SEOUL, Aug. 9 (Korea Bizwire) — Samsung Electronics Co. on Wednesday introduced a 1-terabit (Tb) V-NAND chip, which aims to meet growing market demand and technological developments in the field of data processing and storage systems. “The arrival of a 1Tb V-NAND chip next year will enable 2 terabytes of memory in a single V-NAND [...]
SEOUL, Aug. 8 (Korea Bizwire) – South Korea’s top auto parts maker Hyundai Mobis Co. said Tuesday it has built a plant capable of mass-producing parts for hydrogen fuel cell electric vehicles in a bid to preempt the global market. The company said the factory, located inside its existing eco-friendly vehicle parts complex in the [...]
SEOUL, Aug. 8 (Korea Bizwire) – Samsung Electronics Co. saw its presence in the Japanese smartphone market reach a four-year high in the second quarter, data showed Tuesday, helped by robust sales of the flagship Galaxy S8. According to the data compiled by industry tracker Strategy Analytics, Samsung Electronics sold 700,000 units of smartphones in [...]
SEOUL, Aug. 8 (Korea Bizwire) – Kumho Tire Co., South Korea’s second-biggest tiremaker by sales, said Tuesday that its second-quarter profit declined 26.4 percent from a year earlier on lower demand from major markets. Net profit reached 195 billion won (US$173 million) on a consolidated basis during the April-June period, compared with a profit of [...]
SEOUL, Aug. 7 (Korea Bizwire) — Just as video games have increased in popularity among adults, toys and collectible items like Bearbrick and Gundam are popping up on store shelves across the country, with their sometimes eye-watering prices a clear indication of the intended demographic – those above the legal drinking age. The typical consumers [...]
SEOUL, Aug. 3 (Korea Bizwire) — A new report has claimed South Korea’s ageing population will reshape the landscape of the country’s industry. The report from the Bank of Korea (BOK) released on Wednesday discusses the relationship between an ageing population and industrial structure, welfare and the healthcare service industry. In the report, Kang Jong-gu, the [...]
SEOUL, Aug. 3 (Korea Bizwire) — The global price for dynamic random-access memory (DRAM) chips rose 5.2 percent on-month in July, data showed Thursday, casting brighter outlook over second-half earnings for South Korean chipmakers. According to the data compiled by industry tracker DRAMeXchange, the average contract price for the mainstay DDR4 4Gb 512Mx8 2133MHz came [...]
SEOUL, Aug. 2 (Korea Bizwire) — Hyundai Robotics said Wednesday that it has secured a more than 20 percent stake in its listed affiliates in a move that made it eligible to become the holding company of Hyundai Heavy Industries Group. The company said it acquired the stocks through an open takeover offering that raised [...]
SEOUL, Aug. 2 (Korea Bizwire) — Daewoo Shipbiulding & Marine Engineering Co., a major shipyard here, handed over a 1,400-ton diesel-electric submarine to the Indonesian Navy on Wednesday, becoming the first South Korean company to export a submarine. The company said it held a ceremony at its Okpo shipyard on Geoje Island off the southern [...]
SEOUL, Aug. 2 (Korea Bizwire) — Daewoo Shipbuilding & Marine Engineering (DSME) has become the first South Korean company to export a submarine, joining the likes of the U.K., France, Russia, and Germany. According to DSME officials, a commemoration celebrating the delivery of a 1,400-ton submarine to the Ministry of Defence of the Republic of [...]