SEOUL, Jul. 5 (Korea Bizwire) — A local court banned a former worker of Samsung Display Co. from relocating to a Chinese firm on Thursday, claiming the restriction is needed to protect sensitive technologies. The Suwon District Court upheld the request made by Samsung Display to ban a former researcher from getting a new position [...]
SEOUL, Jul. 3 (Korea Bizwire) — South Korea’s government is facing another investor-state dispute (ISD) lawsuit from a U.S. fund over a controversial merger of two Samsung Group companies in 2015. The Ministry of Justice said in a release on Tuesday that it has received a notice of intent from Mason Capital Management, seeking US$175 [...]
SEOUL, Jun. 28 (Korea Bizwire) — Samsung Electronics Co. said Thursday it has reached an agreement with Apple Inc. to settle the latest legal dispute surrounding alleged smartphone design infringement “We cannot provide any details other than that we reached an agreement with Apple,” a source from Samsung Electronics said. Samsung refrained from disclosing other [...]
SEOUL, Jun. 20 (Korea Bizwire) — Samsung Electronics Co., which released its Galaxy S9 smartphone earlier this year, is carrying out various marketing programs around the globe to bolster weaker-than-expected sales of its flagship device, industry watchers said Wednesday. The South Korean tech giant joined forces with Ya Ge, a popular restaurant in Taiwan, showcasing [...]
SEOUL, Jun. 15 (Korea Bizwire) — Samsung Electronics revealed yesterday that it will be installing solar power generators at all of its business facilities in the U.S., Europe and China. In Korea, some but not all facilities will be equipped with solar power generating systems. To kick off the initiative, Samsung will install solar panels [...]
SEOUL, Jun. 14 (Korea Bizwire) — Samsung Electronics Co. launched a new fund through its U.S.-based innovation strategy arm Samsung NEXT on Thursday, seeking to make investments in startups devoted to artificial intelligence (AI) technologies. Samsung NEXT said it has launched the NEXT Q Fund to invest in “early stage AI startups taking on grand [...]
SEOUL, Jun. 4 (Korea Bizwire) — South Korea’s No. 1 business group Samsung is focusing on global expansion amid a series of challenges at home, including allegations of accounting fraud in its bio unit and the fallout of a dividend error at its securities affiliate, industry watchers said Monday. The conglomerate decided not to hold [...]
SEOUL, May 31 (Korea Bizwire) — With the sale by Samsung Life Insurance and Samsung Fire & Marine Insurance of a combined 27 million shares of Samsung Electronics yesterday, analysts are wondering if Samsung is succumbing to government pressure and seeking reforms to its corporate governance. Such an interpretation stems from the fact that the [...]
SEOUL, May 30 (Korea Bizwire) — Samsung Electronics will allow its employees to have more freedom to choose when they work. Starting in July, employees will be allowed to make use of a flexible work plan, while those who take frequent business trips will be recognized for their external work hours. Samsung says that such [...]
SEOUL, May 29 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it has released a new induction cooktop that connects to the tech giant’s Internet of Things (IoT) hub, providing users with safer and more convenient cooking experiences. The South Korean tech giant said the new induction cooktop connects to SmartThings, which is Samsung’s home [...]