SEOUL, Feb. 26 (Korea Bizwire) – U.S. hedge fund Elliott Associates denied allegations Friday over a possible breach of local disclosure rules regarding Samsung C&T Corp., stressing a series of processes for its Samsung stake purchase were “perfectly legal.” Elliott made the claim ahead of a prosecution probe on suspicions that it illegally “parked” its [...]
SEOUL, Feb. 25 (Korea Bizwire) - Samsung Electronics Co. said Thursday it started the mass production of a 256-gigabyte (GB) memory chip for high-end smartphones, less than a year after it kicked off the 128-GB model. The South Korean tech giant said the new Universal Flash Storage (UFS) boasts speed that is nine times faster than [...]
SEOUL, Feb. 24 (Korea Bizwire) - South Korea’s financial authorities on Wednesday referred U.S. hedge fund Elliott Associates to state prosecutors for allegedly violating local disclosure rules when it tried to prevent a merger of two Samsung Group affiliates last year. The Securities and Futures Commission said Elliott abused the total return swap (TRS) system to [...]
SEOUL, Feb. 22 (Yonhap) - In the face of sagging global smartphone sales, Samsung Electronics Co. and LG Electronics Inc. are jostling to win back customers with new gadgets boasting much-upgraded cameras and the novel technology of virtual reality (VR). Samsung showed off its flat screen Galaxy S7 and curved screen Galaxy S7 Edge on Sunday [...]
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, [...]