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The Korea Herald

Samsung

November 30, 2020
Apple to make harder push in Korea with 2nd Apple Store

Apple Korea announced on Nov. 30 that it would open its second South Korean store in Yeouido, the financial district in northwestern Seoul, as part of a strategy to expand its sales and services in the country. Although the Seoul branch didn’t reveal an official date for the opening of the new ...
June 19, 2020
Samsung inks 5G deal with Canada’s Telus

Samsung Electronics said on June 19 that it has been selected as the 5G network infrastructure supplier for Canada-based telecom firm Telus, laying the groundwork for its presence as one of the primary vendors in the country. Telus, founded in 1990, has 13.4 million mobile subscribers with annual...
June 05, 2020
FTC ends probe on ‘TV war’ between Samsung and LG

The Fair Trade Commission said on June 5 it has terminated an investigation into the battle between Samsung Electronics and LG Electronics over the technological competitiveness of their TVs. The antitrust agency said the two companies have decided to drop the case and pledged to refrain from neg...
May 18, 2020
Conglomerates foster growth of internal startup units

South Korean conglomerates are increasing their support for startups created and spun off by their own employees, the companies said on May 18. The move is part of an effort to strengthen the country’s startup ecosystem by encouraging creative business ideas and technological innovation, they said...
March 18, 2020
Attendance halves at Samsung’s shareholders meeting amid virus fears

SUWON -- Around 400 Samsung Electronics shareholders gathered at a convention center in Suwon, Gyeonggi Province, to attend the annual meeting with reinforced sanitation efforts amid the coronavirus fears. “I hesitated to participate today because of the coronavirus spread, but had to come to ex...
March 11, 2020
Samsung committee advises heir to apologize to public

Samsung Group’s compliance monitoring committee, led by former Justice Kim Ji-hyung, said Wednesday it has advised heir Lee Jae-yong and seven affiliates to issue a public apology for past wrongdoings concerning leadership succession plans. The committee has sent a letter setting forth its recomm...
March 10, 2020
Samsung unveils new solid-state battery tech

Samsung Advanced Institute of Technology said on March 10 unveiled its study on longer-lasting all-solid-state battery technology for the first time in Nature Energy, one of the world’s leading scientific journals. All-solid-state batteries, utilizing solid electrolytes, support greater energy d...
February 17, 2020
[From the Scene] Galaxy S20, Z Flip attract aspiring tech leaders in Silicon Valley

PALO ALTO, California -- After the Galaxy S20 and Z Flip phones were unveiled in San Francisco on Tuesday, aspiring tech leaders studying and working in Palo Alto, the heart of Silicon Valley, flocked to a Samsung shop in the area. Samsung Experience Store in Stanford Shopping Center saw its visi...
January 30, 2020
Samsung’s earnings nosedive on weak chip, display markets in 2019

Samsung Electronics posted a 52.84 percent on-year decline in operating profit in 2019 due to the sluggish memory and display panel markets, according to its earnings report released Thursday. However, prospects for the largest South Korean tech giant this year are bright going by its better-than...
January 21, 2020
Samsung’s financial units brace for changes with new CEOs

South Korea’s largest conglomerate on Tuesday appointed new chief executives -- all in their 50s -- in an apparent move to tackle challenges in the fast digitalization of the capital market and diversify its business portfolio for sustainable growth. Samsung Group’s insurance unit, Samsung Life...
January 14, 2020
Samsung to acquire US network service provider

Samsung Electronics announced on Jan. 14 that it plans to acquire TeleWorld Solutions, a Virginia-based network service provider. TWS specializes in providing network designs, installations, testing and optimized solutions to mobile service and cable operators as well as original equipment manufac...
January 06, 2020
Samsung Electronics to unveil new smartphones in San Francisco on Feb. 11

Samsung Electronics Co., the world‘s largest maker of smartphones, will unveil new smartphones in San Francisco on Feb. 11, the company said on Jan. 5. Samsung didn’t elaborate on details, but market watchers have speculated that new devices could include its next flagship smartphone and a fol...
December 18, 2019
Samsung to produce Baidu’s AI chip

Samsung Electronics said Dec. 18 it will mass-produce an artificial intelligence chip for Chinese web portal operator Baidu early next year. The South Korean tech firm will manufacture Kunlun, the Chinese internet firm’s first cloud-to-edge AI accelerator, which is to be built on Baidu’s XPU,...
December 11, 2019
Samsung emerges as No. 3 vendor of wearable devices in Q3

Samsung Electronics was the third-largest vendor of wearable devices in the third quarter of the year, a market report showed Dec. 11, amid soaring global demand for wearables. The South Korean tech giant shipped 8.3 million units of wearable devices in the July-September period, more than doub...
December 01, 2019
Is Vietnam an attractive place for Samsung chip plant?

Is Vietnam a good place for chipmakers to consider building a high-tech plant? In light of a request by the Vietnamese head of state to Samsung Electronics, the world’s largest chipmaker, many in South Korea are asking whether it is a viable business move. In a private meeting held in Seoul on D...

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