Samsung News - Latest Updates & Headlines
Seoul shares sharply on US reciprocal tariff pause; Korean won spikes
Seoul, April 10: South Korean stocks were trading sharply higher on Thursday as the US administration's temporary pause of reciprocal tariffs on South Korea improved market sentiment. The Korean won was trading sharply higher against the US dollar.
Seoul shares dip to 17-month low on Trump tariffs; won sinks to 16-year low
Seoul, April 9: South Korean stocks fell by nearly 2 percent to a 17-month low on Wednesday as the Donald Trump administration's sweeping tariffs stoked fears of an intensifying trade war between the United States and China. The local currency fell sharply against the US dollar.
Samsung reports 0.15 pc decrease in Q1 operating profit, logs strong phone sales
Seoul, April 8: Samsung Electronics on Tuesday estimated its first-quarter operating profit edged down 0.15 percent from a year earlier but exceeded market expectations on strong sales of its new flagship smartphones.
Seoul shares nosedive over 5.5 pc on panic selling sparked by Trump tariffs
Seoul, April 7: South Korean stocks nosedived more than 5.5 percent on Monday, extending their losing streak to a fourth consecutive day, as investors panicked over an escalating global trade war triggered by US reciprocal tariffs. The Korean won fell by the most since the COVID-19 pandemic against the U.S. dollar.
Samsung seeks ways to cushion blow from US tariffs
Seoul, April 6: Tech giant Samsung Electronics may need to overhaul its global production strategy as new US reciprocal tariffs could significantly affect its smartphone business, industry sources said on Sunday.
Samsung India worker's union at Sriperumbudur plant issues strike notice
Chennai, April 3: The Samsung India Thozhilalar Sangam, affiliated with the Centre of Indian Trade Unions (CITU), has issued a 14-day strike notice to the management of the Samsung factory in Tamil Nadu's Sriperumbudur.
Samsung likely to report decline in operating profit for Q1: Report
Seoul, March 31: Samsung is expected to report a decline in operating profit for the first quarter, largely due to weak semiconductor performance, a report said on Monday.
Foldable smartphones to see robust comeback in 2026 globally
New Delhi, March 30: Global foldable smartphone shipments in 2024 saw tepid growth at 2.9 per cent (year-on-year) but it is definitely not a sign of the market peaking, according to a new report.
Combined operating profit of top 500 S. Korean firms jumps 66 pc in 2024
Seoul, March 26: The combined operating profit of South Korea's top 500 companies surged 66 per cent from a year earlier in 2024, driven largely by a rebound in the global semiconductor market, a report showed on Wednesday.
Samsung says mulling legal options after India raises over Rs 5,000 crore in tax demand
New Delhi, March 25: After the Indian government asked Samsung to pay $601 million (approximately Rs 5,174 crore) in back taxes and penalties for allegedly evading import duties on some key telecom equipment, the South Korean giant on Tuesday said the company fully complies with the laws of the land and is currently "assessing legal options".
Samsung's Vice Chairman Han Jong-hee dies of heart attack at 63
Seoul, March 25: Samsung Electronics’ Vice Chairman Han Jong-hee has died of a heart attack, industry sources said on Tuesday. He was 63.
Samsung tops domestic sales for 22 consecutive years: Report
Seoul, March 24: Samsung Electronics has held the No. 1 spot in annual sales among South Korean companies for 22 consecutive years from 2002 to 2023, an industry analysis report here showed on Monday.
South Korea loses suit on compensation to Mason Capital over Samsung merger
Seoul, March 21: South Korea has lost a lawsuit seeking to annul an investor-state dispute settlement (ISDS) ruling that ordered it to pay compensation to US hedge fund Mason Capital over losses from tech major Samsung's controversial 2015 merger of two units.
PLI push: 'Made in India' smartphone shipments up 6 pc, Apple and Samsung lead
New Delhi, March 20: 'Made in India' smartphone shipments grew 6 per cent (year-on-year) last year, driven by increasing exports from Apple and Samsung, a report said on Thursday.
India's smartphone exports surge 54 pc to surpass Rs 1.75 lakh crore in April-Feb
New Delhi, March 17: India’s smartphone exports crossed a staggering Rs 1.75 lakh crore ($21 billion) in 11 months of FY2024-25 (April-February) which constitutes a 54 per cent jump over the corresponding figure for the same period of FY2023-24, according to latest industry data.
Samsung Chairman Lee Jae-yong calls for do-or-die mindset to overcome crisis
Seoul, March 17: Samsung Electronics Chairman Lee Jae-yong has urged executives to adopt a "do-or-die" mindset to navigate the intense challenges posed by the new era driven by artificial intelligence (AI), industry sources said on Monday.
Samsung SDI to raise $1.3 billion via stock offering for facility investment
Seoul, March 15: Samsung SDI Co., South Korea's second-biggest battery maker, said it will raise 2 trillion won ($1.37 billion) through a stock sale as part of its broader growth strategy.
Seoul shares finish lower amid Trump's tariff determination
Seoul, March 14: South Korean stocks ended lower for the second consecutive session in Friday amid US President Donald Trump's determination to push forward with his controversial tariff policies. The local currency stayed unchanged against the greenback from the previous session.
Samsung pays highest salaries to outside directors: Data
Seoul, March 12: Samsung ranked first in average salaries for outside directors among major listed companies in South Korea last year, a corporate tracker here said on Wednesday.
Samsung's investment in R&D, facility expansion hits record high in 2024
Seoul, March 11: Samsung Electronics said on Tuesday it made its largest-ever investment in research and development (R&D) and facility expansion last year.
