SEOUL, Nov. 16 (Korea Bizwire) — Of all registered executives of Korean publicly listed firms, Shin Jong-kyun, Samsung Electronics’ IT & mobile division president, was ranked as the highest paid executive for the first nine months of the year at 12 billion won (US$10.9 million). Chung Mong-koo, Hyundai Motor Group chairman, won the top position among [...]
SEOUL, Oct. 16 (Korea Bizwire) — In South Korea, Samsung Electronics is the most favored and sought-after company among Korean university grads. Reflecting their enthusiasm to work at Samsung, around 200,000 university students including retakers — and even third-time retakers — took the Samsung Aptitude Test (SSAT), a kind of entry test for Samsung Group, this year. [...]
SEOUL, Oct. 7 (Korea Bizwire) — Samsung Group decided to withdraw its solar energy business in a five promising business list and add up a mobile solution field to the list. The leading conglomerate announced on October 5 that it was underway to restructure its five prospective business plan – medical devices, light emitting diode solar [...]
SEOUL, Oct. 2 (Korea Bizwire) – Samsung Group and LG Electronics came forward to helping out immigrant women by opening a café and free cooking classes respectively. On September 30, Samsung opened a café named “E-eum,” meaning connection in English, at the student union building of Daegu University in Gyeongsan, North Gyeongsang Province. The café with the size [...]
SEOUL, July 9 (Korea Bizwire) — The employees of Samsung Group were paid a bonus called “TAI” (target achievement incentive) on July 8. The incentive bonus, given twice a year, is paid in four different grades from “A” to “D” depending on each affiliate’s financial performance and the degree of achievement vis-à-visthe target. As the first-half TAI [...]
SEOUL, July 4 (Korea Bizwire) – While Korea’s large business groups like Samsung, Hyundai and SK gained about half its sales from overseas markets, their domestic sales decreased 5 percent and their portion fell 2 percentage points respectively last year. According to a recent survey conducted by CEO Score investigating the business performances of the nation’s [...]
SEOUL, July 1 (Korea Bizwire) – A new company integrating two Samsung Group companies, Samsung SDI and Cheil Industries, has set sail on July 1. The two companies had decided to merge with each other in March this year in board of directors meetings. The newly created company, which retained the name of Samsung SDI, will be [...]
SEOUL, June 5 (Korea Bizwire) – Samsung Everland Inc., a de facto holding company for the whole Samsung Group affiliates, announced a plan for public offering following the footsteps of Samsung SDS. It is likely the IPO would be in the first quarter next year. On June 3, the company held a board of directors [...]
![[Feature] Another Shame on Korea, Samsung’s “Poor” Crisis Management](http://koreabizwire.com/wp/wp-content/uploads/2014/04/Samsung-Galaxy-S5-800x500.jpg "[Feature] Another Shame on Korea, Samsung’s “Poor” Crisis Management")
SEOUL, Korea, April 24, 2014 (Korea Bizwire) – Recently, The Wall Street Journal published a story doubting the crisis management ability of the Korean government revealed in the tragic accident of the sunken ferry Sewol. In it, the world-renowned news media said the leadership of President Park Geun-hye is being tested with several mishaps committed [...]
SEOUL, Korea, Mar 21 (Korea Bizwire) – For companies, reputation is more important than anything else. That’s why they spend fortunes on advertising and even today company chairmen are going all out to communicate with customers through social networking tools. Lately Hotel Shilla’s general manager and CEO Lee Bu-Jin, Who happens to be one of Samsung group [...]