SEOUL, Aug. 8 (Korea Bizwire) — SK Telecom Co., South Korea’s largest wireless carrier, said Tuesday its second-quarter net profit rose 35 percent year-over-year driven by a one-off profit related to its investment in a U.S mobility company. Net income came to 347.8 billion won (US$265.8 million) in the April-June period, up 34.8 percent from [...]
SEOUL, Aug. 8 (Korea Bizwire) — A male Siberian tiger, classified as an endangered species, has died under unknown circumstances at a zoo near Seoul, officials said Tuesday. Seoul Grand Park reported the 10-year-old tiger, named Suho, abruptly died Sunday at the zoo in Gwacheon, south of Seoul. Despite showing no unusual symptoms earlier in [...]
SEOUL, Aug. 8 (Korea Bizwire) — Samsung Electronics Co. said Tuesday it had received more than 1 million preorders for its latest foldable phones in South Korea, a record high for the form factor. The South Korean tech giant said preorders amounted to 1.02 million units for the Galaxy Z Fold 5 and Z Flip [...]
SEOUL, Aug. 8 (Korea Bizwire) — LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Tuesday its second-quarter net profit rose nearly 32 percent from a year earlier, driven by its robust wireless business. Its net income amounted to 213.3 billion won (US$163.3 million) in the April-June period, up 31.7 percent from the year-ago [...]
SEOUL, Aug. 8 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. (LGES) said Tuesday it has set up a joint venture with China’s Huayou Cobalt Co. for battery recycling, as it diversifies supply channels to secure the stable sourcing of key raw materials. The agreement, signed Monday, commits the two to building [...]
SEOUL, Aug. 8 (Korea Bizwire) — The preference for larger TVs is gaining momentum amid the slowdown of the global TV market, prompting the display industry to anticipate a surge in demand for bigger screens. The average size of OLED TV panel shipments will increase from 58.8 inches last year to 60.2 inches this year, [...]
SEOUL, Aug. 8 (Korea Bizwire) — U.S. electric vehicle manufacturer Tesla Inc. has reversed its stance on providing safety diagnostic information concerning its vehicles to South Korea’s traffic authority. In mid-July, the Korea Transportation Safety Authority (KTSA) received safety diagnostic data related to vehicle operation and battery performance from Tesla. This data has led to [...]
SEOUL, Aug. 8 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. are poised to introduce a fresh array of offerings at IAA Mobility 2023, slated to take place from Sept. 5-10 in Munich, Germany, aimed at establishing dominance in the automotive electronics market. Samsung’s device solution (DS) division, responsible for the chip business, [...]
SEOUL, Aug. 8 (Korea Bizwire) — South Korea’s major IT companies are venturing into the non-face-to-face healthcare market in the latter half of this year. Local telecom giant KT Corp. finalized the trademark registration for KT MyCare, a remote care service catering to chronic conditions like diabetes, with the Korean Intellectual Property Office at the [...]
SEOUL, Aug. 8 (Korea Bizwire) — PASS, an identity authentication app provided by South Korea’s three mobile carriers, now enables passengers to board domestic flights without the need for a physical ID card or a boarding pass. The three telecom operators — SK Telecom Co., KT Corp. and LG Uplus Corp. — and the Korea [...]