SEOUL, Nov. 16 (Korea Bizwire) – Samsung Electronics Co.’s first labor union under a major South Korean umbrella union group set sail Saturday. The union, under the Federation of Korean Trade Unions (FKTU), submitted a labor union establishment application to the government Monday and earned the approval two days later. The union did not unveil [...]
SEOUL, Nov. 7 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. are lowering the price of LTE flagship smartphones released this year while offering higher subsidies to empty out remaining stocks. South Korean telecom giant KT Corp. raised the official subsidy for the LG G8 ThinQ to a maximum of 655,000 won (US$564) [...]
SEOUL, Nov. 4 (Korea Bizwire) — The volume of South Korea’s chip exports has climbed more than 5 percent this year despite a tumble in prices of key products, data showed Monday. The country’s semiconductor exports totaled 29,834 tons for the year up to Oct. 25, up 5.2 percent from the same period a year [...]
SEOUL, Nov. 1 (Korea Bizwire) — It is never easy to start a new business and manage to survive for several decades, especially in a technology industry that changes at dizzying speed. Samsung Electronics Co. gets much credit for starting as a small electronics company amid the ashes of the 1950-53 Korean War and expanding [...]
SEOUL, Oct. 31 (Korea Bizwire) — Samsung Electronics Co. said Thursday its net profit more than halved in the third quarter from a year earlier due to weak memory chip prices, but it projects upbeat prospects for the chip market next year. The net profit of the world’s largest memory chip and smartphone maker tumbled [...]
SAN JOSE, Oct. 29 (Korea Bizwire) — Samsung Electronics Co. has showed off a mock-up of a new foldable phone that folds in half horizontally in the latest move to diversify its foldable lineup. The South Korean tech giant introduced the new concept phone that folds into a square during its annual developer conference in [...]
SEOUL, Oct. 24 (Korea Bizwire) — Although Samsung Electronics Co. and LG Electronics Inc. are currently engaged in a so-called ’8K war’, it is predicted that sales of 8K TV markets will remain sluggish for some time. In a recent report, global market research firm IHS Markit estimated that the number of 4K TVs sold [...]
SEOUL, Oct. 21 (Korea Bizwire) — Samsung Electronics Co., an official sponsor for the 2020 Tokyo Olympics, has decided to overhaul its marketing strategy for the upcoming Olympic Games amid a prolonged dispute between South Korea and Japan. Samsung reportedly plans to remove the company name from all advertisements for the Olympics, and replace it [...]
SEOUL, Oct. 8 (Korea Bizwire) — Samsung Electronics Co. said Tuesday its operating earnings plunged 56 percent in the third quarter from a year earlier, mainly hit by continuing falls in global chip prices, but its performance was better than the market had expected. The operating profit was estimated at 7.7 trillion won (US$6.4 billion) [...]
SEOUL, Oct. 7 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong is visiting India to check the world’s largest smartphone maker’s businesses there, industry sources said Monday, raising speculations that the South Korean tech giant may make further investment to expand its presence in the world’s second-largest smartphone market. Lee arrived in India on [...]