-
March 10, 2022
Loyal Samsung investors cash out as shares retreat
Market bellwether Samsung Electronics, whose shares are practically held by one out of every 10 South Koreans, is suffering from an army of once-loyal investors dumping shares out of disappointment o...mber. Regulatory filings, revealed Tuesday, showed some 120,000 retail investors sold ...
-
March 10, 2022
No. of female outside board members at large companies grows, but few CEOs
... conglomerates, started as rank-and-file staff and climbed the corporate ladder. Other major conglomerates such as Hyundai Motor Group, SK, LG, Lotte and GS don’t have women CEOs at all. Although Samsung’s Hotel Shilla Lee Bu-jin holds president and CEO roles and Shinsegae’s Chung Y...
-
March 10, 2022
Fair-trade watchdog likely to investigate Samsung over ‘GOS’ scandal
South Korea’s antitrust watchdog is expected to investigate Samsung Electronics over a complaint that the company has exaggerated the performance of its Galaxy smartphones. According to industry sou...the FTC, the watchdog is likely to launch a preliminary investigation soon and look in...
-
March 10, 2022
Russia’s new bond rules pile pressure on Korean firms
...llar immediately started reviewing the impact, raising concerns that the new measure could eventually lead to a default. Russia may not be a major market for many Korean firms, but big names like Samsung Electronics and Hyundai Motor have poured considerable resources into securing a f...
-
March 10, 2022
S. Korean stocks tumble, currency weakens as oil prices surge
... Ah-min said. “The pressure on global energy prices in the near future is closely tied with how central banks around the world will play out their monetary policy normalization.” Market behemoth Samsung Electronics fell below 70,000 won and closed 0.86 percent lower from the previou...
-
March 08, 2022
Women still earn 38% less than men
...maceutical (58 million won) sectors also showed above-average salaries for women. Among individual companies, there were eight companies where the average pay for females exceeded 80 million won. Samsung Electronics at 97.72 million won was the highest-paying company for women, followe...
-
March 08, 2022
Samsung Electronics under fire for forcing smartphone-slowing software on users
Samsung Electronics is facing accusations that it exaggerated the performance of its flagship smartphone Galaxy S22 series. The controversy revolves around an application called game optimizing serv...avy-resource apps as well, without telling users. Infuriated users are crying foul, arg...
-
March 08, 2022
Kospi drops 2 percent, Samsung shares rattled
South Korea’s benchmark Kospi fell some 2 percent on Monday, with market behemoth Samsung Electronics dropping below the 70,000 won-mark ($57.03) at one point, rattled by the escalating war in Ukrain...t 960 billion won. Retail investors, meanwhile, bought a net 2.1 trillion won. Marke...
-
March 08, 2022
S. Korea halts transactions with Russia’s central bank
...cision of SWIFT sanctions on Russia, it will be difficult for the Korean carmaker to export as it did in the previous years. Some 450 billion won of loss is expected for Hyundai Motor Group,” said Samsung Insurance’s EV and mobility researcher Yim Eun-young. Posco International, the ...
-
March 08, 2022
Samsung joins Russia sanctions, donates $6m to Ukraine
Samsung Electronics has suspended its shipments to Russia and donated $6 million to Ukraine, according to industry sources Sunday. The South Korean tech giant has become the latest multinational fir...vices and products to Russia, including blocking access to Samsung Pay, ...
-
March 04, 2022
[MWC 2022] Korean telcos ready to set new standard in 5G network
...cost burden on the telco,” Lee told reporters. Nokia and Ericsson-LG have both supplied their products to network infrastructure of Korean carriers KT and SK Telecom. Another partner of the two, Samsung Electronics’ network division, did not unveil new equipment at MWC 2022 as it di...
-
March 04, 2022
[MWC 2022] Science Minister signs MOU with GSMA for metaverse cooperation
...form, apps that work on the metaverse, and head-mounted display headsets at the four-day convention. During her visit to Barcelona, Lim met key representatives of Korean exhibitors. They included Samsung Electronics Chief Executive Officer Han Jong-hee and SK Telecom President and CEO ...
-
March 04, 2022
Samsung Electronics memory chip fastest in the world
Samsung Electronics said Thursday that its next-generation memory chip set a world record on speed. According to the South Korean tech giant, its LPDDR5X memory chip operated at 7.5 gigabits per sec...r technology, cutting power consumption by 20 percent. “Based on our partnership with...
-
March 03, 2022
Korea strives to placate US after ‘belated’ sanction
...nternet on Monday. An exemption is significant given that Russia is the 10th-largest trade partner of Korea as of 2021. Cars, automobile parts and steel make up about half of Korean shipments to Russia. Among the Korean companies which have made inroads into Russia are Samsung Electro...
-
March 02, 2022
[MWC 2022] Samsung CEO hints at XR comeback for metaverse trend
BARCELONA, Spain -- Samsung Electronics CEO Han Jong-hee has hinted at making a comeback to the global extended reality headset market with a new device that works on metaverse platforms, signaling a... since 2014 in partnership with Samsung, and allowed the devices to be compat...
-
March 02, 2022
[MWC 2022] Samsung’s mobile head declares end of Galaxy Note
BARCELONA, Spain -- Samsung Electronics will discontinue its phablet Galaxy Note series to make way for the high-end Galaxy S22 Ultra lineup, Samsung’s mobile business head said Monday. “The Ultra l...usiness at Samsung Electronics, told reporters at Mobile World Co...
-
March 02, 2022
[MWC 2022] SKT CEO bets future on metaverse, AI chip, quantum cryptography
...erican and Asian countries. The company also applied quantum cryptography technology to its 221-kilometer-long 5G network in 2019, which it claims it was the first to do so. In collaboration with Samsung Electronics, SKT rolled out the world’s first quantum cryptography smartphone Gal...
-
March 02, 2022
MWC back in full swing to offer new connected experience
... kicked off its four-day run in Barcelona, Spain, on Monday, with big-name exhibitors, including Samsung Electronics and Google, returning to flaunt their latest technologies and products. The annual... As always, South Korea is one of the key participating countries, with 53 companie...
-
March 02, 2022
Deaths from safety accidents down after new industrial law
...pared to seven deaths that took place in the fourth quarter of 2020. KCC E&C, Kukdong E&C, and Sambu Engineering recorded the highest deaths at two each. Eleven other construction firms including Samsung C&T, Hyundai E&C, Hyundai Engineering, DL ENC, Tae Young E&C, Halla E&C, and Ssang...
-
March 02, 2022
[MWC 2022] Samsung unveils Galaxy Book2, virus-proof laptop with stronger Wi-Fi
Samsung Electronics Monday released Galaxy Book2 Business, a laptop mounted with Microsoft and Intel’s anti-virus programs and advanced 6E Wi-Fi, targeting remote workers who remain vulnerable to cyb...2 Pro 360 is priced starting at $1,249.99. For consumers looking for regular clamshel...
December 25, 2024
