2020 Interim Business Report for the Quarter Ended September 30, 2020

Total Page:16

File Type:pdf, Size:1020Kb

2020 Interim Business Report for the Quarter Ended September 30, 2020 SAMSUNG ELECTRONICS Co., Ltd. 2020 Interim Business Report For the quarter ended September 30, 2020 Certain statements in the document, other than purely historical information, including estimates, projections, statements relating to our business plans, objectives and expected operating results, and the assumptions upon which those statements are based, are “forward-looking statements.” Forward-looking statements are based on current expectations and assumptions that are subject to risks and uncertainties which may cause actual results to differ materially from the forward-looking statements. A detailed discussion of risks and uncertainties that could cause actual results and events to differ materially from such forward-looking statements is included in our financial reports available on our website. See, also, 『Note on Forward-Looking Statements』 in preamble of 『II. Business Overview』. Samsung Electronics Interim Business Report 1 / 208 Table of Contents Certification ........................................................................................................................................................................... 3 I. Corporate Overview ........................................................................................................................................................... 4 II. Businesses Overview ..................................................................................................................................................... 25 III. Financial Affairs .............................................................................................................................................................. 63 IV. Management Discussion and Analysis ....................................................................................................................... 133 V. Auditor’s Report ............................................................................................................................................................ 134 VI. Corporate Governance ................................................................................................................................................ 139 VII. Information on Shareholders ..................................................................................................................................... 157 VIII. Executives and Employees ....................................................................................................................................... 163 IX. Affiliates and Subsidiaries .......................................................................................................................................... 168 X. Related Party Transactions .......................................................................................................................................... 197 XI. Other Information ......................................................................................................................................................... 200 Samsung Electronics Interim Business Report 2 / 208 Certification Letter of Certification We, Ki-nam Kim and Yoon-ho Choi, as a CEO and the executive in charge of reporting, respectively, certify that we have thoroughly reviewed the interim business report of Samsung Electronics Co., Ltd. for the third quarter of 2020. Based on our knowledge, this report does not contain any untrue statements of material facts or omit any material facts; and it does not contain any statements that are intentionally misleading for the users of the information in the report. We confirm that Samsung Electronics operates the Internal Controls over Financial Reporting, as defined in Article 8 of the Act on External Audit of Stock Companies. Date: November 16, 2020 Samsung Electronics Interim Business Report 3 / 208 I. Corporate Overview 1. Overview A. Legal, commercial name: - Samsung Electronics Co., Ltd. B. Date of establishment: - Samsung Electronics Co., Ltd. (“SEC” or “the Company”) was established as Samsung Electronics Industry Co., Ltd. on January 13, 1969, and held an initial public offering on June 11, 1975. - SEC changed its name from Samsung Electronics Industry Co., Ltd. to Samsung Electronics Co., Ltd. following a resolution passed at the Annual General Meeting (AGM) of shareholders on February 28, 1984. C. Address, phone number, and English language website of the corporate headquarters - Address: 129, Samsung-ro, Yeongtong-gu, Suwon, Gyeonggi-do, Korea - Phone Number: 82-31-200-1114 - Website: https://www.samsung.com/sec D. The Company is not subject to Article 2 of the Framework Act on Small and Medium Enterprises. E. Core businesses - The Company (defined below) consists of business divisions that operate independently: CE (Consumer Electronics); IM (Information Technology & Mobile Communications); DS (Device Solutions); and Harman (Harman International Industries, Inc. and its subsidiaries), which produces automotive electronics components. Products in each Division are presented below: Division Products CE TVs, monitors, refrigerators, washing machines, air conditioners, etc. IM HHPs, network systems, computers, etc. DS DRAM, NAND flash, mobile APs, OLED smartphone panels, LCD TV panels, etc. Harman Digital cockpits, telematics, speakers, etc. SEC is a global electronics firm comprised of the headquarters in Korea and 242 subsidiaries (collectively, “Samsung Electronics” or the “Company”) across the world, including 9 regional headquarters for the CE and IM Divisions, 5 regional headquarters for the DS Division, and Harman’s subsidiaries. [CE Division] The CE Division is satisfying