SEOUL, May 17 (Korea Bizwire) – Two companies that supply semiconductors to China have entered Samsung Electronics’ list of five top revenue sources, underscoring the growing importance of the Chinese market for the South Korean tech giant. According to Samsung’s quarterly report disclosed on May 16, its five biggest revenue drivers in the first quarter were [...]
SEOUL, May 17 (Korea Bizwire) – Samsung Electronics announced on May 16 that it is introducing a ‘Gift Funding’ campaign to cater to consumers who desire practical gifts for special occasions. Building upon last year’s successful ‘Bespoke Wedding Funding’ initiative targeted at engaged couples, the company has expanded the scope to encompass a broader range of [...]
SEOUL, May 8 (Korea Bizwire) — Samsung Electronics Co. said Wednesday its medical equipment unit Samsung Medison Co. has acquired the French artificial intelligence medtech startup Sonio, as part of its effort to expand its AI-powered health care solution business. Samsung Medison entered into a share purchase agreement to acquire Sonio, which specializes in AI [...]
SEOUL, May 8 (Korea Bizwire) – Samsung Electronics has introduced Korea’s largest Micro LED display, a 114-inch colossus that doubles down on its pursuit of the ultra-premium TV segment by expanding its Micro LED lineup to meet consumer demand for supersized screens. The 114-inch model joins Samsung’s existing 89-inch and 101-inch Micro LED offerings, providing consumers [...]
SEOUL, May 7 (Korea Bizwire) – Samsung Electronics, SK Telecom and Naver have emerged as the top artificial intelligence companies in South Korea, according to a survey of people from the MZ generation (those born between 1980 and the early 2000s) by the job platform Jobplanet. The survey of 947 MZ generation respondents revealed Samsung Electronics, [...]
SEOUL, May 3 (Korea Bizwire) – Samsung Electronics announced that it will offer a free rental service for its Galaxy S24 series smartphones at Incheon Airport until June 9, catering to travelers during the summer season. The rental service is available to anyone aged 14 and above who is departing from Incheon Airport. Reservations will be [...]
SEOUL, May 1 (Korea Bizwire) – Despite the global smartphone market’s contraction, Samsung Electronics’ mobile experience (MX) division reported robust first-quarter earnings, buoyed by the strong sales performance of its latest artificial intelligence (AI)-powered flagship, the Galaxy S24 series. According to Samsung’s earnings release on April 30, the company’s MX and Networks divisions posted consolidated revenue [...]
SEOUL, May 1 (Korea Bizwire) – Samsung Electronics, an official partner of the International Olympic Committee (IOC), has unveiled the “Samsung Olympic Experience Center” in Paris, France, in anticipation of the 2024 Summer Olympics. On April 29, Samsung held an opening ceremony for the center at 125 Champs-Élysées in Paris. The event was attended by Roh Tae-moon, [...]
SEOUL, Apr. 25 (Korea Bizwire) – Samsung Electronics, the world’s leading smartphone maker, has relaunched its Galaxy C series of smartphones tailored for the Chinese market after a seven-year hiatus, in a bid to reclaim market share from domestic rivals. According to the market research firm Counterpoint Research, Samsung is estimated to have recorded a market [...]
SEOUL, Apr. 24 (Korea Bizwire) — Four major conglomerates saw their combined operating profit plunge 65 percent last year, hit by sluggish sales amid an economic slowdown, a report showed Wednesday. Some 306 affiliates of four conglomerates — Samsung, SK, Hyundai Motor and LG — posted a combined operating profit of 24.51 trillion won (US$17.9 [...]