AsiaToday reporter Choi Won-youngSouth Korean companies have ramped up their efforts to support Busan’s bid to host World Expo 2030. In particular, th..
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.
Hyundai Motor, Samsung SDI forming battery partnership
Posted : 2021-04-13 16:32
Updated : 2021-04-13 16:44
Samsung SDI s booth at the International Electric Vehicle Expo, held on Jeju Island in 2016 / Courtesy of Samsung SDI
By Kim Bo-eun
Hyundai Motor is seeking to build a partnership with Samsung, at this time when the carmaker is pushing forward with its shift to eco-friendly future vehicles. The partnership is focused on developing each company s strategic interests: Hyundai Motor is in need of EV batteries and automotive components, while Samsung is able to provide them.
Samsung s battery-making unit is developing a cylindrical battery to be used in Hyundai s new hybrid vehicle models. Samsung SDI has not yet supplied EV batteries to Hyundai Motor. SK Innovation, LG Energy Solution and China s CATL have supplied the batteries for Hyundai s E-GMP EV platform.