SEOUL, Aug. 24 (Korea Bizwire) — Samsung Group, the country’s top conglomerate, said Tuesday that its mainstay Samsung Electronics Co. and other affiliates plan to invest a combined 240 trillion won (US$205 billion) over the next three years in a move to secure future growth engines and expand technology leadership in the post COVID-19 era. [...]
SEOUL, Aug. 12 (Korea Bizwire) — Samsung Electronics Co’s foldable smartphone shipments are expected to be around 7 million units this year, about three times more compared to a year earlier, analysts here said Thursday, as its new models come with cheaper price tags even with upgraded features. Samsung unveiled the Galaxy Z Fold3 and [...]
SEOUL, July 21 (Korea Bizwire) — Two national museums simultaneously kicked off exhibitions highlighting works from late Samsung Chairman Lee Kun-hee’s massive art collection Wednesday, allowing the public to take a peek at Korean masterpieces of various eras and formats. “A Great Cultural Legacy: Masterpieces from the Bequest of the Late Samsung Chairman Lee Kun-hee” [...]
SEOUL, July 8 (Korea Bizwire) — Samsung Electronics Co. on Wednesday unveiled BESPOKE Atelier, an exclusive app for the company’s family hub refrigerators that is designed to allow users to enjoy artworks through the refrigerator’s screen. The service enables owners of Samsung Family Hub refrigerators to enjoy 182 different works of art ranging from celebrated [...]
SEOUL, July 7 (Korea Bizwire) — South Korea on Wednesday unveiled a plan to build a museum dedicated to artworks donated by late Samsung Chairman Lee Kun-hee in the country’s capital after months of deliberation on its location. Under the plan announced during a news conference here, Culture Minister Hwang Hee said the government will [...]
SEOUL, June 30 (Korea Bizwire) – Samsung Electronics Co. further expanded its dominance in the domestic smartphone market in the first quarter of the year on the back of robust sales of the Galaxy S and A series, a report showed Wednesday. Samsung had a share of 67 percent in the South Korean smartphone market [...]
SEOUL, June 24 (Korea Bizwire) — South Korea’s antitrust regulator said Thursday it has decided to fine five affiliates of Samsung Group a combined 234.9 billion won (US$206 million) for their alleged unfair business practice over an in-house cafeteria business. The Korea Fair Trade Commission (KFTC) also said it will file complaints with the prosecution [...]
SEOUL, May 12 (Korea Bizwire) — Samsung Electronics Co. and LG Group decided Wednesday to offer paid leave to workers who receive a COVID-19 vaccine shot following health authorities’ recommendation. Samsung’s decision came one day after its labor union requested paid time off for COVID-19 vaccinations. Employees who take a day off to get vaccinated [...]
SEOUL, May 10 (Korea Bizwire) — South Korean cities from Suwon to Busan are lining up to host a possible new museum for late Samsung Chairman Lee Kun-hee’s vast art collection, with many claiming to be the ideal spot because of their special ties to the Lee family. Samsung and the culture ministry announced April [...]
SEOUL, May 7 (Korea Bizwire) – A number of symbolic artworks by contemporary Korean masters are among the more than 1,000 pieces that the Samsung family recently decided to donate to the National Museum of Modern and Contemporary Art (MMCA). Last week, heirs of the country’s biggest conglomerate Samsung pledged to donate part of late [...]