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LG Electronics, South Korea’s second-largest appliance firm after Samsung, posted a second-quarter net profit slump of 38.1 per cent to 65.6 billion won Thursday, saying it had been “affected significantly” by the pandemic.

LG profit slumps 38.1%, as Samsung profit rises 7.3%

South Korean tech giant Samsung Electronics defied the coronavirus to report higher net profits in the second quarter Thursday, with strong demand for memory chips overcoming the pandemic’s impact on smartphone sales.
Nvidia has overtaken Intel for the first time as the most valuable U.S. chipmaker.

Nvidia overtakes Intel as most valuable U.S. chipmaker

Nvidia’s stock has been among Wall Street’s strongest performers in recent years as it expanded from its core personal computer chip business into datacenters, automobiles and artificial intelligence. Intel, which for decades has dominated in processors for PCs and servers, has struggled to diversify its business after making critical stumbles in the smartphone revolution.

Samsung heir apologises over corruption scandal

The heir to the Samsung empire bowed in apology Wednesday for company misconduct including a controversial plan for him to ascend to the leadership of the world’s largest smartphone maker.
Samsung’s new mobile chief Roh Tae-moon. - Samsung Electronics

Samsung names Roh Tae-moon new smartphone boss

Samsung Electronics has appointed Roh Tae-moon its new mobile chief, taking over from co-ceo DJ Koh, who’ll continue to lead the chaebol’s IT and mobile communications division. Roh, 52, is said to be “an engineering maven,” according to Bloomberg, “who’s meticulous about phone features.”
The world’s biggest smartphone and chipmaker Samsung Electronics issued a rare apology Wednesday after its chairman was jailed for sabotaging union activities.

Samsung apologises after chairman jailed for union sabotage

The world’s biggest smartphone and chipmaker Samsung Electronics issued a rare apology Wednesday after its chairman was jailed for sabotaging union activities.
Lee Sang-hoon, the chairman of Samsung Electronics, has been found guilty of violating South Korea’s labor union laws and sentenced to 18 months in prison, the Financial Times reports.

Samsung Electronics chairman found guilty of union sabotage

Lee Sang-hoon, the chairman of Samsung Electronics, has been found guilty of violating South Korea’s labor union laws and sentenced to 18 months in prison, the Financial Times reports.
FILE PHOTO- The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. REUTERS-Kim Hong-Ji

Samsung to invest an extra $8 billion in China chip plant

Samsung is the world’s largest maker of NAND flash memory chips, which can hold data permanently and are found in mobile devices, memory cards, USB flash drives, and solid-state drives.
FILE PHOTO- The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, March 23, 2018. REUTERS-Kim Hong-Ji

South Korea jails Samsung executives over destroyed evidence

A South Korean court, on Monday, jailed three executives of Samsung Electronics for their role in a plot that included burying computers under factory floors at its biotech affiliate, in an investigation of alleged accounting fraud.

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.

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Nollywood actress Omotola Jalade Ekeinde has sadly announced the death of her close cousin who died recently in United Kingdom from coronavirus.

Nollywood actress Omotola Ekeinde contracts coronavirus

Popular actress Omotola Jalade Ekeinde, also known as Omosexy, has revealed that she has tested positive positive for coronavirus and is currently in isolation where she’s receiving treatment.
At least four people have been killed in clashes in Ivory Coast as hundreds took to the streets following President Alassane Ouattara's decision to run for a third term this October.

One dead in fresh Ivory Coast clashes over president’s re-election bid

At least one person was killed in clashes in Ivory Coast on Saturday in the latest violence sparked by President Alassane Ouattara’s controversial decision to run for a third term in October.

NCFront: DSS invites ex-Reps Speaker over TV interview

The Department of State Services has invited a former member of the House of Representatives, Ghali Na’aba, for questioning on Monday.
Dr Fahad AL-Taffaq, the United Arab Emirates (UAE) Ambassador to Nigeria, made this known in his address to commemorate the 48th National Day of the UAE on Tuesday in Abuja.

UAE donates 7.5 tonnes of medical supplies to Nigeria

The United Arab Emirates (UAE) on Saturday donated 7.5 tonnes of medical supplies to the Nigerian Government to support it in its response to the Coronavirus COVID-19 pandemic.
Kaduna State Ministry of Health on Saturday confirmed that a four-month-old child was among the 20 new coronavirus cases recorded in the state on Friday.

Two coronavirus patients discharged in Kwara

Two patients who tested negative for the coronavirus pandemic were discharged in Kwara on Friday.