JAKARTA, Aug. 29 (Korea Bizwire) — A South Korean-made submarine has arrived at a port of the Indonesian Navy’s Eastern Fleet in Surabaya after 16 days of sailing from South Korea, the country’s Navy said Tuesday. The arrival of the new submarine, the KRI Nagapasa 403, on the previous day came after South Korea’s Daewoo [...]
SEOUL, Aug. 29 (Korea Bizwire) – Samsung Display Co. said Tuesday the recently unveiled Galaxy Note 8, won top marks from U.S. industry tracker DisplayMate, for its stunning performance and high-end features. The display producer for Samsung Electronics Co. said the phablet became the first smartphone to win “Excellent A+” grade from DisplayMate. “The Galaxy [...]
SEOUL, Aug. 28 (Korea Bizwire) — Samsung Electronics Co. said Monday it agreed to join U.S. 20th Century Fox and Japan-based Panasonic Corp. to expand the ecosystem for the High Dynamic Range (HDR) 10 Plus technology. The South Korean tech giant said the companies agreed to establish an alliance for the HDR 10 Plus technology. [...]
SEOUL, Aug. 25 (Korea Bizwire) — South Korean biopharmaceutical firm Samsung Bioepis Co. said Friday it has won approval from European authorities for the sale of its biosimilar drug Imraldi. The European Commission (EC) accepted Samsung Bioepis’ application to sell the biosimilar referencing AbbVie Inc.’s Humira, the company said in a regulatory filing. The drug [...]
SEOUL, Aug. 25 (Korea Bizwire) — KT Corp., a South Korean broadband Internet and mobile phone company, said Friday it has joined forces with Nokia Corp. to further develop the technology for a commercial use of the fifth-generation (5G) mobile network. KT said its head Hwang Chang-kyu and his counterpart Nokia President and CEO Rajeev [...]
SEOUL, Aug. 25 (Korea Bizwire) — The amount of crowdfunding in South Korea shot up nearly 29 percent this year, data showed Friday, showing the platform growing as an effective financing option for startups. According to the data by the Korea Securities Depository, 106 companies raised a combined 14.2 billion won (US$12.6 million) from 5,826 [...]
SEOUL, Aug. 24 (Korea Bizwire) — South Korea’s top 30 conglomerates have seen their sales growth and profitability worsen over the past six years amid increased costs, a report showed Thursday. Per capita sales of 164 listed companies belonging to the leading business groups fell at an annual average rate of 1.8 percent between 2011 [...]
SEOUL, Aug. 23 (Korea Bizwire) — Asiana Airlines Inc. said Wednesday it will concentrate on the special cargo business that has been bringing in high profits on increasing demand. The air carrier transported 12 percent more premium freight in the first half of this year compared with the same period last year, according to company [...]
SEOUL, Aug. 23 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it introduced three buses equipped with IT facilities in Myanmar to provide underprivileged children with educational programs. The South Korean tech giant first introduced “Samsung Mobile Education Bus” in Myanmar in 2015. The company said the new buses are equipped with a class room [...]
SEOUL, Aug. 22 (Korea Bizwire) — The organizing committee for the 2018 PyeongChang Winter Olympics and the United States Olympic Committee (USOC) on Tuesday announced their launch of a Korean youth mentorship program. In a statement, the organizations said the goodwill campaign is part of the USOC’s “Thank You, PyeongChang” initiative, designed to “contribute to [...]