SEOUL, April 18 (Korea Bizwire) – Samsung Group slashed more than 10,000 jobs last year, the biggest cuts among South Korea’s top 30 conglomerates, according to data from CEO Score, a market research firm. While many of the job losses resulted from the sale of Samsung’s petrochemical and defense businesses, the nation’s largest company is [...]
SEOUL, April 5 (Korea Bizwire) – Televisions produced by small and medium-sized companies are becoming popular for their unique value proposition of a high-quality image at a reasonable price. According to online shopping site Tmon (www.tmon.co.kr), the Q1 sales of TVs manufactured by small-size domestic companies increased by 63 percent year over year. As a [...]
SEOUL, April 5 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it has commenced the mass production of the industry’s first 10-nanometer level dynamic random access memory (DRAM) chips, speeding up its dominance in the segment. The South Korean giant said it is producing 8-gigabit DDR4 chips through 10-nanometer-level technology, a breakthrough which came around two [...]
SEOUL, April 1 (Korea Bizwire) – LG‘s new smartphone, which was launched on March 31, is drawing attention as its ancillary devices are more expensive than the phone itself. A customer would have to spend two million won to purchase the new G5 accompanied by its five ‘friends’ (accompanying devices). According to industry reports, the lowest [...]
SEOUL, March 29 (Korea Bizwire) – IBM’s Watson artificial intelligence (AI) system has selected globally ‘hot’ products, with the world’s interest in AI increasing following the epic Go match between Google Deep Mind’s AlphaGo and professional Go player Lee Se-dol. Previously, there have been many cases in which consumer reports, journals or market assessment bodies selected products [...]
SEOUL, March 17 (Korea Bizwire) – The South Korean government announced Thursday it would spend 1 trillion won (US$840 million) by 2020 to boost the artificial intelligence industry. It also plans to support the civilian-led establishment of a high-profile research center tasked with serving as a “pivot” of the nation’s research and development in the field. [...]
SEOUL, March 9 (Korea Bizwire) – South Korea’s industry ministry said Wednesday it will make efforts to provide Samsung Electronics Co. with a stable power supply to its new factory under construction in Pyeongtaek, Gyeonggi Province, in line with its efforts to eradicate hurdles in corporate investment. The remark came as the South Korean tech giant [...]
SEOUL, March 7 (Korea Bizwire) – Samsung Electronics Co. continued to sit on the throne of the world’s NAND flash market in the fourth quarter of 2015, data showed Sunday, expanding the gap with other smaller rivals around the globe. The South Korean tech giant accounted for 33.6 percent of the market in the October-December period, [...]
China-based tech giant Xiaomi Inc., which has been sluggish in tapping overseas markets due to copyright-related issues, is set to speed up its expansion with a new flagship, industry sources said Thursday, engaging in new battles with top brands like Samsung and Apple in South Korea. (Image : Yonhap) SEOUL, March 3 (Korea Bizwire) – [...]
SEOUL, March 2 (Korea Bizwire) – South Korea’s top tech firm Samsung Electronics Co. said Wednesday it has joined forces with U.S. commerce giant Amazon.com Inc. to apply Internet-of-Things (IoT) technology to its printers. Users of Samsung-made printers in the United States can set their products to automatically order ink using a mobile app that [...]