South Korea says Samsung BioLogics violated accounting rules

Jul 12 2018

South Korea’s top financial regulator said that drug manufacturer Samsung BioLogics Co Ltd (207940.KS) had violated accounting rules and it will report the case to prosecutors for potential investigation.

India, South Korea aim to more than double trade to $50 billion

Jul 10 2018

India and South Korea signed 11 agreements on Tuesday to expand business ties and more than double mutual trade to $50 billion by 2030, a day after the premiers of the two countries launched a Samsung mobile phone factory near Delhi.

PM, South Korean President take metro ride to Noida

Jul 09 2018

Narendra Modi and South Korean President Moon Jae-in took a Metro ride to Noida.

Samsung India puts Noida on top with world's largest mobile factory

Jul 08 2018

The company is currently making 67 mn smartphones in India and with the new plant being functional, it is expected to manufacture nearly 120 mn mobile phones.

Samsung Elec says second quarter profit likely grew 5.2 percent, slowest pace in over 12 months

Jul 06 2018

Samsung Electronics estimated earnings would grow at the slowest pace in more than a year in the second quarter, as analysts said weak smartphone sales likely offset record high chip earnings.

Micron says China ban unfair but won't hurt revenue

Jul 06 2018

Micron said it expects quarterly revenue to be within the previously guided range of $8.0 billion to $8.4 billion.

Samsung India gears up for big business expansion on July 9

Jul 04 2018

Buoyed by its continuous growth, South Korean electronics giant Samsung India is set to announce a key business expansion to further cement its position in the country on July 9.

Samsung's second-quarter profit seen flagging as smartphone innovation dries up

Jul 04 2018

Samsung is expected to post its smallest profit growth in more than a year in Q2, as lacklustre sales of its premium Galaxy smartphones overshadow its highly profitable chip business.

US fund claims $175 million from South Korea over Samsung units' 2015 merger

Jul 03 2018

Mason has filed a legal claim seeking at least $175 mn from S Korean govt as compensation for damages it says it sustained from a 2015 merger of two Samsung affiliates.

Struggling smartphone maker HTC to slash 1,500 jobs in Taiwan

Jul 02 2018

HTC plans to slash around a quarter of its global workforce through job cuts at its manufacturing unit in Taiwan.

Indian Markets


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