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  • Nikkei Asia300 Index falls, dragged by Chinese banks, Singapore property developers

    .S. indexes could end a six-day winning run when they reopen Tuesday, added to the risk off tone. Samsung Electronics declined 2%. The company is to cut production of organic light-emitting diode (OLED) panels in the current quarter, in response to customer

    February 20, 2018 08:57 pm JST
  • ASIA MARKETS: Nikkei Asia300 Index Falls, Dragged By Chinese Banks, Singapore Property Developers

    . The lower S&P 500 Index futures, which suggested that U.S. indexes could end a six-day winning run when they reopen Tuesday, added to the risk off tone. Samsung Electronics declined 2%. The company is to cut production of organic light-emitting diode (OLED

    February 20, 2018 08:35 pm JST
  • Samsung to slash OLED panel output as iPhone X slumps

    SEOUL -- Samsung Electronics is to slash production at its OLED panel plant in response to customer Apple's decision to reduce output of the iPhone X following weak demand. Samsung Display now plans to manufacture organic light-emitting diode

    February 20, 2018 05:58 am JST
  • ASIA MARKETS: Nikkei Asia300 Index Rises As US Stocks Extend Gains

    ., the world's biggest rig builder, added 2.6% while Malaysia's Sapura Energy jumped 5%. Index heavyweight Samsung Electronics dropped 1.3%, pulling back after last week's near 10% rally. SK Innovation, the world's biggest memory chip maker after Samsung

    February 19, 2018 08:20 pm JST
  • Nikkei Asia300 Index rises as US stocks extend gains

    .6% while Malaysia's Sapura Energy jumped 5%. Index heavyweight Samsung Electronics dropped 1.3%, pulling back after last week's near 10% rally. SK Innovation, the world's biggest memory chip maker after Samsung, dropped 1.4%. India's Tata Steel lost 5

    February 19, 2018 08:17 pm JST
  • Smartphone slump has chipmakers pondering fate of 'supercycle'

    . In response to weaker demand, South Korea's Samsung Electronics has decided to make DRAMs instead on certain lines at a newly opened flash memory plant near Seoul. JPMorgan Securities Japan sees Samsung's capital investment in the flash business decreasing 30

    February 19, 2018 07:15 pm JST
  • South Korea grapples with cycle of corruption and pardons

    back the reins of their business empires. Samsung Electronics Vice Chair Lee Jae-yong, the de facto head of South Korea's largest conglomerate, was convicted last year of bribing Park. He was released from jail Feb. 5 after an appeals court shortened

    February 17, 2018 08:32 pm JST
  • Lotte boss's jail term keeps South Korean executives feeling trapped

    pressure and public indignation over their all-encompassing influence.  The court's decision against Shin came as a surprise after Lee's release on Feb. 5. The Samsung Electronics vice chairman had his five-year sentence for bribery cut

    February 16, 2018 03:30 pm JST
  • OLED panel glut looms as Apple slashes iPhone X production

    TOKYO -- Samsung Electronics is casting about for new customers for its organic light-emitting diode panels, now that its top client Apple has slashed production of the iPhone X due to weak demand.  Having ramped up production capacity to meet

    February 16, 2018 02:15 pm JST
  • China's SMIC vows to step up its chip technology as profits sag

    -chief Executive Liang Mong-song, brought in by SMIC last October from Samsung Electronics, said he will accelerate development of advanced chip technologies to capture future growth. "We have not captured the great opportunity in China because of lack

    February 15, 2018 10:00 am JST
  • GM restructuring plan hits Moon's jobs drive

    the government to run a duty-free shop in Lotte World Tower in southern Seoul. Shin was not alone. Earlier this month, the Seoul High Court sentenced Samsung Electronics vice chairman Lee Jae-yong to a two-and-half-year suspended jail term for bribing Choi

    February 14, 2018 11:01 pm JST
  • Exclusive

    Apple in talks for first order with a Chinese chipmaker

    to two people familiar with the matter. Apple now buys NAND flash memory chips for its iPhones from Toshiba of Japan, Western Digital of the U.S., SK Hynix and Samsung Electronics of South Korea. It is the world's biggest consumer of these chips, taking

    February 14, 2018 09:29 pm JST
  • Interview

    Silicon wafer maker cautious despite strong chip demand

    the long-term prospects of semiconductor demand. Wafer supply, he said, should be adjusted based on the global economic outlook. Q: What is your outlook for the wafer market? A: Demand for 300mm wafers is strong as Samsung Electronics and Toshiba ramp up

    February 14, 2018 02:30 pm JST
  • Lotte's long-term strategy endangered by chief's jail term

    that forced Park from office in March 2017. Choi was sentenced Tuesday to 20 years in prison for her role, with Park, who is standing trial, named as a co-conspirator. Samsung Electronics Vice Chairman Lee Jae-yong, de facto head of the Samsung conglomerate

    February 14, 2018 07:38 am JST
  • Google poaches Samsung's technology chief

    SEOUL -- Google has poached Samsung Electronics' former Chief Technology Officer Rhee In-jong to strengthen its internet of things business, with an aim to connecting a wide range of its services from its cloud to vehicles to voice assistants

    February 13, 2018 09:28 pm JST
  • Nikkei Asia300 Index extends gains as Wall Street recovers

    higher and provide equity markets with another scare. However, a lower-than-expected CPI read is likely to leave markets uncertain for some time, even if there is a positive knee jerk response." South Korean electronics giant and heavyweight Samsung

    February 13, 2018 08:23 pm JST
  • ASIA MARKETS: Nikkei Asia300 Index Extends Gains As Wall Street Recovers

    giant and heavyweight Samsung Electronics jumped 4% after rising 2.3% on Monday following a 12% slump last week. The Nikkei Asia300 South Korea Index rose 2.1% to lead gains in the region. Ping An Insurance Group climbed 3.7%, trimming losses

    February 13, 2018 08:06 pm JST
  • Interview

    Panasonic needs new focus for next 100 years, president warns

    to directly challenge big electronics companies like South Korea's Samsung Electronics and LG Electronics. But in certain regions, we must win. Our shift to white goods was designed to do that. We have nearly given up on a global fight to sell as many products

    February 13, 2018 02:30 pm JST
  • David S. Lee

    South Korean regulators need to learn to love cryptocurrencies

    . The reality is that the technologies underlying cryptocurrencies are gradually becoming part of consumers' daily life. Since South Korea's top exporters, including Samsung Electronics and LG Electronics, must meet the demands of global customers for high

    February 13, 2018 07:00 am JST
  • Nikkei Asia300 Index rebounds after U.S. equities gain

    significance as worries related to increase in inflation expectations and its potential effect on interest rates have been blamed for the recent turmoil in financial markets. On the A300, Samsung Electronics added 2.3% as the South Korean conglomerate

    February 12, 2018 08:57 pm JST