SEOUL, Aug. 22 (Korea Bizwire) – Samsung Electronics, which faces worries of poor sales in its smartphone business unit, has executed a total of 10 mergers and acquisitions since last year. The moves hint that Samsung is changing its management strategies after vice-chairperson Lee Jae-yong, the son of the ailing chairman Lee Kun-hee, came to [...]
SEOUL, Aug. 22 (Korea Bizwire) – In order to escape from the saturated domestic retail market and government’s regulations on large-scale retailers, Lotte Mart opened its first supermarket in Indonesia as a novel approach to expand its overseas sales. Lotte’s first supermarket in Indonesia is located in Kemang, a residential area heavily populated by middle- and [...]
SEOUL, Aug. 22 (Korea Bizwire) — Hanwha Life‘s online insurance program, Onsure’s viral marketing is successfully alluring the eyes and ears of 20s and 30s. Onsure produced webtoons – web-based cartoon episodes – and Youtube promotion videos featuring Park Jae-bum and NS Yoon-G, who are both well-known as top dancing performers of Korea. These products have engendered [...]
SEOUL, Aug. 22 (Korea Bizwire) — CJ Hellovision, CJ group‘s entertainment and media unit, will launch a mobile advertising service which will create maximum impact on marketing and be economical at the same time, for small-sized game development companies CJ Hellovision announced on August 20 that they have co-developed “Cross Shock”, a free mobile game advertisement [...]
SEOUL, Aug. 21 (Korea Bizwire) – Samsung Electronics is expected to use its own developed mobile modem chips capable to support CAT6 (LTE modem). According the industry, the System LSI division of Samsung is producing modem chip Exynos Modem 303. Modem chip is one of the system semiconductors and a core part for smartphones transforming radio frequencies [...]
SEOUL, Aug. 21 (Korea Bizwire) — The whole squad members of the SK Wyverns, a Korean professional baseball club, has united in one to show support for their American pitcher, Ross Wolf, and speedy recovery of his son. The Wyverns excluded Wolf from their roster on the August 17 game. An official in the club said, [...]
SEOUL, Aug. 21 (Korea Bizwire) — The rapidly spreading social philanthropic movement, “Ice Bucket Challenge” hits South Korea and is daring some of the most famous celebrities and sports stars to take the challenge and participate in its goodwill. One of the most-favored actors of Koreans, Cho In-Sung, posted an video of him getting a bucket [...]
SEOUL, Aug. 21 (Korea Bizwire) – With the partnership between the Export-Import Bank of Korea (Korea Eximbank) and the Investment Corporation of Dubai (ICD), it is expected that Korean firms will expand their business opportunities in infrastructure and energy market in overseas including the Middle East. According to the Eximbank, it has signed a memorandum of [...]
SEOUL, Aug. 21 (Korea Bizwire) – Kia Motors is challenging the fiercely competitive local sports utility vehicle(SUV) market with a full facelift of its third generation model of All New Sorento in five years after the total revamp of its previous lineup. The full-make up model of Sorento, Kia’s flagship SUV, has transformed into a premium SUV [...]
SEOUL, Aug. 21 (Korea Bizwire) – As the number of overseas subsidiaries to Korea-based companies rises, the financial authorities are strengthening their supervision on these companies’ accounting practices. According to the Financial Supervisory Service on August 20, of the 1,594 publicly traded companies that close their books in December as much as 76.2 percent (1,214 firms) [...]