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Watchdog monitors Samsung's data center after fire to prevent data breach

SEOUL, April 21 (Yonhap) -- The Financial Supervisory Service (FSS) said Monday it has sent inspectors to a fire-damaged data center run by a Samsung affiliate to prevent any data breach. A fire erupted at the center operated by Samsung SDS Co. in Gwacheon, on the outskirts of Seoul, just past noon Sunday. The blaze was brought under control in the evening. No casualties were reported. The incident was still hampering services of Samsung's financial affiliates on Monday, knocking out a server and causing interruptions to online credit card services.

Top biz groups' retained earnings rate hits record high

SEOUL, April 20 (Yonhap) -- The retained earnings rate of South Korea's top 10 conglomerates reached record high levels in 2013 despite their pledges to increase investments and hiring, a report showed Sunday. The internal cash reserves of the 70 listed companies belonging to the largest business groups whose fiscal year ended in December stood at 1,578.5 percent, the report by FN Guide said. The figure marks a 164.3 percentage point gain from a retention rate of 1,414.2 percent tallied for the year before.

Samsung chief returns to Seoul, expected to oversee business reorganization

SEOUL, April 17 (Yonhap) -- Lee Kun-hee, chairman of Samsung Group, the country's biggest conglomerate, returned home Thursday to presumably oversee the group's reorganization after spending more than three months overseas. "As you can see, I am alright," Lee, 72, responded to reporters asking about his health. He did not answer any other questions.

Samsung chief returns to Seoul, expected to oversee business reorganization

SEOUL, April 17 (Yonhap) -- Lee Kun-hee, chairman of Samsung Group, the country's biggest conglomerate, returned home Thursday to presumably oversee the group's reorganization after spending more than three months overseas. "As you can see, I am alright," Lee, 72, responded to reporters asking about his health. He did not answer any other questions.

Samsung holds entrance exam for first-half hiring

SEOUL, April 13 (Yonhap) -- Samsung Group said Sunday it conducted its aptitude test to select new entrants for the first half of 2014, drawing about 100,000 people aspiring to work at affiliates of South Korea's largest conglomerate, which has repeatedly been chosen as job seekers' favorite employer. Samsung Group said it administered the Samsung Aptitude Test, called the SSAT, at 85 test venues nationwide. Samsung did not officially disclose how many new employees it will hire, but the prevalent view, given past records, is that it will accept around 4,000-5,000 people.

Samsung Heavy Industries wins 1.3 tln won order in Oceania

SEOUL, April 9 (Yonhap) -- South Korea's Samsung Heavy Industries Co. said Wednesday it has clinched a 1.3 trillion won (US$1.2 billion) deal with a shipper in Oceania to build two drill ships. Samsung Heavy Industries plans to deliver the vessels to the shipper by the end of June 2017, the company said in a regulatory filing. The contract amount is equivalent to 9 percent of the company's total sales last year.

Samsung 'selfie' flap now in hands of lawyers: White House

The controversy over a "selfie" photo of President Barack Obama and baseball star David Ortiz now is in the hands of attorneys, a White House official said on Sunday. The White House last week warned Samsung against using the president's likeness for commercial gain, after Ortiz used one of its cell phones to snap a picture of himself and the US president. The picture showed a beaming Obama alongside Ortiz, holding a Red Sox jersey presented by the team.

White House not pleased by Samsung's use of Obama-Ortiz selfie in ad

WASHINGTON - The White House is not amused that Samsung is promoting a selfie with the president taken by Boston Red Sox player David Ortiz on a Samsung phone. Spokesman Jay Carney says the White House objects any time the president's image is used for commercial purposes. Carney says in this case, quote, "We certainly object." Carney didn't say whether the White House has asked Samsung to stop using the image.

Samsung marketing machine snags Obama with Ortiz selfie; White House unaware of connection

NEW YORK, N.Y. - The latest pitchman in Samsung's marketing machine: an unwitting President Barack Obama. Boston Red Sox baseball player David Ortiz snapped a selfie with the president at a White House event using a Samsung phone and tweeted it to his followers Tuesday. It was resent by tens of thousands of Twitter users, and Samsung retweeted the photo as an ad. The company also said in a tweet that the photo was taken with a Samsung phone.

Samsung General Chemicals absorbs Samsung Petrochemical

SEOUL, April 2 (Yonhap) -- Samsung General Chemicals Co., an unlisted unit of South Korea's Samsung Group, said Wednesday that it will merge with Samsung Petrochemical Co., another unlisted subsidiary. The merged company, to be named Samsung General Chemicals, will be launched on June 1, with shareholders to get 2.14 Samsung General Chemicals shares for each Samsung Petrochemical share they have.
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