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Two stocks have dominated the memory chip market: Samsung and SK Hynix . SK Hynix is already the primary supplier of HBM3 chips to Nvidia's AI chipsets. SK Hynix Trent Masters, global portfolio manager at Alphinity Investment Management, says he prefers SK Hynix. Nam Hyung Kim, partner at Arete Research, also prefers SK Hynix, giving it a buy rating and Samsung a neutral rating. "[But I] also anticipate a buying opportunity on SK Hynix once it is adjusted due to intensifying competition in HBM3E," said Kim.
Persons: TSMC, Masters, Nam Hyung Kim, Nam, Sung Kyu Kim, Kim, , Sheila Chiang Organizations: Big Tech, Nvidia, Samsung, SK Hynix, South, South Korean, CNBC, SK Hynix Trent Masters, Alphinity Investment Management, Micron, SK Hynix's, Arete Research, Daiwa Locations: Asia, Pacific, HBM3, HBM3E
Steve Barbo is leaving $12 billion ExodusPoint, a person close to the firm told Business Insider. The role will now be done by the firm's chief financial officer, Erik Addington. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementOne of ExodusPoint's early hires, treasurer Steve Barbo, is leaving the firm. A person close to the firm said Barbo's role will now be a part of chief financial officer Erik Addington's responsibilities.
Persons: Steve Barbo, Barbo, Erik Addington, , Michael Gelband, Hyung Lee, Erik Addington's Organizations: Business, Service, New, Millennium Locations: New York City
SEOUL, South Korea (AP) — A South Korean court on Monday acquitted Samsung Electronics Chairman Lee Jae-yong of financial crimes involving a contentious merger between Samsung affiliates in 2015 that tightened his grip over South Korea’s biggest company. The court said the prosecution failed to sufficiently prove the merger between Samsung C&T and Cheil Industries was unlawfully conducted with an aim to strengthen Lee’s control over Samsung Electronics. Lee had denied wrongdoing in the current case, describing the 2015 merger as “normal business activity.”Lee, 56, did not answer questions from reporters as left the court. Lee Jae-yong served 18 months in prison after being convicted in 2017 over separate bribery charges related to the 2015 deal. Some shareholders had opposed the 2015 merger, saying that it unfairly benefited the Lee family while hurting minority shareholders.
Persons: Lee Jae, Lee, ” Lee, Jin Kim, Lee Kun, Park, Yoon Suk, tycoons, Kim Tong, hyung Organizations: Samsung, Korea’s, Seoul Central, Cheil Industries, Samsung Electronics, Prosecutors, South, National Pension Service Locations: SEOUL, South Korea, Seoul, Ukraine
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe think SK Hynix will be one of the biggest beneficiaries of AI growth, analyst saysNam Hyung Kim, partner at Arete Research, says he has "no concern" about the South Korean memory chipmaker's underwhelming stock price after the release of its strong fourth-quarter earnings.
Persons: Nam Hyung Kim Organizations: SK Hynix, Arete Research
South Korea had no military reconnaissance satellites of its own in space and has partially resorted to the United States’ spy satellites to monitor moves by North Korea. The North Korean satellite launch sparked immediate, strong condemnations from the U.S., South Korea and others. North Korea responded angrily, saying it has sovereign rights to launch spy satellites to cope with what it calls increasing U.S. hostilities. Since 2022, North Korea has conducted about 100 ballistic missile tests — part of efforts to modernize its arsenal of weapons targeting South Korea and the United States. South Korea’s spy agency told lawmakers last week that Russia’s technological assistance likely enabled North Korea to place its spy satellite into orbit.
