SEOUL, Feb. 19 (Korea Bizwire) – South Korea’s customs office said on Friday it has unearthed 2.2 billion won (US$1.7 million) worth of forged smartphone accessories with Samsung and Apple logos. The Korea Customs Service said 41 suspects were booked without detention following its special crackdown kicked off in December, which discovered 38 cases of [...]
SEOUL, Feb. 19 (Korea Bizwire) - Samsung Electronics Co. and LG Electronics Inc. are likely to start domestic sales of their new flagship smartphones in March to meet soaring seasonal demand, heralding a fierce battle to win the hearts and minds of local users, industry sources said Friday. Industry leader Samsung’s presumed Galaxy S7 and LG’s [...]
SEOUL, Feb. 19 (Korea Bizwire) – Samsung Electronics Co. on Friday introduced a module that supports the Internet of Things (IoT) technology, paving the way for small and medium enterprises to speed up the development of IoT products. The module, dubbed ARTIK, is composed of various parts including an application processor, memory, sensors and a [...]
SEOUL, Feb. 17 (Korea Bizwire) – Samsung Electronics Co. said Wednesday it plans to use its prowess in smartphones and close partnerships to build up an ecosystem in the virtual reality (VR) sector. The move comes as Samsung Group’s top executives tested Gear VR devices during their weekly meeting in Seoul, reflecting the conglomerate’s efforts [...]
SEOUL, Feb. 17 (Korea Bizwire) – Samsung Electronics Co. on Wednesday introduced a new system chip that utilizes the ground-breaking 14-nanometer technology for better efficiency and could be used in a wider scope of electronic devices including budget smartphones. Samsung Electronics said it plans to begin the mass production of the Exynos 7 Octa 7870, [...]
SEOUL, Feb. 16 (Korea Bizwire) - Samsung Electronics Co., the world’s top smartphone vendor, released new teasers for its upcoming flagship smartphone on Tuesday, giving a detailed glimpse into the presumed Galaxy S7 for the first time. Samsung’s previous invitation card for the showcase event slated for Feb. 21 at 7:00 p.m. (Spain time) in Barcelona, [...]
SEOUL, Feb. 16 (Korea Bizwire) – Desperate to expand their global presence, South Korean and Chinese smartphone makers are likely to fight a pitched battle to steal the show at the world’s largest tech exhibition in Spain next week, industry watchers said Tuesday. The four-day Mobile World Congress (MWC) is slated to kick off in [...]
SEOUL, Feb. 10 (Korea Bizwire) – Samsung Electronics Co. is expected to reduce its facility investment in the chip business on-year in 2016, data showed Wednesday, while its rivals are estimated to expand their expenditures to catch up to the top player. According to the data compiled by industry tracker TrendForce, Samsung Electronics is estimated [...]
SEOUL, Feb. 3 (Korea Bizwire) - South Korea’s top tech firm Samsung Electronics Co. stood as the No. 1 player in the Indian smartphone market in 2015, data showed Wednesday, boasting strong sales from the mid-end segment to long-term evolution (LTE) models. The South Korean firm took up 25.7 percent of the Indian smartphone market in [...]
SEOUL, Feb.1 (Korea Bizwire) - LG Electronics Inc. was more profitable than Samsung Electronics Co. in the home appliance business in 2015 despite a huge gap in their overall revenue, industry data showed Sunday. According to the data, LG’s home entertainment and home appliance & air solution divisions chalked up an operating profit of 1.04 trillion [...]