SEOUL, March 20 (Korea Bizwire) — The Supreme Court has ordered tax authorities to refund Samsung Electronics Co. 11.3 billion won (US$9.3 million) in undue corporate taxes from a former patent deal with U.S. software giant Microsoft Corp., court officials said Sunday. Samsung filed the complaint against local tax officials, who purported that the South [...]
SEOUL, March 18 (Korea Bizwire) — Samsung Electronics Co. said Friday it has launched its first high-end TVs with the next-generation display technology QD-OLED in the North American and European markets. The South Korean tech giant said it has started to take preorders for 65- and 55-inch 4K QD-OLED TVs, which use self-emitting quantum-dot (QD) [...]
SEOUL, March 17 (Korea Bizwire) — Samsung Electronics Co. on Thursday launched new cheaper Galaxy A smartphones, the tech giant’s entry-level gadget targeting users looking for more affordable smartphones with advanced features. Samsung released two new models, the Galaxy A53 and A33, both with 5G connectivity, fitted with a brand new 5nm processor, AI camera [...]
SEOUL, March 16 (Korea Bizwire) — Samsung Electronics Co. is reviewing acquisition opportunities in various sectors, its top executive said Wednesday, as the tech giant seeks to expand its business and find a new growth engine. “While it is hard to tell you when, due to uncertainties at home and abroad, we are looking at [...]
SEOUL, March 15 (Korea Bizwire) — Samsung Electronics Co. expanded its share of the global foundry market in the fourth quarter, slightly narrowing down the gap with the industry’s leader TSMC, a report showed Tuesday. The South Korean chipmaker’s share rose 1.1 percentage points to reach 18.3 percent in the October-December period, according to market [...]
SEOUL, March 14 (Korea Bizwire) — Samsung Electronics Co. says it will unveil new Galaxy A smartphones Thursday, the tech giant’s entry-level gadget targeting users looking for more affordable smartphones with flagship features. Calling the Galaxy A series the company’s “most popular smartphone category,” Samsung said it “is taking the impactful Galaxy innovations for the [...]
SEOUL, March 14 (Korea Bizwire) — Samsung Electronics Co. is facing the double whammy of a decline in its share price and shareholder opposition to its board of director appointment plan ahead of the annual shareholders meeting slated to be held on Wednesday. Samsung shareholders have been engaged in online voting since March 6. One of [...]
SEOUL, March 8 (Korea Bizwire) — Samsung Electronics Co.’s OLED TV is unlikely to be released by year’s end as the company is demanding that panel suppliers cut their prices below the market price. The tech giant demanded that LG Display Co. set the supply price of 65-inch panels at a level up to 20 [...]
SEOUL, March 7 (Korea Bizwire) — Samsung Electronics Co. said Monday that a recent cyberattack by a hacking group on its system did not cause major harm to its business and customers. In a statement posted on the company’s internal forum, Samsung said no personal information of its customers and employees was stolen and there [...]
SEOUL, March 7 (Korea Bizwire) — Samsung Electronics Co. said Monday that it has temporarily suspended product shipments to Russia due to major disruptions in global logistics over the unrest over the Russian invasion of Ukraine. “Samsung was forced to stop shipments to Russia due to various factors, including logistics issues and unstable exchange rates, [...]