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Here you will find the latest news and most recent developments on the Samsung Group, with regular updates and all the information you need.
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 […]
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. […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]
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 […]