SEOUL, Dec. 14 (Korea Bizwire) — Samsung Electronics Co. is forecast to lose ground next year in the smartphone segment, an industry tracker said Thursday, apparently due to the rise of Chinese manufacturers. Strategy Analytics said Samsung Electronics is expected to post a market share of 19.2 percent in the global smartphone industry in 2018 [...]
SEOUL, Dec. 7 (Korea Bizwire) — South Korean tech giants maintained their strong dominance over the global market for dynamic random-access memory (DRAM) chips in the third quarter, data showed Thursday. According to the data compiled by IHS Markit and other industrial sources, Samsung Electronics Co. accounted for 44.5 percent of the market in the [...]
SEOUL, Nov. 24 (Korea Bizwire) — Samsung Electronics’ induction electric cooktops received perfect scores from the U.S. Consumer Report, company officials said Friday. A review of cooking appliances being sold in the United States placed Samsung’s 30-inch cooktop at No. 1, ahead of rival models from General Electric and Kenmore, which both received 99 points. [...]
SEOUL, Nov. 23 (Korea Bizwire) – Samsung’s Semiconductor Division is reaping the benefits of a semiconductor boom that has equated to exports increasing by 53.9 percent through Q3 compared to the same period last year. According to a statement from the Ministry of Trade, Industry and Energy on November 15, semiconductors at 16 percent make [...]
SEOUL, Nov. 21 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it will release a Chinese version of its voice recognition program Bixby later this month, setting eyes on Asia’s largest market. It marks the third language to be supported by the artificial intelligence (AI) program along with Korean and English. The official launch is [...]
SEOUL, Nov. 20 (Korea Bizwire) – After Samsung Electronics announced the recent promotion of 118 executives to upper management, there has been considerable interest in the various perks allotted to personnel manning these positions. According to figures provided by the financial industry, less than one percent of all Samsung employees are elevated to upper management, and [...]
SEOUL, Nov. 17 (Korea Bizwire) — Capital spending among chipmakers is expected reach US$90.8 billion this year, an industry tracker said Friday, with South Korea’s Samsung Electronics Co. leading the pact. According to the data compiled by IC Insights, Samsung Electronics’ annual facility investment for this year is estimated at $26 billion, accounting for more [...]
SEOUL, Nov. 15 (Korea Bizwire) — The corporate tax rate by South Korea’s top 10 conglomerates surpassed that of the United States for the first time last year, a report by a local think tank showed Wednesday. According to the findings by the Korea Economic Research Institute (KERI), the business tax rate of the top [...]
SEOUL, Nov. 9 (Korea Bizwire) – Changes in leadership for the U.S. branches of Samsung and LG are causing a minor stir in industry circles as speculation that the former’s success may have been a factor in the latter’s decision. On November 9, it was reported that LG Senior VP of Home Appliance Sales John [...]
SEOUL, Nov. 7 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc.’s Ultra-HD (UHD) television sets won top evaluations from a U.S. consumer magazine, industry sources said Tuesday. Based on its research on the resolution, audio and other features of 250 high-end TVs in the market, Consumer Reports named LG Electronics’ Signature OLED TV [...]