SEOUL, Nov. 1 (Korea Bizwire) – Samsung Electronics’ subsidiary Harman has taken on the role of a hidden benefactor, as it announced its most significant quarterly operating profit ever in the third quarter of this year. On Tuesday, Samsung Electronics released its third-quarter earnings report, revealing that Harman achieved sales of 3.8 trillion won and an [...]
SEOUL, Oct. 31 (Korea Bizwire) — Samsung Electronics Co. said Tuesday its operating profit sank nearly 80 percent due to a protracted economic slowdown but its semiconductor business reduced losses on rising demand for premium memory chips. The world’s largest memory chip and smartphone maker logged an operating profit of 2.43 trillion won (US$1.8 billion) [...]
SEOUL, Oct. 26 (Korea Bizwire) — Samsung SDI Co. said Thursday its third-quarter earnings slid 2.5 percent on-year amid decreased demand for energy storage system (ESS) products and pouch battery cells used in smartphones. Consolidated net profit came to 622.4 billion won (US$459.3 million) in the July-September period, compared with 638.2 billion won from a [...]
SEOUL, Oct. 26 (Korea Bizwire) — SK hynix Inc. said Thursday it posted losses for the fourth consecutive quarter in the third quarter of this year but recovering demand for high-performance products helped narrow its operating deficit. The world’s second-largest memory chip maker said in a regulatory filing its operating losses amounted to 1.79 trillion [...]
SEOUL, Oct. 26 (Korea Bizwire) – A recent survey has revealed that LG Electronics leads in the category of home electronics most cherished by Korean consumers. According to CEO Score, a corporate data research institute, LG secured the top position with 586 products out of a total of 3,600 ranked within the top 300 in Naver [...]
SEOUL, Oct. 26 (Korea Bizwire) – A Samsung OLED promotional event held on the sunny shores of Santa Monica, California has garnered a tremendous response from local attendees eager to explore this cutting-edge technology. Organized by Samsung, the event offered consumers a unique opportunity to personally experience the exceptional performance and durability of Samsung’s product line. [...]
SEOUL, Oct. 22 (Korea Bizwire) – The number of employees in South Korea’s manufacturing sector in the last three months dropped at the fastest pace in 11 quarters amid a protracted economic slowdown, government data showed Sunday. A monthly average of 4.47 million people were hired by the manufacturing industry in the July-September period, down [...]
SEOUL, Oct. 19 (Korea Bizwire) –South Korea’s top steelmaker POSCO Holdings Inc. said Thursday it has completed a galvanized steel sheet plant for automotive structural parts in northeastern China. The factory located in Tangshan, some 100 kilometers east of the Chinese capital Beijing, has an annual capacity of 450,000 tons, POSCO Holdings said. In [...]
SEOUL, Oct. 19 (Korea Bizwire) — Hanwha Aerospace Co. said Thursday it won a 235.6 billion-won (US$174 million) component supply deal from British aircraft manufacturer Vertical Aerospace Ltd. Under the deal, the South Korean aerospace company will provide tilting and blade system components to be used in the VX4, Vertical Aerospace’s unmanned electric vertical take-off [...]
SEOUL, Oct. 19 (Korea Bizwire) – Kia’s labor and management recently reached a preliminary agreement on wages, and it includes an unusually large compensation package. What happened is that the labor union successfully used the “employment inheritance” issue as leverage. In simpler terms, they got significant compensation in exchange for removing a clause that should have been [...]