SEOUL, March 24 (Korea Bizwire) — Samsung E&A Co. said Monday it has secured a 518.6 billion-won (US$354.2 million) contract to build a biopharmaceutical raw material production and research facility in Songdo, west of Seoul, for Sartorius AG of Germany. The plant will be constructed for Sartorius Korea, the South Korean unit of the German [...]
SEOUL, March 20 (Korea Bizwire) — Samsung Electronics Co. will showcase its latest home appliances driven by artificial intelligence (AI) and unveil its vision for hyper-personalized smart living next week, industry sources said Thursday. At the “Welcome to Bespoke AI” event scheduled for Wednesday, Samsung Electronics will introduce Home AI, an advanced ecosystem that integrates [...]
SEOUL, March 17 (Korea Bizwire) — As global consumer electronics sales continue to slump, South Korea’s tech giants are finding new growth in an unexpected direction: business-to-business solutions, particularly in heating, ventilation, and air conditioning (HVAC) systems. Samsung Electronics has seen its consumer electronics and visual display division revenue stagnate, with annual sales of 60.64 trillion won [...]
SEOUL, March 17 (Korea Bizwire) — Samsung Electronics Co. Chairman Lee Jae-yong has urged executives to adopt a “death-defying” mindset to navigate the intense challenges posed by the new era driven by artificial intelligence (AI), industry sources said Monday. His call was made in a video message delivered to some 2,000 executives of the company’s [...]
SEOUL, March 13 (Korea Bizwire) — Samsung Electronics saw its smartphone market share shrink in key domestic and international markets during the fourth quarter of 2024, according to a new report from market research firm Counterpoint Research. In India, Samsung’s market share fell to 11%, dropping from third to fifth place compared to the same [...]
SEOUL, March 10 (Korea Bizwire) — Washing machine and dryer sets of LG Electronics Inc. and Samsung Electronics Co. have received top ratings in a recent U.S. consumer performance study. LG Electronics’ washer and dryer set was ranked No. 1 in both the front-load and high-efficiency (HE) top-load categories in the Best Matching Washer and [...]
SEOUL, March 10 (Korea Bizwire) — South Korean tech powerhouses Samsung Electronics and LG Electronics are intensifying efforts to secure early positions in the humanoid robot market through strategic investments, workforce realignment, and research and development initiatives. Samsung recently deployed approximately 40 personnel from Samsung Research and related departments to its newly established Future Robot Task [...]
SEOUL, March 7 (Korea Bizwire) — Samsung remains the most sought-after employer among South Korean university students, according to a recent survey conducted by HR tech firm Incruit. The survey, which polled 1,144 students nationwide from February 10 to March 3, found that 16.8% of respondents identified Samsung as their preferred workplace. The primary reason [...]
SEOUL, March 4 (Korea Bizwire) — Samsung’s latest flagship smartphone, the Galaxy S25 Ultra, has been ranked as the best smartphone by consumer advocacy organizations in five major European countries, the company announced on Monday. According to Samsung, the Galaxy S25 Ultra secured the top spot in consumer evaluations conducted by Italy’s Altroconsumo, Spain’s OCU, [...]
SEOUL, March 3 (Korea Bizwire) — South Korean electronics giants Samsung and LG are reporting sustained growth in India, as both companies intensify their focus on the country’s vast domestic market potential and skilled workforce. According to Samsung Electronics’ latest audit report, its Indian subsidiary recorded sales of 17.05 trillion won and net profit of 1.41 [...]