[NewsSpace=JeongYoung Kim] Microsoft founder Bill Gates has revealed that he is currently using Samsung Electronics' Galaxy Z Fold4 and is satisfied with the product. According to the industry on April 13, Bill Gates, chairman of the Bill & Melinda Gates Foundation, wrote on the social networking service LinkedIn on the 11th (local time), "My current phone is a Samsung Galaxy Z Fold 4, which is a far cry from the heavy bricks I used to carry around in the early days of Microsoft." The Galaxy Z Fold4 used by Chairman Gates is known to have been directly gifted by Samsung Elec
[NewsSpace=JeongYoung Kim] Hyundai Motor Group has started building a new domestic car factory in Hwaseong, Gyeonggi Province, on the 11th of April, after a 29-year hiatus of not constructing any new plants in South Korea. The factory will be the first electric vehicle-only factory in the country and the world's first PBV(Purpose Built Vehicle) factory. PBVs refer to vehicles that are tailored to various business needs, such as delivery vans or mobile offices. They are receiving attention as vehicles that can respond to various demands in the era of electric cars. The company plans to inv
[NewsSpace=JeongYoung Kim] With Samsung Electronics leading the way, the KOSPI index rose above 2500 points on April 10th. The KOSPI closed at 2512.08, up 21.67 points (0.87%) from the previous day. This is the first time in 88 trading days since December 1, 2022 (2501.43) that the KOSPI has exceeded 2500 during trading hours, and the first time in about 8 months since August 18, 2022 (2508.05) in terms of closing price. Samsung Electronics' stock price rose for the second consecutive trading day after a 4.3% increase on April 7th. Samsung Electronics closed at 65,700 won, up 1.08% (700 w
[NewsSpace=JeongYoung Kim] Samsung Electronics, the leading company in Korea, has posted an unprecedented "earnings shock" due to the semiconductor downturn. Samsung Electronics' Q1 2023 operating profit was tentatively recorded at KRW 600 billion down 95.75% from the same period last year. It is the first time in 14 years since Q1 2009 that Samsung Electronics' quarterly operating profit has fallen below KRW 1 trillion. According to the preliminary earnings announcements of each company, LG Electronics' operating profit in Q1 this year was KRW 1.4974 trillion. LG Electr
[NewsSpace=JeongYoung kim] Hyundai Heavy Industries and Dong Sung Group, two major conglomerates in South Korea, have reportedly fallen victim to a ransomware attack, according to exclusive report. Ransomware is a combination of ransom and software, and is a type of virus that encrypts a user's computer data and then demands money and valuables in return for normal operation. The security industry analyzes that ransomware attacks have recently been concentrated in the manufacturing industry. Due to the nature of the industry, temporary production stoppages can also cause great damage, and
[NewsSpace=JeongYoung Kim] The safety level of Korean Air, the top airline in South Korea, has been ranked as the lowest among 11 domestic airlines. This evaluation was conducted by the Ministry of Land, Infrastructure and Transport, which conducted a comprehensive assessment of safety levels for large and low-cost carriers (LCCs) in 2022. Despite achieving record-high performance with sales of KRW 13.4 trillion and operating profit of KRW 2.8 trillion in the previous year, Korean Air ranked last in the most critical category of "accidents in the previous year" with a score of 4 out
[NewsSpace=JeongYoung Kim] The director of Nabi Art Center, Roh Soh-yeong, has filed a lawsuit claiming significant damages against Kim Hee-young. According to the legal industry on the 27th, Roh filed a damages suit against Kim, who is the director of the T&C Foundation, at the Seoul Family Court. The amount of damages demanded by Roh is KRW 3 billion. The reason for the lawsuit is that "Kim Hee-young caused the breakdown of Roh and Choi's marriage, resulting in severe mental anguish for Roh," Roh's side said. Regarding the reason for calculating the damages at KRW 3 bi
[NewsSPace=JeongYoung Kim] It has been reported that Choi Yoon-jung, the daughter of SK Group Chairman Choi Tae-won, has joined SK Biopharm's strategic investment team as its team leader. Recently, SK Holdings, the holding company of SK Group, and SK Biopharm established a task force (TF) for new drug development to create synergy in the pharmaceutical and biotech fields. Choi Yoon-jung has joined the TF as its team leader. According to industry sources on the 24th, SK formed the TF for innovation drugs on the 22nd of this month with SK Biopharm to create synergy in the pharmaceutical and
[NewsSpace=JeongYoungKim] LG Energy Solution is investing over 7 trillion won(KRW) to dominate the rapidly growing North American market. The company plans to produce cylindrical batteries and ESS (energy storage system) LFP batteries, and Tesla is being considered as a likely major customer for the cylindrical batteries, which are used extensively by the company. On March 24th, LG Energy Solution announced that it will invest 7.2 trillion won(KRW) to build a new cylindrical and ESS LFP battery plant in Queen Creek, Arizona, USA. The total production capacity of the plant will be 43 GWh, whic
[newsspace=jeongyoungkim] Korea society is now turbulent as ex-president’s grandson appayrently does drugs on YouTube livestream. Korea, once touted by the government as "drug-free," is seeing a fast rise in drug offences in upper class. Recently, a grandson of Byeoksan Group was arrested and charged with taking drugs. In October last year, a third-generation chaebol family and a singer were put on trial for trading or inhaling marijuana using their connections from studying abroad, raising concerns that Korea is no longer a clean area for drugs. Seven people, including Hong,
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