Business

Samsung announces $205 billion investment plan

Samsung Group unveiled a $205 billion investment blueprint on Tuesday aimed at making the company a leader in a range of technologies from semiconductors to robotics and creating 40,000 new jobs.

Consumer & Gadgets

What to except from Samsung Unpacked 2020 event

Samsung is kicking off the 2020 phone season next Wednesday with what's expected to be a slew of new Galaxy Note models, an updated Fold phone, and several other products.

Consumer & Gadgets

Samsung touts $2,000 foldable phone as a 'VIP' experience

Samsung's second attempt at a foldable smartphone will come with a $2,000 price tag and a few elite perks aimed at affluent consumers still able to afford the finer things in life during tough times.

Business

Samsung Electronics forecasts 11.4% rise in 2Q profits

Samsung Electronics expects operating profits in the second quarter to rise 11.4 percent, the South Korean tech giant said in a statement Thursday, despite ongoing global supply chain woes.

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Samsung Group

The Samsung Group (Korean: 삼성 그룹, Hanja: 三星 그룹 Samsŏng Kŭrup) (KRX: 005930, KRX: 005935) is the world's largest conglomerate by revenue, headquarted in Seocho Samsung Town, Seoul, South Korea. It is South Korea's largest chaebol and composed of numerous international affilated businesses, most of them united under the Samsung brand, including Samsung Electronics, the world's largest electronics company, Samsung Heavy Industries, one of the world's largest shipbuilders and Samsung Engineering & Construction, a major global construction company. These three multinationals form the core of Samsung Group and reflect its name - the meaning of the Korean word Samsung is "tristar" or "three stars".

Samsung has been the world's most popular consumer electronics brand since 2005 and is the best known South Korean brand in the world. Samsung Group accounts for more than 20% of South Korea's total exports and is the leader in many domestic industries, such as the financial, chemical, retail and entertainment industries. The company's strong influence in South Korea is visible throughout the nation, which has been referred to as the "Republic of Samsung".

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