customers’ needs and leading the global digital era by continuously offering new products featuring innovative technology, unique designs, and enhanced value propositions. TV is the core product of CE. The Company has maintained its position as the market leader for 14 consecutive years by leveraging competitive advantages in hardware such as LCD/LED TVs as well as software driven product features within our Smart TV product portfolio. We will continue to expand our market leadership based on our competitive edge in the premium segment through our 8K QLED and ultra-large products to name a few. Samsung Electronics Interim Business Report 4 / 208 [IM Division] The IM Division operates the Mobile Communication Business, which produces and sells smart mobile devices such as smartphones, tablets, and wearables. For smartphones, a key product of the business, we have developed a lineup ranging from low-end right through to premium models, and have achieved growth in both advanced and emerging markets with the Galaxy series. We will lead growth of the smartphone market and deliver exceptional user experiences by: 1) offering innovative hardware features such as new form factors (based on flexible OLED technology), high-definition cameras, biometric sensors, and battery charger technologies; 2) improving software capabilities of mobile payment service Samsung Pay and AI platform Bixby; and 3) investing in future growth drivers such as Cloud, IoT, healthcare, AR, and VR. At the same time, we will lead the global 5G market based on our end-to-end solutions, which encompass handsets, chipsets, as well as our commercialization experience in initial 5G markets. [DS Division] The Memory Business, System LSI Business, Foundry Business, and Display Panel (“DP”) Business make up the DS Division. The Memory Business manufactures and sells DRAM and NAND products; the System LSI Business designs and sells mobile application processors (“mobile APs” or “APs”) and camera sensor chips; the Foundry Business is in charge of consignment production of semiconductors; and the DP Business manufactures and sells display panels. The Company constantly works to increase its influence on end-product manufacturers and create new demand through technological breakthroughs and the development of high quality components as it has done with APs—which serve as the brains of mobile products—and with memory components like DRAM via enhanced capacity and density. The Memory Business has maintained its position at the top of the global memory market by sustaining cost competitiveness and applying the latest advanced process technology in each technological iteration. The System LSI Business has not been complacent, expanding its focus from mobile to include automotive chips, and will stay at the forefront of the market by offering differentiated products such as APs and CISs and strengthening competitiveness via its advanced manufacturing process technology. In 2019, the Foundry Business introduced the world’s first 7-nano product manufactured with EUV technology. Leveraging its capabilities, the business will gain market leadership in 2020 with 4- and 5-nano EUV processes and timely development of next-generation technologies such as 3-nano process using GAA (gate-all-around) technology. We are expanding the business by diversifying our product portfolio, which includes CISs, DDIs, and PMICs. In the Display division, the mobile panel business’s differentiated technology is a main factor behind the increased adoption of OLED panels, while its release of products in new applications—such as foldable devices, rollable devices, and automotives—has expanded the overall market. Meanwhile, the large panel business is focusing on premium products such as high-definition, ultra-large, QD TVs and is enhancing its competitiveness through continuous improvements in
Recommended publications
  • Certain Corrosion-Resistant Steel Products from the Republic of Korea: Preliminary Results of Antidumping Duty Administrative Review; 2019-2020
    This document is scheduled to be published in the Federal Register on 08/05/2021 and available online at federalregister.gov/d/2021-16725, and on govinfo.govBILLING CODE: 3510-DS-P DEPARTMENT OF COMMERCE International Trade Administration [A-580-878] Certain Corrosion-Resistant Steel Products from the Republic of Korea: Preliminary Results of Antidumping Duty Administrative Review; 2019-2020 AGENCY: Enforcement and Compliance, International Trade Administration, Department of Commerce. SUMMARY: The Department of Commerce (Commerce) preliminarily determines that certain corrosion-resistant steel products (CORE) from the Republic of Korea (Korea) were sold in the United States at less than normal value (NV) during the period of review of July 1, 2019, through June 30, 2020. DATES: Applicable [INSERT DATE OF PUBLICATION IN THE FEDERAL REGISTER]. FOR FURTHER INFORMATION CONTACT: Jaron Moore or Brian Smith, AD/CVD Operations, Office VIII, Enforcement and Compliance, International Trade Administration, U.S. Department of Commerce, 1401 Constitution Avenue, NW, Washington, DC 20230; telephone: (202) 482-3640 or (202) 482-1766, respectively. SUPPLEMENTARY INFORMATION: Background On October 3, 2016, Commerce published the antidumping duty order on CORE from Korea.1 Commerce initiated this administrative review on September 3, 2020.2 This review 1 See Certain Hot-Rolled Steel Flat Products from Australia, Brazil, Japan, the Republic of Korea, the Netherlands, the Republic of Turkey, and the United Kingdom: Amended Final Affirmative Antidumping Determinations for Australia, the Republic of Korea, and the Republic of Turkey and Antidumping Duty Orders, 81 FR 67962 (October 3, 2016) (Order). 2 See Initiation of Antidumping and Countervailing Duty Administrative Reviews, 85 FR 54983 (September 3, 2020) (Initiation Notice).
