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 […]
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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 inaugurates world’s largest mobile experience center in India
Exclusive stores seem to be the need of the hour for brands in India and Samsung just went all-in with the new mobile experience center. Locate in Bengaluru, India, Samsung Opera House is a 33,000 sq ft property will be the world’s largest mobile experience center that will showcase “differentiated product experiences” built around Samsung […]
Samsung expands patent agreement with Qualcomm, will collaborate to develop different technologies
Samsung and Qualcomm today announced that the global patent cross-license agreement between them now extends to Samsung mobile devices and infrastructure equipment and as part of the agreement, Samsung will withdraw its interventions in Qualcomm’s appeal of the KFTC decision in the Seoul High Court. They’ve also announced a multi-year strategic relationship agreement wherein both […]
Samsung Earnings Guidance for Q4 2017
Just like every quarter, Samsung has released earnings guidance for the last quarter ending December 2017. According to the figures based on K-IFRS, Samsung says consolidated sales will be around 66 trillion won while the operating profit is said to be around 15.1 trillion won. As far as full-year estimates go, Samsung expects consolidated sales […]