SEOUL, March 28 (Korea Bizwire) – Samsung Electronics revealed plans to sell 4 million refurbished Galaxy Note 7 phablets in the near future in a statement from its global site newsroom yesterday. Refurbished phones will be reintroduced in the market for purchase or rental services, with plans to use and sell components from severely damaged devices, [...]
SEOUL, March 27 (Korea Bizwire) – High-end smartphones took up less than 30 percent of Samsung Electronics Co.’s combined sales of handsets, data showed Monday, although the figure is expected to rebound after the launch of the tech giant’s upcoming new flagship model this week. According to the data compiled by Hana Financial Investment Co., [...]
SEOUL, March 24 (Korea Bizwire) – Samsung Electronics Co.’s Vice Chairman Kwon Oh-hyun said Friday that a move to restructure the tech giant into a holding-company structure is “not easy” at the moment, suggesting the process may be delayed for the time being. The world’s largest leading maker of smartphones and memory chips said in [...]
SEOUL, March 24 (Korea Bizwire) – Samsung Electronics Co. said Friday it will completely disable the charging of the faulty Galaxy Note 7 phablets that have not yet been returned, starting later this month through software updates. Samsung launched the Galaxy Note 7 last year, but the sales were soon suspended on reports of some [...]
SEOUL, March 20 (Korea Bizwire) – The combined market capitalization of 23 Samsung Group affiliates has gained 12.1 percent so far this year, helped by a rally in the group’s crown jewel, Samsung Electronics Co., according to the Korea Exchange on Monday. Shares of Samsung Electronics have continued to rise in the past few weeks [...]
SEOUL, Mar. 15 (Korea Bizwire) — South Korea’s major business groups face another round of investigations for their alleged involvement in the bribery scandal that led to the impeachment of President Park Geun-hye, industry and legal sources said Tuesday.Prosecutors at the Seoul Central District Prosecutors’ Office took over the bribery case late last month when [...]
SEOUL, March 14 (Korea Bizwire) – Samsung Electronics Co. has been considering whether to transition into a holding company structure, regardless of the leadership vacuum caused by the detention of its de facto chief, Lee Jae-yong, a senior company executive said Tuesday. Samsung announced last November that it will review a possible switch to a [...]
SEOUL, March 13 (Korea Bizwire) – Samsung Electronics Co. is believed to have conducted the final stage of wireless communication tests for its upcoming Galaxy S8 flagship phone in South Korea, an industry source said Monday. A model number of “SM-G950F,” believed to be one of the S8 variants under test in the Korean market, [...]
SEOUL, March 9 (Korea Bizwire) – Samsung Electronics Co. has been considering building a new plant in the United States in line with its “mid to long-term base strategy,” a senior executive said Thursday. Seo Byung-sam, vice president of Samsung’s home appliance unit, made the remarks at a meeting with reporters in Seoul, after the [...]
SEOUL, March 8 (Korea Bizwire) – Samsung Electronics Co. is expected to report a 30-percent jump in its first-quarter operating profit as strong sales of semiconductors continue to drive earnings, market data showed Wednesday. According to a survey of earnings forecasts by market tracker FnGuide, Samsung is likely to post an operating profit of 8.7 [...]