    [Show full text]
  • Download Report
    2018 Sustainability Report VAL UES & VEL OCITY Thhe espesepd eofeindnoovaftioin ins oa vpaart ioof onuricsulaturpe atrHtARoMfAoNu. r cBuut lintualrl eweadto, HweAteRmMperAthNe .velocity of change with unchanging values, integrity and a commitment to sustainability. But in all we do, we temper the velocity of change with unchanging values, integrity and a commitment to sustainability. © Harman. All rights reserved. INNOVATION Designing and engineering products that enhance user experiences, increase safety and consume less energy mmrnml':!"'ffl':1£WN - M,,!4 \4·1 ji,i ri-1 .., ,. J ,rt ;,.w _ ":4.Y, ''.'I 1tJIH It. b "ff lie J Cl 1 Uf}1, 6 !e'(Ub -- ! ..:..:, _ _fi::* ; • · MM -= - ·'.' ffl'JJ I L b 'f /,_j'I 1"100 ·,-,.,t, l!&Ju • • t.f,, t "" """" ...- • · oo JlJJ.J «. & fff>N;b • e, .1.· JM "lA e 4bN•• -- r , ENGINEERING Advancing solutions for improved efficiency - for ourselves, our partners and our customers WHO WE ARE We combine values and agility to design and deliver smart products, systems, software and services that connect people wherever they are. COMMUNITY & CORPORATE CITIZENSHIP HARMAN is charged to inspire the next generation of leaders through the power of Music & STEAM education and community mentoring. We foster meaningful connections within our community & global nonprofit organizations. The passion of our employees can be witnessed during global Signature Days, community events and their own individual volunteerism. 3 2016 Harman Sustainability Report CONTENTS MOVING FORWARD President and CEO Message................................. 5 Products and Innovation ......................................... 7 Community and Corporate Citizenship .................... 10 Supply Chain ........................................................ 20 Environmental Performance in Operations .............. 24 WHO WE ARE About This Report ...............................................
    [Show full text]
  • Effectiveness of Smartwatch Guidance for High-Quality Infant Cardiopulmonary Resuscitation: a Simulation Study
    medicina Article Effectiveness of Smartwatch Guidance for High-Quality Infant Cardiopulmonary Resuscitation: A Simulation Study Seong A Jeon 1, Hansol Chang 1,2, Sun Young Yoon 2, Nayeong Hwang 3, Kyunga Kim 3, Hee Yoon 1, Sung Yeon Hwang 1 , Tae Gun Shin 1 , Won Chul Cha 1,2,4 and Taerim Kim 1,* 1 Department of Emergency Medicine, Samsung Medical Center, Sungkyunkwan University School of Medicine, Seoul 06351, Korea; [email protected] (S.A.J.); [email protected] (H.C.); [email protected] (H.Y.); [email protected] (S.Y.H.); [email protected] (T.G.S.); [email protected] (W.C.C.) 2 Department of Digital Health, Samsung Advanced Institute for Health Sciences and Technology, Sungkyunkwan University, Seoul 06355, Korea; [email protected] 3 Biostatistics and Clinical Epidemiology Center, Samsung Medical Center, Seoul 06351, Korea; [email protected] (N.H.); [email protected] (K.K.) 4 Health Information and Strategy Center, Samsung Medical Center, 81 Irwon-ro Gangnam-gu, Seoul 06351, Korea * Correspondence: [email protected]; Tel.: +82-2-3410-2053; Fax: +82-2-3410-0049 Abstract: Background and objectives: As in adults, the survival rates and neurological outcomes after infant Cardiopulmonary resuscitation (CPR) are closely related to the quality of resuscitation. This study aimed to demonstrate that using a smartwatch as a haptic feedback device increases the quality of infant CPR performed by medical professionals. Materials and methods: We designed a prospective, randomized, case-crossover simulation study. The participants (n = 36) were randomly allocated to Citation: Jeon, S.A.; Chang, H.; Yoon, two groups: control first group and smartwatch first group.