Persons: Sheryll Klinkel, Kim Jong Un, Hyung, Kim Organizations: VANDENBERG, North, California’s Vandenberg Space Force, SpaceX’s, SpaceX, South Korea’s Defense Ministry, South Korean, White, Pentagon, Korean, North Korean, United Nations, North Korea’s Defense Ministry, U.S . Space Command, U.S . Space Forces, Radio Free, Force, Associated Press Locations: South Korea, North Korea, United States, South, Korea, U.S, Radio Free Asia, North, , Japan, Ukraine, Russia, Seoul
NEW YORK (AP) — The already-alarming proliferation of child sexual abuse images on the internet could become much worse if something is not done to put controls on artificial intelligence tools that generate deepfake photos, a watchdog agency warned on Tuesday. In a written report, The U.K.-based Internet Watch Foundation urges governments and technology providers to act quickly before a flood of AI-generated images of child sexual abuse overwhelms law enforcement investigators and vastly expands the pool of potential victims. If it isn’t stopped, the flood of deepfake child sexual abuse images could bog investigators down trying to rescue children who turn out to be virtual characters. “That is just incredibly shocking.”Sexton said his charity organization, which is focused on combating online child sexual abuse, first began fielding reports about abusive AI-generated imagery earlier this year. It particularly targets the European Union, where there's a debate over surveillance measures that could automatically scan messaging apps for suspected images of child sexual abuse even if the images are not previously known to law enforcement.
Persons: “ We're, , Dan Sexton, , isn’t, Sexton, who’ve, , ” Sexton, they're, David Thiel, Kamala Harris, Susie Hargreaves, ” ___ O'Brien, Barbara Ortutay, Kim Organizations: Internet Watch Foundation, Court, IWF, European Union, Technology, Stanford Internet Observatory, U.S, Associated Press Locations: South Korea, Busan, Spain, London, Providence , Rhode Island, Oakland , California, Seoul
CNN —Lexi Thompson will make history when she tees off at the Shriners Children’s Open next week, becoming just the seventh woman ever to compete in a PGA Tour event. An 11-time winner on the LPGA Tour, the American received an unrestricted sponsor exemption to make the 132-player field competing for a $8.4 million prize purse at TPC Summerlin in Las Vegas from October 12. The appearance sees the 28-year-old joins Babe Didrikson Zaharias, Shirley Spork, Annika Sörenstam, Suzey Whaley, Michelle Wie West and Brittany Lincicome as the only women to ever compete at a PGA Tour event. “I was inspired when they did it,” Thompson told the PGA Tour. She has one major title to her name, having won the Kraft Nabisco Championship (now the Chevron Championship) in 2014.
Persons: Lexi Thompson, Didrikson Zaharias, Shirley Spork, Annika Sörenstam, Suzey Whaley, Michelle Wie West, Brittany Lincicome, Michael Owens, Thompson, Lincicome, , ” Thompson, agonizingly, Stuart Franklin, Kim “ Tom ” Joo Organizations: CNN, Shriners, LPGA, American, Phoenix, Tucson, TPC, PGA, US Solheim, Arkansas, Kraft Nabisco, Chevron, Team USA, Solheim, Getty, Shriners Children’s, Shriners Children, South Locations: Las Vegas, Kentucky, Spain, Europe
Western officials saw the summit with North Korea as an effort by Putin to secure a potential arms bonanza for his military. North Korea also could increase its ammunition production at Russia’s behest. Yang Uk, a security expert at South Korea’s Asan Institute for Policy Studies, noted that in addition to Soviet-designed armaments, North Korea also could share some of its latest military equipment. “There isn’t really much left in the policy toolbox in terms of addressing the challenges specifically from Russia and North Korea,” Park observed. It’s just basically not implementing sanctions.”A major factor Russia needs to consider while it seeks to expand ties with North Korea is China, Pyongyang's No.
