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 [...]
SEOUL, Nov. 15 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it will release its so-called mixed reality headset in South Korea next week, tapping deeper into the virtual reality (VR) gaming industry. The South Korean tech giant said that sales will start on Tuesday of the Samsung Head Mounted Display (HMD) Odyssey developed with [...]
SEOUL, Nov. 10 (Korea Bizwire) — Kim Na-yul, a 38-year-old PR manager in Seoul, regularly sees dermatologists to get “intensive care” to erase dark spots and shrink the pores on her nose and cheeks. “After I turned 30, I started buying more expensive creams and essences. And in recent years, I decided to get help [...]
SEOUL, Nov. 9 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will start mass production of Qualcomm Inc.’s new server processors manufactured with the 10 nm production process for the first time in the industry. Under the foundry deal, the South Korean tech giant said it will produce the Centriq 2400, which is aimed [...]
SEOUL, Nov. 6 (Korea Bizwire) – Samsung’s reshuffle of high-ranking officials at advanced ages is sending warning signs to older workers as other companies could follow suit. The latest employee reorg at Samsung, which saw many of its high-ranking officers over the age of 60 step down to be replaced with younger employees, is keeping older [...]
SEOUL, Nov. 6 (Korea Bizwire) — Samsung Group’s non-technology affiliates are expected to reshuffle key personnel in the near future as the conglomerate’s flagship Samsung Electronics Co. named new leadership last week, industry watchers said Sunday. Last week, the family-controlled conglomerates’ technology affiliates, also including Samsung Display Co. and Samsung SDS Co., named new CEOs [...]
SEOUL, Nov. 3 (Korea Bizwire) – Chinese tech giant Baidu Inc. is expected to emerge as a major player in the field of voice-recognizing artificial intelligence programs through 2022, an industry tracker said Friday, widening the gap with Samsung Electronics Co.’s Bixby. The penetration rate of Samsung Electronics’ Bixby in the field is expected to reach 5.4 percent in 2022, falling sharply from 12.7 percent posted in 2017, Strategy [...]