Articles by Jo He-rim
Jo He-rim
herim@heraldcorp.com-
Samsung to raise wafer input for R&D
Samsung Electronics, which recently recorded its worst operating profit in the first quarter, is expected to increase its spending to raise wafer input for research and development, according to industry sources on Monday. Kyung Kye-hyun, the CEO in charge of the tech giant’s Device Solutions Division overseeing global memory operations, System LSI, said the company will increase its wafer input to “gain the upper hand in technology for future products,” speaking at a staff bus
Industry May 1, 2023
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Exports decline for 7 consecutive months amid chip slump
South Korea’s exports declined for the seventh consecutive month in April, as the chip industry experienced the worst slump of sagging demand and prices, the Trade Ministry said Monday. The Ministry of Trade, Industry and Energy reported that the country witnessed its outbound shipments decline 14.2 percent on-year to stand at $49.6 billion in April. While inbound shipments also decreased by 13.3 percent to log $52.23 billion, the country's trade landed in the red for the 14th month, loggi
Industry May 1, 2023
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S. Korea calls on US to resolve legal dispute on nuclear reactor export to Czech Republic
South Korean Industry Minister Lee Chang-yang called on the United States to make joint efforts to resolve a legal dispute over Seoul’s potential export of nuclear reactors to the Czech Republic, the Industry Ministry said Friday. Lee raised the issue during a meeting with US Secretary of Energy Jennifer Granholm in Washington on Thursday, on the sidelines of President Yoon Suk Yeol’s state visit. During the talks, the two sides also agreed to strengthen bilateral cooperation on clea
Industry April 28, 2023
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S. Korea, US agree to minimize US CHIPS Act-induced uncertainties
South Korean Industry Minister Lee Chang-yang and US Secretary of Commerce Gina Raimondo agreed to minimize uncertainties and business burdens chipmakers face over the US’ semiconductor subsidy program, Seoul’s Industry Ministry said Friday. The two sides held their first Supply Chain and Commercial Dialogue, or SCCD, in Washington on Thursday and released a joint declaration statement, vowing to work closely together to minimize the impacts of the US’ CHIPS Act and Inflation R
Industry April 28, 2023
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[Herald Interview] Fairfax County ready to support Korean companies expanding into US
Fairfax County of Virginia, one of the major business destinations in the US, is home to 8,800 tech companies, including nine listed on the Fortune 500. South Korea also has a sizeable business community consisting of some 80 companies -- the largest number among Asian countries -- including Dongwon Group, SK Signet, Golfzon and Korea Aerospace Industries. Behind the successful attraction of the big names and multinational businesses stands Fairfax County Economic Development Authority, which se
Industry April 27, 2023
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Korean chip, car industries unassuaged by summit talks
South Korean chip suppliers and automakers have been left unimpressed by the summit between Presidents Yoon Suk Yeol and Joe Biden, after it failed to bring out any tangible measures to ease their concerns over Washington's increasingly protectionist policies. Holding a joint press conference after their summit on Wednesday, the two presidents announced their agreement on strengthening cooperation in advanced technology sectors, including chips, electric vehicles and batteries. But they did
Industry April 27, 2023
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SK hynix suffers record loss in Q1, eyes recovery in Q2
In the wake of escalating competition between the US and China, SK hynix said it is reviewing plans for future operation of its manufacturing facilities in China, as it announced its worst operating profit losses on Wednesday. “We are looking at various factors of long-term geopolitical risks, market demand and operation efficiency to comprehensively review the future operation of our manufacturing plant in China,” Kim Woo-hyun, chief financial officer for SK hynix, said on the ear
Industry April 26, 2023
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Samsung, SK under renewed pressure to join US chip battle against China
South Korean chipmakers are facing increasing pressure amid an intensifying US-China rivalry, as Washington has reportedly requested the Korean government to hold back from filling China's shortfalls in chips. Seoul’s presidential office refused to comment Monday over a report from the Financial Times that the White House had asked the Korean government to urge its chipmakers to "not fill any market gap" in China, if Beijing bans US-based Micron Technology from selling chips
Industry April 24, 2023
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Yoon joined by chaebol leaders on US trip amid concerns of protectionism
South Korea’s top conglomerate chiefs are heading to the US this week to accompany President Yoon Suk Yeol on his state visit, hoping to find a breakthrough in business uncertainties surrounding increasingly protectionist policies in the all-important market. Taking his biggest economic delegation to date in his weeklong state visit to the US from Monday, Yoon is expected to relay the difficulties Korean companies face with the US' introduction of the CHIPS and Science Act and Inflati
Industry April 23, 2023
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Samsung, LG resume talks on OLED partnership
Talks for a rare partnership between Samsung and LG appear to have been resumed recently as Samsung seeks to buy LG panels for its latest OLED TVs for the first time, according to industry sources on Thursday. “The two have resumed related talks ... with an aim to sign a deal by the end of the first half this year,” an industry source said on condition of anonymity. Samsung Electronics is reportedly interested in buying around 200,000 to 300,000 white OLEDs from LG Display, and when
Industry April 20, 2023
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EU Chips Act potential boon for Korean parts makers: ministry
South Korea's Industry Ministry said Wednesday the European Union's version of the Chips Act could provide as an "opportunity" for Korean manufacturers. The European Union agreed Tuesday to pass the 43 billion euro ($47 billion) Chips Act aimed at doubling the bloc's share of global chip output, from the current 9 percent to 20 percent by 2030. Countries around the world, such as the United States, China, Taiwan and South Korea, have been introducing state support progra
Industry April 19, 2023
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LG chief orders to bolster leadership in batteries
LG Group Chairman Koo Kwang-mo inspected the cathode manufacturing plant of LG Chem, the group's chemical arm, on Tuesday, checking on the company's global supply strategy amid rising demand in the electric vehicle market. During his visit to the chemical firm's cathode manufacturing plant in Cheongju in North Chungcheong Province, Koo was briefed on the production and global supply strategy, LG said. “Cathodes are the foundation for securing a competitive edge in the batter
Industry April 18, 2023
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[KH Explains] Is US-China rivalry spilling over to displays?
The rare visit of Chinese President Xi Jinping to LG Display’s local manufacturing facility in China last week came as a surprise to South Korea’s display industry, raising both excitement and concerns over the intention behind the visit amid the intensifying Washington-Beijing tech rivalry. In his visit to the LG plant in Guangzhou, Guangdong Province on Wednesday, Xi underscored how China can provide an excellent ground for foreign businesses to thrive, and expressed hopes for fore
Industry April 16, 2023
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[Photo News] Samsung wins 80 iF Design Awards
Samsung Electronics said Friday its Bespoke Infinite built-in home appliance lineup has snatched a gold award at the International Forum Design Award 2023. This year, the tech giant has won a total of 80 awards -- a record figure -- at the German design competition. (Samsung Electronics)
Industry April 14, 2023
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How Samsung, Hyundai tackle the China dilemma
Amid the escalating US-China rivalry in recent years, South Korea’s conglomerates have struggled to strike a balance in their Chinese business. Even though no immediate breakthrough is seen in geopolitical tensions, Samsung Electronics and Hyundai Motor Group -- the nation’s top makers of smartphones and cars -- are seeking a turnaround in their reduced market shares in China, an all-important market that is too big to ditch. Samsung In its earnings guidance last week, Samsung pred
Industry April 12, 2023
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