SEOUL, June 14 (Korea Bizwire) — Samsung Electronics Co. enjoyed the highest average selling price (ASP) of its smartphones in six years in the first quarter of the year, driven by robust demand for foldable phones and its flagship smartphones, industry data showed on Sunday. Samsung, the world’s largest smartphone maker, sold its smartphones at [...]
SEOUL, June 5 (Korea Bizwire) — South Korea’s two largest electronics firms, Samsung Electronics Co. and LG Electronics Inc., have agreed to drop complaints against each other over a TV advertisement, the country’s corporate watchdog confirmed Friday. The Fair Trade Commission said it decided not to further process the complaint cases after the two companies [...]
SEOUL, June 2 (Korea Bizwire) — South Korean smartphones sales plunged 18 percent in the first quarter from the previous three-month period on the fallout caused by the novel coronavirus outbreak, a market researcher said Monday. According to Counterpoint Research, the domestic mobile phone market, which was expected to post solid growth with the launch [...]
SEOUL, May 22 (Korea Bizwire) — The global OLED TV market, led by South Korea’s LG Electronics Inc., is expected to post relatively small growth this year, compared with the QLED TV sector, following a disruption in panel supply caused by the novel coronavirus pandemic, a market report showed Friday. The global OLED TV shipment [...]
SEOUL, May 21 (Korea Bizwire) — LG Electronics Inc. on Thursday introduced a new budget smartphone as the South Korean tech firm seeks to overcome a long slump in its mobile business. LG said the Q61 will go on sale in South Korea on May 29 with a price tag of 369,600 won (US$300). The [...]
SEOUL, May 20 (Korea Bizwire) — LG Electronics Inc. said Wednesday it will relocate two of its TV production lines in South Korea to Indonesia in a move to boost its global production efficiency amid the novel coronavirus pandemic. LG said two of the six production lines at its TV plant in Gumi, some 260 [...]
SEOUL, May 19 (Korea Bizwire) — Samsung Electronics Co.’s share of the global TV market hit an all-time high in the first quarter amid an overall market fall due to the coronavirus pandemic, a market tracker said Tuesday. The South Korean tech kingpin accounted for 32.4 percent of the world TV market in terms of [...]
SEOUL, May 19 (Korea Bizwire) — Samsung Electronics Co.’s mobile business may benefit from the recent U.S. ban on Chinese tech giant Huawei Technologies Co., analysts here said Tuesday, amid its efforts to recover from the fallout from the novel coronavirus pandemic. The United States recently announced that it will block foreign chipmakers using American [...]
SEOUL, May 14 (Korea Bizwire) — South Korea’s home appliance makers are entering a heated battle over refrigerators with water dispensers after they recently released products highlighting advanced sterilization systems and smart control solutions. LG Electronics Inc., Samsung Electronics Co. and Winia Dimchae Co. are all vying for the top position in the segment. LG [...]
SEJONG, May 14 (Korea Bizwire) — South Korea’s antitrust regulator said Thursday it has again rejected voluntary corrective measures by Apple Inc.’s Korean unit over its alleged violation of competition law. Apple Korea is suspected of having required Korean mobile phone carriers — SK Telecom Co., KT Corp. and LG Uplus Corp. — to pay [...]