SEOUL, Aug. 9 (Korea Bizwire) — One would think that the looming possibility of a double digit prison sentence would have the plaintiff arguing for one’s innocence. Instead, in what may well be the darkest hour of his life, Lee Jae Yong is pouring his heart out trying to convince people that he’s not a bad [...]
SEOUL, July 18 (Korea Bizwire) – Sales of the Galaxy S8 hovered above that of its predecessor, the Galaxy S7, Samsung Electronics Co.’s mobile chief has said. Koh Dong-jin, who heads Samsung’s mobile business, reportedly said the sales of the Galaxy S8 were 15 percent higher than its predecessor so far during his meeting with [...]
SEOUL, Jul. 11 (Korea Bizwire) — The market value of Samsung Group, South Korea’s No. 1 business conglomerate, rose by 96 trillion won (US$83.5 billion) in the past six months helped by the strong performance of Samsung Electronics Co., industry data showed Tuesday. The market cap of 16 firms affiliated with the business group surged [...]
SEOUL, June 27 (Korea Bizwire) – Samsung Electronics Co. plans to release the refurbished edition of the ill-fated Galaxy Note 7 smartphone next month, industry sources said Tuesday. According to the sources, Samsung will release the smartphone under the name the Galaxy Note FE, with a price tag below 700,000 won (US$616). Official sales are [...]
SEOUL, June 26 (Korea Bizwire) – Samsung Electronics Co. is expected to announce a plan to build a new production facility in the United States during President Moon Jae-in’s visit to Washington this week, industry sources said Monday. “As Samsung’s plan to build a factory for home appliances is virtually fixed, it is likely the [...]
SEOUL, June 22 (Korea Bizwire) – Samsung Electronics Co. said Thursday it will release a new flip-style smartphone this week, seeking to grab consumers still yearning for handsets with traditional design. The South Korean tech giant said although the Galaxy Folder 2 looks like earlier models of handsets, it runs on the Android 6.0 platform [...]
SEOUL, June 19 (Korea Bizwire) – Samsung Electronics Co., the country’s top market cap, is still undervalued and has further room to rise down the road given its strong earnings, analysts said Sunday. But some fund managers remained cautious, projecting its earnings cycle may take a turn for the worse. Samsung, the world’s largest manufacturer [...]
SEOUL, June 7 (Korea Bizwire) – South Korea’s top conglomerate Samsung Group appears unlikely to hold any high-profile events this week to mark the anniversary of a landmark declaration of reform as its leader has been in jail over a corruption scandal that led to the ouster of former President Park Geun-hye. On June 7, [...]
SEOUL, June 5 (Korea Bizwire) – Samsung Electronics Co. is set to make 700 billion won (US$623 million) worth of investment in India to expand the production of smartphones in the large South Asian country, industry sources said Sunday. According to governmental and industry sources in India, Samsung is planning to expand its existing 120,000-square-meter production line in Noida, Uttar Pradesh, in the northern part of the country, to 240,000 square meters. If the expansion is completed, the factory will [...]
SEOUL, June 2 (Korea Bizwire) – Samsung Electronics Co. said Friday it has reached an agreement with three local banks to allow users to use banking services via its voice command program, Bixby. The South Korean tech giant said under the project with Shinhan Bank, Woori Bank and KEB Hana Bank, users can ask the [...]