SEOUL, May 27 (Korea Bizwire) – Huawei’s recent patent lawsuit against Samsung Electronics came as a surprise. The suit is a major counterattack by a company that was once considered a latecomer to the mobile device market. As a matter of fact, the number of Chinese patent applications has maintained a double-digit increase in recent [...]
SEOUL, May 26 (Korea Bizwire) – South Korea’s state arms procurement agency on Thursday said it has picked U.S. company General Electric (GE) as the preferred bidder to supply engines for the country’s next-generation fighter jets. The U.S. company has been picked as the supplier for the Korean Fighter Experimental (KF-X) program, according to the [...]
SEOUL, May 25 (Korea Bizwire) – South Korean top tech giant Samsung Electronics Co. hinted Wednesday that it may take a counteraction against Huawei Technologies Co. after the Chinese company launched lawsuits claiming Samsung’s infringement of its patents. Earlier, the Chinese firm brought two suits against the world’s top smartphone maker in the U.S. state [...]
SEOUL, May 23 (Korea Bizwire) – Domestic electronics companies have not been able to escape the slow growth in the IT electronics industry. Total sales at the top 1,000 electronics companies have dropped by 11 trillion won in the past year, and 80 percent of all sales came from the ten ‘trillion-club’ companies. According to [...]
SEOUL, May 20 (Korea Bizwire) – Hyundai Motor Group was warned by Korea’s Fair Trade Commission (FTC) on Thursday for missing the deadline for selling off its cross shareholdings. Hyundai and Kia acquired 8.81 million new shares after merging two of their subsidiary companies, Hyundai Steel and Hyundai Hysco, in July 2015. The additional shares [...]
SEOUL, May 19 (Korea Bizwire) – Following Nissan, Suzuki is also facing allegations regarding emissions manipulation. Suzuki is the market leader in India, followed by Hyundai, and experts say the controversy could provide Hyundai with momentum to catch up to its competitor on Indian soil. According to the experts, India is one of the new [...]
ULSAN, May 16 (Korea Bizwire) – Although countless workers have been laid off amidst the economic slump plaguing Korea, specialized technicians serving in a number of important industries are prospering. Among them are ambidextrous welders at industrial plants, and technicians who smooth-bend and straighten thick metal plates in the shipbuilding industry. Joon-rak Lee is an [...]
SEOUL, May 16 (Korea Bizwire) – Hyundai Motor Group is extending its futuristic offerings beyond a recently-revealed wearable robot reminiscent of Iron Man. Following the latest photo releases of Iron Man look-a-like robot prototypes, Hyundai’s plans to develop advanced weaponry have also been revealed. The group’s subsidiaries, including Hyundai Motor, Kia Motor, Hyundai Mobis, Hyundai [...]
SEOUL, May 13 (Korea Bizwire) – Cash-strapped Hanjin Shipping Co., South Korea’s largest shipper, has joined a new alliance led by a German company amid its creditor-led debt restructuring, the company said Friday, but its local rival Hyundai Merchant Marine Co. was excluded from the group. The shippers have been suffering from ballooning debts and [...]
SEOUL, May 12 (Korea Bizwire) – South Korea’s top tech firm Samsung Electronics Co. maintained its status as the No. 1 player in the Indian smartphone market in the first quarter of the year, data showed Thursday, boasting strong sales from the mid-end segment to long-term evolution (LTE) models. The South Korean firm took up 25.1 [...]