LAS VEGAS, Jan. 7 (Korea Bizwire) — Samsung Electronics Co.’s chief executive has said macroeconomic challenges will persist throughout this year, amid sluggish demand, rising materials and logistics costs. “Samsung was dealt a heavy blow with deteriorating external factors, like weaker demand and rising costs,” Han Jong-hee, vice chair and co-CEO at Samsung, said at a [...]
LAS VEGAS, Jan. 7 (Korea Bizwire) — Samsung Electronics Co.’s chief executive officer has said the company was still pursuing a merger deal, even though its efforts have hit a snag. The tech company’s deal-making activities were only “delayed due to various external factors,” Han Jong-hee, vice chair and co-CEO at Samsung, said at a press [...]
LAS VEGAS, Jan. 7 (Korea Bizwire) – LG Electronics Inc.’s chief executive has said the company’s focus on the electric vehicle (EV) parts business for the past decade has started to bear fruit. “Our EV business has made a turnaround 10 years after we entered the market,” CEO Cho Joo-wan said during a press briefing [...]
LAS VEGAS, Jan. 6 (Korea Bizwire) — SK Group Chairman Chey Tae-won appeared at CES on Friday, reversing the earlier announcement that he was canceling his visit to the tech show after one of his aides tested positive for COVID-19. This is the first time Chey has visited the four-day exhibition in person. He is also [...]
SEOUL, Jan. 4 (Korea Bizwire) — Boy group BIGBANG’s Taeyang will release a collaborative song with BTS’ Jimin next week, his agency said Wednesday. The BLACK Label released a teaser image featuring the two singers on social media, along with the announcement that the new single “Vibe” will hit music services on Jan. 13. It [...]
SEOUL, Jan. 4 (Korea Bizwire) — K-pop girl group TWICE will release a new English-language single titled “Moonlight Sunrise” on Jan. 20, the group’s agency said Wednesday. The new song will be included in the group’s 12th EP set to be out in March, according to JYP Entertainment. The nine-piece group was one of the [...]
SEOUL, Jan. 4 (Korea Bizwire) — BLACKPINK’s megahit single “Ddu-du Ddu-du” has set a YouTube record for most views for a video by a K-pop group, the quartet’s agency said Wednesday. YG Entertainment said the music video surpassed 2 billion views shortly before 9 a.m. The clip was first released on July 15, 2018. “Ddu-du [...]
SEOUL, Jan. 2 (Korea Bizwire) — The South Korean baseball club Kiwoom Heroes said Monday they will post reigning league MVP Lee Jung-hoo after the 2023 season, thereby granting Lee’s wish to take his talent to Major League Baseball (MLB). Lee first expressed his intent to play in the big leagues on Dec. 19. The [...]
SEOUL, Jan. 2 (Korea Bizwire) – Jisoo will become the last member of the top K-pop girl group BLACKPINK to debut as a soloist this year, the group’s agency said Monday. “BLACKPINK’s Jisoo is now stepping up work to record her solo album,” YG Entertainment said in a release. “She has been working on music [...]
SEOUL, Jan. 2 (Korea Bizwire) — K-pop rookie NewJeans put out a new single, titled “OMG,” Monday after a successful debut year, the group’s agency said. According to ADOR, “OMG” is a bouncy and exciting hip-hop R&B song that mixes hip-hop drum and percussion sounds with UK garage and trap rhythms Its lyrics depict a [...]