxy smartphones and tablets without disclosing that their processing power could be restricted when running demanding games.
Samsung Wallet to add WeChat Pay to tap China’s QR payment market
Samsung Electronics Co. is partnering with Chinese technology giant Tencent Holdings Ltd. to expand its overseas QR payment business by integrating WeChat Pay into Samsung Wallet. According to industry sources on Tuesday, Samsung Electronics and Woori Bank are set to sign a memorandum of understanding with Tencent, the operator of WeChat Pay, later this month to introduce a QR payment system.
Maeil Business Newspaper Korea's No. 1 Economic Media
The late Jung Jin-gi, founder of Maeil Business Newspaper A memorial service marking the 45th anniversary of the death of Jung Jin-gi, founder of Maeil Business Newspaper, was held on the morning of the 17th at his gravesite in Gongse-ri, Gaegun-myeon, Yangpyeong-gun, Gyeonggi Province. Chang Dae-whan, chairman of Maekyung Media Group, attended the ceremony along with bereaved family members and employees of the group.
Maeil Business Newspaper Korea's No. 1 Economic Media
Oh Chan-jong's Daily New York: Bending Spoons Edition Bending Spoons, which debuted on the U.S. Nasdaq Stock Market on the 1st local time There are brands that once dominated the internet but were pushed aside by Big Tech and faded into memory. They include AOL Inc. (AOL), the iconic name of early web surfing, Evernote, the must-have note-taking app for workers around the world, and Vimeo, the video platform that was once a playground for creators.
Maeil Business Newspaper Korea's No. 1 Economic Media
AOL's early service screen There are brands that once dominated the internet but faded from memory after losing ground to big tech. They include AOL, the symbol of early web surfing, Evernote, the must-have note-taking app for office workers around the world, and Vimeo, the video platform that was once a playground for creators. A company has been scooping up these aging apps, once dismissed as relics and left to die.
Maeil Business Newspaper Korea's No. 1 Economic Media
Wall Street is buzzing this week as word spreads that Reformation, a brand beloved by global stars, is preparing to go public. Major local outlets, including The Wall Street Journal, reported that Reformation is preparing to launch an Initial Public Offering (IPO) this summer. The company is expected to file confidentially for an IPO within the month and could aim to list as early as next month.
Samsung Electronics opens U.S.flagship store with Ashley Furniture
South Korea’s tech giant Samsung Electronics Co. announced on Tuesday that it partnered with Ashley Furniture Industries LLC, the largest furniture brand in the United States, to open a flagship store in Nashville, Tennessee. The duo’s first flagship store, Samsung SmartThings Home at Ashley, integrates furniture with smart home appliances and devices. Customers can experience a smart home environment and purchase furniture and home appliance products.
LG Group goes all-out to nurture auto parts sector as new growth engine
South Korea’s LG Group has set its eyes on the automotive parts business as a new growth engine, with its key executives making visits to the headquarters of global auto manufacturers. In March, executives from LG Group subsidiaries visited the headquarters of Mercedes-Benz Group AG in Stuttgart, Germany. They are scheduled to visit Toyota Motor Corp.‘s headquarters in Aichi Prefecture, Japan, in September to hold a closed-door LG Tech Day. The upcoming event is expected to be attended by LG Corp.
Samsung likely to supply image sensors for Apple’s iPhone in 2026
Samsung Electronics Co. could supply image sensors for Apple’s iPhone for the first time. In a report published on Thursday, TF International Securities analyst Ming-chi Kuo predicted that the iPhone will be equipped with Samsung Electronics‘ complementary metal oxide semiconductor (CMOS) image sensors from 2026 onwards.
Samsung Electro-Mechanics to supply advanced substrates to AMD
Samsung Electro-Mechanics (SEM) Co., an electronic component manufacturing company under South Korea’s Samsung Group, will supply high-specification semiconductor substrates for servers to U.S. chip designer Advanced Micro Devices Inc. (AMD). The supply comes more than two years after Samsung Electro-Mechanics invested 1.9 trillion won ($1.37 billion) in the flip-chip ball grid array (FC-BGA) substrate.
Samsung Electronics acquires U.K.-based knowledge graph startup
South Korea’s tech giant Samsung Electronics Co. has acquired a U.K. startup specializing in knowledge graph technology, a move seen as designed to combine the technology with its on-device artificial intelligence (AI) to offer differentiated personalized AI services. Samsung Electronics announced on Thursday that it has signed an agreement to acquire Oxford Semantic Technologies Ltd., a U.K.-based AI startup. The company did not disclose the size of the acquisition.
