SEOUL, Sept. 29 (Korea Bizwire) – Foreign ownership of Samsung Electronics Co. has dropped below the 51 percent level for the first time in 14 months, market data showed Tuesday, as offshore investors continue to sell its shares due to a bleak earnings outlook. Foreign holdings of Samsung Electronics shares came to 50.76 percent as [...]
SEOUL, Sept. 27 (Korea Bizwire) – The number of South Koreans using wearable telecommunications devices reached nearly 240,000 at the end of July, data showed Sunday, amid the rising popularity of smartwatches in the country. According to the data compiled by the Ministry of Science, ICT, and Future Planning, the number of subscribers of wearable [...]
SEOUL, Sept. 22 (Korea Bizwire) — South Korean tech giant Samsung Electronics said Tuesday it has released an elegant, furniture-like smart TV set in London in collaboration with two renowned French designers, expanding its product lineup in the high-end TV segment. Samsung’s Serif TV, which comes in a stylish wood, plastic or metal frame intended [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korea’s No. 3 handset maker Pantech, which has been struggling to normalize operations, said Friday it plans to cut nearly half of its employees. Under the plan, around 400 staff will leave the company on Oct. 23, the company said. Pantech has been on the verge of bankruptcy [...]
SEOUL, Sept. 18 (Korea Bizwire) — South Korea’s commerce ministry said Friday it has launched a consortium to develop key technologies of next-generation display technologies. The Ministry of Trade, Industry and Energy said the Korea Display Research Consortium (KDRC), established under cooperation with private firms and institutions, will play a key role in adding vitality [...]
SEOUL, Sept. 17 (Korea Bizwire) – As budget smartphones with metal enclosures like SK Telecom’s LUNA and Samsung Electronics’ Galaxy A series gain popularity, LG Electronics is expected to join the market of low-cost smartphones with a metal body. The company posted a photo on its Facebook page hinting that it would introduce a new [...]
BEIJING, Sept. 16 (Korea Bizwire) — LG Display Co., a South Korean maker of flat panels used in televisions and other products, said Wednesday that it will forge cooperation with Chinese TV makers to expand sales of larger organic light-emitting diode (OLED) display panels. Eddie Yeo, president of LG Display’s OLED business division, made the [...]
SEOUL, Sept. 16 (Korea Bizwire) — South Korea’s No. 2 tech giant LG Electronics Inc. said Wednesday it plans to roll out a new tablet PC this week, in line with its latest efforts to shore up its mobile device business facing a slump. The 10.1-inch G Pad II, first introduced at the Internationale Funkausstellung [...]
SEOUL, Sept. 15 (Korea Bizwire) — South Korea’s No. 2 handset maker LG Electronics said Tuesday it will unveil a new smartphone with improved video and camera features next month amid weak sales of its flagship smartphone G lineup. Market rumor had it that LG might roll out a new Nexus smartphone made together with Google, [...]
SEOUL, Sept. 14 (Korea Bizwire) – The Headquarters of the Marine Corps announced that they will hold a ceremony to celebrate the 65th anniversary of the recapturing of Seoul. The ceremony will be dedicated to honoring those who fought in the war. At the event, which will be hosted together with the Seoul Metropolitan Government, [...]