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Samsung Falls to No. 2 Smartphone Vendor in Thailand in Q4

Samsung Falls to No. 2 Smartphone Vendor in Thailand in Q4

SEOUL, Feb. 14 (Korea Bizwire) — Samsung Electronics Co.’s smartphone shipments sharply fell in Thailand in the fourth quarter from a year earlier, losing its top title to Chinese rival Oppo, an industry tracker said Thursday. The South Korean tech giant released just over 1 million smartphones in Thailand in the October-December period, taking up [...]

Mercedes-Benz Outsells Local Carmakers for 4th-place Finish in Jan.

Mercedes-Benz Outsells Local Carmakers for 4th-place Finish in Jan.

SEOUL, Feb. 11 (Korea Bizwire) — Mercedes-Benz outsold local carmakers to finish fourth in domestic sales in January, industry data showed Monday. The South Korean unit of the German automaker sold 5,796 vehicles last month, equal to 4 percent of the total 114,632 vehicles. The sum places it fourth after Hyundai Motor (31.2 percent), Kia [...]

Samsung’s Galaxy M Series Phones Sells Out Minutes After Launch in India

Samsung’s Galaxy M Series Phones Sells Out Minutes After Launch in India

SEOUL, Feb. 6 (Korea Bizwire) — Samsung Electronics Co.’s new mid-level smartphone, tailored for the Indian market, sold out three minutes after going on sale on the country’s Amazon site, the tech giant said Wednesday. The South Korean company, citing the retailer, said the standard M10 and larger M20 phone sales in the first day [...]

POSCO Net Sinks 36 pct on Valuation Loss, Higher Taxation in 2018

POSCO Net Sinks 36 pct on Valuation Loss, Higher Taxation in 2018

SEOUL, Jan. 30 (Korea Bizwire) — POSCO, South Korea’s biggest steelmaker, said Wednesday that its net profit dropped 36 percent last year from a year earlier on a one-off valuation loss, reduced gains from asset sales and higher taxation. Net profit reached 1.89 trillion won (US$1.69 billion) on a consolidated basis, compared with a net [...]

S. Korea’s Market for Performing Arts Grows 23 pct in 2018

S. Korea’s Market for Performing Arts Grows 23 pct in 2018

SEOUL, Jan. 7 (Korea Bizwire) – South Korea’s market for performing arts grew 23 percent last year from a year earlier driven by solid performances by musicals and K-pop concerts, data showed Monday. Interpark, an online shopping mall and leading ticket distributor, said the total 2018 ticket sales for performing arts came to 544.1 billion [...]

Sales of Eco-friendly Cars Jump 27 pct Last Year

Sales of Eco-friendly Cars Jump 27 pct Last Year

SEOUL, Jan. 7 (Korea Bizwire) – Carmakers sold more than 120,000 units of environment-friendly vehicles in South Korea last year, up 27 percent from a year earlier, industry data showed Monday. Sales by both domestic and foreign carmakers reached 123,387 eco-friendly vehicles for the whole of 2018, jumping from 97,435 units sold the year before, [...]