[THE INVESTOR] Samsung Electronics’ European sales proportion of its entire revenue has been on a downward trend in recent years, according to the tech giant’s sustainability report on July 3. Samsung earned 38.6 trillion won (US$33.6 billion) in 2015, which takes up 19 percent of the firm’s overall revenue, at 200.7 trillion won, in the European region, including countries belonging to the Commonwealth of Independent States.Participants in the Samsung Europe Forum, a showcase event held in Mona

[THE INVESTOR] Samsung Electronics has helped build smart factories for 105 small and medium enterprises during the first half of the year, the company said July 4.Starting with support to 120 SMEs in North Gyeongsang Province last year, the electronics company has accelerated its steps to build smart factories in other regions including Gyeonggi Province, Jeolla provinces and Chungcheong Province, with the total number currently reaching 225.  Saehan TungstenThe tech giant said it aims to sprea

[THE INVESTOR] Samsung Electronics’ sales in China continued its downward spiral for the third consecutive year in 2015, according to a report released by the tech giant on July 3.The annual revenue in the Chinese market continued to decrease from 40.1 trillion won (US$34.9 billion) in 2013, 33 trillion won in 2014 and 31 trillion won in 2015, according to its sustainability report 2016, an annual report that provides information on the firm’s performance on economic, environmental, and social f

[THE INVESTOR] Samsung Electronics, which has continued streamlining its workforce on its home turf, reduced more than 10,000 employees in the all-important Chinese market last year, according to its recent sustainability report. According to the report published on July 3, a total of 325,677 people worked at the Korean tech giant last year globally, compared to 319,208 workers in 2014. Only Southeast Asia and Japan saw their employee numbers increase over the past year. Especially in Southeast

[THE INVESTOR] Korean chipmakers, including the top two Samsung Electronics and SK hynix, are expected to pour a combined 37.8 trillion won (US$33 billion) into wafer fabrication equipment or WFE in the next three years. Starting US$10.02 billion this year, the companies will invest more than US$10 billion every year in the coming years, according to a recent research jointly conducted by market research firm Gartner and chip equipment giant Applied Materials. Samsung’s wafer fabrication facilit

[THE INVESTOR] Tech giant Samsung Electronics’ consumer electronics business is forecast to see its operating profit for the April-June period surpass 1 trillion won ($870 million). Market analysts also expect Samsung to show a strong business performance in the latter half this year, enjoying the weak Korean won due to Britain’s vote to exit the EU. The CE business will likely see its operating income for the second quarter cross 1 trillion won for the first time since 2009, according to invest

 [THE INVESTOR] Samsung Group’s electronic components businesses, including Samsung Electro-Mechanics, and Samsung SDI, are forecast to show disappointing earnings results for the April-June period, according to market analysts.Samsung Electro-Mechanics will post 21.7 billion won ($18.9 million) in operating income, down 49.4 percent from the previous quarter, with its revenue coming in at 1.6 trillion won, up 2.6 percent from the first quarter, according to a recent investment report released b

[THE INVESTOR] Samsung Display has decided to replace one of its liquid-crystal display plants with organic light-emitting diode panel-making production lines in a move highlighting the firm's resolve to focus on the latter.  This is the sixth such LCD plant that Samsung has shut down or replaced with OLED operations. Industry sources said on June 30 that the display-making unit of Samsung Electronics will stop the operation of its LCD production line in Asan, South Chungcheong Province, by the

[THE INVESTOR] Tech giant Samsung Electronics said June 30 that it would join a project to build a tourist complex on Jeju Island. The tech giant said it has joined hands with land developer JCC to develop a smart energy grid fitted with environmentally friendly energy management systems in the Jeju Ora Tourist Complex, which is scheduled to be built by 2021. The resort to be built on 3.6 million square meters of land by 2021 will feature 7,650-seat convention center, hotels, condos, shopping ma

[THE INVESTOR] Display maker Samsung Display is reportedly planning to sell its liquid-crystal display equipment at its L7 manufacturing line in Asan, South Chuncheong Province.“Samsung Display is currently negotiating with India-based Twinstar Display to hand over the LCD manufacturing equipment at the L7 line to Twinstar Display,” reported online news outlet iNews 24 citing an anonymous source. “The potential deal will likely involve Samsung’s technical support for the Indian company as the la

[THE INVESTOR] Tech giant Samsung Electronics said June 29 that it has developed a small-sized antenna and a power amplifier that will accelerate the research and development and commercialization of 5G network devices.The new network technologies can be applied to both 5G base stations and end-user devices which utilize 28 gigahertz millimeter wave (mmWave) spectrum. The mmWave frequencies are expected to be one of the primary enablers of next-generation networks, according to Samsung.“This ach

[THE INVESTOR] Neusoft Corp. chairman Liu Jiren is seeking partnerships with Korean battery makers as it renews commitment to the futuristic electric vehicle battery business as its growth engine. “We are looking at the EV battery business as one of our new growth engine businesses,” he said in a recent interview with local paper on June 28. Neusoft Corp. chairman Liu Jiren.He hinted the company could seek partnership with Korean battery makers such as Samsung SDI and LG Chem, the leading player

[THE INVESTOR] IT solutions firm Samsung SDS said on June 29 that it would join forces with German software firm SAP to develop cloud systems for businesses.The two companies signed a memorandum of understanding for the partnership at its head office in Seoul on June 29.“We are proud to announce our partnership with Samsung SDS in enterprise cloud, one of SAP’s core services,” said Bernd Leukert, member of SAP’s products & innovations unit.Chung Yoo-sung (left), president and CEO of Samsung SDS,