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 [...]
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 [...]