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 [...]
SEOUL, Nov.30 (Korea Bizwire) – Samsung Electronics Co., one of the largest producers of computer chips, controlled more than 40 percent of the global solid state drive (SSD) market this year, outpacing rivals likeIntel Corp. and SanDisk Corp., industry data showed Sunday. According to market researchers IHS and DRAMeX change, Samsung’s market share hit a record 41 percent, 2.6 times larger than its closest rival Intel, which held 16 [...]
SEOUL, Nov.19 (Korea Bizwire) – The ‘original’ Black Friday is just 10 days away, drawing the attention of Korean ‘direct overseas shoppers’ as well as local consumers. After Black Friday, which falls on November 27, and Cyber Monday on November 30, huge sales will continue until the end of the year. During this period, consumers [...]
SEOUL, Nov. 19 (Korea Bizwire) – China expanded its share in the global TV market in the third quarter, narrowing the gap with No. 1 South Korea, industry data showed Thursday. Beijing took up 27.2 percent of the global TV market in the July-September period, up 2.3 percentage points from a quarter earlier, the data [...]
SEOUL, Nov. 19 (Korea Bizwire) – South Korea’s top conglomerate Samsung Group has shed more than 5,000 jobs over the past year, data showed Thursday, reflecting its struggle to cut costs amid a prolonged economic slump. The key affiliates of South Korea’s iconic conglomerate saw their combined workforce reach 212,331 as of end-September, compared with [...]