Samsung to invest more capital as chip recovery confidence grows
Samsung Electronics Co. plans to explore a shift back to an increase in capital investment away from production cuts as it has become confident of a recovery in chips. According to industrial sources familiar with the South Korean chip giant on Tuesday, Samsung Electronics started ordering NAND flash equipment for its P4 plant in Pyeongtaek, Gyeonggi Province. The plant has been under construction and is expected to be completed by the end of 2024.
LG Electronics celebrates 1st anniversary of Future Vision 2030
LG Electronics Inc. is showing tangible results in its businesses as it celebrates the first anniversary of the Future Vision 2030 announced by its Chief Executive Officer Cho Joo-wan last year. Over the past year, LG Electronics has achieved tangible results through business portfolio transition, including new business models with over 1 trillion won ($728 million) in sales.
SK hynix, TSMC, and Nvidia unite at Semicon Taiwan
South Korea’s leading memory chip maker SK Hynix Inc. is set to deepen its collaboration with Taiwan Semiconductor Manufacturing Company Ltd. (TSMC) and Nvidia Corp. as the global race for artificial intelligence (AI) semiconductor intensifies. Industry sources indicated on Tuesday that SK Hynix will announce its plan to better cooperate with Nvidia at Semicon Taiwan, a prominent semiconductor forum, in September 2024.
LG Electronics launches home ventilation subscription service
LG Electronics Inc. launched a subscription-based premium home ventilation system, the company said on Monday.
Samsung sets up HBM development team to secure leadership
[Graphics by Song Ji-yoon] South Korean chipmaker Samsung Electronics Co. has newly established a team dedicated to high-bandwidth memory (HBM) chips as part of an organizational restructuring. The move comes just over a month after Vice Chairman Jun Young-hyun took over as head of Device Solutions (DS) Division to lead the company’s semiconductor business.
Samsung to raise DRAM, NAND prices by over 15%: Sources
South Korea’s tech giant Samsung Electronics Co. will raise the prices of server-use DRAM and corporate-use NAND flash memory chips by 15~20 percent in the third quarter. The hike comes in response to a surge in demand for memory chips driven by artificial intelligence (AI). It is expected to enhance Samsung Electronics’ second-half performance. According to industry sources on Wednesday, Samsung has recently informed its major customers, including Dell Technologies Inc.
Samsung Electronics to revamp home appliance lineup
Samsung Electronics Co. has decided to revamp its global home appliance lineup to enhance profitability. During a strategy meeting involving Samsung Electronics’ digital appliance and visual display divisions in Suwon, Gyeonggi Province, on Wednesday, the company discussed strategic measures for the second half of this year. Key topics were built-in furniture, air conditioning, and other new businesses, as well as streamlining the global home appliance lineup.
Hyundai, LG strengthen extend collaboration to EV parts
Hyundai Motor Group has reportedly equipped its electric vehicles (EVs) with motor parts supplied by LG Group, the first time the automaker has sourced EV components from a major Korea company other than its affiliate Hyundai Mobis Co. Industry sources revealed on Tuesday that Kia Corp.
Samsung’s new Galaxy products to use MediaTek, Qualcomm APs
South Korean tech giant Samsung Electronics Co. is expected to use mobile application processors (APs) from the U.S.’s Qualcomm Inc. and Taiwan’s MediaTek Inc. for its upcoming mobile devices. The move could slow the expansion of Samsung‘s own AP, Exynos, which saw a resurgence with its inclusion in the Galaxy S24 series earlier in 2024. According to industry sources on Monday, the MediaTek Dimensity 9300+ AP is likely to be included in the Galaxy Tab S10 Plus, which is slated for release in 2025.
Samsung Electronics, SK hynix expands chips competition
The demand for artificial intelligence (AI) memory semiconductors is expanding beyond the server market to the portable device market, including laptops. With the release of the specifications for Nvidia Corp.’s next-generation AI chip for laptops, memory companies are competing to begin mass production.
U.S. Proxense files patent lawsuit against LG Electronics
Proxense LLC, a U.S. biometrics solutions provider, has filed a patent lawsuit against LG Electronics Inc., raising concerns over patent risk among South Korean companies.
