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Samsung Electronics

Samsung shares rise as Huawei struggles

Shares in Samsung Electronics climbed nearly three per cent Tuesday on the back of its chief rival Huawei’s mounting problems, including a decision by Google to sever ties with the Chinese mobile phone maker.

Samsung posts weakest profit in more than two years

South Korea’s Samsung Electronics flagged improved second-half results on expectations of a pick up in memory chip and smartphone sales, after posting its weakest profit in more than two years in the first quarter.
Samsung Galaxy Fold

Samsung recalls Galaxy Fold samples after defect reports

Samsung Electronics Co Ltd is retrieving all Galaxy Fold samples distributed to reviewers to investigate reports of broken screens, a day after it postponed the phone’s launch, a person with direct knowledge of the matter said on Tuesday, the News Agency of Nigeria reports.
Park Jung-ho, CEO of SK Telecom, attends a launching ceremony for its 5G service, in Seoul, South Korea, April 3, 2019. REUTERS-Kim Hong-Ji

South Korea beats US Verizon for world’s first 5G mobile network

South Korea launched the world’s first nationwide 5G mobile networks two days early, its top mobile carriers said Thursday, in a late-night scramble to be the first providers of the super-fast wireless technology.
An old Motorola mobile phone is displayed in an antique market in Seoul on April 2, 2019. – South Korea is preparing to launch the world’s first 5G mobile network on April 5. (Photo by Ed JONES - AFP)

South Korea to launch world’s first national 5G networks

South Korea launches the world’s first fully-fledged 5G mobile networks Friday, a transformational leap that already has superpowers sparring for control of an innovation that could potentially change the day-to-day lives of billions of people.
A South Korean court on Wednesday approved the release of former President Lee Myung-bak on 1 billion won (US$885,000) bail during his ongoing corruption trial.

Former South Korean president gets bail one year after arrest for corruption

Jailed former South Korean president Lee Myung-bak was granted bail on Wednesday, nearly a year after he was arrested over corruption charges.
Samung Galaxy Fold

Samsung unsettles Apple with folding smartphone

Samsung Electronics Co Ltd has unveiled a nearly $2,000 folding smartphone in a bid to top the technology of Apple Inc and Chinese rivals and reignite consumer interest amid slumping sales.
Samsung Electronics

Samsung reaches settlement over ‘exploding’ washing machines

Samsung Electronics has reached a settlement in a class-action lawsuit over 2.8 million “exploding” washing machines recalled in the US, the South Korean company said on Tuesday.
iphone x

Italy fines Apple, Samsung over software updates that slowed down phones

Italy’s anti-trust watchdog said on Wednesday it was fining Apple and Samsung Electronics 5 million euros ($5.7 million) each following complaints they used software updates to slow down their mobile phones.
Former South Korean President Lee Myung-Bak appears for his first trial at the Seoul Central District Court on May 23, 2018 in Seoul, South Korea. Chung Sung-Jun-Pool via Reuters

Court jails ex-South Korea president for 15 years over corruption

Former South Korean president Lee Myung-bak was jailed for 15 years for corruption on Friday, becoming the latest of the country’s ex-leaders to be sent to prison.
Samsung Electronics

One dead, two hospitalised in gas leak at Samsung chip plant

One worker was killed and two injured when carbon dioxide leaked at a Samsung Electronics chip plant on Tuesday, the South Korean company said.
Samsung Electronics

Samsung may suspend operations at China mobile phone plant

Samsung Electronics is considering suspending operations at one of its mobile phone manufacturing plants in China due to slumping sales and rising labor costs, the Electronic Times reported on Monday.

Samsung Electronics posts $9.9 bn Q2 net profit, down 0.1%

Samsung Electronics on Tuesday reported a 0.1 percent dip in its second quarter net profit from a year earlier, blaming slower sales of smartphones and display panels for the drop.
Samsung Electronics

Samsung opens ‘world’s largest’ phone factory in India

Samsung Electronics on Monday announced the opening of what it said is the world’s biggest mobile phone manufacturing facility as the South Korean tech group seeks to expand production in the world’s fastest growing major mobile phone market.
Samsung

Samsung profits slow due to weak smartphone sales

Samsung shares fell 2 percent as the guidance gave investors insight into how badly the decline in smartphone profitability is hurting the company’s bottom line, after it warned in April of an earnings slowdown amid tougher competition.

Samsung set to launch new flagship smartphones

Samsung Electronics will unveil its next flagship smartphones -- the Galaxy S9 and Galaxy S9+ -- on Sunday, after it reported record profits in recent weeks and its vice chairman was released from prison.

Google hires ex-Samsung CTO to lead its Internet of Things business

Alphabet’s Google this month hired Injong Rhee, who recently resigned as Samsung Electronics Co’s chief technology officer, to lead its Internet of Things business, he said in a LinkedIn post Monday.

Samsung splits stock as profits jump

Samsung Electronics Co Ltd announced on Wednesday its first stock split as it posted record annual profit driven by a so-called memory chip “super-cycle.”

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Kim You-geun, a national security official at South Korea’s presidential Blue House, speaks during a press briefing on the General Security of Military Agreement (GSOMIA) between South Korea and Japan at the presidential Blue House in Seoul on November 22, 2019. – South Korea will suspend the expiry of a critical military intelligence-sharing agreement with Japan, Seoul said on November 22, just hours before the pact was due to expire as the two US allies row. (Photo by Jung Yeon-je / AFP)

South Korea salvages military pact with Japan at 11th hour

The pact was due to expire at midnight amid a sharp deterioration in ties between the two democracies and market economies that has alarmed Washington as it seeks to curb the threat from nuclear-armed North Korea.

Reps PDP caucus seeks visa bans over Kogi, Bayelsa polls

The Peoples Democratic Party caucus in the House of Representatives led by Kingsley Chinda has condemned the recent elections held in Kogi and Bayelsa States, calling for visa ban and travel restrictions against those involved in the alleged manipulation, distraction and violence recorded during the exercise.

Cardinal Onaiyekan: Citizens giving up on Nigerian project

Emeritus Archbishop of Catholic Diocese of Abuja, Cardinal John Onaiyekan, on Thursday in Enugu lamented the general despair in the country, saying that long delayed and unfulfilled hopes are making people to give up on the viability of the Nigerian project.
Diego Maradona

Diego Maradona announces Gimnasia return – two days after quitting

Argentina legend Diego Maradona said he is to return as manager of Gimnasia y Esgrima La Plata - two days after he quit.

ECB chief tells Europe to ‘innovate and invest’

Christine Lagarde on Friday urged European countries to “innovate and invest” more to support growth at a time of global uncertainty, in her first major policy speech as president of the European Central Bank.