SEOUL, Sept. 25 (Korea Bizwire) — U.S. wireless chipmaker Broadcom Inc. said Monday it plans to seek an appeal against the South Korean regulator’s decision to slap a 19.1 billion-won (US$14.3 million) fine for its unfair business practices against Samsung Electronics Co. In a statement, Broadcom said it was “disappointed” over the Fair Trade Commission’s (FTC) decision, [...]
SEOUL, Sept. 25 (Korea Bizwire) — South Korea’s major companies performed far worse than their U.S. counterparts in the first half of 2023 due to the sluggish chip and energy sectors amid a global economic slowdown, a report showed Monday. South Korea’s top 100 nonfinancial firms listed on the main local bourse saw their combined [...]
SEOUL, Sept. 20 (Korea Bizwire) – The Samsung Guide Dog School (SGDS) is celebrating its 30th anniversary. It was started by the late Samsung Electronics Chairman Lee Kun-hee, who was a dog lover. Over the past 30 years, SGDS has increased awareness about disabilities and guide dogs and has become an important part of Samsung’s charitable [...]
SEOUL, Sept. 14 (Korea Bizwire) — A video has gone viral featuring South Korean football star Son Heung-min, currently playing for the Premier League club Tottenham Hotspur, refusing to hold a fan’s iPhone for a selfie. Son now serves as a PR ambassador for Samsung Electronics’ Galaxy brand, a rival to Apple’s tech products. Although he [...]
VATICAN/SEOUL, Sept. 14 (Korea Bizwire) — Samsung Electronics Co. has finished installing four LED billboards at St. Peter’s Square in the Vatican, where the Pope gives his weekly address. Samsung’s billboards became operational in time for the Papal Audience, the general audience session held every Wednesday morning for Catholic followers and tourists visiting the revered [...]
SEOUL, Sept. 14 (Korea Bizwire) — Among South Korea’s top 500 listed companies, 10 firms, including Hyundai Mobis, SK Telecom, Korea Zinc and Shinsegae, have been profitable for 94 consecutive quarters. However, among the companies that have sustained long-term profitability, several have slipped to losses due to the global economic downturn and the semiconductor market slowdown, [...]
SEOUL, Sept. 13 (Korea Bizwire) — With the one year anniversary of Samsung Electronics Co.’s release of its mid- to long-term environmental management strategy nearing, the South Korean tech giant has said it was on the path toward achieving net zero companywide by 2050. In September last year, Samsung unveiled the New Environmental Strategy, detailing [...]
SEOUL, Sept. 12 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it will invest US$1 million in Texas A&M University’s education and recruiting programs meant to nurture talent in the semiconductor sector. The South Korean chip giant signed the partnership with the engineering school last week in an effort to secure talent for its semiconductor [...]
SEOUL & VATICAN, Aug. 23 (Korea Bizwire) —Massive billboards crafted by Samsung Electronics in South Korea are poised to grace St. Peter’s Square in the Vatican, a revered Catholic sanctuary visited annually by millions of people. Replacing the existing Japanese Panasonic billboards, which have adorned the square for 16 years since their installation in 2007, [...]
SEOUL, Aug. 18 (Korea Bizwire) — An independent corporate compliance oversight committee of Samsung Group recommended Friday the country’s biggest conglomerate rejoin a business interest group that it withdrew from years ago amid a high-profile corruption scandal involving its de facto leader Lee Jae-yong and the ousted former President Park Geun-hye. The committee, however, said [...]