SEOUL (Reuters) – South Korean prosecutors indicted Samsung Group’s Jay Y. Lee on Tuesday on suspicion of accounting fraud and stock price manipulation in connection with a 2015 merger, dealing a new blow to the head of one of Asia’s most valuable companies. L... More »
SEOUL (Reuters) – South Korean prosecutors indicted Samsung Group leader Jay Y. Lee on charges of manipulating stock prices and breach of trust in order to cement control of the group, a prosecution official said on Tuesday. Considering the gravity of manipula... More »
SEOUL (Reuters) – A South Korean court on Tuesday denied an arrest warrant request for Samsung Group heir Jay Y. Lee after prosecutors accused him of accounting fraud and stock manipulation. The ruling provided temporary relief for the vice chairman of Samsung... More »
SEOUL (Reuters) – The coronavirus-driven global shift to working from home is set to have boosted demand for Samsung Electronics’ memory chips from laptop makers and data centres, but first-quarter profits are likely to remain flat as the outbreak weakened con... More »
SEOUL (Reuters) – Technology giant Samsung Electronics has adopted electronic voting for the first time ever for this year’s annual general meeting (AGM) on March 18, urging shareholders to use it to help curb the spread of coronavirus. Samsung’s AGM is taking... More »
HANOI (Reuters) – Samsung Electronics has started building a $220 million research and development center in Vietnam, the South Korean tech giant’s local unit said on Monday. But a ground-breaking ceremony, scheduled for this past Saturday, was canceled becaus... More »
(Reuters) – British nanotechnology company Nanoco said on Monday it has filed a patent infringement lawsuit against Samsung Electronics Co and affiliates in a district court in Texas relating to quantum dots. Nanoco, which produces quantum dots that are used t... More »
SEOUL (Reuters) – Samsung Electronics Co Ltd on Monday named its youngest president as its new smartphone chief as the firm seeks to defend its lead in the handset market from rising challenges from rivals such as Huawei Technologies Co Ltd. The South Korean f... More »
SEOUL (Reuters) – Samsung’s plan to outsource a fifth of its smartphone production to China next year may help it compete with low-cost rivals such as Huawei and Xiaomi but it’s a strategy fraught with risks, people with familiar with the move said. Samsung El... More »
SEOUL (Reuters) – Smartphone maker Samsung Electronics Co Ltd has postponed media events for its Galaxy Fold planned for this week in Hong Kong and Shanghai, a company official said, days after reviewers of the foldable handset reported defective samples. The ... More »
MUMBAI (Reuters) – Samsung (005930.KS) plans to launch a budget smartphone series in India ahead of a global release, aiming to regain ground ceded to Chinese rivals such as Xiaomi (1810.HK) in the world’s second-biggest mobile phone market. The South Korean c... More »
SEOUL (Reuters) – South Korea’s LG Electronics Inc (066570.KS) said on Tuesday its fourth-quarter operating profit likely plummeted 80 percent from the same period a year earlier, falling well below analyst expectations. The world’s second-biggest television s... More »
SEOUL (Reuters) – South Korea’s LG Electronics Inc on Friday said operating profit likely rose 16.1 percent in April-June, albeit weighed down by higher marketing expenses for new products in its TV, smartphone and appliance divisions, analysts said. The world... More »
SEOUL (Reuters) – South Korean tech giant Samsung Electronics Co Ltd (005930.KS) estimated on Friday earnings grew at the slowest pace in more than a year in the second quarter, as analysts said weak smartphone sales likely offset record high chip earnings. Sa... More »
SEOUL (Reuters) – Shares in Samsung Electronics Co Ltd (005930.KS) dipped slightly on Friday but trading activity surged after a 50:1 stock split aimed at making it easier for retail investors to buy into the South Korean technology giant. The shares were trad... More »
The logo of Samsung is seen on a building during the Mobile World Congress in Barcelona, Spain February 25, 2018. REUTERS/Yves Herman SEOUL (Reuters) – South Korea’s stock exchange said on Monday that trading in Samsung Electronics Co Ltd’s shares will be halt... More »
