SEOUL, NOV. 22 (Korea Bizwire) – Samsung SDS is branching out into the Chinese distribution industry after signing a business agreement with the Guangzhou Post Office. The latest move by Samsung’s information technology affiliate will see the company work with Chinese shopping websites to deliver products around the globe. According to industry statistics, China’s e-commerce market [...]
SEOUL, Sept. 5 (Korea Bizwire) — Samsung SDS. Co., an information technology arm of South Korea’s top conglomerate Samsung, on Tuesday launched Brity, a business-oriented artificial intelligence platform. The IT developer said Brity is capable of understanding natural languages, serving as what it calls an “intelligent secretary” that can carry out duties requested by a [...]
SEOUL, April 6 (Korea Bizwire) – Samsung SDS Co., an IT arm of South Korea’s top conglomerate Samsung, announced Thursday it will begin full-fledged steps to tap the blockchain industry, which has been emerging as one of the key technologies for new growth engines. Samsung SDS announced it has developed “Nexledger,” a blockchain platform developed [...]
SEOUL, May 17 (Korea Bizwire) – Multinational technology firm IBM is aggressively enlarging its presence in South Korea, most recently adding financial tech to its list of services that already includes artificial intelligence (AI), robotics and security solutions, industry sources said Tuesday. The New York-headquartered company is exploring the local market for its “blockchain,” a [...]
SEOUL, June 4 (Korea Bizwire) – Most of the major Korean IT companies use little renewable energy while consuming significant amounts of power, says Greenpeace. According to a report released by the international environmental advocacy group in June, the seven major IT companies in Korea including Naver, SK C&C, KT, LG CNS, LG Uplus, Samsung [...]
SEOUL, April 27 (Korea Bizwire) — System integrators affiliated with South Korea’s family-run business groups increased internal transactions in 2014 despite the government’s efforts to curb excessive groupwide trades, data showed Monday. Internal transactions of the top 20 system integration subsidiaries of the family-run conglomerates, locally called chaebol, came to 8.36 trillion won (US$7.74 billion) [...]
SEOUL, Dec. 3 (Korea Bizwire) — As Samsung Group announced its annual president-level reshuffling results on December 1, the attention is now paid to the follow-up announcement on executive-level personnel change and the group affiliates’ organizational change. As for president-level change, the number of presidents sacked and appointed has been somewhat reduced from the last year. [...]
SEOUL, Nov. 7 (Korea Bizwire) — As much as 15 trillion won of money flowed in to a public subscription of Samsung SDS common stocks. It was because it has been a long time since there was a large-scale public subscription in the market while so much money was looking for high-return opportunities in the era of super-low [...]
SEOUL, Sep. 26 (Korea Bizwire) — As Samsung SDS passed the preliminary review for the initial public offering on September 25, it expects to list its shares by November this year. The Samsung Group company plans to hold a public subscription by next month, with shares held by the group affiliates to be sold to third-party buyers instead [...]
SEOUL, Sept. 25 (Korea Bizwire) – Whilst the renewed Korea’s over-the-counter (OTC) market soared in transaction volume 15 times higher than the Freeboard, the former OTC market, in the first month of opening on August 25, Samsung SDS topped with almost 70 percent of the trading volume in the market. According to the Korea Financial Investment Association, [...]