SEOUL, Feb. 8 (Korea Bizwire) — Ailing Samsung Electronics Chairman Lee Kun-hee has been booked for suspected tax evasion by keeping about 400 billion won (US$367.8 million) in hundreds of different accounts created under borrowed names, police said Thursday. The special investigation unit of the National Police Agency said it referred Lee, South Korea’s richest [...]
SEOUL, Feb. 6 (Korea Bizwire) — A top executive at Samsung Electronics Co. vowed Tuesday to engage in “speed management,” which could be seen as a move by the tech giant to make aggressive business decisions. Samsung Electronics Vice Chairman Yoon Boo-keun made the comments in a brief meeting with reporters after attending a forum [...]
SEOUL, Feb. 5 (Korea Bizwire) – Samsung debuted an LED theater display for Chinese moviegoers in Shanghai on Sunday. Samsung’s first LED cinema screen in partnership with the world’s largest theater operator, Wanda Group, premiered at Wanda’s Wujiaochang theater over the weekend, following in the footsteps of Seoul, Busan, Bangkok, and Zurich. The High Dynamic Range [...]
SEOUL, Feb. 5 (Korea Bizwire) — An appellate court is set to hand down its verdict Monday on Samsung Electronics Vice Chairman Lee Jae-yong, who was found guilty by a lower court of offering kickbacks to former President Park Geun-hye, and her friend, in a scandal that led to Park’s ouster last year. The scion [...]
(image: Samsung Electronics) SEOUL, Feb. 2 (Korea Bizwire) — Samsung Electronics Co. said Friday that it has signed a multi-year memorandum of understanding (MOU) with Singapore-based ride-hailing firm Grab in a push to make inroads into one of the fastest growing Internet service sectors across Southeast Asia. The South Korean tech giant said it and [...]
SEOUL, Feb. 2 (Korea Bizwire) — The brand value of Samsung Electronics Co. rose two notches from a year earlier to rank fourth in an annual report on the world’s most valuable brands, a British corporate valuation and strategy consultancy said Friday. The South Korean tech giant’s brand value jumped 39 percent to US$92.3 billion [...]
SEOUL, Jan. 30 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. said Tuesday they have set up new logistics facilities in the United States in an apparent move to better cope with U.S. safeguard measures. Samsung Electronics America has signed a deal with a real-estate firm to lease a 421,000-square-foot facility in Edgefield [...]
SEOUL, Jan. 25 (Korea Bizwire) — Official Olympic partner Samsung Electronics unveiled the PyeongChang 2018 official application on Wednesday. The useful mobile app named ‘Go PyeongChang’, which is available for Android and iOS, provides Olympic news and information on tickets, event schedules and stadiums to sports fans from around the world. During the Winter Olympics, users [...]
ROME, Jan. 19 (Korea Bizwire) – Italy’s antitrust authority has launched a probe on Samsung Electronics Co. of South Korea and Apple Inc. of the United States on suspicions that the two tech giants slowed down their older model smartphones intentionally to induce users to buy new ones. The agency on Thursday said the two [...]
SEOUL, Jan. 17 (Korea Bizwire) — Samsung Electronics Co.’s Galaxy S9 smartphone appears likely to feature a variable aperture camera, according to industry sources and news reports. The new smartphone, set to be unveiled next month, reportedly has a camera that can be moved from a very fast aperture of f/1.5 to a slightly slower [...]