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Samsung Decides to Indefinitely Postpone Spring Hiring

Samsung Decides to Indefinitely Postpone Spring Hiring

SEOUL, March 13 (Korea Bizwire) — South Korea’s top conglomerate Samsung Group has decided to delay its traditional spring hiring period indefinitely as the coronavirus outbreak rages on. The deadline for submitting applications has already been pushed back. Last year, the group received applications from March 11, starting with job applications for its affiliates in [...]

Samsung Group’s Market Cap Increases 10.2 pct This Year

Samsung Group’s Market Cap Increases 10.2 pct This Year

SEOUL, Feb. 18 (Korea Bizwire) — The market value of Samsung Group units has risen more than 10 percent this year on a strong rally in tech-focused affiliates, a market tracker said Tuesday. The combined market capitalization of Samsung Electronics Co. and 15 other listed firms belonging to South Korea’s top conglomerate came to 524.2 [...]

Foreigners May Intervene in Samsung Management After Court Ruling

Foreigners May Intervene in Samsung Management After Court Ruling

SEOUL, Aug. 28 (Korea Bizwire) – Foreign stakeholders may expand their intervention in management decisions at Samsung Electronics Co. aftera Seoul court found its vice chairman de facto leader guilty of bribery, market watchers warned Sunday. Foreign investors who collectively hold more than 50 percent stake in the world’s largest smartphone manufacturer may demand the company’s board of directors be replaced as Vice Chairman Lee Jae-yong on Friday was sentenced to [...]

Samsung BioLogics Suffers Operating Loss During Second Quarter

Samsung BioLogics Suffers Operating Loss During Second Quarter

SEOUL, July 24 (Korea Bizwire) – Samsung BioLogics, a biopharmaceutical unit of South Korea’s top conglomerate Samsung Group, suffered a loss in the second quarter despite a rise in sales, the company said Monday. Sales jumped 33 percent on-year to 63.2 billion won (US$57 million) during the April-June period, the company said in a regulatory [...]

Samsung Group Heads Take Lecture on Mathematics

Samsung Group Heads Take Lecture on Mathematics

SEOUL, March 28 (Korea Bizwire) – On March 23, Samsung Group executives took part in a lecture given by a renowned mathematician. Park Hyung-ju, a professor at Aju University and head of the National Institute of Mathematical Sciences, was invited to Samsung’s headquarters in Seocho to present a lecture on the history and importance of mathematics. Professor [...]

Samsung, Shinsegae in Conflict Over Mobile Payment Tool

Samsung, Shinsegae in Conflict Over Mobile Payment Tool

SEOUL, March 18 (Korea Bizwire) – South Korea’s two leading conglomerates — Samsung Group and Shinsegae Group, which share the same lineage — have been locked in an unusual conflict over mobile payment tools, industry sources said Friday, as the two are promoting their respective platforms. According to the sources, Samsung’s service sector entities, including Hotel [...]