Samsung chief Jay Y. Lee in U.S. to bolster global network
Jay Y. Lee, executive chairman of Samsung Electronics Co., has embarked on a two-week trip to the United States to strengthen the company’s global network amid business challenges at home and abroad. According to Samsung Electronics, Lee departed for the U.S. on May 31. His itinerary includes New York, Washington D.C. and Silicon Valley. The company said the trip is “tightly scheduled” and will last until mid-June.
DB HiTek to expand specialized image sensors portfolio
DB HiTek, a semiconductor foundry and made-to-order company in South Korea, announced on Monday that it plans to develop a specialized process for next-generation image sensors by the end of 2024. The company aims to expand its portfolio in the niche image sensor market, focusing on technologies including the global shutter.
Semiconductor foundries near 2nm launch, race intensifies
With the commercial launch of next-generation 2nm process technology less than a year away, the competition among semiconductor foundry companies to take the lead has intensified. According to industry sources on Monday, TSMC recently updated its partners on the progress of its 2nm technology development, saying that the process is going smoothly and that mass production is slated for the second half of 2025.
LG Electronics‘ subscription business gains traction
South Korean tech giant LG Electronics expects its subscription business to top 1 trillion won ($723.02 million) in sales in 2024 as it expands its subscription service with the launch of new products and active overseas expansion. LG Electronics announced the release of the ‘LG Dios Objet Collection Stem,’ a new refrigerator with a subscription service, on Sunday.
LG Innotek uses AI to reduce camera module defects by 90%
LG Innotek Co. has successfully managed to reduce the defect rate of high-spec camera modules using artificial intelligence technology, the company announced on Thursday. Since it began developing an AI-powered processing tool to predict process defects in 2021, LG Innotek has created its own AI process tool by training it on vast amount of data points related to the camera module process.
LG Electronics to supply cooling system to U.S. data center complex
LG Electronics Inc. will provide its cooling system to a large data center in the United States, a move that will expand its presence in the bourgeoning artificial intelligence (AI) sector.
Yoon unveils $19 bn support program for chip industry
South Korean President Yoon Suk Yeol unveiled a 26 trillion won ($19 billion) support plan for the country's semiconductor industry on Thursday, as the global competition to attract high-tech industries intensifies.
Yoon unveils $19 bn support program for chip industry
South Korean President Yoon Suk Yeol unveiled a 26 trillion won ($19 billion) support plan for the country’s semiconductor industry on Thursday, as the global competition to attract high-tech industries intensifies.
Samsung appoints leader for semiconductor division
South Korea's Samsung Electronics Co. appointed Jun Young-hyun, vice chairman and head of its future business division, as the new head of its device solutions (DS) division responsible for semiconductors. The surprise reshuffle announced on Tuesday comes as the tech giant's semiconductor business faces a crisis.
Global chip tech race heats up thanks to 3nm process
The world's chip tech race is getting intense as leading chip manufacturers move towards adopting the 3nm process for application processors (APs), the core chips in smartphones. Qualcomm is set to release the fourth generation of its Snapdragon 8 chip as early as September 2024.
Global chip tech race heats up thanks to 3nm process
The world‘s chip tech race is getting intense as leading chip manufacturers move towards adopting the 3nm process for application processors (APs), the core chips in smartphones. Qualcomm is set to release the fourth generation of its Snapdragon 8 chip as early as September 2024.
Everland's Rose Festival to kick off on May 17
Everland, South Korea's largest theme park operated by Samsung C&T Corp. will kick off its Rose Festival on Friday, displaying 3 million roses of 720 varieties. The Rose Festival began its journey as the country's first flower festival in 1985. The event opened the doors to about 70 flower festivals hosted by regional governments and companies. This year's gala, which will be held until June 16, will present Everose, a rose species developed by Everland.
Korea mulls $7.3 bn chip support package
Deputy Prime Minister Choi Sang-mok, tours HPSP‘s semiconductor production line in Hwaseong-si, Gyeonggi Province, with CEO Kim Yong-woon on May 10, 2024. [Photo provided by Ministry of Economy and Finance] As the competition among major countries to attract advanced industries escalates, the South Korean government is planning a semiconductor industry support package worth 10 trillion won ($7.3 billion) or more, focusing on support for the materials, components, equipment, and fabless sectors.
Korea mulls $7.3 bn chip support package
As the competition among major countries to attract advanced industries escalates, the South Korean government is planning a semiconductor industry support package worth 10 trillion won ($7.3 billion) or more, focusing on support for the materials, components, equipment, and fabless sectors. Deputy Prime Minister and Minister of Economy and Finance Choi Sang-mok unveiled the support measures during a meeting with chip exporters on Friday.
