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  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 [...]

  It’s not wrong when you draw comparisons between two high-end phones, in this case, Samsung’s powerful Galaxy S and Apple’s iPhone 4. But when journalists asked questions to Samsung’s JK Shin related to iPhone 4 at Galaxy S’ launch in South Korea (that was barely after six hours), he turned it down because he [...]

  Samsung already has its Vision 2020 strategy and today they’ve announced another long-term plan to invest in environmental and healthcare industries till 2020. The five new areas where Samsung will make a total investment of 23.3 trillion won will be solar cells, rechargeable cells for hybrid electric vehicles, Light Emitting Diode (LED) technologies, biopharmaceuticals [...]

  As expected, Samsung Digital Imaging (SDI) will be a part of Samsung Electronics from tomorrow. The move disclosure had come late last year and was recently approved by the shareholders in South Korea. Even the European Commission gave a nod to the approval saying the merger “would not significantly impede effective competition in the [...]

  If you’re unaware, Lee Kun-hee who had resigned from his post in 2008 over fraud and ethics, returned to the Samsung Group as a chairman of Samsung Electronics. While the move is said to save Samsung from the crisis they’re facing, there is a mixed feeling about his return. KoreaTimes has done a detailed [...]

  Lee Kun-hee who had resigned couple of years back following his fraud and ethics scandal will join the Korean conglomerate soon. Lee, 68 will join the Samsung Group as a chairman of memory chips, mobile phones and TV units (Samsung Electronics) but won’t serve on the Board of Directors. Lee Kun-hee is the son [...]

  At the eve of Samsung’s first Android phone for South Korea, Shin Jong-kyun, head of Samsung’s mobile division told they’re looking to ship more than 18m smartphone units this year that will help them to pass HTC as world’s number 4 smartphone brand. Samsung reckons their key to success in the smartphone market is [...]

  It’s being reported that one of Samsung division’s vice president has been found dead outside his apartment. The 51-year old VP identified only by his surname Lee is said to have committed suicide after jumping off his apartment building. Police found a suicide note claiming he was stressed and burdened by the amount of [...]

  Samsung has announced a major organizational restructuring that has made way for a new CEO, COO and CFO. Geesung Choi has been named as the new President and CEO of Samsung Electronics while the current Vice Chairman and CEO, Yoon-woo Lee will now act as a Chairman of the Board of Directors. Jay Y. [...]

  For the uninitiated, Samsung celebrates its 40th anniversary today. And expectedly, they also announced their future strategy, which they call “Vision 2020″ or “Inspire the World, Create the Future”. Samsung plans to attain revenue of $400 billion by 2020 that will make them one of the top 10 companies in the world in terms [...]