All Posts Tagged With: "Samsung"

Following Arrest of Samsung’s Jay Lee, Mentor Seen as Stepping Up

The arrest of Jay Y. Lee the scion of the Samsung Group on charges of bribery could slow down decisions on strategic acquisitions and investments at the conglomerate, said insiders, even with many of its businesses under strong leadership. Although business is well at Samsung Electronics, the flagship company, big calls must be made and […]

Authorities Raid Pension Fund at Samsung

Prosecutors in a South Korea investigation surrounding a corruption scandal of the president and her close friend raided a pension fund of Samsung the largest business group in the country Wednesday as public outrage increases over the alleged link of Samsung to the scandal. An official with the prosecutor’s office has said that investigators entered […]

Samsung to Acquire Car Tech Company Harman

Samsung Electronics released a statement on Monday saying it would acquire Harman International Industries for $8 billion marking a huge push into the market of auto electronics and the largest acquisition overseas ever by a company in South Korea. The consumer electronics giant had previously shied away from large acquisitions, but this deal underscores a […]

Samsung Recall of Note 7 Enters Exchange Phase

On Monday, Samsung started its exchange program for the Galaxy Note 7, giving owners of the smartphone in South Korea its back yard, the opportunity to replace their devices that are prone to start on fire. This is the latest phase of its costly recall, said the largest maker of smartphones in the world, which […]