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Samsung’s VR Device Sold Out in One Day

Samsung’s VR Device Sold Out in One Day

SEOUL, Nov. 25 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. said Wednesday its virtual reality (VR) device sold out in one day after the debut on its home turf with its relatively cheap price wooing customers. The initial number of 2,000 Samsung Gear VR devices has been sold out, it said. The [...]

Samsung Pay Processes 1.5 Mln Transactions in One Month after Its Debut

Samsung Pay Processes 1.5 Mln Transactions in One Month after Its Debut

SEOUL, Sept. 24 (Korea Bizwire) — South Korea’s top smartphone maker Samsung Electronics said Thursday its mobile payment solution has processed tractions totaling US$30 million in the month after its debut in South Korea. The South Korean giant officially released Samsung Pay at home on Aug. 20. The platform, available for Samsung’s high-end smartphones, including [...]

Samsung Hints at Expansion of Mobile Payment Tool to Budget Phones

Samsung Hints at Expansion of Mobile Payment Tool to Budget Phones

SEOUL, Sept. 16 (Korea Bizwire) — Samsung Electronics Co. signaled Wednesday that the tech giant may expand its latest mobile payment system to budget smartphones, and expected the number of its users to grow further down the road. Samsung Pay, officially launched in South Korea last month, is currently available for only high-end smartphone models [...]

S. Korean Financial Firms Set to Adopt Biometric Identification

S. Korean Financial Firms Set to Adopt Biometric Identification

SEOUL, Aug. 4 (Korea Bizwire) – In the mega-hit movie “Minority Report,” buildings, shops and streets are full of electronic biometric systems that use red flashes and lights to scan the irises of all passers-by and identify them in order to send them custom-tailored services and advertisements. Before entering a security agency, Tom Cruise, who [...]

Samsung Begins Mass Production of Industry’s Smallest Image Sensors

Samsung Begins Mass Production of Industry’s Smallest Image Sensors

SEOUL, July 29 (Korea Bizwire) – South Korea’s top tech giant, Samsung Electronics, said Wednesday it has started the mass production of what it claims are the industry’s smallest image sensors that boast high-end performance. The company said the new 16-megapixel image sensors for smartphones are based on 1-micrometer-pixel technology, which compares to the previous sensors [...]

Samsung Electronics’ Q2 Profit Sees 4 Pct Drop

Samsung Electronics’ Q2 Profit Sees 4 Pct Drop

SEOUL, July 7 (Korea Bizwire) — Samsung Electronics estimated Tuesday that its second-quarter operating income fell about 4 percent from a year earlier as weak sales of its newest smartphones fell shy of expectations. Operating profit reached 6.9 trillion won (US$6.13 billion) in the April-June period, down 4.03 percent from the 7.19 trillion won posted a [...]

Samsung’s Market Share in Mobile Phones Down in Q1

Samsung’s Market Share in Mobile Phones Down in Q1

SEOUL, May 18 (Korea Bizwire) — South Korea’s tech giant Samsung Electronics Co. saw its global market share in the mobile phone sector drop slightly during the first quarter of this year but its shares in the DRAM, TV and display areas improved, a report showed Sunday. According to the report by Samsung Electronics detailing [...]