SEOUL, May 3 (Korea Bizwire) – Lee Jae-young, vice chairman of global tech titan Samsung Electronics Co., has emerged as South Korea’s richest stockholder following inheriting stocks from his late father, a corporate tracker said Monday. Lee’s mother and his two sisters also ranked second to fourth, with Kim Beom-su, founder and chief of South [...]
SEOUL, May 2 (Korea Bizwire) — Retail investors’ stock ownership in Samsung Electronics Co., South Korea’s most valuable company, surpassed 10 percent for the first time as they went bargain hunting for its shares amid the COVID-19 pandemic last year, industry data showed Sunday. Individual investors owned a total of 65.3 million common shares of [...]
SEOUL, April 30 (Korea Bizwire) — Lee Jae-yong, the apparent heir of Samsung Group, bolstered his control of Samsung Electronics Co. with stocks inherited from his late father, an indication that the ownership structure of South Korea’s top conglomerate remains steadfast, affiliate filings showed on Friday. Jae-yong, the vice chairman of Samsung Electronics, jacked up [...]
SEOUL, April 30 (Korea Bizwire) — Samsung Electronics Co. was the runner-up in the first-quarter smartphone market in terms of revenue, a report showed Friday, though it was the top vendor by volume. The South Korean tech titan logged a revenue share of 17.5 percent in the January-March period, down from 20.2 percent a year [...]
SEOUL, April 30 (Korea Bizwire) — Samsung Electronics Co. remained the world’s second-largest tablet computer vendor in the first quarter of the year, a report showed Friday, amid the market’s robust growth driven by the stay-at-home economy. The South Korean giant logged a market share of 20 percent in the January-March period, after shipping 8 [...]
SEOUL, April 30 (Korea Bizwire) — Samsung Electronics Co. lost its leading position in the global 5G smartphone market to rank fourth in the first quarter of the year, a report showed Friday, as Apple Inc. and Chinese makers expanded their presence with new devices. Samsung’s share in the 5G smartphone market stood at 12.7 [...]
SEOUL, April 29 (Korea Bizwire) — Samsung Electronics Co. said Thursday that a monthlong shutdown at its U.S. semiconductor plant cost it more than 300 billion won (US$270 million) in losses, although the facility is now fully normalized. “There was a wafer production disruption due to the stopping and recovering of the fab,” Han Seung-hoon, [...]
SEOUL, April 29 (Korea Bizwire) — Samsung Electronics Co. on Thursday expected its semiconductor business to rebound in the current quarter following mediocre performance, although its mobile unit is projected to suffer a profit decline after spearheading its strong first-quarter earnings. Samsung’s net profit stood at 7.14 trillion won (US$6.4 billion) in the January-March period, [...]
SEOUL, April 28 (Korea Bizwire) — Samsung Electronics Co. on Wednesday unveiled two new models of Galaxy Book Pro laptops as the South Korean tech giant eyes to boost notebook sales amid the pandemic-driven stay-at-home trend. Samsung introduced the Galaxy Book Pro 360 and the Galaxy Book Pro laptops at its Galaxy Unpacked online event. [...]
SEOUL, April 27 (Korea Bizwire) — Samsung Electronics Co. expanded its presence in the Indian smartphone market in the first quarter of the year on the back of multiple new handsets, a report showed Tuesday, as the South Korean tech giant aims to fend off challenges from Chinese players. Samsung represented 20 percent of the [...]