    [Show full text]
  • Past, Present and Future Harman International 2004 Annual Report
    Harman International 2004 Annual Report Past, Present and Future Our cover is a rendering of the new Shanghai, China Oriental Arts Center. Now under construction for the 2008 Olympics, it will incorporate two concert halls, an opera house and an eleven hundred seat theater. The Oriental Arts Center is one of many totally new theatres, athletic stadia and performing art centers being built to serve the most expansive Olympics in history. Harman International has received a number of significant awards and we expect to be very well represented. China is a compelling and sometimes tantalizing story for everyone. Our past, our present and our future are writ large there. Ten years ago Harman found a voracious market for our quality home audio equipment. That was the past. Numbers of very competent Chinese manufactures have developed in the years since, and have produced excellent products with increasingly recognized Chinese brand names. That is not a promising busi- ness situation for us, although our upcoming new media centers may generate revived interest—at least for a time. Our present is represented on the cover of this report. As China surges economically, its need for supportive infrastructure grows exponentially. Our professional systems are without peer, and we expect that part of our business to grow and flourish everywhere, but especially in China. It is clearly our present. The great opportunity before us, not surprisingly, is in automotive. Predictably, China is developing as a major market for automobiles and, consequently, for our Infotainment systems. We are the leader in Europe today and we are confident that we will be the leader in North America.
    [Show full text]
  • People's Interactions with Cognitive Assistants for Enhanced
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by ScholarSpace at University of Hawai'i at Manoa Proceedings of the 51st Hawaii International Conference on System Sciences j 2018 People’s Interactions with Cognitive Assistants for Enhanced Performances Md Abul Kalam Siddike Jim Spohrer Haluk Demirkan Japan Advanced Institute of IBM Research University of Washington- Science and Technology [email protected] Tacoma [email protected] [email protected] Youji Kohda Japan Advanced Institute of Science and Technology [email protected] Abstract When cognitive computing enabled smart CAs can provide people high-quality computers are growing in our daily lives, there are not recommendations and help them make better data many studies that explain how people interact and driven decisions [4]. People problem solving utilize these solutions, and the impact of these smart capabilities significantly augmented by the interaction machines to people’s performance to do things. In this of people and CAs [24] [26]. Cognitive computing and paper, a theoretical framework for boosting people’s sensor technologies have begun to emerge to augment performance using cognitive assistants (CAs) was and scale the capabilities of people in specific ways developed and explained using the data analysis from [11] [16]. Smart machines can potentially progress 15 interviews. The results show that people interaction from cognitive tools to assistants to collaborators to with CAs enhance their levels of cognition and coaches, and be perceived differently depending on the intelligence that help them to enhance their role that they play in a service system [21].
