SEOUL, Feb. 22 (Korea Bizwire) – Semiconductor firms worldwide are engaged in fierce competition to secure a leading position in cutting-edge foundry process technology, particularly driven by the surging demand in the artificial intelligence (AI) chip market. Companies are forming strategic alliances with strong partners to enhance their competitiveness in this rapidly growing sector. Samsung Electronics [...]
SEOUL, Feb. 10 (Korea Bizwire) – Hyundai Motor Co. has signed a 10-year partnership with the New York-based Whitney Museum of American Art to support its exhibition projects and the Whitney Biennial, according to the company Saturday. The long-term sponsorship will offer an innovative platform for artists to experiment and showcase their works to the [...]
SEOUL, Feb. 6 (Korea Bizwire) –Samsung Electronics has partnered with Starbucks to offer a unique experience for pet owners at the ‘Galaxy Studio Pet’ pop-up at the Starbucks Bukhan River R in Namyangju, Gyeonggi Province, until March 10. This collaboration marks a special opportunity for visitors to explore the features of the Galaxy S24 series [...]
SEOUL, Feb. 1 (Korea Bizwire) – GM Korea Co., the South Korean unit of General Motors Co., said Thursday its vehicle sales more than doubled in January from a year earlier thanks to strong demand from both home and abroad. GM Korea sold 43,194 vehicles in January, up 165.8 percent from a year ago on [...]
SEOUL, Feb. 1 (Korea Bizwire) – Hyundai Motor Co., South Korea’s biggest carmaker, said Thursday its January sales rose 1.8 percent from a year earlier helped by strong overseas demand. Hyundai Motor sold 315,555 vehicles in January, up from 310,123 units a year earlier, the company said in a statement. Overseas sales rose 2.8 percent [...]
SEOUL, Jan. 29 (Korea Bizwire) – Executives of export companies believe that family business succession is crucial for the sustainability and responsible management of their enterprises. However, a recent study reveals that due to heavy tax burdens and negative social perceptions, many are contemplating selling or shutting down their businesses. A report from the Korea International [...]
SEOUL, Jan. 17 (Korea Bizwire) – South Korean budget airline Jin Air Co. said Wednesday it posted record earnings in 2023 on strong demand, shaking off the fallout of the coronavirus outbreak. Net income came to an all-time high of 135.8 billion won (US$101 million) on a separate basis last year, the first black ink [...]
SEOUL, Jan. 9 (Korea Bizwire) – Samsung Electronics Co. on Tuesday predicted that its operating profit for the fourth quarter of last year would tumble 35 percent on year, hurt by persistently weak demand for its mainstay semiconductor division. Samsung, the world’s biggest maker of memory chips and smartphones, estimated its fourth-quarter operating profit at [...]
SEOUL, Jan. 8 (Korea Bizwire) – LG Electronics Inc., South Korea’s leading home appliance maker, said Monday its operating profit likely more than quadrupled in the fourth quarter from a year earlier, helped by robust sales of home appliances and vehicle component solutions. Operating profit for the three months ended in December soared to an [...]
SEOUL, Dec. 19 (Korea Bizwire) – LG Electronics has announced a strategic partnership with global automotive glass company Saint-Gobain Sekurit to introduce a cutting-edge transparent antenna for motor vehicles, a move signaling significant advancements in automotive communication technology. This innovative product will be showcased to automotive clients at the Consumer Electronics Show (CES) 2024 in Las [...]