SEOUL, Dec. 4 (Korea Bizwire) — The military will introduce a Samsung smartphone-based combat information device on a trial basis next year that will enable troops to view real-time battle information without relying on communications networks. The Defense Acquisition Program Administration said it has signed a contract with LIG Nex1 Co. to buy the individual [...]
SEOUL, Nov. 2 (Korea Bizwire) — Lee Jae-yong, vice chairman of global tech giant Samsung Electronics Co., is expected to emerge as South Korea’s richest stockholder following his father’s death, a market tracker said Monday. Lee Kun-hee, Samsung Electronics chairman and chief of South Korea’s top conglomerate Samsung Group, died on Oct. 25 at age [...]
SEOUL, Oct. 29 (Korea Bizwire) — Samsung Electronics Co.’s Galaxy S20 Plus was the world’s best-selling 5G smartphone model by revenue in the first half of the year, a report showed Thursday, although its dominance is likely to end in the second half with the release of Apple Inc.’s iPhone 12. The Galaxy S20 Plus, [...]
SEOUL, Oct. 29 (Korea Bizwire) — Samsung Electronics Co. said Thursday its experimental research group has signed a partnership with a local IT service firm on artificial intelligence (AI) technologies as the South Korean tech giant tries to expand its presence in human-like algorithm solutions. Samsung Technology and Advanced Research Labs, better known as STAR [...]
SEOUL, Oct. 28 (Korea Bizwire) — Samsung Group, South Korea’s top conglomerate, has ushered in a new leadership following the passing of its longtime chief Lee Kun-hee, but daunting tasks lie ahead for the tech titan, from a possible governance structure change to fierce challenges from its foreign rivals. Lee, one of most influential businessmen [...]
SEOUL, Oct. 28 (Korea Bizwire) — Samsung Group chief Lee Kun-hee, one of most influential businessmen in South Korea’s post-war era, was laid to rest in a funeral Wednesday as his family, friends and associates mourned his death. Lee, who built the country’s largest conglomerate, died Sunday at age 78, more than six years after [...]
SEOUL, Oct. 27 (Korea Bizwire) — Speculation is growing over when Samsung Electronics Vice Chairman Lee Jae-yong would take the position of chairman in South Korea’s largest conglomerate following his father’s death, industry insiders said Tuesday, though the heir has already been recognized as the tech giant’s de facto leader. His father and a longtime [...]
SEOUL, Oct. 26 (Korea Bizwire) — Shares in Samsung Group’s key affiliates closed higher Monday on expectations that they may increase dividend payouts to help the late Samsung chief’s scions secure funds to pay record high inheritance taxes and they may overhaul their governance structures. Samsung Group chief Lee Kun-hee died Sunday at age 78, [...]
SEOUL, Oct. 26 (Korea Bizwire) — Key business and political leaders on Monday visited a funeral parlor to offer their condolences to the family of late Samsung Group chief Lee Kun-hee, mourning the death of South Korea’s most influential business tycoon. Lee died Sunday at age 78, more than six years after being hospitalized for [...]
SEOUL, Oct. 26 (Korea Bizwire) — Samsung Group chief Lee Kun-hee, who passed away Sunday, was South Korea’s leading economic catalyst who succeeded in understanding the crisis faced by the country and an inspiration whose message changed not only Samsung, but also the economic and social structure of the country. Here are some of his [...]