Tag Archives: samsung

Samsung Group freezes salaries

Samsung rules the roostSouth Korea’s lead chaebol, Samsung Group, announced on Thursday that it has decided to freeze salaries for its executives next year in an attempt to reduce costs, the first time since the 2009 global financial crisis. The income of approximately 2,000 executives at the business group, which includes Samsung Electronics Co. more»

Samsung starts mobile payments

Samsung advertising in TaipeiSamsung has bought US mobile wallet startup LoopPay, which is seen as an  intention to launch a smartphone payments service.

Mobile payments have been slow to catch on in the United States and elsewhere, despite strong backing. Apple, Google, and eBay PayPal have all launched services to allow users to pay in stores via smartphones and the stores themselves are expected to release a new standard of their own. more»