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Elliott Lodges US$770 mln Suit Against S. Korea over Samsung Merger

Elliott Lodges US$770 mln Suit Against S. Korea over Samsung Merger

SEOUL, Jul. 13 (Korea Bizwire) — U.S. activist fund Elliott Associates has filed an investor-state dispute (ISD) suit against the South Korean government seeking compensation for its losses from a 2015 merger of two Samsung units, Seoul’s justice ministry said Friday. The notice of arbitration lodged by the American firm comes three months after Elliot [...]

President Moon Takes Subway Ride with Indian PM to Samsung Factory

President Moon Takes Subway Ride with Indian PM to Samsung Factory

SEOUL, Jul. 10 (Korea Bizwire) — South Korean President Moon Jae-in, during a state visit to India, surprised reporters yesterday by taking the subway with Indian Prime Minister Narendra Modi on their journey to inaugurate the world’s largest mobile phone manufacturing facility, which was developed by Samsung Electronics in Noida, India. Earlier in the day, [...]

Court Bans ex-Samsung Worker from Relocating to Chinese Firm

Court Bans ex-Samsung Worker from Relocating to Chinese Firm

SEOUL, Jul. 5 (Korea Bizwire) — A local court banned a former worker of Samsung Display Co. from relocating to a Chinese firm on Thursday, claiming the restriction is needed to protect sensitive technologies. The Suwon District Court upheld the request made by Samsung Display to ban a former researcher from getting a new position [...]

Samsung, Apple Reach Settlement over Design Dispute

Samsung, Apple Reach Settlement over Design Dispute

SEOUL, Jun. 28 (Korea Bizwire) — Samsung Electronics Co. said Thursday it has reached an agreement with Apple Inc. to settle the latest legal dispute surrounding alleged smartphone design infringement “We cannot provide any details other than that we reached an agreement with Apple,” a source from Samsung Electronics said. Samsung refrained from disclosing other [...]

Samsung Launching New Marketing Campaign for Galaxy S9

Samsung Launching New Marketing Campaign for Galaxy S9

SEOUL, Jun. 20 (Korea Bizwire) — Samsung Electronics Co., which released its Galaxy S9 smartphone earlier this year, is carrying out various marketing programs around the globe to bolster weaker-than-expected sales of its flagship device, industry watchers said Wednesday. The South Korean tech giant joined forces with Ya Ge, a popular restaurant in Taiwan, showcasing [...]

Samsung Electronics Pivots to Renewable Energy

Samsung Electronics Pivots to Renewable Energy

SEOUL, Jun. 15 (Korea Bizwire) — Samsung Electronics revealed yesterday that it will be installing solar power generators at all of its business facilities in the U.S., Europe and China. In Korea, some but not all facilities will be equipped with solar power generating systems. To kick off the initiative, Samsung will install solar panels [...]