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Samsung Introduces Internet Protocol TV Service in Spain

Samsung Introduces Internet Protocol TV Service in Spain

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 [...]

Japanese Firm Accused of Price Rigging in Korea

Japanese Firm Accused of Price Rigging in Korea

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 [...]

Post Office to Release Postage Stamps Featuring Two Founders of Korean Chaebols

Post Office to Release Postage Stamps Featuring Two Founders of Korean Chaebols

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 [...]

Samsung Display Plans Additional 230 Bln won Investment in Vietnam

Samsung Display Plans Additional 230 Bln won Investment in Vietnam

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 [...]

Samsung Smartphones Have a Hard Time in China

Samsung Smartphones Have a Hard Time in China

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 [...]

Elliott Returns Stockholder Certificate, All Eyes on the Possibility of Disposal

Elliott Returns Stockholder Certificate, All Eyes on the Possibility of Disposal

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 [...]