SEOUL, July 12 (Korea Bizwire) – Samsung Electronics revealed Tuesday that it would start operating Galaxy S7 experience centers at major beaches and water parks across Korea. The centers will feature various mobile Olympic sports games marking the upcoming Rio 2016 Summer Olympics, for which Samsung is among the official sponsors. They will also present [...]
SEOUL, July 12 (Korea Bizwire) – South Korea’s top conglomerate Samsung Group said Tuesday that its future technology will center on artificial intelligence (AI) and the Internet of Things (IoT). Of 32 research projects spearheaded by the group between 2014 and 2016 which are aimed at accelerating technology innovation, six were related to AI, the [...]
SEOUL, July 8 (Korea Bizwire) – Samsung Electronics unveiled the ‘Galaxy S7 Edge Olympic Games Limited Edition’ on July 7 in Sao Paulo, Brazil. The limited edition phone is mostly black, with a hint of yellow on the front, red and green on the sides, and blue on the back representing the symbolic colors of [...]
SEOUL, July 8 (Korea Bizwire) – Lim Woo-jae, the former vice president of Samsung Electronics who reportedly filed for divorce from Lee Boo-jin at the Seoul Family Court on June 29, is suing for a 1.2 trillion won ($1.04 billion) settlement from his ex-wife, who is the former CEO of Hotel Shilla and daughter of Samsung [...]
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 [...]