Samsung Electronics Co. Archives | Be Korea-savvy
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 [...]

Samsung Electronics Discards Seniority Principle to Start ‘Cultural Innovation’

Samsung Electronics Discards Seniority Principle to Start ‘Cultural Innovation’

SEOUL, June 28 (Korea Bizwire) – Samsung Electronics is switching from its current seven-tier rank system to a simpler four-tier scheme. All employees will now address each other by Mr. or Ms., and not their job titles. On Monday, June 27, the company announced a revised HR management plan that focuses on simplifying its rank system [...]

Lotte Focuses on Mobile Payment Platform

Lotte Focuses on Mobile Payment Platform

SEOUL, May 11 (Korea Bizwire) – South Korea’s retail conglomerate Lotte Group is ratcheting up efforts to promote its own mobile payment platform, L Pay, industry watchers said Wednesday, as such services gained popularity over previous months amid the rising number of smartphone users.  Lotte Group chairman Shin Dong-bin was recently quoted as saying by [...]