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Samsung profit more than halves to KRW 6.2 tln in Q1
2019-04-05 09:04:00| Telecompaper Headlines
(Telecompaper) Samsung said expects revenues for the first quarter to fall to KRW 52 trillion from 60.56 trillion the year before and 59.27 trillion in the fourth quarter. The operating profit meanwhile will more than halve to KRW 6.2 trillion from 15.64 trillion year-on-year and 10.80 quarter-on-quarter.
Tags: samsung
profit
q1
halves
South Korea to return KRW 63 bln to Qualcomm following antitrust ruling
2019-03-21 08:32:00| Telecompaper Headlines
(Telecompaper) South Korea's antitrust regulator has canceled part of a penalty of KRW 273 billion (approximately USD 243 million) it previously levied against US mobile chip manufacturer Qualcomm, Yonhap news agency reports. The move by the Fair Trade Commission (FTC) came two months after the Supreme Court ruled that certain periods, during which Qualcomm offered exclusive rebates to LG Electronics in return for the South Korean firm buying its radio frequency chips, should be excluded from the penalty.
Tags: return
south
korea
south korea
LG Uplus to acquire 54% stake in CJ Hello for KRW 800 bln
2019-02-14 08:39:00| Telecompaper Headlines
(Telecompaper) Following the completion of CJ Hello's acquisition, LG Uplus is expected to become South Korea's second-largest pay-TV operator, with an estimated market share of 24.4 percent Yonhap news agency reports. The cable content will add to LG's existing IPTV services.
Samsung operating profit hits record high of KRW 17.5 tln
2018-10-05 09:06:00| Telecompaper Headlines
(Telecompaper) Samsung Electronics gave an earnings guidance for the third quarter, saying revenues climbed to KRW 65 trillion from 62.05 trillion the year before and 58.48 trillion in the previous quarter. The operating profit soared to a record high of KRW 17.5 trillion from 14.53 trillion year-on-year and 14.87 quarter-on-quarter.
Tags: high
record
operating
hits
Samsung announces KRW 25 trillion investment plan to boost growth businesses
2018-08-08 09:28:00| Telecompaper Headlines
(Telecompaper) Samsung announced plans to boost investments in businesses expected to drive its future growth. The company will spend KRW 25 trillion (EUR 19.2 billion) over the next three years, primarily led by Samsung Electronics, in the areas of artificial intelligence, 5G, automotive electronics components and biopharmaceuticals. In addition, the company will expand its venture capital investments to identify promising new businesses and technology.
Tags: plan
growth
investment
businesses