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Samsung Display Urges Ministry to Reconsider Opening Workplace Report

SEOUL, April 11 (Korea Bizwire) – Samsung Display Co. said Wednesday it plans to ask the government to judge whether its workplace assessment report on its production line contains information that needs protection from disclosure. The move came after Samsung Electronics Co. also made a similar request following the government’s plan to disclose the tech giant’s workplace report, which may potentially include sensitive information on proprietary technology. The Ministry of Trade, Industry and Energy’s [...]

Earnings of Top 10 Groups Nearly Double This Year

SEOUL, Nov. 27 (Korea Bizwire) — Listed units of South Korea’s top 10 conglomerates saw their operating incomes almost double to a record high in the first three quarters of the year, with chip giants Samsung Electronics Co. and SK hynix Inc. taking up more than half of the total, a market tracker said Monday. [...]

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

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 [...]

Sales of Galaxy S8 Beat Predecessor, Samsung Mobile Chief Says

SEOUL, July 18 (Korea Bizwire) – Sales of the Galaxy S8 hovered above that of its predecessor, the Galaxy S7, Samsung Electronics Co.’s mobile chief has said. Koh Dong-jin, who heads Samsung’s mobile business, reportedly said the sales of the Galaxy S8 were 15 percent higher than its predecessor so far during his meeting with [...]

Samsung Releases 5.7-inch Galaxy A7 in South Korea

SEOUL, July 12 (Korea Bizwire) – Samsung Electronics Co. on Wednesday showcased its mid-end Galaxy A7 smartphone, which comes with top-notch features adopted by its flagship models. South Korea’s No. 1 mobile carrier SK Telecom Co. said it will start the sales of the 5.7-inch Galaxy A7 this week. The Galaxy A7 comes with 16-megapixel [...]

Analysts Divided Over Samsung’s Stock Price After March

SEOUL, June 19 (Korea Bizwire) – Samsung Electronics Co., the country’s top market cap, is still undervalued and has further room to rise down the road given its strong earnings, analysts said Sunday. But some fund managers remained cautious, projecting its earnings cycle may take a turn for the worse. Samsung, the world’s largest manufacturer [...]

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 [...]

S. Korea Steps Up Preparations for Autonomous Cars

SEOUL, May 16 (Korea Bizwire) – South Korea will come up with recall and examination standards for autonomous vehicles by 2020 so as to allow everyday operations of driverless cars, a government official said Tuesday. At a global conference on autonomous vehicles held in Seoul, Kim Chae-gyu, director general of the Bureau of Motor Vehicles [...]

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 [...]