SEOUL, Aug. 1 (Korea Bizwire) — With European authorities set to look into allegations of collusion involving a number of German carmakers, one South Korean lawyer has urged the government to follow suit to protect South Korean consumers. Ha Jong-sun, from the firm Barun Law, told the press on Monday that he had submitted a [...]
SEOUL, Jul. 30 (Korea Bizwire) — Expect crowded beaches and airports as major industries in the Ulsan area have begun official their official summer vacation. Depending on their line of work, however, the mood of some workers may be gloomier than usual. The shipbuilding industry’s well publicized struggles in the face of plummeting demand has [...]
SEOUL, July 28 (Korea Bizwire) – Samsung Electronics Co. said Friday it topped the U.S. home appliances market in the April-June period, standing as the No. 1 player for the fifth consecutive quarter. Citing the data compiled by U.S. market tracker Traqline, the South Korean tech giant said it remained the top company in terms [...]
SEOUL, Jul. 28 (Korea Bizwire) — Samsung Electronics Co. emerged as the world’s No. 1 chipmaker in terms of sales and operating profits in the second quarter, beating behemoth Intel Corp. market data showed Friday. The rise of Samsung is significant as Intel has been standing as the leading computer chip producer for some 24 [...]
SEOUL, July 27 (Korea Bizwire) – LG Electronics Inc., South Korea’s No.2 electronics firm, said Thursday its second-quarter net profit nearly doubled from a year earlier on the back of a steady rise in home appliance goods, but its mobile phone business continued to suffer losses due to weaker than expected sales of flagship smartphones. [...]
SEOUL, Jul. 27 (Korea Bizwire) — South Korean conglomerate Samsung’s startup supporting venture ‘Samsung Next’ has for the first time invested in a South Korean startup since its establishment five years ago. The latest beneficiary of Samsung’s investment scheme is Mobidoo, a small startup company with fewer than ten employees that specializes in payment solutions and mobile [...]
SEOUL, Jul. 27 (Korea Bizwire) — LG Display Co. said Thursday it will suspend making investments in liquid-crystal display (LCD) panels for TVs, and instead focus its efforts on developing the next-generation organic light-emitting diode (OLED) panels. “There will be no additional investment on LCD TVs,” said Han Sang-beom, the head of LG Display. “There [...]
SEOUL, Jul. 26 (Korea Bizwire) — SK hyinx Inc. said Wednesday it plans to allocate some 9.6 trillion won (US$8.5 billion) this year to expand its production facilities for dynamic random-access memory (DRAM) and NAND chips. Through a regulatory filing, the South Korean chipmaker said it expanded the amount of investment originally estimated at 7 [...]
SEOUL, July 26 (Korea Bizwire) – Samsung Electronics Co.’s share of the Chinese smartphone market for the second quarter is estimated at 3 percent, data showed Wednesday, remaining in doldrums as Chinese rivals continued to roll out price-competitive models. According to the data compiled by Counterpoint Research, Chinese smartphone makers took up 87 percent of [...]
SEOUL, Jul. 26 (Korea Bizwire) — Doosan Heavy Industries & Construction Co., South Korea’s top power equipment maker, said Wednesday that it has taken over a U.S. gas turbine service provider in a bid to boost its presence in the U.S. market. In June, Doosan Heavy said it signed a preliminary deal to buy ACT [...]