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...The South Korean semiconductor companies typically bundle used equipment into packages before selling them to dealers who put them up for sale at auctions....
...A group of investors has called on Samsung’s de facto holding company to increase dividends and institute share buybacks, as pressure mounts on South Korean companies to address their low valuations....
...Bain & Company has picked the head of its European private equity advisory business to be its next global chief executive, as the consulting group deals with an industry slowdown and the fallout from a corruption...
...“It can lay out a foundation for [our] up-and-coming south-east Asian market,” Comac said in a statement on Chinese social media....
...“This China decoupling momentum is creating great opportunities for us and Korea as a whole,” Park Ki-deok, the president of the South Korean company, told the Financial Times....
...They are followed closely by South Korea, at 41 per cent. The total global order book value is more than $244bn. CSSC did not respond to a request for comment....
..., according to the South Korean company....
...But the South Korean companies with the highest 2022 revenues of all in the FT ranking were property developer Rsquare, with $142.5mn, and ecommerce platform Ably, with $138mn....
...The company has reported falling profits for the past four straight quarters amid a prolonged slump in the global memory chip sector, while its 12-year reign as the world’s biggest smartphone maker by units...
...He also told a shareholder meeting that the company expected more than $100mn of revenue from its advanced chip packaging business this year....
...The European boss of Hyundai, Michael Cole, said the South Korean carmaker had to “sharpen our act” to compete with a wave of low-cost Chinese electric cars that were coming to Europe....
..., the Korean firms are allowed to co-operate....
...BOE sent 132 Chinese staff to South Korea to integrate the two companies’ systems — a process the South Korean company did not survive....
...The new rule is causing a headache for them as there is no effective way to revive sales here,” said Lee Hang-koo at the Jeonbuk Institute of Automotive Convergence Technology, a South Korean research group...
...He added that the company was confident that Indonesia’s EV market would continue to grow, pointing to a government incentive programme....
...Over the past two years, at least three South Korean companies have been charged with industrial espionage relating to the Taiwanese submarine programme....
...The South Korean chipmaker expects a 35 per cent drop in operating profit in the fourth quarter, according to guidance provided on Tuesday....
...per cent to 50 per cent between 2023 and 2027, while South Korean companies’ share will fall from 60 per cent to 40 per cent over the same period....
...When South Korean arms companies secured a package of deals from the Polish government last year worth almost $14bn, it heralded a new era for the country’s defence industry....
...The South Korean tech group launched the 2024 versions of its flagship Galaxy smartphone series at a Silicon Valley event on Wednesday....
...This month, South Korean memory-chip maker SK Hynix announced it would build an advanced packaging facility in the US state of Indiana to produce “high-bandwidth memory” chips (HBM) — made by stacking memory...
...Samsung dominates the global market, with a 73 per cent share of foldables in the quarter, according to Canalys....
...Trump hinted he would prevent cars built by Chinese companies coming in from Mexico if he became president again, in response to China’s BYD planning a new electric vehicle plant south of the US border....
...Alongside compatriot CATL, the world’s biggest EV battery maker, BYD’s batteries boast a massive cost advantage over those produced by Japanese, South Korean and European rivals....
...“There is no sign that the PBoC will change its course anytime soon,” said Chen Long, co-founder of Plenum, a Beijing-based research company....
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