SEOUL, Oct. 4 (Korea Bizwire) — Samsung Electronics has widened its lead over competitors in the U.S. market for premium TVs, a market research report said Thursday. The report from U.S. firm NPD said Samsung held 34 percent of the U.S. TV market as of end-August, far outdoing its rival LG Electronics (15 percent) as [...]
SEOUL, Sept. 27 (Korea Bizwire) — South Korea’s chip giant Samsung Electronics Co. outpaced its U.S. archrival Apple Inc. in terms of corporate tax ratio to net income in the first half of 2018, a local think tank said Thursday. Samsung Electronics paid 28 percent of its net profit in corporate tax for the January-June [...]
SEOUL, Sept. 25 (Korea Bizwire) -- Samsung Electronics Co. is expected to post a record operating profit of 17.2 trillion won (US$15.4 billion) in the third quarter, backed by firm demand for memory chips, market sources said Tuesday. The consensus by major brokerage firms marks an 18.5 percent on-year increase in the tech behemoth’s profit [...]
SEOUL, Sept. 18 (Korea Bizwire) — Mason Capital Management, a U.S. hedge fund, has notified the South Korean government that it has filed for arbitration seeking US$200 million in compensation for losses incurred from a controversial merger between two Samsung companies, Seoul’s Ministry of Justice said Tuesday. The move is seen as a step before [...]
SEOUL, Sept. 17 (Korea Bizwire) — Lee Jae-yong, the Vice Chairman of Samsung Electronics, was one of the top corporate leaders to be included on the list of people invited to the inter-Korean summit to be held in Pyongyang. On a list released by the Blue House yesterday, the nation’s leading business leaders including Chey [...]
SEOUL, Sept. 14 (Korea Bizwire) — South Korean tech giant Samsung Electronics Co. has said it is working with U.S. Internet giant Google Inc. to offer improved messaging experiences that would allow users to have group chats and video calls and transfer large files without the need for additional apps. The collaboration will ensure that [...]
SEOUL, Sept. 4 (Korea Bizwire) — Samsung Electronics Co. has been keeping the price of the Galaxy S8 and S9 smartphones high in South Korea in contrast to discounts offered in overseas markets, data showed Tuesday. According to the data compiled by the Korea Communications Commission, the price of the 64 gigabyte edition of the [...]
SEOUL, Sept. 3 (Korea Bizwire) — With Samsung Electronics continuing efforts to become the face of Korean business, its reputation domestically, in terms of communication capacity, was ranked at the bottom among the nation’s elite corporate groups. Although Samsung has become a global enterprise, often cited as one of the world’s top 10 brands in [...]
SEOUL, Aug. 21 (Korea Bizwire) — Samsung Electronics Co. on Tuesday showcased a new garment care appliance that allows users to remove dust and odor at home, seeking to take a slice of the market from LG Electronics Inc.’s Styler, which has dominated the segment. The tech giant’s release of a clothes refresher apparently came [...]
SEOUL, Aug. 21 (Korea Bizwire) — Samsung Electronics Co. on Tuesday said it has no plans to enter the automobile business, responding to the market’s rumor that the tech giant may seek to build its own vehicles. In an announcement made to employees on Tuesday, Samsung said it has no plan to produce electric or [...]