SEOUL, March 5 (Korea Bizwire) — Samsung Electronics Co. was the world’s third-largest smartwatch vendor last year, a report showed Friday, as its rivals Apple Inc. and Huawei Technologies Co. expanded their sales. Samsung’s smartwatch shipments suffered a 1 percent on-year drop to 9.1 million units in 2020, according to market researcher Counterpoint Research. Apple [...]
SEOUL, March 5 (Korea Bizwire) — Online shopping in South Korea grew more than 20 percent in January from a year earlier as the protracted pandemic promoted more people to buy products via e-commerce platforms, data showed Friday. The value of online transactions stood at 15.1 trillion won (US$13.3 billion) in January, up 22.4 percent [...]
SEOUL, March 5 (Korea Bizwire) — A U.S. trade panel has said SK Innovation Co. misappropriated trade secrets of its South Korean rival LG Energy Solution Ltd. for its development of electric vehicle (EV) batteries, in a decision that could jeopardize SK Innovation’s battery businesses in the United States. The U.S. International Trade Commission (ITC) [...]
SEOUL, March 5 (Korea Bizwire) — Samsung Electronics Co. said Friday it donated US$1 million to community partners in Texas to support their winter storm relief efforts. The South Korean tech giant said its donation will be used to provide food, water, health services and shelters in the U.S. state where severe weather caused big [...]
SEOUL, March 5 (Korea Bizwire) — South Korea’s drug safety agency said Thursday that the number of food poisoning cases in South Korea declined sharply last year, falling to about a half of the annual average for the previous five years, with the number of food poisoning patients more than halving. The number of food [...]
SEOUL, March 5 (Korea Bizwire) — Around 10 percent of the aircraft owned by South Korean airlines turned out to have an age of more than 20 years, the transport ministry said Thursday. The nation’s ten airlines owned a total of 390 airplanes as of the end of last year, according to the Ministry of [...]
HANOI/SEOUL, March 4 (Korea Bizwire) — Vietnam has designated Korean as one of its first foreign languages, allowing it to be taught from primary school onward beginning this August, South Korean officials said Thursday. Education of the Korean language has expanded in the Southeast Asian country, driven by the popularity of Korean pop culture and [...]
SEOUL, March 4 (Korea Bizwire) — Samsung Electronics Co. further expanded its dominance in the global DRAM market in the fourth quarter of 2020, a report showed Thursday, with revenue increase. The South Korean tech giant, also the leader in the NAND flash sector, had a 42.1 percent share of the global DRAM flash market [...]
SEOUL, March 4 (Korea Bizwire) — Hyundai Motor Co. said Thursday it has agreed with LG Energy Solutions Ltd. on their cost sharing ratio for the replacement of LG-made batteries in three Hyundai EV models. Hyundai Motor will take up 30 percent of the replacement costs, with LG Energy making up for 70 percent, a [...]
SEOUL, March 4 (Korea Bizwire) — The construction of a two-story mosque in a residential area in the neighborhood of Kyungpook National University in Daegu has been delayed indefinitely. The construction halt occurred after residents staged a group protest against the construction of the mosque in their neighborhood. Residents submitted a petition to the local [...]