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• Kakao Pay VP joins US brokerage board

  ...Shin serves as the head of Kakao Pay's payment business group and corporate development office. Before joining Kakao Pay, he held various positions in different companies -- including Kakao Corp, Samsung Electronics, McKinsey & Company and Intel Corporation -- accumulating over 15 years of experience. Shin is an IT professional who holds a bachelor's in electrical engineering from Seoul National Universit...

• Seoul shares at 1-year high on hopes Fed pauses rate hikes

  ...ladelphia President Patrick Harker said Thursday the US central bank "should at least skip this meeting in terms of an increase." Major tech shares led the upturn of the KOSPI. Market bellwether Samsung Electronics surged 1.83 percent to 72,200 won after US chip giant Nvidia spiked 5.12 percent. But chip giant SK hynix remained unchanged at 110,300 won following recent sharp gains. Leading battery maker ...

• Meta unveils Quest 3 VR headset before Apple

  ...s expected to release its VR headset next week at the company’s Worldwide Developer Conference. The headset is likely to be equipped with AR technologies and will reportedly cost at least $3,000. Samsung Electronics, Qualcomm and Google also announced a trilateral partnership to build a next-generation extended reality ecosystem in February, seeing VR and AR technology as means to “transform” the future of...

• Samsung, Naver Cloud team up to provide private 5G network at construction site

  Samsung Electronics said Friday it is joining hands with Naver Cloud to launch a private 5G network for Hoban Construction, bringing the private 5G network in the construction sector for the first ti... safety on-site,” Chang Yong, vice president of global sales and marketing, networks business at Samsung Electronics, said. The latest collaboration followed Samsung’s announcement with Naver Cloud l...

• Samsung likely to hold Galaxy Unpacked event in Korea for first time

  Samsung Electronics may hold its unpacking event for its new foldable phones in Seoul for the first time this summer, a Samsung president said on Thursday. “South Korea is an important market and Seoul is a meaningful place,” Lee Young-hee, president of the global marketing center for Samsung Electronics’ Device eXperience business, told reporters after attending Samsung Ho-Am Prize awards cerem...

• Samsung founder’s legacy honored

  Samsung Electronics Chairman Lee Jae-yong attended the awards ceremony for the Samsung Ho-Am Prize held in Seoul, Thursday, renewing his commitment to inheriting the group’s founding spirit of “patriotic industrial service,” according to company officials. It was the first time for Lee to take part in the annual event as chairman of the tech giant. The Samsung Ho-Am Prize, which uses the pen na...

• Seoul shares open higher on tech gains

  ...fault. The Dow Jones Industrial Average rose 0.47 percent, and the tech-heavy Nasdaq Composite jumped 1.28 percent. In Seoul, large-cap tech stocks led the upturn of the index. Tech heavyweight Samsung Electronics jumped 1.27 percent, and chip giant SK hynix surged 1.54 percent. Leading battery maker LG Energy Solution grew 0.68 percent, and LG Chem climbed 1.16 percent. Samsung SDI added 0.42 percent. ...

• Seoul shares down for 2nd day amid eased US debt ceiling woes

  ...h in May to $52.24 billion on falling chip demand, but the pace of the slump eased in a sign that global demand is picking up. Major tech and auto shares dragged down the Kospi. Market bellwether Samsung Electronics lost 0.7 percent to 70,900 won, and top battery maker LG Energy Solution dipped 2.5 percent to 584,000 won. Leading automaker Hyundai Motor retreated 1.25 percent to 197,500 won, and its small...

• Intel to build research lab for chips in Seoul

  ...at the envisioned lab. The advanced memory products include the DDR5 and Compute Express Link. The US tech giant is also expected to ramp up cooperation with the world's leading memory chipmakers Samsung Electronics and SK hynix. Intel recently launched server CPU Sapphire Rapids, its first product supporting DDR5. SK hynix recently announced it succeeded developing the most advanced 1 billion nanometer ...

• Seoul shares open nearly flat ahead of US debt ceiling vote

  ...t in April stoked jitters over the possibility of the Federal Reserve hiking the interest rate at the next policy meeting set for June 13-14. Large-cap tech stocks traded mixed on the Kospi, with Samsung Electronics losing 0.14 percent and battery maker Samsung SDI rising 0.3 percent. Chip giant SK hynix fell almost 1.5 percent, and top automaker Hyundai Motor was down about 1 percent. Leading energy com...