Chinese handset makers are fast gobbling up Samsung Electronics’ market share on their home turf.According to market research firm Counterpoint Technology Research, Samsung’s market share in the all-important Chinese smartphone market was 7.7 percent last year, down from 12.8 percent a year ago. Galaxy S7 EdgeThe previously No. 2 player in the market barely secured the sixth position. During the same period, Chinese companies have greatly increased their presence. Xiaomi topped the list with 14.

Samsung Electronics said Tuesday it has been named the best employer in Latin America by Top Employers Institute, a global HR certification agency based in the Netherlands. Samsung Electronics Brazil has won the award every year since it received the honor for the first time in 2014.Last year, four branches in Brazil, Argentina, Chile and Colombia were named the best employer. This year, two more branches in Panama and Mexico joined to win the industry’s top honor.Top Employers Institute picks “

Seoul-based SK hynix became the third largest chipmaker in the world for the first time in 2015, according to an industry report Tuesday.SK Group’s chip business affiliate earned $16.5 billion revenue -- the third largest in the world -- last year, taking up 4.8 percent of the global market share, according to a report released by market researcher IHS.The Korean firm pulled down its rival Qualcomm to the fourth place. The California-based chipmaker logged $16.4 billion in revenue.Samsung Electr

Mobile messenger operator to work with Chinese media firm for remakes

Samsung Group now ranks third in the world in terms of brand value while its archrival Apple remains the most valuable firm for the sixth consecutive year, according to brand consultant Brand Finance on Monday. Apple’s brand value this year, which stood at $145.9 billion, up from $128.3 billion last year, is almost double that of Samsung, which stands at $83.2 billion.The logo of Samsung Group.Samsung, which runs affiliates in various sectors including its flagship Samsung Electronics, saw its b

Tech behemoth vows to grow in-house start-ups

SAMSUNG’S NEW GALAXYS HIT SHELVES WORLDWIDE -- Samsung Electronics set up an experience zone for consumers to try the firm‘s latest flagship smartphones Galaxy S7 and S7 Edge in London. The Korean tech giant started worldwide sales of the handsets on March 11. (Samsung Electronics)

K-BANK’S HEAD OFFICE -- Employees of the K-Bank online-only bank, which will be incorporated in the coming months, pose with items featured in the Avengers movie series at an event to celebrate the bank’s first day at the office at The K Twin Tower in Gwanghwamun, Seoul, Monday. (KT)

Mobile messenger operator to work with Chinese media firm for remakes

Korean Go master Lee Se-dol has proved human intuition can still surpass the ever-evolving artificial intelligence technology, with his first victory against Google’s AI program AlphaGo. “This single win is so valuable and I would never exchange this with anything in the world,” Lee said after the victory on Sunday in Seoul. Demis Hassabis, CEO of DeepMind, the AlphaGo developer, also offered his respect to Lee’s victory. He said, “We are very happy about Lee’s victory. This is why we came here

After three straight defeats, Korean Go master Lee Se-dol finally won a victory against Google’s artificial intelligence AlphaGo in their fourth match on Sunday. Lee’s victory comes after he lost three straight games to the Google AI in their historic five-game match that started Wednesday in Seoul.“This single win is so valuable and I would never exchange this with anything in the world,” Lee said at a press conference right after the victory. Amid a close game, Lee attacked AlphaGo’s territory

After losing his third straight Go match against Google's artificial intelligence program AlphaGo Saturday, South Korean veteran Lee Se-dol said he simply didn't have what it took to win."I've never felt this kind of pressure," Lee told reporters after falling to AlphaGo by resignation in 176 moves. "I wasn't good enough to handle that kind of burden. I'd like to apologize (to people). I think they must have had high expectations, but I came out lethargic."By taking the first three matches, Alph

Former finance minister joins boardroom as new outside director

DEBUT OF GALAXY S7 -- Samsung Electronics releases its latest flagship smartphones Galaxy S7 and its Edge variant with a curved display via Korea’s three major mobile carriers SK Telecom, KT and LG Uplus in Seoul on Friday. The first Galaxy S7 customer (third from left) for KT poses with the mobile carrier’s innovative management center chief Lee Dong-soo (second from left), Samsung’s mobile sales team leader Kim Jin-hae (third from right) and the members of K-pop girl group Sistar at the launch