S. Korea calls for exemption of semiconductor workers from 52-hour work week
Seoul, March 11: Industry and labour ministers on Tuesday called for an exemption of researchers in the semiconductor industry from South Korea's 52-hour workweek system that prevents them from working extended hours even when needed.
Samsung strike ends at TN plant, workers set to return to work
Chennai/New Delhi, March 7: With the month-long strike by the Centre of Indian Trade Unions (CITU)-backed Samsung India Workers Union (SIWU) at the company's manufacturing unit in Sriperumbudur ending on Friday, the South Korean tech giant said it welcomes the employees' decision to call off the “illegal strike”.
S. Korea needs greater US energy imports, other bargaining chips for Trump tariff negotiations
Seoul, March 6: Facing US President Donald Trump's imminent sweeping tariff scheme and mounting pressure on a range of industries and the economy, South Korea needs to boost its imports of American energy and highlight room for cooperation in areas crucial to the US as leverage in possible negotiations, experts said on Thursday.
Regulator approves Samsung's acquisition of robotics startup
Seoul, March 5: South Korea's antitrust regulator approved Samsung Electronics' acquisition of local robotics startup Rainbow Robotics on Wednesday as part of its business diversification strategy.
Samsung brings AI-powered features to budget-friendly Galaxy A-series devices
Washington, March 2: Samsung has announced the latest additions to its Galaxy A-series lineup, including the Galaxy A56, A36, and A26.
Seoul shares drop over 3 pc on looming tariff war
Seoul, Feb 28: South Korean stocks tumbled over 3 per cent on Friday, dragged down by a possible tariff war threat by US President Donald Trump and a slump in artificial intelligence (AI) chip giant Nvidia. The local currency fell sharply to a three-week low against the US dollar.
India's tablet market clocks robust 42 pc growth in 2024
New Delhi, Feb 26: The Indian tablet market saw strong growth in 2024, with total shipments reaching 5.73 million units, a 42.8 per cent year-on-year (YoY) increase, a report said on Wednesday.
Samsung, Hyundai team up to use private 5G network in car manufacturing
Seoul, Feb 26: Samsung Electronics said on Wednesday it has joined hands with Hyundai Motor to integrate its fifth-generation (5G) private network solutions with the carmaker's advanced vehicle manufacturing facilities.
Hybrid vehicle registrations in South Korea surpass 2 mn units
Seoul, Feb 25: The cumulative number of hybrid vehicles registered in South Korea surpassed 2 million for the first time last year, government data showed on Tuesday.
Samsung, union reach tentative wage deal for 5.1 pc pay hike
Seoul, Feb 24: Samsung Electronics and its labour union on Monday reached a tentative wage agreement, which includes an average 5.1 per cent pay raise for 2025, officials said.
South Korean telcos set to showcase AI techs at upcoming MWC 2025
Seoul, Feb 24: South Korea's three major mobile carriers are set to bring their latest artificial intelligence (AI) technologies to the upcoming global mobile technology trade fair in Spain next month, the companies said on Monday.
TN Ministers to lead talks between Samsung India management and CITU to end strike
Chennai, Feb 23: Tamil Nadu Labour Minister C.V. Ganeshan and State Highways Minister E.V.
Factory strike: Samsung urges TN govt to ensure ease of doing biz
New Delhi/Chennai, Feb 20: South Korean major Samsung on Thursday urged the Tamil Nadu government to ensure ease of doing business while prioritising worker safety amid the ongoing labour strike.
TN Samsung stir: CITU to hold mega protest in Kancheepuram tomorrow
Chennai, Feb 20: The ongoing standoff between the Samsung India Workers Union (SIWU), affiliated with the Centre of Indian Trade Unions (CITU), and Samsung India management has escalated further. With no resolution in sight, the union has decided to extend its protest beyond the company premises.
Hyundai, Samsung brace for hefty US tariffs
Seoul, Feb 19: South Korean automotive and chip companies are devising strategies to deal with looming hefty tariffs on their US exports, industry observers said on Wednesday, after US President Donald Trump announced his intention to impose auto duties of around 25 per cent and similar levels on chips.
TN Samsung factory strike: Conciliatory talks between management and union today
Chennai, Feb 19: With protests continuing at Samsung India's Sriperumbudur plant, the Tamil Nadu Labour Department has facilitated a meeting between the workers' union and management, scheduled for Wednesday.
Samsung decides to cancel over $2 billion worth of treasury stocks
Seoul, Feb 18: Samsung Electronics said on Tuesday it has decided to cancel 3 trillion won ($2.01 billion) worth of treasury stocks as part of its buyback plan to enhance shareholder value.
Premium smartphones' share climbs to 25 pc in global market in 2024
New Delhi, Feb 17: The share of premium smartphones in the global market has surged 25 per cent in 2024, up from 15 per cent in 2020 as more consumers opt for high-end devices, a new report said on Monday.
Reliance secures no. 2 spot in global FutureBrand Index 2024, surpasses Apple
New Delhi, February 17: The US no longer dominates the top of the FutureBrand Index, in a landmark achievement, Reliance Industries Limited (RIL) has been ranked No. 2 in the FutureBrand Index 2024, surpassing global technology giant Apple.
India's smartphone exports surge by 140 pc to $3 billion in Jan
New Delhi, Feb 17: India's smartphone exports in January surged by as much as 140 per cent over the same month of the previous year, to reach a record high of Rs 25,000 crore ($3 billion) as tech giants Apple and Samsung stepped up overseas shipments from their supply chains in the country, according to industry estimates.