SEOUL, Jan. 28 (Korea Bizwire) — Samsung Electronics Vice Chairman Lee Jae-yong is on a tour to Brazil to check the South Korean tech giant’s business plans for the Latin American market, the company said Tuesday. Lee, the de facto leader of Samsung Group, visited Samsung Electronics’ manufacturing plant in Manaus, Amazonas, in northern Brazil [...]
SEOUL, Jan. 27 (Korea Bizwire) — Ending a legal fight that lasted over five years, South Korea’s top court said Monday it has reaffirmed a lower court’s ruling accepting a divorce claim filed by Lee Boo-jin, the eldest daughter of the family that owns Samsung. The Supreme Court upheld the lower court’s decision that ordered [...]
SEOUL, Jan. 21 (Korea Bizwire) — South Korea’s two tech giants — Samsung Electronics Co. and LG Electronics Inc. — said Tuesday they will unveil their new home appliance products at a U.S. trade show for the kitchen and bath market, highlighting their built-in design and artificial intelligence (AI) solutions. Samsung and LG are among [...]
SEOUL, Jan. 16 (Korea Bizwire) — South Korean home appliance makers are already gearing up for the summer season as they introduced their latest lineup of air conditioners to attract consumers here. Samsung Electronics Co. and LG Electronics Inc. launched the 2020 versions of their air conditioners this week, emphasizing upgraded artificial intelligence (AI) and [...]
SEOUL, Jan. 15 (Korea Bizwire) — After a brief pause, Samsung Electronics Co. and LG Electronics Inc. are set to intensify their tech battle in TVs with their latest and cutting-edge technologies, industry insiders said Wednesday. Samsung and LG were the two main players anchoring South Korea at the Consumer Electronics Show (CES) 2020, which [...]
SEOUL, Dec. 31 (Korea Bizwire) — Lee Kun-hee, chief of South Korea’s top conglomerate Samsung Group, saw his stock value jump 30 percent this year to maintain his status as the richest shareholder in the country on the back of the robust performance of the group’s mainstay unit, Samsung Electronics Co., industry data showed Tuesday. [...]
SEOUL, Dec. 19 (Korea Bizwire) — South Korea’s top conglomerate Samsung Group, known to stick with ‘no-union’ policy, has hinted at changing its unfriendly stance towards labor unions after key company executives were found guilty of union busting, industry observers said Thursday. A day after Samsung Electronics Co. board chairman Lee Sang-hoon was sentenced to [...]
SEOUL, Dec. 17 (Korea Bizwire) — A Seoul court handed down jail terms to key Samsung executives on Tuesday and detained them for sabotaging labor union activities at the top conglomerate’s customer service unit. The Seoul Central District Court sentenced Lee Sang-hoon, Samsung Electronics Co.’s chairman of board, to 18 months in prison for breaching [...]
WASHINGTON, Dec. 2 (Korea Bizwire) — U.S. Secretary of State Mike Pompeo said Monday that Samsung is a “legitimate” substitute to Chinese companies in building 5G networks across the European Union. Pompeo made the case in an op-ed in Politico Europe ahead of an EU communications ministers meeting in Brussels on Tuesday. He argued that [...]
SEOUL, Nov. 19 (Korea Bizwire) — Samsung Electronics Co.’s operating earnings are expected to rebound in the first quarter of 2020 compared with a year ago on a recovery in chip demand and low base effect, analysts said Tuesday. Samsung’s operating profit was estimated at 6.6 trillion won (US$5.6 billion) in the first three months [...]