Samsung Electro-Mechanics ’ earnings will likely miss market expectations due to temporary costs caused mainly by a series of business restructuring and layoffs in recent months, according to a market report on July 12. Hana Financial Investment sai... Read More
A new report this morning claims that Samsung Electronics is poised to issue guidance for its best quarterly profit in more than two years, propelled by a surgeA transient variation in the current and/or potential at a point in the circuit. in mobile earn... Read More
Samsung Group, a main driver of the Korean economy, is shedding workers.Some 2,800 employees, or 5.1 percent of the entire staff at five major Samsung affiliates, were slashed in the first quarter after the country’s top business group accepted appl... Read More
THIEF RIVER FALLS, Minn.–(BUSINESS WIRE)–Global electronic components distributor Digi-Key Electronics, the industry leader in electronic component selection, availability and delivery, was given Samsung Electro-Mechanics America, Inc.’s... Read More
As Samsung SDS has officially announced to spin off its logistics process outsourcing business, Samsung Group shows signs of business structure reshuffle again. The group merged Samsung C&T and Cheil Industries last year. Despite its denial, it is rum... Read More
Samsung Group’s affiliates saw their dependency on the group’s mainstay electronics unit fall in terms of sales in 2015 from a year earlier, industry data showed Wednesday, as they struggled to stand on their own two feet.Samsung Electronics, ... Read More
By a News Reporter-Staff News Editor at Health & Medicine Week –SAMSUNG ELECTRO-MECHANICS CO., LTD. (Suwon-Si, Gyeonggi-Do, KR) has been issued patent number 9293259, according to news reporting originating out of Alexandria, Virginia, by NewsRx... Read More
SEOUL — Samsung Electronics will shake up its personnel structure to foster a more horizontal culture, aiming to boost employee morale by encouraging communication. The South Korean company held a ceremony Thursday at it... Read More
Two Samsung affiliates are expected to be merged as the group moves to boost profitability by restructuring and dropping none-core assets.According to local market analysts familiar with the issue, the merger of Samsung SDI and Samsung Electro-Mechanics (... Read More
This year, a wage increase of Korean conglomerates’ employees will fall short of the previous year’s. This is because domestic companies are seeking to cut costs due to their poor performance caused by economic uncertainties at home and abroad... Read More
Samsung Electro-Mechanics and LG Innotek are concentrating on automotive electronic components. LG Innotek increased its sales of those components by 25% last year and Samsung Electro-Mechanics, which jumped into the business four years ago and organized ... Read More
Samsung Electro-Mechanics (Samsung Electro) said Friday that it saw marginal growth in annual revenue last year thanks to the company’s efforts to cut fixed costs.
In a regulatory filing, Samsung Electro said it generated 6.17 trillion won in annual... Read More
Except for Samsung Electronics, major affiliates of Samsung Group will see the drop in operating profits in the fourth quarter, compared to the previous year.
According to financial information provider WISEfn on Jan. 10, Samsung’s 12 affiliates, ex... Read More
Samsung Group announced executive promotions on Friday, which included four foreign employees and nine women elevated to executive positions.Following a president-level reshuffle earlier this week, the scale was modest compared to previous years.
The numb... Read More
Samsung is set to announce its year-end reshuffle of top management in group affiliates today, sources who are directly involved with the matter said Monday.
“This year’s management shakeup will be announced Tuesday, as what will happen to chief execu... Read More
Since he effectively took control of Samsung Electronics earlier this year, Vice Chairman Jay Y. Lee has shifted the focus of the group’s electronics affiliates to three futuristic business sectors: robots with artificial intelligence (AI), smart cars a... Read More