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Former Samsung Executives Face Arrest Warrants Over Alleged Tech Transfer to Chinese Company

SEOUL, Dec. 14 (Korea Bizwire) – Prosecutors have formally requested arrest warrants for two former Samsung Electronics executives, alleging their involvement in transferring domestic semiconductor technology to a Chinese company. On Wednesday, the Information Technology Crime Investigation Division of the Seoul Central District Prosecutors’ Office filed an arrest warrant for a former Samsung Electronics executive, identified [...]

Samsung Electronics Establishes New Business Development Group to Drive Future Innovation

SEOUL, Dec. 12 (Korea Bizwire) – In a strategic move to bolster its efforts to uncover groundbreaking technology and business opportunities, Samsung Electronics recently announced a significant organizational restructure, including the establishment of a new Business Development Group within its Digital Experience (DX) division. The newly formed Business Development Group will serve as a central hub [...]

Samsung Electronics and SK Hynix Adapt Hiring Strategies Amidst Industry Talent Crunch

SEOUL, Dec. 11 (Korea Bizwire) – Fierce talent competition has prompted Samsung Electronics and SK Hynix to ease hiring criteria in the semiconductor industry. In response to a critical shortage of skilled labor in the semiconductor industry, both Samsung Electronics and SK Hynix have adopted a strategic approach to attract talent. Notably, SK Hynix has recently [...]

Samsung Targets Generation Z With Stylish Galaxy S23 FE

SEOUL, Dec. 8 (Korea Bizwire) – In a highly anticipated move, Samsung is gearing up to launch its latest semi-premium smartphone, the Galaxy S23 FE, in the domestic market, heightening consumer expectations a day before its official release. According to industry reports, Samsung is set to release the Galaxy S23 FE in South Korea on December [...]

Evolution of Kimchi Refrigerators: From Fresh Kimchi Storage to Multi-Purpose Culinary Hub

SEOUL, Dec. 4 (Korea Bizwire) – In a culinary landscape where innovation knows no bounds, the humble kimchi refrigerator has transcended its origins as a specialized storage unit for fermented cabbage to become a versatile, multi-functional appliance capable of accommodating a variety of ingredients. Embracing this trend, the home appliance makers are introducing a series of [...]

Samsung’s Harman Acquires Music Streaming Platform Roon

SEOUL, Nov. 28 (Korea Bizwire) — Samsung Electronics Co. said Tuesday its automotive and audio electronics subsidiary Harman International has acquired the U.S. music streaming platform Roon in a bid to expand its presence in the digital audio sector. The New York-based Roon is a comprehensive music management and listening solution catering to music enthusiasts, [...]

Samsung Electronics Sets Up Unit Tasked with Planning ‘Future Business’

SEOUL, Nov. 27 (Korea Bizwire) — Samsung Electronics Co., the world’s largest maker of memory chips and smartphones, said Monday it has established a unit tasked with planning “future business,” as part of the electronics giant’s annual reshuffle of its top-level executives. The unit will be led by longtime Samsung executive Jun Young-hyun, currently vice [...]

Samsung Electronics Promotes Busan’s Bid to Host 2030 World Expo

SEOUL, Nov. 24 (Korea Bizwire) — South Korea’s tech giant Samsung Electronics Co. has been promoting Busan’s bid to host the 2030 World Expo with displays in major European cities, company officials said Friday. Samsung recently installed new billboards advertising the southeastern port city’s attractions and displaying a message of support for Busan’s expo bid [...]

Hyundai, Kia Top Samsung Electronics in Charitable Donations Thanks to Record-Breaking Financial Results

SEOUL, Nov. 23 (Korea Bizwire) – Thanks to record-breaking earnings, Hyundai Motor and Kia Corp. have surpassed Samsung Electronics in charitable donations so far this year, marking a historic first. According to CEO Score, which monitors corporate management activities, a total of 264 out of the country’s top 500 firms by sales collectively donated 1.4 trillion [...]

LG and Samsung Battle in Year-End Sales Frenzy: Exclusive Discounts and Special Editions Spark a Home Appliance Showdown

SEOUL, Nov. 21 (Korea Bizwire) – Last Saturday, LG Electronics experienced a rapid sell-out of 300 limited edition Standby Me Go units within just nine minutes of their release on the company’s online brand shop. This exclusive release was in celebration of the LG Twins baseball club’s Korean Series victory, led by LG Chairman Koo Kwang-mo, [...]