SEOUL, July 3 (Korea Bizwire) – Hyundai Motor Co. said Monday its sales fell 16 percent last month from a year earlier hit by weakening overseas demand, particularly in the Chinese market. The country’s biggest carmaker by sales sold a total of 376,109 vehicles in June, down from 445,021 units a year earlier, the company [...]
SEOUL, Jul. 3 (Korea Bizwire) — South Korean shipbuilders, led by Hyundai Heavy Industries Co., are estimated to have clinched a record number of new shipbuilding orders in the first half of the year, with their combined tally more than doubling from a year earlier, industry data showed Monday. Hyundai Heavy and other local shipyards [...]
SEOUL, June 29 (Korea Bizwire) – Electronics and semiconductors have led the latest stock market boom in Asia’s fourth-biggest economy, data showed Thursday, amid expectations of solid corporate earnings helped by the global economic recovery. Stock prices of Samsung Electronics, SK hynix, and other electronics and semiconductor manufacturers rose 37.32 percent as of Tuesday from the [...]
SEOUL, Jun. 28 (Korea Bizwire) — South Korean electronics firm LG Electronics Inc. said Wednesday it plans to tap deeper into the global chiller market currently dominated by U.S. rivals. The South Korean tech giant said the chiller market could become a new growth engine for its air-conditioning business, claiming that its sales will grow [...]
SEOUL, Jun. 28 (Korea Bizwire) — Despite its high price tag, Samsung’s new high-end IoT refrigerator is receiving a warm reception from the public, with over two million people participating in a trial event of the state-of-the-art kitchen staple. Samsung’s online event dubbed ‘Smart Experience’, which began on June 15 and ran until last Sunday, [...]
SEOUL, June 28 (Korea Bizwire) – An ambitious South Korean SME is making a foray into the Vietnamese electric vehicle market. MBI, a company that specializes in producing automobile transmissions, announced plans on Tuesday to invest 113.5 billion won to build electric vehicle manufacturing plants in partnership with local investor N&G at the Hanoi South [...]
SEOUL, June 27 (Korea Bizwire) – Samsung Electronics Co. plans to release the refurbished edition of the ill-fated Galaxy Note 7 smartphone next month, industry sources said Tuesday. According to the sources, Samsung will release the smartphone under the name the Galaxy Note FE, with a price tag below 700,000 won (US$616). Official sales are [...]
SEOUL, Jun. 26 (Korea Bizwire) — This coming Thursday will mark the 10th anniversary of one of the more revolutionary pieces of technology developed in recent history. It reached Korean shores a full year and five months after its birth, brought over by KT into a practically non-existent smartphone market. It was met with astounding [...]
SEOUL, June 26 (Korea Bizwire) – Samsung Electronics Co. is expected to announce a plan to build a new production facility in the United States during President Moon Jae-in’s visit to Washington this week, industry sources said Monday. “As Samsung’s plan to build a factory for home appliances is virtually fixed, it is likely the [...]
BRAZIL, Jun. 23 (Korea Bizwire) — South Korean manufacturer Hanbyul ENC has landed a business deal in Brazil that will see the company build platform screen doors for the Santos subway. According to the Electronics and Telecommunications Research Institute (ETRI), the small South Korean company was able to win the contract thanks to the help [...]