SEOUL, Nov. 1 (Korea Bizwire) – Samsung Electronics is launching an additional six of its “Creative Lab” projects as separate startups. Creative Lab, or C-Lab, is an in-house incubation platform that offers Samsung employees the opportunity to turn their creative ideas into reality. The company sponsors idea items with high business potential to be launched [...]
SEOUL, Oct. 27 (Korea Bizwire) – Shareholders of Samsung Electronics Co. on Thursday approved the nomination of Vice Chairman Lee Jae-yong to the electronics giant’s board of directors. The approval enables the 48-year-old Lee, the only son of the ailing Samsung Electronics Chairman Lee Kun-hee, to more actively participate and take formal responsibility in the [...]
SEOUL, Oct. 27 (Korea Bizwire) – Samsung Electronics Co. said Thursday its third-quarter operating profit slipped 29.6 percent from a year earlier, mainly hit by the discontinuation of the Galaxy Note 7 smartphone over safety concerns. The world’s largest maker of smartphones said its operating profit for the July-September quarter stood at 5.2 trillion won [...]
CHUNCHEON, South Korea, Oct. 24 (Korea Bizwire) – Samsung Electronics donated five laundry trucks on Monday to five cities and counties in Gangwon Province. The donation was a part of Samsung’s charity ventures to provide laundry services for the elderly and the disabled whose physical displacements are limited. Each truck is equipped with four washing [...]
SEOUL, Oct. 12 (Korea Bizwire) – Samsung Electronics Co. said Wednesday it has revised its operating profit estimate for the third quarter down to 5.2 trillion won (US$4.6 billion), hit by the permanent end of the Galaxy Note 7 smartphone. Samsung had previously estimated that its operating profit for the July-September period may stand at [...]
SEOUL, Oct. 10 (Korea Bizwire) – Samsung Electronics Co. has temporarily suspended production of the Galaxy Note 7 smartphone, an official at a supplier for Samsung said Monday, amid a series of media reports that some Note 7 replacements have caught fire. The halt is in cooperation with consumer safety regulators from South Korea, the [...]
SEOUL, Oct. 7 (Korea Bizwire) – Samsung Electronics Co. predicted Friday that its third-quarter operating profit may rise 5.55 percent on year, despite a global recall of the Galaxy Note 7 smartphones. Operating profit is estimated at 7.8 trillion won (US$6.98 billion) in the July-September period, compared with 7.39 trillion won for the same quarter [...]
SEOUL, Oct. 6 (Korea Bizwire) – Samsung Electronics Co. said Thursday it has agreed to acquire a U.S. artificial intelligence software developer, Viv Labs, joining a race to develop a digital assistant for smartphones and home appliances. The Silicon Valley company was set up by the entrepreneurs who sold the Siri digital assistant to Apple [...]
SEOUL, Oct. 5 (Korea Bizwire) – Samsung Electronics Co., the world’s largest maker of smartphones, said Wednesday its global brand value exceeded US$50 billion this year, citing an annual survey of brand management firm Interbrand. This year, Samsung was again ranked as the seventh-most-valuable global brand with a value of $51.8 billion, up 14 percent [...]
SEOUL, Sept. 7 (Korea Bizwire) – Samsung Electronics Co. plans to release a deep black Galaxy Note 7 smartphone next month as scheduled, despite the current global recall over a battery problem, a company official said Wednesday. The Note 7 is available in four colors — Black Onyx, Silver Titanium, Gold Platinum and Blue Coral. [...]