The Korea Times close
National
  • Politics
  • Foreign Affairs
  • Multicultural Community
  • Defense
  • Environment & Animals
  • Law & Crime
  • Society
  • Health & Science
Business
  • Tech
  • Bio
  • Companies
Finance
  • Companies
  • Economy
  • Markets
Opinion
  • Editorial
  • Columns
  • Thoughts of the Times
  • Cartoon
  • Today in History
  • Blogs
  • Tribune Service
  • Blondie & Garfield
  • Letter to President
  • Letter to the Editor
Lifestyle
  • Travel & Food
  • Trends
  • People & Events
  • Books
  • Around Town
  • Fortune Telling
Entertainment
& Arts
  • K-pop
  • Films
  • Shows & Dramas
  • Music
  • Theater & Others
Sports
World
  • SCMP
  • Asia
Video
  • Culture
  • People
  • News
Photos
  • Photo News
  • Darkroom
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
  • The Korea Times
  • search
  • Site Map
  • E-paper
  • Subscribe
  • Register
  • LogIn
search close
Business
  • Tech
  • Bio
  • Companies
Thu, May 26, 2022 | 06:50
Tech
Facebook agrees Samsung on content, mobile
Posted : 2014-10-14 17:28
Updated : 2014-10-14 18:57
Print Preview
Font Size Up
Font Size Down
By Kim Yoo-chul

Top executives at Facebook and Samsung Electronics agreed to jointly develop mobile content.

The social network site looks to improve its mobile presence and Samsung needs to boost its content business.

Facebook CEO Mark Zuckerberg met with Samsung Electronics Vice Chairman and Samsung heir-apparent Lee Jae-yong at the Korean company's main office in Seocho, southern Seoul, late Tuesday.

This time marks the third Lee-Zuckerberg meeting since June, last year. Samsung mobile chief Shin Jong-kyun also attended the meeting, said officials.

The meeting was "win-win" for both, they said, give the values and advantages each has.

"As Facebook is focusing on an ecosystem in social networks, the company needs a trustable business partner in hardware and I believe Samsung is the right company," said one official.

Samsung Electronics recently unveiled the "Gear VR" a virtual headset. This is a collaboration with Facebook which bought Oculus.

Also, Samsung asked Facebook to collaborate on content as the Korean technology giant has recently been pushing its music streaming service to take off.

They also discussed some futuristic business projects because officials at Samsung Open Innovation Center in Silicon Valley also flew to Korea to address some challenging issues that the parties are facing.

But Samsung spokesman declined to comment.

The meetings is significant given the recent problems Facebook had with launching its new Home service on the HTC First, an Android smartphone which was billed as the Facebook phone, but has sold poorly.

Facebook Home, a variant of its own content, was also previously launched on the Samsung Galaxy S3, S4 and Note 2, suggesting that Facebook's relationship with Samsung is already healthy, and Zuckerberg will no doubt be looking to capitalize on that.

But it's highly unlikely that Samsung will manufacturer a "Facebook-only" mobile phone as the market is heading towards full saturation with the sector leaders suffering from huge operating losses.


Emailyckim@koreatimes.co.kr Article ListMore articles by this reporter
 
  • Gunman kills 18 children at Texas elementary school
  • Over 76% of Koreans support legalizing euthanasia
  • N. Korea fires 3 ballistic missiles, including 1 suspected ICBM: JCS
  • Will government establish new immigration agency?
  • Korea to allow visa waiver at Yangyang airport for int'l travelers from 4 countries
  • North Korea launches missiles to test Seoul-Washington deterrence
  • [INTERVIEW] Defender of inter-country adoptees' rights
  • Auditing firms compete to secure rookie accountants
  • Police forward Terraform Labs CEO home trespassing case to prosecution
  • Daewoo E&C offers health programs for workers
  • 'The Witch: Part 2' director still has more story to tell 'The Witch: Part 2' director still has more story to tell
  • Park Chan-wook returns to Cannes with romance 'Decision to Leave' Park Chan-wook returns to Cannes with romance 'Decision to Leave'
  • BLACKPINK on cover of Rolling Stone BLACKPINK on cover of Rolling Stone
  • Tim Burton's iconic world of misunderstood misfits returns to Korea Tim Burton's iconic world of misunderstood misfits returns to Korea
  • Former GFriend member Yuju sings on track for drama 'Kiss Sixth Sense' Former GFriend member Yuju sings on track for drama 'Kiss Sixth Sense'
DARKROOM
  • 75th Cannes Film Festival

    75th Cannes Film Festival

  • People in North Korea trapped in famine and pandemic

    People in North Korea trapped in famine and pandemic

  • 2022 Pulitzer Prize: Bearing witness to history

    2022 Pulitzer Prize: Bearing witness to history

  • Worsening drought puts millions at risk

    Worsening drought puts millions at risk

  • Our children deserve the best

    Our children deserve the best

The Korea Times
CEO & Publisher : Oh Young-jin
Digital News Email : webmaster@koreatimes.co.kr
Tel : 02-724-2114
Online newspaper registration No : 서울,아52844
Date of registration : 2020.02.05
Masthead : The Korea Times
Copyright © koreatimes.co.kr. All rights reserved.
  • About Us
  • Introduction
  • History
  • Location
  • Media Kit
  • Contact Us
  • Products & Service
  • Subscribe
  • E-paper
  • Mobile Service
  • RSS Service
  • Content Sales
  • Policy
  • Privacy Statement
  • Terms of Service
  • 고충처리인
  • Youth Protection Policy
  • Code of Ethics
  • Copyright Policy
  • Family Site
  • Hankook Ilbo
  • Dongwha Group