SEOUL, May 19 (Korea Bizwire) — Samsung Electronics Co.’s share of the global TV market hit an all-time high in the first quarter amid an overall market fall due to the coronavirus pandemic, a market tracker said Tuesday. The South Korean tech kingpin accounted for 32.4 percent of the world TV market in terms of [...]
SEOUL, May 19 (Korea Bizwire) — Samsung Electronics Co.’s mobile business may benefit from the recent U.S. ban on Chinese tech giant Huawei Technologies Co., analysts here said Tuesday, amid its efforts to recover from the fallout from the novel coronavirus pandemic. The United States recently announced that it will block foreign chipmakers using American [...]
SEOUL, May 18 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong on Monday visited the company’s chip factory in China to assess its business plans to overcome the virus crisis amid the reopening of the world’s No. 2 economy. Lee, the de facto leader of South Korea’s top conglomerate, inspected Samsung Electronics’ chip plant [...]
SEOUL, May 14 (Korea Bizwire) — South Korea’s home appliance makers are entering a heated battle over refrigerators with water dispensers after they recently released products highlighting advanced sterilization systems and smart control solutions. LG Electronics Inc., Samsung Electronics Co. and Winia Dimchae Co. are all vying for the top position in the segment. LG [...]
SEOUL, May 13 (Korea Bizwire) — An appellate court on Wednesday upheld a lower court’s ruling in favor of Samsung Electronics Co.’s bid to ban the government from disclosing sensitive work environment-related information. The Suwon High Court in Suwon, south of Seoul, said Samsung’s work environment measurement report, which lists toxic materials to which company [...]
SEOUL, May 13 (Korea Bizwire) — The heirs apparent of South Korea’s top two family-run conglomerates had a rare meeting Wednesday to discuss possible cooperation in the electric vehicle (EV) business. Samsung Group Vice Chairman Lee Jae-yong exchanged views on Samsung’s development of new all-solid-state battery technology and its future with Hyundai Motor Group Executive [...]
SEOUL, May 11 (Korea Bizwire) — Samsung Group Chairman Lee Kun-hee has been hospitalized for the past six years, with no signs of recovery so far. Meanwhile, Samsung Electronics Vice Chairman Lee Jae-yong, the eldest son of bedridden chief and the heir to South Korea’s top conglomerate, made a rare public apology Wednesday over controversies [...]
SEOUL, May 6 (Korea Bizwire) — Lee Jae-yong, the heir of South Korea’s top conglomerate Samsung Group, made a rare public apology Wednesday over controversies related to his succession and vowed to scrap the group’s “no labor union” policy. Lee, the eldest son of bedridden Samsung Group chief Lee Kun-hee, also said he will not hand [...]
SEOUL, April 29 (Korea Bizwire) — Small and medium-sized businesses that overcame the coronavirus crisis with help from Samsung Electronics Co. are now making donations to fight the global pandemic. Businesses participating in the smart factory project led by the Ministry of SMEs and Startups, Korea Federation of SMEs, and Samsung are stepping forward to [...]
SEOUL, April 23 (Korea Bizwire) — Police said Thursday they have closed a preliminary probe into allegations that a daughter of the Samsung chairman took propofol shots illegally, citing lack of evidence. For the past year, the police had probed the allegations surrounding Lee Boo-jin, the eldest daughter of Samsung Chairman Lee Kun-hee, after a [...]