[THE INVESTOR] Samsung Electronics’ next flagship smartphone, tentatively dubbed Galaxy S8, is likely to come with a 5.5-inch, 4K UHD display, a market research firm said Wednesday. 　The Korean tech giant would become the first smartphone-maker to pack 4K resolution into its flagship smartphone, even though Sony last year released the Z5 Premium with such a panel. “Samsung Display showcased a 5.5 ultra-high definition 4K display with a pixel density of 806 ppi for virtual reality devices at the

South Korean prosecutors said Monday they had summoned an executive of Audi Volkswagen Korea for questioning on charges against the automaker that include selling cars that had not received required certification and fabricating test results on fuel efficiency. The executive in charge of certification of the Korean arm is reportedly to be summoned at least three to four times for testimony. During the investigation, he may become a suspect, industry watchers said. This is the first probe into th

[THE INVESTOR] Samsung Display’s shipments of organic-light emitting diode panels have more than doubled over the past year, as global smartphone manufacturers, including those in China, are increasingly adopting OLED displays. UBI Research, a local market research firm that specializes in OLED, estimates that Samsung’s OLED shipments have soared to about 86.7 million units in the first three months of this year. The research results were obtained by The Investor, an online English business webs

Tesla Motors, upbeat on soaring orders for its new $35,000 full-electric family sedan Model 3, seems to have already secured an upper hand in its upcoming talks with suppliers. 　Since the much-hyped prototype was unveiled in April, preorders have surged to 276,000 in just three days. Deliveries will start late 2017 but long lines at Tesla stores were reminiscent of the crowds at Apple stores for early models of the iPhone. (Tesla)Now parts makers, especially those making the key parts such as ba

Austria came close to becoming the first European Union country to elect a far-right head of state as postal ballots on Monday decided a knife-edge presidential vote in favour of the anti-immigration candidate‘s environmentalist opponent.The results were awaited nervously by governments across Europe, where populist anti-immigration parties have surged over the past year on concerns over a refugee influx, continued weak economic growth and high unemployment.After the election was too close to ca

 

Samsung Electronics plans to announce a new structure of employee titles next month that aims to promote talented workers based on performance regardless of age or years of experience. According to industry sources Sunday, a task force team within the human resource management division has worked on the revision since the company’s announcement of a new corporate vision “Start-up Samsung” in March.  Samsung has maintained a typical structure of five employee ranks that is common at other Korean

Samsung Electronics further widened the gap with runner-up Apple in terms of smartphone sales in the first quarter.According to research firm Gartner, Samsung’s smartphone sales were slightly up at 81.2 million units in the first three months of the year, making it the world’s largest smartphone-maker and earning it 23.2 percent market share. Its archrival Apple sold 51.6 million smartphones, which compared to 60.2 million iPhones sold in the same period a year ago. Its market share was down fro

A former Samsung Electronics worker who contracted leukemia after working at the company’s chip plant, urged Banolim, an advocacy group that has led related compensations talks, to stop its politically-intended fight and take more care of cancer-stricken victims and their families. “About 150 people have applied to get compensations and some 110 of them have been compensated. We think the compensation process is nearing its end,” Kim Eun-kyung said Wednesday in her message posted on a Samsung we

Saudi Arabia replaced its veteran oil minister with a close ally of the king’s increasingly influential son, Deputy Crown Prince Mohammed bin Salman, as the world’s largest crude exporter embarks on an economic overhaul designed to make it less reliant on energy.After more than two decades in the post, Ali Al-Naimi, who’s been the central player in scores of OPEC meetings and steered global crude markets through several boom-and-bust cycles, will be succeeded by Khalid Al-Falih, currently chairm

After nearly two years since he was first hospitalized, Samsung Electronics chairman Lee Kun-hee’s health is said to be stable currently. Even though the company does not reply to media inquiries about the chairman’s health, industry watchers assume that he is in stable condition but shows no sign of improving.  Samsung Electronics chairman Lee Kun-hee (Yonhap)“The chairman’s health is his private issue. We do not comment on it,” said a Samsung spokesperson, declining to be named. The Samsung pa

Samsung Electronics has recently set up a new task force to develop chips for self-driving cars, a local news daily reported Sunday. The decision came almost six months after the Korean tech giant launched a new separate team for automotive parts late last year under its chip business division. Citing unnamed sources, the daily said the task force consists of researchers from the chip division’s system LSI unit that produces non-memory chips for mobile application processors and image sensors fo

LG Electronics said Thursday its flagship smartphone G5 shipments have exceeded 1.6 million units globally since its launch a month ago. “We will see more than 3 million shipments in the second quarter,” the company said during a conference call when it reported a 65.5 percent surge in operating profit to 505.2 billion won ($440 million) in the first quarter from a year ago. Even though strong sales of home appliances, especially more lucrative premium models, elevated the company’s profits over

Samsung SDI said Thursday it posted 703 billion won ($ 614 million) in operating loss in the first quarter this year.Its total revenue, however, grew 7.6 percent on-year to 1.3 trillion won during the period, the battery-making arm of Samsung Group said in a regulatory filing.Its operating loss represents a 2,007-percent and 452-percent increase from a year and a quarter earlier, respectively.The firm said the larger operating loss was mainly attributable to 1.1 trillion won in one-off costs ref