SEOUL, April 3 (Korea Bizwire) — Samsung SDI has developed an energy-saving, blackout-proof power source, and has been testing the system at its Uiwang R&D Center since April 1. The new system is called UES, a hybrid between an Uninterrupted Power System (UPS) and an Energy Storage System (ESS). Samsung SDI has combined the two [...]
SEOUL, April 1 (Korea Bizwire) — Samsung C&T Corporation and Samsung SDI have changed their conditions for selling their shares in Samsung General Chemicals to Hanhwa Chemical in a bid to reduce any related risks. The three companies have confirmed the changes through a corrective disclosure on March 31. Initially, Samsung C&T Corporation and Samsung SDI were [...]
SEOUL, March 1 (Korea Bizwire) – Samsung SDI, one of the leading providers of electronic materials in the world, is expected to provide battery packs for BMW‘s upcoming X5 plug-in hybrid SUV, industry sources said Sunday. Local industry insiders and IHS, a global market researcher, speculated that the recent purchase of Magna Steyr’s battery pack division [...]
SEOUL, Jan. 13 (Korea Bizwire) — Korean companies are building up a solid lead in the market for electric vehicle batteries. According to a market report on automotive batteries published by SNE Research on January 12, Korean companies held a 41 percent share of automotive battery patents as a percentage of the global total. LG Chem held [...]
SEOUL, Nov. 19 (Korea Bizwire) – The amount of fines imposed on Korean companies for collusion by foreign authorities since 2010 totaled about 1.7 trillion won. According to the Korean Fair Trade Commission on November 18, the amount of fines that competition authorities of various countries imposed on Korean cartels over the past five years starting from 2010 is [...]
SEOUL, Oct. 7 (Korea Bizwire) — Samsung Group decided to withdraw its solar energy business in a five promising business list and add up a mobile solution field to the list. The leading conglomerate announced on October 5 that it was underway to restructure its five prospective business plan – medical devices, light emitting diode solar [...]
SEOUL, Sep. 20 (Korea Bizwire) – The chemical and electronic materials unit of Samsung SDI said on September 18 that it took part in the “100% Design” exhibition held in London for four days between September 17 and 20. The company showcases a variety of artificial marble items under the brand name “Staron,” including a [...]
SEOUL, Sep. 3 (Korea Bizwire) – Samsung Electronics is reviewing an idea of merging Samsung Medison, an unlisted medical equipment maker. In a regulatory filing on September 2, Samsung Electronics said, “We are currently considering whether to pushing forward with a merger with Samsung Medison. We will disclose later as soon as detailed decisions are made.” The electronic [...]
SEOUL, Sep. 2 (Korea Bizwire) – Two Samsung Group companies Samsung Heavy Industries and Samsung Engineering have decided to merge with each other in a board of directors meeting on September 1. The two companies will exchange shares at the ratio of 1 to 2.36. Samsung Heavy Industries will grant 2.36 shares to Samsung Engineering shareholders for every share [...]
SEOUL, Aug. 20 (Korea Bizwire) – Samsung is spurring to the expansion of its business sector of batteries for electronic vehicles as a new cash cow for the group, amid the ailing group chairperson Lee Kun-hee and the falling sales of its smartphones. Vice Chairperson Lee Jae-yong of Samsung is known to pay particular attention in the sector [...]