Samsung Electronics today announced that they’ve been granted the Queen Royal Warrant as a TV/AV manufacturer. The British Royal Warrants are generally granted by the Queen, Duke of Edinburgh or the Prince of Wales to companies supplying good and services to the Royal Family for at least five years. In Samsung’s case, they have […]
Misc.
Samsung may spin off LCD business
Samsung Electronics today revealed in a regulatory filing that they may spin off its loss-making LCD business. Although nothing has been decided yet, the move, if happens, will be a result of the losses incurred due slump in LCD demand and increased competition from Chinese manufacturers. Samsung Electronics was considering to take over Samsung […]
KT unblocks internet access to Samsung Smart TVs
South Korea’s biggest fixed-line operator, KT finally restored internet connectivity to apps and services accessing from Samsung Smart TVs. The move is apparently a result of the ongoing negotiations between KT and Samsung. On this positive outcome, Korea Communications Commission (KCC) confirmed that Samsung has also agreed to withdraw its lawsuit from the court. […]
Samsung Chairman sued by brother for inheritance
Samsung’s chairman, Lee Kun-hee has been sued by his elder brother for inheritance. The eldest son of Samsung’s founder, Lee Maeng-hee has filed the complaint in the Seoul District Court asking a return of 8.24 million shares in Samsung Life Insurance which at today’s price translates to around 717 billion won and stocks in […]
USITC to investigate dumping of washing machines by Samsung, LG
South Korea’s Samsung and LG will be investigated by U.S. International Trade Commission over the alleged dumping of washing machines in the United States. The petition was put forth by Whirlpool Corporation last year who claimed the large residential washers from Korea were violating antidumping laws. The U.S. International Trade Commission (ITC) has made […]