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 [...]
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 [...]