South Korea launches raid on Samsung subsidiary amid fraud probe December 13, 2018 South Korean prosecutors investigating alleged accounting fraud yesterday raided the offices of Samsung’s biopharma unit and its two auditors, KPMG and Deloitte. The Financial Services Commission, which last month suspended trading in Samsung Biologics shares, claims the company intentionally breached accounting rules before listing in 2016. Biologics, which denies wrongdoing, said today that investigators had [...]
Asian stocks rocked by arrest of senior Huawei executive in Canada December 6, 2018 Asian stocks were hit had this morning by news of the arrest of the daughter of the founder of Chinese tech firm Huawei in Canada. Meng Wanzhou, who is also Huawei’s chief financial officer, was arrested in Canada on 1 December and faces extradition to the US. She was arrested in connection with the violation [...]
Samsung to put its voice assistant Bixby in all devices by 2020 November 20, 2018 Samsung Electronics has put its faith in its smart voice assistant Bixby, today announcing a pledge to put the software in all of its electronic products by 2020. The technology, chosen as a rival to Amazon's Alexa, was launched last year via Samsung's top tier smartphone range. The Korean tech giant said at a developer conference [...]
Samsung unveils foldable smartphone, but a startup beat them to it November 7, 2018 Electronics giant Samsung gave developers a first look at its foldable smartphone at a conference in San Francisco tonight, as it urged Android users to begin creating products and apps for the hardware. It also launched a flexible screen for its foldable phones, called Infinity Flex Display, which it said will be developed in association [...]
Huawei’s popularity is on the up after launch of P20 range October 25, 2018 Back in November I looked at tech brand Huawei ahead of its planned expansion in Europe. Now YouGov data underlines how Huawei has been doing since then, with particular reference to the launch of its new P20 and P20 Plus range, for which the brand launched a worldwide advertising push. Huawei’s marketing efforts appear to [...]
Samsung to post record profit as chip market reaches its peak October 2, 2018 Samsung Electronics is expected to report a record high in quarterly profit on Friday, ahead of a predicted slide as chip prices begin to fall. Consensus estimates as polled by Refinitiv have forecast an 18 per cent rise in operating profit to 17.2 trillion won (£12.04bn) compared to the previous quarter, while revenue is set [...]
Samsung Electronics boss indicted on charges of union sabotage September 27, 2018 Samsung Electronics chairman Lee Sang-hoon has been indicted by South Korean authorities as part of an ongoing investigation into alleged workers' union sabotage. Lee, who entered the role in March, will appear in court alongside 27 other senior executives from Samsung and its affiliates later this year. The news comes after Samsung's vice chairman, Lee Jae-yong, was [...]
Samsung offers “free trial” of its smartphone for Apple users in new mocking ad – four tech giant ad wars we remember September 8, 2015 Samsung is offering a free “trial programme” for any Apple users considering converting to its smartphones, in its latest marketing stunt designed to poke fun at Apple. And Apple isn’t above biting back…. The South Korean tech giant has introduced a 30-day trial designed to entice iPhone users, allowing owners of the Apple smartphone to [...]
Samsung Gear S2: Could this sleek new smartwatch be the Apple Watch killer the company needs? September 3, 2015 Samsung is pushing against the Apple Watch’s growing dominance in wearables, with its new Gear watch. The Korean tech giant has unveiled its Galaxy Gear S2 watch – and it looks pretty slick. Metallic and sleek (just 11.4mm thick), the smartwatch has a 1.2 inch round display, and features a rotating bezel and 3G voice [...]
Samsung share price slides as disappointing sales of Galaxy S6 and S6 Edge force tech giant to slash prices July 30, 2015 Samsung is dropping prices on its flagship smartphone models after a dip in sales caused the Korean tech giant’s profits to slide for the seventh consecutive quarter. The company reported operating profits falling four per cent to 6.9tn won (£3.9bn), in line with guidance released earlier this month, which warned sales of high-end smartphone Galaxy [...]