SEOUL, Nov. 3 (Korea Bizwire) – Samsung Electronics declared its intentions to stay competitive in the global race for next-generation technologies like artificial intelligence by launching Samsung Research, company representatives said on November 2. The issued statement read, “The DMC R&D Center, which oversees advanced research initiatives within the finished products division, and the Software [...]
SEOUL, Nov. 2 (Korea Bizwire) – South Korea’s 100 richest people own stocks worth more than one third of the country’s national budget amid a recent stock rally, industry data showed Thursday. The value of stocks held by the 100 richest people reached 123.2 trillion won (US$110.5 billion) as of the end of Wednesday, up [...]
SEOUL, Nov. 2 (Korea Bizwire) — Samsung Electronics Co. is expected to expand its production capacity for dynamic random-access memory (DRAM) chips next year in a bid to keep its dominance in the market, an industry tracker said Thursday. “There are reports that Samsung is considering expanding its production capacity to increase competition and raise [...]
SEOUL, Nov. 1 (Korea Bizwire) – Samsung Electronics America and co-working office space provider WeWork have joined hands to open customer service areas à la Apple ‘s Genius Bar, according to an October 30 report from American business magazine Fast Company. Genius Bars are customer service areas within Apple Stores that are staffed with employees [...]
SEOUL, Oct. 31 (Korea Bizwire) — Samsung Electronics Co. on Tuesday said its third-quarter net profit more than doubled on-year, mainly led by strong returns from its chip business amid an industrywide boom. Net profit came to 11.1 trillion won (US$9.87 billion), jumping from 4.53 trillion won posted a year earlier, the company said through [...]
SEOUL, Oct. 30 (Korea Bizwire) — The adoption of the latest technology in home appliances – from artificial intelligence to the internet of things – is being well-received by consumers, as manufacturers increase their efforts to release a wider range of technology-based white goods. According to sources close to the South Korean electronics industry, international sales [...]
SEOUL, Oct. 30 (Korea Bizwire) — Samsung Electronics Co. said Sunday it will release vacuum cleaners inspired by characters from “Star Wars” in cooperation with movie producer Lucasfilm Ltd. The South Korean tech giant said the new robot and wireless vacuum cleaners are modeled on characters from the movie series created by George Lucas. The [...]
SEOUL, Oct. 24 (Korea Bizwire) — Samsung Electronics Co. said Tuesday the organic light-emitting diode (OLED) technology is not suitable for use on television sets, apparently targeting its main rival LG Electronics Inc. while promoting its own QLED screens. The statement follows a YouTube video posted by the South Korean giant earlier, which also criticized [...]
SEOUL, Oct. 23 (Korea Bizwire) — Samsung Electronics Co. may pick a successor to its CEO and Vice Chairman Kwon Oh-hyun, as early as this week, after the top executive announced plans to retire, corporate sources said Sunday. Insiders familiar with the world’s largest computer chip and smartphone manufacturer said there could be a move [...]
SEOUL, Oct. 19 (Korea Bizwire) — South Korean washers topped product reviews by major U.S. consumer evaluators, industry watchers said Thursday, as Washington’s trade commission moves to take protectionist steps. Earlier this month, the U.S. International Trade Commission (ITC) determined that products made by Samsung Electronics Co. and LG Electronics Inc. are exerting an adverse [...]