Articles by Jo He-rim
Jo He-rim
herim@heraldcorp.com-
‘Samsung needs control tower’: compliance committee chief
Samsung Group is a "massive aircraft carrier" and so it needs a control tower for better efficiency and unity, the chief of the tech giant's compliance committee said in an interview with a local news outlet on Aug. 23. "A small sailing boat does not need a control tower, but Samsung is a giant aircraft carrier. Unless the company’s different divisions completely divide to stand on their own, the lack of a control tower can lead to problems in efficiency and unity,&rd
Industry Aug. 27, 2023
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[팟캐스트] (522) 금수저 패션? ‘올드머니룩’이 뜬다 / 급격한 기후변화와 자연재해에 기후우울증 늘어난다
진행자: 조혜림, Naomi Ng 1. [Weekender] 'Old money' rises as the new black in fashion 기사요약: 부자들의 패션 ‘올드머니룩’이 새로운 유행이다. 과시보단 기본에 충실하지만 좋은 소재, 모양 등 디테일에 주목한 아이템들로 꾸미는 스타일이다. [1] Old money refers to wealth that is deeply rooted in tradition, or wealth that is inherited rather than acquired through personal earnings. In this regard, the idea behind the old money look means looking like someone who comes from generational wealth. *rooted: ~에 뿌리(근원)을 둔 *inherit: 상속받다, 물려받다 *acqu
Podcast Aug. 24, 2023
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Samsung Food to debut at IFA
Samsung Electronics said Thursday it would be launching a new food platform application offering personalized recipes and diet plan services using artificial intelligence at this year’s IFA, set to be held in Berlin early next month. The new platform, Samsung Food, would integrate all the food-related functions and services Samsung has launched previously, such as Family Hub’s Smart Recipe, the company said. Using the app, the users can search for recipes of dishes around the world
Industry Aug. 24, 2023
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Finance expert Bang Moon-kyu tapped as new industry minister
President Yoon Suk Yeol tapped Bang Moon-kyu, the existing government policy coordination minister, as the new minister for trade, industry and energy, his office said Tuesday. Born in 1962, Bang, a finance expert, passed the civil service exam in 1984, before spending most of his career as a public servant in the finance ministry and in the field of budget planning. Before being appointed as the policy coordination minister last year, he served as the head of the state-run Export-Import Bank
Industry Aug. 22, 2023
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SK hynix unveils HBM3E, supplies sample to Nvidia
South Korean chipmaker SK hynix announced Monday it has successfully developed HBM3E, the next generation top performing DRAM chip for artificial intelligence applications. The chipmaker also said its customer is evaluating the sample of the new product. High Bandwidth Memory is a high-value, high-performance memory that vertically interconnects multiple DRAM chips, enabling a dramatic increase in data processing speed in comparison to earlier DRAM products. HBM3E is the extended version of the
Industry Aug. 21, 2023
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Samsung’s Taylor fab secures first order from AI startup Groq
Samsung Electronics, the world’s largest memory chip maker, has forged a partnership with Groq, a US-based artificial intelligence inference systems provider, securing the first chip order for its semiconductor fab currently in construction in Texas. Groq revealed in a press release on Monday (US time) that it has established ties with Samsung Foundry to be its “next-gen silicon partner,” saying the collaboration will support the company’s growth to consistently “ou
Industry Aug. 16, 2023
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Samsung sells ASML stakes to secure W3tr
Samsung Electronics sold a portion of its stakes in Dutch chip equipment maker ASML and secured 3 trillion won ($2.24 billion) in cash, the company reported in its semi-annual report Monday. In the report, the world’s No. 1 memory chipmaker reported that it held 2.75 million shares in ASML stocks, equivalent to 0.7 percent, at the end of June, down from the 1.6 percent or 6.29 million shares from the end of March this year. In selling its shares, Samsung appears to have secured significant
Industry Aug. 16, 2023
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[70th Anniversary] Seven challenges for South Korea's social, economic survival
Moving forward from South Korea's dynamic seven decades, The Korea Herald identifies the seven most crucial challenges the nation must overcome for a sustainable and prosperous future. – Ed. Climate crisis becomes irreversible reality Climate change has long been considered a future disaster rather than a present threat by many Koreans. However, it has now become a largely irreversible reality, manifesting as a series of extreme weather events that significantly affect people'
Social Affairs Aug. 13, 2023
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Nvidia’s new AI chip to offer boon for Korean chip giants’ HBM business
Nvidia’s newest AI chip utilizing the world’s first HBM3e processor is expected to boost growth for SK hynix and Samsung Electronics, the two chipmakers dominating the still-nascent High Bandwidth Memory market. Nvidia, a leading producer of GPUs based in the US, unveiled Tuesday its next-generation NVIDIA GH200 Grace Hopper platform at this year's SIGGRAPH Conference, an annual event on computer graphics, held from Sunday to Thursday in the US. The latest chip has been built
Industry Aug. 10, 2023
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SK hynix unveils world’s first 321-layer NAND
SK hynix, the world’s second-largest memory chip maker, unveiled samples of the world’s first 321-layer NAND and next-generation memory solutions for AI demand at a global industry conference in the US on Wednesday. At the Flash Memory Summit, the world’s biggest annual conference for the NAND flash industry running from Tuesday to Thursday, SK hynix showcased its latest NAND flash chips and made public the progress on its development of the industry’s first NAND with mor
Industry Aug. 9, 2023
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Naver marks record operating earning in Q2, net profit jumps 80%
Naver, South Korea’s largest online portal, logged a record quarterly operating profit in the April-June period, backed by its strong performance in commerce, financial technology and content, the company said Friday. In a regulatory filing, the internet giant reported its sales posted 2.4 trillion won ($1.83 billion) in the second quarter this year, increasing 17.7 percent on-year and 5.6 percent compared to the previous quarter. The company’s operating profit stood at 372.7 billion
Industry Aug. 4, 2023
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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
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[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
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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
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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
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