• Behind bars, Samsung scion Lee sees his wealth top $2 billion

    11 days ago - By Reuters

    SEOUL - Jay Y. Lee, the billionaire heir to South Korea's Samsung Group, should find some comfort that its crown jewel Samsung Electronics Co Ltd has reported record profit every quarter since he was jailed in February, making him even richer.
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  • CEO of Samsung Electronics Resigns

    CEO of Samsung Electronics Resigns

    11 days ago - By Gizchina

    South Korean manufacturing giant, Samsung, may be experiencing a shake-up at least for the most important seat in the company as CEO and Vice Chairman, Kwon Oh-Hyun, plans to resign. Also dubbed “Mr. Chip” for his amazing achievements with Samsung in the memory chips line, Kwon will be resigning at a time when the company's operating profit is
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  • Head of Samsung's booming semiconductor business to resign

    11 days ago - By Phys.org

    The chairman of Samsung Electronics Co.'s board of directors, who has been the public face of the company after its de facto chief was jailed on corruption charges, said Friday he will resign next year to make way for a new leader.
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  • Samsung once again forecasts record-breaking profits

    Samsung once again forecasts record-breaking profits

    11 days ago - By Android Central

    Samsung forecasts an operating profit of $12.8 billion in Q3 2017.
    Samsung Electronics is losing a CEO , but the company itself is riding a high. In its earnings guidance for the third quarter , Samsung says it recorded operating profit of $12.8 billion on sales of $54.7 billion .
    Samsung is set to record a revenue hike of 29% from the same period a year ago, with operating profits going up a massive 178%. The latest figures highlight a third straight quarter of record profits for Samsung. Back in Q1 2017, Samsung posted a profit of $9.9 billion , its best-ever first quarter, and followed...
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  • CEO of Samsung Electronics resigns; company forecasts record Q3 operating earnings

    CEO of Samsung Electronics resigns; company forecasts record Q3 operating earnings

    11 days ago - By Phone Arena

    On Friday, Samsung announced that the CEO and Vice Chairman of Samsung Electronics, Kwon Oh-hyun, plans to resign. He is known as "Mr. Chip" for turning Samsung into the world leader in memory chips. The announcement shocked some Samsung followers. According to Park Ju-gun, head of research firm CEO Score, "The timing is nonsensical. Samsung tipped record earnings, it's going to be better in the fourth-quarter, and all that's been driven by Kwon's components business."
    In addition to announcing Kwon's resignation, Samsung said that it would report record third quarter operating earnings ...
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