SEOUL, Nov. 30 (Korea Bizwire) – Samsung Electronics Co. said Thursday it will introduce the first LED theater solution in Europe that does not need projectors and improves resolution compared with traditional movie screens. The announcement comes some four months after the South Korean tech giant installed the first cinema LED screen at a major [...]
SEOUL, Nov. 29 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it has started mass production of a system on chip (SoC) that uses second generation 10-nanometer (nm) FinFET process technology. The South Korean tech giant said the SoC, which integrates all components of a computer or other electronic system into a single integrated circuit, [...]
SEOUL, Nov. 28 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it started the global launch of the application SeeColors, which will provide people with vision deficiencies with relatively accurate color renditions. The South Korean tech giant released the service in Hungary, Romania and Bulgaria earlier this year, while the global release started Monday. The [...]
SEOUL, Nov. 28 (Korea Bizwire) – Samsung chairman Lee Kun-hee’s position as the largest stakeholder of Samsung Life Insurance is in jeopardy after speculation over the existence of a secret offshore account was corroborated in a National Policy Committee meeting held on November 27. Politician Park Chan-dae said, “Chairman Lee’s eligibility as the largest stakeholder [...]
SEOUL, Nov. 28 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it has acquired a local startup that specializes in artificial intelligence (AI), in an apparent bid to improve its voice recognition system, Bixby. This is the first time that Samsung has acquired a South Korean startup. The size of the deal remains confidential. Established [...]
SEOUL, Nov. 21 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it will launch a program to allow iPhones users to try out the latest Galaxy smartphones for a one-month period, as Apple Inc. releases its newest models in the South Korean company’s home market. Under the program, iPhone users can purchase the latest Galaxy [...]
SEOUL, Nov. 20 (Korea Bizwire) – Samsung Group Chairman Lee Kun-hee’s ranking among the world’s superrich rose to 37th place as of late last week, thanks to the surge in the stock value at the conglomerate’s electronic arm, a U.S.-based financial news source said Sunday. According to Bloomberg, Lee, who has been hospitalized since May [...]
SEOUL, Nov. 17 (Korea Bizwire) – Despite record KOSPI earnings, only a small number of conglomerates have reported significant increases in profits this year. According to reports from the Korea Exchange, the accumulated net earnings of 525 KOSPI-listed companies during the first three quarters were estimated to be around 92.5 trillion won, up 34.2 percent from [...]
SEOUL, Nov. 16 (Korea Bizwire) — Samsung Electronics Co. announced a reshuffle of executives Thursday as a follow-up step to the appointment of new heads of its major business divisions late last month. Through the regular reshuffle, the South Korean tech giant has promoted 221 executive-level employees, 99 of them from the crucial chip-making division, [...]
SEOUL, Nov. 15 (Korea Bizwire) – South Korean tech giants said Wednesday no damage has been reported at production plants following the magnitude 5.4 earthquake which struck the southeastern city of Pohang earlier in the day. The quake occurred at around 2:29 p.m. some 9 kilometers north of Pohang, the Korea Meteorological Administration said. The quake was felt across [...]