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Samsung Sales Expected Surpass Intel This Year

Samsung Sales Expected Surpass Intel This Year

SEOUL, Nov. 20 (Korea Bizwire) – Samsung Electronics Co. is expected to outpace U.S.-based Intel Corp. in terms of sales this year and emerge as the world’s No. 1 chip maker, data showed Monday. According to the data compiled by industry tracker IC Insights, Samsung will likely post sales of US$65.6 billion in the chip segment to account for 15 percent of the global market. Intel, on [...]

Foreigners May Intervene in Samsung Management After Court Ruling

Foreigners May Intervene in Samsung Management After Court Ruling

SEOUL, Aug. 28 (Korea Bizwire) – Foreign stakeholders may expand their intervention in management decisions at Samsung Electronics Co. aftera Seoul court found its vice chairman de facto leader guilty of bribery, market watchers warned Sunday. Foreign investors who collectively hold more than 50 percent stake in the world’s largest smartphone manufacturer may demand the company’s board of directors be replaced as Vice Chairman Lee Jae-yong on Friday was sentenced to [...]

Samsung Set to Invest 700 Billion Won in India

Samsung Set to Invest 700 Billion Won in India

SEOUL, June 5 (Korea Bizwire) – Samsung Electronics Co. is set to make 700 billion won (US$623 million) worth of investment in India to expand the production of smartphones in the large South Asian country, industry sources said Sunday. According to governmental and industry sources in India, Samsung is planning to expand its existing 120,000-square-meter production line in Noida, Uttar Pradesh, in the northern part of the country, to 240,000 square meters. If the expansion is completed, the factory will [...]

Samsung Reinforces “Club des Chefs Korea” For Innovative Goods

Samsung Reinforces “Club des Chefs Korea” For Innovative Goods

From left are chefs Kang Min-goo, Lim Ki-hak, Kwon Hyung-jun, Yim Jung-sik and Lee Chung-hoo. (Image: Yonhap) SEOUL, April 21 (Korea Bizwire) – Samsung Electronics Co. said Friday a renowned South Korean baker has joined the list of chefs providing one of the world’s leading consumer electronics manufacturer with insight and expertise for the development [...]

Kitchen Appliances Gaining Popularity in Korea

Kitchen Appliances Gaining Popularity in Korea

SEOUL, July 19 (Korea Bizwire) — Many companies within the home appliances industry are expanding their product lines to include more kitchen appliances, as family activities and lifestyle patterns have evolved to take place more in the kitchen rather than in the living room. According to an industry official, the kitchen has transformed to become [...]