Latest Samsung Group news

Samsung Electronics turns 54 years old, celebrates anniversary in South Korea

Samsung Electronics has turned 54 years old today. Yes, the company is that old. In 1969, Samsung Group (which started in 1938) established Samsung Electric Industries. In 1974, Samsung Group entered the semiconductor business by acquiring Korea Semiconductor, which was the country's first semiconductor chip company and was struggling. Soon, it joined hands with Korea […]

By Asif Iqbal Shaik
1 year ago

Samsung holds retirement ceremony for guide dogs, rehomes new puppies

Samsung Group has a hand in almost every corner of the market, from smartphones and TVs to medicine and cargo ships. Galaxy smartphone users aren't generally aware of the company's reach, but Samsung is a conglomerate that makes a lot of technological advancements possible in and outside of South Korea. However, not everything Samsung does […]

By Mihai Matei
2 years ago

Samsung heir Lee Jae-yong pardoned by South Korean President, gets cleared of bribery charges

Samsung Electronics Vice Chairman Lee Jae-yong received a huge relief today. The President of South Korea, Yoon Suk Yeol, pardoned Lee on the occasion of next week's Liberation Day anniversary in the country. Lee Jae-yong can now formally take control of South Korea's largest conglomerate. Earlier, Lee was sentenced to 2.5 years in prison after being […]

By Asif Iqbal Shaik
2 years ago

BREAKING: Samsung boss Lee Jae-yong granted parole, will be released on Friday

Samsung Group's leader, Lee Jae-yong, was sent to jail a few months ago on bribery charges. However, it was being speculated that he may be pardoned by the South Korean president sometime in August. Now, it is being reported that Lee has been granted parole, which means that he will soon be released from jail. Lee […]

By Asif Iqbal Shaik
3 years ago

Is Samsung a Korean company? A short history of the global giant

Samsung is one of the world's largest technology companies. At $197.7 billion, it ranked second on Fortune's list of the largest tech companies by revenue in 2020. Samsung is a truly massive conglomerate with a worldwide presence and almost 300,000 employees across the globe. Most of the companies on that list are from the United […]

By Adnan Farooqui
4 years ago

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
5 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
8 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
8 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
8 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
8 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
8 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
8 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
8 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

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