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Latest Samsung Group news
Here you will find the latest news and most recent developments on the Samsung Group, with regular updates and all the information you need.
Samsung donates $24.6 million to contain coronavirus in South Korea
In an exemplary display of corporate social responsibility, Samsung Group has announced that all of its affiliates will donate a combined 30 billion won or $24.6 million to support the South Korean government in its efforts to contain the spread of the coronavirus infection in the country. South Korea is one of the countries dealing […]
- By Adnan Farooqui
- 4 years ago
Forbes names Samsung Group among top five influential Asian firms
The US-based business magazine Forbes has named Samsung Group among the top five influential firms in Asia. The South Korean consumer electronics giant has been named among firms like China's Alibaba, India-based HDFC Bank, Sony, and Toyota, thanks to its achievements in the technology segment. Forbes mentioned that the companies it listed as the top […]
- By Asif Iqbal Shaik
- 7 years ago
Samsung Group shuts down its website and blogs
Samsung Group, the powerful South Korean conglomerate made up by lucrative companies like Samsung Electronics, has shut down its official websites and blogs after the conglomerate's corporate strategy office was disbanded in February. The office was shut down following allegations of bribery and corruption which led to the arrest of the conglomerate's heir Lee Jae-yong. […]
- By Adnan Farooqui
- 7 years ago
Samsung has had to delay key business decisions due to corruption investigation
Samsung Group has been ensnared in South Korea's corruption and influence-peddling scandal. The conglomerate allegedly paid bribes of more than $35 million to win the government's backing for a controversial merger that enabled the founding Lee family to cement its grasp on the conglomerate. Samsung heir apparent Lee Jae-yong has been questioned at length and […]
- By Adnan Farooqui
- 7 years ago
Samsung gets raided again over controversial merger deal
Samsung finds itself ensnared in a corruption scandal that threatens to bring down South Korea's President Park Geun-hye. The Supreme Prosecutors’ Office of South Korea has previously raided Samsung Electronics HQ in Seoul after allegations of bribes being paid to the president's close personal friend Choi Soon-sil in order to gain influence. Some of Samsung's […]
- By Adnan Farooqui
- 7 years ago
Samsung’s market cap surges to $322 billion
Samsung Group's combined market capitalization surged to 375.52 trillion won ($322 billion) last week after the stock market listing of its biotechnology division called Samsung BioLogics. With the listing of Samsung BioLogics on the Korea Composite Stock Price Index last Thursday, Samsung and its 15 listed divisions now account for 29.07 percent of the total market […]
- By Adnan Farooqui
- 7 years ago
Samsung may address lack of gender diversity by adding female independent directors to its board
Lack of gender diversity in global business is routinely pointed out as a big problem that needs to be fixed. Activist investor hedge fund Elliott Associates recently pointed out a lack of diversity on Samsung Electronics' board as part of its restructuring proposal for the company and Samsung is now said to be considering adding […]
- By Adnan Farooqui
- 7 years ago
Samsung urges employees and suppliers to prevent leaks as it tackles major challenges
The Galaxy Note 7 ended up doing more harm than good for Samsung and now the company has to work harder than it has ever before to eliminate the perception that its smartphones tend to explode. It also has to prove a point with the Galaxy S8 to show its fans and rivals that it's […]
- By Adnan Farooqui
- 7 years ago
Samsung laid off the highest number of employees in the first half of this year
We first started hearing reports about a year ago that Samsung is downsizing its workforce in a bid to cut down on costs. Samsung said back then that it was actually advising “average workers with mediocre performance” to leave the company with a sizable compensation. Samsung is still at it. 54 of the 109 listed companies […]
- By Adnan Farooqui
- 7 years ago
Samsung nominates heir apparent Jay Y. Lee to company board seat
A major leadership move is underway at Samsung as heir apparent Jay Y. Lee has formally been nominated for a seat on the company's Board of Directors today. He is the son of Samsung chairman Kun-Hee Lee and is widely believed to be the future leader of the company and the perfect candidate to take […]
- By Adnan Farooqui
- 8 years ago
Samsung to announce the withdrawal of $6.60 million investment proposal in Saemangeum
According to a new report published by daily newspaper The Seoul Shinmun, Samsung is preparing to announce the official withdrawal of its $6.60 million investment proposal in Saemangeum. Back in 2011, Samsung signed a memorandum of understanding pledging to invest the aforementioned sum in the development of a new renewable energy industrial complex, which was […]
- By Josh L.
- 8 years ago
YouTube documentary tries to figure out just how big Samsung really is
It's a common misconception among people that Samsung only makes home appliances and mobile devices. The South Korean conglomerate does much more than that but it can often be hard to keep track of every business that its in. A new short documentary has been released on YouTube which tackles an important question: just how big Samsung […]
- By Adnan Farooqui
- 9 years ago
Samsung buys German OLED company Novaled AG
Over a week after rumors indicated that Samsung may be interested in buying German-based OLED company Novaled, the Korean manufacturer has officially confirmed that it will be acquiring a 90 percent stake in Novaled for 311 billion won ($279.42 million), through its affiliate Cheil Industries Inc. (an electronic material, chemical and textile unit of the […]
- By Abhijeet Mishra
- 11 years ago
