SEOUL, Apr. 6 (Korea Bizwire) — Samsung Electronics Co. said Friday its first-quarter operating profit is presumed to have set another record by rising 57.58 percent from the previous year, apparently on the back of improved performance by its mobile division, with its chip arm also contributing to earnings. The operating profit was estimated at [...]
SEOUL, April 4 (Korea Bizwire) – Samsung Electronics Co. Vice Chairman Lee Jae-yong, the heir apparent of the family-controlled conglomerate Samsung, plans to make more overseas business trips down the road to foster new growth engines for the company, industry sources said Wednesday. Lee’s plans to go abroad come as state prosecutors are looking into allegations that Samsung Group actively stamped out any moves to create labor unions among [...]
SEOUL, Apr. 3 (Korea Bizwire) — The chief executive officer of Samsung Electronics Co., Kwon Oh-hyun, ranked as South Korea’s highest annual salary earner last year, the third year in a row that he has topped the list of high-income corporate executives, according to a market tracker on Monday. According to FnGuide, Kwon took home [...]
SEOUL, Mar. 21 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it has added solutions specialized for the Internet-of-Things (IoT) and fingerprint scanning in its foundry portfolio. The foundry business refers to making chips for other companies that do not have a semiconductor plant. The South Korean tech giant said it started shipping IoT and [...]
SEOUL, March 16 (Korea Bizwire) — Leaders of South Korea’s major business groups and economic organizations will accompany President Moon Jae-in on his visit to Vietnam and the United Arab Emirates (UAE) next week to further strengthen economic cooperation, industry sources said Friday. Moon will visit Vietnam and the UAE between March 22 and 27 [...]
SEOUL, March 8 (Korea Bizwire) — One by one, Samsung Electronics is pulling the plug on its mobile content offerings. Though the South Korean tech giant leaped into the mobile content and services market to make maximum use of its dominant position as the world’s largest smartphone maker, attempts to dislodge firmly entrenched market incumbents [...]
SEOUL, March 5 (Korea Bizwire) – Preorders for Samsung Electronics Co.’s Galaxy S9 smartphone, which was showcased last week, are about the same as those of its predecessor or slightly lower, industry sources said Monday. “We believe that the preorders for the Galaxy S9 are similar to that of the Galaxy S8,” an official from Samsung Electronics said. The official claimed, however, that the figure could be lower because the company only started receiving orders two days [...]
SEOUL, Feb. 7 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. has approved a preliminary investment plan to set up a second chip-production line near Seoul, an industry source said Wednesday. The Management Committee — the top decision-making body at Samsung Electronics — held a meeting earlier in the day and endorsed the [...]
SEOUL, Feb. 5 (Korea Bizwire) — South Korea’s two major business lobbies breathed a collective sigh of relief Monday as Samsung Electronics Vice Chairman Lee Jae-yong walked out of prison after serving nearly a year over a bribery scandal that led to the ouster of former President Park Geun-hye. The Seoul High Court had sentenced [...]
SEOUL, Jan. 31 (Korea Bizwire) — Samsung Electronics Co. said Wednesday that its board of directors has approved a 50:1 stock split due to record highs in sales and operating profits in the fourth quarter on rising chip demand. Net profit came to 12.25 trillion won (US$11.4 billion) in the October-December period, compared with 7.08 [...]