    [Show full text]
  • Potential of Cognitive Computing and Cognitive Systems Ahmed K
    Old Dominion University ODU Digital Commons Modeling, Simulation & Visualization Engineering Modeling, Simulation & Visualization Engineering Faculty Publications 2015 Potential of Cognitive Computing and Cognitive Systems Ahmed K. Noor Old Dominion University, [email protected] Follow this and additional works at: https://digitalcommons.odu.edu/msve_fac_pubs Part of the Artificial Intelligence and Robotics Commons, Cognition and Perception Commons, and the Engineering Commons Repository Citation Noor, Ahmed K., "Potential of Cognitive Computing and Cognitive Systems" (2015). Modeling, Simulation & Visualization Engineering Faculty Publications. 18. https://digitalcommons.odu.edu/msve_fac_pubs/18 Original Publication Citation Noor, A. K. (2015). Potential of cognitive computing and cognitive systems. Open Engineering, 5(1), 75-88. doi:10.1515/ eng-2015-0008 This Article is brought to you for free and open access by the Modeling, Simulation & Visualization Engineering at ODU Digital Commons. It has been accepted for inclusion in Modeling, Simulation & Visualization Engineering Faculty Publications by an authorized administrator of ODU Digital Commons. For more information, please contact [email protected]. DE GRUYTER OPEN Open Eng. 2015; 5:75–88 Vision Article Open Access Ahmed K. Noor* Potential of Cognitive Computing and Cognitive Systems Abstract: Cognitive computing and cognitive technologies 1 Introduction are game changers for future engineering systems, as well as for engineering practice and training. They are ma- The history of computing can be divided into three eras jor drivers for knowledge automation work, and the cre- ([1, 2], and Figure 1). The first was the tabulating era, with ation of cognitive products with higher levels of intelli- the early 1900 calculators and tabulating machines made gence than current smart products.
    [Show full text]
  • Si1+ Si+ Series Brochure
    Soundcraft, Harman International Industries Ltd., Cranborne House, Cranborne Road, Potters Bar, Hertfordshire EN6 3JN, UK T: +44 (0)1707 665000 F: +44 (0)1707 660742 E: soundcraft.info@harmancom Soundcraft USA, 8500 Balboa Boulevard, Northridge, CA 91329, USA T: +1-818-920-3212 F: +1-818-920-3208 E: [email protected] www.soundcraft.com Part No: BD10.520301 04/12 Best new product Most innovative audio console for commercial installation When going digital is this easy, why stay analogue? When you need massive mixing power in a compact footprint, you need a Soundcraft Si Series console – the multi award-winning ‘one box’ digital mixing system that feels like an analogue mixer. • 80 inputs to mix (Si3+, Si2+) / 72 inputs to mix (Si1+) • 64 mono mic inputs as standard (Si3+, Si2+) / 48 mono mic inputs as standard (Si1+) • 4 stereo inputs and 4 dedicated FX returns, plus 8 assignable external inserts Maximum power, minimum footprint • Remote Stagebox options with MADI connection • 24 Group/Aux/FX outputs • 8 Matrix outputs with sends from all Group, Aux, FX and Main L/R/C busses • 12 VCA Groups and 8 independent Mute Groups • 4-band fully parametric EQ on every input and output, with HPF on every input • 35 full 30-band BSS Audio graphic equalisers • 4 independent stereo Lexicon FX processors • Compressor and gate on every input, compressor on every output • Delay adjustable on every input and output • Metering for every Group/Aux/FX, Masters and Monitors/Solo • Full DSP horsepower to handle all functions at any time. PAGE 4/5 Si2+ rear panel view With no external processing rack, an Si Series console For remote connections, an optional Compact Stagebox Just plug it in simply plugs in where your analogue console used to be, with 32 inputs and 8 outputs is available (configurable), immediately delivering the full power of a sophisticated which connects via MADI (optional MADI card required).
