SEJONG, Oct. 19 (Korea Bizwire) — South Korea’s government said Monday that it will join forces with Samsung Electronics Co. to develop precision manufacturing robots that could open new horizons for the local manufacturing sector. The plan calls for 16.75 billion won (US$14.8 million) worth of taxpayers’ money to be invested in the next three [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korea’s tech giant Samsung Electronics Co. ranked seventh in the world this year in terms of brand value, a global consultancy report showed Monday. According to the annual report compiled by Interbrand, Samsung Electronics came in seventh for this year, with its brand value estimated at US$45.3 billion. [...]
SEOUL, Sept. 29 (Korea Bizwire) – Foreign ownership of Samsung Electronics Co. has dropped below the 51 percent level for the first time in 14 months, market data showed Tuesday, as offshore investors continue to sell its shares due to a bleak earnings outlook. Foreign holdings of Samsung Electronics shares came to 50.76 percent as [...]
SEOUL, Sept. 23 (Korea Bizwire) – The Samsung Serif TV, a product resulting from collaboration between Samsung Electronics and furniture designers Ronan & Erwan Bouroullec, has been revealed at the London Design Festival. Samsung prepared a special exhibition at the always popular Somerset House, and will stage the Serif TV until September 27. The TV [...]
SEOUL, Sept. 15 (Korea Bizwire) — More than half of the smartphones to be sold around the globe will boast near field communication (NFC), a key technology in mobile payment, in 2016, a report showed Tuesday, casting a cloud over Samsung Electronics Co.’s latest mobile payment tool, Samsung Pay. The portion of NFC-equipped smartphones will reach [...]
SEOUL, Sept. 14 (Korea Bizwire) - Global TV shipments fell at the fastest clip insix years in the second quarter of the year, hit by the sluggish world economy and weaker currencies of emerging countries, industry data showed Sunday. Global TV sales stood at 48 million units in the April-June period, down 8percent from the same period a year earlier, according to the data by industry tracker IHS Technology. It [...]
SEOUL, Sept. 14 (Korea Bizwire) - Samsung Electronics Co. said Sunday it has teamed up with Spanish telecommunications titan Telefonica S.A. to launch an Internet Protocol TV (IPTV) service in Spain. Samsung Electronics explained that the joint service, which began last month, provides access to 119 TV channels and 30 audio channels. Unlike other IPTV services, it does not require a set-top box, which helps cut electricity [...]
SEOUL, Sept. 14 (Korea Bizwire) – A Japanese industrial parts maker and its local sales subsidiary were indicted here on price collusion charges against major South Korean electronics firms, prosecutors said Sunday. Japan-based Minebea Co. and its Korean unit are accused of colluding with another Japanese firm in fixing the price of small bearing products supplied to Samsung Electronics Co. and LG Electronics [...]
Samsung Card ran a pilot program for ‘Samsung Pay’, Samsung’s mobile payment system, with its members. Most users responded positively, as 86.4 percent reused the service. (Image : Samsung Pay Homepage) SEOUL, Sept. 8 (Korea Bizwire) – Samsung Card ran a pilot program for ‘Samsung Pay’, Samsung’s mobile payment system, with its members. Most users [...]
SEOUL, Aug. 25 (Korea Bizwire) – The Office of Postal Service of Korea (Korea Post) announced that it will release two special postage stamps featuring Lee Byung-chul of Samsung and Chung Ju-young of Hyundai on August 26. Korea Post selected the two late founders of Korean conglomerates among 12 candidates after deliberation by a postage stamp issuance committee [...]