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KFTC Imposes $19.1 Million Fine on Broadcom for Unfair Practices Against Samsung Electronics

KFTC Imposes $19.1 Million Fine on Broadcom for Unfair Practices Against Samsung Electronics

SEOUL, Sept. 22 (Korea Bizwire) –  The Korea Fair Trade Commission (KFTC) has ruled that the U.S. semiconductor company Broadcom acted unfairly by forcing unfavorable long-term contracts (LTAs) on Samsung Electronics and disrupting the supply of smartphone components. As a result, the KFTC has provisionally imposed a fine of 19.1 billion won on Broadcom’s U.S. headquarters.  [...]

Samsung and LG Face Off Against Chinese Competitors in Battle for TV Supremacy at IFA

Samsung and LG Face Off Against Chinese Competitors in Battle for TV Supremacy at IFA

SEOUL, Sept. 5 (Korea Bizwire) — In the global premium TV market, Samsung Electronics Co. and LG Electronics Inc., two major players, have long engaged in a competitive battle for supremacy at IFA, the world’s largest consumer electronics and home appliances trade show, widely seen as the annual “TV battleground.” Their rivalry has manifested in [...]

Samsung Plans to Add Generative AI to Home Appliances Next Year

Samsung Plans to Add Generative AI to Home Appliances Next Year

BERLIN, Sept. 4 (Korea Bizwire) — Samsung Electronics Co. is working to add generative artificial intelligence (AI) features to its home appliances next year, an executive vice president has said at the IFA tech trade show in Berlin, to improve the homelife of each user. “We are preparing to apply generative AI technologies to our [...]

Samsung Lays Out Vision for Smarter, Sustainable Living at IFA

Samsung Lays Out Vision for Smarter, Sustainable Living at IFA

BERLIN, Aug. 31 (Korea Bizwire) — Samsung Electronics Co. on Thursday shared its vision and technological developments for what it sees as the future way of living: fully connected homes and an eco-friendly lifestyle. The South Korean tech giant highlighted its latest products and innovations, built for sustainable and smart living, at a press conference, [...]

Samsung Drives Win-Win Growth Through Subcontractor Support

Samsung Drives Win-Win Growth Through Subcontractor Support

SEOUL, Aug. 31 (Korea Bizwire) — Samsung Electronics Co. strives to attain win-win growth by offering consulting support to subcontractors in fields encompassing materials, components and equipment, with the goal of strengthening the foundation of the domestic semiconductor ecosystem. The tech giant’s professional consultants visit subcontractors to evaluate their operational processes and offer customized solutions. [...]

Samsung, LG Electronics to Focus on Eco-friendly, Sustainable Living at IFA 2023

Samsung, LG Electronics to Focus on Eco-friendly, Sustainable Living at IFA 2023

SEOUL, Aug. 30 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. have been gearing up for IFA 2023, set to open in Berlin later this week, to showcase their high-tech consumer products with a focus on sustainability. The annual IFA, which will open Friday and run until Tuesday, is Europe’s oldest and biggest [...]

Samsung Releases Limited Edition Galaxy Watch Inspired by Astrolobe

Samsung Releases Limited Edition Galaxy Watch Inspired by Astrolobe

SEOUL, Aug. 28 (Korea Bizwire) — Samsung Electronics Co. has unveiled a limited edition Galaxy Watch 6 Classic designed after an ancient celestial globe from the Middle East and North Africa. The Galaxy Watch 6 Classic Astro Edition draws inspiration from the astrolabe, a historical device utilized by ancient explorers and astronomers to determine time, [...]