TV giants unveil ultra-sized, trablnsparent displays
Ultra-premium TV screens boasting expansive sizes of 100 inches or larger and top-notch 8K-grade image quality are hitting the market in South Korea. Domestic giants such as Samsung Electronics Co. and LG Electronics Inc. are spearheading the premium market while competing against their Chinese counterparts. Samsung Electronics, for example, unveiled a staggering 114-inch model priced at 180 million won ($132,352) on Tuesday.
U.S. SiOnyx files patent suit against Samsung Electronics
SiOnyx LLC, a U.S. image sensor specialist, has filed a patent lawsuit against Samsung Electronics Co. According to industry sources on Monday, SiOnyx has filed six patent infringement lawsuits against Samsung Electronics‘ latest smartphones, including the Galaxy S24, and its image sensor, ISOCELL, with the U.S. District Court for the Eastern District of Texas.
U.S. SiOnyx files patent suit against Samsung Electronics
SiOnyx LLC, a U.S. image sensor specialist, has filed a patent lawsuit against Samsung Electronics Co. According to industry sources on Monday, SiOnyx has filed six patent infringement lawsuits against Samsung Electronics' latest smartphones, including the Galaxy S24, and its image sensor, ISOCELL, with the U.S. District Court for the Eastern District of Texas.
Samsung to more than triple HBM supply
Samsung Electronics Co. reaffirmed its production plan for HBM3E 12-stack products in the second quarter of 2024 on Tuesday, in line with its aim to accelerate its presence in the HBM market. The South Korean tech giant is seen to be gaining a competitive edge with high-specification products as the market for generative artificial intelligence (AI) expands.
Korean, Italian designers to collaborate on lacquer furniture
In commemoration of the 140th anniversary of diplomatic relations between South Korea and Italy, a furniture exhibition showcasing collaborations between designers from both countries is set to open in Italy. On Monday, the Oriental Culture & Design Center (OCDC) of Kookmin University announced it would jointly host the “2024 DBEW (Design Beyond East and West) Exhibition” with ADI Design Museum Milan.
Korea's chip incentives lag behind U.S., Japan: KSIA
South Korea's incentives for semiconductor investment have been found to be only 22 percent of the level in the United States and 15 percent in Japan, data showed on Monday. The figures come at a time when major countries around the world are engaged in a fierce competition for incentives for large-scale investments.
LG Electronics aims beyond $737 mn in sales with LG webOS
LG Electronics Inc. is making significant strides with its new operating system, LG webOS, aiming to top 1 trillion won ($737 million) in sales for 2024 through its content and service ventures. Recent industry forecasts on Monday found that the webOS is expected to generate more than 1 trillion won in sales for 2024, with LG Electronics Chief Executive Cho Joo-wan expressing confidence in the platform at a shareholders' meeting in March 2024.
Samsung reveals 2024 Bespoke AI home appliances
South Korean tech giant Samsung Electronics Co. unveiled its 2024 line of Bespoke AI home appliances as a part of its strategy to lead the era of artificial intelligence (AI) home appliances. "We will complete our 'AI for All' vision via various smart home devices that consumers can use at home," Han Jong-hee, vice chairman and head of the Device eXperience (DX) division at Samsung Electronics, said during the "Welcome to BESPOKE AI" media event in Seoul on Wednesday.
Customer value pioneers recognized at 2024 LG awards
LG Group empowered employees who provided experiences beyond customer expectations through differentiated values and celebrated these achievements at its annual internal awards. The South Korean conglomerate held the 2024 LG Awards on Tuesday, encouraging and showcasing achievements in products, technology and services that enhanced customer value over the past year.
SK hynix to invest $3.87 bn in U.S. chip packaging plant
South Korean chipmaker SK hynix Inc. will invest $3.87 billion to build an advanced packaging plant in Indiana, the United States, and aims to produce high bandwidth memory (HBM) products at the facility from 2028 onwards.
Samsung mulls raising enterprise SSD prices by up to 25%
[Graphics by Song Ji-yoon and Lee Eun-joo] Samsung Electronics Co. plans to increase corporate-use solid-state drive (SSD) prices by up to 25 percent in the second quarter of 2024 compared to the first quarter, sources said on Monday.
Samsung mulls raising enterprise SSD prices by up to 25%
Samsung Electronics Co. plans to increase corporate-use solid-state drive (SSD) prices by up to 25 percent in the second quarter of 2024 compared to the first quarter, sources said on Monday.
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