SAMSUNG BIOLOGICS SAW ITS Q1 NET PROFIT TO RISE BY 66.4%

Highlights –

• Samsung Biologics saw its Q1 net profit to rise by 66.4%.
• During January-April period the company’s net profit reached US$54.8 million.
• In the same period its operating profit rose 74.3 billion won.
• On We...

S. KOREA'S BUSINESS CHIEF’S DIVIDEND PAYMENTS ROSE 37.1% IN 2020

Highlights –

• S. Korea's business Chief’s dividend payments rose 37.1% in 2020.
• 39 heads of the nation's 50 conglomerates received a combined US$1.6 billion in 2020.
• Late Samsung Group Chairman Lee Kun Hee’s dividen...

SAMSUNG ELECTRONICS ASKED TO FOLLOW RULES ON EMPLOYMENT RESTRICTION

Highlights –

• Samsung Electronics asked to follow rules on employment restriction.
• Samsung Group’s independent compliance committee recommended the same.
• Lee is currently serving a 2 1/2-year prison term for bribing then-Presiden...

EX-HEAD OF SAMSUNG GROUP LIKELY TO BE DISMISSED FROM WELFARE FOUNDATION

Highlights –

• Ex-head of Samsung Group likely to be dismissed from welfare foundation.
• Lee Jae Yong has been sentenced to 2 ½ years of prison for a high-profile bribery case.
• The company’s public welfare foundation is like...

SAMSUNG DISPLAY TO BEGIN MASS-PRODUCTION OF OLED DISPLAYS FOR LAPTOPS

Highlights –

• Samsung display announces to mass-produce OLED displays for laptops.
• The company announced the start of production of its 90Hz OLED screen for laptops.
•  The display will boast faster screen response times than LCD sc...

BTS EARNS RECOGNITION WITH 2020 VAN FLEET AWARD FOR ENHANCING US-S.KOREA TIES

• South Korean K-pop boy band BTS earned itself the 2020 Van Fleet Award for its stellar contribution to enhancing strong ties between South Korea and the United States, South Korea's leading business lobby group said Thursday.
• The two other awardees include the famed Korean ...

SAMSUNG BIOLOGICS CO. HAS SIGNED CMO WITH GLAXOSMITHKLINE

Highlights –

• Biopharmaceutical company Samsung Biologics Co. has signed CMO with GlaxoSmithKline.
• It has signed a deal worth $231 million.
• The contract is effective for eight years.
• Samsung Biologics will commercially prod...

SAMSUNG ELECTRONICS MAY BE EFFECTED DUE TO TRAVEL BAN BY VIETNAM

Highlights –

• Samsung Electronics was supposed to send some 700 engineers to Vietnam for production OLED modules
• Vietnam Govt. has restricted travelers from South Korea due to the epidemic
• Samsung is the biggest foreign business opera...