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Samsung’s Market Cap Grows Despite Poor Performance

Samsung’s Market Cap Grows Despite Poor Performance

SEOUL, Nov. 10 (Korea Bizwire) — Samsung Group’s market capitalization has continued to grow this year, largely led by a sharp increase in the market capitalization of its flagship company, Samsung Electronics, data showed Sunday. As of the end of October, the combined market capitalization of the group’s 16 listed subsidiaries came to about 434.8 [...]

Galaxy Fold Ranked as 19th-best Smartphone by Consumer Reports

Galaxy Fold Ranked as 19th-best Smartphone by Consumer Reports

SEOUL, Nov. 8 (Korea Bizwire) — Despite its innovative functions and design, Samsung Electronics Co.’s Galaxy Fold was ranked as the 19th-best smartphone by U.S. Consumer Reports due to its bulky design and weak internal durability. Samsung’s first foldable device scored 85 points in the smartphone reviews by the influential American consumer magazine, behind the [...]

Samsung Signs MOU with Saudi Arabia on Entertainment City Project

Samsung Signs MOU with Saudi Arabia on Entertainment City Project

SEOUL, Oct. 30 (Korea Bizwire) — South Korea’s top conglomerate Samsung Group said Wednesday it will join a massive entertainment city development project in Saudi Arabia, with its affiliates taking part in various areas from construction to electronics. Under an agreement with Qiddiya Investment Company (QIC), Samsung will collaborate with Saudi officials on the development [...]

Samsung Updates Software of Galaxy S10, Note 10 over Fingerprint Flaw

Samsung Updates Software of Galaxy S10, Note 10 over Fingerprint Flaw

SEOUL, Oct. 23 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it has released a software patch to fix a bug in the ultrasound-based fingerprint scanner on Galaxy S10 and Note 10 smartphones. Samsung has faced a backlash after some users discovered that anyone’s fingerprint could unlock S10 and Note 10 series devices covered with [...]

Samsung Set to Spend 13 tln Won on Display Plant in S. Korea

Samsung Set to Spend 13 tln Won on Display Plant in S. Korea

SEOUL, Sept. 24 (Korea Bizwire) — Samsung Group is planning to announce a massive investment plan next month to upgrade its display panel production facilities in South Korea, industry sources said Tuesday, as the nation’s largest conglomerate seeks to enhance profitability in the large display business with its latest technologies. Samsung is expected to unveil [...]