Articles by Jo He-rim
Jo He-rim
herim@heraldcorp.com-
SK chief vows management overhaul in 2024
SK Group Chairman Chey Tae-won vowed in his New Year's message Monday to review and reorganize the management system of the nation's second-largest conglomerate to better handle challenges in 2024. "A loose 'geomungo' (a six-string Korean zither) can only produce the right notes if the strings are untangled and re-tensioned,” Chey said in the message sent to all executives and staff of SK Group affiliates via email. "Let's all review and refine our manage
Industry Jan. 1, 2024
-
US supply chain review to boost Korean chip sales: analysts
The US government’s survey on its semiconductor supply chain would likely boost sales for Korean chipmakers, with the heightened surveillance on the usage of Chinese chips raising uncertainties for US tech giants, according to an analysis, Tuesday. Last week, the US Department of Commerce said it will start the survey in January to identify how US companies are sourcing so-called legacy chips -- the current-generation and mature-node semiconductors. The purpose of the analysis is to &ldquo
Industry Dec. 26, 2023
-
LG Nova to offer glimpse into future startup tech at CES 2024
LG Nova, LG Electronics’ North American Innovation Center, will offer a glimpse into the technologies that will lead growth in the future at CES 2024, slated to be held in January in Las Vegas, the company said on Monday. At the annual consumer electronics show, LG’s US entity will open its showroom under the theme “Building a brighter tomorrow together.” Its 10 partnering startups will present their innovative technology ideas in four fields: digital health, clean tech,
Industry Dec. 25, 2023
-
Big firms skip year-end brouhaha, offer days off instead
South Korean conglomerates are skipping official year-end ceremonies and recommending employees to take their annual leave to close out 2023. Samsung Electronics, the country’s largest conglomerate, is rounding out the year without any official year-end ceremony -- or "jongmusik" in Korean -- according to a Samsung official. The conglomerate will hold an official ceremony to kick off the new year -- or "simusik" -- on Jan. 2, 2024, bringing together top executives and e
Industry Dec. 20, 2023
-
Korea should be 'rule setter': KCCI chief
South Korea should step up to become a "rule setter" from being a "rule taker" by collaborating with Japan, as well as keep a balance between the United States and China, SK Group Chairman Chey Tae-won, who doubles as chairman of the business lobby group Korea Chamber of Commerce and Industry. Underscoring that the current protectionist trend around the world is "very unfavorable" for South Korea, Chey said the country should come up with ways to expand its market s
Industry Dec. 19, 2023
-
LG Electronics to unveil next-gen transparent antenna for cars
LG Electronics said Monday it will unveil its next-generation transparent antenna that will enhance telecommunication for cars at the upcoming CES 2024, slated for January in Las Vegas. The film-type antenna has been designed in collaboration with a renowned French glass manufacturer Saint-Gobain Sekurit, and is available as an on-glass or in-glass solution, LG said. According to the company, the transparent antenna can be seamlessly integrated in car windshields or glass sunroofs, meaning carma
Industry Dec. 18, 2023
-
Samsung's AI model to be trained on 20,000 telecom-related academic papers
Samsung Electronics inked a partnership with the Korean Institute of Communications and Information Sciences for access to telecommunication-related academic papers to use in the training of its artificial intelligence program, the company said on Friday. Samsung Executive President Cheun Kyung-whoon leading Samsung Research signed the agreement with Korean Institute of Communications and Information Sciences President Hong Een-kee at the company's research and development campus in Seoul o
Industry Dec. 15, 2023
-
Samsung chief returns from Netherlands, satisfied with ASML deal
Samsung Electronics Chairman Lee Jae-yong hinted at his satisfaction over his trip to the Netherlands with President Yoon Suk Yeol on Friday, saying that most of the achievements made there were focused on semiconductors. "About 90 percent of the achievements made in the trip to the Netherlands are on semiconductors,” Lee told reporters when asked about the achievements of the trip, at Gimpo International Airport on Friday, with a satisfied smile on his face. Lee returned from the tri
Industry Dec. 15, 2023
-
[KH explains] Will ‘chip alliance’ help Samsung, SK secure more ASML machines?
