SEOUL, Nov. 10 (Korea Bizwire) — Samsung Group’s market capitalization has continued to grow this year, largely led by a sharp increase in the market capitalization of its flagship company, Samsung Electronics, data showed Sunday. As of the end of October, the combined market capitalization of the group’s 16 listed subsidiaries came to about 434.8 [...]
SEOUL, Nov. 8 (Korea Bizwire) — Despite its innovative functions and design, Samsung Electronics Co.’s Galaxy Fold was ranked as the 19th-best smartphone by U.S. Consumer Reports due to its bulky design and weak internal durability. Samsung’s first foldable device scored 85 points in the smartphone reviews by the influential American consumer magazine, behind the [...]
SEOUL, Nov. 5 (Korea Bizwire) — Samsung Electronics Co., the world’s largest memory chipmaker, has stopped development work on its custom central processor unit (CPU) cores at its R&D centers in the United States, company officials said Tuesday. Samsung has notified the Texas Workforce Commission of its decision to lay off about 290 members of [...]
SEOUL, Nov. 4 (Korea Bizwire) — Samsung Electronics Co.’s forum on artificial intelligence (AI) kicked off in Seoul on Monday with world-renowned scholars and industry experts to discuss the current and future development of the new technology. About 1,700 professors, students and industry officials gathered for the third annual forum held by the South Korean [...]
SEOUL, Nov. 3 (Korea Bizwire) — Lee Kun-hee, chief of South Korea’s top conglomerate, Samsung Group, saw his stock value increase 17.9 percent as of end-October from the end of last year, due mainly to gains from the key electronics arm, data showed Sunday. Lee held stocks worth 16 trillion won (US$13.7 billion) as of [...]
SEOUL, Oct. 30 (Korea Bizwire) — South Korea’s top conglomerate Samsung Group said Wednesday it will join a massive entertainment city development project in Saudi Arabia, with its affiliates taking part in various areas from construction to electronics. Under an agreement with Qiddiya Investment Company (QIC), Samsung will collaborate with Saudi officials on the development [...]
SEOUL, Oct. 24 (Korea Bizwire) — Samsung Electronics Co. said Thursday it has sent one of its Galaxy S10 5G smartphones into space inside a balloon to allow its users to take selfies with the Earth in the background. The Korean smartphone maker has launched a balloon equipped with a specially designed rig to take [...]
SEOUL, Oct. 23 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it has released a software patch to fix a bug in the ultrasound-based fingerprint scanner on Galaxy S10 and Note 10 smartphones. Samsung has faced a backlash after some users discovered that anyone’s fingerprint could unlock S10 and Note 10 series devices covered with [...]
SEOUL, Sept. 24 (Korea Bizwire) — Samsung Group is planning to announce a massive investment plan next month to upgrade its display panel production facilities in South Korea, industry sources said Tuesday, as the nation’s largest conglomerate seeks to enhance profitability in the large display business with its latest technologies. Samsung is expected to unveil [...]
SEOUL, Sept. 18 (Korea Bizwire) — The second batch of Samsung Electronics Co.’s Galaxy Fold sold out soon after pre-orders opened in South Korea Wednesday, industry officials said. After the first batch of the foldable smartphones, estimated at around 3,000 units, sold out upon its launch on Sept. 6, Samsung and the nation’s three mobile [...]