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Reporter : Kim Bo-eun
Thu, September 23, 2021 | 19:58
Korea moving to revise telecom subsidy law
Moves to hike subsidies for mobile phone purchases are generating a buzz among dealerships and telecom operators. The Korea Communications Commission stated Wednesday it has revised related laws to double the cap on subsidies that dealerships are able to provide for mobile phone purchases, from 15 percent to 30 percent.
LG, Hyundai to unveil Indonesia joint venture plan next week
LG's battery manufacturing unit and Hyundai Motor will unveil a joint venture in Indonesia in early June, sources said Tuesday. The two companies have been in discussion with Indonesian authorities for years, and Indonesian Investment Minister Bahlil Lahadalia appears to have visited Seoul for final arrangements before plans for the venture are announced.
Telecom stocks on rally amid looming key rate hike
Telecom stocks are rallying as investors are flocking back to value stocks amid concerns of a looming U.S. key rate hike. Value stocks are typically mature businesses with relatively stable earnings, with many paying dividends. Investors opt for value stocks over growth stocks in periods of inflation as they tend to perform better.
Naver's US webtoon CEO recognized by Variety magazine
The chief of Naver's global webtoon platform's U.S. arm was recognized by Variety magazine as a “key player in the intersection of technology and creativity.” Webtoon Entertainment CEO Ken Kim was included in the list of 37 figures in the U.S. entertainment publication's first "Silicon Valleywood Impact Report" released last week. Korea's No. 1 internet portal launched Webtoo...
Korea's top 4 groups eyeing greater presence in US market
Korea's top conglomerates are set to play a larger role in the U.S. supply chain for key sectors including semiconductors and electric vehicles (EVs), after promising to invest around $40 billion to establish manufacturing plants and related infrastructure in the coming years. This is an achievement for President Joseph Biden's administration which is seeking to secure critic...
Korean battery makers to battle it out in US by forming joint ventures
SK Innovation (SKI) is seeking to challenge LG Energy Solution (LGES) in the U.S. electric vehicle (EV) battery market by forging a partnership with Ford, the second-largest automaker there in terms of market share. LG is already in the process of building battery production plants in a joint venture with top-ranked GM.
LG CNS strengthening B2B digital solutions
An LG CNS employee introduces the company's Digital Customer Experience Center (DCX) in this company-distributed photo. The LG affiliate set up the center in September and is scaling up its products that optimize the digital experience for customers accessing their client companie...
SK hynix seeks to take over Key Foundry
SK hynix, the world's second-largest memory chip maker, is seeking to acquire a 100 percent stake in Key Foundry, the former contract manufacturing unit of Korea-based Magna Chip.
[Reporter's notebook] Korea needs to boost efforts to prepare for 6G
It's been two years since fifth-generation (5G) telecommunication services were first rolled out in Korea in April 2019, and so it may seem early to focus on 6G. But given the launch of the next generation services is a long-term project, now is the time to speed up research and development. While 5G technology offers 20-times faster data speed than 4G long-term evolution (LT...
Samsung plans to build 1st battery cell plant in US
Samsung SDI is looking to build its first battery cell plant in the United States, as the market for electric vehicles (EV) there is set to see explosive growth, according to industry sources, Monday. The battery making unit of the nation's largest conglomerate operates a battery pack plant only in the U.S. state of Michigan, which is assigned to assemble batteries. The batte...