SEOUL, Jul. 5 (Korea Bizwire) — Members of Banollim, a civic group that advocates for the welfare of semiconductor factory workers, held a demonstration outside the Samsung Electronics head office in Seoul to commemorate the 1,000th day of protest following the death of a Samsung employee. Banollim is composed of individuals whose family members died [...]
SEOUL, Jul. 3 (Korea Bizwire) — South Korean chipmakers are expected to pay large bonuses to their workers this month amid the prolonged boom in the global semiconductor market, corporate sources said Tuesday. Samsung Electronics Co. told its workers that the company will provide target-achievement incentives, handed out every six months, this week. The amount [...]
SEOUL, Jun. 7 (Korea Bizwire) — Samsung Electronics revealed yesterday that it had selected three startups developed internally and discovered through “Creative Lab,” a program developed to nurture internal startups. With the three additional startups, the total number of startups supported by Samsung’s Creative Lab totals 34. The newly selected startups are Agwart, Catch Flow [...]
SEOUL, Jun. 5 (Korea Bizwire) — Last year, semiconductors accounted for 17.4 percent of all exports from South Korea. With aggregate semiconductor exports totaling $92.7 billion, 39.5 percent ended up in China, and 27.2 percent in Hong Kong. In short, the value of Korean semiconductors exported to China accounted for 11.6 percent of all South [...]
SEOUL, May 30 (Korea Bizwire) — Samsung Electronics will allow its employees to have more freedom to choose when they work. Starting in July, employees will be allowed to make use of a flexible work plan, while those who take frequent business trips will be recognized for their external work hours. Samsung says that such [...]
SEOUL, May 18 (Korea Bizwire) — Samsung Electronics Co.’s “upcycling” efforts to utilize outdated smartphones’ parts to create new products and save materials was acknowledged as one of the major environmental movements in the United States, industry sources said Friday. U.S. industry tracker Environmental Leader recognized the Samsung Electronics’ program as the “Judges’ Choice” for [...]
SEOUL, May 16 (Korea Bizwire) — The number of employees at Samsung Electronics has surpassed 100,000 for the first time in seven years. Experts say this is due to massive hiring efforts in the company’s device solution division spurred on by the boom in the global semiconductor industry. More permanent employees have been hired while [...]
SEOUL, May 3 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong’s Wednesday visit to the “Silicon Valley” of China, the special economic zone of Shenzhen in Guangdong Province, has promoted speculation on the visit’s purpose. Some say that Lee may have a specific outcome in mind as his entourage included upper-management officials overlooking Samsung’s [...]
SEOUL, May 1 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it agreed to supply its light-emitting diode (LED) display solution to a major Mexican theater chain last week, speeding up efforts to promote global sales of its premium cinema screen. The company said it signed the agreement with the Mexico-based theater chain Cinemex on [...]
SEOUL, April 25 (Korea Bizwire) – An independent investigation committee tasked with checking the work environment at Samsung Electronics Co. said Wednesday that it has found no clear evidence to link the chips and display lines with the illnesses suffered by some workers, although acknowledging there should be continuous studies. After carrying out a three-year probe, the team of experts said it found no critically [...]