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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…
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…
Samsung Electronics is expected to pay 16.8 trillion won ($15 billion) in corporate taxes this year, up 20.1 percent from a year earlier, due to its record earnings, its regulatory briefing showed Monday. It is expected to cough up 28.6 percent of its…
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…
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…
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…
Samsung Electronics Vice Chairman Lee Jae-yong’s first appearance in the field this year was to celebrate the start of production at a 5G network equipment factory Thursday. His field visit comes as the company puts more weight this year on the 5G…
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…
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…
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,…
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…
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,…
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…
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…
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…
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…
