SEOUL, May 4 (Korea Bizwire) — Samsung Electronics Co. is teaming up with cosmetics giant Amorepacific Group to release a special package of wireless earbuds on Wednesday. This package consists of a pair of Galaxy Buds Pro Phantom Violet, and Amorepacific’s popular LANEIGE Neo Cushion foundation. The cushion design was inspired by the color and [...]
SEOUL, April 30 (Korea Bizwire) — Family of the late Samsung Chairman Lee Kun-hee will be borrowing an unprecedented amount from banks to pay for a certain portion of their inheritance tax of 12 trillion won (US$10.8 billion). For the public, this seems rather unfair, since current restrictions imposed by financial authorities allow banks to [...]
SEOUL, April 29 (Korea Bizwire) — Smartphone producers such as Samsung Electronics Co. and Apple Inc. are focusing on building augmented reality (AR) ecosystems by increasing the variety of AR services they have on offer. Samsung recently introduced a beta version of AR Canvas, while Apple added an AR Space function to its video-making Clips [...]
SEOUL, April 28 (Korea Bizwire) – The vast art collection that heirs of the country’s biggest conglomerate Samsung pledged to donate has turned out to be a treasure trove of national treasures and masterpieces by renowned artists here and abroad. Late Samsung Group chief Lee Kun-hee’s family on Wednesday announced that they would pay more than [...]
SEOUL, April 21 (Korea Bizwire) — With the deadline for Samsung scions to pay their colossal inheritance tax looming, eyes are on to what extent the move will involve late Samsung Chairman Lee Kun-hee’s art collection, believed to fetch up to 3 trillion won (US$2.7 billion). The senior Lee, who was South Korea’s richest man, [...]
SEOUL, April 3 (Korea Bizwire) — Samsung Electronics Co. is using solar power to reduce carbon emissions. The company’s four factories in Onyang, Giheung, Hwaseong and Pyeongtaek under its device solutions (DS) division have installed solar power generators in their parking lots. With the solar panels covering an area of 27,660 square meters, each division [...]
SEOUL, March 16 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it has been selected as the sole vendor to supply 5G network equipment and solutions to a Canadian telecommunications firm. Under the deal with Saskatchewan Telecommunications Holding Corp. (SaskTel), Samsung will provide the Canadian company with the 4G/5G radio unit, massive multiple input, multiple [...]
SEOUL, Feb. 5 (Korea Bizwire) — South Korea’s two largest home appliance makers — Samsung Electronics Co. and LG Electronics Inc. — are set to begin their duel in the vacuum cleaner market, industry observers said Friday, as they released new products boasting upgraded charging stations. LG began to sell its new CodeZero ThinQ A9S [...]
SEOUL, Feb. 4 (Korea Bizwire) – The Supreme Court on Thursday upheld the guilty convictions of dozens of former and current Samsung executives accused of sabotaging labor union activities at a subsidiary company in 2013. The court confirmed a 16-month prison sentence for Kang Kyung-hoon, a vice president at Samsung Electronics Co., on charges of [...]
SEOUL, Dec. 8 (Korea Bizwire) — The stock value of Lee Kun-hee, the late chief of South Korea’s top conglomerate Samsung Group, soared more than 21 percent this year due largely to a surge in the share price of group flagship Samsung Electronics Co., data showed Tuesday. The value of stocks held by Lee, who [...]