Articles by Jie Ye-eun
Jie Ye-eun
yeeun@heraldcorp.com-
Samsung's mobile chief confident about new Galaxy S series
Samsung Electronics’ mobile chief on Wednesday expressed his ambition to set new performance standards for premium smartphones with the upcoming Galaxy S series at its annual unpacking event next month. Roh Tae-moon, president and head of Samsung Electronics’ mobile experience business, said in a blog post that there is no better example of Samsung delivering on its vision than the Galaxy S series. “We believe mobile technology can be the catalyst to enrich people’s lives
Technology Jan. 18, 2023
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[Photo News] Coming soon
Samsung Electronics said Tuesday it will open Galaxy experience zones in 24 cities around the world, including San Francisco, London, Paris, Singapore and Dubai of the United Arab Emirates, next month. It is the follow-up event to its annual unpacking event for its new flagship Galaxy devices, which is slated to take place in San Francisco on Feb. 1. The venues will allow visitors to explore Samsung's newly unveiled devices and innovations such as its exciting new camera features. The Galax
Technology Jan. 17, 2023
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Apple Watch may offer ovulation tracking in Korea
Apple is seeking ways to make the cycle tracking application featured in its latest Apple Watch series available for users in Korea. The US tech giant recently reached out to South Korean authorities to ask for a regulatory sandbox approval, according to industry sources Tuesday. Apple Korea inquired with the Ministry of Science and ICT about the process of using a regulatory sandbox system, a measure that temporarily exempts the enforcement of regulations on new products or services for a certa
Technology Jan. 17, 2023
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SK, UAE sovereign wealth fund to create carbon credit market
SK Group, South Korea’s semiconductor-to-telecommunications conglomerate, said Monday it had signed a partnership deal with the United Arab Emirates’ sovereign wealth fund to tackle climate change together by establishing a carbon credit market in Asia. SK Group Chairman Chey Tae-won, who doubles as chairman of the Korea Chamber of Commerce and Industry, signed a memorandum of understanding with Khaldoon Khalifa Al Mubarak, CEO and managing director of the Mubadala Investment Compa
Industry Jan. 16, 2023
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Global chipmakers to invest over $300m in AI-designed chips this year
The world’s leading semiconductor companies will likely spend more than $300 million in the development of artificial intelligence (AI) to help design semiconductors faster this year as a global chip shortage continues to put a strain on demand, Deloitte Korea said Friday in its report. According to the report, global chipmakers such as Samsung Electronics, Intel and Qualcomm are expected to invest this amount in AI design tools for chips. By growing 20 percent annually for the next three
Technology Jan. 13, 2023
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Samsung to unveil Galaxy S23 on Feb. 1 in San Francisco
Samsung Electronics on Wednesday sent out invites to its annual unpacking event for its new flagship Galaxy devices that will take place in San Francisco at 10 a.m. on Feb. 1. Entitled “Galaxy Unpacked 2023: Share the Epic,” the event will be held in person for the first time in three years since the pandemic. It will also be livestreamed from Seoul through Samsung’s newsroom and homepage, as well as its official YouTube channel, the officials said. “A new era of Galaxy i
Technology Jan. 11, 2023
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SK to host San Francisco biopharma networking event
SK Inc., the investment arm of SK Group, said Tuesday it will co-host a networking event with the group’s biopharmaceutical affiliates including SK biopharmaceuticals and SK pharmteco to expand its global partnerships in the US, the world’s largest bio and pharmaceutical market. The event, titled “SK Bio Night,” will take place at the Four Seasons Hotel in San Francisco on Wednesday. About 100 executives from some 50 companies -- including SK’s biopharma firms, the
Industry Jan. 10, 2023
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Broadcom pledges W20b corrective measures for abusing market power
US chipmaker Broadcom has voluntarily come up with corrective measures, including a fund of 20 billion won ($16.1 million), to support the local chip industry amid an ongoing antitrust probe into the company's alleged abuse of power against Korean clients, including Samsung Electronics. On Monday, South Korea's Fair Trade Commission unveiled the measures tentatively agreed upon with Broadcom. In August last year, the FTC accepted the US company’s request to submit corrective me
Industry Jan. 9, 2023
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LG Electronics’ Q4 operating profit estimated to nose-dive 91%
LG Electronics said Friday it expected its 2022 fourth-quarter operating earnings tumbled more than 91 percent from a year prior, amid its home appliance unit’s sluggish performance coupled with global recession woes. LG estimated operating profit for the October-December period came in at 65.5 billion won ($51.6 million), down 91.2 percent from the same period a year before, according to the company’s earnings guidance. It would be the first time in four years for South Korea’
Technology Jan. 6, 2023
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Samsung Electronics' Q4 operating profit set to plunge nearly 70%
Samsung Electronics predicted Friday that its 2022 fourth-quarter operating profit would plummet 69 percent from a year earlier, as its main semiconductors business faced major headwinds from weakening demand for chips and home appliances amid recession woes. In its earnings guidance, the South Korean tech giant estimated its October-December operating profit to be 4.3 trillion won ($3.4 billion), down from 13.87 trillion won a year prior. The figure was lower than the consensus 6.93 trillion wo
Technology Jan. 6, 2023
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[CES 2023] LG's OLED tech marks 10th anniversary
LAS VEGAS -- In celebration of the 10th year of launching LG’s first organic light emitting diode (OLED) TVs, LG Electronics and LG Display jointly celebrated the big day in Las Vegas, Wednesday. With some 150 people of the companies’ executives and staff members, industry officials and experts joining the event, the LG subsidiaries looked back on the past decade of their OLED history and shared their visions for the future directions of display technology developments. After overcom
Technology Jan. 5, 2023
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[CES 2023] LG Innotek to show off self-driving tech at CES
LAS VEGAS -- LG Innotek said Thursday it will showcase a series of its latest innovative technologies and products related to autonomous driving and the metaverse at the Consumer Electronics Show 2023 set to be held from Thursday to Monday in Las Vegas. It will mark the first time the electronics component manufacturer opens a booth to the public at the annual event, the world’s largest tech convention. Previously, the company had only invited clients to introduce new products. In line w
Technology Jan. 5, 2023
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[KH Explains] Will hefty tax breaks be Korean chipmakers’ savior?
The South Korean Finance Ministry on Tuesday proposed a plan to further expand tax breaks for the semiconductor industry to the world’s highest level amid escalating competition among chip powerhouses globally. The local industry hailed the decision as indicating the government’s renewed commitment to boosting the crucial chip industry, but uncertainties remain about its effectiveness, and whether it will be approved in parliament. “It is true that the revision comes belatedly,
Industry Jan. 4, 2023
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Tesla slapped with W2.85b in fines for misleading ads
South Korea’s antitrust regulator said Tuesday it is imposing a fine of over 2.85 billion won ($2.23 million) on US electric vehicle maker Tesla and Tesla Korea for deceiving local consumers with false and exaggerated advertisements. The penalty on Tesla is assessed for advertising its battery performance on its official website here dating to August 2019 for exaggerating that its electric vehicles can drive more than its driving range on a single charge, the Fair Trade Commission said. Ci
Industry Jan. 3, 2023
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‘Seize chances to thrive in times of crisis’
By Business Desk New opportunities can arise from out of crises. Chiefs of Korea's top conglomerates are banking on words of wisdom for the year ahead as businesses face an age of relentless changes stemming from geopolitical conflicts, inflationary pressures and a recessionary environment. To overcome factors dragging on business activities, uncovering their own path to thrive for growth has become more important than ever as traditional approaches and paradigms have been challenged. In
Industry Jan. 2, 2023
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