SEOUL, Feb. 5 (Korea Bizwire) – Samsung Electronics Co. Chairman Lee Jae-yong on Monday was acquitted of any wrongdoing in a controversial 2015 merger case, a decision expected to strengthen his leadership to overcome mounting challenges and accelerate decision-making within South Korea’s largest conglomerate. Earlier in the day, a Seoul court cleared Lee of charges [...]
SEOUL, Feb. 2 (Korea Bizwire) – Samsung Electronics’ latest AI-enabled smartphone, the Galaxy S24 series, has been found to have the lowest actual purchase price in South Korea compared to other countries worldwide. According to industry insiders, the actual purchase price of the Galaxy S24 Ultra 256GB, sold through Samsung.com at a listed price of 1.69 [...]
SEOUL, Feb. 1 (Korea Bizwire) – A unified labor union encompassing four Samsung affiliates is poised for its official launch, signaling a significant development in the conglomerate’s labor relations. The integrated union held its first general assembly on January 31, marking an internal launch with the revision of regulations. The participating unions include employees from Samsung [...]
SEOUL, Jan. 31 (Korea Bizwire) — Samsung Electronics Co. said Wednesday its fourth-quarter operating profit sank 34.4 percent from a year earlier due largely to sluggish semiconductor business but its memory chip segment turned to the black on recovering demand. The world’s largest mobile phone and memory chip maker’s operating profit amounted to 2.82 trillion [...]
SEOUL, Jan. 22 (Korea Bizwire) — Samsung Electronics recently showcased the world’s first transparent micro light-emitting diode (LED) at CES 2024, the world’s largest consumer electronics and IT exhibition, drawing significant attention to the potential mass adoption of micro LED technology. However, the high cost of micro LED TVs, previously exceeding 100 million won per unit, [...]
SEOUL, Jan. 18 (Korea Bizwire) — Samsung Electronics Co. on Thursday unveiled its latest Galaxy S series smartphones, featuring real-time translation for phone calls and improved camera performance powered by on-device artificial intelligence (AI). Samsung Electronics’ flagship phone lineup came in three models — the Galaxy S24, Galaxy S24 Plus and Galaxy S24 Ultra — [...]
LAS VEGAS, Jan. 8 (Korea Bizwire) — Samsung Electronics Co. said Monday it will focus on utilizing on-device artificial intelligence (AI) as a key driver to sustain its leadership position in the highly competitive smartphone and consumer electronics markets. In a press conference on the eve of the official opening of this year’s annual CES [...]
LAS VEGAS, Jan. 6 (Korea Bizwire) – Samsung Display Co., a screen-making affiliate of Samsung Electronics Co., on Saturday unveiled a lineup of various foldable displays tailored for mobile and other applications ahead of the opening of CES 2024. The company said it will hold an exhibition under the theme “All-in Innovative Tech: Paving the [...]
SEOUL, Jan. 3 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it will unveil new Galaxy S series smartphones later this month, with a focus on artificial intelligence. The world’s largest smartphone maker said it will hold a Galaxy Unpacked event in San Jose, California, on Jan. 17 (local time), with the theme “Galaxy Unpacked [...]
SEOUL, Dec. 27 (Korea Bizwire) — The chief of global tech titan Samsung Electronics Co. has remained South Korea’s richest stockholder as the value of shares held by the country’s wealthiest 100 swelled nearly 20 percent over the past year, a corporate tracker said Wednesday. Samsung Electronics Executive Chairman Lee Jae-yong held stocks worth 14.7 [...]