    [Show full text]
  • Resume - Page 2
    Adam Cheyer Phone: 510 388-2121 E-Mail: [email protected] Summary of Qualifications Founder: Viv Labs (an intelligent interface to everything); Siri, Inc. (virtual personal assistant, acquired by Apple); Sentient.ai (massively-distributed machine learning); Founding Member: Change.org (150M people taking action). VP Engineering: Verticalnet (NASDAQ:VERT), Dejima Inc., Siri Inc., Viv Labs. Engineering Director, Apple. Researcher/Inventor: 60+ peer-reviewed publications and 26 issued patents in fields of Intelligent Agents, User Interfaces, Distributed Computing. At SRI, Chief Architect for CALO, DARPA’s $200M machine learning project. Experience Co-Founder & VP Engineering, Viv Labs September 2012 - present Viv Labs radically simplifies the world by providing an intelligent interface to everything. n Built first prototype of end-user application, platform, and dev tools to explore and communicate the vision. n Engineering management: hiring, setting product roadmap and milestones, leading engineering meetings. n Domain modeling and data/service integration for numerous domains including food, wine, local search, games, chat, stocks, and date/time understanding (JavaScript, Java, SixTree). Director of Engineering, Apple April 2010 - June 2012 Apple’s Siri revolutionized the voice interface experience on hundreds of millions of devices. n Overall responsibility for server-side engineering for Siri: AI algorithms, scalable platform, application domains, data & tools, deployments and ops. Co-Founder & VP Engineering, Siri March 2008 - April 2010 Siri was the first commercially available broad-domain spoken conversational system. n Key contributor to original algorithms and technical approach. Hired team, managed product features and engineering release schedule, ensured timely delivery of a quality product. Developed in Java for platform features (language understanding pipeline) and for domain integration (e.g.
    [Show full text]
  • Hospital Map ※ As of June 1St 2019 Samsung Medical Center
    Internatioanl Healthcare Center Hospital Map ※ As of June 1st 2019 Samsung Medical Center Cancer Center Annex Main Building Febrile respiratory infectious disease unit 2F 1F 1F GATE 2 Ward E/V : to rehabilitation center(B4) Transparent E/V : to health promotion center(4F,5F), Parking lot(B5,B6) and lockers Emergengy Endocrinology Dialysis unit Ophthalmology department (Diabetes center/ Thyroid center) Diabetes Lab. GATE 4 Communicable diseases Outpatient isolation unit payment (CDIU) ATM Ambulatory SMC Ward E/V Cardiac/ Stem cell Outpatient Partners treatment Pulmonary transplantation Dentistry Ophthalmology accounts/ cashier Center center function Lab. Clinic [SPC] E/V to MRI(B3) Cafe Outpatient injection & Ward E/V Prescription pharmacy (Antiemeticum) Shinhan Bank ATM GATE 1 Outpatient Cancer Center Annex Annex Main Building accounts/ Main/Annex Building Passageways Passageways Pedestrian crossing Hematology- Cashier 2F 1F 1F 1F oncology Outpatient E/V to Proton therapy Customer GATE 5 center service to trail Samsung Mobile Store Breast Imaging Radiology(Ultrasound) Lung and GATE 11 Esophageal Breast cancer cancer Breast Transparent feeding Spine center Center (Department center E/V room Children's of orthopedics) Radiology laboratory Play room Proton Laboratory Day treatment unit therapy Info. (Injection room) center medicine Laboratory Children's Division of outpatients pediatric Restroom Stairway Pharmacy surgery Pathology and Elevator Registration Laboratory Children's day treatment unit Main Building translational genomics Parking
    [Show full text]
  • League Tables Q1 2020 Q1 2020