Mobile memory chips made by chipmaker SK Hynix are seen in this picture illustration taken in Seoul May 10, 2013. REUTERS/Lee Jae-Won SEOUL (Reuters) – After a blistering year-and-a-half long surge, a sudden drop in some memory prices, followed by Samsung Elec... More »
FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea South Korea, October 11, 2017. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) said it would likely rake in a record fourth... More »
FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul, South Korea, August 25, 2017. REUTERS/Kim Hong-Ji/File Photo SEOUL (Reuters) – Samsung Electronics Co Ltd’s (005930.KS) shares fell more than 4 percent to a one-month low on M... More »
Samsung Electronics Co Ltd said on Friday its CEO and Vice Chairman Kwon Oh-hyun plans to step down from management, deepening concerns over a leadership vacuum at the tech giant after group scion Jay Y. Lee was jailed for bribery. More »
Jay Y. Lee, the billionaire heir to South Korea's Samsung Group, should find some comfort that its crown jewel Samsung Electronics Co Ltd has reported record profit every quarter since he was jailed in February, making him even richer. More »
Samsung Electronics Co Ltd said on Friday its third-quarter operating profit likely nearly tripled from a year earlier to a new record, beating analyst estimates as strong memory chip prices fattened margins. More »
China said on Thursday it has approved HP Inc's (HPQ.N) $1.1 billion purchase of Samsung Electronics' (005930.KS) printer business with certain restrictions, citing concerns about the U.S. firm's dominance of the domestic laser printer market. More »
Nokia (NOKIA.HE) will start to book additional revenue from the current quarter after a ruling by an arbitration court on payments from South Korea's LG Electronics (066570.KS) for using its smartphone patents. More »
Employees walk in the main office building of Samsung Electronics in Seoul, South Korea, in this file photo taken on January 6, 2016. REUTERS/Kim Hong-Ji Samsung Electronics Co Ltd (005930.KS) on Friday said its second-quarter operating profit likely rose 72 p... More »
LG Electronics smartphones seen inside the Class cellphone store in Beirut, Lebanon July 6, 2017. REUTERS/Aziz Taher South Korea’s LG Electronics Inc estimated that its second-quarter operating profit rose 14 percent from a year ago, but fell short of expectat... More »
Employees walk in the main office building of Samsung Electronics in Seoul, South Korea, January 6, 2016. REUTERS/Kim Hong-Ji Samsung Electronics Co Ltd (005930.KS) is expected to report its best-ever quarterly profit in the second quarter, with soaring memory... More »
FILE PHOTO: A woman talking on her mobile phone walks past an advertisement promoting Samsung Electronics’ Galaxy Note 7 at company’s headquarters in Seoul, South Korea, October 11, 2016. REUTERS/Kim Hong-Ji/File Photo Samsung Electronics Co Ltd (005930.KS) sa... More »
Employees walk in the main office building of Samsung Electronics in Seoul, South Korea, January 6, 2016. REUTERS/Kim Hong-Ji Tech giant Samsung Electronics Co Ltd plans to invest $300 million to build an appliances factory in the United States, the Korea Econ... More »
FILE PHOTO: The logo of Samsung Electronics is seen in Seoul, South Korea, July 4, 2016. REUTERS/Kim Hong-Ji/File Photo Tech giant Samsung Electronics Co Ltd said on Monday it is considering adding memory chip production capacity at its manufacturing base in C... More »
The logo of Samsung Electronics is seen at a company’s building in Seoul, South Korea, March 24, 2017. REUTERS/Kim Hong-Ji South Korea’s Samsung Electronics Co Ltd said on Thursday it plans to make a separate announcement about executive reshuffles at its comp... More »
The logo of Samsung Electronics is seen in front of its building in Seoul, South Korea, February 28, 2017. Picture taken February 28, 2017. REUTERS/Kim Hong-Ji Tech giant Samsung Electronics Co Ltd on Thursday named a new head of mobile marketing and a new Chi... More »
FILE PHOTO: Models pose for photographs with a LG electronics’ new V20 premium smartphone during its unveiling ceremony in Seoul, South Korea, September 7, 2016. REUTERS/Kim Hong-Ji/File Photo South Korea’s LG Electronics Inc said on Thursday its first-quarter... More »
