Articles by Jo He-rim
Jo He-rim
herim@heraldcorp.com-
LG sets up $100m global startup investment fund with Clearbrook
LG Electronics said Thursday it has forged a strategic alliance with Clearbrook, a global investment advisory and asset management, to collaborate on a venture capital fund targeting more than $100 million. The venture capital fund, dubbed Nova Prime Fund, is aimed at fostering companies advancing innovations to build a better future, and will be investing in those participating in the Mission for the Future Program sponsored by LG Electronics' North America Center for Innovation, LG said.
Industry Aug. 3, 2023
-
[KH explains] Japan’s reviving chip industry unlikely to pose direct threat to Korea – for now
Japan, which supplied more than half of semiconductors in the global market in the 1980s, is now seen revamping its strategy to reclaim past glory, introducing state subsidies and setting an ambitious goal to mass produce the most cutting-edge chips. As geopolitics is playing out to reshape the global semiconductors industry -- mainly the intense rivalry between the US and China -- eyes are on whether Japan will come to take a meaningful share in the market, where competition is already fierce.
Industry Aug. 1, 2023
-
SK highlights groupwide outreach in 2023 report
SK Inc., the strategic investment holding company of South Korea’s second-largest conglomerate SK Group, published its annual environmental, social and governance reports Monday, including details of the company’s business management and climate-related finance plans. The company said it has released three such reports: the sustainability report carrying the company’s ESG management strategy; the Task Force on Climate-Related Financial Disclosure with the company’s climat
Industry July 31, 2023
-
LG upbeat about automotive biz
LG Electronics, a leading home appliance supplier, said Thursday it has achieved the highest second-quarter revenue in company history at 19.9 trillion won ($15.6 billion), overcoming the sluggish demand situation the world’s consumer appliance market is experiencing. Backed with overall growth in its business portfolios, especially automotive parts and electric vehicles, LG said it will expand investment and build new manufacturing facilities overseas. In a regulatory filing, the tech gia
Industry July 27, 2023
-
Samsung logs W4.3tr profit loss in chips, predicts recovery in H2
Samsung Electronics, the world’s largest memory chip maker, said Thursday it will further slash memory chip production and gear up to respond to the rising demand for artificial intelligence-related chips, as its chip business reported a consecutive drop in operating profit for the second quarter this year. In a regulatory filing, Samsung reported it achieved 60 trillion won ($47.1 billion) in consolidated revenue in the April-June period, down 6 percent from the previous quarter and 22.3
Industry July 27, 2023
-
[팟캐스트] (518) 교권침해 사례 분출, 교사들도 보호가 필요하다 / '코스모스' 저자 딸 사샤 세이건, "우주에서도 책임감 가져라"
진행자: 조혜림, Naomi Ng 1. ‘Like students, teachers deserve protection of their rights in schools’ 기사요약: 서울 서초구 초1 교사 사망사건 이후 그간 방치되어 온 교권침해 사례들이 수면 위로 올라왔다. 현장 교사들은 그간 겪었던 고충을 쏟아내며 교권 강화를 위한 법적 대책 마련을 촉구한다. [1] Koh, a 23-year-old elementary teacher with two years of experience working at an elementary school in Busan, had a sixth-grade male student in her class last year who inflicted harm on himself in front of his peers, vomited every morning in class, skipped classes and assault
Podcast July 27, 2023
-
SK hynix remains in red for 3rd consecutive quarter
SK hynix, the world’s second-largest memory chip maker, reported an operating loss of 2.8 trillion won ($2.1 billion) in the second quarter of this year, falling into the red for the third consecutive quarter amid a severe market downturn. While the quarterly loss is the second-largest since SK Group acquired the chipmaker in 2012, the company said earnings are on track for recovery with market demand increasing for high-value-added chips related to artificial intelligence technology. In a
Industry July 26, 2023
-
LG’s upgradable home appliances to make global debut next year
LG Electronics introduced the new and improved version of its home appliance brand Tuesday to offer "hyperpersonalized" user experiences, raising connectivity and offering new subscription services to make doing household chores easier. Presenting the enhanced plan for the brand UP Appliance 2.0 to expand its business portfolio into nonhardware services and subscription services in Korea, the tech giant said it will be launching the upgraded brand overseas from next year. "UP Appl
Industry July 25, 2023
-