Persons: Vladimir Putin, Kim Jong Un, Putin, Kim, Josef Stalin, Kim Il Sung, , John Park, Harvard Kennedy, it’s, James O’Brien, James Nixey, Volodymyr Zelenskyy, , Yang Uk, ” Yang, Leif, Eric Easley, “ Putin, ” Nixey, Antonio Guterres, “ It’s, It’s, Danica Kirka, Emma Burrows, Kim Tong, hyung, Kim Hyung Organizations: North, Putin, Harvard, U.S . State Department, Chatham House, South Korea’s Asan Institute, Policy Studies, Ewha University, U.S, Observers, Associated Press Locations: Pyongyang, Ukraine, Moscow, Asia, Korean, Korea, Russia, North Korea, , , Eurasia, London, U.S, Central, Eastern Europe, South Korea’s, Soviet, Vostochny, Seoul, China, South Korea, Europe, Washington, russia, ukraine
Along with ramping up its domestic arms production, Moscow is turning to an old ally with a vast arsenal — North Korea. That would be a remarkable reversal from the 1950-53 Korean War, when the Soviet Union provided the communist North with weapons and ammunition. Shoigu became the first Russian defense chief to visit North Korea since the 1991 collapse of the Soviet Union. “Russia is hoping that North Korea could swiftly establish support channels to provide it with war materials like ammunition, bombs and other supplies,” Hong said. U.S. officials have cast Moscow’s reach for North Korean weapons as a reflection of Russian military problems.
Persons: Kim Jong, Vladimir Putin, Sergei Shoigu, Putin, Kim Jong Un, , Alexander Gabuev, Shoigu, Kim, Dmitry Peskov, ” Kim, Hong Min, Hong, Wagner, Jake Sullivan, ” Sullivan, embolden Kim, Dmitry Medvedev, , Emma Burrows, Kim Tong Organizations: United, North, Soviet Union, Russian Defense, Carnegie Russia Eurasia Center, Kremlin, Moscow, Korean People’s Army, Seoul’s Korea Institute for National Unification, House, Washington, Strategic, International Studies, Ukrainian, Russian, Royal United Services Institute, Russia’s Security, Associated Press Locations: Ukraine, Russia, Moscow, North Korea, United States, Soviet, Soviet Union, Pyongyang, Korea, Russian, Hong, U.S, United Nations, ” Washington, Iran, Ukrainian, Tallinn, Estonia, Seoul
Many of the runways are on land owned by the Unification Church of South Korea, founded by Rev. The Unification Church is a major power in this unruly region. Byun, the Unification Church lawyer, provided Reuters with an April 2022 document the church sent to Paraguayan anti-narcotics prosecutors, urging an investigation into potential illicit activity. Trouble in paradiseThe alleged drug-running on its land isn’t the only trouble the Unification Church has faced in the Chaco. Byun, the church lawyer, acknowledged the tensions with locals in Puerto Casado but declined to comment on the Myungs or the fire.
Persons: Sun Myung, Michelle Byun, ” Byun, , Moon, God, , Miguel Ángel Servín, Servín, Rodrigo Alvarez, Elva Cáceres, Marco Alcaraz, Cynthia Tarrago, Tarrago, Raimundo Va, Rodrigo Alvarenga Paredes, Byun, Alvarenga, “ Alvarenga, Rodrigo Álvarez, Álvarez, Pedro Juan Caballero, ‘ Lawless, , Marcelo Pecci, José Carlos Acevedo, ” Acevedo, Pecci, Acevedo, Mario Abdo Benítez, James Laverty, Hak Ja, ” –, Carlos Casado, Anger, Locals, Lorenzo Myung, Martin Rodriguez, Rodriguez, Dora Irrazábal, Irrazábal, Alberto David Gauto, Gauto, Emilio Camacho, Moon’s, Hyun Jin, Preston, Hak, Hyung Jin, Sean, Massimo Introvigne, Sean Moon, Preston Moon, Puerto Casado, Virgilio Chamorro, Gabriel Stargardter, Daniela Desantis, Feilding, Tomas Bravo, John Emerson, Brian Thevenot Organizations: Unification Church of, Rev, Authorities, Reuters, Unification Church, Holy Spirit Association, South Korea’s Unification, Belgian, Sting, South, International Association of Parliamentarians, Peace, U.S . Federal Bureau of Investigation, Colorado Party, Yorker, U.S, Attorney, FBI, Capital Command, PCC, United Nations Office, Drugs, U.S . Drug, Carlos Casado SA, Salesian, Supreme, FARC, Peace Foundation, Center for Studies, New, Iron Ministries, Preston, Tomas Bravo Graphics Locations: Paraguayan, Unification Church of South Korea, SENAD Paraguay, Chaco, Paraguay, Korea, Bolivian, Peruvian, Atlantic, Brazil, Uruguay, Argentina, Europe, Argentine, Manhattan, , Antwerp, Europe’s, Servín, Asunción, Seoul, New York City, United States, New Jersey, Tarrago, Va, U.S, Byun, Alvarenga, Chile, Ecuador, Colombian, Bolivia, American, South America, America, Puerto Casado, Gauto, Preston, Turin, Italy, Pennsylvania, Puerto
Samsung has a window to regain market share from TSMC: Analyst
  + stars: | 2023-07-10 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailSamsung has a window to regain market share from TSMC: AnalystNam Hyung Kim of Arete Research discusses what Samsung needs to focus on to make gains on its competitors.
