SEOUL, July 6 (Korea Bizwire) – As the OLED TV market is growing fast with almost 400,000 units expected to be sold this year, LG Electronics is leading the way with an overwhelming share of almost 90 percent. According to DisplaySearch data quoted by the Institute for Information and Communications Technology Promotion on July 5, the OLED [...]
SEOUL, Jun. 8 (Korea Bizwire) — Wireless and portable home appliances are pouring into the market as Koreans are spending more time on outdoor activities such as camping and cycling. LG Electronics recently launched a coke can-light beam projector called the ‘Mini Beam TV.’ About 5,000 of the devices were sold in April alone, and [...]
SEOUL, June 7 (Korea Bizwire) — South Korean tech giant Samsung Electronics is expected to further cement its lead in the global solid state drive (SSD) market this year, far outstripping Intel and other rivals, industry data showed Sunday. Samsung’s revenue from the segment will likely reach US$4.57 billion this year, grabbing 35 percent of the world [...]
WASHINGTON, May 18 (Korea Bizwire) — A U.S. court ruled Monday that Apple cannot collect damages from Samsung Electronics for its claims that the South Korean electronics giant copied the overall look and feel of iPhone, a decision expected to lower the US$930 million damages awarded to Apple. The U.S. Court of Appeals for the Federal [...]
SEOUL, May 18 (Korea Bizwire) — South Korea’s tech giant Samsung Electronics Co. saw its global market share in the mobile phone sector drop slightly during the first quarter of this year but its shares in the DRAM, TV and display areas improved, a report showed Sunday. According to the report by Samsung Electronics detailing [...]
SEOUL, May 15 (Korea Bizwire) – Samsung Electronics, South Korea’s top smartphone maker, managed to stay on the top 10 list of global tech players this month in terms of market capitalization but suffered a one notch decline from end-2014 apparently due to a plunge in earnings. Samsung ranked No. 10 among other major tech [...]
SEOUL, May 13 (Korea Bizwire) – Smart TV sets are expected to take up more than 40 percent of global TV shipments in 2015, data showed Wednesday, with South Korean firms anticipated to maintain their lead in the market. Sales of smart TVs are expected to reach 97.1 million units this year, up 11.3 percent from [...]
SEOUL, May 12 (Korea Bizwire) — On May 10, exactly one year after the hospitalization of Samsung Group Chairman Lee Kun-hee from a stroke, workers in Korea’s largest business group posted numerous get-well messages on Samsung’s intranet portal “My Single,” and its in-house media portal, “Media Samsung.” In the login page of My Single, users uploaded words [...]
SEOUL, May 6 (Korea Bizwire) – The monthly sales of the MiniBeam TV series, LED projectors introduced by LG Electronics targeting campers and single-person households, increased more than 50 percent to 5,000 units in May, with one sold every 10 minutes. The MiniBeam projectors embedded with TV tuners enable users to watch TV anywhere using an [...]
SEOUL, May 1 (Korea Bizwire) — Cuckoo rice cookers are gaining massive popularity among North Koreans, according to a recent report from the National Intelligence Service. The wealthy elite are known to prefer South Korean-made products, which are banned in North Korea. North Koreans looking for South Korean products use specific phrases, such as ‘anything better [...]