SEOUL, March 30 (Korea Bizwire) – The value of land possessed by South Korea’s top 10 business groups reached an all-time high of 63.29 trillion won (US$57.18 billion) at the end of 2014, up 4 percent from a year ago, a market researcher said Monday. The value of land owned by 95 listed companies under [...]
SEOUL, March 27 (Korea Bizwire) — LG Electronics, South Korea’s No. 2 tech giant, opened a new production base in Vietnam on Friday that will manufacture the company’s key products for exports, the company said. Located in Haiphong, a northern port city of the country, the 800,000-square-meter Vietnam Haiphong Campus will allow LG to produce price-competitive [...]
SEOUL, March 26 (Korea Bizwire) – South Korea’s top tech giant, Samsung Electronics, reduced its combined expenditures on wages and advertisements in 2014 apparently due to its lackluster earnings, data showed Thursday. The market behemoth handed out 9.3 trillion won (US$8.44 billion) to its employees in 2014, down 0.3 percent from a year earlier, its [...]
SEOUL, March 24 (Korea Bizwire) — South Korea’s tech giant Samsung Electronics said Tuesday it plans to pre-install applications and services provided by Microsoft on the soon-to-be-released Galaxy S6, as well as other Android-powered mobile devices. Under the plan, Samsung said it will “bring Microsoft mobile productivity services to more consumers and business customers” by installing [...]
SEOUL, March 22 (Korea Bizwire) — Samsung Electronics has installed 68 floor tiles that generate electricity when they’re walked on at Sandton City, a shopping center located in Sandton, Johannesburg. The power generated by the tiles from March 7 to 19 was 180kW, which corresponds to the amount of electricity needed to power a typical Korean [...]
SEOUL, March 20 (Korea Bizwire) – South Korean tech powerhouse Samsung Electronics is forecast to sell over 55 million units of its latest premium smartphones this year, with its advanced specs and upgraded features keeping them in firm demand, a market report said Friday. The outlook for shipments of the Galaxy S6 and Galaxy S6 [...]
SEOUL, March 17 (Korea Bizwire) — South Korean companies’ earnings for 2014 dropped sharply on weak domestic demand and the strong local currency, but their bottom lines were found to have actually improved when tech giant Samsung Electronics and oil refiners were excluded from calculations, data showed on Tuesday. According to the data compiled by [...]
SEOUL, March 5 (Korea Bizwire) — South Korea’s top conglomerate Samsung, which holds one of the leading smartphone makers Samsung Electronics under its wing, was declared as the second-most valuable brand in the globe, data showed Thursday. The price tag on the Samsung brand was estimated at US$81.7 billion in 2015, up 4 percent from a [...]
SEOUL, Feb. 26 (Korea Bizwire) – South Korea’s tech giant Samsung Electronics said Thursday it has started mass production of an upgraded flash memory chip for smartphones with a high speed and a high capacity, which will help mobile devices run more stable. Samsung claimed that the 128GB Universal Flash Storage (UFS) for smartphones is an industry first, [...]
SEOUL, Feb. 19 (Korea Bizwire) — South Korea’s tech giant Samsung Electronics said Thursday that it has bought U.S. mobile technology firm LoopPay, a move apparently aimed at making inroads into the mobile payment technology market against its rival Apple. “Samsung has made efforts to provide safe and convenient mobile payment service,” said Shin Jong-kyun who [...]