SEOUL, Feb. 15 (Korea Bizwire) — Naver Corp., South Korea’s dominant Internet portal and search engine, said Friday that it plans to support streaming of 4K content on mobile platforms following the launch of fifth-generation (5G) mobile network service next month. “We will be able to support high-resolution livestreaming service as the lag time will [...]
SEOUL, Feb. 14 (Korea Bizwire) — South Korea’s No. 3 mobile carrier LG Uplus Corp. said Thursday that it has struck a deal to buy a majority stake in leading cable TV operator CJ Hello to bolster its presence in the media and content market. The board of directors of LG Uplus approved the purchase [...]
SEOUL, Feb. 14 (Korea Bizwire) — E-Mart Inc., South Korea’s largest hypermarket chain, said Thursday that it aims to raise its online sales by 30 percent this year, and open more convenience stores. The retail giant, part of Shinsegae Group, also will further nurture its warehouse store, E-Mart Traders. The company expects its sales for [...]
SEOUL, Feb. 12 (Korea Bizwire) — With Samsung Electronics Co. investing in QD-OLED technology, which will substitute large TV panels, there is a possibility that the company will reintroduce large OLED panels after a seven-year break. Even though company officials have confirmed that nothing has been decided yet, concern about profitability will eventually lead to [...]
SEOUL, Feb. 11 (Korea Bizwire) — LG Uplus Corp., currently the fourth-largest pay TV provider in South Korea, has decided to take over CJ Hello, the country’s No. 3 player in the pay TV market. The merger with CJ Hello, which is owned by CJ E&M, a unit of food and entertainment conglomerate CJ Group, [...]
SUWON, Feb. 10 (Korea Bizwire) — Samsung Electronics Co. said Sunday it will release a full lineup of 8K QLED TVs with upscale features for the global market to expand its presence in the growing premium segment. QLED TVs are LED TVs that use quantum dots to enhance performance in key picture quality areas. Samsung [...]
SEOUL, Feb. 6 (Korea Bizwire) — South Korea’s top two leading rechargeable battery producers are focusing on different markets as they strive to expand their global presence in this key industry, market watchers said Wednesday. LG Chem Ltd. and Samsung SDI Co. have been moving in different directions as the worldwide market for high-capacity batteries [...]
SEOUL, Feb. 6 (Korea Bizwire) — South Korea’s two largest carmakers, Hyundai Motor Co. and Kia Motors Corp., are moving their global production facilities to emerging markets in anticipation of future growth potential, industry data showed Wednesday. According to the Korea Automobile Manufacturers Association (KAMA), the two flagship companies of Hyundai Motor Group are paying [...]
SEOUL, Jan. 30 (Korea Bizwire) — Hyundai Motor Co. said Wednesday it has set up a sales subsidiary in China for the sale of its independent Genesis brand luxury vehicles. The move is part of the South Korean carmaker’s stepped-up efforts to revive sales in the world’s biggest automobile market. Its sales in China fell [...]
SEOUL, Jan. 24 (Korea Bizwire) — U.S. media service provider Netflix Inc. said Thursday that it aims to create more original content targeting global audiences regardless of their nationality or language. Netflix, which started as a video rental firm in 1997, currently has over 189 million paid memberships in over 190 countries enjoying both original [...]