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Samsung, LG Laptops Compete with Battery Performance

Samsung, LG Laptops Compete with Battery Performance

SEOUL, Jan. 23 (Korea Bizwire) – “Thinner” and “lighter” have long been the mantra for laptop manufacturers. The focus is now shifting to battery power in Korea, with two of the country’s largest laptop makers – Samsung Electronics and LG Electronics – highlighting the battery capacity of their latest computers.  Samsung added last month a [...]

“Black Cards” Coveted by Korea’s Most Affluent

“Black Cards” Coveted by Korea’s Most Affluent

SEOUL, Jan. 23 (Korea Bizwire) – Most can only dream of being issued an American Express Centurion Card, better known as the Amex “Black Card.” Korean credit card companies also offer similar cards for high net worth individuals, with expensive annual fees and high minimum spending requirements offset by a host of exclusive benefits.  In [...]

Korean Cars Making Steady Progress in German Auto Market

Korean Cars Making Steady Progress in German Auto Market

SEOUL, Jan. 23 (Korea Bizwire) – According to the latest data from the German Association of the Automotive Industry (VDA) and the Korea Automobile Importers and Distributors Association, Korean automakers sold 171,147 units in Germany last year, up 2.8 percent compared to 2015 (166,563).  Although Hyundai Motor Company saw its sales drop by 1.1 percent [...]

Samsung Says Faulty Battery Was Main Cause of Galaxy Note 7 Fires

Samsung Says Faulty Battery Was Main Cause of Galaxy Note 7 Fires

SEOUL, Jan. 23 (Korea Bizwire) – Samsung Electronics Co. said Monday its monthslong probe into what caused some Galaxy Note 7 smartphones to catch fire has established that faulty batteries were the main problem, not the smartphone’s hardware design or software.  “Our investigation, as well as investigations completed by three independent industry organizations, concluded that [...]

Hyundai Heavy Predicted to Have Swung to Black in 2016

Hyundai Heavy Predicted to Have Swung to Black in 2016

SEOUL, Jan. 23 (Korea Bizwire) – Hyundai Heavy Industries Co. and its two local rivals — Daewoo Shipbuilding & Marine Engineering Co. and Samsung Heavy Industries Co. — are estimated to have recovered last year from their worst-ever performance the previous year, industry sources said Monday.  But their improved earnings may have come from their [...]

Ssangyong Motor Turns to Black for First Time in 9 Years

Ssangyong Motor Turns to Black for First Time in 9 Years

SEOUL, Jan. 23 (Korea Bizwire) – Ssangyong Motor Co., the local unit of Indian carmaker Mahindra & Mahindra Ltd., is believed to have posted an operating profit in 2015 for the first time in nearly a decade, market observers noted Monday.  The observers estimated the company’s operating profit at 50 billion won (US$42.5 million) last [...]

S. Korea Introduces 24-Hour Capsule Hotel at Incheon Airport

S. Korea Introduces 24-Hour Capsule Hotel at Incheon Airport

SEOUL, Jan. 20 (Korea Bizwire) – Small but fully equipped and furnished rooms will begin accommodating passengers at South Korea’s Incheon International Airport, providing a private and comfortable place to rest at the bustling airport, the transportation ministry said Friday.  The new capsule hotel opened Friday with 30 container-size rooms on each side of the [...]