SEOUL, Nov. 3 (Korea Bizwire) — Samsung Electronics Co. stood as the world’s top smartphone producer in the third quarter in terms of shipments, data showed Friday, helped by rising sales of budget models. Industry tracker Strategy Analytics said the South Korean tech giant sold 83.4 million units of smartphones in the July-September period, with [...]
SEOUL, Nov. 2 (Korea Bizwire) – The combined sales of Samsung Electronics Co.’s Galaxy Note 8 smartphone in South Korea have reached 1 million units, industry data showed Thursday, a little over a month after the device hit local shelves. The South Korean tech giant started official sales of the 6.3-inch phablet on Sept. 21, [...]
SEOUL, Nov. 1 (Korea Bizwire) — Nearly two-thirds of South Korea’s top 30 conglomerates have been dissolved or dropped out of the standings since the 1997 Asian financial crisis, a market tracker said Wednesday. According to corporate tracker CEO Score, 19 family-controlled conglomerates, called chaebol here, disappeared altogether from the list with the remainder maintaining [...]
SEOUL, Oct. 30 (Korea Bizwire) — Samsung Electronics Co. remained as the leading player in the U.S. home appliances market in the July-September period, ranking No. 1 for the sixth consecutive quarter. Citing the data compiled by industry tracker Traqline, Samsung Electronics said it accounted for 19.3 percent of the U.S. market in the third [...]
SEOUL, Oct. 28 (Korea Bizwire) — KT (Korea Telecom) announced on October 27 that it had succeeded in interconnecting 5G demonstration networks with 5G terminals of Samsung Electronics at the main stadium and other sports stadiums designated for the PyeongChang Winter Olympic Games. In addition, a pilot to transmit bulk images through 5G services [...]
SEOUL, Oct. 24 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it will work with Germany-based TUV SUD to certify the performance of its light-emitting diode (LED) products for automobiles. TUV SUD is a German inspection and certification firm that boasts a history of testing automobile parts going back more than 100 years. Under the agreement, Samsung will have its LED products verified by TUV SUD, ensuring performance and reliability for consumers. Products that pass tests [...]
SEOUL, Oct. 20 (Korea Bizwire) — South Korean consumer electronics producers Samsung and LG have said American refrigerator manufacturer Whirlpool’s growing calls for U.S. trade authorities to impose safeguard tariffs on its rivals could restrict choices for consumers. The two South Korean electronics giants are increasingly having to defend their position in the U.S. refrigerator market [...]
SEOUL, Oct. 17 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. were among the least environment-friendly IT companies worldwide in terms of their use of renewable energy and harmful chemicals, a report by Greenpeace showed Tuesday. The two South Korean electronics companies each scored a “D-” and a “D+” in overall grades for [...]
SEOUL, Oct. 16 (Korea Bizwire) – Samsung Electronics CEO and Vice Chairman Kwon Oh Hyun’s decision to resign by March of next year has left Samsung Group Vice Chairman Lee Jae Yong as the clear successor to his father as the head of the Samsung empire. After the resignation of fellow Vice Chairman Choi Ji [...]
SEOUL, Oct. 16 (Korea Bizwire) — Samsung Electronics Co.’s latest aggressive marketing tactic against rival LG Electronics Co. in the high-end TV field appears to be part of its efforts to get ahead in the consumer electronics sector. Samsung Electronics has been at the forefront of liquid crystal display (LCD) TV technology that has helped [...]