Samsung’s products are regular recipients of the world-renowned International Design Excellence Awards (IDEA) and this year is no different. Samsung today announced that they have won 48 awards, which includes seven Silvers, three Bronzes and thirty-eight finalists. The award has been hosted by the Industrial Designers Society of America (IDSA) since 1980 and awards products […]
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Samsung’s JY Lee won’t contest the prison verdict
Big news to come out of South Korea last week was Samsung’s Jae-yong Lee (JY Lee) receiving a 30-month prison sentence from an appeals court. Considering Lee as the de facto leader of the Samsung Group and after his father’s recent passing, it was expected that he would file an appeal with the Supreme Court […]
Samsung announces earnings guidance for Q4 2020
It’s the month after the end of another quarter and as expected, Samsung has announced the earnings guidance for Q4 2020. According to the estimates based on K-IFRS, Samsung’s consolidated sales and operating profit stood is in the range of 61 trillion won and 9 trillion won respectively. This approximate figure is higher than the […]
Samsung founder’s son, Lee Kun-hee dies
Samsung today confirmed that its chairman, Lee Kun-hee (left) passed away died on Sunday. The cause of his death is not clear but Lee Kun-hee, 78, was bedridden and out of public limelight after suffering a heart attack six and a half years ago. Lee is the person for Samsung’s success that we see today. […]
Samsung releases Earnings Guidance for Q2 2020
Every quarter Samsung releases earnings guidance to give media, analysts and investors an idea as to how the company performed in the recently concluded quarter. Today, Samsung has released the same for Q2 2020 and the figures based on K-IFRS, Samsung estimates the consolidated sales to reach 52 trillion Korean won and consolidated operating profit […]