SEOUL, Feb. 6 (Korea Bizwire) — Samsung Electronics Co. has agreed to pay US$150 million to Nanoco Technologies in settlement for a patent lawsuit over a technology used in Samsung’s quantum-dot LED TV, a litigation finance firm for the British company has said. GLS Capital announced Friday the two parties reached the settlement shortly before [...]
SEOUL, Feb. 2 (Korea Bizwire) — Thousands of South Korean iPhone users lost Thursday in a lawsuit seeking compensation from Apple Inc. over allegations that the company purposely slowed the performance of older models to compel users to buy new ones. The Seoul Central District Court ruled against 9,851 owners of previous iPhone models without [...]
SEOUL, Feb. 2 (Korea Bizwire) — Samsung Electronics Co. introduced the next line of its Galaxy S flagship smartphones in San Francisco on Wednesday (local time), as the tech giant is facing economic headwinds that compel consumers to postpone discretionary purchases like personal electronic devices. Samsung, the world’s largest smartphone maker, unveiled three models of [...]
SEOUL, Jan. 27 (Korea Bizwire) — LG Electronics Inc. said Friday its operating profit for the fourth quarter nosedived more than 90 percent on a drop in demand for home appliances and rising promotion cost amid global macroeconomic woes. The tech firm said operating income for the three months ending in December fell 90.7 percent [...]
SEOUL, Jan. 27 (Korea Bizwire) — LG Display Co. reported its third consecutive quarterly loss Friday on weak demand for its panel products and falling prices. The major panel maker reported an operating loss of 875.7 billion won (US$709.3 million) for the fourth quarter, compared with a profit of 476.4 billion won a year ago, [...]
SEOUL, Jan. 27 (Korea Bizwire) — LG Electronics Inc. is expanding its presence in the foreign indoor golf market by leveraging its premium commercial-use laser projector, the ProBeam. The company announced that it will take part in the PGA Show 2023 being held in Orlando, Florida for four days starting on Tuesday. LG will showcase [...]
SEOUL, Jan. 17 (Korea Bizwire) – Samsung Electronics Co. said Tuesday it will run dozens of Galaxy Experience Spaces around the world after a product release event early next month. The world’s largest smartphone maker is set to introduce new Galaxy S smartphones in San Francisco on Feb. 1 in the first in-person Unpacked event [...]
SEOUL, Jan. 16 (Korea Bizwire) — LG Electronics Inc. said Sunday that the company’s plant in the U.S. state of Tennessee has been selected as a lighthouse factory by the World Economic Forum (WEF), the first of its kind among South Korean plants built overseas. According to the WEF, a lighthouse factory refers to a [...]
SEOUL, Jan. 11 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it will unveil new Galaxy S smartphones next month in the first in-person Unpacked event in three years after the COVID-19 pandemic disrupted the biannual offline event. The world’s largest smartphone maker said it will hold a Galaxy Unpacked event in San Francisco on [...]
SEOUL, Jan. 11 (Korea Bizwire) — Samsung Electronics Co. is accelerating its move to stay ahead of the rapid changes of the way people consume news and entertainment on TV by enhancing content and services available exclusively on its smart devices, a senior executive has said. As the world’s biggest TV and smartphone maker, Samsung [...]