SEOUL, Aug. 6 (Korea Bizwire) — South Korea’s leading display makers on Wednesday unveiled strategies to overcome the industry’s so-called chasm, or temporary demand plateau, by utilizing cutting-edge organic light-emitting diode (OLED) products and artificial intelligence (AI) technologies. LG Display Co. and Samsung Display Co. shared their visions during the 2025 Display Business Forum held [...]
SEOUL, Aug. 4 (Korea Bizwire) – Samsung Electronics Co. has launched a new companywide task force focused on artificial intelligence (AI) projects, part of a broader push to transform itself into an AI-focused company, according to industry sources Monday. According to the sources, the tech giant’s Device eXperience (DX) division has announced the establishment of [...]
SEOUL, July 31 (Korea Bizwire) — South Korea’s tech giants Samsung Electronics and LG Electronics swept top honors at the 2025 Ergonomic Design Awards, hosted by the Ergonomics Society of Korea, with a series of smart home appliances praised for their user-centric design, usability, and innovation. Samsung’s Bespoke AI Dishwasher was named Best of the [...]
SEOUL, July 29 (Korea Bizwire) — Samsung Electronics Co. Chairman Lee Jae-yong on Tuesday departed for the United States, raising speculation that he may support ongoing trade talks between Seoul and Washington ahead of a key negotiation deadline this week. Lee arrived at Seoul Gimpo Business Aviation Center in western Seoul around 3:50 p.m. and [...]
SEOUL, July 17 (Korea Bizwire) – The Supreme Court on Thursday finalized the acquittal of Samsung Electronics Co. Chairman Lee Jae-yong in a controversial merger case dating back to 2015. The verdict came four years and 10 months after Lee was indicted on charges of unfair trading, stock price manipulation and accounting fraud in the [...]
SEOUL, July 17 (Korea Bizwire) — On the eve of a pivotal Supreme Court ruling concerning Chairman Lee Jae-yong, Samsung is maintaining a strict silence, underscoring the high stakes of a case that has shadowed the group for nearly a decade. South Korea’s Supreme Court is set to deliver its final verdict on Thursday on [...]
SEOUL, July 14 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. plan to participate in an international motor show in Munich in September as part of their ongoing push into the automotive components business, industry sources said Monday. At IAA Mobility 2025, slated for Sept. 9-14 in Munich, Germany, Samsung Electronics’ semiconductor division [...]
SEOUL, July 8 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it has acquired U.S.-based digital health technology company Xealth in a bid to expand its health care information technology (IT) ecosystem. The acquisition agreement was signed on the previous day, and the acquisition process is expected to be completed by the end of [...]
SEOUL, July 4 (Korea Bizwire) — Samsung Electronics will significantly reduce performance bonuses for its semiconductor division in the first half of 2025, reflecting continued weakness in its foundry and NAND flash businesses. According to an internal announcement made on July 4, employees in the Device Solutions (DS) division — responsible for the company’s semiconductor [...]
SEOUL, June 18 (Korea Bizwire) — Samsung Heavy Industries Co. said Wednesday it has terminated ship equipment contracts worth 4.85 trillion won (US$3.54 billion) with Zvezda Shipbuilding Complex and plans to seek damages over what it called the Russian shipyard’s unilateral breach of contract. The contracts, signed in 2020 and 2021, covered the supply of [...]