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Samsung Aims to Overcome Biz Hurdles Through 180tln Won Investment

Samsung Aims to Overcome Biz Hurdles Through 180tln Won Investment

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 [...]

Samsung Seeks to Revitalize Weak Smartphone Sales with Note 9

Samsung Seeks to Revitalize Weak Smartphone Sales with Note 9

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 [...]

LG Beats Samsung in Home Appliance Profit Margin for First Half

LG Beats Samsung in Home Appliance Profit Margin for First Half

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 [...]

Samsung Develops New DRAM for 5G, AI Features of Smartphones

Samsung Develops New DRAM for 5G, AI Features of Smartphones

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 [...]

Samsung, LG Anticipated to Unveil New Smartwatches Soon

Samsung, LG Anticipated to Unveil New Smartwatches Soon

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 [...]

Samsung, SK hynix to Hand Out Large Bonuses amid Robust Chip Sales

Samsung, SK hynix to Hand Out Large Bonuses amid Robust Chip Sales

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 [...]

Samsung’s Creative Lab Supports Three More Startups

Samsung’s Creative Lab Supports Three More Startups

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 [...]