SEOUL, Dec. 8 (Korea Bizwire) – In an effort to make up for its lost cause, the Galaxy Note 7, Samsung is again launching its Galaxy S7 Edge in a new color, this time “Black Pearl”. Much reminiscent of the Jet Black of the iPhone 7 series, it is the seventh color edition of the [...]
SEOUL, Dec. 7 (Korea Bizwire) – Samsung vice chairman Lee Jae-yong’s reluctant promise during Tuesday’s parliamentary hearing over the Choi Soon-sil scandal to disband the group’s Future Strategy Office – the key department responsible for the group’s decision-making process for all Samsung affiliates – has raised questions as to how other Korean conglomerate groups’ so-called [...]
SEOUL, Dec. 6 (Korea Bizwire) – Lee Jae-yong, vice chairman of Samsung Electronics and the heir-apparent of Samsung Group, appeared Tuesday at a parliamentary hearing into the involvement of Korean conglomerates in the corruption and influence-peddling scandal surrounding President Park Geun-hye and her confidante Choi Soon-sil. Lee was one of eight Korean business tycoons (chiefs [...]
SEOUL, Dec. 5 (Korea Bizwire) – Although Samsung Electronics was quick to let go of its Galaxy Note 7, many of its customers weren’t, and the electronics giant is not willing to compromise in lawsuits over its faulty phablet. According to sources, Samsung has retained the services of Lee & Ko, a well respected local [...]
SEOUL, Dec. 1 (Korea Bizwire) – Samsung Electronics Co. said Thursday it has retrieved about 67 percent of Galaxy Note 7 smartphones sold in South Korea about three months after it conducted a global recall of the smartphones over a safety risk. Taking into consideration that some owners of the Note 7 had applied to [...]
SEOUL, Nov. 29 (Korea Bizwire) – Routine year-end corporate activities have been suspended this year as CEOs await a prosecutorial investigation over a presidential scandal, delaying reshuffles for next year’s business planning and bonus payments, corporate sources said Tuesday. At Samsung, the reshuffle of executive-level officers, usually carried out on the first Tuesday of December, [...]
SEOUL, Nov. 29 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it has been reviewing the “possibility” of creating a holding company structure to improve the company’s corporate structure and enhance its transparency. In a statement, Samsung said it will also increase total dividends in 2016 by 30 percent on year, bringing the annual dividend [...]
SEOUL, Nov. 23 (Korea Bizwire) – Samsung Electronics Co., South Korea’s top tech firm, is set to take over QD Vision, a U.S. firm that specializes in quantum dot technology, in a deal aimed at boosting Samsung’s presence in the global premium TV market. “(We) decided to take over (QD Vision),” Chung Chil-hee, the head [...]
SEOUL, Nov. 21 (Korea Bizwire) – Samsung Electronics Co. said Monday it has sold more than 25,000 Gear S3 smartwatches in South Korea since it began selling the smartwatches at home on Nov. 11. Samsung unveiled the Gear S3 Frontier and S3 Classic in September, featuring a mobile payment function, longer battery life and built-in [...]
SEOUL, Nov. 18 (Korea Bizwire) – A senior executive at South Korea’s largest business group Samsung was questioned Friday as prosecutors accelerated their investigation into local conglomerates’ alleged involvement in an influence-peddling scandal rocking the country. Chang Choong-ki, head of Samsung’s strategy planning department, the group’s de facto control tower, appeared before the Seoul Central [...]