SEOUL, Oct. 8 (Korea Bizwire) — Samsung Electronics Co. said Tuesday its operating earnings plunged 56 percent in the third quarter from a year earlier, mainly hit by continuing falls in global chip prices, but its performance was better than the market had expected. The operating profit was estimated at 7.7 trillion won (US$6.4 billion) [...]
SEOUL, Oct. 7 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong is visiting India to check the world’s largest smartphone maker’s businesses there, industry sources said Monday, raising speculations that the South Korean tech giant may make further investment to expand its presence in the world’s second-largest smartphone market. Lee arrived in India on [...]
SEOUL, Sept. 29 (Korea Bizwire) — Samsung Electronics Co., the world’s largest maker of memory chips and smartphones, is likely to report a 60.2 percent plunge in its third-quarter operating profit, hit by continuing falls in chip prices, an industry report showed Sunday. According to the report by Seoul-based financial market tracker FnGuide, Samsung is [...]
SEOUL, Sept. 19 (Korea Bizwire) – Samsung Electronics Co.’s share price rallied this month on hopes for a recovery in the memory chip market and earnings in the upcoming quarters. Shares of Samsung Electronics, the top market cap on South Korea’s stock market, closed at 49,150 won (US$41.2) on Thursday, up 3.04 percent from the [...]
SEOUL, Sept. 17 (Korea Bizwire) — South Korea’s two electronics giant once again clashed over 8K television technology Tuesday in attempt to get an early lead in the premium segment still in a nascent stage. 8K refers to the highest-resolution standard for content creation, which offers four times the number of pixels of a 4K [...]
SEOUL, Sept. 16 (Korea Bizwire) — Samsung Electronics Co., an official sponsor of the Olympic Games, is at a crossroads as it faces deteriorating Korea-Japan relations and the upcoming Olympic Games Tokyo 2020. Japan’s export restrictions imposed against South Korea and the diplomatic chill since have put pressure on Samsung to withhold from promoting the [...]
BERLIN, Sept. 11 (Korea Bizwire) — While IFA is Europe’s largest consumer electronics show, this year’s event had an interesting twist with unusual scene stealers form the mobile industry to give much-needed hype for the foldable phones and 5G. IFA closed Wednesday after a six-day run, hosting over 1,900 exhibitors that showcased the latest televisions, [...]
BERLIN, Sept. 8 (Korea Bizwire) — Samsung Electronics Co. and SK Telecom Co. have agreed to develop 8K televisions based on 5G networks to diversify content available on the top-end resolution TVs, they said Sunday. 8K TVs offer four times the number of pixels as 4K screens, and 5G is the ultra-fast wireless network that [...]
SEOUL, Sept. 3 (Korea Bizwire) — Samsung Electronics Co., the world’s leading memory chip and smartphone maker, has begun replacing Japanese materials with local supplies for its production of semiconductors, company officials said Tuesday, a move that could offset Japan’s restrictions on high-tech exports to South Korea. “(The company) has injected supplies other than Japanese [...]
SEOUL, Sept. 2 (Korea Bizwire) — Flying taxis and buses, a sleepover in space, self-cleaning homes, and internet that connects to the brain. These are part of the landscape that six of Britain’s leading academics and futurists have drawn for the future in 50 years’ time, published in Samsung KX50: The Future in Focus report, [...]