SEOUL, Feb. 27 (Korea Bizwire) — Samsung Group, South Korea’s top conglomerate, has redoubled its efforts of the past year to allow subsidiaries to operate independently following a surprise announcement of plans to overhaul the group’s management, industry watchers said Tuesday. The plans, unveiled Feb. 28, 2017, called for the abolition of its key future [...]
SEOUL, Feb. 26 (Korea Bizwire) — South Korea’s top conglomerate Samsung Group spent a record amount lobbying U.S. politicians and officials in 2017 to counter Washington’s growing protectionism and other negatives, market sources said Monday. Last year, the Trump administration stepped up its protectionist policy, and Samsung Electronics Co., the group’s crown jewel, was implicated [...]
SEOUL, Feb. 26 (Korea Bizwire) — Samsung Electronics Co. on Monday showcased the new flagship Galaxy S9 and S9 Plus smartphones, which boast improved cameras and augmented reality (AR) features. During the showcase event on the eve of the Mobile World Congress (MWC) in Barcelona, Spain, the South Korean tech giant unveiled the much-awaited 5.8-inch [...]
SEOUL, Feb. 23 (Korea Bizwire) — Samsung Electronics Co. said Friday it has chosen a former head of Bell Labs as one of its new outside directors in an apparent move to enhance transparency at the South Korean tech giant. Kim Jeong-hoon, a Korean-American tech entrepreneur who served as president of Bell Labs, will join [...]
SEOUL, Feb. 22 (Korea Bizwire) – Samsung Electronics Co. on Thursday denied media reports that the South Korean tech giant will expand into the organic light-emitting diode (OLED) TV business. The denial comes amid local reports suggesting that Samsung Electronics is on the verge of turning back to OLED TV, which is championed by numerous TV makers, including its local archrival, LG Electronics [...]
SEOUL, Feb. 22 (Korea Bizwire) — Samsung Electronics Co. will unveil its new Galaxy S9 smartphone using augmented reality (AR) technology at its launch event next week, industry sources said Thursday. Samsung is set to take the wraps off the Galaxy S9 smartphone in Barcelona at 6 p.m. Sunday on the eve of the opening [...]
SEOUL, Feb. 21 (Korea Bizwire) — Samsung Electronics Co. and its rival LG Electronics Inc. are likely to release their new smartphones in early March, setting the stage for heated competition between the two, industry sources said Wednesday. Mobile carriers are expected to receive preorders for Samsung’s Galaxy S9 smartphone starting Feb. 28, with an [...]
SEOUL, Feb. 13 (Korea Bizwire) — Major South Korean tech companies will keep their assembly lines up and running during this week’s Lunar New Year holiday due to rising demand at home and abroad, industry sources said Tuesday. Samsung Electronics, the world’s largest maker of chips said it plans to maintain normal operations at its [...]
SEOUL, Feb. 12 (Korea Bizwire) — Financial authorities have found more funds of Samsung Group’s ailing chairman, Lee Kun-hee, in bank and brokerage accounts held under other people’s names, a lawmaker said Monday, days after Lee was booked for suspected tax evasion. In a report submitted to Rep. Park Chan-dae of the ruling Democratic Party, [...]
SEOUL, Feb. 12 (Korea Bizwire) — Samsung Electronics Co.’s total assets surpassed 300 trillion won (US$275 billion) for the first time in late 2017, thanks to its solid business growth and rise in investments, industry watchers said Sunday. The world’s largest manufacturer of computer chips and smartphones reported more than 40 trillion won in net [...]