Samsung Electronic’s Galaxy S8 and S8+ are displayed at its store in Seoul, South Korea, April 27, 2017. REUTERS/Kim Hong-Ji Samsung Electronics Co Ltd on Thursday flagged stronger earnings and announced a cancellation of treasury shares after posting a solid ... More »
FILE PHOTO: A man walks out of Samsung Electronics’ headquarters in Seoul January 6, 2014. REUTERS/Kim Hong-Ji A Chinese court has ordered Samsung Electronics’s (005930.KS) mainland subsidiaries to pay 80 million yuan ($11.60 million) to Huawei Technologies [H... More »
Shares of tech giant Samsung Electronics Co Ltd (005930.KS) opened up 0.2 percent at 2,094,000 won ($1,885.87) on Thursday following the launch of its Galaxy S8 flagship smartphone. More »
A Samsung Galaxy S8+ smartphone is pictured at the introduction of the Galaxy S8 and S8+ smartphones during the Samsung Unpacked event in New York City, United States March 29, 2017. REUTERS/Brendan McDermid (Reuters) – Samsung Electronics Co Ltd (005930.KS) u... More »
Kwon Oh-Hyun, co-chief executive officer of Samsung Electronics Co., speaks during the company’s annual general meeting at the Seocho office building in Seoul, South Korea, on Friday, March 24, 2017. REUTERS/SeongJoon Cho/Pool Samsung Electronics Co Ltd (00593... More »
Shareholders walk past the logo of Samsung Electronics before their general meeting at a company’s building in Seoul, South Korea, March 24, 2017. REUTERS/Kim Hong-Ji Tech giant Samsung Electronics Co Ltd (005930.KS), one of several South Korean companies caug... More »
An LG Electronics’ logo is pictured on a TV displayed at a shop in Seoul, South Korea, April 26, 2016. REUTERS/Kim Hong-Ji/File Photo South Korea’s LG Electronics Inc said on Wednesday it will launch a new mobile payments service in its home country in June, t... More »
The new Samsung Galaxy Book is displayed during its presentation at Mobile World Congress in Barcelona, Spain February 26, 2017. REUTERS/Albert Gea Samsung Electronics launched two new tablets on Sunday, marking its first major announcement since being forced ... More »
FILE PHOTO – A man walks behind a logo of Samsung Electronics at the company’s headquarters in Seoul April 30, 2010. REUTERS/Jo Yong-Hak/File Photo Samsung Electronics said on Sunday it would launch its next key device in the aftermath of a burning-battery sca... More »
Employees walk in the main office building of Samsung Electronics in Seoul, South Korea, in this file photo taken on January 6, 2016. REUTERS/Kim Hong-Ji Samsung Electronics Co Ltd’s display panel subsidiary has received a license to invest another $2.5 billio... More »
A building of Samsung Electronics (R) is seen in Seoul, South Korea, November 8, 2016. REUTERS/Kim Hong-Ji Tech giant Samsung Electronics (005930.KS) is tightening board oversight on donations while two senior Samsung Group [SAGR.UL] executives reportedly offe... More »
The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, July 4, 2016. REUTERS/Kim Hong-Ji/File Photo Samsung Electronics (005930.KS) shares fell for a fourth consecutive session on Wednesday, after South Korean special prosecutors sa... More »
A flag bearing the logo of Samsung Electronics is pictured at its headquarters in Seoul, South Korea, November 29, 2016. REUTERS/Kim Hong-Ji Samsung Electronics Co Ltd indicated on Monday that its latest flagship Galaxy S smartphone could be delayed as it pled... More »
An exchanged Samsung Electronics’ Galaxy Note 7 is seen at company’s headquarters in Seoul, South Korea, October 13, 2016. REUTERS/Kim Hong-Ji A Samsung Electronics Co Ltd (005930.KS) investigation into what caused some Galaxy Note 7 smartphones to catch fire ... More »
An exchanged Samsung Electronics’ Galaxy Note 7 is seen at company’s headquarters in Seoul, South Korea, October 13, 2016. REUTERS/Kim Hong-Ji Samsung Electronics Co Ltd (005930.KS) will announce this month the results of an investigation into what caused some... More »
Samsung Electronics Co Ltd (005930.KS) should make no compromises on the quality of its products, Chief Executive Kwon Oh-hyun said on Monday, asking employees to improve manufacturing processes and safety inspections. More »
