Articles by Son Ji-hyoung
Son Ji-hyoung
consnow@heraldcorp.com-
[Photo News] Metaverse cooperation
Ryu Young-sang (left), chief executive officer of South Korean mobile carrier SK Telecom, poses for a photo with NTT Docomo CEO Motoyuki Ii at a signing ceremony on Friday in Seoul. SK Telecom announced Monday it has signed a memorandum of understanding with its Japanese counterpart to seek a strategic partnership in the fields of the metaverse, sixth-generation telecommunication infrastructure and media content development.
Technology Nov. 21, 2022
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Samsung tops global brand ranking, outpacing Google, YouTube
South Korean tech giant Samsung Electronics was ranked the highest in United Kingdom-based market research firm YouGov's annual Global Best Brand Rankings in 2022, data showed Sunday. Of 380 brands in 38 markets including the United States, the UK, China, India and South Korea, Samsung scored 127 points overall to take the top notch, followed by Google's 106 points, YouTube's 85 points, Netflix's 59 points and Shopee's 51 points. The score was based on YouGov's esti
Technology Nov. 20, 2022
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[Newsmaker] Grassroots campaigns emerge to help grieving families of foreign victims
Expat communities in South Korea are rallying behind grieving families of foreign victims of the Itaewon tragedy for whom bringing their loved one home is another ordeal fraught with administrative, financial and language barriers. As of Thursday, only four of the 26 foreign nationals who died in the Oct. 29 crowd crush in Itaewon had been repatriated. Three more are expected to return home Friday, according to the Ministry of Foreign Affairs. South Korea has pledged to treat all 156 victims equ
Social Affairs Nov. 3, 2022
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Samsung's W130tr market cap evaporates in 10 months
Sixteen affiliates of South Korea's No. 1 business conglomerate Samsung have seen a drop in stock market cap by 129.36 trillion won ($90.78 billion) combined during the period of January to October, data showed Tuesday. This means nearly 20 percent of the market cap of the affiliates has evaporated compared to the end of 2021, according to the stock market data compiled by business intelligence Leaders Index. As a result, Samsung's 16 affiliates saw a total market cap of 541.8 trillion wo
Technology Nov. 1, 2022
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SK hynix says Arm stake acquisition 'not underway'
South Korean memory chip maker SK hynix said it is not pursuing a plan to acquire a minority stake in the United Kingdom-based semiconductor intellectual property firm Arm, a filing showed Monday. "(SK hynix) has put various strategic options on the table to strengthen our competitive edge and enhance shareholder value, but we hereby notify that there is no ongoing process for consortium-based acquisition of Arm as of now," read the firm's recent filing with the Financial Supervis
Technology Oct. 31, 2022
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Korean electronic firms lag behind in renewable transition
South Korean electronics giants are facing calls to accelerate renewable transition and set up climate goals across the supply chain, despite earlier pledges to go carbon neutral across their operations. In a report Friday by environmental group Greenpeace and grassroots organization Stand.earth, Korean electronics goods sellers Samsung Electronics and LG Electronics were ranked "F" in terms of progress toward reducing greenhouse gas emissions, on the scale of "A" to "F.
Technology Oct. 28, 2022
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Taking Samsung’s top post, Lee Jae-yong vows to seek out transcending technology
Samsung Electronics Vice Chairman Lee Jae-yong has been promoted to chairman of the world's largest chipmaker and smartphone maker, ending a high-profile succession process that took more than three decades to complete, with a vow to invest in transcending technology that could reboot the tech giant's growth engine. Lee, 54, was crowned Samsung Electronics' new executive chairman with the board of directors' approval Thursday morning, 10 years after he held the vice chairman
Technology Oct. 27, 2022
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Tech giants tighten belts amid uncertainties, bleak outlook
South Korean electronics giants are bracing for uncertainties across the board, with some leading exporters mapping out belt-tightening plans to address the situation that some have described as grave as the 2008 global financial crisis. Memory chip supplier SK hynix is one of the companies hit hardest by slowing consumer demand and the US-China tech arms race. The memory chip downcycle follows a pileup of order backlogs, and uncertainties are growing in its Chinese operations due to semiconduct
Technology Oct. 26, 2022
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SK hynix samples fastest next-gen standard memory module
South Korean memory chip supplier SK hynix said Tuesday it has shipped the world's fastest DRAM module under the double data rate 5 standard, considered a next-generation memory technology. SK hynix shipped memory module samples that boast up to a 6,400-megabit-per-second data transfer speed and 32-gigabyte memory density earlier this month, according to the company, without specifying the date. It added the integration of the clock driver in the new samples has improved the signal integrit
Technology Oct. 25, 2022
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Samsung still tight-lipped on Lee Jae-yong's succession
A memorial service honoring the late Samsung Electronics Chairman Lee Kun-hee was held Tuesday, without a major announcement made by the electronics giant in regards to a succession plan for his son to ascend to the top leadership. Speculation has been building recently that Samsung Electronics Vice Chairman Lee Jae-yong might be promoted to the chairman post, using the memorial service for momentum. Lee has held the "vice chairman" position for the past decade. Lee's eventual ass
Technology Oct. 25, 2022
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Korean chipmakers suffer decline in market cap, profitability
South Korean chipmaking giants have suffered a decline in their market capitalization and profitability due to heated competition from Chinese rivals and a heavy tax burden, data showed Monday. Of the world's top 100 chipmakers in the world by average market cap from January to September period, only three local players -- Samsung Electronics, SK hynix and SK Square -- were listed, according to the Federation of Korean Industries, a lobby group based in Seoul, citing data from S&P Cap
Technology Oct. 24, 2022
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SK chairman calls on CEOs to turn misfortune into gain
SK Group Chairman Chey Tae-won called on chiefs of the group’s affiliates to navigate business uncertainties by setting up case-by-case scenarios in order to turn misfortunes into gains, South Korea's second-largest business conglomerate said Sunday. The implementation of a data-driven action plan and internalization of sustainability factors, under the mantra of "SK Management System 2.0" unveiled in June, will allow the energy-to-biotechnology group to take a leap forwar
Technology Oct. 23, 2022
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EcoPro-Samsung SDI JV builds world's largest cathode active material plant
South Korean electric vehicle battery material firm EcoPro EM announced Friday that the world's largest cathode material production line has completed construction in Pohang, North Gyeongsang Province. All of the critical material produced in the facility, named CAM7, will be supplied to Samsung SDI, the world's sixth-largest battery supplier, with some 5 percent of the global market share. The facility is ready to go online beginning the first quarter of 2023. The newest facility of E
Technology Oct. 21, 2022
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FuriosaAI to begin producing first silicon chip in November
South Korean artificial intelligence-powered chip design house FuriosaAI plans to mass-produce its first-generation product beginning later this year, its Chief Executive Officer June Paik said Thursday. The semiconductor product, dubbed Warboy, will be mass-produced in tech giant Samsung Electronics' chip plant, using Samsung's 14-nanometer node with fin field-effect transistor technology. “Following a series of internal tests and assessments, (Warboy) is ready to begin limited
Technology Oct. 20, 2022
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LG Energy Solution to strike natural graphite supply deal with Syrah Resources
South Korean lithium-ion battery maker LG Energy Solution announced Thursday it has signed a provisional deal with Australian graphite supplier Syrah Resources to diversify its supply sources for making graphite anodes typically used in electric car batteries. Under a memorandum of understanding, LG and Syrah on Wednesday tentatively agreed on a 2,000 metric ton graphite supply deal in 2025 as Syrah's graphite mines become operational. The two companies will ink the final supply contract by the
Technology Oct. 20, 2022
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