SEOUL, Sept. 6 (Korea Bizwire) – Samsung Electronics may be praised for its swift decision to recall faulty Galaxy Note 7 phablets, but its affiliate Samsung SDI (SSDI), which was responsible for the production of some of the defective batteries, is facing a crisis. According to industry watchers, SSDI has tentatively halted its supply of [...]
SEOUL, Sept. 6 (Korea Bizwire) – South Korean consumers who already bought the Galaxy Note 7 smartphones are expected to prefer to replace their Note 7 devices with new ones rather than receive complete refunds because of a longer period for the replacement program, industry officials said Tuesday. Samsung announced a global recall of the [...]
SEOUL, Sept. 5 (Korea Bizwire) – Last week, Samsung Electronics announced a historic recall of its Galaxy Note 7 after confirming that some of the phones had faulty batteries. Ironically, on the same day, the electronics giant launched sales of refurbished smartphones in the United States. Experts now anticipate that Samsung’s phablet of concern may [...]
SEOUL, Sept. 5 (Korea Bizwire) – The mass recall of the Galaxy Note 7 smartphones over faulty batteries is expected to cut Samsung Electronics Co.’s second-half operating profit by about 820 billion won (US$738.2 million), an analyst said Monday. Samsung announced a global recall of the Note 7 smartphones on Friday after some of their [...]
SEOUL, Sept. 2 (Korea Bizwire) – Samsung Electronics Co. on Friday announced an unprecedented global recall of its Galaxy Note 7 after several of the phablets caught fire while being charged, promising to offer new replacements to all of the buyers at home and abroad. Samsung apologized for the recall in a news conference in [...]
SEOUL, Aug. 31 (Korea Bizwire) – The first allegations of a Galaxy Note 7 catching on fire came on August 24 in a post on Ppomppu, an online community largely frequented by smartphone users for tips and feedback. The victim said in a post that her “boyfriend’s Galaxy Note 7 exploded while it was charging,” [...]
SEOUL, Aug. 26 (Korea Bizwire) – Samsung Electronics Co. and LG Electronics Inc. will showcase their latest developments, gadgets and smart home appliances at next month’s consumer electronics fair in Berlin, according to company officials on Friday. The annual IFA fair, to be held in Berlin from Sept. 2-7, will bring together about 240,000 participants [...]
SEOUL, Aug. 24 (Korea Bizwire) – Samsung Display Co. said Wednesday that it has formed an alliance with its sister company Samsung Electronics, and Chinese TV and panel manufacturers to further cooperate on expanding the curved panel industry. The agreement was made at a forum held by Samsung Display and the Congressional-Executive Commission on China [...]
SEOUL, Aug. 22 (Korea Bizwire) – Market players in South Korea have placed mixed bets on shares of Samsung Electronics Co. this month, with foreigners remaining a net seller of the stock while local institutional investors keep buying it. Shares of Samsung hit an all-time closing high of 1,675,000 won (US$1,492) last Friday. The stock [...]
HANOI, Vietnam, Aug. 9 (Korea Bizwire) – Vietnam is becoming an increasingly attractive manufacturing location for Korean electronics makers. “Labor costs in Vietnam are inexpensive, with a labor force more than 54 million strong. The conditions for industrial investment are still good,” said Park Byeong-guk, vice director of the Korea Trade-Investment Promotion Agency’s regional branch [...]