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Samsung Denies Lay-Off Rumors in India

Samsung Denies Lay-Off Rumors in India

SEOUL, Oct. 23 (Korea Bizwire) – While Indian media have reported that the local subsidiary of Samsung Electronics will be reducing its number of employees by five percent, the tech giant has responded that it is actually looking to hire more employees. The Indian Daily Economic Times reported that the Indian corporate body of Samsung [...]

Samsung Tops Global Smartphone Market Share in Q3

Samsung Tops Global Smartphone Market Share in Q3

SEOUL, Oct. 21 (Korea Bizwire) – South Korean tech giant Samsung Electronics Co. trumped rivals in the global smartphone market in the third quarter, while its annual sales are likely to drop on-year largely due to stiffer competition from Chinese makers, a report said Wednesday. Samsung, the world’s top smartphone maker, retained its top spot [...]

Samsung, LG Tap Battery Bbiz for Wearables

Samsung, LG Tap Battery Bbiz for Wearables

SEOUL, Oct. 20 (Korea Bizwire) – Samsung SDI Co. and LG Chem Co., South Korea’s two major battery makers, are expanding their product portfolios into flexible cells for wearable devices, a move seen to meet increasing global demand for bendable gadgets such as smartwatches. The two battery-making units of Samsung Group and LG Group said [...]

Gov’t, Samsung to Back Development of Manufacturing Robots

Gov’t, Samsung to Back Development of Manufacturing Robots

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 [...]

Samsung Electronics Ranks 7th in Global Brand Value: Report

Samsung Electronics Ranks 7th in Global Brand Value: Report

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. [...]

Foreign Investors Pull out of Samsung Electronics Ownership

Foreign Investors Pull out of Samsung Electronics Ownership

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 [...]

Worldwide TV Sales See Faster Decline in 6 Years

Worldwide TV Sales See Faster Decline in 6 Years

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 [...]