At the 43rd Annual General Meeting, Samsung Electronics shareholders approved the spin off of the ailing LCD business. According to the motion passed, Samsung will create a new independent company called Samsung Display Co. (tentative) and will be launched on April 1 with an initial capital of 750 billion won. Park Dong-gun will assume […]
Misc.
Samsung Electronics conducts 43rd AGM in South Korea
Samsung Electronics today conducted its 43rd Annual General Meeting in South Korea. Samsung went through full year results which registered a consolidated revenue of 165 trillion won and operating profit of 16 trillion won. The revenue posted were an all-time high for Samsung and going forward, Samsung has promised to generate revenue growth and […]
Samsung along with other Korean companies fined for price fixing
Samsung along with other Korean manufacturers and operators have been fined by the Korean Fair Trade Commission (FTC) for price fixing. Samsung along with companies like LG, Pantech, SK Telecom KT Corp and LG Uplus have been found to artificially inflate the price of the handsets and advertise claiming about the incentives to the […]
Samsung South Africa to release SHOUT app to fight against crime
Samsung South Africa has teamed up with vehicle tracking company, Tracker and SHOUT SA to release a crime fighting app called SHOUT. The app will enable South African citizens to report crimes and emergencies or even donate to SHOUT SA, an initiative led by musicians Danny K and Kabelo that was setup after the […]
Dutch court turns down Samsung’s 3G patent infringement claim against Apple
The Hague court yesterday rejected Samsung’s 3G patent infringement claim against Apple. The court ruled that Samsung cannot ask for licensing fees from Apple for use of Qualcomm baseband chips since Samsung has a licensing deal with Qualcomm. However, on the bright side, they can claim their rights if Apple uses an Intel chip. […]