SEOUL, July 4 (Korea Bizwire) — Samsung Electronics will significantly reduce performance bonuses for its semiconductor division in the first half of 2025, reflecting continued weakness in its foundry and NAND flash businesses. According to an internal announcement made on July 4, employees in the Device Solutions (DS) division — responsible for the company’s semiconductor [...]
SEOUL, June 18 (Korea Bizwire) — Samsung Heavy Industries Co. said Wednesday it has terminated ship equipment contracts worth 4.85 trillion won (US$3.54 billion) with Zvezda Shipbuilding Complex and plans to seek damages over what it called the Russian shipyard’s unilateral breach of contract. The contracts, signed in 2020 and 2021, covered the supply of [...]
SEOUL, June 17 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it has appointed RM, leader of K-pop sensation BTS, as the official ambassador for its Samsung Art TV. As part of the collaboration, Samsung Electronics will release “RM’s Art Commentary” on the Samsung Art Store, where RM shares his personal perspectives on a selection [...]
SEOUL, June 13 (Korea Bizwire) — In commemoration of World Oceans Day, Samsung Electronics unveiled its original documentary Coral in Focus at the 3rd United Nations Ocean Conference (UNOC), held on June 11 in Nice, France. The screening highlighted the company’s commitment to marine conservation through technology-driven environmental initiatives. UNOC, convened every three years, is the [...]
SEOUL, June 13 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. are scrambling to assess the impact of Washington’s decision to add home appliances to a list of derivatives subject to a 50 percent steel tariff, according to industry sources Friday. The U.S. commerce department has published a notice on the Federal Register, [...]
SEOUL, June 13 (Korea Bizwire) — A Seoul court has ruled in favor of Samsung Electronics in a high-profile lawsuit filed by over 1,800 Galaxy smartphone users, who claimed the company misled them by pre-installing software that throttled device performance without adequate disclosure. In a ruling delivered Wednesday, the Seoul Central District Court dismissed the [...]
SEOUL, June 9 (Korea Bizwire) — As cybersecurity concerns mount across South Korea, Samsung Electronics is stepping up its smartphone security, unveiling a series of anti-theft upgrades through its latest AI-integrated platform, One UI 7. According to industry sources on June 8, the tech giant has introduced advanced identity verification and theft-prevention features in its newest [...]
SEOUL, June 8 (Korea Bizwire) — Samsung Electronics announced on June 8 the global launch of its new “Samsung Color E-Paper,” a next-generation digital signage solution that displays images without drawing power while maintaining the screen. The 32-inch display, designed for commercial use, features QHD resolution (2,560 x 1,440) with a 16:9 aspect ratio. Utilizing [...]
SEOUL, June 6 (Korea Bizwire) — Samsung Electronics reported on Thursday that usage of its AI-powered “Photo Assist” feature has more than doubled compared to last year, driven largely by the growing popularity of social media content creation among users in their teens and 30s. The data, drawn from Galaxy devices over the past three [...]
HBM boom propels SK hynix to global leadership in shifting memory landscape SEOUL, June 5 (Korea Bizwire) — In a historic reshuffling of the global memory chip hierarchy, SK hynix has edged past long-dominant rival Samsung Electronics in dynamic random access memory (DRAM) market share — the first such shift since Samsung took the top [...]