SEOUL, March 21 (Korea Bizwire) — Samsung Electronics Co. on Tuesday unveiled more energy efficient and AI-powered high-end household appliances for this year, seeking to boost sales and take its standard for smart home life to another level. The South Korean tech giant showcased the latest line of luxury home devices, Bespoke Life, which is [...]
SEOUL, March 21 (Korea Bizwire) — Samsung Electronics Co.’s acquisition of additional shares in robot developer Rainbow Robotics is igniting interest on whether it will resume large-scale merger and acquisition (M&A) initiatives, which have been halted for about six years. The South Korean tech giant can become the largest shareholder of Rainbow Robotics depending on [...]
SEOUL, March 16 (Korea Bizwire) — Samsung Electronics Co. said Thursday it has acquired additional shares of Rainbow Robotics, in a move to enhance its robotics business, a sector it sees as having a huge growth potential. Samsung said in a regulatory filing that it bought 913,936 shares of the South Korean robot company for [...]
SUWON, March 15 (Korea Bizwire) — Samsung Electronics Co. will beef up its robotics business this year to more proactively respond to a future where artificial intelligence-powered machines will take a more important role in human life, its chief executive said Wednesday. The South Korean tech giant “will strengthen core technologies necessary to develop various [...]
SEOUL, March 15 (Korea Bizwire) — As Samsung Electronics Co. is weathering a slump in the semiconductor industry, the company plans to raise wages at a lower rate than in previous years. Industry sources said that the company proposed a base-up level of around 1 percent during its wage negotiations with the labor union. A [...]
PYEONGTAEK, March 15 (Korea Bizwire) — A series of thefts at Samsung Electronics Co.’s chip plant in Pyeongtaek, 70 kilometers south of Seoul, has become a major source of distress for the company’s workers. According to the Pyeongtaek Police Office, an investigation was launched after a string of reports of smartphone thefts at a changing [...]
SEOUL, March 14 (Korea Bizwire) — With Apple Pay’s imminent launch in the South Korean market, Samsung Electronics Co. is pushing to join hands with Kakao following its earlier partnership with Naver Corp. According to industry sources, the tech giant is now in talks with Kakao Corp. to mutually integrate mobile payment services between Samsung [...]
SEOUL, March 13 (Korea Bizwire) — The global downturn in the chip industry is cooling down the temporary labor market around Samsung Electronics Co.’s semiconductor campus in Pyeongtaek, 65 kilometers south of Seoul, which is now under construction. The population of Pyeongtaek stood at 573,987 last year, rising by 27.5 percent over seven years from 450,532 in 2015 [...]
SEOUL, March 8 (Korea Bizwire) — Samsung Electronics Co. has launched the trial distribution of its visual aid solution for visually impaired people. The solution, named Relumino, is a device that acts as a visual aid to visually impaired people with residual vision. This device was developed by Samsung’s in-house venture incubator program C-Lab. Relumino [...]
SEOUL, March 7 (Korea Bizwire) — Samsung Electronics Co., the world’s largest memory chipmaker, saw inventory held by its chipmaking division shot up 76.6 percent last year amid weak demand for chips around the globe, its annual report showed Tuesday. According to the report, its chipmaking unit’s inventory reached 29.06 trillion won (US$22.3 billion) at [...]