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 [...]
Seoul, July 23 (Korea Bizwire) – Samsung Electronics announced that they would be providing their 103 semiconductor partners with incentives worth a total of 14.2 billion won for the first half of the year. This is the largest incentive to be offered in the first half of the year, both in the number of target companies and [...]
“It is quite preposterous to win a case over Samsung in Korea. No one can win over Samsung in Korea and it was the expected result.” – Daum ID “cesiu****” “Elliott is very clever. It sued Samsung just to make a case for ISD. In the ISD, Samsung cannot be assured of winning.” – Naver [...]
SEOUL, Jun. 30 (Korea Bizwire) — Samsung Electronics has elongated the company’s parental leave period to two years from the current one year, and introduced a leave of absence system for self-development. The two measures will take effect on July 1. The company’s parental leave period was previously up to one year per child. A [...]
SUWON, Jun. 3 (Korea Bizwire) — Major companies in Gyeonggido are trying to block any spread of the MERS virus by allowing some employees to work at home, and sending others to quarantine. Groundless rumors are also spreading on workers’ SNS, adding more pressure for companies to act upon workers known to have been in direct [...]