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April 21, 2022
Samsung plans April launch for Galaxy Quantum 3
Samsung Galaxy Quantum 3, the latest midrange 5G smartphone powered by a chipset with quantum cryptography technology, is poised to start shipping on April 26 in South Korea, domestic mobile carrier ...age. “These days, smartphones are playing a pivotal role in financial transactions, w...
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April 20, 2022
Samsung offers pickup repair service in Ukraine
Samsung Electronics is offering free pickup and delivery repair services for customers in war-torn Ukraine. According to its Ukraine unit on Tuesday, the Korean tech giant will pick up mobile device...areas where its service centers cannot operate, then deliver the devices to their homes...
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April 19, 2022
Retailers hope for sales recovery as social dstancing rules removed
...to travel rather than buying clothing and accessories, fashion companies are still forecasting high sales in brands that target millennials and Generation Z -- those born from the 1980s onward. A Samsung C&T Fashion Group official said that the company’s brands targeting millennials a...
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April 18, 2022
Is Arm M&A still a pipe dream?
...ons; and Intel’s SSD and NAND operations, now branded as Solidigm. Some of these deals have proven to be lucrative. SK hynix rose to become one of the top three memory chip powerhouses along with Samsung Electronics and Micron. SK is also looking to float SK Shieldus up to a 3.5 trill...
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April 18, 2022
CJ Logistics to raise W740b fund to bolster fulfillment network
... up to 740 billion won ($602 million) to construct major fulfillment centers in the metropolitan area, accelerating its e-commerce business. The firm will first raise 250 billion won in cash with Samsung SRA Asset Management, the real estate investment arm of Samsung Group, a...
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April 15, 2022
[Weekender] Back to normal?: ‘It will never be the same’
...could work sometimes at home, while 41.7 percent said they preferred permanent remote work 5 days a week. Only 2.1 percent responded they prefer working in the office. Major conglomerates such as Samsung Electronics and Hyundai Motor are maintaining remote working for at least 50 perce...
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April 15, 2022
Ex-minister, pension fund chief convicted over roles in controversial Samsung merger
...head of the National Pension Service, over their roles in the controversial $8 billion merger of Samsung affiliates in 2015. The final ruling came over five years after the two were indicted on charg...er of Samsung C&T with over 10 percent stake, into casting a vote in favor...
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April 13, 2022
Korean electronics firms wary of impact from Chinese lockdowns
...ockdown of other cities including Shanghai in March, further dampening demand for IT products since the Chinese New Year holiday,” Nam noted, referring to the lockdown in central China that caused Samsung Electronics chip operation to be suspended for a month. Since March 28, when Sha...
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April 12, 2022
Samsung resumes in-person gatherings, business trips as COVID rules eased
Samsung Electronics said Monday it has eased a set of coronavirus rules for its office in South Korea as COVID-19 infections are on a steady decline. Effective Monday, the tech titan -- dedicated to...ts and business travels will partially resume,” a Samsung Electronics spokes...
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April 12, 2022
Samsung Biologics secures W3.2tr via new shares issued
Contract manufacturing giant Samsung Biologics has raised 3.2 trillion won ($2.6 billion) through issuing new shares, allowing the company to secure capital needed for the buyout of Samsung Bioepis’ ...ilar and new drugs with the buyout of Samsung Bioepis’ stake. Fo...
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April 12, 2022
Samsung hires governance specialist in renewed ESG push
Samsung Electronics has recently hired Daniel Oh, a corporate governance specialist who worked for Institutional Shareholder Services and BlackRock, as an executive vice president at its global inves...elations team. According to the tech giant’s business report Monday, Oh, 48, started ...
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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...onics common shares on the stock market, meaning nearly 1 in 4 retail investment dollar...
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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... in the second quarter to DRAM in the third quarter, rising chip prices will drasticall...
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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 unfavo...he S22 series is on a smooth ride as it has maintained initial sales momentum since i...
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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 fro... materials for chips. The tech giant has supported local researchers and their work th...
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April 04, 2022
Equity, bond funds remain sluggish over fears of rate hikes
...t year, pushing up the benchmark rate to the current 1.25 percent. “The bond market has weakened due to the Ukraine crisis, which has fueled the price of raw materials and concerns of inflation,” Samsung Securities analyst Kim Ji-man said. “The market is likely to see high volatili...
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April 04, 2022
65% of young adults choose ethical consumption over price
..., more than half, or 51.3 percent, chose transparent and ethical management. Job creation followed at 28.9 percent and environmental protection came No. 3 with 13.2 percent. The respondents chose Samsung, SK, LG, Ottogi, Yuhan-Kimberly, Pulmuone and Hyundai Motor as among the top ESG-c...
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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, a CEO in ...
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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...d speculation that Samsung was still struggling to secure panels...
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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 in New Jer...
December 25, 2024
