SEOUL, Aug. 26 (Korea Bizwire) — Samsung Group, South Korea’s top conglomerate, said Wednesday it will offer its training institutes to be used as treatment centers for novel coronavirus patients in the greater Seoul area in a move to support local health authorities in securing more hospital beds. Samsung Fire & Marine Life Insurance Co.’s [...]
SEOUL, Aug. 13 (Korea Bizwire) — Samsung Group is likely to meet its 180 trillion-won (US$152 billion) investment pledge, industry observers said Thursday, as South Korea’s top conglomerate’s spending for future growth businesses is going well and as planned. In August 2018, Samsung announced that it will invest 180 trillion won over the next three [...]
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 [...]
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 [...]
SEOUL, Feb. 3 (Korea Bizwire) — The chief of South Korea’s top conglomerate Samsung Group stands to receive 470 billion won (US$392 million) in 2019 dividends, with the bulk coming from group flagship Samsung Electronics Co., a corporate tracker said Monday. Lee Kun-hee, Samsung Electronics’ ailing chairman, will receive dividends of 353.8 billion won from [...]
SEOUL, Feb. 3 (Korea Bizwire) — After key company executives were found guilty of union busting, pressure on Samsung Group to amend its “no-union” policy is growing. In the midst of the controversy, employees of Samsung Fire & Marine Insurance Co., a Samsung Group’s insurance affiliate, will also form a labor union for the first [...]
SEOUL, Jan. 2 (Korea Bizwire) — South Korea’s top conglomerate Samsung Group said Thursday that it will strengthen its compliance programs by forming a groupwide committee dedicated to better complying with its own internal structure and related laws and regulations, as its key executives, including the group’s de facto heir Lee Jae-yong, were embroiled in [...]
SEOUL, Nov. 20 (Korea Bizwire) – The family that owns South Korea’s No. 1 conglomerate Samsung Group fell a notch in the list of Asia’s richest families, data showed Monday. According to the list compiled by U.S.-based business magazine Forbes, the Lee family held assets estimated at US$40.8 billion this year, which puts them below [...]
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 [...]
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 [...]