Samsung to Work with Bank of Korea for Offline CBDC Payment Using NFC

Samsung and BOK will continue to explore new ways of developing a CBDC ecosystem and leverage the NFC technology to power offline CBDC payments. The latest development in the crypto space is that South Korean tech giant Samsung Electronics has decided to work with the central bank – Bank of Korea – in order to … Read more

Samsung Records Worst Profit Since 2009, Set to Cut Chip Production

Samsung attributed its low performance to the sliding demands from consumers that have a largely limited supply of its advanced chip technology. South Korean multinational technology giant Samsung Electronics Co Ltd (KRX: 005930) has revealed its plans to cut its chip production after reporting one of the worst quarters in more than a decade. According … Read more

Samsung Quarterly Profit Set for 92% Crash Not Seen in 14 Years as Memory Chip Surplus Continues

Analysts say that expected figures from Samsung will likely reveal a heavy crash in operating profit as the company struggles to sell chips. Samsung Electronics Co Ltd is expected to see an unprecedented crash in first-quarter profit. According to a Reuters publication, Samsung will likely suffer its worst profit crash in 14 years as it struggles … Read more

Chinese Giants to Compete With Apple and Samsung

Many Chinese companies are beginning to launch high-end products. It appears that the long-held dominance of Apple and Samsung over the high-end devices market is becoming increasingly under threat. According to a recent CNBC report, Chinese smartphone makers may just have begun making moves to ensure that the luxurious devices market is no longer dominated … Read more