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Tag: samsung electronics

Retail Asia20/02/2019
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Electronics

Samsung to invest more in education programs

3min0
Samsung Electronics will expand investments to develop youth education programs, it said Monday. The company’s three division heads sent an in-house broadcast to employees that day to share a newly set mission: “Enabling people,” which means to help people discover and develop their innate potential. A particular target will be put on developing programs for […]
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Retail Asia23/01/2019
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Electronics

Samsung spent $3.12M lobbying in U.S. last year

2min0
The American subsidiary of Korean tech giant Samsung Electronics spent $3.12 million on lobbying U.S. politicians and officials last year, the second-largest amount following 2017, data from a Washington-based research group showed Monday. Samsung Electronics’ lobbying expense was the ninth largest among electronics companies operating in the United States, moving up two notches from a […]
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Retail Asia14/01/2019
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Startups

Korean start-ups also shine at CES in Las Vegas

4min0
Industry big boys aren’t the only companies exhibiting at this year’s Consumer Electronics Show (CES). Over 1,200 start-ups have set up at the event’s Eureka Park, reserved for smaller companies, to capture the attention of consumers and possibly become the next unicorn (a start-up valued at over $1 billion). Of the start-up companies from Korea, […]
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Retail Asia14/01/2019
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Electronics

Samsung ranks second in 2018 U.S. patent grants

2min0
Samsung Electronics grabbed the No. 2 spot in U.S. patent grants among global corporate giants in 2018, industry data showed Thursday. Samsung Electronics, the world’s top smartphone and memory chip maker, received 5,850 U.S. patent grants last year, up 13 from the previous year, according to the data from IFI Claims Patent Services, provider of […]
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Retail Asia10/01/2019
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Electronics

Samsung ‘shock’ as profits start to droop

5min0
Samsung Electronics announced sharply lower earnings for the fourth quarter, an earnings “shock” that suggested that the “supercycle” in the global semiconductor market is nearing an end. Preliminary 2018 performance numbers released Tuesday predicted the local IT giant’s operating profit between October and December of last year would be 10.8 trillion won ($9.6 billion), down […]
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Retail Asia07/12/2018
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Electronics

Samsung Electronics gives stability a try

5min0
The CEOs of Samsung Electronics semiconductors, smartphones and consumer electronics divisions all kept their jobs in the company’s annual corporate reshuffle announced Thursday. Kim Ki-nam, head of Samsung’s device solutions division, which includes semiconductors, retained his position but has been promoted from president to vice chairman. Samsung’s semiconductor business has seen operating profit grow for […]
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Retail Asia06/12/2018
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Living

Samsung to support the Olympics through 2028

3min0
Samsung Electronics announced on Tuesday it will extend its partnership with the International Olympic Committee (IOC) through 2028, from the original 2020 end date of the collaboration. The two parties signed an agreement at a ceremony at the Hotel Shilla in central Seoul in the presence of IOC President Thomas Bach and Samsung Electronics Vice […]
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Retail Asia12/11/2018
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Telecom

Korea’s KT skips Huawei for 5G

4min0
KT has chosen Samsung Electronics, Ericsson and Nokia as suppliers of 5G network equipment. As expected, Huawei was excluded from the list.  “In choosing 5G equipment providers, the company considered a wide range of factors: the level of technology, investment costs and management stability based on the compatibility with the existing LTE network,” KT said […]
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Retail Asia25/10/2018
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Electronics

Samsung offers laptop with millennial style

4min0
Samsung Electronics introduced on Monday a laptop it believes will appeal to millennials.  The 13.3-inch computer, the Samsung Notebook Flash, has rounded key caps reminiscent of old typewriters. Its palm rest has a coarse fabric, not conventional metal, which feels comparatively warm, Samsung explained.  The new device is based on the Windows 10 operating system. […]
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Retail Asia22/10/2018
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Electronics

Samsung opens its incubation

5min0
Samsung Electronics is opening up its internal incubating program, C-Lab, to young entrepreneurs from outside the company, and it plans to help 300 of them over the next five years. It will incubate 200 internal start-up projects during the same period, bringing the total to 500 by 2023. Expanding support to start-ups is part of […]
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Retail Asia12/06/2018
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Electronics

Samsung tip has government investigating KIP

4min0
The Ministry of Trade, Industry and Energy has been investigating a Korean company over technology leakage overseas at the request of Samsung Electronics, sources said on Monday. The probe into KIP, a private company belonging to the Korea Advanced Institute of Science and Technology, started in April after Samsung Electronics reported the issue to the […]
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Retail Asia05/06/2018
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Electronics

Samsung Electronics shares jump on sale

4min0
Samsung Electronics shares shot up 2.42 percent on Thursday over the previous day to close at 50,700 won ($47), largely due to two of the chaebol’s financial affiliates selling their stakes in the tech giant on Wednesday. The market sees the sale as a step toward changing Samsung’s complicated governance structure. Samsung Group has been […]
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Retail Asia06/09/2017
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General

Seoul shares close slightly lower on geopolitical concerns

3min
South Korean stocks closed 0.13 percent lower Tuesday on concerns over North Korea’s nuclear provocations, but the decline slowed compared to previous sessions as investors engaged in bargain hunting, analysts said. The Korean won sharply fell against the US dollar. The benchmark Korea Composite Stock Price Index dropped 3.03 points, or 0.13 percent, to 2,326.62. […]
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Retail Asia12/12/2016
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General

South Korea worries about growing economic risks, amid impeachment push for President Park

5min
South Korea’ finance ministry said on Thursday it is concerned about further risks to the economy from “domestic issues”, as parliament prepares to hold an impeachment vote on South Korean President Park Geun-hye. The ministry did not explicitly point to the deepening political scandal surrounding Park in its monthly assessment of the economy, but said […]
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Retail Asia09/11/2016
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Electronics

Samsung offices in South Korea raided over corruption scandal

4min
South Korean prosecutors investigating a confidante of President Park Geun-hye for corruption have searched the offices of Samsung, according to local media. Samsung, the world’s largest manufacturer of smartphones, televisions and memory chips, is suspected of having secretly funded the sporting activities of the daughter of Choi Soon-sil, Park’s friend, it was reported on Tuesday. […]
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Retail Asia20/10/2016
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Electronics

Samsung to compensate suppliers hit by Note 7 crisis

2min
Samsung Electronics said Tuesday it would compensate suppliers hit by the decision to scrap its Galaxy Note 7 smartphones because of safety fears with exploding batteries. The South Korean electronics giant announced a week ago that it was discontinuing the Note 7 after a chaotic recall that saw replacement phones also catching fire. Samsung said the […]
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Retail Asia23/09/2016
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E-Tailing

Alibaba Group now Asia’s richest company

2min0
Alibaba Group Holding has surpassed Tencent Holdings and China Mobile in market capitalisation to become Asia’s richest company. Alibaba’s market value rose to US$261 billion in New York last week, overtaking Tencent’s US$255.98 billion capitalisation in Hong Kong on Thursday during a trading week shortened by a public holiday. China Mobile was the region’s third-largest […]
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