SEOUL, Jan. 29 (Korea Bizwire) - Samsung Electronics Co. saw its presence in the Chinese smartphone industry fall on-year in 2015, data showed Friday, as local players continued to garner larger slices of the market. The South Korean tech giant, which stood as the No. 3 player in the Chinese market in the fourth quarter of [...]
SEOUL, Jan. 19 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it has started the mass production of new dynamic random access memory (DRAM) chips, targeting the high performance computing segment that covers super computers and big-data cloud services. The new product, dubbed the second generation of 4-gigabyte (GB) high bandwidth memory DRAM, or HBM2 [...]
SEOUL, Jan. 14 (Korea Bizwire) – Samsung Electronics Co. said Thursday it has delivered a letter of apology to the families of its workers who fell ill or died from working at its facilities, claiming that the eight-year-long dispute has came to an end. “On Thursday, Samsung Electronics Vice Chairman Kwon Oh-hyun met with [...]
SEOUL, Jan.13 (Korea Bizwire) – Samsung Electronics announced that its ‘Milk’ music streaming service has surpassed the 30 million download mark worldwide. After its release in the American market in March 2014, ‘Milk’ is now being offered in Korea, China, Australia, New Zealand and Malaysia, providing music streaming services. Through a streaming radio service, users [...]
SEOUL, Jan. 13 (Korea Bizwire) – Samsung Electronics Co. on Wednesday said it will start sales of the new Galaxy A series in South Korea later this week that comes with Samsung Pay, a mobile payment tool that previously only supported high-end models. The Galaxy A5 and the Galaxy A7 will hit store shelves Thursday [...]
SEOUL, Jan. 12 (Korea Bizwire) – Samsung Electronics Co. agreed Tuesday with victims of leukemia and other work-related diseases to ramp up efforts to improve working conditions at its plants in order to prevent workplace disasters. The deal, signed by representatives from Samsung Electronics and two groups representing the victims and their families, calls for [...]
SEOUL, Jan. 8 (Korea Bizwire) – South Korean tech giant Samsung Electronics Co. reported forecast-missing quarterly profit on Friday as sales of smartphones and memory chips remained sluggish. Samsung said it probably posted an operating profit of 6.1 trillion won (US$5.08 billion) in the October-December period, up 15.3 percent from the 5.2 trillion won a [...]
SEOUL, Dec. 29 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it has commenced the industry’s first mass-production of all-in-one bioprocessors that can be applied to various health care smart devices to collect users’ biological information. The Samsung Bio-Processor, also dubbed “S3FBP5A,” will be used to measure different health care information, such as body fat, [...]
SEJONG/SEOUL, Dec. 28 (Korea Bizwire) – South Korea’s antitrust watchdog Sunday said the intra-group merger and acquisition (M&A) deal by Samsung affiliates strengthened banned cross-shareholding ties within the conglomerate that need to be resolved. According to the Fair Trade Commission (FTC), the merger between Cheil Industries Inc. and Samsung C&T Corp. on Sept. 1 reduced [...]
SEOUL, Dec. 24 (Korea Bizwire) – This year has been a busy period for the top family-controlled conglomerate in South Korea, the Samsung Group, especially due to its struggle to pave the way for the coronation of a new generation. The head of the Samsung Group was hospitalized in early 2014. With the absence of [...]