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South Korea’s Anti-Corruption Law Accused of Scaring Off International Companies like Apple

South Korea’s Anti-Corruption Law Accused of Scaring Off International Companies like Apple

SEOUL, Sept. 13 (Korea Bizwire) – Since reports emerged that Apple hadn’t sent South Korean journalists invitations to the company’s latest Apple Event, which was held today at the new Steve Jobs Theater, speculation has been circulating that the country’s anti-graft law might have scared off the American consumer electronics giant. It has been widely [...]

New iPhone’s Price Dependent on S. Korean Parts

New iPhone’s Price Dependent on S. Korean Parts

SEOUL, Sept. 8 (Korea Bizwire) — The consumer price of U.S. tech giant Apple Inc.’s new iPhone to be unveiled this month will depend on how much is paid to South Korean parts manufacturers, industry watchers said Friday. The outlook came as many high-end features to be applied in the upcoming iPhone, including OLED panels, [...]

S. Korean Firms to Benefit from iPhone 8 Smartphone Release: Sources

S. Korean Firms to Benefit from iPhone 8 Smartphone Release: Sources

SEOUL, Aug. 6 (Korea Bizwire) — South Korean electronics companies are to benefit from the launch of Apple Inc.’s next flagship iPhone 8 smartphones expected to be launched later this year as they are providers of major electronic parts, industry sources said Sunday. Apple is forecast to release new iPhone models equipped with flexible organic [...]

LG Smartphones’ Average Sales Price Is About One-Fifth of Apple

LG Smartphones’ Average Sales Price Is About One-Fifth of Apple

SEOUL, Jan. 18 (Korea Bizwire) – The average sales price of LG Electronics Inc.’s smartphones is about one-fifth that of Apple Inc.’s iPhones, industry data showed Wednesday, underlining LG’s difficulty in reviving its loss-making smartphone business.  According to a survey of 12 LG smartphones sold at KT Corp.’s online store, the average sales price of [...]

Samsung’s Operating Margin Closing the Gap with Apple

Samsung’s Operating Margin Closing the Gap with Apple

SEOUL, Jan. 9 (Korea Bizwire) – Samsung’s surprise surge in 2016 Q4 profit may further close the gap with its U.S. competitor Apple.  According to industry watchers, Samsung reported sales revenue of 53 trillion won ($44 billion) with an operating profit of 9.2 trillion won, for an impressive operating margin of 17.36 percent. The value [...]

Possible Probe into iPhone Battery Shutdown in S. Korea

Possible Probe into iPhone Battery Shutdown in S. Korea

SEOUL, Dec. 14 (Korea Bizwire) – South Korea’s industrial standardization bureau said Wednesday it is mulling over an investigation into Apple Inc.’s iPhone handsets, which randomly shut down despite battery remaining.  The Korean Agency for Technology and Standards (KATS) said it is looking into the matter as the iPhone 6S battery problem could potentially be [...]

Mobile Communications Market Hopeful with Imminent Launch of iPhone 7

Mobile Communications Market Hopeful with Imminent Launch of iPhone 7

SEOUL, Oct. 20 (Korea Bizwire) – There’s now less than a day left before the Korean launch of the iPhone 7 and iPhone 7 Plus, and the local mobile phone market is already expecting record success for Apple’s latest smartphones. The phones will be making their debut here at 8 a.m. on Friday.  According to [...]