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February 06, 2016 11:16 PM ET

Trading Companies and Distributors

Company Overview of Samsung C&T Corporation, Prior to Merger with Cheil Industries Inc.

Company Overview

As of August 31, 2015, Samsung C&T Corporation was acquired by Cheil Industries Inc. Samsung C&T Corporation engages in construction and trading businesses worldwide. The company constructs buildings; roads, bridges, tunnels, railroads, ports, airports, and hydraulic dams; LNG terminals and nuclear power plants; and apartments, as well as urban development projects. It is also involved in the trading of chemicals and industrial materials, including fertilizers, mining materials, petrochemicals, methanol, SMT equipment, process chemicals, and PX products; hot rolled, cold rolled, and stainless steel products; minerals comprising coal, copper, and rare metals; and textiles, palm oil, and wood ...

14, Seocho-daero 74-gil

Seocho-gu

Seoul,  137-956

South Korea

Founded in 1938

Phone:

82 2 2145 2114

Fax:

82 2 2145 3114

Key Executives for Samsung C&T Corporation, Prior to Merger with Cheil Industries Inc.

Samsung C&T Corporation, Prior to Merger with Cheil Industries Inc. does not have any Key Executives recorded.

Samsung C&T Corporation, Prior to Merger with Cheil Industries Inc. Key Developments

Nokia Receives Decision in Patent License Arbitration with Samsung

The International Court of Arbitration of the International Chamber of Commerce has issued its award for the binding arbitration between Nokia and Samsung. Nokia and Samsung had previously agreed that this would settle the amount of additional compensation payable to Nokia for the five year extension of their license agreement covering certain Nokia patents for the period beginning on January 1, 2014. This award covers part of the Nokia Technologies patent portfolio until the end of 2018. Nokia will continue to discuss with Samsung its other relevant intellectual property portfolios.

Unwired Planet, Inc. Wins German Cellular Essential Patent Infringement Case against Samsung, LG Electronics and Huawei

Unwired Planet Inc. announced that the Düsseldorf District Court in Germany issued its judgments that Samsung, LG Electronics and Huawei each infringe multiple Unwired Planet patents. The judgments come after an initial trial held in June 2015 against Huawei, and a multi-day trial held in late November and December 2015 against the other defendants. Confirmation of Infringement: The Düsseldorf District Court court held that the defendants’ LTE and GSM compliant handsets infringe three Unwired Planet patents: EP (DE) 2,119,287 and EP (DE) 2,485,514, and EP (DE) 1,230,818. With respect to infrastructure equipment, the court found that Samsung and Huawei’s infrastructure equipment infringes patent EP (DE) 2,119,287 but not patent EP (DE) 2,485,514. The defendants filed actions with the German Federal Patent Court alleging that the patents are invalid; however, the Düsseldorf court did not grant a stay of the proceedings. The court ruled that it did not find a sufficient likelihood that these actions, called 'nullity actions' in Germany, would be successful. In the German case, claimant Unwired Planet International Ltd. was represented by Ben Grzimek of the EIP Law Firm and Hosea Haag of the Ampersand firm.

Samsung Announces Executive Changes

Samsung replaced the head of its mobile business and promoted the chairman's daughter as the South Korean giant seeks to reassert its smartphone dominance amid a generational power transfer in the founding Lee family. In an annual personnel reshuffle, Samsung named Koh Dong-Jin, executive vice head of Samsung Electronics's mobile research and development, as the new head of mobile business. His predecessor, J.K. Shin, will still remain as head of the overall IT and mobile unit, but will "step back from day to day operations" to focus on long-term strategy. Shin took over the mobile division in 2011 and oversaw Samsung's rise to the world's number-one smartphone maker. But the unit has struggled of late against growing competition across all price segments -- from arch rival Apple's high-end iPhone to cheaper models churned out by smaller Chinese rivals like Xiaomi. Koh led the development of Samsung's latest devices including the Galaxy S6 smartphone and Galaxy Note 5 tablet.

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