Apple is offering rare discounts on its iPhones in China, cutting retail prices by as much as 500 yuan ($70) amid growing competitive pressure in the world’s biggest smartphone market. The U.S. tech giant cut prices of some iPhones by 5%, its Chinese website showed on Monday. The time-limited promotion, branded as a Lunar New […]
Samsung’s family members plan to sell Samsung Electronics and major affiliates’ shares to pay the inheritance tax imposed after the passing of former Chairman Lee Kun-hee in 2020. It has been reported that members of the Samsung family, including Hong Ra-hee, former Director of Leeum Samsung Museum of Art, Lee Boo-jin, President of Hotel Shilla, […]
SEOUL (Reuters) – Samsung Electronics Co Ltd (005930.KS) has ended mobile telephone production in China, it said on Wednesday, hurt by intensifying competition from domestic rivals in the world’s biggest smartphone market. The shutdown of Samsung’s last China phone factory comes after it cut production at the plant in the southern city of Huizhou in […]
Former South Korean President Lee Myung-bak has been jailed for 15 years and fined $11.5m on multiple corruption charges. Lee was sentenced in a Seoul court on Friday on charges of bribery, embezzlement and abuse of power. This makes Lee the fourth South Korean former leader to be jailed over corruption, following his successor’s imprisonment […]
