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Prices For Key Staples Like Clothing, Electronics, Groceries Are Easing

After months of rising inflation as well as rates of interest, costs for crucial staples like groceries, apparel and also gas are ultimately boiling down. NBC’s Tom Costello records for TODAY.

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#Economy #Inflation #Money

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Samsung Electronics sets out to build 11 semiconductor plants in Texas over next 20 years

삼성, 20년간 250조원 들여 텍사스에 반도체공장 11곳 신설 추진

Samsung Electronics is poised… to expand… its manufacturing presence… in the U.S. state of Texas… over the next two decades… by building… 11 new chip plants.
According to documents… filed with Texas authorities… the South Korean tech giant has applied… for tax cuts… on a 167-point-6 billion dollar investment plan… for 9 new plants… in Taylor… and 24-point-5 billion dollars… for 2 new facilities in Austin.
Now… this is… in addition… to two factories… already in Austin… and… one…. that’s currently in operation… in Taylor.
Samsung reportedly plans… to create 10-thousand jobs… with its latest undertaking.

#Samsung #semiconductor #Texas

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2022-07-22, 14:00 (KST)

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S. Korea’s Samsung and LG Electronics lead global TV market

삼성, TV 시장 16년 연속 1위…LG는 2위로 역대 최고 실적

South Korean companies were again the number one brands last year in the global TV market.
According to market research firm Omdia, based in London,… Samsung Electronics had the biggest share of the global market in terms of sales value… at 29-point-5 percent.
That marks 16 years in a row it’s been number one.
Its domestic rival LG Electronics came second… with an all-time high market share of over 18 percent.
The two companies leadership in the market was backed by robust demand for their high-end TVs the QLED models from Samsung and the OLED models from LG.

#Samsung #LG #TV

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2022-02-21, 17:00 (KST)

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Samsung Electronics’ estimated operating profit in 2021 up 43.5% to around US$ 43 bil.

삼성전자 작년 영업이익 51조6천339억원…전년 대비 43.5%↑

South Korean tech giant Samsung Electronics has reported its highest-ever sales for 2021, led by its chip business and new phones.
Record-high sales at LG Electronics too… on its home appliance business… which is now the biggest in the world.
Eum Ji-young has more.
Samsung Electronics posted better than expected earnings in 2021.
According to the firm’s earnings guidance on Thursday,… its estimated operating profit last year was around 43 billion U.S. dollars,… around 44 percent higher compared to 2020.
This is the company’s third highest operating profit ever and the largest since 2018’s semiconductor boom period.
Sales hit a record 232 billion dollars,… up 18 percent compared to the year before.
Operating profit in the final three months of 2021 was around 11 billion dollars,… up 53 percent on-year.
The surprising earnings were led by semiconductors,… with 78 billion dollars in sales, making Samsung the world’s market leader,… topping Intel for the first time in three years.

“2021’s strong earnings were led by the rise in the average selling price of memory semiconductors in the first to third quarters in 2021 compared to the previous year. Another factor was an increase in the shipments of OLED products and an improvement in the profitability of smartphones.”

Samsung Electronics’ strong earnings were also largely due to its latest smartphone series,… including the Galaxy Z Fold 3 and Galaxy Z Flip 3.
One million of these new foldable phones were sold in the 39 days after their release and around eight million of Samsung’s foldable phone models were sold last year overall.
LG Electronics also posted an earnings surprise last year,… recording an all-time high in sales.
According to the company’s guidance report,… estimated sales came to about 62 billion dollars last year,… up almost 29 percent on-year.
This is the first time the company’s yearly sales figure has topped 70 trillion won which is about 58 billion dollars.
LG Electronics’ yearly sales ranked first among global companies for the first time,… beating America’s Whirlpool’s sales of around 22 billion dollars.
The company said strong sales of LG’s home appliances along with an expansion of major markets abroad have helped boost revenue.
Eum Ji-young, Arirang News.

#Samsung #profit #economy

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2022-01-27, 17:00 (KST)

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Samsung Electronics retains lead in world smartphone market share

삼성 스마트폰, 전 세계 43개국에서 점유율 1위

Samsung Electronics has retained its number one spot in the global smartphone market for this year’s third quarter.
A report from Counterpoint Research shows the South Korean tech giant held 20 percent of the market share from July to September followed by Apple’s fourteen and Xiaomi’s thirteen percent.
Samsung Electronics shipped 69-point-three million smartphones in the three-month period.
With increased competition, though, the number of countries where Samsung enjoyed a leading position dropped from 46 two years ago to 43 now.

#SamsungElectronics #smartphone #globalmarket

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2021-12-16, 12:00 (KST)

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Samsung Electronics unveils two new foldable smartphones: Galaxy Z Fold3, Galaxy Z Flip3

‘첫 100만원대’ 갤럭시Z폴드3, 카메라 숨기고 방수에 S펜까지

Samsung Electronics has unveiled a new set of devices at a virtual “Galaxy Unpacked” event.
Normally, the South Korean company would have released a new Galaxy Note,… but instead, it showcased two new foldable phones.
The reason?
Samsung says it sees foldable as the future of phones.
Bae Eun-ji reports.
At its Galaxy Unpacked event Wednesday night… Samsung Electronics unveiled its new set of devices.
Instead of a new flagship model of the Galaxy Note series… the tech firm unveiled two new foldable smartphones… the ‘Galaxy Z Fold3’ and the ‘Galaxy Z Flip3’.
The Z Fold3 is a smartphone that opens outward like a book.
The key feature of Z Fold3 is that it’ll support the S Pen… becoming Samsung’s first foldable smartphone to do so.
Along with its 7-point-6 inch wide screen… it’s equipped with an under-display camera, meaning the lens is hidden behind the display panel.
What’s also different from the previous version is that it’s now water resistant… so the phone can survive under 1-point-5 meters of water for up to 30 minutes.

