SEOUL, April 8 (Korea Bizwire) — Samsung Electronics Co. on Tuesday estimated its first-quarter operating profit edged down 0.15 percent from a year earlier but exceeded market expectations on strong sales of its new flagship smartphones. The world’s biggest maker of memory chips expected an operating profit of 6.6 trillion won (US$4.5 billion) for the [...]
SEOUL, April 7 (Korea Bizwire) — Samsung Electronics Co. said Monday it plans to leverage its global production network to navigate new U.S. tariff policies, including reciprocal duties that target goods from nearly all countries, including South Korea. “We sell TVs, monitors and sound bars in the United States, with TVs making up the majority,” [...]
SEOUL, March 24 (Korea Bizwire) — Samsung Electronics Co. has held the No. 1 spot in annual sales among South Korean companies for 22 consecutive years from 2002 to 2023, an industry analysis report showed Monday. According to the report from the Korea CXO Institute, a corporate data firm, Samsung Electronics was found to have [...]
SEOUL, Feb. 18 (Korea Bizwire) — Samsung Electronics Co. Chairman Lee Jae-yong received the largest amount of dividends in South Korea last year, a corporate data tracker said Tuesday. Leaders Index surveyed 560 companies, which provided dividends in the form of cash and cash equivalents to their shareholders in 2024 to count up their overall [...]
SEOUL, Feb. 17 (Korea Bizwire) — Samsung Electronics has established its first domestic Employee Resource Groups (ERGs) to promote an inclusive work environment and accelerate mutual growth between employees and the company. According to the Samsung Electronics Newsroom, the company held a launch ceremony for its Device Experience (DX) division’s ERGs on February 11 at its [...]
SEOUL, Feb. 8 (Korea Bizwire) — While legal experts believe a Supreme Court reversal is unlikely, the extended legal process means Samsung must continue navigating uncertainties that could affect its strategic decision-making. The prolonged case may delay key investment decisions and hinder Samsung’s ability to recover from its recent struggles in the semiconductor industry. A senior [...]
BARCELONA, Feb. 2 (Korea Bizwire) — South Korea’s tech giants Samsung Electronics and LG Electronics are showcasing their latest commercial display technologies at ISE 2025, Europe’s largest display exhibition, held from February 4 to 7 in Barcelona. Samsung has set up a 1,728-square-meter exhibition space, featuring a massive 462-inch ‘The Wall’ media façade at the entrance. The [...]
SEOUL, Jan. 21 (Korea Bizwire) — The Korea Corporate Governance Forum (KCGF) lauded Samsung Electronics for its decision to award executive performance bonuses in company stock, calling it “a significant step toward an advanced compensation model.” In a statement issued on January 20 by Chairman Lee Nam-woo, the forum noted that this marks an important [...]
SEOUL, Jan. 16 (Korea Bizwire) — Samsung Electronics Co. said Thursday it has teamed up with IBM Corp. to build a front-line emergency communications network in Britain. As part of the British government’s Emergency Services Network (ESN), Samsung will provide its mission-critical (MCX) solution, marking the company’s first venture into the European emergency services network [...]
LAS VEGAS, Jan. 6 (Korea Bizwire) — Samsung Electronics Co. on Monday outlined its strategy to extend its “Home AI” innovation beyond smart homes to industries and society, vowing to become a leader in artificial intelligence for the next 100 years. At a press conference on the eve of the official opening of this year’s [...]