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 [...]
SEOUL, Nov. 17 (Korea Bizwire) – Samsung Electronics on Tuesday pledged a US$500,000 donation to a U.S. charity organization for veterans and military families. The commitment to the Fisher House Foundation is the latest in a series of donations that the South Korean electronics giant has made in the U.S. for veterans and their families [...]
SEOUL, Nov. 13 (Korea Bizwire) – Samsung Electronics has taken first place for the second time in a row in an Italian survey on customer satisfaction of home electronics conducted by ‘Corriere della Sera’, Italy’s best-selling daily newspaper. Corriere della Sera conducted a survey on 20,000 consumers asking them how satisfied they were with the [...]
SEOUL, Nov. 11 (Korea Bizwire) – Samsung Electronics Co. and LG Electronics Inc., South Korea’s top two tech firms, said Wednesday that they have garnered international awards for some of their latest home appliances, mobile devices and memory chips. Samsung won the Best of Innovation award for a total of 38 products, including the most [...]
SEOUL, Nov. 9 (Korea Bizwire) – South Korean tech behemoth Samsung Group’s governance structure has been simplified by a series of mergers and asset sales, industry watchers said Monday, with the owner family solidifying its grip over the country’s No. 1 conglomerate. Samsung C&T Corp. was created in September as the group’s holding firm, which [...]
SEOUL, Nov. 3 (Korea Bizwire) - Samsung Electronics Co. showcased two Android-powered budget smartphones in India on Tuesday, in line with its efforts to solidify its presence in the South Asian country. The smartphones, the Galaxy On5 and On7, will come with a price tag of 8,990 Indian rupees (US$137.2) and 10,990 Indian rupees respectively, the [...]
SEOUL, Nov. 1 (Korea Bizwire) – The combined aggregate value of affiliates belonging to Samsung Group, South Korea’s largest family-run conglomerate, surged 38 trillion won (US$33.3 billion) in the past month, helped by so-called earning surprises in the third quarter, market data showed Sunday. According to market researcher FN Guide, six out of 11 listed [...]