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 [...]
SEOUL, March 3 (Korea Bizwire) — Samsung Electronics has kept its top position in India’s refrigerator market while boasting an impressive double-digit annual growth rate for two consecutive years. As of last month, the South Korean electronics giant’s market share accounted for 30.7 per cent of all refrigerator sales in India., according to the Korea [...]
SEOUL, March 2 (Korea Bizwire) – Following allegations against Samsung Group and its role in President Park Geun-hye’s corruption scandal, and the subsequent arrest of its de facto leader Lee Jae-yong, Korea’s largest conglomerate decided to abolish its future strategy office while introducing a stringent screening procedure for any donations exceeding 1 billion won ($885,347) [...]
SEOUL, Feb. 28 (Korea Bizwire) – Samsung Group, South Korea’s top conglomerate, has decided to abolish its groupwide employment of new workers as part of reform measures following its involvement in a high-profile corruption scandal, officials said Tuesday. The decision follows Samsung’s move to dismantle the group’s key future strategy office, which has been responsible [...]
SEOUL, Feb. 27 (Korea Bizwire) – Lee Kun-hee, the ailing chief of South Korea’s top conglomerate Samsung Group, again topped the ranking of dividend income earners, data showed Monday. Dividend payouts to Lee, chairman of the group’s flagship Samsung Electronics Co., stood at 189.9 billion won (US$167.6 million) so far this year, according to the [...]
SEOUL, Feb. 22 (Korea Bizwire) – Lee Jae-yong, Samsung’s de facto leader, again showed up in handcuffs (covered with cloth) at the special prosecution’s office in Gangnam, Wednesday afternoon, for the third interrogation session since his arrest on February 17. South Korea’s third richest man (Forbes, 2016), after his father Lee Kun-hee and AmorePacific chairman [...]
SEOUL, Feb. 22 (Korea Bizwire) – South Korea’s major conglomerates are ramping up efforts to run their sprawling business empires in a more transparent and law-abiding way following a high-profile corruption scandal that led to the impeachment of President Park Geun-hye, sources said Wednesday. Dozens of large companies, including top conglomerate Samsung Group, have been [...]