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Samsung to disband lobby team: vice chairman
Samsung Electronics Vice Chairman Lee Jae-yong said he would disband the corporate strategy office, the powerful control tower of Samsung Group, in a National Assembly hearing, Tuesday. The core strategic unit is believed to be at the center of the problematic support for President Park Geun-hye’s shadowy confidant Choi Soon-sil and the controversial merger of […]
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Korean biosimilars make inroads into Europe
[THE INVESTOR] Propelled by Samsung Bioepis and Celltrion, South Korean biopharmaceutical companies are gaining a foothold in Europe with their biosimilars, cheaper copycat versions of biologics. Celltrion’s Remsima — biosimilar replication of rheumatoid arthritis treatment drug Remicade — and Samsung Bioepis’ Benepali — biosimilar copy of Amgen’s rheumatoid arthritis treatment Enbrel – along with Flixabi, […]
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Brexit raises concerns over exports
Britain’s departure from the European Union is drawing mixed reactions here, with local experts offering dim prospects for Korean exporters but some others viewing the historic change as an opportunity for the world’s seventh-largest exporter to outpace its rivals in the overall European market. Amid growing concerns, the Korean government said Sunday it would prepare […]
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Samsung Electronics to lead Q2 earnings growth: analysts
[THE INVESTOR] Korea Inc. is expected to show steady growth in the second quarter but only if Samsung Electronics is included in the club. Local securities firms have revised up their projections for aggregate operating profit of 172 companies listed on the benchmark KOSPI to 33.83 trillion won (US$29.2 billion) as of June 22, up […]
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Samsung unveils new budget tablet model
amsung Electronics Co., South Korea’s top tech firm, released the updated version of its budget tablet series, the Galaxy Tab A, on Tuesday, saying it guarantees a better connection with entertainment. The Android-based “2016 Galaxy Tab A” features a 10.1-inch full HD-level display, a 1.6 GHz octa-core processor, 2GB of RAM and a microSD card […]
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Samsung dominates global AMOLED market: data
Samsung Display Co., an affiliate of tech giant Samsung Electronics Co., dominated the global small and mid-size active mode organic light-emitting diode display market in the first quarter of the year, industry data showed Thursday. The South Korean panel cemented its supremacy with a 30.6 percent presence in terms of sales, followed by Japan Display […]
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Korean battery makers beef up Chinese production
Korean battery makers are beefing up production in China, the largest market for nascent yet lucrative electric vehicles. Samsung SDI, the battery-making unit of Samsung Group, will showcase a range of battery technologies, including quick-charging battery cells and pouch-type and cylindrical batteries, at the Auto China event that runs through May 4 in Beijing. The […]
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Samsung’s smartphone share rises, Apple falls in Q1
Samsung Electronics saw its stake in the global smartphone market grow in the first quarter of this year from the previous quarter, helped by brisk sales of the Galaxy 7 series. The world’s largest smartphone maker had a 27.8 percent global market share in terms of shipment, according to industry tracker TrendForce. That reflected a […]
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LG looks to outsmart Apple, Samsung
LG Electronics’ mobile business chief Cho Ju-no said Thursday that the company’s upcoming flagship smartphone G5 will offer differentiated value to customers, exuding confidence in the imminent battle with competitors Samsung Electronics and Apple. “Even though LG Electronics is beefing up its budget smartphone lineup, it will focus on delivering fun and exotic value to […]
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Samsung, SK hynix log record mobile DRAM market share in Q4
Korean chip giants Samsung Electronics and SK hynix clinched a record share of the global mobile dynamic random access memory (DRAM) market in the fourth quarter, data showed Monday, apparently helped by increased orders from U.S. giant Apple. According to the data compiled by industry tracker DRAMeXchange, Samsung Electronics took up 58.2 percent of the […]
