Tag: samsung
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Samsung insurers plan to buy Canopius for $1.5 billion, newspaper says
SEOUL, Sept 3 : South Korea’s Samsung Group-affiliated insurers plan to acquire London-based reinsurance company Canopius by buying an additional 50 per cent stake for more than 2 trillion won ($1.47 billion), the Korea Economic Daily said on Thursday.Samsung Fire and Marine Insurance Co and Samsung Life Insu
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South Korea utility proposes Samsung pays $15 billion in advance for power, paper says
SEOUL, Sept 3 : Korea Electric Power Corp (KEPCO) has proposed Samsung Electronics pay 20 trillion won ($15 billion) in advance for power through to 2031 to help fund the expansion of its grid, the Chosun Ilbo reported on Thursday.It has also proposed that SK Hynix pay 5 trillion won in advance, the newspaper
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Samsung insurers plan to buy Canopius for $1.5 billion, Korea Economic Daily reports
SEOUL, Sept 3 : South Korea’s Samsung Group-affiliated insurers plan to acquire London-based reinsurance company Canopius by buying an additional 50 per cent stake for more than 2 trillion won ($1.47 billion), the Korea Economic Daily reported on Thursday.Here are a few details: • The two Samsung ins
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Samsung insurance firms to acquire Canopius for $1.5 billion, Korea Economic Daily reports
SEOUL, Sept 3 : South Korea’s Samsung Group-affiliated insurance companies plan to acquire London-based reinsurance company Canopius by buying an additional 50 per cent share for more than 2 trillion won ($1.47 billion), the Korea Economic Daily reported on Thursday.• The two Samsung insurers, Samsung Fire
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TCL sues Samsung for false advertising over ‘Mini LED’ televisions
Sept 1 : Chinese consumer electronics company TCL has sued South Korea’s Samsung in Los Angeles federal court, accusing its rival of falsely advertising some televisions as using “Mini LED” technology.The lawsuit, filed on Monday, alleges Samsung falsely marketed its M Model televisions as featuring the tech
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South Korea’s policy chief resigns after investments controversy
Top policy adviser Kim Yong-beom’s resignation came a day after President Lee Jae Myung’s administration announced a sweeping Cabinet reshuffle, including new finance and defence ministers, in an apparent bid to shore up its approval ratings.
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Samsung must pay Swatch Group US$11.6 million over ‘knock-off’ smartwatch faces
The digital watch faces mimicked designs from brands including Omega, Longines, Tissot, Breguet and Blancpain, with a London judge ruling that their presence on Samsung’s app store damaged Swatch Group’s interests.
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Samsung Electronics shares skid as record shareholder returns disappoint
SEOUL, Aug 24 : Shares of Samsung Electronics fell 8 per cent in early trade on Monday after the company’s record $79 billion shareholder-return plan disappointed investors who had expected a larger share of Samsung’s AI-fueled cash windfalls and greater clarity on share buybacks.The South Korean chipmake
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Samsung Electronics shares fall after shareholder return announcement
SEOUL, Aug 24 : Shares of Samsung Electronics fell more than 5 per cent in early trade on Monday, after the South Korean chipmaker said last week its shareholder returns this year could reach up to 110 trillion won ($79.38 billion). The shares were down 5.2 per cent by 0013 GMT, while peer chipmaker SK…
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Samsung Electronics expects shareholder returns up to $80 billion this year
SEOUL, Aug 21 : Samsung Electronics said on Friday that it expects its shareholder returns for this year could reach up to 110 trillion won ($79.54 billion), which includes 30 trillion won in cash dividends in the third quarter. Samsung, which, like rival SK Hynix, has seen earnings soar as the AI boom create
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