SEOUL, March 27 (Korea Bizwire) — LG Electronics, South Korea’s No. 2 tech giant, opened a new production base in Vietnam on Friday that will manufacture the company’s key products for exports, the company said. Located in Haiphong, a northern port city of the country, the 800,000-square-meter Vietnam Haiphong Campus will allow LG to produce price-competitive [...]
SEOUL, March 26 (Korea Bizwire) – South Korea’s top tech giant, Samsung Electronics, reduced its combined expenditures on wages and advertisements in 2014 apparently due to its lackluster earnings, data showed Thursday. The market behemoth handed out 9.3 trillion won (US$8.44 billion) to its employees in 2014, down 0.3 percent from a year earlier, its [...]
SEOUL, Mar. 6 (Korea Bizwire) — LG Electronics has earned Certified Emission Reduction credits (CER) from its India operations, which correspond to about 7,000 tons of carbon dioxide (CO2) emissions, approved by the UNFCCC. This is the first recognition for a home appliances company by the UNFCCC under the Clean Development Mechanism (CDM) of the Kyoto Protocol. [...]
SEOUL, March 5 (Korea Bizwire) — South Korea’s top conglomerate Samsung, which holds one of the leading smartphone makers Samsung Electronics under its wing, was declared as the second-most valuable brand in the globe, data showed Thursday. The price tag on the Samsung brand was estimated at US$81.7 billion in 2015, up 4 percent from a [...]
SEOUL, March 1 (Korea Bizwire) – South Korean tech giant Samsung Electronics Co. is gearing up to unveiled its all new flagship smartphone at this year’s Mobile World Congress (MWC) in Barcelona, hoping to put the company back in the ring with arch-rival Apple Inc., corporate sources said Sunday. The flagship, widely expected to be called [...]
SEOUL, Feb. 26 (Korea Bizwire) – LG Electronics Inc., South Korea’s No. 2 smartphone company, said Thursday it will showcase its latest smartwatch upgraded with the long-term evolution (LTE) network at the Mobile World Congress (MWC) in Spain opening early next month. The LG Watch Urbane LTE touts a fast voice communication and data [...]
SEOUL, Feb. 24 (Korea Bizwire) – LG Electronics Inc. said Tuesday it will promote the Super Ultra HD TV lineup for this year while expanding available models for organic light-emitting diode (OLED) TVs. The company, ranked No. 2 at home and a rival to Samsung Electronics in home appliances, said it plans to market 11 [...]
“The court will decide whether I’m responsible for the damage of Samsung washers. However, I am releasing the surveillance video to protect not only my honor of 40 years of washing machine development, but also the company’s reputation.” “There were many people around the electronics retail shop in Germany, and Samsung workers were looking on [...]
SEOUL, Jan. 5 (Korea Bizwire) — South Korea’s top tech giant Samsung Electronics began sales of its first Tizen-powered TV on Thursday in its home market, the first step in the company’s strategy to connect all its consumer electronics to the operating system. The newly launched models are curved SUHD TVs, the latest version of [...]
SEOUL, Feb. 4 (Korea Bizwire) — Samsung Electronics said on February 4 it has started mass production of a one-package chip, which stacks a number of different smartphone parts together, enabling thinner handsets with bigger batteries. The South Korea-based company, the world’s largest maker of smartphones, used the ePoP (Embedded Package on Package) in its wearable [...]