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S. Korea’s Tallest Skyscraper Receives Eco-friendly Certification

S. Korea’s Tallest Skyscraper Receives Eco-friendly Certification

SEOUL, Jun. 22 (Korea Bizwire) — South Korea’s tallest skyscraper built by retail giant Lotte Group received a green building certificate from a U.S.-based environment organization, Lotte Corp. said Wednesday. The 123-story Lotte World Tower received a Gold rating in the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) system, the conglomerate [...]

LG Chem to Supply Batteries for NASA’s Spacesuits

LG Chem to Supply Batteries for NASA’s Spacesuits

SEOUL, Jul. 18 (Korea Bizwire) — LG Chem Ltd., South Korea’s largest chemicals maker, will start supplying lithium-ion batteries for NASA’s spacesuits in the second half of the year, the company said Monday. The contract with NASA marked the first such deal for a Korean company, LG Chem said. LG Chem said its new battery’s [...]

Samsung Tops Global TV Market for 10th Year

Samsung Tops Global TV Market for 10th Year

SEOUL, Mar. 2 (Korea Bizwire) — Samsung Electronics Co. dominated the global TV market for the 10th consecutive year in 2015, data showed Tuesday, on the back of the strong performance of its high-end models. Samsung took up 27.5 percent of the global TV market in terms of sales and 21 percent in shipments last [...]

S. Korean Chipmakers Pad Mobile DRAM Market Share in Q3

S. Korean Chipmakers Pad Mobile DRAM Market Share in Q3

SEOUL, Nov. 8 (Korea Bizwire) — South Korean companies’ share of the global mobile dynamic random access memory (DRAM) chip market hit an all-time high in the third quarter of the year, far outpacing their rivals, data showed Sunday. Samsung Electronics Co. accounted for 56.9 percent of global mobile DRAM sales in the July-September period, [...]

Samsung Logs Top Smartphone Sales in Five Major Global Regions

Samsung Logs Top Smartphone Sales in Five Major Global Regions

SEOUL, Nov. 8 (Korea Bizwire) — South Korean tech behemoth Samsung Electronics Co. became the top smartphone seller in five major regions of the world in the third quarter of the year except in North America, where its archrival Apple Inc. dominated, a report showed Sunday. In the July-September period, Samsung posted the largest smartphone [...]

KEPCO Inks Dubai Smart Grid Deal, Enters Mideast Market

KEPCO Inks Dubai Smart Grid Deal, Enters Mideast Market

SEJONG, Oct. 29 (Korea Bizwire) — South Korea’s state-run power monopoly said Thursday that it has inked a smart grid system deal with Dubai that can lead to more business opportunities down the road. The US$3 million agreement with Dubai Electricity & Water Authority (DEWA) signed in the United Arab Emirates is the first smart [...]

Lotte Chemical Completes Gas Plant in Uzbekistan

Lotte Chemical Completes Gas Plant in Uzbekistan

SEOUL, Oct. 15 (Korea Bizwire) — Lotte Chemical Corp., the petrochemical unit of South Korea’s No. 5 conglomerate Lotte Group, said Thursday it has completed the construction of a gas chemical complex in Uzbekistan, a major overseas project it has pursued as part of an effort to diversify profit sources.   The joint development project, dubbed [...]