SEOUL, Dec. 27 (Korea Bizwire) — Most South Korean manufacturers expect their business conditions to worsen in the first quarter of 2024 due to sluggish domestic demand and high material costs, a poll showed Wednesday. A survey of 2,156 manufacturing firms nationwide put the business sentiment index (BSI) at 83 for the January-March period, down [...]
AMSTERDAM/SEOUL, Dec. 12 (Korea Bizwire) — President Yoon Suk Yeol began his state visit to the Netherlands by meeting with a group of Korean residents and vowing to upgrade the two countries’ relations to a “semiconductor alliance.” Yoon arrived in Amsterdam on Monday (local time) on a four-day visit aimed at strengthening cooperation between South [...]
SEOUL, Dec. 8 (Korea Bizwire) – In a highly anticipated move, Samsung is gearing up to launch its latest semi-premium smartphone, the Galaxy S23 FE, in the domestic market, heightening consumer expectations a day before its official release. According to industry reports, Samsung is set to release the Galaxy S23 FE in South Korea on December [...]
SEOUL, Nov. 28 (Korea Bizwire) — Samsung Electronics Co. said Tuesday its automotive and audio electronics subsidiary Harman International has acquired the U.S. music streaming platform Roon in a bid to expand its presence in the digital audio sector. The New York-based Roon is a comprehensive music management and listening solution catering to music enthusiasts, [...]
SEOUL, Nov. 27 (Korea Bizwire) — Samsung Electronics Co., the world’s largest maker of memory chips and smartphones, said Monday it has established a unit tasked with planning “future business,” as part of the electronics giant’s annual reshuffle of its top-level executives. The unit will be led by longtime Samsung executive Jun Young-hyun, currently vice [...]
SEOUL, Nov. 24 (Korea Bizwire) — South Korea’s tech giant Samsung Electronics Co. has been promoting Busan’s bid to host the 2030 World Expo with displays in major European cities, company officials said Friday. Samsung recently installed new billboards advertising the southeastern port city’s attractions and displaying a message of support for Busan’s expo bid [...]
SEOUL, Nov. 22 (Korea Bizwire) — The Asia-Pacific chief of British home appliance maker Dyson Ltd. on Wednesday issued an apology to South Korean consumers amid growing complaints over the company’s reportedly poor handling of customer service in the country. Rob Webster, head of Dyson’s Asia-Pacific division, said in a Korean-language statement that he “deeply [...]
SEOUL, Nov. 20 (Korea Bizwire) – Consumer grievances regarding Dyson, a renowned British brand positioned as a “premium” home appliance provider, have seen a substantial surge. Individuals who were drawn to Dyson products for their distinctive design, convenience, and exceptional features are encountering challenges with post-purchase services. Numerous instances have emerged where consumers, even months after [...]
SEOUL, Nov. 13 (Korea Bizwire) — South Korean chipmaker SK hynix Inc. said Monday it has started supplying its latest mobile DRAM chip to Chinese smartphone maker Vivo. The 16-gigabyte packages of Low Power Double Data Rate 5 Turbo (LPDDR5T), developed in January, will be installed in Vivo’s latest smartphone models, X100 and X100 Pro, [...]
SEOUL, Nov. 6 (Korea Bizwire) — LG Electronics Co., South Korea’s No. 2 home appliance maker, said Monday it has partnered with universities in the U.S. state of Alaska to develop high-performance heating, ventilation and air conditioning (HVAC) products that operate efficiently in extreme cold conditions. The company said it has formed a consortium with [...]