SEOUL, Sept. 10 (Korea Bizwire) — South Korean tech behemoth Samsung Electronics Co. has seen its brand value spike nearly 60 percent on-year to near 90 trillion won (US$80.1 billion) this year, far outstripping other large companies, industry sources said Monday. Samsung Electronics, the world’s top maker of smartphones and memory chips, topped the recent [...]
SEOUL, Aug. 8 (Korea Bizwire) — Samsung Electronics Co. on Wednesday declared that it will make investments worth a whopping 180 trillion won (US$160 billion) over the next three years, seeking to effectively overcome various challenges to its business and its relationship with a government that has maintained a tough stance on family-controlled firms. The [...]
SEOUL, Aug. 8 (Korea Bizwire) — Samsung Electronics Co. is betting on the Galaxy Note 9 to revitalize its sluggish smartphones sales, although it is still uncertain that the upcoming phablet will appeal to customers in the wake of weak demand for the Galaxy S9, industry watchers said Wednesday. The South Korean tech giant’s IT [...]
SEOUL, Aug. 3 (Korea Bizwire) — LG Electronics Inc. profited more for every home appliance sold in the first half of 2018 compared with its bigger rival Samsung Electronics Co., industry data showed Friday. Samsung Electronics posted sales of 20.1 trillion won (US$17.8 billion) over the January-June period for the home appliances segment, above LG [...]
SEOUL, Jul. 17 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it has developed a new mobile dynamic random access memory (DRAM) solution optimized for the fifth-generation (5G) network and artificial intelligence (AI) features of smartphones. The South Korean tech giant said it finished the development of the 10nm-class 8Gb LPDDR5 DRAM in April, boasting [...]
SEOUL, Jul. 12 (Korea Bizwire) — South Korean tech giants are expected to showcase new smartwatches within a few months, industry watchers said Thursday, as they seek to catch up with market leader Apple Inc. According to the sources, Samsung Electronics is expected to showcase the successor of the Gear S3 smartwatch around the upcoming [...]
SEOUL, Jul. 5 (Korea Bizwire) — Members of Banollim, a civic group that advocates for the welfare of semiconductor factory workers, held a demonstration outside the Samsung Electronics head office in Seoul to commemorate the 1,000th day of protest following the death of a Samsung employee. Banollim is composed of individuals whose family members died [...]
SEOUL, Jul. 3 (Korea Bizwire) — South Korean chipmakers are expected to pay large bonuses to their workers this month amid the prolonged boom in the global semiconductor market, corporate sources said Tuesday. Samsung Electronics Co. told its workers that the company will provide target-achievement incentives, handed out every six months, this week. The amount [...]
SEOUL, Jun. 7 (Korea Bizwire) — Samsung Electronics revealed yesterday that it had selected three startups developed internally and discovered through “Creative Lab,” a program developed to nurture internal startups. With the three additional startups, the total number of startups supported by Samsung’s Creative Lab totals 34. The newly selected startups are Agwart, Catch Flow [...]
SEOUL, Jun. 5 (Korea Bizwire) — Last year, semiconductors accounted for 17.4 percent of all exports from South Korea. With aggregate semiconductor exports totaling $92.7 billion, 39.5 percent ended up in China, and 27.2 percent in Hong Kong. In short, the value of Korean semiconductors exported to China accounted for 11.6 percent of all South [...]