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Asset Size of S. Korea’s Top 4 Biz Groups Expands 30 pct in 5 yrs

Asset Size of S. Korea’s Top 4 Biz Groups Expands 30 pct in 5 yrs

SEOUL, May 22 (Korea Bizwire) — Asset size of South Korea’s top four business conglomerates grew by more than 30 percent over the past five years, a corporate information provider said Sunday. Data provided by Chaebul.com showed combined assets of Samsung, Hyundai Motor, SK and LG stood at 864.9 trillion won as of end 2016, [...]

China Expands Presence in Indian Handset Market, Threatens Samsung

China Expands Presence in Indian Handset Market, Threatens Samsung

SEOUL, May 18 (Korea Bizwire) – Chinese tech companies are gradually expanding sales in India, industry data showed Thursday, and starting to threaten Samsung Electronics Co., which is currently the leading player in the subcontinent.  According to the industry tracker Strategy Analytics, China-based Vivo sold 1.9 million handsets in the first quarter in India, accounting [...]

Samsung Group Eyes Jump in Vietnam Sales

Samsung Group Eyes Jump in Vietnam Sales

HANOI, May 18 (Korea Bizwire) – South Korea’s top conglomerate Samsung Group expects sales of Samsung Electronics Co. and three other units in Vietnam to spike more than 30 percent on-year in 2017 on its strong smartphone business, sources said Wednesday.  Samsung Electronics, Samsung Display Co., Samsung Electro-Mechanics Co. and Samsung SDI Co. are targeting [...]

Samsung’s “Master Program” Nurturing In-House Talent

Samsung’s “Master Program” Nurturing In-House Talent

SEOUL, May 16 (Korea Bizwire) – In 2009, Samsung Electronics introduced a “Master” program to help the company’s top researchers to make focused progress in their respective fields, and the initiative is now being adopted by other Samsung affiliates.  Prior to the program, senior researchers would have to take on general management roles when they [...]

Sales of Samsung Smartphones Plunge in China Amid Galaxy Note 7 Crisis, Competition with Chinese Phone Makers

Sales of Samsung Smartphones Plunge in China Amid Galaxy Note 7 Crisis, Competition with Chinese Phone Makers

CHINA, May 10 (Korea Bizwire) – South Korean electronics giant Samsung’s recent struggles in the Chinese market saw its smartphone sales more than halved during the first quarter, with the company’s market share now languishing at 3.3 percent. While Samsung experienced one of its worst quarters in China, seeing its market share slashed by more than [...]