    KOREA CAPITAL MARKETS LEAGUE TABLES Q1 2020 Q1 2020 MANAGER RANKINGS KOREA CAPITAL MARKETS The Bloomberg Capital Markets Tables represent the top arrangers, bookrunners and advisors across a broad array of deal types including loans, bonds, equity and M&A transactions; according to Bloomberg standards. LEAG<GO> for a full range of league tables MA<GO> for a full range of merger & acquisition tables NI LEAG CRL<GO> or http://www.bloomberg.com/ for a full range of market-specific league table publications Due to the dynamic nature of the Professional Service product, league table rankings may vary between this release and data found on the Bloomberg Professional Service. DATA SUBMISSIONS AND QUERIES Contact Phone Email Equities Joo Jeon +82 2 6360 1773 [email protected] Fixed Income Jin Ye Kim +82 2 6360 1763 [email protected] Seongji Ko +82 2 6360 1754 [email protected] Loans Soomi Oh +65 6231 3428 [email protected] © 2020 Bloomberg Finance L.P. All rights reserved. Bloomberg South Korea Capital Markets | Q1 2020 South Korea Bonds: Industry Breakdown South Korea Bonds 19% Q1 2020 Q1 2019 42% Mkt Volume (KRW Deal Prev Prev Mkt Mkt Share Firm Rank Share(%) Mln) Count Rank Share(%) Chg(%) KB Financial Group Inc 1 21.529 4,369,972 109 1 25.150 -3.621 39% NH Investment & Securities Co Ltd 2 18.937 3,843,787 76 2 22.397 -3.460 Korea Investment & Securities Co 3 13.741 2,789,058 80 3 10.509 3.232 SK Securities 4 10.251 2,080,772 78 4 8.581 1.670 Mirae Asset Daewoo Co Ltd 5 9.241 1,875,813 53 6 6.681 2.560 Government 42% Shinhan Financial
    [Show full text]
  • Shipbuilding Massive Restructuring to Fuel Industry Recovery
    Shipbuilding Massive restructuring to fuel industry recovery On January 31 st , HHI announced plans to acquire DSME from KDB in an equity swap Under the plan, HHI will split into an intermediate holding company and an operating subsidiary; shares in the intermediate holding company will be exchanged for shares in DSME KDB has also approached SHI about potentially acquiring DSME; after making a decision Issue Comment by March 4 th , KDB will sign a final contract by March 8 th February 1, 2019 HHI agrees to acquire DSME in an equity swap st Mirae Asset Daewoo Co., On January 31 , Hyundai Heavy Industries (HHI) announced that it has agreed to acquire Ltd. Daewoo Shipbuilding & Marine Engineering (DSME) in an equity swap. Under the deal, HHI [Shipbuilding ] will split into a publicly-listed joint venture and a privately-held operating subsidiary. Hakmoo Lee Following the split, the shipbuilding joint venture will serve as an intermediate holding +822 -3774 -1785 company, with the spun-off HHI, Hyundai Samho Heavy Industries (HSHI), and Hyundai [email protected] Mipo Dockyard (HMD) under its umbrella. The shipbuilding joint venture will issue W1.25tr-worth of preferred shares and 6,009,570 common shares in exchange for Korea Development Bank’s (KDB) DSME shares. The new shares will be issued at W137,088 per share, and KDB’s DSME shares will be acquired at W34,922 per share. Once the swap is completed, the shipbuilding joint venture will become the world’s largest shipbuilding holding company, as it will be the majority shareholder of the spun-off HHI, DSME, HSHI, and HMD.
    [Show full text]
  • 902-Handy Tools Built Into Windows
    v1.0 12-Oct-20 PING *PING can be used to determine if an IP Address exists on a network. Go to Start then Run and type CMD, hit ENTER. Now you are at a command prompt window. Type PING <the IP you want to ping>, hit ENTER Example: PING 192.168.1.1 SUCCESSFUL PING: C:\>PING 192.168.244.100 Pinging 192.168.244.100 with 32 bytes of data: Reply from 192.168.244.100: bytes=32 time<1ms TTL=64 Reply from 192.168.244.100: bytes=32 time<1ms TTL=64 Reply from 192.168.244.100: bytes=32 time<1ms TTL=64 Reply from 192.168.244.100: bytes=32 time<1ms TTL=64 Ping statistics for 192.168.244.100: Packets: Sent = 4, Received = 4, Lost = 0 (0% loss), Approximate round trip times in milli-seconds: Minimum = 0ms, Maximum = 0ms, Average = 0ms UNSUCCESSFUL PING: C:\>PING 192.186.1.1 Pinging 192.186.1.1 with 32 bytes of data: Request timed out. Request timed out. Request timed out. Request timed out. Ping statistics for 192.186.1.1: Packets: Sent = 4, Received = 0, Lost = 4 (100% loss), 1 of 3 TELNET *Telnet can be used to troubleshoot a Netlinx system. You can telnet to both touchpanels and Netlinx masters. In Windows XP go to Start then Run and type TELNET <the IP you want to telnet to> Example: TELNET 192.168.1.1, hit ENTER. If Telnet is unsuccessful you will see a black window for a second and then it will go away.
    [Show full text]