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Samsung Expands Six-Day Workweek for Executives Across Affiliates

Samsung Expands Six-Day Workweek for Executives Across Affiliates

SEOUL, April 17 (Korea Bizwire) – The practice of having executives work six days a week, previously limited to some divisions at Samsung Electronics, is now spreading to other Samsung affiliates, according to industry sources. At Samsung Electronics, executives in certain departments like development and support have been working a six-day week. Now, electronic affiliates such [...]

Samsung’s Design Reinvention Driven by Pursuit of Innovation and Harmony

Samsung’s Design Reinvention Driven by Pursuit of Innovation and Harmony

MILAN, Apr. 16 (Korea Bizwire) – The crucial moment when a product captivates a consumer’s heart lasts an average of 0.6 seconds, and if a company fails to seize that fleeting opportunity, it cannot emerge victorious. This realization prompted Lee Kun-hee, the former chairman of Samsung, to gather his top executives in Milan, the global capital [...]

Samsung Boosts Use of Recycled Plastics in Galaxy S24 Smartphones

Samsung Boosts Use of Recycled Plastics in Galaxy S24 Smartphones

SEOUL, Apr. 17 (Korea Bizwire) – Samsung Electronics announced on April 16 that its flagship Galaxy S24 smartphone series incorporates an amount of recycled plastic equivalent to approximately 50 million 500-milliliter plastic water bottles. In a post from its official newsroom, the company estimated that the recycled plastic used in the Galaxy S24 series this year [...]

Samsung Electronics Showcases Design Philosophy and Innovative Appliances at Milan Design Week

Samsung Electronics Showcases Design Philosophy and Innovative Appliances at Milan Design Week

MILAN, Apr. 15 (Korea Bizwire) — Samsung Electronics will participate in the EuroCucina 2024 trade show, part of Milan Design Week, which is taking place from April 16 to 21. The company plans to unveil its design philosophy and cutting-edge home appliances. Milan Design Week is a global design and furniture fair, attracting more than 2,300 [...]

Samsung Electronics Set to Expand Chips Supply Chain after US$6.4 Bln U.S. Grants

Samsung Electronics Set to Expand Chips Supply Chain after US$6.4 Bln U.S. Grants

SEOUL, Apr. 16 (Korea Bizwire) — Samsung Electronics Co. is set to accelerate the expansion of its global semiconductor supply chain in the era of artificial intelligence (AI), following a subsidy of US$6.4 billion from the U.S. government and its extended investment plan. Under the Biden Administration’s announcement, the South Korean chipmaker was to receive [...]

SK Group Emerges as Second-most-valuable Conglomerate

SK Group Emerges as Second-most-valuable Conglomerate

SEOUL, Apr. 16 (Korea Bizwire) — SK Group, South Korea’s chip-to-battery conglomerate, emerged as the second-most-valuable conglomerate after Samsung Group in the Korean stock markets at the end of March, a corporate data firm said Tuesday. SK Group’s emergence was helped by a sharp increase in the value of its chip-making affiliate, SK hynix Inc., [...]

Samsung Electronics Ordered to Take Corrective Measures for Unfair Practices against Retail Stores

Samsung Electronics Ordered to Take Corrective Measures for Unfair Practices against Retail Stores

SEOUL, Apr. 10 (Korea Bizwire) — The antitrust regulator said Wednesday it has decided to order Samsung Electronics Co. to take corrective steps for interfering with the business operations of its authorized retail stores. The tech giant allegedly had demanded that its agencies provide it with their retail price information from January 2017 through September [...]

Samsung Brings NHN Bugs’ ‘Essential’ Music Curation to Smart TV App Store

Samsung Brings NHN Bugs’ ‘Essential’ Music Curation to Smart TV App Store

SEOUL, Apr. 10 (Korea Bizwire) – Samsung Electronics has launched the “Essential” music curation service from NHN Bugs on its smart TV app store, providing a unique audio-visual experience tailored exclusively for Samsung TV users.  The “Essential” application offers specially curated playlists that can only be enjoyed on Samsung TVs, accompanied by visually captivating background designs [...]

Samsung and Tesla Top Favorite Stocks Among South Korea’s Young Investors

Samsung and Tesla Top Favorite Stocks Among South Korea’s Young Investors

SEOUL, Apr. 9 (Korea Bizwire) – Samsung Electronics emerged as the most popular stock trading among South Korean minors so far this year, while Tesla and Apple led the charge in overseas equities, according to an analysis by Shinhan Investment Corp. In a review of the top 10 stocks traded by its underage clients from January [...]

Samsung and LG Battle for the Future of AI Home Appliances

Samsung and LG Battle for the Future of AI Home Appliances

SEOUL, Apr. 4 (Korea Bizwire) – In the competitive arena of consumer electronics, South Korean tech behemoths Samsung Electronics and LG Electronics are now embroiled in a high-stakes duel over the future of artificial intelligence (AI) in home appliances. This confrontation extends their historical rivalry beyond the realms of integrated washer-dryers and OLED televisions to the [...]