SEOUL, July 8 (Korea Bizwire) – The gap in the operating profit margins of South Korean tech giant Samsung Electronics Co. and its U.S. rival Apple Inc. is estimated to have further narrowed to single-digit percentage points in the second quarter of this year, market data suggested Friday. Samsung Electronics estimated Thursday that its sales [...]
SEOUL, July 7 (Korea Bizwire) – Samsung Electronics Co., the world’s largest memory chip maker, on Thursday rolled out the industry’s first removable data storage card that is five times faster than that of the conventional micro SD card. The Universal Flash Storage (UFS) card with 250 gigabytes (GB) of storage can be used in [...]
SEOUL, July 7 (Korea Bizwire) – South Korea’s top tech firm Samsung Electronics Co. estimated Thursday that its second-quarter operating income increased more than 17 percent from a year earlier on the back of robust sales of its flagship smartphones such as the Galaxy S7 series. Operating profit is estimated at 8.1 trillion won (US$6.98 [...]
SEOUL, July 1 (Korea Bizwire) – “Samsung Group chairman Lee Kun-hee dies. Expecting announcement at 3 p.m. Embargo.” An unidentified tip announcing the death of one of Korea’s most revered business moguls shocked the Korean stock market which ran rampant across social media on June 30. The rumor of the death of Korea’s richest (Forbes [...]
SEOUL, June 28 (Korea Bizwire) – Samsung Electronics revealed its ‘Serif TV DecoTem Project’ Tuesday, in which professional designers came up with various home decor items (hence DecoTem) that could pair well with the company’s Serif TV. Samsung’s Serif TV, released in 2015, was designed by the famous Ronan and Erwan Bouroullec brothers, and was [...]
SEOUL, June 28 (Korea Bizwire) – Samsung Electronics is switching from its current seven-tier rank system to a simpler four-tier scheme. All employees will now address each other by Mr. or Ms., and not their job titles. On Monday, June 27, the company announced a revised HR management plan that focuses on simplifying its rank system [...]
SEOUL, June 24 (Korea Bizwire) – Samsung Electronics Co.’s newest wearable fitness tracker went on sale in South Korea on Friday, featuring multiple functions like a “personal trainer.” The Gear Fit 2 got off to a smooth start, drawing largely positive feedback from consumers and media. The sporty and stylish wrist band has an embedded [...]
SEOUL, June 21 (Korea Bizwire) – Samsung Electronics on Tuesday released an upgraded version of its budget tablet series called the 2016 Galaxy Tab A. The Android-based tablet features a 10.1-inch full HD-level display, a 1.6 GHz octa-core processor, 2GB of RAM and a microSD card slot for up to 200GB of removable storage. It [...]
SEOUL, June 16 (Korea Bizwire) – South Korean tech giant Samsung Electronics Co. said Thursday it has acquired U.S. cloud service company Joyent Inc. to cope with rising demand for cloud platform services. Joyent, a San Francisco-based cloud provider, has come under Samsung’s wing as of Wednesday (U.S. time), the South Korean tech firm said [...]
SEOUL, June 16 (Korea Bizwire) – Samsung Display Co., an affiliate of tech giant Samsung Electronics Co., dominated the global small and mid-size active mode organic light-emitting diode (AMOLED) display market in the first quarter of the year, industry data showed Thursday. The South Korean panel cemented its supremacy with a 30.6 percent presence in [...]