SEOUL, Nov. 17 (Korea Bizwire) – South Korean tech giant Samsung Group unveiled Sunday a 450 trillion-won (US$309.1 billion) investment plan for the next five years, as part of broader efforts to ramp up domestic investment after Seoul concluded its trade deal with the United States. Samsung Electronics Co., the crown jewel of the country’s [...]
SEOUL, Oct. 27 (Korea Bizwire) — Samsung Electronics Co.’s new Chairman Lee Jae-yong called on employees Thursday to rise up to challenges and to focus more on technology development. “Now is time for us to mount more bold challenges. Our survival depends on future technologies,” he said in a message posted on the company’s internal [...]
SEOUL, April 14 (Korea Bizwire) — Financial affiliates of South Korean conglomerate Samsung Group on Thursday launched an integrated financial service app that offers various financial plans spanning insurance to financial investment. The new Samsung app, Monimo, offers services from four Samsung financial affiliates, such as Samsung Life Insurance Co., Samsung Fire & Marine Insurance, [...]
SEOUL, April 12 (Korea Bizwire) — Financial affiliates of Samsung Group, South Korea’s top conglomerate, on Tuesday said they will launch a new integrated brand and unified platform to secure a larger pool of customers from the MZ generation. Named Monimo, the single platform, which will house five financial affiliates, including Samsung Life Insurance Co. [...]
SEOUL, Nov. 18 (Korea Bizwire) — Samsung Group’s de facto leader Lee Jae-yong has met with leaders of Moderna and Verizon in the United States to enhance cooperation with the global partners, Samsung said Thursday, as part of efforts to secure the conglomerate’s next growth engines. Lee, vice chairman of Samsung Electronics Co., met Noubar [...]
SEOUL, Nov. 14 (Korea Bizwire) — Lee Jae-yong, the de facto chief of Samsung Group, embarked on a business trip to North America on Sunday reportedly aimed at finalizing a project to build a new U.S. chip plant and holding talks over COVID-19 vaccines with Moderna Inc. According to industry sources, Lee is scheduled to [...]
SEOUL, Sept. 14 (Korea Bizwire) — Samsung Group on Tuesday promised to create 30,000 new youth jobs in South Korea in three years by expanding its corporate social responsibility initiatives (CSR), the government said. The plan to create 10,000 new youth jobs annually for three consecutive years was revealed during a partnership announcement event between [...]
SEOUL, Aug. 9 (Korea Bizwire) — Samsung Group, the country’s largest conglomerate, is likely to ramp up its investment and merger and acquisition (M&A) with the parole of its leader despite controversy over the legitimacy, industry insiders said Monday. The parole board under the justice ministry approved Lee Jae-yong’s release from jail after hours of [...]
SEOUL, Jan. 18 (Korea Bizwire) — Samsung Group is once again facing turmoil as its de facto chief, Lee Jae-yong, was again imprisoned in a bribery case, sparking worries that uncertainties may further increase over business and investment plans by the global tech behemoth in the post-pandemic era. A Seoul court on Monday sentenced Samsung [...]
SEOUL, Nov. 23 (Korea Bizwire) — Shares in major units of South Korea’s top conglomerate, Samsung Group, have risen at double-digit rates since the death of its chief a month ago on hopes for an economic recovery and more dividends from them, data showed Monday. Share prices of Samsung Electronics and six other major subsidiaries [...]