SEOUL, May 1 (Korea Bizwire) – Samsung Electronics, an official partner of the International Olympic Committee (IOC), has unveiled the “Samsung Olympic Experience Center” in Paris, France, in anticipation of the 2024 Summer Olympics. On April 29, Samsung held an opening ceremony for the center at 125 Champs-Élysées in Paris. The event was attended by Roh Tae-moon, [...]
SEOUL, Apr. 25 (Korea Bizwire) – Samsung Electronics, the world’s leading smartphone maker, has relaunched its Galaxy C series of smartphones tailored for the Chinese market after a seven-year hiatus, in a bid to reclaim market share from domestic rivals. According to the market research firm Counterpoint Research, Samsung is estimated to have recorded a market [...]
SEOUL, Apr. 24 (Korea Bizwire) — Four major conglomerates saw their combined operating profit plunge 65 percent last year, hit by sluggish sales amid an economic slowdown, a report showed Wednesday. Some 306 affiliates of four conglomerates — Samsung, SK, Hyundai Motor and LG — posted a combined operating profit of 24.51 trillion won (US$17.9 [...]
SEOUL, April 17 (Korea Bizwire) – The practice of having executives work six days a week, previously limited to some divisions at Samsung Electronics, is now spreading to other Samsung affiliates, according to industry sources. At Samsung Electronics, executives in certain departments like development and support have been working a six-day week. Now, electronic affiliates such [...]
MILAN, Apr. 16 (Korea Bizwire) – The crucial moment when a product captivates a consumer’s heart lasts an average of 0.6 seconds, and if a company fails to seize that fleeting opportunity, it cannot emerge victorious. This realization prompted Lee Kun-hee, the former chairman of Samsung, to gather his top executives in Milan, the global capital [...]
SEOUL, Apr. 17 (Korea Bizwire) – Samsung Electronics announced on April 16 that its flagship Galaxy S24 smartphone series incorporates an amount of recycled plastic equivalent to approximately 50 million 500-milliliter plastic water bottles. In a post from its official newsroom, the company estimated that the recycled plastic used in the Galaxy S24 series this year [...]
MILAN, Apr. 15 (Korea Bizwire) — Samsung Electronics will participate in the EuroCucina 2024 trade show, part of Milan Design Week, which is taking place from April 16 to 21. The company plans to unveil its design philosophy and cutting-edge home appliances. Milan Design Week is a global design and furniture fair, attracting more than 2,300 [...]
SEOUL, Apr. 16 (Korea Bizwire) — Samsung Electronics Co. is set to accelerate the expansion of its global semiconductor supply chain in the era of artificial intelligence (AI), following a subsidy of US$6.4 billion from the U.S. government and its extended investment plan. Under the Biden Administration’s announcement, the South Korean chipmaker was to receive [...]
SEOUL, Apr. 16 (Korea Bizwire) — SK Group, South Korea’s chip-to-battery conglomerate, emerged as the second-most-valuable conglomerate after Samsung Group in the Korean stock markets at the end of March, a corporate data firm said Tuesday. SK Group’s emergence was helped by a sharp increase in the value of its chip-making affiliate, SK hynix Inc., [...]
SEOUL, Apr. 10 (Korea Bizwire) — The antitrust regulator said Wednesday it has decided to order Samsung Electronics Co. to take corrective steps for interfering with the business operations of its authorized retail stores. The tech giant allegedly had demanded that its agencies provide it with their retail price information from January 2017 through September [...]