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 [...]
SEOUL, Dec. 21 (Korea Bizwire) – President Park Geun-hye vowed efforts to cultivate the local bio industry Monday, saying it will serve as a new growth engine for the country in the future “The government plans to continue strengthening its support to develop the bio-medicine industry as the core industry that spurs growth in our [...]
SEOUL, Dec. 18 (Korea Bizwire) - Samsung Electronics Co.’s new flagship smartphone, presumably the Galaxy S7, is set to be showcased at a tech exhibition slated for February, an industry source said Friday, with the device expected to put more emphasis on performance over design. The South Korean tech giant will reveal the new Galaxy at [...]
SEOUL, Dec. 16 (Korea Bizwire) – Samsung Electronics Co. said Wednesday it will roll out a new micro secure digital (SD) memory card with 128GB capacity that comes with a faster data transmission speed to handle Ultra HD video content. The South Korean tech giant, which released 32GB and 63GB editions of the PRO Plus [...]
SEOUL, Dec.14 (Korea Bizwire) – The majority of those who were promoted from rank and file workers to executive positions at the Samsung Group selected the new K7 from Kia Motors as their first company car. According to Samsung Group, 197 employees were promoted to executive positions on December 4. Company cars are provided to [...]
SEOUL, Dec. 4 (Korea Bizwire) - South Korea’s top conglomerate Samsung Group on Friday made the lowest number of executive promotions in six years as its flagship smartphone business and other affiliates are suffering a prolonged slump. Samsung Group said it has made 294 executive promotions, the lowest number since 2009, when the global economic crisis [...]
SEOUL, Dec. 2 (Korea Bizwire) – Samsung Electronics Co. introduced Wednesday the beta edition of a web browsing program for its virtual reality (VR) devices, allowing users to access more content online. The test edition of Samsung Internet for Gear VR will allow users of Samsung’s VR devices to stream various videos online and provide [...]