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 [...]
SEOUL, Nov. 7 (Korea Bizwire) – Samsung Electronics Co., is seeking to adopt a voice-based digital assistant for its next flagship device, the Galaxy S8, an executive said, as the world’s largest manufacturer of smartphones is struggling to recover and woo back customers following the Galaxy Note 7 debacle. “The Galaxy S8 will be our [...]
SEOUL, Oct. 27 (Korea Bizwire) – Samsung Electronics Co. said Thursday its third-quarter operating profit slipped 29.6 percent from a year earlier, mainly hit by the discontinuation of the Galaxy Note 7 smartphone over safety concerns. The world’s largest maker of smartphones said its operating profit for the July-September quarter stood at 5.2 trillion won [...]
SEOUL, Oct. 26 (Korea Bizwire) – Samsung Electronics Co. said Wednesday it will launch its mobile payment service, Samsung Pay, in Russia, Thailand and Malaysia later this year, bringing the service to a total of 10 countries. The South Korean tech giant said it will form a partnership with Mastercard to offer a simplified online [...]
SEOUL, Oct. 24 (Korea Bizwire) – Samsung Electronics Co. said Monday it is offering a special upgrade program for owners of the Galaxy Note 7 smartphone in South Korea who swap the fire-prone device for the Galaxy S7 or the S7 Edge smartphone. The program allows South Korean owners of the Note 7 who exchange [...]