SEOUL, Aug. 31 (Korea Bizwire) — Foreign investors dumped shares of Samsung Electronics and SK hynix during their recent selling spree sparked by China’s stock rout and uncertainty over a U.S. rate hike, data showed Monday. Offshore investors unloaded 751.3 billion won (US$635.4 million) worth of Samsung Electronics shares between Aug. 5 and Friday, lowering their [...]
SEOUL, Aug. 30 (Korea Bizwire) – Samsung Electronics Co., the world’s largest handset maker, slipped to the world’s 13th most valuable IT company by market cap as the tech giant’s shares suffered losses this year due to a bleak business outlook, a report showed Sunday. Samsung, South Korea’s most valuable company, had remained in the [...]
SEOUL, Aug. 25 (Korea Bizwire) – KT, Korea’s second largest mobile carrier, today launched the “GiGA IoT Alliance,” an open consortium for Internet of Things (IoT) related industries, which will support brainstorming ideas for startups, commercializing the ideas, and promoting them overseas. The GiGA IoT Alliance, Korea’s largest IoT consortium, is composed of approximately 100 [...]
SEOUL, Aug 24 (Korea Bizwire) – When customers purchase premium smartphones, mobile carriers often offer practical items such as wireless chargers or transparent protection cases worth more than 50,000 won as promotional gifts. When Samsung Electronics rolled out its flagship Galaxy Note 5 model in Korea, SK Telecom, the largest mobile carrier in Korea in terms [...]
SEOUL, Aug. 24 (Korea Bizwire) — Fears of a slowdown in the Chinese economy sent shockwaves across global financial markets on Monday, leaving South Korean exporters jittery over their future performance as they rely heavily on the world’s second-largest economy, experts said. China’s Shanghai Composite Index tumbled 8.49 percent on Monday as investors dumped shares [...]
SEOUL, Aug. 24 (Korea Bizwire) — The newly released phablets by South Korea’s top tech giant Samsung Electronics are expected to revitalize the company’s ailing handset returns, with more than 75,000 units being sold in the first three days of their debut, industry data showed Sunday. The Galaxy Note 5 and the Galaxy S6 Edge+, the larger edition [...]
SEOUL, Aug. 19 (Korea Bizwire) – At the recent WorldSkills Competition held in Sao Paulo, Vietnam won its first ever medal. The spotlight came to the honorable winner, Nguyen Duy Thanh, but Korean tech giant Samsung Electronics was behind the stage supporting Thanh’s historic achievement. According to WorldSkills, organizer of the biennial skills competition, Thanh won [...]
SEOUL, Aug. 18 (Korea Bizwire) – Korean smartphone makers floundering between Apple and Xiaomi need to reinforce their premium phone line ups rather than pushing low-end phones, a report has recommended. According to a report released by the KT Economic Management Research Institute on August 18, titled “Strategies to Make Premium Smartphones,” Korean smartphone makers like Samsung [...]
SEOUL, Aug. 18 (Korea Bizwire) – South Korea’s top tech giant Samsung Electronics said Tuesday the country’s 10 credit card companies have agreed to support its new mobile payment system whose launch is slated for later this week. The Samsung Pay service, scheduled to debut on Thursday in South Korea, supports not only the near field [...]
SEOUL, Aug. 17 (Korea Bizwire) – The Powerbot, introduced one year ago by Samsung Electronics, is holding an overwhelming 90 percent market share in the premium robot vacuum market in Korea after selling 25,000 units. In July 2014, Samsung Electronics rolled out the Powerbot, which features an ultra-powerful digital inverter motor that is 140 times [...]