SEOUL, Jan.19 (Korea Bizwire) – ZMI, an affiliate of the Chinese electronics brand Xiaomi, will officially enter the Korean market through the 11st online shopping site. 11st announced that it signed an agreement with ZMI to cooperate in online sales on January 13, and set foot as the official online retail channel for the brand. [...]
SEOUL, Jan.18 (Korea Bizwire) – China’s Haier Group, which just inked a deal to take over General Electric’s appliance business, is entering the Korean market with a bang, offering what it calls a ‘half-price TV’. According to industry reports, Haier Korea launched a 32-inch HD LED model through its MOOKA TV brand, an online exclusive, [...]
SEOUL, Jan. 18 (Korea Bizwire) – South Korean panel giant LG Display Co. outpaced its archrival Samsung Display Co. in TV panel shipments last year on the back of increased sales in the Chinese market, data showed Monday. LG Display sold 55.3 million TV panels in 2015, up 6.4 percent from 51.9 million units sold [...]
SEOUL, Jan. 15 (Korea Bizwire) – Taiwan-born singer Tzuyu, a member of the popular girl group TWICE under South Korea’s JYP Entertainment, promotes a Huawei smartphone in advertisements that local mobile carrier LG Uplus Corp. has posted on YouTube and other online platforms. It’s no surprise that a foreigner appears on South Korean ads as [...]
SEOUL, Jan. 14 (Korea Bizwire) – Samsung Electronics Co. said Thursday it has delivered a letter of apology to the families of its workers who fell ill or died from working at its facilities, claiming that the eight-year-long dispute has came to an end. “On Thursday, Samsung Electronics Vice Chairman Kwon Oh-hyun met with [...]
SEOUL, Jan. 14 (Korea Bizwire) -LG Electronics Inc. said Thursday it has released a new wider screen laptop that weighs less than 1 kilogram and boasts a strong battery that lasts up to 10.5 hours. South Korea’s No. 2 tech giant said the Gram 15 laptop comes with a 15.6-inch display, but weighs only 980 [...]
SEOUL, Jan. 13 (Korea Bizwire) – Samsung Electronics Co. on Wednesday said it will start sales of the new Galaxy A series in South Korea later this week that comes with Samsung Pay, a mobile payment tool that previously only supported high-end models. The Galaxy A5 and the Galaxy A7 will hit store shelves Thursday [...]
SEOUL, Jan. 12 (Korea Bizwire) – Pantech Co., a struggling South Korean handset maker, said Tuesday it is targeting to post annual sales of 1.5 trillion won (US$1.23 billion) in 2018 by reforming itself and more aggressively tapping into new markets and business areas. Once South Korea’s No. 3 smartphone maker, Pantech was placed under [...]
SEOUL, Jan. 12 (Korea Bizwire) – Samsung Electronics Co. agreed Tuesday with victims of leukemia and other work-related diseases to ramp up efforts to improve working conditions at its plants in order to prevent workplace disasters. The deal, signed by representatives from Samsung Electronics and two groups representing the victims and their families, calls for [...]
SEOUL, Jan. 11 (Korea Bizwire) – South Korea’s No. 1 air carrier Korean Air Lines Co. said Sunday that it has signed a 400 billion-won (US$333.5 million) deal with the military procurement agency to mass-produce reconnaissance unmanned aerial vehicles (UAVs) as part of the government’s plan to build up its aerial mission capability. Under the [...]