GEOJE, South Korea, May 4 (Korea Bizwire) – Police on Thursday raided several offices of Samsung Heavy Industries over a deadly crane accident that occurred at one of its shipyards this week. On Monday, two cranes collided at the shipyard in the southeastern port city of Geoje, causing a structure to fall from one of [...]
SEOUL, April 24 (Korea Bizwire) – The direct offshore investments of South Korean companies rose to a record level last year, with that made to the United States nearly quadrupling the figures for China due largely to strong demand for business expansion in the world’s most advanced market, a report showed Monday. The foreign direct [...]
SEOUL, April 21 (Korea Bizwire) – Samsung Electronics Co. is estimated to make less than 100,000 won (US$88.20) for each Galaxy S8 smartphones sold, industry watchers said Friday, hovering far below the market price of 935,000 won. The calculation is based on the fact that Samsung’s mobile business saw its operating margin reach 10.8 percent [...]
From left are chefs Kang Min-goo, Lim Ki-hak, Kwon Hyung-jun, Yim Jung-sik and Lee Chung-hoo. (Image: Yonhap) SEOUL, April 21 (Korea Bizwire) – Samsung Electronics Co. said Friday a renowned South Korean baker has joined the list of chefs providing one of the world’s leading consumer electronics manufacturer with insight and expertise for the development [...]
SEOUL, April 21 (Korea Bizwire) – Samsung Electronics Co. said Friday it will implement software updates for its Galaxy S8 smartphones next week amid complaints that some screens on the flagship device have an unnatural reddish tint. “We plan to upgrade the color optimization feature next week through software updates,” an official at the tech [...]
SEOUL, April 19 (Korea Bizwire) – Samsung Electronics Co. said Wednesday the controversial red-tinted display on some of its brand-new Galaxy S8 smartphone cannot be considered a defect, while some critics are predicting the issue may hurt the company’s image like last year’s battery scandal. The issue came to light when a few users claimed [...]
SEOUL, Apr. 19 (Korea Bizwire) — Pre-orders for Samsung Electronics Co.’s flagship smartphone, the Galaxy S8, have surpassed 1 million units, the company said Tuesday, setting a new record among all of its smartphones. The tally compares with pre-orders for 200,000 units for its predecessor, the Galaxy S7, over a week, and 400,000 for the [...]
SEOUL, April 12 (Korea Bizwire) – Samsung Electronics Co. regained the top status in the global smartphone market in the first quarter of the year, even before the release of its latest Galaxy S8, largely thanks to an increase in shipments of mid- and low-end devices, data showed Wednesday. According to the data compiled by [...]
SEOUL, April 11 (Korea Bizwire) – Samsung Electronics Co. said Tuesday that preorders for its new flagship smartphone, the Galaxy S8, has surpassed a whopping 600,000 units in just five days, heralding a big hit for the company. The Galaxy S8 smartphones feature high resolution displays that bend on both ends, and come with various [...]
SEOUL, April 10 (Korea Bizwire) – Samsung Electronics Co. could be required to pay additional corporate taxes due to an accounting error, industry sources here said Monday. The total that the tech giant may be ordered to pay has not been announced but sources said it could be a sizable sum, presumably more than 500bln [...]