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Samsung halts business with Chinese supplier over child labour fears

Samsung halts business with Chinese supplier over child labour fears

Last Updated: Monday, July 14, 2014, 10:08

Samsung Electronics Co Ltd said on Monday it had suspended business with a Chinese supplier it suspected of employing child labour, less than a week after a U.S. watchdog report accused the supplier of using under-aged workers.

Samsung Electronics estimates Q2 operating profit of $7.1 bn

Last Updated: Tuesday, July 08, 2014, 05:41

Samsung Electronics estimated on Tuesday that its operating profit would plunge nearly 25 percent on year in the second quarter of 2014, hit by slowing smartphone sales and a strong won.

Samsung Electronics faces falling profits as succession looms

Last Updated: Monday, July 07, 2014, 10:15

Samsung`s cash cow handsets business is suffering from slowing market growth and improving product quality from Chinese manufacturers such as Huawei Technologies Co Ltd and Lenovo Group Ltd.

Samsung Display says to build $1 billion Vietnam plant

Last Updated: Thursday, July 03, 2014, 08:50

A subsidiary of South Korea`s Samsung Electronics Co Ltd said on Thursday it received approval to build a USD 1 billion display module assembly plant in Vietnam, its first production facility in the country.

Investment banks jockey for $100 million Samsung restructuring bonanza

Last Updated: Wednesday, July 02, 2014, 10:29

Investment bankers are jostling to win plum roles from the founding Lee family of Samsung Group, South Korea`s top fee-payer, as it prepares to hand the baton to the next generation in a restructuring that could land more than $100 million in advisory fees alone.

For Samsung heirs, little choice but to grin and bear likely $6 bn tax bill

Last Updated: Friday, June 06, 2014, 08:59

The heirs of ailing Samsung Group patriarch Lee Kun-hee face one of the biggest inheritance tax bills ever.

Samsung ties up with Vodafone, Aircel for billing integration

Last Updated: Thursday, May 15, 2014, 18:30

Samsung Electronics on Thursday said it has partnered with Vodafone and Aircel, wherein users can download applications and games from Samsung app store and make the payment through their mobile bill.

Samsung promises compensation over cancer claims

Last Updated: Wednesday, May 14, 2014, 14:18

Samsung Electronics promised on Wednesday to pay compensation to a number of employees who claim they contracted cancer from working at the company's semiconductor plants.

Samsung says chairman 'stable', no disruption

Last Updated: Monday, May 12, 2014, 13:54

Lee, 72, is largely credited with turning Samsung - founded by his father in 1938 - into a global brand which is now the world's top chip and smartphone maker.

Samsung Electronics chief Lee hospitalised after cardiac procedure

Last Updated: Sunday, May 11, 2014, 11:33

The chairman of Samsung Electronics Co, the flagship of South Korea`s biggest conglomerate, underwent a cardiac procedure on Sunday and is now recovering, the Samsung Medical Center said in a statement.

Asian stocks muted, Europe shows more life

Last Updated: Tuesday, April 29, 2014, 12:33

Activity in Asia had been very much muted with MSCI`s broadest index of Asia-Pacific shares outside Japan drifting off 0.25 percent.

Samsung Electronics sells 89 mn smartphones in Q1

Last Updated: Tuesday, April 29, 2014, 09:26

Samsung`s smartphone market share fell to 31.2 percent from 32.4 percent a year ago.