Samsung Group reshuffled its Corporate Strategy Office, a core unit for promoting future growth engines, by replacing the heads of all sub-divisions except for one, the company said on Wednesday. Boo Yoon-gyung, executive vice president of Samsung C&T Corp.’s Plant & Machinery Division was appointed head of the Corporate Strategy Office’s Corporate Strategy Team 2. Chung Hyun-ho, executive vice president of the Corporate Consulting Team was assigned head of the office’s Corporate HR Team, while

Samsung’s financial services have been suspended in the wake of a fire at Samsung SDS data center, which runs the system and stores backup data from Samsung’s financial affiliates. Samsung SDS said it blocked the server at the data center to prevent data loss. Samsung Card users appeared to be the biggest victims of the service disruption. Cash advances, online payments and text alerts were all suspended; while debit cards issued by Samsung and affiliated firms will be out of service until furth

Students ended their unprecedented, 24-day occupation of Taiwan's Parliament late Thursday after receiving assurances a Chinese trade pact they see as imperiling the island's autonomy would undergo legislative review.The pact would allow Chinese and Taiwanese service companies, including banking, telecommunication and tourism firms, to operate in each other's territory. Opponents who fear it could cost Taiwan jobs or even its democracy also criticized the ruling party's attempt to push the pact

China unveiled a plan Thursday to give foreign investors greater access to its stock market by allowing investors in Shanghai and Hong Kong to trade shares on each other's exchanges.Securities regulators in China and the semiautonomous Chinese territory of Hong Kong said that the stock exchanges in both cities would be connected in a pilot program.Authorized investors in Shanghai and Hong Kong will be able to buy and sell up to 23.5 billion yuan ($3.8 billion) of stocks in certain companies each

An Australian aircraft Thursday detected what may be the fifth signal coming from a man-made device deep in the Indian Ocean, adding to hopes that searchers will soon pinpoint the object's location and send down a robotic vehicle to confirm if it is a black box from the missing Malaysian jet.The Australian air force P-3 Orion, which has been dropping sonar buoys into the water near where four earlier sounds were heard, picked up a ``possible signal'' that may be from a man-made source, said Angu

South Korean Prime Minister Chung Hong-won asked the international community Thursday to extend support for the reunification of the two Koreas, stressing that a unified Korea will be a new global growth engine.He made the remarks during his keynote speech at the Boao Forum of Asia held in China's tropical island of Hainan. Chung is on his eight-day trip from Wednesday, which will also take him to Pakistan early next week."Our peaceful reunification will set out a novel blueprint for the future