The Samsung Galaxy Fold has been sold out in the second as well as first pre-sale. Samsung Electronics prepared more Galaxy Folds for the second pre-sale, which started at midnight on Sept. 18, yet the devices ran out in just 15 minutes.Such a high popularity of the first foldable smartphone of Sams
Samsung Electronics vice chairman Lee Jae-yong met with Crown Prince of Saudi Arabia Mohammad Bin Salman bin Abdulaziz Al Saud and Saudi Arabian government officials in Riyadh on Sept. 17. They discussed cooperation between Saudi Arabia and Samsung Group in a wide range of fields including technolog
Samsung Electronics has officially begun to refute LG Electronics’ claims that its 8K TVs have a picture quality problem. The company refrained from responding to its rival’s offensive at IFA 2019 but changed its mind out of a concern that consumers might misunderstand Samsung 8K TVs if they continu
Samsung Electronics' Galaxy Note 10 has surpassed 1 million units in sales in the shortest period among the Galaxy brand phones.Samsung Electronics announced on Sept. 17 that domestic sales of the Galaxy Note 10, which was launched on Aug. 23, achieved the 1 million milestone on Sept. 16."The Ga
South Korea's automobile exports have posted a rise for five consecutive months despite slowing demand in the global automobile market.In August, Korea's automobile exports reached US$2,976 million, up 4.6 percent from a year ago, data from the Korea Automobile Manufacturers Association and
LG Electronics is planning to hold a technical briefing for journalists to highlight the image quality problem of Samsung Electronics’ 8K TVs. The company recently took issue with the picture quality of Samsung' 8K TVs at IFA 2019, Europe's largest home appliance exhibition in Berlin, German
Samsung Electronics and Hyundai Motor broke into the top 10 in a U.S. consumer loyalty survey. In particular, Samsung Electronics took first place in the smartphone segment, beating Apple.Samsung Electronics (smartphone) claimed third place in the 2019 Loyalty Leaders 100 announced by Brand Keys, a
Tsinghua Unigroup of China recently announced that it would invest 800 billion yuan for the upcoming 10 years in order to accelerate mass production of DRAM chips. The company is going to build an R&D center in Wuhan and manufacturing facilities in Chongqing before mass production initiation schedul
Hyundai Motor’s Kona EV has become the first home-made electric vehicle to surpass 20,000 in terms of registered unitsThe Korea Automobile Manufacturers Association said on Sep. 14 that 20,215 Kona EVs were registered as of the end of July. The Kona EV made its debut in May last year. It surpassed t
South Korean biosimilar drugs are contributing to medical expense reduction in the United Kingdom. These drugs are the same as original medicines in efficacy and safety but are more than 30 percent cheaper.The expenses for medicines and medical supplies fell 294 million pounds (US$367.32 million or
Foldable phones are likely to remain a niche luxury product until 2024 rather than become the mainstream of the smartphone market, a market research company forecast in a recent report.Strategy Analytics (SA) said in the “Global Display Technologies Forecast: 2008-2024” report that that foldable pho
Samsung Electronics vice chairman Lee Jae-yong visited Saudi Arabia on Sep. 15 to look around Samsung C&T’s subway construction site in Riyadh. Lee encouraged officials of Samsung C&T, saying the Middle East is "a land of new opportunities." It was the first time that Lee visited an overseas constru
An increasing number of smartphone manufacturers are combining their phones with blockchain services. Under the circumstances, blockchain services are expected to emerge as main services of mobile devices.Early this year, Samsung Electronics equipped its flagship Galaxy S10 with the KeyStore as a pe
Samsung Electronics is analyzing how its partnership for the 2020 Summer Olympics in Tokyo will affect itself. This is because its sponsorship can have a negative effect on its brand image with trade disputes going on between South Korea and Japan. Samsung Electronics is yet to launch large-scale Ol
The Korean shipbuilding industry took first place for the fourth consecutive month, winning 74 percent of the world's shipbuilding orders in August. However, some public opinions are criticizing the Korean shipbuilding industry, saying that Korean shipbuilders are rejecting a golden opportunity
Samsung Display Co. has launched an early retirement program to trim its workforce. It is offering three years' salary to those who apply for the program.The company’s business units started to take steps last week to implement the program. Workers who have been with the firm for more than five
The stock price of KOSPI market bellwether Samsung Electronics Co. is about to break this year’s high. Until recently, the company’s stock had remained bearish due to poor sales and large-scale sell-off by foreigners. However, a rising demand for the stock among foreign investors and growing expecta
Korean, Chinese, and Japanese companies participating in the IFA 2019 in Berlin showcased their new products to attract European consumers. In particular, they drew much attention from visitors with innovative technologies in such fields as 8K TV, 5G, artificial intelligence (AI), and the Internet o
The steel and semiconductor industries of South Korea will take a direct hit if the trade war between the United States and China turns into a global tariff war, panelists said at a seminar organized by the Federation of Korean Industries on Sept. 9.The experts said the ongoing trade war between the
With the labor union of GM Korea going on its first full-fledged strike in 22 years, the labor and management at Renault Samsung Motors are at loggerheads over voluntary retirements. At Renault Samsung, downsizing is inevitable due to reduced production, but its unionists are expected to make all-ou