Persons: Nam Hyung Kim Organizations: Samsung, Arete Research
The return of perms
  + stars: | 2023-06-30 | by ( Yola Mzizi | ) edition.cnn.com   time to read: +4 min
Perms, or the permanent wave, have been a fixture of American culture since the late 19th century and reached peak popularity in the 1970s and 1980s. While beauty trends, like fashion, are cyclical, perms today differ greatly from those once seen on stars like Cher and Stevie Nicks, thanks to gentler products and digitized heat technology. Digital perms, or hot perms, have also become popular. “It certainly helps that K-Pop and K-Dramas are popular and the stars get perms, so that has made it more culturally acceptable,” said Chen. Wella’s Munz is hopeful the resurgence of perms will also encourage brands to further engage with the multicultural consumer.
Persons: Charles Chen, , , Cher, Stevie Nicks, perms, Roland Munz, Briana Dunning, Dunning, BTS’s, Kim Tae, Gong Yoo, Lydia Wolfe, Jack, Wolfe, Chen, Wella’s Munz Organizations: The, Fashion, CNN, Wella, Korean, Busan ”, perms Locations: perm, Manhattan, TikTok, perm ”, Euromonitor, Gen, Los Angeles, , Striiike, Korean, Korean perm, American perm, Busan, London
SEOUL, June 20 (Reuters) - The South Korean government has been ordered to pay hedge fund Elliott about $108.5 million, Elliott and the Ministry of Justice said on Tuesday, in an dispute settlement case stemming from the 2015 merger of two Samsung (005930.KS) affiliates. Elliott was a minority stakeholder in Samsung C&T and opposed the deal, deeming the terms of the merger unduly unfavourable to the company. The NPS, which approved the merger, held a larger stake in Samsung C&T and was viewed as a casting vote. The arbitration tribunal ordered the South Korean government to pay Elliott about $53.6 million in damages, plus delayed interest, as well as $28.9 million in legal fees, the justice ministry said, without elaborating. Elliott welcomed the decision in a statement, and urged South Korea to "pay the ultimate award rather than pursue baseless legal proceedings to challenge the Tribunal's decision".
Persons: Elliott, Moon Hyung, Park, hye, Joyce Lee, Sandra Maler Organizations: South, Ministry of Justice, Samsung, Elliott Investment, South Korean, Cheil Industries, Thomson Locations: SEOUL, The Hague, U.S, South, South Korea
Scroll through the gallery to see how the K-pop group went global. ilgan Sports/Multi-Bits/Getty Images BTS fans at the "Love Yourself" North American Tour at the Staples Center on September 9, 2018 in Los Angeles. Andrew Lipovsky/NBC/Getty Images BTS won all three awards they were nominated for at the 2021 American Music Awards held in Los Angeles. Theo Wargo/Getty Images BTS addressed Asian inclusion and representation at the White House in Washington, DC on May 31, 2022. “Being in America and not seeing that much of Asian representation, when I saw that seven Asian guys were trending … that totally like piqued my interest immediately.
