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Taiwan's TSMC may have to sweat South Korea’s largest conglomerate Samsung Group announced this week that it will invest 240 trillion won ($205 billion) over the next three years in such areas as semiconductors and AI. The investment plan was disclosed...
Vice Chairman Lee Jae-yong faces another setback Things couldn’t be worse for Samsung Electronics Vice Chairman Lee Jae-yong as the Samsung Group chief has to stand a formal trial over his alleged usage of propofol. A Seoul court said on July...
Drone will deliver smartphones to Irish customers Samsung Electronics has launched a drone delivery service in Ireland at a time when a mounting number of customers prefer an end-to-end contact-less experience amid the virus pandemic. The company started delivering its smartphones...
Samsung Vice Chairman Lee Jae-yong has part of colon removed Imprisoned Samsung Electronics Vice Chairman Lee Jae-yong’s another trial slated for this week was postponed to late next month due to his recent surgery. A Seoul court noted that the trial...
Korean battery manufacturers warned of punitive damage suits South Korean battery maker Samsung SDI will be subject to a punitive damage suit in the United States this year, and its local rival LG Energy Solutions is also feared to face...
Court sentences Lee Jae-yong to 30 months in prison Samsung Electronics Vice Chairman Lee Jae-yong, who is de facto chief of the Samsung Group, was jailed for bribery on Jan. 18 for the second time in his life. The Seoul High...
Korea's tech giant’s operating profit jumps 30% despite COVID-19 Throughout last year, so many corporations across the world struggled to find their feet because of the economic downturn spawned by the virus outbreak. That is not the case for all companies,...
Samsung heirs should take big tax burden Samsung Electronics Vice Chairman Lee Jae-yong and other Samsung heirs have to pay more than $10 billion in the inheritance tax, according to the CXO Institute this week. The Korean business tracker said that...
New smartphone will be launched next month Samsung Electronics is expected to disclose its flagship smartphone, the Galaxy S21, next month, possibly with a stylus, according to the firm’s mobile division leader President Roh Tae-moon, who leads the smartphone division, also...
Biopharmaceutical giant to focus on CDO business Samsung BioLogics, a biopharmaceutical affiliate of South Korean conglomerate Samsung Group, launched its first overseas research and development center in San Francisco on Oct. 29. The Incheon-based outfit, west of Seoul, said that the...

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