SEOUL, Dec. 30 (Korea Bizwire) — Samsung Group, South Korea’s largest conglomerate, has seen its market capitalization plummet by over 160 trillion won this year, marking a significant contraction in its dominance on the domestic stock market. As of December 26, the total market value of Samsung’s 22 listed companies, including Samsung Electronics, Samsung Biologics, [...]
SEOUL, Dec. 23 (Korea Bizwire) – The projected fourth-quarter earnings for South Korea’s semiconductor leaders, Samsung Electronics and SK Hynix, have been revised downward as prolonged economic uncertainty weighs on IT demand. A polarized market driven by robust growth in artificial intelligence (AI) chips contrasts sharply with declining legacy semiconductor demand, creating headwinds for the [...]
SEOUL, Dec. 18 (Korea Bizwire) – Samsung Electronics announced on Wednesday the enhancement of its proprietary AI model, Galaxy AI, and the development of a robust data protection platform. These advancements will debut in the upcoming Galaxy S series, slated for release in January 2025, and are being tested through the One UI 7 beta program. [...]
SEOUL, Dec. 13 (Korea Bizwire) – Amid growing geopolitical and economic uncertainties, including escalating U.S.-China tensions and the anticipated inauguration of Donald Trump’s second term, South Korea’s major corporations are conducting high-level strategy meetings to fine-tune their business plans for 2024. Samsung Electronics to Focus on Core Competitiveness Samsung Electronics will host its biannual Global [...]
SEOUL, Dec. 13 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. said Friday it will launch an “extended reality” (XR) headset jointly developed with Alphabet Inc.’s Google and Qualcomm Inc. in global markets next year. The extended reality headset is part of wearable devices to be powered by the new version of Google’s [...]
SEOUL, Dec. 9 (Korea Bizwire) – In a significant pivot toward the world’s most populous nation, South Korean corporate powerhouses are intensifying their focus on India, seeing it as both an antidote to their China-dependent supply chains and a promising frontier for growth. Companies like Samsung Electronics, LG Electronics, and Hyundai Motor are expanding their footprint [...]
SEOUL, Nov. 29 (Korea Bizwire) – Samsung Electronics is expected to announce a significant reduction in its executive ranks during its upcoming annual leadership reshuffle scheduled for November 29. Among the most notable changes, around 100 executives from the semiconductor division (DS) are set to retire—a move that marks an unprecedented level of departures in [...]
SEOUL, Nov. 28 (Korea Bizwire) – Samsung is reinforcing its management structure to address challenges stemming from the downturn in its semiconductor business, which has contributed to a broader corporate crisis. The move follows a leadership reshuffle in Samsung Electronics’ semiconductor division on November 27 and involves the strategic deployment of trusted executives, including former members [...]
SEOUL, Nov. 25 (Korea Bizwire) — Kia, LG Electronics, and Samsung Electronics have been ranked among the top companies for engineers in the United States by Forbes, highlighting their strong reputation in the competitive local job market. According to an industry report on Sunday, Forbes, in collaboration with market research firm Statista, published a list [...]
SEOUL, Nov. 14 (Korea Bizwire) – Samsung Group shares, long considered a cornerstone of South Korean investing, continued their downward trajectory as foreign and institutional investors led a significant selloff, while retail investors moved to buy the dip. Market analysts suggest that despite current undervaluation, a quick recovery appears unlikely. On November 13, Samsung Electronics closed [...]