SEOUL, Mar. 2 (Korea Bizwire) — Samsung Electronics Co. dominated the global TV market for the 10th consecutive year in 2015, data showed Tuesday, on the back of the strong performance of its high-end models. Samsung took up 27.5 percent of the global TV market in terms of sales and 21 percent in shipments last [...]
SEOUL, Jan. 27 (Korea Bizwire) - Samsung Electronics Co. plans to provide large-sum bonuses for its employees in the semiconductor and smartphone sectors as a reward for last year’s performance, industry sources said Wednesday. Under the plan, Samsung Electronics will provide their workers what it calls overall performance incentive worth 50 percent of their annual salary [...]
SEOUL, Jan. 25 (Korea Bizwire) – Samsung Electronics Co. said Monday that Chinese home appliance maker Haier Group’s takeover of the household appliance business of U.S.-based General Electric will not have a great impact on its performance over the short term. In mid-January, Haier said it will purchase GE’s home appliance business for US$5.4 billion, [...]
SEOUL, Jan. 14 (Korea Bizwire) – Samsung Electronics Co. said Thursday it has delivered a letter of apology to the families of its workers who fell ill or died from working at its facilities, claiming that the eight-year-long dispute has came to an end. “On Thursday, Samsung Electronics Vice Chairman Kwon Oh-hyun met with [...]
SEOUL, Jan.14 (Korea Bizwire) – The sales of large-screen TVs soared in the domestic market in 2015. According to Samsung Electronics, sales of 55-inch TVs increased more than 60 percent, and sales of TVs larger than 60 inches increased more than 70 percent compared to 2014. The company’s 65-inch SUHD TV ranked first in sales, [...]
SEOUL, Jan. 12 (Korea Bizwire) – Samsung Electronics Co. agreed Tuesday with victims of leukemia and other work-related diseases to ramp up efforts to improve working conditions at its plants in order to prevent workplace disasters. The deal, signed by representatives from Samsung Electronics and two groups representing the victims and their families, calls for [...]
SEOUL, Jan. 11 (Korea Bizwire) – Global panel makers are poised to ramp up their production of curved models this year in an effort to find a new source of profit amid a slowing global TV market, industry sources said Monday. According to data compiled by China-based market tracker Sigmaintell, global shipments of curved liquid [...]
SEOUL, Dec. 29 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it has commenced the industry’s first mass-production of all-in-one bioprocessors that can be applied to various health care smart devices to collect users’ biological information. The Samsung Bio-Processor, also dubbed “S3FBP5A,” will be used to measure different health care information, such as body fat, [...]
SEOUL, Nov. 25 (Korea Bizwire) — South Korea’s science and industry ministries said Wednesday they will spend 127 billion won (US$110.7 million) on boosting the wearable device industry through 2020 as part of efforts to secure new growth engines for the country. Under the plan, the Ministry of Science, ICT, and Future Planning, and the [...]
SEOUL, Nov. 24 (Korea Bizwire) – South Korea’s top tech firm Samsung Electronics Co. said Tuesday it will open more of its technology patents to smaller local firms in line with its vision for shared growth. In June this year, Samsung also said it will share 3,000 technology patents with local firms free of charge. [...]