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 [...]
SEOUL, June 15 (Korea Bizwire) – Samsung Heavy Industries Co., a local shipyard, on Wednesday unveiled its detailed self-restructuring program which centers on a cut in workforce and having executives return part of their salaries. Earlier, the shipyard has said it will conduct a self-rehabilitation scheme worth 1.5 trillion won (US$1.27 billion), including asset sales [...]
SEOUL, June 15 (Korea Bizwire) – Dividend payments to the owners of South Korea’s top 10 conglomerates were tallied at 1.46 trillion won (US$1.24 billion) for the past five years, despite their firms’ sluggish earnings, data showed Wednesday. Samsung Electronics Co. Chairman Lee Kun-hee, South Korea’s richest man, topped the list with a total of [...]
SEOUL, June 15 (Korea Bizwire) – Cheil Worldwide Inc., the advertising unit of the Samsung Group, plans to raise its investment and hiring this year after its negotiations to sell a controlling stake to a French advertising giant fell apart, industry sources said Wednesday. The company, part of South Korea’s largest family-controlled conglomerate, plans to [...]
SEOUL, June 13 (Korea Bizwire) – Samsung Electronics has finally released a Batman-themed Galaxy S7 Edge called the ‘Injustice Edition’. And to no surprise, the 1,000 limited-edition models sold out just 10 minutes after they were released on Monday morning at 10 a.m. via Samsung’s online store. The company teamed up with Warner Bros. and [...]
SEOUL, June 10 (Korea Bizwire) – The names of the major smartphones that will be released later this year are stirring up interest in IT circles. Phone Arena, an IT website, announced that Samsung may name its next Note generation “7” for a synergy effect with its Galaxy S7, the best-selling smartphone of the year. A [...]
SEOUL, June 9 (Korea Bizwire) – Samsung Bioepis announced the results of clinical studies on its three biosimilars on June 8, 2016, at the Annual European Congress of Rheumatology (EULAR 2016 London) which is being held in London until June 11. The three biosimilars that are currently sold in Korea and Europe include BRENZYS (Benepali in [...]