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 [...]
SEOUL, Aug. 7 (Korea Bizwire) – Samsung Display has announced plans to invest an additional 230 billion won to enlarge manufacturing facilities in Vietnam. According to officials from Bac Ninh in northern Vietnam, Samsung Display received the approval of the Vietnamese government to increase their scale of investment from $100 million (120 billion won) to $300 [...]
SEOUL, Aug. 3 (Korea Bizwire) — South Korea’s tech giant Samsung Electronics Co. said Monday it has begun receiving pre-orders for its latest tablet PCs at home which will boast a slimmer and lighter size compared to their predecessors. The Galaxy Tab S2, which will come in two screen sizes, 9.7 inches and 8 inches, [...]
SEOUL, July 30 (Korea Bizwire) – The second quarter report from LG’s MC headquarters (in charge of smartphones) has been revealed. MC headquarters were said to be responsible for bringing down the stock price of LG Electronics. Cutting to the chase, it was a broke trade, where they sold a lot but didn’t get much [...]
SEOUL, July 29 (Korea Bizwire) – The share of Samsung Electronics dropped to a one digit number, ranking fifth in the Chinese smartphone market. The Chinese brands Xiaomi and Huawei ranked first and second, with Apple coming in next. According to the Chinese branch of IHS Technology, a market research institution, the market share of Samsung Electronics decreased to 9 [...]
SEOUL, Jul. 28 (Korea Bizwire) — South Korea’s top tech giant, Samsung Electronics Co., topped the Indian smartphone market in the second quarter of 2015, data showed Tuesday, on robust sales of its first Tizen-powered handset released earlier this year. Samsung accounted for 24.5 percent of the Indian smartphone market in the April-June period, hovering [...]
Seoul, July 28 (Korea Bizwire) - It has been reported that Elliott Management, an American hedge fund that filed lawsuits opposing the merger of Samsung C&T Corporation and Cheil Industries Inc., has returned its stockholder certificates for Samsung C&T Corporation, Samsung SDI and Samsung Fire Insurance to the Korea Securities Depository (KSD). Since the proposal to merge Samsung C&T [...]