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
As Nissan is reportedly considering withdrawing from the Korean market due to the ongoing boycott of Japanese products in Korea, other Japanese car brands, such as Honda and Toyota, are looking for new marketing strategies.Nissan is considering withdrawing from the Korean market due to a decrease in
Chinese companies are rapidly increasing their presence in the 8K TV and 5G smartphone markets. With the U.S.-China trade war going on, they are concentrating on European markets.This year’s IFA, the largest consumer electronics show in Europe, kicked off in Berlin on Sept. 6. There, Chinese smartph
The war over the 8K TV image quality is intensifying between South Korea’s two electronics giants Samsung Electronics Co. and LG Electronics Inc. LG Electronics claimed that Samsung Electronics’ 8K TV does not meet industry standards. Samsung Electronics dismissed the claim, saying, “That is an absu
SK Telecom will partner with Samsung Electronics to develop and commercialize the world's first 5G-based 8K TV services. 8K ultra-high definition (UHD) has the horizontal resolution of 7680 pixels and the vertical resolution of 4320 pixels, four times as many pixels as 4K UHD.SK Telecom plans to
South Korean electronics giant Samsung Electronics Co. and chat giant Kakao Corp. have joined hands to expand the blockchain ecosystem. The two companies will release the so-called “KlaytnPhone” integrating Samsung Electronics’ Galaxy Note 10 and Kakao’s blockchain platform Klaytn.Kakao announced on
Renault Samsung Motors Corp., South Korean unit of French automaker Renault S.A., has begun to receive applications for early retirement.The company receives applications for voluntary early retirement from senior-level employees and executives at the manufacturing department from Sept. 5 to 27. Tho
As the Moon Jae-in government has been pushing for chaebol reforms and strengthening regulations on corporate governance reforms after taking office, the number of cross-holding links among affiliates of conglomerates has decreased sharply. The number of companies subject to regulations designed to
The CEOs of Korea’s three major shipbuilders -- Hyundai Heavy Industries, Daewoo Shipbuilding & Marine Engineering (DSME) and Samsung Heavy Industries –- are rolling up their sleeves to land orders for LNG carriers.They will attend Gastech 2019, which will run in Houston, the United States, from Sep
Samsung Heavy Industries has been selected as a technical partner in building an icebreaking LNG carrier for the Russia’s Arctic LNG2 Project. As a result, Samsung Heavy Industries has secured a big advantage in landing an order for 15 polar icebreaking LNG carriers that Russia is expected to build
Samsung Electronics took the wraps off the Exynos 980, a 5G mobile processor that integrates a 5G mobile communication chip and a high-performance mobile application processor (AP).This is Samsung's first 5G integrated chip. Samsung Electronics started supplying Exinos 980 samples to customers t