SEOUL, May 31 (Korea Bizwire) – Nearly half of the top 30 conglomerates in the country in 2000 either fell out of the rankings or have been dissolved, with only Samsung Group firmly entrenched in the No. 1 position, an analysis showed Wednesday. Corporate tracker CEO Score compared the top 30 business groups of 2000 and those in 2016 in terms of state-appraised assets. Over the [...]
SEOUL, May 22 (Korea Bizwire) – Samsung Display Co. said Monday it will showcase the world’s first “stretchable” panel during a U.S. tech fair slated for this week, which is expected to open a new era for the industry. The South Korean company said the stretchable OLED display is unique since it can bend in [...]
SEOUL, May 22 (Korea Bizwire) — Asset size of South Korea’s top four business conglomerates grew by more than 30 percent over the past five years, a corporate information provider said Sunday. Data provided by Chaebul.com showed combined assets of Samsung, Hyundai Motor, SK and LG stood at 864.9 trillion won as of end 2016, [...]
SEOUL, May 18 (Korea Bizwire) – Chinese tech companies are gradually expanding sales in India, industry data showed Thursday, and starting to threaten Samsung Electronics Co., which is currently the leading player in the subcontinent. According to the industry tracker Strategy Analytics, China-based Vivo sold 1.9 million handsets in the first quarter in India, accounting [...]
HANOI, May 18 (Korea Bizwire) – South Korea’s top conglomerate Samsung Group expects sales of Samsung Electronics Co. and three other units in Vietnam to spike more than 30 percent on-year in 2017 on its strong smartphone business, sources said Wednesday. Samsung Electronics, Samsung Display Co., Samsung Electro-Mechanics Co. and Samsung SDI Co. are targeting [...]
SEOUL, May 16 (Korea Bizwire) – In 2009, Samsung Electronics introduced a “Master” program to help the company’s top researchers to make focused progress in their respective fields, and the initiative is now being adopted by other Samsung affiliates. Prior to the program, senior researchers would have to take on general management roles when they [...]
SEOUL, May 16 (Korea Bizwire) – Global sales of the Galaxy S8 smartphones reached 5 million units in less than a month after their official release, Samsung Electronics Co. said Tuesday, casting a brighter outlook over its mobile business for 2017. “Although we cannot provide a detailed figure, the sales are going smoothly around the [...]
SEOUL, May 12 (Korea Bizwire) – Samsung Electronics Co. on Friday opened a new department under its chip division focusing on the foundry business, in line with the company’s efforts to expand its market presence in the area. The foundry business refers to making chip designs for other companies that do not have a semiconductor [...]
CHINA, May 10 (Korea Bizwire) – South Korean electronics giant Samsung’s recent struggles in the Chinese market saw its smartphone sales more than halved during the first quarter, with the company’s market share now languishing at 3.3 percent. While Samsung experienced one of its worst quarters in China, seeing its market share slashed by more than [...]
SEOUL, May 4 (Korea Bizwire) – Last week, Nguyen Xuan Cuong, Vietnam’s Minister of Agriculture and Rural Development, rushed to a Samsung Electronics plant in Bac Ninh requesting that the South Korean company boost its purchases of pork amid a supply glut that has been destabilizing the local market. Cuong has become anxious over plummeting [...]