SEOUL, April 7 (Korea Bizwire) – Samsung Electronics Co. said Thursday it is likely to report its best first-quarter earnings in four years on the back of solid chip and mobile demand. In its earnings guidance, the South Korean tech giant estimated its operating profit at 14.1 trillion won (US$11.5 billion) for the first three [...]
SEOUL, April 6 (Korea Bizwire) — Samsung Electronics Co. said Wednesday the sales of its latest Galaxy S series are expected to surpass 1 million units in South Korea later this week, two weeks faster than its predecessor did. The Galaxy S22 series was launched on Feb. 25 with three models — the Galaxy S22, [...]
SEOUL, April 1 (Korea Bizwire) — Rumors are swirling about the alliance between Samsung Electronics Co., the world’s largest TV maker by sales, and LG Display Co., a major display panel maker in South Korea. The two companies are currently engaged in negotiations over the supply of OLED panels for use in TVs, according to [...]
SEOUL, March 30 (Korea Bizwire) — Samsung Electronics Co. on Wednesday laid out a vision for new innovative TV experiences and introduced its latest premium TV product. During a live online event, titled Unbox & Discover 2022, the world’s largest TV maker by sales emphasized customized TV features based on artificial intelligence, as well as [...]
SEOUL, March 29 (Korea Bizwire) — Samsung Electronics Co. and SK hynix Inc., the world’s two largest memory chip makers, are forecast to report robust earnings in the first quarter, despite a hike in raw material prices and continued global supply woes, a financial data firm said Tuesday. Samsung is estimated to log 13.89 trillion [...]
SEOUL, March 29 (Korea Bizwire) — The labor and management of Samsung Electronics Co. have failed to narrow their differences in 2021 wage negotiations. Management sent an official letter to the labor union last week, saying, “If the union merges the agenda proposed in the 2021 wage negotiations with the 2022 wage negotiations, discussions would [...]
SEOUL, March 25 (Korea Bizwire) — Samsung Electronics Co. said Friday it will unveil its 2022 TV lineup next week as the tech giant is eyeing a more diversified premium TV portfolio. The South Korean tech giant will showcase its latest TV products, including its latest high-end Neo QLED TVs, during the online event, titled [...]
SEOUL, March 24 (Korea Bizwire) — Samsung Electronics Co. announced Wednesday the Bespoke Creator AI, a service that helps consumers customize colors for the tech giant’s Bespoke home appliances. Customers can use the service to simulate various mixes of colors that would fit perfectly in their homes. The service provides three kinds of recommendations. The [...]
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) [...]