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 [...]
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 [...]
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 [...]
SEOUL, April 15 (Korea Bizwire) – Samsung Display Co., a flat panel maker under Samsung Group, will supply its organic light-emitting diode (OLED) display panels to Apple Inc. starting next year, industry sources said Friday. Under the deal, Samsung Display will supply around 100 million units of 5.5-inch panels annually, with the value being estimated at 3 [...]
SEOUL, April 11 (Korea Bizwire) – Samsung Electronics Co. came closer last year to catching up with its archrival in the semiconductor industry, Intel Corp., data showed Monday. The South Korean tech giant accounted for 11.6 percent of the chip market in 2015, up 0.9 percentage points from a year earlier, standing as the No. 2 player, [...]
SEOUL, April 7 (Korea Bizwire) – South Korea’s top tech giants are expected to enjoy improved sales from their mobile businesses, industry watchers said Thursday, as their flagship smartphones just released in March are boasting better-than-expected sales at home and abroad. The average daily sales of Samsung Electronics Co.‘s Galaxy S7 and Galaxy S7 Edge smartphones [...]
SEOUL, April 4 (Korea Bizwire) – Samsung Electronics Co. accounted for more than 40 percent of the global market for NAND flash products in the fourth quarter of 2015, data showed Monday, marking the first time in more than three years to reach the mark. The South Korean tech giant took up 40.2 percent of the [...]
SEOUL, April 4 (Korea Bizwire) – Samsung Electronics Co. accounted for 68 percent of the global curved-monitor market in the fourth quarter last year, data showed Monday, amid the soaring demand from Internet cafes in China. According to the data compiled by Taiwan-based industry tracker WitsView, the South Korean tech giant stood as the dominant leader [...]
SEOUL, April 1 (Korea Bizwire) – Samsung Electronics Co. saw its global presence in the semiconductor sector advance on-year in 2015, its business report showed Friday, while the shares in the handset segment continued to lose ground. According to the latest data compiled by the South Korean giant, Samsung took up 45.3 percent of the global dynamic [...]
SEOUL, March 30 (Korea Bizwire) – LG Electronics Inc. said Wednesday it will start to sell its latest flagship smartphone, the G5, around the globe later this week, three weeks after the debut of the Galaxy S7 series by its archrival Samsung Electronics Co. The South Korean tech giant said the G5 will come with a price tag [...]