SEOUL, Aug. 20 (Korea Bizwire) — China accounted for more than 30 percent of Samsung Electronics Co.’s overall sales over the January-June period, industry data showed Monday, emerging as the company’s largest market and outpacing the American continents for the first time. The South Korean tech giant, which posted sales of 83.9 trillion won (US$74.6 [...]
SEOUL, Aug. 13 (Korea Bizwire) — Samsung Electronics Co. said Monday its upcoming artificial-intelligence speaker, the Galaxy Home, will come with high-end sound quality that sets it apart from rivals in the market. The South Korean tech giant, which provided hints about its first AI speaker during the showcase of the Galaxy Note 9, said [...]
SEOUL, Aug. 10 (Korea Bizwire) — Samsung Electronics Co. unveiled Friday the Galaxy Note 9 phablet, which is equipped with a new stylus and the best battery and storage among all of its premium devices. The new product could help breathe new life into the company’s IT and mobile division. The company held a showcase [...]
SEOUL, Aug. 9 (Korea Bizwire) — Lee Jae-yong, Vice Chairman of Samsung Electronics, attended only two public functions in the six months following his release from prison when his sentence was suspended on appeal in February. Lee’s reason for keeping a low profile is said to be due to his urge to focus on discovering [...]
SEOUL, Jul. 31 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it will donate 50 billion won (US$44.7 million) to an industrial foundation to help small firms set up smart-factory infrastructure in their production centers. The South Korean tech giant said through a regulatory filing that its board has decided to provide 10 billion won [...]
SEOUL, Jul. 27 (Korea Bizwire) — Samsung Electronics Co. on Friday showcased teaser videos for the upcoming Galaxy Note 9 smartphone, highlighting improved performances in terms of battery, storage capacity, and speed. Under the title “A lot can change in a day,” Samsung advertised the showcase event slated for Aug. 9 through three different video [...]
SEOUL, Jul. 26 (Korea Bizwire) — The financial regulator on Thursday ordered Samsung Securities Co. to suspend part of its operations for six months as punishment for the brokerage’s “fat-finger” error that sparked a massive public uproar. Samsung Securities will be banned from offering its services to new investors for six months from Friday, the [...]
SEOUL, Jul. 13 (Korea Bizwire) — U.S. activist fund Elliott Associates has filed an investor-state dispute (ISD) suit against the South Korean government seeking compensation for its losses from a 2015 merger of two Samsung units, Seoul’s justice ministry said Friday. The notice of arbitration lodged by the American firm comes three months after Elliot [...]
SEOUL, Jul. 10 (Korea Bizwire) — South Korean President Moon Jae-in, during a state visit to India, surprised reporters yesterday by taking the subway with Indian Prime Minister Narendra Modi on their journey to inaugurate the world’s largest mobile phone manufacturing facility, which was developed by Samsung Electronics in Noida, India. Earlier in the day, [...]
SEOUL, Jul. 5 (Korea Bizwire) — Members of Banollim, a civic group that advocates for the welfare of semiconductor factory workers, held a demonstration outside the Samsung Electronics head office in Seoul to commemorate the 1,000th day of protest following the death of a Samsung employee. Banollim is composed of individuals whose family members died [...]