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Samsung Electronics Co., Ltd. is a global leader in technology, opening new possibilities for people everywhere. Through relentless innovation and discovery, we are transforming the worlds of TVs, smartphones, tablets, PCs, cameras, home appliances, printers, LTE systems, medical devices, semiconductors and LED solutions. We employ 286,000 people across 80 countries with annual sales of US$216.7.

Samsung buys startup LoopPay, moves toward mobile payments
REUTERS - Samsung Electronics Co Ltd has bought U.S. mobile wallet startup LoopPay, signalling its intention to launch a smartphone payments service to compete with a recent offering from rival Apple Inc.

Mobile payments have been slow to catch on in the United States and elsewhere, despite strong backing. Apple, Google, and eBay Inc's PayPal have all launched services to allow users to pay in stores via smartphones.

The weak uptake is partly because many retailers have been reluctant to adopt the hardware and software infrastructure required for these new mobile payment options to work. These services also fail to offer much more convenience than simply swiping a credit card, Samsung executives said on Wednesday.

SEOUL, Korea – July 8, 2014 – Samsung Electronics Co., Ltd. today announced its earnings guidance for the second quarter of 2014.
Consolidated sales:  Approximately 52.0 trillion Korean won

Range: 51.0 – 53.0 trillion Korean won)

Consolidated operating profit: Approximately 7.2 trillion Korean won

Range: 7.0 – 7.4 trillion Korean won)

 The above figures are consolidated earnings estimates based on K-IFRS


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