SEOUL, Dec. 10 (Korea Bizwire) – South Korean electronics manufacturers are closely monitoring potential trade policy shifts as President-elect Donald Trump continues to emphasize the importance of high tariffs on Korean-made washing machines. Industry observers are particularly concerned about Trump’s campaign promise to impose a universal 10-20% tariff on all imports, which could affect the entire range [...]
SEOUL, Dec. 9 (Korea Bizwire) – In a significant pivot toward the world’s most populous nation, South Korean corporate powerhouses are intensifying their focus on India, seeing it as both an antidote to their China-dependent supply chains and a promising frontier for growth. Companies like Samsung Electronics, LG Electronics, and Hyundai Motor are expanding their footprint [...]
SEOUL, Dec. 5 (Korea Bizwire) – CJ OnStyle, a major South Korean online retailer, has identified “newmiliar” as the defining consumer trend of 2024, describing a preference for products that combine familiarity with innovative twists. The term “newmiliar,” a portmanteau of “new” and “familiar,” emerged from the company’s analysis of sales data across its most popular [...]
SEOUL, Nov. 29 (Korea Bizwire) – Major South Korean pay TV operators are implementing voluntary retirement programs amid deteriorating business conditions, drawing criticism for shifting the burden of financial challenges onto workers. Following LG HelloVision, the country’s largest cable TV operator by subscribers, both Skylife and HCN have announced voluntary retirement plans. Skylife revealed its program during [...]
SEOUL, Nov. 28 (Korea Bizwire) — Samsung SDI Co., a battery and electronic materials manufacturing unit under Samsung Group, said Thursday it has appointed Choi Joo-sun, head of Samsung Display Co., as its new CEO as part of the group’s leadership reshuffle. Choi, 61, began his career as an engineer in a memory chip development [...]
SEOUL, Nov. 25 (Korea Bizwire) — Kia, LG Electronics, and Samsung Electronics have been ranked among the top companies for engineers in the United States by Forbes, highlighting their strong reputation in the competitive local job market. According to an industry report on Sunday, Forbes, in collaboration with market research firm Statista, published a list [...]
ULSAN, Nov. 19 (Korea Bizwire) – South Korean researchers have developed a revolutionary skin patch that maintains strong adhesion during vigorous physical movement while being easily removable without irritation, potentially changing the future of wearable medical devices. The breakthrough, announced on November 18 by the Ulsan National Institute of Science and Technology (UNIST), comes from a [...]
SEOUL, Nov. 14 (Korea Bizwire) – Samsung Electronics announced on November 13 that it will launch “Today Guaranteed,” a same-day delivery and installation service for products ranging from home appliances to mobile devices, starting from November 14. For purchases made before noon on Samsung.com, customers can receive same-day delivery and installation of home appliances that don’t [...]
SEOUL, Nov. 12 (Korea Bizwire) – LG Electronics announced on November 11 the launch of its latest mobility innovation, the Digital Cockpit Gamma, a new concept that reimagines the driving experience through advanced automotive technology. This marks the third iteration in the company’s forward-looking cockpit series, following the Alpha and Beta versions released last year. The [...]
SEOUL, Nov. 5 (Korea Bizwire) — KT Corp., a major South Korean mobile carrier, on Tuesday showcased the world’s first artificial intelligence IPTV that supports advanced 8K resolution. The Korean company’s new Genie TV set-top box will support 8K resolution, the highest resolution standard for content creation, to upgrade the viewing experience for its users, [...]