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  Samsung Electronics confirmed that they’ve appointed the former research chief of Taiwan Semiconductor Manufacturing Company (TSMC), Liang Mong-song as their Vice President for Research & Development. TSMC is the world’s largest semiconductor foundry and uses a 28nm process, superior to Samsung. The appointment of Liang will be crucial for Samsung’s semiconductor and foundry business [...]

  Samsung today confirmed that their semiconductor and display business will be merged after they were separated in 2004. The move comes as the display division is facing losses and the merging of two different component business will help display division to offset their losses with burgeoning chip business. This has expectedly given way to [...]

  Samsung continues its expansion in the healthcare business by entering into a joint venture with US-based Quintiles Transnational Corp. Samsung will invest 300 billion won or US$266 million and will setup a plant in Songdo district of Incheon, near Seoul to produce biopharmaceutical drugs for cancer and arthritis. Samsung Electronics and Samsung Everland will [...]

  Samsung Electronics has been rated as the Most Admired Company for eight straight years. In a survey by Korea Management Association Consulting (KMAC), companies like Samsung, POSCO, Yuhan Kimberly, Hyundai etc. have been rated as the most respected companies in South Korea. The survey comprised of industry executives, security analysts, consumers as well as [...]

  Samsung has announced a new President and CEO for its Electronics operations in America. Yangkyu (Y.K.) Kim will take place of C.S. Choi as Choi will return to Korea as an Executive Advisor to Samsung’s global Vice Chairman and CEO, Mr. G.S. Choi. Kim will assume the position effective immediately and will overlook the [...]

  The only son of Samsung Electronics’ Chairman, Lee Jae-yong has been promoted to the post of President in Samsung’s flagship Electronics subsidiary. Jae-yong will also hold its current Chief Operating Officer (COO) position. Meanwhile, Choi Gee-sung, CEO of Samsung Electronics will also assume the position of Vice Chairman in Samsung Electronics. The management reshuffle [...]

  Founding owner of Samsung Group and Samsung Electronics’ chairman, Lee Kun-hee has confirmed that his only son, Lee Jae-yong will be promoted from the Chief Operating Officer (COO) position to the President in Samsung Electronics. The confirmation came from Lee when he was asked about the news swirling about his son’s promotion. One of [...]

  Samsung HQ in South Korea have sent 13 auditors to Australia to check on the region’s operations. The report from Smarthouse claims that the surprise audit is a result of a tip-off from a former Samsung executive alleging irregularities in the sale of second goods. Samsung auditors are currently probing 10-year old transactions and [...]

  Samsung has confirmed that Samsung Electronics’ Visual Display Division President, Boo-Keun Yoon will deliver a keynote speech at the upcoming CES exhibition. Yoon, who also addressed a keynote this year at the recently concluded IFA 2010 will be the second Samsung executive to give a keynote speech at the CES, which is said to [...]

  As expected, Samsung has announced its Q2 2010 results. The quarter ended on June 30, 2010 and Samsung has posted revenues of 37.89 trillion Korean won on a consolidated basis, which is a 17 percent increase YoY. Furthermore, Samsung recorded consolidated operating profit of 5.01 trillion won, a 88 percent increase YoY with net [...]