December 15, 1998 |
Ailing Samsung Motors has pulled the plug on its U.S. design studio in Huntington Beach, which will close at the end of the year. The 22 employees have vowed to stay together as a design team and hope to find a car maker or other major automotive-industry manufacturer with design needs to buy the studio and its state-of-the-art computerized equipment. Samsung Motors, which is scheduled to be acquired by Daewoo Motor Corp.
September 10, 2009 |
Samsung Electronics Co. of South Korea, the world's largest maker of liquid-crystal display televisions, may be barred from selling TVs and computer monitors in the U.S. after losing a patent case filed by Japanese rival Sharp Corp. The U.S. International Trade Commission in Washington said Wednesday that Samsung violated Sharp's patent rights and ordered both sides to submit arguments on whether an import ban should be imposed. In a notice on its website, the agency said it wanted to consider the effect of a ban on "competitive conditions in the U.S. economy."
February 7, 2002 |
Visitors to the Winter Olympics may walk away talking about more than just the medal winners and who crashed and burned on the slopes, thanks to an ultramodern fiberglass interactive visitor center at Olympic Square that offers a virtual snowball fight and live-action screenings of the Games.
July 26, 2005 |
South Korea's ambassador to the United States, embroiled in a widening scandal over an alleged political slush fund involving conglomerate Samsung Group, has offered his resignation, the South Korean presidential office confirmed today.
January 15, 2008 |
Special prosecutors raided the Samsung Group headquarters in a widening investigation into allegations that the massive conglomerate set up a slush fund to bribe influential figures. Yim Jun-seok, a Samsung spokesman, confirmed that investigators entered the strategic planning office at the conglomerate's headquarters in Seoul. He provided no details. The inquiry came after Kim Yong-chul, a former top legal affairs official at Samsung, alleged that the conglomerate set up a $215-million slush fund for paying bribes.
May 4, 1995
The Samsung Group, one of Korea's largest conglomerates, recently pledged a $3-million gift to Pasadena's Art Center College of Design. The gift is the largest donation in the college's 65-year history and is earmarked for student scholarships and programs to enhance the quality of teaching. The gift also will create the President's Samsung Discretionary Fund, with annual earnings to be directed into special educational projects.