SEOUL, Feb. 14 (Korea Bizwire) – Special prosecutors on Tuesday sought the arrest of the de facto leader of Samsung Group on charges of bribery in relation to impeached President Park Geun-hye, after their first attempt was rejected by a local court last month. The investigation team, led by Independent Counsel Park Young-soo, in January [...]
SEOUL, Feb. 13 (Korea Bizwire) – The de facto leader of Samsung, South Korea’s largest business group, was quizzed for a second time Monday on charges of bribery, as special prosecutors here accelerated their probe into an influence-peddling scandal centered on President Park Geun-hye. Lee Jae-yong, vice chairman of Samsung Electronics Co., appeared before the [...]
SEOUL, Feb. 9 (Korea Bizwire) – Samsung Electronics Co. emerged as the leader in the global virtual reality (VR) market in 2016, accounting for more than 70 percent of 6.3 million VR devices shipped worldwide, a report showed Thursday. The South Korean tech giant sold about 4.51 million units last year, or 71.6 percent of [...]
SEJONG, Feb. 6 (Korea Bizwire) – The South Korean government said Monday that flaws in batteries caused the fires in Samsung Electronics Co.’s Galaxy Note 7 which led to a worldwide recall and production halt of the smartphone. In a test conducted by the state-run Korean Agency for Technology and Standards, it was found that [...]
SEOUL, Feb. 3 (Korea Bizwire) – Samsung Group, South Korea’s biggest business conglomerate, has not yet set a date for its annual recruitment, group officials said Friday, as the group’s top leadership has been under investigation amid a snowballing corruption scandal that led to the impeachment of President Park Geun-hye. Samsung Electronics Co. Vice Chairman [...]
SEOUL, Feb. 1 (Korea Bizwire) – Apple Inc. emerged as the leader in the global smartphone market in the fourth quarter of last year, beating its South Korean archrival Samsung Electronics Co., data showed Wednesday. The U.S. giant sold about 78.3 million smartphones during the October-December period, up 18 percent from a year earlier, the [...]
SEOUL, Jan. 31 (Korea Bizwire) – Despite Samsung apologizing once again to its Chinese customers for the Galaxy Note 7 fiasco during a press conference last week revealing the detailed causes behind the device’s tendency to catch fire, locals are still expressing discontent, making Samsung’s future operations in China uncertain, especially given that it has [...]
SEOUL, Jan. 30 (Korea Bizwire) – A shift in color trends for home appliances is playing out as the consumer electronics industry rushes to introduce increasingly dark toned products in the market. According to industry watchers, Korean tech giants Samsung and LG are launching new refrigerator and washing machines in black or metallic hues. Samsung [...]
SEOUL, Jan. 24 (Korea Bizwire) – Samsung BioLogics, a biopharmaceutical unit of South Korea’s top conglomerate Samsung Group, suffered a loss last year despite a sharp rise in sales, the company said Tuesday. Sales more than tripled to 295 billion won (US$252.6 million) in 2016 from 91.28 billion the previous year, the company said in [...]
SEOUL, Jan. 23 (Korea Bizwire) – “Thinner” and “lighter” have long been the mantra for laptop manufacturers. The focus is now shifting to battery power in Korea, with two of the country’s largest laptop makers – Samsung Electronics and LG Electronics – highlighting the battery capacity of their latest computers. Samsung added last month a [...]