Sanctions Archives | Be Korea-savvy
Samsung to Benefit from Huawei Ban in Long Run: Analysts

Samsung to Benefit from Huawei Ban in Long Run: Analysts

SEOUL, Sept. 11 (Korea Bizwire) — Samsung Electronics Co. is likely to benefit from U.S. sanctions on Chinese tech titan Huawei Technologies Co. in the long run, analysts here said Friday. The U.S. sanctions, which ban the supply of semiconductors made with American equipment or software to Huawei without prior approval from Washington, are set [...]

U.S. Sanctions on Huawei to Hit S. Korean Chipmakers

U.S. Sanctions on Huawei to Hit S. Korean Chipmakers

SEOUL, Sept. 9 (Korea Bizwire) – Samsung Electronics Co. and other South Korean memory chipmakers will feel the pinch of additional U.S. sanctions on Chinese telecom giant Huawei Technologies Co. that take effect next week, industry sources said Wednesday. The new sanctions, which ban the supply of semiconductors made with U.S. equipment, software and design [...]

Beauty Firms, Duty-free Operators Soar amid Hopes for Lifting of China Sanctions

Beauty Firms, Duty-free Operators Soar amid Hopes for Lifting of China Sanctions

SEOUL, Jan. 13 (Korea Bizwire) –- Major South Korean cosmetics and duty-free operators traded higher Monday amid hopes that China may lift its retaliatory economic measures under way for years against Seoul’s decision to deploy a U.S. anti-missile system here. Amorepacific Corp., the country’s top cosmetics maker, closed at 232,000 won(US$200), up 5.22 percent from [...]

Huawei Eyes More Product Purchases, Investment in S. Korea amid U.S. Sanctions

Huawei Eyes More Product Purchases, Investment in S. Korea amid U.S. Sanctions

SEOUL, Dec. 20 (Korea Bizwire) — Chinese telecommunications behemoth Huawei Technologies Co. on Friday vowed to beef up its business in South Korea by increasing the purchase of parts for its network equipment and smartphones amid continued U.S. sanctions. Karl Song Kai, head of Huawei’s global media and communications, said Huawei also plans to increase [...]