As global chipmakers are competing fiercely to get their hands on ASML's scarce extreme ultraviolet lithography equipment, the enhanced chip partnership between South Korea and the Netherlands this week is creating an upbeat mood for the Korean chip industry. On Tuesday, South Korean President Yoon Suk Yeol and the chiefs of the country's top two conglomerates -- Samsung Electronics Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won -- met with Dutch King Willem-Alexander and ASM
Industry Dec. 13, 2023
-
Samsung, ASML agree to build W1tr research fab for chip equipment in Korea
Samsung Electronics and ASML, a Dutch semiconductor equipment supplier, agreed on Tuesday to jointly invest about 1 trillion won ($762 million) to build a research facility in South Korea for the development of "ultra-microscopic" level semiconductor production technology, using next-generation extreme ultraviolet photolithography equipment. SK hynix also forged an agreement with the Dutch firm to collaborate on developing an eco-friendly technology aimed at minimizing energy consumpti
Industry Dec. 12, 2023
-
Samsung sets out in search of ‘unprecedented’ technology
Samsung Electronics has established new teams devoted to forging new ideas for the future of its smartphones and home appliances businesses, according to the company on Monday. The latest organizational restructuring of the tech giant comes as its chairman, Lee Jae-yong, has emphasized technological development as the key to survival amid growing uncertainties in the global economy. To strengthen its device experience division that oversees the company's mobile devices together with home ap
Industry Dec. 11, 2023
-
Samsung, SK chiefs to visit ASML to discuss chip alliance
Samsung Group Chairman Lee Jae-yong and SK Group Chairman Chey Tae-won are set to travel to the Netherlands this week to strengthen business ties with ASML, the sole provider of equipment critical in producing advanced chips. The heads of South Korea's top two conglomerates are accompanying President Yoon Suk Yeol on his state visit to the Netherlands from Monday to Thursday. There, they will visit ASML's headquarters in Veldhoven, and also explore the Dutch firm's newly built cle
Industry Dec. 10, 2023
-
SK carries out complete reshuffle of top brass
SK Group, the country’s second-largest conglomerate, has carried out a complete reshuffle of its top leadership, with a new, younger generation of top executives taking the helm at key affiliates to tackle the ever-changing business environment. In its year-end executive reshuffle on Thursday, the chiefs of four major affiliates -- SK Supex Council Chairman Cho Dae-sik, SK Innovation Vice Chairman Kim Jun, SK Corp. Vice Chairman Jang Dong-hyun and SK hynix Inc. Vice Chairman Park Jung-ho
Industry Dec. 7, 2023
-
LG Display launches voluntary redundancy program in efficiency drive
LG Display, the top display maker in producing high-end organic light-emitting diode panels for TVs, has launched a voluntary redundancy program for its factory workers in its latest bid to reduce costs after months of operational losses, according to industry sources on Wednesday. Workers at its manufacturing plants in Paju, Gyeonggi Province and Gumi, North Gyeongsang Province, are eligible for voluntary retirement if they are over 40 years old. The company is offering severance pay for 36 m
Industry Dec. 6, 2023
-
[KH Explains] China ups OLED ante to take over Korean shares
China’s recent move to ramp up investment in organic light-emitting display panels is stoking fears among Korean display makers that they may face another fierce price war with their Chinese runner-ups, even over the most sophisticated display technology. Last week, China's top display panel maker, BOE Technology, announced a plan to invest 63 billion yuan ($8.84 billion) to build a production facility with 8.6-generation technology for OLED panels for laptops and tablet PCs. The amou
Industry Dec. 5, 2023
Most Popular
-
1
Over 80,000 millionaires, 20 billionaires in Seoul: report
-
2
Korean battery makers heave sigh of relief over 2-year IRA reprieve
-
3
Yoon apologizes over first lady’s Dior bag scandal, but accuses special probe attempt as political maneuvering
-
4
Young Korean doctors seek plan B: cosmetic dermatology or overseas
-
5
South Korea open to Indonesian proposal to cut KF-21 payments
-
6
Girl hanging on bridge, police trying to rescue her both fall off; rescued immediately
-
7
Coupang earnings hit hard by losses from ailing Farfetch
-
8
[K-pop’s dilemma] Time, profit pressures work against originality
-
9
Why femicide and dating violence are growing issues in S. Korea
-
10
Arrest warrant issued for medical student for allegedly killing girlfriend after breakup