The Australian government recently filed a suit against Samsung Electronics Australia, claiming that the company’s advertisement regarding Galaxy smartphones’ waterproof functions is misleading.The latest flagship smartphones of Samsung Electronics, LG Electronics and Apple come with IP68 waterproof
Samsung Electronics Co.’s smartphone business division suffered a setback in operating profit in the second quarter despite an increase in sales of the Galaxy series. The company’s profitability worsened due to intensifying competition with Chinese companies such as Huawei Technologies Co. and Xiaom
Samsung Electronics has completed a redesign of the Galaxy Fold to fix screen defects, Bloomberg reported on July 3. However, it is still unclear when the Galaxy Fold will be launched.Bloomberg reported that Samsung Electronics is now in the final stages of preparations for commercial production of
Koh Dong-jin, president of the IT & Mobile Communications Division at Samsung Electronics Co., recently said that the company needed more time to release the Galaxy Fold.“We are in the process of recovery,” Koh was quoted as saying at a meeting with local media outlets in Seoul and the U.K.'s Th
Samsung Electronics has begun to expand the ecosystem for Bixby, its artificial intelligence (AI) personal assistant.The company opened a Bixby marketplace on June 27 where some Korean and U.S. users of its smartphones can download “Bixby Capsules.” The “capsule” concept was first introduced by Sams
LG Electronics and LG International, the core affiliates of LG Group, have agreed to join Kakao’s blockchain platform Klaytn. As Samsung Electronics started to actively participate in the blockchain business by equipping the Galaxy S10 with a blockchain key store, LG is also trying to expand its bus
A Samsung Display official said on June 18 that Samsung Electronics is ready for volume production of the Galaxy Fold."Foldable phones are ready for volume production, and we are also on standby," said Kim Sung-chul, vice president of Samsung Display, at a special forum held to mark the 20th anniver
With the global smartphone market stagnating, phone makers from Korea and China are focusing on the Indian market which continues its upward curve. China's Xiaomi has been in the top position since last year, while Samsung Electronics and LG Electronics are seeking to overtake the front runner b
The number of 5G subscribers exceeded one million as of June 10, the Ministry of Science and ICT said on June 12. 5G mobile phones sold about 230,000 units during the first month of 5G services, exceeding the initial adoption pace of 4G services.The surge in 5G subscribers in the initial period is a
Samsung Electronics will launch the Galaxy M40, the fourth model of the Galaxy M series, in order to penetrate the Indian market. It remains to be seen whether the Galaxy M40 will record sold-outs as did the Galaxy M10, M20 and M30 and help Samsung Electronics regain the top spot in the Indian smart
Samsung Electronics will hold a series of global strategy meetings, starting with one on smartphones this week. Vice chairman Lee Jae-yong will start to draw up a strategy to overcome unfavorable external factors such as the U.S.-China trade disputes.Samsung would start a global strategy meeting on
LG Electronics' first 5G smartphone, the V50 ThinQ is gradually filling up the vacuum in the phone market left by the delayed launch of the foldable phones by other companies. LG Electronics started to launch the new phone in Australia and Europe, going beyond Korea and the United States, its ma
Korean smartphone manufacturers have been sandwiched between Apple and Chinese producers in recent years. Samsung Electronics has maintained the number one spot in the global smartphone market until the first quarter of this year, but it is behind Apple in terms of profitability and Huawei in terms
Some specifications of the Galaxy Note 10 have been leaked before its expected launch in the second half of this year.In particular, the Galaxy Note 10 is reported to have a shorter charging time than the previous Galaxy S10 5G and a simplified design with buttons such as earphone terminals eliminat
Major smartphone manufacturers are showing different movements in the foldable smartphone market. Samsung Electronics is having a hard time fixing the release date for its first foldable smartphone due to concerns over defects and Huawei is having the same difficulties amid the ongoing trade war bet
The global artificial intelligence (AI) speaker market is showing signs of becoming a two-way race between U.S. and Chinese IT companies. Industry watchers say Korean companies are far behind the front-runners.The top two players in the global AI speaker market in the first quarter of this year we
Samsung Electronics is expected to launch the foldable smartphone “Galaxy Fold” after this June. The company is carrying out network interworking tests after supplying samples of the foldable phone to mobile carriers. With this news coming out, a majority of experts speculated that the Galaxy Fold w
The price of Bitcoin has recovered to the 10 million won (US$8,435) range.The rebound is attributed to an increasing number of investors injecting money into cryptocurrencies amid increased variability in the global economy and global companies' moves to bring the virtual coin into the financial
As Google Inc. has suspended Huawei Technologies Co.’s access to its Android operating system (OS) services, Samsung Electronics Co. is moving to benefit from it. The South Korean electronics giant has recently launched promotional activities in Singapore to absorb Huawei smartphone users.If Google
Samsung Electronics and LG Electronics will launch budget phones with premium specifications next month.Samsung Electronics will release the Galaxy A50, while LG Electronics will roll out the X6. These new products are both equipped with a triple lens camera.The Galaxy A50 is Samsung's first bud