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by Laure FILLON Agence France-Presse MARSEILLE, France (AFP) – The world’s top conservation forum will vote this week on whether to recommend a moratorium on deep sea mining, with scientists warning that ecosystems degraded while dredging the ocean floor 5,000 metres below the waves could take decades or longer to heal. The proposed ban is among a score of measures deemed too controversial to be decided remotely ahead of the International Union for the Conservation […]
by Claire LEE SEOUL, South Korea (AFP) — The jailed de facto leader of the giant Samsung group walked free on parole Friday, the latest instance of South Korea’s long tradition of freeing business leaders imprisoned for corruption or tax evasion on economic grounds. Lee Jae-yong — the 202nd richest person in the world according to Forbes, with a net worth of $11.4 billion — was serving a two-and-a-half year prison sentence for bribery, embezzlement […]
by Sunghee Hwang Agence France Presse SEOUL, South Korea (AFP) — Samsung Electronics, the world’s biggest smartphone and memory chip maker reported fourth-quarter net profits up by more than a quarter year-on-year Thursday, with coronavirus-driven working from home boosting demand for devices powered by its chips. But the figures were below market expectations according to Bloomberg News, and the company warned of persisting uncertainties over the pandemic, and lower profits in Q1 2021 due […]
by Sunghee Hwang SEOUL, South Korea (AFP) — The de facto chief of South Korea’s Samsung business empire was convicted Monday over a huge corruption scandal and jailed for two and a half years, in a ruling that deprives the tech giant of its top decision-maker. Lee Jae-yong, vice-chairman of Samsung Electronics, the world’s biggest smartphone and memory chip maker, was found guilty of bribery and embezzlement in connection with the scandal that brought down […]
SEOUL, South Korea (AFP) — South Korea’s billionaire business leaders lined up Monday to pay respects to the late Samsung Electronics chairman Lee Kun-hee, for decades the country’s richest and most powerful industrialist. Lee died aged 78 on Sunday, six years after suffering a heart attack that had left him bedridden. Under his leadership, Samsung became the world’s largest producer of smartphones and memory chips, and the firm’s overall turnover today is equivalent to a […]
by Sunghee Hwang Agence France Presse SEOUL, South Korea (AFP) — Samsung Electronics chairman Lee Kun-hee, who transformed the South Korean firm into a global tech titan, died at the age of 78 on Sunday, the company said. Under Lee’s leadership, Samsung rose to become the world’s largest producer of smartphones and memory chips, and the firm’s overall turnover today is equivalent to a fifth of South Korea’s GDP. Samsung’s meteoric rise helped make […]
by Sunghee Hwang Agence France Presse SEOUL, South Korea (AFP) — Samsung Electronics flagged a leap of nearly 60 percent in third-quarter operating profits Thursday, as its mobile and chip business were boosted by US sanctions against its Chinese rival Huawei. The South Korean tech giant said in an earnings estimate that it expected operating profit to reach 12.3 trillion won ($10.6 billion) for July to September, up from 7.8 trillion won in the […]
by Glenn CHAPMAN SAN FRANCISCO, United States (AFP) — Samsung on Wednesday unveiled a second-generation folding smartphone along with other new gadgetry aiming to jump-start sales in a market hit hard by the global pandemic. The consumer electronics colossus unveiled its latest lineup at a streamed “Galaxy Unpacked” event, aiming directly at remote work and education trends supercharged around the world by the coronavirus outbreak. “Our mission is to give you new ways to communicate; […]
by Glenn CHAPMAN SAN FRANCISCO, United States (AFP) — Samsung on Tuesday unveiled its second folding smartphone, a “Z Flip” handset with a lofty price tag aimed at “trendsetters.” The smartphone flips open, like a case, opening into a 6.7-inch screen, and fits in a pocket when folded. The ultrathin glass used for the screen can be folded and unfolded more than 200,000 times and resists scratches, according to Samsung. The Galaxy Z Flip will […]
SEOUL, South Korea (AFP) — Tech giant Samsung has said it will launch its hotly anticipated first foldable smartphone on Friday, months after faulty screens forced an embarrassing delay of its release. The world’s largest smartphone maker spent nearly eight years developing the Galaxy Fold, but had to hold its launch in April after reviewers reported screen problems within days of use. It was a major setback for the firm, which was hoping to spark […]
SAN FRANCISCO, United States (AFP) — Samsung on Wednesday unveiled a new-generation Galaxy Note large-screen handset starting at $950 and said it will work closer with Microsoft so that services function better across its array of devices. The Note 10 “phablet” which is set for release on August 23, comes in two sizes, with the larger beginning at $1,100. The price puts the model at the premium end of a cooling global smartphone market. The […]
SEOUL, South Korea (AFP) — Samsung Electronics surged more than four percent Tuesday on the back of its chief rival Huawei’s mounting problems, including a decision by Google to sever ties with the Chinese mobile phone maker. US internet giant Google, whose Android mobile operating system powers most of the world’s smartphones, said this week it is cutting ties with Huawei to comply with an executive order issued by President Donald Trump. The move could […]
