Samsung debuts world's first Micro RGB TV
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Korea Herald
10 hours ago
- Korea Herald
National security adviser meets visiting US representatives ahead of Lee-Trump summit
National Security Adviser Wi Sung-lak met with two visiting US Representatives on Tuesday and discussed ways to bolster industrial cooperation and the alliance between the two nations, the presidential office said. Wi met Rep. Beth Van Duyne and Rep. Richard McCormick, as President Lee Jae Myung is preparing to hold his first summit with US President Donald Trump in Washington on Aug. 25. He highlighted that Korean companies have been investing in strategic sectors, such as semiconductors and automotive batteries, in their districts of Texas and Georgia, asking for their support to further advance the bilateral alliance and industrial cooperation for "win-win" outcomes, the office said in a release. Samsung Electronics has been building a new semiconductor manufacturing facility in Taylor, Texas. Hyundai Motor Group is constructing a new electric vehicle plant in Georgia and partnering with Korean battery maker SK On to build a battery plant there, in addition to SK On's two battery plants in the state. Wi expressed his expectation that Lee and Trump will reaffirm the strong alliance and have in-depth discussions on ways to advance it, and the two lawmakers pledged their full support for a successful summit, the office said. Van Duyne and McCormick also promised to support further US investments by Korean companies to strengthen economic cooperation and pledged to work together for bipartisan support in Congress for the Korea-US alliance, it noted. (Yonhap)
Korea Herald
18 hours ago
- Korea Herald
Samsung debuts world's first Micro RGB TV
THE BIG PICTURE — Samsung Electronics on Tuesday unveiled the world's first Micro RGB TV, featuring ultra-fine RGB color backlight technology on a 115-inch screen. Equipped with the Micro RGB AI engine for real-time color optimization and motion correction, the premium model comes with a sleek metal frame design. The tech giant said it would debut the model in South Korea before rolling it out in the US and other markets. (Samsung Electronics) herim@
Korea Herald
2 days ago
- Korea Herald
Korean parts makers brace for price pressure from US tariff fallout
Tariff uncertainty clouds outlook for Korean display, camera module and other component exports South Korea's electronic component makers are on high alert as Washington is expected to announce new item-specific tariff rates, including those on semiconductors, as early as this week. According to industry sources on Monday, even if US President Donald Trump's proposed '100 percent tariff on semiconductors' is waived for Samsung Electronics and SK hynix due to their investment in US chip plants, uncertainty remains over whether semiconductors embedded in finished goods would also be exempt. Suppliers fear inevitable pressure to cut component prices if high tariffs are imposed on end products such as smartphones and PCs. 'The US may grant semiconductor tariff exemptions, but those are likely to apply only to products exported directly to the US,' said Han Ah-reum, a researcher at the Korea International Trade Association. 'The exemption may not apply for finished goods, making the scope of exemptions a critical issue going forward.' The US Department of Commerce is expected to release its list of semiconductor-related derivative products soon, following its investigation under Section 232 of the Trade Expansion Act. In April, US Commerce Secretary Howard Lutnick said that smartphones, computers and some other electronics will come under separate tariffs. This signals that tariffs could be applied to a broad range of devices to boost US production. If such tariffs are imposed on consumer electronics, profitability at electronics makers such as Samsung Electronics and LG Electronics is likely to take a hit. Component makers worry that the higher cost burden for their clients will cascade down to price-cutting pressure on suppliers. Samsung Display CEO Yi Chung told local reporters on Thursday, 'If tariffs from the US raise the prices of finished products, that could lead to downward pressure on display and other component prices. We are watching the situation closely.' Industry watchers warn that higher prices for consumer electronics could further dampen already sluggish consumer sentiment in the US market. 'If smartphones and PCs are categorized as semiconductor derivative products, maintaining the current retail prices will be difficult,' said an industry official who requested anonymity. 'If prices inevitably rise, demand in the US will shrink, triggering a cycle of reduced demand for semiconductors and components overall.' With the US-led global trade war expected to persist for a while, the parts industry is closely watching supply chain strategies of major electronics manufacturers such as Samsung, Apple and LG. 'Apple has recently unveiled large-scale investment plans in the US in a bid to ramp up domestic production, signaling an ongoing reshuffle of global supply chains,' said the anonymous industry source. 'Korean suppliers of key components such as displays and camera modules are also reviewing adjustments in their production ratios by country as part of their response.' Korean component makers have already weathered a series of tariff disputes driven by the US government's country-specific duties. Samsung Electro-Mechanics put its Mexican plant construction plans on hold after Washington threatened a 30 percent tariff on Mexican imports. Mexico later secured a 90-day grace period and negotiated the rate down to 25 percent. Similarly, Vietnam — where LG Innotek, Samsung Display and other Korean component makers have major production bases — was initially hit with a 46 percent tariff, which was later reduced to 20 percent through negotiations.
