SEOUL, June 9 (Korea Bizwire) – South Korea’s No. 1 tech firm Samsung Electronics Co. is forecast to see the combined sales of the Galaxy S7 and the Galaxy S7 Edge reach 15 million in the second quarter of this year, industry sources said Thursday. The sources estimate that Samsung’s combined shipments of the Galaxy [...]
SEOUL, June 6 (Korea Bizwire) – According to representatives from the home appliance industry, the market for electric vacuum cleaners is rapidly declining, to the tune of 2 million units annually. But amidst the decline, sales of robot and stick vacuum cleaners are on the rise. Since 2014, cordless vacuums have accounted for half of [...]
SEOUL, June 6 (Korea Bizwire) – Change is coming to Samsung, with its latest strategy part of efforts to transform itself into a developer and software-centered company. The company has recently instituted a ‘product ownership system’ in one of its wireless business departments. This pilot system is another portrayal of Samsung’s efforts to shift away [...]
NEW YORK, June 3 (Korea Bizwire) – Samsung Electronics unveiled two new fitness wearables – the Gear Fit2 and Gear IconX – at Samsung Marketing Center in New York City on June 2. The Gear Fit2 is a follow-up to the Gear Fit smartwatch released back in 2014. The new device is equipped with a [...]
SEOUL, May 31 (Korea Bizwire) – An appeals court ordered Samsung C&T Corp., the fashion and trading arm of South Korea’s top conglomerate, to increase the stock purchase price proposed to shareholders who were opposed to the company’s merger last year, court records showed Tuesday. Last year, Samsung C&T was formed out of a merger [...]
SEOUL, May 30 (Korea Bizwire) – The accumulated debt for Korea’s top 9 shipbuilding companies – companies with more than 1 trillion won in revenue – has exceeded 100 trillion won. According to chaebul.com Sunday, the top 9 companies’ debt exceeded 102.6 trillion won in 2015. The figure tallies up all debt from the 9 [...]
SEOUL, May 27 (Korea Bizwire) – Samsung will release a limited Batman Edition of its Galaxy S7 Edge in June. The company teamed up with Warner Bros. and DC Entertainment to celebrate the three-year anniversary of Injustice: Gods among Us, a mobile game application. Samsung will also offer a ‘special package’ comprised of a Batman [...]
SEOUL, May 27 (Korea Bizwire) – Samsung Electronics Co. showcased the Galaxy C5 and C7 smartphones in China on Thursday, in line with its efforts to speed up sales of budget handsets around the globe. The 5.2-inch Galaxy C5 and 5.7-inch Galaxy C7 boasts super active mode organic light-emitting diode (AMOLED) displays with metal bodies. [...]
SEOUL, May 26 (Korea Bizwire) – Organic light-emitting diode (OLED) display panels are forecast to replace liquid crystal display (LCD) panels for smartphones, as Apple Inc. and other smartphone makers are moving to equip their smartphones with OLED display panels, reports showed Thursday. The global shipments of OLED display panels are expected to soar to [...]
SEOUL, May 25 (Korea Bizwire) – South Korean top tech giant Samsung Electronics Co. hinted Wednesday that it may take a counteraction against Huawei Technologies Co. after the Chinese company launched lawsuits claiming Samsung’s infringement of its patents. Earlier, the Chinese firm brought two suits against the world’s top smartphone maker in the U.S. state [...]