Employees walk past a building of Samsung Electronics in Seoul, South Korea, November 8, 2016. REUTERS/Kim Hong-Ji Samsung Electronics Co Ltd is in talks with LG Chem Ltd to make it one of its smartphone battery suppliers, the Chosun Ilbo newspaper said on Mon... More »
The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, July 4, 2016. REUTERS/Kim Hong-Ji/File Photo South Korea’s Samsung Electronics Co Ltd (005930.KS) will consider splitting itself into two as proposed by U.S. activist hedge fund... More »
An exchanged Samsung Electronics’ Galaxy Note 7 is seen at company’s headquarters in Seoul, South Korea, October 13, 2016. REUTERS/Kim Hong-Ji A global recall of fire-prone Galaxy Note 7 smartphones did not appear to hurt U.S. consumers’ willingness to buy Sam... More »
The logo of Samsung Electronic is seen at its headquarters in Seoul, South Korea, July 4, 2016. Picture taken on July 4, 2016. REUTERS/Kim Hong-Ji/File Photo Samsung Electronics announced an $8 billion deal on Monday to buy Harman International Industries, mar... More »
An exchanged Samsung Electronics’ Galaxy Note 7 is seen at company’s headquarters in Seoul, South Korea, October 13, 2016. REUTERS/Kim Hong-Ji Samsung Electronics Co Ltd said on Thursday it was reviewing options to limit the potential environmental impact from... More »
A model poses for photographs with Samsung Electronics’ new smartphone Galaxy S7 during its launching ceremony in Seoul, South Korea, March 10, 2016. REUTERS/Kim Hong-Ji – RTSA41M Samsung Electronics Co Ltd said on Monday it is offering an upgrade programme to... More »
German carrier Air Berlin’s aircraft is pictured at Tegel airport in Berlin, Germany, September 29, 2016. REUTERS/Axel Schmidt/File Photo German carrier Air Berlin (AB1.DE) on Saturday said it had banned Samsung’s Galaxy Note 7 mobile phones from flights, whil... More »
An employee checks an exchanged Samsung Electronics’ Galaxy Note 7 at company’s headquarters in Seoul, South Korea, October 13, 2016. REUTERS/Kim Hong-Ji Samsung Galaxy Note 7 smartphone devices will be banned from aircraft in the United States starting on Sat... More »
The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, July 4, 2016. REUTERS/Kim Hong-Ji/File Photo Tech giant Samsung Electronics Co Ltd said on Monday its system chips business has started mass production of semiconductors using 1... More »
China’s quality watchdog said on Tuesday Samsung Electronics Co Ltd’s (005930.KS) local unit will recall all 190,984 Galaxy Note 7 phones that it has sold in the mainland. More »
Samsung Electronics Co Ltd (005930.KS) is considering permanently halting sales of Galaxy Note 7 smartphones as an option after fresh reports of fires in the premium devices, a person familiar with the matter told Reuters on Tuesday. More »
Signage is seen at the Samsung 837 store in the Meatpacking District of Manhattan, New York, U.S., October 10, 2016. REUTERS/Andrew Kelly Samsung Electronics’ (005930.KS) worst-ever recall could cost the company as much as $17 billion after it halted sales of ... More »
Samsung Electronics Co Ltd (005930.KS) said on Tuesday it has halted the production of its Galaxy Note 7 smartphones due to consumer safety concerns. More »
Sales promotion staff stand in front of a Galaxy Note 7 advertisement at a Samsung store in Jakarta, Indonesia, October 11, 2016. REUTERS/Beawiharta Samsung Electronics Co Ltd (005930.KS) scrapped its flagship Galaxy Note 7 smartphone on Tuesday less than two ... More »
A model poses for photographs with a Galaxy Note 7 new smartphone during its launching ceremony in Seoul, South Korea, August 11, 2016. REUTERS/Kim Hong-Ji/File Photo Tech giant Samsung Electronics Co Ltd said on Sunday it was delaying the start of new Galaxy ... More »
An employee poses for photographs with Samsung Electronics’ Galaxy Note 7 new smartphone at its store in Seoul, South Korea, September 2, 2016. REUTERS/Kim Hong-Ji/File Photo Samsung Electronics Co (005930.KS) was sued on Friday by a Florida man who said he su... More »
The logo of Samsung Electronics is seen at its headquarters in Seoul, South Korea, July 4, 2016. REUTERS/Kim Hong-Ji/File Photo Tech giant Samsung Electronics Co Ltd said on Sunday it sold shares in four companies including ASML Holding NV and Seagate Technolo... More »
