SEOUL, Jun. 7 (Korea Bizwire) – On the 31st anniversary of Samsung’s famous “New Management” declaration by its late chairman, Lee Kun-hee, a sense of crisis is gripping the tech giant as it grapples with declining profits and an unprecedented labor dispute. Since Lee’s groundbreaking speech in Frankfurt in 1993, where he warned that Samsung risked [...]
SEOUL, May 29 (Korea Bizwire) — Unionized workers of Samsung Electronics Co. said Wednesday they plan to go on a strike amid stalled wage negotiations. The management of the South Korean tech giant and the company’s union have held rounds of talks and negotiations since January but failed to narrow their differences. If realized, it [...]
SEOUL, May 28 (Korea Bizwire) – Samsung Electronics Co. said Tuesday that it has agreed to set up a joint venture (JV) with a leading provider of climate solutions for a heating, ventilation and air-conditioning and refrigeration (HVAC) business in the United States and Canada. According to Samsung, the newly established JV, named Samsung Lennox [...]
SEOUL, May 24 (Korea Bizwire) – Samsung Electronics retained its status as South Korea’s most valuable brand, its worth approaching 109 trillion won, as the nation’s marquee corporate names recorded robust brand value growth, according to a respected annual ranking. Interbrand, the global brand consultancy, unveiled its “Best Korea Brands 2024″ report on May 23, showing [...]
SEOUL, May 24 (Korea Bizwire) – Samsung Electronics Co., the world’s largest memory chipmaker, said Friday the testing process of its latest high-bandwidth memory (HBM) chips is proceeding smoothly in cooperation with its customers. “Samsung Electronics is currently working closely with a number of companies to continuously test the technology and performance,” the company said [...]
SEOUL, May 24 (Korea Bizwire) – Samsung Electronics is launching the Galaxy Buds Fu Bao Case on May 24, inspired by the beloved giant panda Fu Bao. The new Fu Bao Case is the third release in Samsung’s popular Bao Family line of cases, following the sold-out Galaxy Buds Rui Bao and Hui Bao Cases introduced [...]
SEOUL, May 22 (Korea Bizwire) — Samsung Electronics Co. Chairman Lee Jae-yong has expressed his commitment to joining the international community’s efforts for safe, innovative and inclusive artificial intelligence (AI) technology at a global summit, the company said Wednesday. “Beyond impacting industrial innovation and economic growth, AI is fundamentally changing the way we live, work [...]
SEOUL, May 22 (Korea Bizwire) — A group of South Korean and global tech companies adopted a joint pledge on Wednesday, vowing to responsibly develop and use artificial intelligence (AI) and to address social challenges with the technology. The Seoul AI Business Pledge was announced by 14 companies, including Korea’s Samsung Electronics Co., Naver Corp., [...]
SEOUL, May 17 (Korea Bizwire) – Two companies that supply semiconductors to China have entered Samsung Electronics’ list of five top revenue sources, underscoring the growing importance of the Chinese market for the South Korean tech giant. According to Samsung’s quarterly report disclosed on May 16, its five biggest revenue drivers in the first quarter were [...]
SEOUL, May 17 (Korea Bizwire) – Samsung Electronics announced on May 16 that it is introducing a ‘Gift Funding’ campaign to cater to consumers who desire practical gifts for special occasions. Building upon last year’s successful ‘Bespoke Wedding Funding’ initiative targeted at engaged couples, the company has expanded the scope to encompass a broader range of [...]