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Samsung Unveils Upcoming Foldable Smartphone

Samsung Unveils Upcoming Foldable Smartphone

SAN FRANCISCO, Nov. 8 (Korea Bizwire) — Samsung Electronics Co. on Wednesday showcased its upcoming smartphone with a foldable display slated to be released in the early part of 2019. At the Samsung Developer Conference 2018 held in San Francisco, the South Korean tech giant outlined some specs of its much-anticipated Infinity Flex Display technology, [...]

Samsung Electronics to Tap Market for Commercial Washers

Samsung Electronics to Tap Market for Commercial Washers

SEOUL, Nov. 6 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it will make a full-fledged effort to penetrate deeper into the business-to-business washer industry and release products optimized for corporate clients. The South Korean tech giant said the decision comes as the local market for commercial washers is expected to grow 50 percent annually [...]

Samsung to Provide Up to 150 mln Won in Compensation for Victims of Work-related Diseases

Samsung to Provide Up to 150 mln Won in Compensation for Victims of Work-related Diseases

SEOUL, Nov. 1 (Korea Bizwire) – The mediation committee for the dispute between Samsung Electronics Co. and its former employees suffering from work-related illnesses announced the finalized settlement for the two parties, with the plan including compensation of up to 150 million won (US$132,000) per illness. The announcement came as South Korea’s top chipmaker and [...]

Future of Semiconductor Industry Remains Uncertain Despite Record Growth

Future of Semiconductor Industry Remains Uncertain Despite Record Growth

SEOUL, Oct. 26 (Korea Bizwire) — Samsung Electronics Co. and SK hynix Inc., the two major local players in the semiconductor industry, are set to post record-breaking growth in the third quarter in spite of various domestic and international hurdles. Despite the controversy last year surrounding the price of semiconductor chips, which some experts claimed [...]

Mediation for Victims of Samsung’s Work Diseases Behind Schedule

Mediation for Victims of Samsung’s Work Diseases Behind Schedule

SEOUL, Oct. 24 (Korea Bizwire) — The settlement process to resolve the dispute between Samsung Electronics Co. and its former employees suffering from work-related illnesses is behind schedule, industry sources said Wednesday, apparently as their mediation committee is still contemplating details on compensation. In July, South Korea’s top chipmaker and an advocacy group representing victims [...]

S. Korean Smartphone Makers Join Trend of Multi-camera Handsets

S. Korean Smartphone Makers Join Trend of Multi-camera Handsets

SEOUL, Oct. 12 (Korea Bizwire) — South Korean smartphone makers have released smartphones with three or more rear cameras in line with rising demand from the industry for handsets with premium photography features. Samsung Electronics showcased the Galaxy A9 smartphone earlier this week, which marked its first handset to come with a whopping four rear [...]

Samsung Electronics Tops List of Shares Sold by Foreigners, Institutions

Samsung Electronics Tops List of Shares Sold by Foreigners, Institutions

SEOUL, Oct. 8 (Korea Bizwire) — Shares of South Korean tech giant Samsung Electronics Co. topped the list of holdings sold off by foreign and institutional investors in 2018, market data showed Monday. During the first nine months of this year, offshore investors sold shares of Samsung Electronics worth 3.56 trillion won (US$3.15 billion), according [...]

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 [...]