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People
Samsung Electronics chairman Lee Jae-yong inspects UAE Al Dhafra power plant site
Samsung Electronics Chairman Lee Jae-yong (이재용) visited the construction site of the Al Dhafra gas-fired power plant in Abu Dhabi, the company said. He encouraged local employees and discussed strategies to secure future growth engines and plans to enter new businesses with executives of Samsung C&T and Samsung E&A. Lee also reviewed the construction schedule and safety management. The company said the plant is intended to meet rising electricity demand in the UAE.
Industry
Samsung Electronics joins apartment heating and cooling electrification push, seeks nationwide rollout from 2028
Samsung Electronics is entering the electrification market for heating and cooling in apartments and other multi-family housing. The company announced a carbon-reduction plan based on its EHS All-in-One heat pump at a K-GX strategy briefing in Seoul. It plans to launch the product this year, establish a domestic supply base by 2027 and begin nationwide distribution in 2028 to 2029. Field demonstrations are under way, with plans for standards and partner training.
AI & Enterprise
K-AI strategy under scrutiny as battle heats up over decision AI models
Government AI policy is expected to be a key issue during this year’s state audit running from Oct. 6 to Oct. 30, with attention on the independently developed AI foundation model project, Dokpamo, and the details of a separate frontier AI development initiative. The decision AI model market has quickly shifted into a multi-player competition. The article also rounds up moves by OpenAI, Google, Meta, Microsoft, Nvidia, IBM and others, along with investments and regulatory concerns.
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AI & Enterprise
Six Samsung affiliates to invest $1 billion in U.S. AI infrastructure startup Helix
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Finance
KakaoBank launches \'One-month Savings with SSF SHOP\' in first tie-up with fashion platform
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Finance
KOSPI gives up gains despite semiconductor strength, closes at 7,080
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Finance
Foreign, institutional buying lifts chip stocks as KOSPI regains 7,100 level
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Finance
KOSPI gives up 2% early gain, ends just above 7,000
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Finance
KOSPI jumps more than 2 percent early on U.S. AI, semiconductor rally
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Finance
KOSPI reclaims 7,000 on institutional buying; Samsung Electronics jumps 5 percent
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Finance
KOSPI jumps 2.66% on semiconductor strength; Kosdaq also ends higher
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Finance
KOSPI ends near flat despite hawkish FOMC as foreigners net sell 2.3 trillion won
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Finance
Semiconductor rebound lifts KOSPI 1.37 percent, back above 6,700
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Industry
Samsung to pay 1.3 trillion won early to suppliers
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Finance
Foreign selling of 2.5 trillion won pulls KOSPI down 0.25%, but it holds 7,000
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Industry
Samsung Electronics opens dedicated EHS heat pump training center in Suwon
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Finance
KOSPI reclaims 7,000 level, up 1.40 percent on institutional buying
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Finance
KOSPI opens higher, renews bid to hold 7,000 level