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Ruling party lawmaker calls for release of Samsung vice chairman


Ruling party lawmaker calls for release of Samsung vice chairman
Posted : 2021-05-05 17:04
By Jung Da-min
Rep. Lee Won-wook of the ruling Democratic Party of Korea (DPK), a close aide to former Prime Minister Chung Sye-kyun, has called for a presidential pardon for Lee Jae-yong, vice chairman of Samsung Electronics and de facto head of Samsung Group.
Rep. Lee Won-wook of the ruling Democratic Party of Korea / Korea Times fileRep. Lee s claim is causing a stir as Cheong Wa Dae has reiterated that it is not considering a pardon for the Samsung heir, who is imprisoned for bribery. A senior presidential office official said Tuesday that Cheong Wa Dae has the same answer as before at this point on the issue. ....

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Samsung chief's sister may take role in group's financial units


Samsung chief s sister may take role in group s financial units
Posted : 2021-05-03 16:35
Updated : 2021-05-03 17:42
Hotel Shilla CEO Lee Boo-jin, left, poses by the hotel entrance in central Seoul, in this photo taken in May 2015. Korea Times file
By Yi Whan-woo
After the death of Samsung Group Chairman Lee Kun-hee, investors are focused on whether or not Samsung Electronics will pursue a more simplified business structure, with the late Samsung chairman s scions taking respective roles within the conglomerate.
Samsung has remained tight-lipped about any restructuring plans, but a possible scenario is that Samsung Vice Chairman Lee Jae-yong will manage the group s tech affiliates, while his younger sister Lee Boo-jin, also Hotel Shilla CEO, could take a role in managing the conglomerate s financial units, according to industry sources, Monday. ....

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Samsung set to complete stability of 'HBM-PIM' chips


By Baek Byung-yeul
Samsung Electronics is further deepening its technology moat in the semiconductor sector as the Korean tech giant is set to complete test verification of next-generation memory chips that feature artificial intelligence (AI) technology.
The world s largest memory chipmaker has developed high bandwidth memory (HBM) integrated with AI processing power, called HBM-PIM, for the first time in the industry.
The new processing-in-memory (PIM) architecture brings powerful AI processing capabilities inside high-performance memory. The new product enables existing computing system to process data much faster while data doesn t need to be moved to a main CPU for processing, the company said. ....

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