A Samsung Electronics’ Galaxy Note 7 new smartphone is displayed at its store in Seoul, South Korea, September 2, 2016. REUTERS/Kim Hong-Ji/File Photo Samsung Electronics Co Ltd’s (005930.KS) shares fell to their lowest level in nearly two months on Monday aft... More »
A model poses for photographs with a Galaxy Note 7 new smartphone during its launching ceremony in Seoul, South Korea, August 11, 2016. REUTERS/Kim Hong-Ji/File Photo A U.S. government safety agency on Friday urged all consumers to stop using Samsung Galaxy No... More »
An employee poses for photographs with Samsung Electronics’ Galaxy Note 7 new smartphone at its store in Seoul, South Korea, September 2, 2016. REUTERS/Kim Hong-Ji/File Photo Samsung Electronics Co Ltd (005930.KS) on Saturday urged users of its Galaxy Note 7 p... More »
A model poses for photographs with a Galaxy Note 7 new smartphone during its launching ceremony in Seoul, South Korea, August 11, 2016. REUTERS/Kim Hong-Ji/File Photo Owners of Samsung Electronics Co Ltd (005930.KS) Galaxy Note 7 smartphones should stop using ... More »
People walk past a LG Electronics logo during the Mobile World Congress in Barcelona, Spain, February 25, 2016. REUTERS/Albert Gea/File Photo South Korea’s LG Electronics Inc said on Sunday it will aggressively invest in robots, seeking to capitalize on advanc... More »
An employee poses for photographs with Samsung Electronics’ Galaxy Note 7 new smartphone at its store in Seoul, South Korea, September 2, 2016. REUTERS/Kim Hong-Ji Samsung Electronics Co Ltd has recalled all Galaxy Note 7 smartphones equipped with batteries it... More »
SEOUL South Korean tech giant Samsung Electronics Co Ltd said on Thursday it will acquire U.S.-based luxury appliances maker Dacor Inc, seeking to boost high-end product sales. Samsung said in a statement it will keep Dacor’s brand name and leave its operation... More »
SEOUL South Korea’s LG Electronics Inc said its first-quarter operating profit likely rose 66 percent, pointing to its best quarter in nearly two years with earnings apparently lifted by healthy appliance sales and falling television panel prices. The world’s ... More »
SEOUL Samsung Electronics Co Ltd (005930.KS), the world’s biggest maker of smartphones and memory chips, announced on Thursday that it plans to adopt a corporate culture akin to a startup, seeking to become more nimble as growth slows. Samsung’s executives wil... More »
SEOUL Tech giant Samsung Electronics Co Ltd on Wednesday said it will launch a phone upgrade program in South Korea this week that will allow subscribers to switch to a new premium handset every 12 months. Customers seeking to buy one of two Galaxy S7 models t... More »
A U.S. appeals court on Friday overturned a $120 million jury verdict against Samsung, finally handing the South Korean smartphone maker a significant win in its longstanding patent feud with top rival Apple. The U.S. Court of Appeals for the Federal Circuit i... More »
SEOUL Smartphone maker LG Electronics Inc plans to boost marketing spend in a bid to lift sales of its new flagship handset, the South Korean firm’s mobile division chief said. LG is trying to establish itself as a top smartphone player with the G5, which was ... More »
HELSINKI Finland’s Nokia on Monday settled its patent dispute with South Korea’s Samsung, saying the arbitration verdict would boost its patent sales by hundreds of millions of euros. Nokia said the settlement would lift sales at its patent unit Nokia Technolo... More »
HELSINKI Nokia (NOKIA.HE) and Samsung (005930.KS) are expected to settle their two-year patent dispute within days, with analysts forecasting a one-time payment of hundreds of millions of euros for the Finnish company. Nokia entered into a binding arbitration ... More »
SEOUL South Korean tech giant Samsung Electronics Co Ltd (005930.KS) on Tuesday guided for weaker-than-expected second-quarter earnings, as a supply shortage plagued its latest smartphone launch and tepid demand from key markets likely undercut sales. The guid... More »
SEOUL Tech giant Samsung Electronics Co Ltd (005930.KS) said on Tuesday that operating profit for the April-June quarter will likely be 6.9 trillion won ($6.13 billion), down 4 percent from a year earlier. This was worse than the 7.2 trillion won average forec... More »
