SEOUL, Dec. 18 (Korea Bizwire) – The majority of suicides in South Korea take place outside the home, which is in stark contrast to other countries where people opt to die at home, an international study showed on Friday. The report, published in the latest issue of the journal Social Psychiatry and Psychiatric Epidemiology and [...]
SEOUL, Dec. 7 (Korea Bizwire) – South Korea’s leading chemicals and electric vehicle battery maker LG Chem Co. and its local rival Samsung SDI Co. have outpaced global players in terms of strategy and execution in the electric vehicle (EV) battery industry, a report showed Monday. In a survey on eight EV battery manufacturers, LG [...]
SEOUL, Dec.7 (Korea Bizwire) – Even through this period of slow economic growth, sales of high-end watches continue to be strong. According to Shinsegae Department Store, sales of luxury watches worth millions have increased over the past two years. In the 23-month period from January 2014 to November 2015, sales of high-end watches increased by [...]
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, [...]
SEOUL, Nov. 8 (Korea Bizwire) — The number of South Korean subscribers to Internet of Things (IoT) networks has exceeded the 4 million mark, buoyed by a jump in wearable device users, government data showed Sunday. As of end-September, the number of IoT subscribers reached 4.08 million, compared with 3.96 million two months earlier, according [...]
SEOUL, Nov. 8 (Korea Bizwire) — A large number of South Korean companies have suffered credit rating downgrades this year due to poor performances stemming from protracted sluggish demand, despite an upgrade in the country’s sovereign rating, market data showed Sunday. According to the data compiled by Korea Investors Service Inc., one of the three [...]
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 [...]
SEOUL, Nov. 1 (Korea Bizwire) – The combined aggregate value of affiliates belonging to Samsung Group, South Korea’s largest family-run conglomerate, surged 38 trillion won (US$33.3 billion) in the past month, helped by so-called earning surprises in the third quarter, market data showed Sunday. According to market researcher FN Guide, six out of 11 listed [...]
SEJONG, Oct. 28 (Korea Bizwire) – South Korea’s business environment ranking has risen to fourth place among 189 countries on improvements in property registry, contract enforcement and minor investor protection, a report by the World Bank showed Wednesday. According to the international institution’s annual “Doing Business 2016″ ranking report, the ranking represents a one-notch rise [...]
SEOUL, Oct. 25 (Korea Bizwire) — South Korea’s top three shipbuilders are expected to post a combined operating loss of more than 7 trillion won (US$6.2 billion) in 2015 amid an industrywide slump, data showed Sunday. Market data showed the country’s top three shipbuilders — Samsung Heavy Industries Co., Hyundai Heavy Industries Co. and Daewoo [...]