The Minute to Read (Weekdays) series provides a quick overview of significant events in Korea everyday, conveniently condensed into a one-minute read. Here’s a recap of what happened yesterday: Mar. 25.
Samsung Electronics Vice Chairman Han Jong-hee dies of heart attack
Han Jong-hee, vice chairman and CEO of Samsung Electronics, passed away from a heart attack on Mar. 25 after collapsing three days earlier. A 37-year veteran of the company, Han played a key role in making Samsung the global leader in TVs and most recently led the SET division, overseeing consumer electronics and mobile devices. He was widely respected for his leadership and vision, particularly in advancing AI, robotics, and next-generation technologies.
Hyundai bet big on chips with in-house development push
Hyundai Motor Group is accelerating efforts to develop its own automotive semiconductors, shifting from reliance on external suppliers to in-house development and strategic partnerships, as part of a broader industry trend sparked by pandemic-era chip shortages and the rise of electric and autonomous vehicles. Automakers worldwide, including Toyota, GM, and Stellantis, are investing in chip design, forming joint ventures, and streamlining supply chains to ensure stable access to the components critical for next-generation cars.
LG expands in Global South with new factories in India, Brazil
LG Electronics is shifting its global production and growth strategy toward the “Global South,” focusing on emerging markets like India and Brazil amid changing global supply chains. The company is building new factories, expanding R&D, and boosting B2B and subscription services to meet rising demand for premium appliances in these regions. Sales in key Global South markets rose 13.2% last year, more than double LG’s overall growth.
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