South Korea’s government said Monday that it will join the international move to suspend transactions with Russia’s central bank and impose sanctions on Belarus over Russia’s invasion of Ukraine. “The [South] Korean government has decided today, March 7, to join other nations in imposing additional sanctions including the prohibition of transactions with the central bank…
South Korea Joins Sanctions Against Russian Central Bank and Belarus
March 8, 2022
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Asia & PacificBelarusBusiness & Economyeconomic policieseconomyEuropeMarketsRussia-Ukraine tensionsRussia-Ukraine WarSamsungSouth KoreaWorld
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Samsung Electronics Unions Threaten First-Ever Strike, Impact Unclear
SEOUL—Unionized workers of Samsung Electronics have threatened what would be an unprecedented strike at the tech giant if their demands for higher pay and better working conditions are not met. Union representatives held a rally on Wednesday near Samsung’s headquarters in midtown Seoul after government arbitration broke down earlier this week. They are calling for…
Samsung to Hire Former US Ambassador as PR Chief for North America
February 14, 2022
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Asia & PacificBusiness & EconomyCompaniesMark LippertSamsungsemiconductorSouth Koreasupply chainU.S. ambassadorU.S.-China tensionsUnited StatesWorld
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Former U.S. Ambassador to South Korea, Mark Lippert, is expected to join Samsung Electronics next month as head of corporate and government affairs in North America. Industry experts told The Korea Herald they believe the recruitment will allow Samsung to bolster its responsiveness to changing U.S. policies, especially those regarding chips, which have emerged as a…
Samsung Unveils New Phones as Premium Market Share Shrinks
As Samsung’s premium market share shrinks it is looking to appeal to consumers who are increasingly sharing videos of their antics on social media applications. Although the differences on last year’s models are not dramatic, Samsung is emphasizing new features that are supposed to produce more vibrant and more stable videos. One of the most…
NY State Lifting Indoor Mask Mandate; Foreigners Pile Into U.S. Commercial Property | NTD Business
The state of New York lifting its “mask-or-vaccine” mandate for most indoor businesses today, what did the governor say is the reason? Amazon making a big move in the healthcare space, by expanding its tele-health services nationwide. What’s it good for? And what difficulty does one expert say the industry still faces? Foreign buyers piling into…
Samsung, Blue Ocean Launch US Stock Trading During South Korean Business Hours
NEW YORK—Asian investors can now buy and sell U.S. stocks during Korean business hours in real time through a partnership between Samsung Securities and U.S.-based off-exchange trading venue operator Blue Ocean Technologies LLC, the companies said on Monday. “This is the first time in the history of the U.S. markets where Asia Pacific investors, and…
Apple Unseats Samsung as World’s Top Smartphone Vendor In Q4; Is Cupertino Priming for a Bumper Quarter?
Apple Inc. has taken the pole position in global smartphone shipments in the fourth quarter, confirming the current strength of the iPhone cycle. Apple Reigns Supreme Cupertino’s share of worldwide smartphone shipments stood at 22 percent in the fourth quarter, according to a preliminary report from Canalys. That’s an increase from the 14 percent market share…
Samsung Electronics Q4 Profit Jumps on Server Chip Demand, Foundry Margins
SEOUL—Samsung Electronics Co. Ltd. said on Friday its fourth-quarter operating profit likely jumped 52 percent on-year to its highest for the quarter in four years, helped by solid demand for server memory chips and higher margins in chip contract manufacturing. The world’s largest memory chip and smartphone maker estimated October–December profit at 13.8 trillion won…
Taiwan Should Destroy Island’s Semiconductor Plants If China Invades, Paper Says
A scorched-earth policy involving Taiwan destroying its own advanced semiconductor plants in the event of a Chinese invasion would be a good deterrence strategy for the self-ruled island against warmongering China, according to a recent paper published by the U.S. Army War College. “In practice, this strategy means assuring China an invasion of Taiwan would…
Samsung, Micron Warn China’s Xi’an Lockdown Could Disrupt Memory Chip Manufacturing
December 31, 2021
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Asia & PacificBusiness & EconomyCCP VirusChinaChina Business & EconomyCompaniesINSIDE CHINASamsungWorldXi'an lockdown
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Samsung Electronics and Micron Technology, two of the world’s largest memory chip makers, warned that strict COVID-19 curbs in the Chinese city of Xi’an could disrupt their chip manufacturing bases in the area. The lockdown in the city puts further pressure on global supply chains and adds to a torturous year for exporters facing sharply…
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