Moon urges North Korea to return to negotiation table
Posted : 2021-05-10 16:25
Updated : 2021-05-11 10:26
President Moon Jae-in points at a journalist to take a question during a press conference at Cheong Wa Dae after a speech to mark his fourth anniversary of inauguration, Monday. Yonhap
President confident of November herd immunity goal
By Nam Hyun-woo
President Moon Jae-in said Monday that the new North Korea policy developed by President Joe Biden s administration was another chance for Pyongyang to begin dialogue, pledging he will do his utmost to facilitate talks between the two Koreas and the U.S. The U.S. consulted with the South Korean government on the policy from the beginning, in the belief that the prolonged breakdown in talks with the North is inappropriate, Moon said during a press conference marking his fourth anniversary in office.
How Samsung Fell Behind TSMC in the Race for Cutting-Edge Chips
(Nikkei Asia) Samsung Electronics Vice Chairman Lee Jae-yong flew to the Netherlands in fall 2020 despite the Covid-19 pandemic, seeking crucial semiconductor production equipment supplied exclusively by Dutch manufacturer ASML.
This equipment is indispensable for the South Korean company’s cutting-edge products. ASML says it has shipped about 100 units worldwide but more than 70% have gone to Samsung rival Taiwan Semiconductor Manufacturing Co.
The trip by Lee, Samsung’s de facto leader, signals the sense of crisis for the company, which has lost ground to TSMC in advanced semiconductors. Samsung is struggling in the mass production of advanced products such as the central processing unit which serves as the brain of smartphones and losing market share in contract manufacturing. Inferiority in cutting-edge products could weaken the competitiveness of other core items such as semiconductor memory and smart
Samsung heirs top Korea s stock-rich list
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After Samsung Group Chairman Lee Kun-hee (C) died in October, his son Lee Jae-yong (L, second row) became the richest South Korean businessman in terms of stock wealth, followed by Lee Kun-hee’s wife, second from left in the second row, and his two daughters on his flank. Photo courtesy of Samsung Group
SEOUL, May 6 (UPI) Heirs of Samsung Chairman Lee Kun-hee topped South Korea s most stock-rich people list thanks to the massive wealth they inherited after Lee died last year, according to the Korea CXO Institute.
The Seoul-based business tracker said Samsung Electronics Vice Chairman Lee Jae-yong became South Korea s richest business person in terms of stock wealth, with values reaching $8.5 billion as of the end of April.
The two daughters Lee Boo-jin and Lee Seo-hyun split the remaining shares at 2-for-1 respectively. Experts say this favors the leadership succession of Lee Jae-yong. From the fact that Samsung Electronics Vice Chairman Lee Jae-yong inherited half of the Samsung Life Insurance stocks, it seems that there won t be much change to the governance structure of Samsung Group. Samsung will now be led by Lee Jae-yong, and in the long run some Samsung affiliates may spin off and operate separately. For the remaining late chairman Lee Kun-hee s shares, the Samsung Group heirs have agreed to split them in accordance with the country s inheritance law.
Jae-yong bolsters grip on Samsung Electronics after inheritance April 30, 2021
Lee Jae-yong, the apparent heir of Samsung Group, bolstered his control of Samsung Electronics Co. with stocks inherited from his late father, an indication that the ownership structure of South Korea’s top conglomerate remains steadfast, affiliate filings showed on Friday.
Jae-yong, the vice chairman of Samsung Electronics, jacked up his stake in Samsung Life Insurance Co., to 10.44 percent from a meager 0.06 percent by inheriting half of late chief Lee Kun-hee’s stake.
Samsung Life Insurance is the largest shareholder in Samsung Electronics, the group’s crown jewel, with a 7.5 percent stake.