SEOUL, Mar. 2 (Korea Bizwire) — Samsung Electronics Co. dominated the global TV market for the 10th consecutive year in 2015, data showed Tuesday, on the back of the strong performance of its high-end models. Samsung took up 27.5 percent of the global TV market in terms of sales and 21 percent in shipments last [...]
SEOUL, March.1 (Korea Bizwire) – After dominating the home washing machine market internationally, LG Electronics plans to strengthen its stance in the commercial washing machine market. The company announced that it will jump into the global market for commercial washing machines, doubling the size of its business compared to last year. Commercial washing machines are [...]
SEOUL, Feb.16 (Korea Bizwire) – Kakao, the company behind the popular KakaoTalk messaging app, is launching a distribution service in which products are manufactured after having been pre-ordered. The company’s goal is to prevent resources from being wasted, and help boost revenues for manufacturers with good ideas. Kakao announced that it will start a service [...]
SEOUL, Feb. 1 (Korea Bizwire) - The number of feature phone users in South Korea declined sharply on-year in 2015 to hover below the 10 million mark, data showed Monday, reflecting the rising popularity of smartphones. According to data compiled by the Ministry of Science, ICT, and Future Planning, the number of feature phone users came [...]
SEOUL, Jan. 29 (Korea Bizwire) - Samsung Electronics Co. saw its presence in the Chinese smartphone industry fall on-year in 2015, data showed Friday, as local players continued to garner larger slices of the market. The South Korean tech giant, which stood as the No. 3 player in the Chinese market in the fourth quarter of [...]
SEOUL, Jan. 27 (Korea Bizwire) - Samsung Electronics Co. plans to provide large-sum bonuses for its employees in the semiconductor and smartphone sectors as a reward for last year’s performance, industry sources said Wednesday. Under the plan, Samsung Electronics will provide their workers what it calls overall performance incentive worth 50 percent of their annual salary [...]
SEOUL, Jan.27 (Korea Bizwire) – As LG Electronics announced the performance of its Mobile Communications (MC) business division (in charge of smartphones) for the fourth quarter of 2015, the industry response can be summed up as “It wasn’t bad, but the future seems dark”. The MC division reported a loss of 43.8 billion won in [...]
SEOUL, Jan.25 (Korea Bizwire) – The Korean Trade Promotion Corporation (KOTRA) announced that it published a report on ‘99 Innovative Products of the World’, which introduces innovative products produced by various small and medium-sized companies all over the world. One of the most noticeable products is ‘Strati’, a 3D-printed electric car, which will be manufactured [...]
SEOUL, Jan. 21 (Korea Bizwire) – South Korea officially kicked off its multi billion-dollar project Thursday to produce homemade fighter jets over the next decade. Under the Korean Fighter Experimental (KF-X) project by the Defense Acquisition Program Administration, contractor airplane maker Korea Aerospace Industries Ltd. (KAI) will come up with six units of a homegrown [...]
SEOUL, Jan.20 (Korea Bizwire) – An investigation has revealed that 4 out of 10 bidets manufactured in China lack or have poor flame retardant agents, and could cause burns to a user’s bottom. According to the China Economic Daily, the government investigated bidets from 45 companies manufactured in 15 cities, and discovered that 40 percent [...]