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 [...]
SEOUL, Nov. 17 (Korea Bizwire) – It has been over a month since exchange and refund programs for the Galaxy Note 7 began, but recent data reveals that thousands are still holding on to their phablets with telecommunications companies showing an average recovery rate of roughly 40 percent. According to data compiled by the Ministry [...]
SEOUL, Nov. 15 (Korea Bizwire) – Prosecutors raided the offices of Cheil Worldwide Inc., the advertising unit of the country’s largest business group Samsung, on Tuesday over its alleged involvement in a snowballing influence-peddling scandal rocking the country. The prosecution team looking into the Choi Soon-sil scandal said its investigators raided the ad agency located [...]
SEOUL, Nov. 15 (Korea Bizwire) – Investments by the top 30 conglomerates this year up to the third quarter showed a 24 percent drop compared to the same period last year, a tally from a corporate tracker showed Tuesday. The 30 business groups, who control 257 affiliates, invested 45.33 trillion won (US$38.83 billion) on tangible [...]
SEOUL, Nov. 11 (Korea Bizwire) – Leading South Korean electronics makers received several awards for their innovative products across a wide variety of categories from the host of the International Consumer Electronics Show (CES), the companies said Friday. Samsung Electronics Co., South Korea’s top tech company, said it received 35 CES 2017 Innovation Awards from [...]
SEOUL, Nov. 10 (Korea Bizwire) – Samsung Electronics Co. has maintained its No. 1 spot in the U.S. market for home appliances for the second consecutive quarter in the third quarter of this year, the company said Thursday, citing a survey of a market researcher. Samsung accounted for 18.8 percent of the U.S. market for [...]
SEOUL, Nov. 10 (Korea Bizwire) – Shares of Samsung BioLogics, a biopharmaceutical unit of Samsung Group, made a strong market debut on Thursday trading above its initial public offering price. Samsung BioLogics was changing hands at 136,500 won (US$118) as of 9:20 a.m., above the IPO price of 136,000 won. Its market capitalization was some [...]