“This is the new mainstream for smartphones. More accessible, more durable, and engineered for tailored, seamless experiences of the future.”

The Z Flip3,… which opens upward like the flip phones popular in the early 2000s,… is also water proof.

Samsung has also lowered the price of the Fold3 to one-thousand-800 U.S. dollars… which is 200 dollars less than the original price of the Z Fold 2.
The Z Flip3 is around one-thousand dollars,… also cheaper than last year’s model.
This is to expand the demand for foldable phones beyond Samsung’s normal devices.

“Foldable phones were pretty expensive and unaffordable for most people… because they cost over 2-million Korean won. So Samsung lowered the price, hoping more smartphone users buy these devices.”

Samsung also unveiled its new smartwatch, the Galaxy Watch 4… and its wireless earbuds, the Galaxy Buds 2.
Preorders for the devices start next Tuesday in South Korea … and the phones will be available in stores across Korea, U.S. and Europe from August 27th.
Bae Eun-ji, Arirang News.

#Samsung_Electronics #GalaxyZ #foldable_smartphone

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2021-08-12 07:00 (KST)

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Rioters in S. Africa loot and burn down LG Electronics TV Factory

남아공 폭동 확산에 군 배치 … LG공장 화재

Over in South Africa.
Troubles erupted after previous President Jacob Zuma was jailed, prompting authorities to send in the army.
Shops are robbed as well as buildings are melted.
Negatively affected are facilities belonging to South Korean tech company LG as well as Samsung.
Seoul’s Foreign Ministry swore to work carefully with the city government to safeguard Korean residents and also supply updates on any kind of further damages.
Shin Ye-eun has the latest.
Authorities fire rubber bullets at activists … escaping after robbery stores in Johannesburg, South Africa’s biggest city.

South Africa deployed soldiers on Monday to include the violent presentations.
Troubles began recently, … when fans of former President Jacob Zuma appeared to the streets to protest his jailing.
Approximately 30 people have actually been killed up until now, … according to state and provincial authorities.
As rioters burned down structures and looted stores, the owners saw their incomes lost.

” With all that’s taken place here, how are we now mosting likely to provide for our youngsters? I got here as well as located my shop in this state, and also all that I’m left with is this umbrella.”

Armed mobs also robbed a factory in Durban, … coming from the South Korean tech company, LG Electronics.
They appropriated TVs and computer displays, … as well as set the manufacturing facility on fire.
Damage was likewise reported at a Samsung logistics warehouse in KwaZulu-Natal Province.
Imported items saved in the storehouse, … were swiped.
No casualties have been reported in either location, … thus far.

The Korean Embassy in South Africa asked local police to go to the website and verify the range of the damage.
The Embassy stated the large number of activists appears to be making that hard.
South Korea’s Foreign Ministry will certainly continue to ask the South African federal government to shield Korean companies and the nation’s 3-thousand-3 hundred Korean citizens.
The Ministry will provide updates on any additional damage or casualties in the coming days.
Shin Ye-eun, Arirang News.

#South _ Africa #Riots #burn

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2021-07-13, 22:00 (KST).

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Samsung Electronics to provide Galaxy S21 Olympic Edition to all Olympic athletes

삼성, ‘갤S21 도쿄 올림픽에디션’ 1만7천대 선수단에 제공

Samsung Electronics will supply its Galaxy S21 Olympic Edition to all Olympic and also Paralympic professional athletes, going non-contact with its marketing approach ahead of the upcoming spectator-free showing off occasion.
As the around the world Olympic companion considering that 1988, South Korea’s tech titan will provide 17-thousand of their latest version smartphone featuring a Phantom Blue back panel with gold accents.
The Olympic logo has actually been placed on the back of the tool, although other key specs are the very same as the original design.
Samsung will certainly support the Olympic Games through to Los Angeles 2028, as well as the Youth Olympic Games, additionally till 2028.

#Samsung #GalaxyS 21 #Olympic

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2021-07-16 07:00 (KST).

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Samsung Electronics to provide Galaxy S21 Olympic Edition to all Olympic athletes

삼성, ‘갤S21 도쿄 올림픽에디션’ 1만7천대 선수단에 제공

Samsung Electronics will provide its Galaxy S21 Olympic Edition to all Olympic and Paralympic athletes, going non-contact with its marketing strategy ahead of the upcoming spectator-free sporting event.
As the worldwide Olympic partner since 1988, South Korea’s tech giant will offer 17-thousand of their latest edition smartphone featuring a Phantom Blue back panel with gold accents.
The Olympic logo has been put on the back of the device, although other key specifications are the same as the original model.
Samsung will support the Olympic Games through to Los Angeles 2028, as well as the Youth Olympic Games, also until 2028.

#Samsung #GalaxyS21 #Olympic

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2021-07-16 07:00 (KST)

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LG Electronics decides to shut down its mobile business after 26 years of operation

LG전자 모바일사업 철수 결정 … 사업 26년만

South Korea’s tech titan LG Electronics has actually determined to close down its mobile business permanently.
After running the system for 26 years, … the board picked Monday to entirely pull the plug on its mobile phone department.
Yet the business stated it would maintain employment of approximately three-thousand-seven-hundred employees that will certainly be redeployed to other departments.
It said the abandonment resulted from strong competitors as well as the continued decline in the smart phone maker’s sales.
LG Electronics supposedly sought to market the money-losing system but did not make much development in arrangements.
Its mobile phone organization has not made an earnings for 23 quarters in a row given that 2015.

#LG #Economy #mobile _ service.

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2021-04-05, 12:00 (KST).