SEOUL, April 10 (Korea Bizwire) — Retail investors from South Korea, who tend to seek high returns by tolerating high volatility, have sold off shares of NASDAQ-listed tech companies, data showed Sunday. Domestic investors purchased smartphone behemoth Apple Inc.’s shares worth US$582.1 million during the period from January 1 to April 7, according to data [...]
SEOUL, April 10 (Korea Bizwire) — LG Energy Solution Ltd. (LGES), South Korea’s top battery maker, said Sunday that its leadership team had embarked on a trip to the U.S. with the aim of recruiting exceptionally skilled professionals from around the world. The company on Saturday (local time) held its Battery Tech Conference (BTC), a [...]
SEOUL, April 8 (Korea Bizwire) — A ruling party lawmaker on Friday proposed a bill allowing for the death penalty for those convicted of drugging minors amid public outrage over a recent drug scam targeting students. The revision to the Narcotics Control Act tabled by Rep. Yoo Gyeong-joon of the People Power Party calls for [...]
SEOUL, April 7 (Korea Bizwire) — Samsung Electronics Co. and LG Electronics Inc. have announced their preliminary first-quarter results, and the outcome is a mixed bag. Samsung Electronics suffered a record earnings shock with its operating profit plummeting to a historic low, not only in comparison to LG Electronics but also to LG Energy Solution [...]
SEOUL, April 7 (Korea Bizwire) — It has been 12 years since the Fukushima disaster, and radioactive substances continue to be found in Japanese agricultural, fishery, and livestock products, civic groups claimed. The Korean Federation for Environmental Movements and the Korea Radiation Watch reported that 5.3 percent of 13,070 fishery products tested by Japan’s Ministry [...]
SEOUL, April 6 (Korea Bizwire) — China’s largest electric vehicle manufacturer, BYD, has introduced its T4K electric small truck to the South Korean market through its official importer, GS Global. At a showcase event in Seoul on Thursday, BYD’s 1-ton electric truck was unveiled, and it was announced that sales would commence. Surprisingly, BYD set [...]
SEOUL, April 6 (Korea Bizwire) — Church organizations are reluctant to penalize pastors who have committed sexual crimes, a civic group has claimed. The Korean Christian Alliance for Church Reform said that among 80 pastors who were convicted of sexual crimes between 2013 and 2022, only one of them has been penalized by church organizations. [...]
SEOUL, April 6 (Korea Bizwire) — Samsung Electronics Co. has been emphasizing the versatility of its mobile payment service, Samsung Pay, in its efforts to keep Apple Pay in check as the latter recently entered the South Korean market. “Samsung Pay was a groundbreaking change that enabled consumers to pay without having to separately subscribe [...]
SEOUL, April 6 (Korea Bizwire) — The government has designated the hydrogen sector as a national core technology, while adding two fuel cell technologies to the list of national core technologies. The Ministry of Trade, Industry and Energy said Wednesday it will revise and promulgate the Ordinance on Designation of National Core Technologies. Thus far, [...]
SEOUL, April 5 (Korea Bizwire) — A handful of South Korean manufacturers are seeing their sales rise through Naver Corp.’s shopping platform after splitting with e-commerce giant Coupang Inc. due to feuds over prices. Cosmetics and household goods maker LG Household & Health Care Ltd. announced that the average sales of its premium detergent brand [...]