Persons: Rowan Joss, Katie Myles ’, they’re, ’ ”, Joss, HYBE, Myles, Kim Tae, Jung Ho, Kim Nam, Kim Seok, Jeon Jung, kook, Min Yoon, Psy’s, , Chelsea Guglielmino, Jimmy Fallon, Andrew Lipovsky, Matt Winkelmeyer, Theo Wargo, Kent Nishimura, CedarBough Saeji, ” Saeji, Katie Myles, , hasn’t, Anthony Wallace, , Lisa Trinh, Diana Phung, they’ve, Trinh, they’ll, Jimin, Hwang Young, Startrip, Yoonjung Seo, Jungkook, dad, Justin Bieber, Selena Gomez, Ariana Grande, Shawn Mendes, it’s, Michelle Cho, It’s, Phung Organizations: Seoul CNN —, BTS, Records, YouTube, ilgan, Staples Center, Chelsea, NBC, Getty, White, Los Angeles Times, East Asian Studies, Pusan National University, ARMY, Ministry of Culture, Tourism, Tower, CNN, The, Guinness, Spotify, University of Toronto Locations: Hong Kong, Seoul, South Korea, Scotland, Los Angeles, Washington , DC, Korean, AFP, Seoul’s, California, Gangwon province, Busan, Korea, Cafe, America
Bad air can be dangerous, especially if you’re breathing it over a lifetime. In East Asia, years of chronic air pollution is one reason that wearing face masks was common well before the coronavirus pandemic. School children there are used to playing inside on bad air days. In South Korea, would-be presidents have made reducing air pollution part of their campaign platforms. In other cases, urban air has improved because of something that no one saw coming.
Persons: it’s, Paiboon, Rajasekhar Balasubramanian, , Lee Hyung, “ It’s Organizations: New York State, World Health Organization, National University of Singapore, World Bank, Mexico City Locations: Midwest, United States, Cities, Asia, Africa, America, New, Bangkok, South Asia, East Asia, Seoul, South Korea, China, Beijing, Indonesia, Southeast Asia, Mexico, New Delhi
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExpect Samsung to focus more on U.S. than China in terms of demand and supply, analyst saysNam Hyung Kim of Arete Research discusses how the company is managing U.S.-China tensions.
[1/2] Russian President Vladimir Putin and Chinese President Xi Jinping attend a welcome ceremony before Russia - China talks in narrow format at the Kremlin in Moscow, Russia March 21, 2023. Sputnik/Pavel Byrkin/Kremlin via REUTERSMarch 21 (Reuters) - Body language experts say Chinese President Xi Jinping came across as more relaxed and commanding than his Russian counterpart Vladimir Putin at Monday's televised first meeting of Xi's state visit to Moscow. "If you juxtapose it with Xi, Xi is the composed statesman," she said. Putin, 70, is in fact a few months older than Xi, and has been in power more than twice as long. Leong said Xi had offered a sign that he too had been feeling some pressure, blinking unusually frequently during the sit-down.
SEOUL, March 16 (Reuters) - As South Korean President Yoon Suk Yeol landed in Tokyo on Thursday his plan to patch up relations with Japan faces lingering scepticism at home. Sixty-four percent of the respondents said South Korea did not need to rush to improve ties with Japan if there were no change in Tokyo's attitude, according to the poll. Yoon is the latest of many South Korean conservatives who embrace the argument that Seoul must heal divides with Japan to confront security challenges. Boycotts of Japanese products and vacations have largely faded in South Korea, and a growing number of South Koreans are travelling to Japan as COVID restrictions ease. Three Japanese animated films are among the top five at box office in South Korea.
The summit is the same week as major South Korea-U.S. military drills that routinely anger Pyongyang, and North Korea has already staged multiple missile launches - a backdrop for the message that Japan, South Korea and the United States need to close ranks. In November South Korea and Japan agreed to exchange real-time intelligence on North Korea's missile launches, which experts say will help both countries better track potential threats. "South Korea is already taking a side and entering the Cold War," said Kim Joon-hyung, a former chancellor of the Korean National Diplomatic Academy. Yoon said high-tech cooperation on supply chains between Japan and South Korea would contribute significantly to economic security. 'SHARED INTERESTS'Washington had pressed for reconciliation, but a State Department spokesperson said the recent arrangements were the result of bilateral discussions between Japan and South Korea.
