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Reporter : Kim Bo-eun
Fri, October 22, 2021 | 08:46
Will Samsung unveil 6G technology at upcoming event?
All industry eyes are on whether Samsung Electronics will unveil 6G technology at an upcoming online event on telecom networks. The event, titled "Unleashing the full power of 5G," will take place on June 22. While the event is set to introduce new 5G technology, Samsung may introduce 6G technology currently under development.
IT firms' toxic work culture comes under scrutiny
The recent death of a Naver employee is shedding light on the culture prevalent at Korea's largest IT firms that is proving to be harmful to individuals as well as the organizations. A worker at Korea's top portal was found dead last week, after he complained he had been under high levels of work-related stress. A flurry of posts appeared on Blind, an anonymous online communi...
Battery material makers following battery manufacturers to US
Local battery material makers are seeking to set up factories in the U.S., where Korean battery manufacturers are expanding production in a bid to capture opportunities in the fast-growing U.S. market for electric vehicles (EVs).
SK partners with US self-driving truck tech firm
SK Group's holding company has partnered with Kodiak Robotics, a U.S. self-driving truck startup, to introduce the company's technology in Asian markets. Under the partnership, Kodiak will combine its software with SK's products, components and technology. Kodiak estimates the size of the freight market in Asia to reach $1.5 trillion.
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.
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