Public affairs strategies reshaping at chaebol groups
South Korea’s top four chaebol groups are gearing up to secure supply chain resilience and salvage their global businesses from the rising geopolitical uncertainties reshaping industrial dynamics. From expanding their public affairs organizations to hiring seasoned ex-government officials, the conglomerates are coming up with measures to minimize the impacts of increasingly protectionist policies around the world, especially in the US and Europe. Their spending on lobbying activities has
Industry July 17, 2023
-
[KH Explains] SK hynix, Samsung compete head-on for HBM leadership
Competition is heating up between Samsung Electronics and SK hynix to take the lead in the next-generation High Bandwidth Memory chip market, which holds great potential for growth with the rise of artificial intelligence and high-performance computing. Even though the market is still in its nascent stage, the world’s top two memory chip makers have already started a war of nerves, each claiming they take the majority of the market share. High Bandwidth Memory or HBM is a new type of DRAM
Industry July 17, 2023
-
LG Electronics sets sights on W100tr in sales by 2030
LG Electronics announced Wednesday its vision to transform into a "smart life solutions company" to expand customer experience, to take a leap from its core identity as a top home appliance brand. The tech giant also set the goal to achieve a global annual revenue of 100 trillion won ($77.5 billion) by 2030, and vowed to invest 50 trillion won to drive the growth. "LG will continue to pursue its bold vision to transform and leap forward as a smart life solutions company that con
Industry July 12, 2023
-
SK hynix becomes sole Dram supplier for Apple's Vision Pro headset
SK hynix, the world’s second-largest memory chipmaker, has been named the sole chip supplier for Apple’s Vision Pro virtual reality headset, according to industry sources Tuesday. Even though the chipmaker declined to confirm the deal, sources said the company will provide a dynamic random access memory, or DRAM, customized for the brand-new Apple gear. “We cannot provide comments related to our clients,” an SK hynix official said. The special type of DRAM chip is reporte
Industry July 11, 2023
-
Samsung Electronics predicts Q2 profit to plunge 96%, hitting 14-year low
Samsung Electronics has predicted an operating profit of 600 billion won ($458.5 million) for the April-June period, a 96 percent plunge to what would be the lowest quarterly earnings in 14 years, amid a severe global downturn in the chip industry. Releasing its earnings guidance on Friday for the second quarter this year, the tech giant said its consolidated sales is expected to be approximately 60 trillion won, down 22.3 percent on-year. As for the operating profit, the estimate is the worst s
Industry July 7, 2023
-
LG Electronics estimates highest Q2 revenue of W19.9tr
LG Electronics reported Friday it expects its second-quarter revenue to increase 2.7 percent to 19.9 trillion won ($15.2 billion) year-on-year, the highest figure for the April-June period in the company’s history. Its operating profit is expected to jump 12.7 percent on-year to 892.7 billion won, which would be the second highest Q2 record for the firm. Releasing its preliminary earnings results for the April-June period, LG attributed its record earnings to its efforts to improve the fun
Industry July 7, 2023
-
LG sets up R&D unit for TV business in Indonesia
LG Electronics said Thursday its home entertainment business division had set up its first research and development unit in Indonesia, completing a comprehensive business operation from product development to manufacturing and sales. The new facility spanning 40,000 square meters is located 3.5 kilometers from LG’s TV production plant in the Cibitung area,and some 40 kilometers from Jakarta where the tech giant operates a sales unit. LG said the new R&D unit will help not just improve
Industry July 6, 2023
Most Popular
-
1
Exports to US reach all-time high, widen gap with China
-
2
Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
-
3
[Music in drama] Rekindle a love that slipped through your fingers
-
4
S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
-
5
[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
-
6
Opposition-led Assembly unilaterally passes bill to probe Marine's death
-
7
Seoul Metro to seek legal action against malicious complaints
-
8
Illit, mired in controversy, remains on Billboard charts for 5th week
-
9
On May Day, labor unions blast Yoon's foreign nanny proposal
-
10
[KH Explains] Will alternative trading platform shake up Korean stock market?