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Reporter : Kim Bo-eun
Fri, September 17, 2021 | 11:57
SK Innovation stock falls on split-off approval
SK Innovation's (SKI) share price fell Thursday, following shareholder approval of the company's plan to separate its battery business as a new entity. SKI's stock closed at 237,000 won, down 4.44 percent from Wednesday's close, after shareholders voted for the split-offs of the battery, and oil exploration and production businesses at a shareholders meeting held at the compa...
Korea ranks 4th in 2021 International Earth Science Olympiad
Korea ranked fourth out of 32 countries in the 14th International Earth Science Olympiad (IESO) held last month, a government foundation said this week. The annual competition for secondary school students was resumed online from Aug. 25 to 30 after last year's event was cancelled due to the COVID-19 pandemic. A total of 206 students from 32 countries took part in this year's...
Korea fines Google W207 bil. for abuse of market dominance
Korea's antitrust regulator fined Google 207.4 billion won ($177 million) Tuesday for abusing its market dominance to prevent the market entry of competing operating system (OS) developers. The Korea Fair Trade Commission's (KFTC) fine and corrective measure are the latest moves to curb alleged unfair practices by the U.S. tech giant, following the National Assembly passing a...
Korea on its toes as China catches up in OLED technology
Korea's display makers currently lead the global market in organic light-emitting diode (OLED) displays, but have grown increasingly alarmed by how fast Chinese rivals have caught up in terms of technology. They worry that they may lose their competitive edge in OLED technology, which is what happened with liquid crystal display panels (LCD), where Chinese players now account...
Samsung set to pick site for new US chip plant
Attention is focusing on where Samsung Electronics will finally decide to build its second foundry plant in the United States, after local authorities in Texas approved an incentive package worth several hundred million dollars, and in the face of rival chipmakers stepping up their game.
[INTERVIEW] 'Greater public-private support needed to foster talent in chip industry'
Two Korean chipmakers account for the lion's share of the global memory semiconductor market with an over 70 percent stake. Samsung Electronics, the top memory chip maker, is also the second-largest player in the global market for chip contract manufacturing.
[INTERVIEW] KT to delve into global data market with Epsilon acquisition
KT has taken its first but meaningful step to enter the global data market, via the acquisition of data company Epsilon Global Communications.
Disney set to choose LG Uplus as first Korean partner
LG Uplus is widely projected to be Disney's initial Korean partner, as the entertainment giant on Wednesday made official the launch of its over-the-top (OTT) media services set for Nov. 12. LG Uplus CEO Hwang Hyeon-sik implied a day earlier that the company will likely become the local network operator for Disney Plus.
GM works with LG to address battery defect issues
General Motors (GM) said Monday it was working with LG to address battery-related defects after it found that 10 fires in its Chevrolet Bolt electric vehicles (EVs) were caused by batteries supplied by LG affiliates. In an email interview, GM spokesman Dan Flores said the automaker was collaborating with LG to resolve the manufacturing defect. LG Energy Solution (LGES) manufa...
Will Samsung SDI benefit from Rivian IPO?
The electric vehicle (EV) industry is keenly observing U.S. electric truck manufacturer Rivian's moves for an initial public offering (IPO), given the startup's stock market debut will propel its business and expand opportunities for suppliers. Suppliers such as EV battery maker Samsung SDI could potentially benefit.
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