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Samsung Electronics has strengthened its leadership team by bringing in professionals from leading global companies, including Apple, Siemens, Qualcomm and General Motors, the company revealed in its first-quarter earnings report on Monday. The move reflects a broader push by Samsung Electronics Chairman Lee Jae-yong, who has emphasized the need to secure world-class talent across key business divisions. Among the high-profile appointments is Vice President Choi Jae-in, a former director at Appl
Global tech giants LG Electronics and Samsung Electronics are ramping up innovation to capture a growing demand for portable TVs. LG, which pioneered the category with its StanbyME series, now faces a challenge from Samsung’s official entry into the segment. Adding further pressure, Chinese rivals are also making inroads with new wireless models. LG and Samsung are pursuing contrasting strategies to dominate the market, according to industry sources. LG is leading with user-centric innovations s
South Korean game giant Nexon delivered robust earnings in the first quarter of 2025, driven by a rebound in key franchises like Dungeon Fighter and MapleStory. But with the outlook for the second quarter remaining clouded by weaker guidance, hopes are now pinned on the continued momentum of its key franchises. In the January-March period, Nexon posted 1.08 trillion won ($1.33 billion) in revenue and 395.2 billion won in operating income, exceeding market expectations. According to the company,
Krafton and Nexon are solidifying their leadership in the Korean game industry, posting strong earnings in the first quarter to start the year strong on the back of successful new titles and ongoing popularity of the existing intellectual property. Krafton logged record-high first quarter revenue of 874.2 billion won ($625.8 million) and operating profit of 457.3 billion won from the January-to-March period this year, up 31.3 percent and 47.3 percent on year, respectively. Krafton’s megahit batt
In the wake of a major data breach involving SK Telecom’s universal subscriber identity module, a group of 9,213 users has filed lawsuits, each seeking damages of 500,000 won ($360), citing gross negligence and violation of personal data protection obligations. The legal team representing the plaintiffs held a press conference Friday, stating that the case goes beyond a typical privacy breach and represents a "foreseeable disaster" caused by SK Telecom’s failure to uphold its legal responsibilit
Samsung Electronics on Monday unveiled the Galaxy S25 Edge, the slimmest model in the Galaxy S lineup, as part of its strategic push into the ultra-slim smartphone market. When The Korea Herald checked out the new model, it immediately stood out for its sleek profile and light weight, especially when compared side by side with the Galaxy S25 Ultra released earlier this year. Measuring just 5.8 millimeters in thickness and weighing 163 grams, the Edge is noticeably slimmer and 25 percent lighter
Samsung Electronics is drawing renewed attention over the possibility of further mergers and acquisitions in its core high-tech sectors, following its recent purchase of a European heating and cooling systems firm. Questions remain over whether the company has the liquidity to pursue large-scale deals, as a significant portion of its cash reserves remains tied up in overseas subsidiaries. The tech giant announced Wednesday its $1.7 billion acquisition of Flakt Group, a leading European HVAC (hea
Samsung Electronics announced Wednesday that it has signed an agreement to acquire FlaktGroup, a German heating and cooling solutions provider, for 1.5 billion euros ($1.7 billion), marking its largest overseas acquisition in eight years. The tech giant said it will acquire 100 percent of the shares in the heating, ventilation and air conditioning company from European investment firm Triton, aiming to strengthen its HVAC business amid rapid market growth. It is Samsung’s first multibillion doll
SK Telecom said Wednesday that all 25 million of its users have signed up for the company's USIM Protection Service following a major data breach, including those using international roaming. “Since the USIM protection service for overseas users began on May 12, we have completed the enrollment of all users by this morning. Essentially, all customers have now been covered,” said Ryu Jung-hwan, head of the network infrastructure center at SK Telecom, during a press briefing on Wednesday. The comp
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