February performance figures show a mixed-bag at the top multi-strategy hedge funds. Citadel, continuing its winning streak, is up 2.8% so far, while Millennium is up just 0.5%. Some of the largest multi-strategy hedge funds had killer years in 2022 while much of the industry struggled. An unlikely winner is off to a torrid start after a challenging year in 2022: ExodusPoint is up 2.9% through February on the back of a 2% gain during the short month, according to people familiar with the matter. Citadel has continued its winning streak after record-breaking performance in 2022, up 2.8% this year, sources told Insider.
Last year, the company hired several Google staff to do "instrumental" work on ChatGPT. Data from LeadGenius and Punks & Pinstripes shows that a number of the company's 200-plus employees came from Alphabet, the parent company of Google and AI research lab DeepMind. OpenAI currently employs about 59 ex-Google employees and about 34 former Meta staff, according to the data. Data from Lead Genius and Punks & Pinstripes shows ex-Google staff make up a large portion of the company's staff. The Information previously reported that OpenAI hired several Google employees to do "instrumental" work on ChatGPT in the months leading up to its November launch.
a hedge fund recruiter said, commenting on the calculus for hedge fund investors. At the end of 2021, the fund's exposure had been evenly split between fixed-income and equities, according to the investor documents. In all, more than 60 portfolio managers departed or were let go in 2022, according to the investor documents and people close to the matter. After the shakeup, ExodusPoint's income stream is now even more reliant on fixed-income trading — and that may not be such a bad thing. "The fixed income piece is doing incredibly well," another hedge fund recruiter said.
North Korean drones flew into South Korean for the first time in five years on Monday. A local county office sent emergency text messages notifying residents of a new batch of North Korean drones. South Korean TV footage of a North Korean drone on December 26. It was the first time North Korean drones entered South Korean airspace since 2017. South Korean Defence Ministry/Getty ImagesOn Monday, South Korea sent its own surveillance assets, apparently unmanned drones, across the border as corresponding steps against the North Korean drone flights.
Battling Internationals split foursomes with U.S.
  + stars: | 2022-09-24 | by ( Steve Keating | ) www.reuters.com   time to read: +3 min
Sep 24, 2022; Charlotte, North Carolina, USA; Team USA golfer Collin Morikawa hits his tee shot on the 10th hole during the foursomes match play of the Presidents Cup golf tournament at Quail Hollow Club. The U.S. have dominated the biennial competition with an 11-1-1 record and started the day with an 8-2 lead and in position to register a Presidents Cup first - clinching the Cup on Saturday. With two sessions scheduled for a marathon day (foursomes and fourballs) the Americans had targeted the 15 1/2 total points needed to claim the title for a 12th time and extend their unbeaten run on home soil. The Internationals got another point when the South Korean pair of K.H. Register now for FREE unlimited access to Reuters.com RegisterReporting by Steve Keating in Charlotte.
Sep 23, 2022; Charlotte, North Carolina, USA; Team USA golfer Xander Schauffele hits his bunker shot on the eighth hole during the four-ball match play of the Presidents Cup golf tournament at Quail Hollow Club. Mandatory Credit: Peter Casey-USA TODAY SportsCHARLOTTE, N.C., Sept 23 (Reuters) - International captain Trevor Immelman vowed his men would fight to the final bell in the Presidents Cup but they were outclassed on Friday by the United States who dominated the fourballs by taking four of five points. Also earning a point for the U.S. were the stellar partnership of world numbers four and five Patrick Cantlay and Xander Schauffele, who hammered the Internationals most experience pair of Scott and Hideki Matsuyama 6&5 in foursomes. Kevin Kisner and Cameron Young also secured a half point for the U.S. as their match with Chile's Mito Pereira and South African Christiaan Bezuidenhout finished deadlocked. Register now for FREE unlimited access to Reuters.com RegisterReporting by Steve Keating in Charlotte; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.
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