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April 11, 2022
Samsung Electronics remains favorite pick among retail stock investors
Despite the recent bearish price movement, South Korean tech titan Samsung Electronics remained a favorite pick among retail stock investors in hopes of a price rebound of the market bellwether. Fro...ontrast with the fall of the Samsung Electronics share pr...
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April 10, 2022
Samsung poised to beat earnings estimates in Q1
Samsung Electronics said Thursday it was highly likely to report its best quarterly earnings in the first quarter this year on upbeat sales of memory chips and smartphones. According to its earnings guidance, the tech giant projected its operating profits at 14.1 trillion won (...
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April 07, 2022
After GOS scandal, Samsung touts Galaxy S22 sales, calls it ‘smooth ride’
Samsung Electronics said Wednesday its latest smartphone, the Galaxy S22, is highly likely to see 1 million unit sales at home this week, labeling its sales performance a “smooth ride” despite unfavorable market conditions such as supply chain constraints and slowing domestic ...
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April 06, 2022
From anti-aging to chip materials: Samsung funds futuristic projects
Samsung Electronics and its tech foundation said Tuesday they are spending a combined 48.65 billion won ($40 million) this year to fund 27 new research projects on futuristic technologies ranging from anti-aging to new materials for chips. The tech giant has supported local res...
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April 04, 2022
Samsung CEO tells staff to ‘call me by my initials’
Samsung Electronics is one of many South Korean companies who have taken on reforming the use of honorific titles in the workplace, aiming for a more horizontal culture and removing hurdles that migh...nes, TVs and home appliances business in December, along with Kyung Kye-hyun,...
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April 01, 2022
Rare alliance between Samsung, LG imminent in OLED TVs: sources
A rare partnership between crosstown rivals Samsung and LG seems imminent, as they are finalizing talks on LG’s panel supply for Samsung’s upcoming OLED TVs, industry sources said Thursday. “Until e... Now when OLED TVs make up almost 40 percent of premium TV sales globally ...
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March 30, 2022
[Herald Interview] Samsung CEO’s apology over GOS throttling not enough: US lawyer
A public apology delivered by a Samsung Electronics CEO earlier this month and a software update are not enough to conciliate customers and soothe their anger, a US attorney has claimed, urging the t...hone and battery performance, said David Buchanan, a partner at Seeger Weiss ...
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March 29, 2022
First-quarter outlook upbeat for Samsung, SK hynix
Samsung Electronics and SK hynix, the world’s top two memory chipmakers, are projected to post record first-quarter earnings this year over rising chip prices and robust demand, Yonhap Infomax, a local financial data tracker, said Monday. According to earnings consensus among ...
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March 28, 2022
Korean conglomerates delve into digital asset market
...telco firms in Europe, Asia and the Middle East for such collaboration. Also, on Thursday, LG Electronics shareholders approved revisions to the articles of incorporation to add blockchain and virtua...ppliance manufacturer to explore use cases of the Hedera Hashgraph distributed ledge...
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March 25, 2022
Samsung chief’s mother sells stakes to pay taxes
Hong Ra-hee, Samsung Electronics Vice Chairman Lee Jae-yong’s mother, reportedly sold her shares in the company worth 1.3 trillion won ($1.06 billion) in a block trade Wednesday, the latest stake sal...Seo-hyun, director of the Samsung Welfare Foundation – sold their...
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March 23, 2022
Samsung heiresses to raise W400b in big share sales to pay tax
Samsung Group’s two heiresses are reportedly seeking to raise about 400 billion won ($327 million) by selling their shares in Samsung SDS, the IT solutions unit, possibly in a move to secure funds to...ercent discount on the closing price. Even though the sellers were not reve...
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March 22, 2022
Apple supplier to acquire LG’s in-car wireless charging business
BH, a local display parts supplier for Apple and Samsung Electronics, said Monday it is in talks with LG Electronics to acquire the tech giant’s in-car wireless smartphone charging business. “Discussions are underway to acquire the in-car wireless smartphone chargin...
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March 18, 2022
Ex-Samsung VP convicted for union busting
The Supreme Court on Thursday upheld an additional 16-month jail sentence to former Samsung Electronics Vice President Kang Kyung-hoon for his attempts to break up a labor union in South Korea‘s largest conglomerate. This is the final court ruling that found the executive guil...
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March 18, 2022
Samsung SDI hints at new EV battery plant in US
Samsung SDI CEO Choi Yoon-ho on Thursday hinted at the possibility of building its own plant in the US, a burgeoning market for electric vehicles where the company is setting up a joint venture with ...in talks with multiple carmakers for possible partnerships other than Stellantis.” Ch...
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March 17, 2022
'Samsung’s India deal won’t affect Chinese home appliance plants’
Samsung Electronics’ latest announcement to invest 15.88 billion rupees ($207.8 million) to set up a new refrigerator parts plant in India will not affect its household appliance factory operation in Jiangsu province, China, according to the consumer electronic goods company We...
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March 17, 2022
Renault‘s Korean unit carves out Samsung from its brand name
Renault’s Korean unit announced Wednesday that it has started the process of removing Samsung from its name and rebranding itself as Renault Korea Motors. The carmaker explained that it hopes to enh... ditching the Samsung label is seen as a process to put an end to its 23-yea...
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March 17, 2022
SK Siltron to spend W1tr on new 300 mm wafer plant
...onstruction in the first half at a 42,716-square-meter site in Gumi, North Gyeongsang Province, and create more than 1,000 jobs there. SK Siltron, which supplies to the country’s chip powerhouses Samsung Electronics and SK hynix, aims at starting mass production in the first...
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March 15, 2022
What to expect from Samsung’s shareholder meeting
Samsung Electronics will hold an annual meeting of shareholders on Wednesday, amid complaints growing over performance issues of its latest Galaxy phones and falling stock prices that failed to reflect the world’s top smartphone and chip maker’s robust earnings. The key agend...
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March 11, 2022
Chaebol reform not on Yoon’s agenda
...utor. As a prosecutor, Yoon was once called the “grim reaper” of the chaebol as he investigated and indicted leaders of the country’s major conglomerates. In 2017, Yoon filed a warrant to detain Samsung Electronics Vice Chairman Lee Jae-yong on bribery charges during a sp...
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March 10, 2022
Ex-Samsung mobile chief highest-paid exec last year
Samsung Electronics’ former mobile business chief Koh Dong-jin was the highest-paid executive at the Korean tech giant last year, according to the firm’s regulatory filing Tuesday. Koh, who has stepped away from daily operations to assume an advisory role, took home an annual...
November 26, 2024
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