SEOUL, Jan. 10 (Korea Bizwire) – Samsung Electronics shares are still undervalued despite days of record-breaking price climbs, given the tech firm’s operating profit and product marketability, leading asset managers said in their outlook Tuesday. Samsung Electronics released its 2016 fourth-quarter performance estimate Friday that forecast 9.2 trillion won (US$7.64 billion) in operational profit, up [...]
SEOUL, Jan. 9 (Korea Bizwire) – Samsung’s surprise surge in 2016 Q4 profit may further close the gap with its U.S. competitor Apple. According to industry watchers, Samsung reported sales revenue of 53 trillion won ($44 billion) with an operating profit of 9.2 trillion won, for an impressive operating margin of 17.36 percent. The value [...]
SEOUL, Jan. 6 (Korea Bizwire) – Samsung Electronics Co. predicted Friday that its fourth-quarter operating profit last year may have jumped about 50 percent on-year, beating market expectations as strong sales of chips and displays appeared to help offset losses from a global recall of the Galaxy Note 7 smartphones. Operating profit is estimated at [...]
LAS VEGAS, Jan. 6 (Korea Bizwire) – Samsung NEXT (formerly Samsung Global Innovation Center) today announced at CES the creation of the Samsung NEXT Fund, a $150 million venture capital investment fund, to increase Samsung’s global support of early stage startups pursuing advanced software and services innovation. The Fund enables Samsung NEXT to build upon [...]
SEOUL, Jan. 4 (Korea Bizwire) – Samsung Electronics Co. said Wednesday it will update the software in South Korea to prevent owners of the Galaxy Note 7 smartphones from charging beyond 15 percent from next Monday, with about 94 percent of the devices sold at home retrieved. In a brief statement, Samsung said it will [...]
SEOUL, Dec. 28 (Korea Bizwire) – A vacuum cleaner with improving robotic options manufactured by Samsung Electronics Co. has been named one of the best vacuum cleaners of the year by a U.S. consumer magazine, according to the magazine Wednesday. The Powerbot of Samsung was listed as one of the eight best vacuum cleaners in [...]
SEOUL, Dec. 27 (Korea Bizwire) – Samsung Electronics Co. retained its No. 2 spot in a global ranking for industrial research and development spending for the third consecutive year, a survey by the European Commission’s Economics of Industrial Research and Innovation showed Tuesday. According to the annual survey, 75 South Korean firms were among the [...]
SEOUL, Dec. 26 (Korea Bizwire) – Samsung Electronics said Monday that it will present some of its more successful items from its “Creative Lab” projects at the 2017 Consumer Electronics Show coming to Las Vegas next month. The Creative Lab, or C-Lab, is Samsung’s in-house incubation platform that offers Samsung employees the opportunity to turn [...]
SEOUL, Dec. 21 (Korea Bizwire) – Special prosecutors raided the state-run pension service Wednesday to investigate whether President Park Geun-hye and her confidant influenced its dubious support for the merger of Samsung Group’s two units last year. The team led by independent counsel Park Young-soo officially began its investigation into the influence-peddling scandal involving Park [...]
SEOUL, Dec. 20 (Korea Bizwire) – The special prosecution team looking into President Park Geun-hye’s corruption scandal has put a prohibition of departure on three Korean conglomerate heads, hampering business operations planned for the year-end and the next few months to come. According to sources, Samsung vice chairman Lee Jae-yong, SK chairman Chey Tae-won and [...]