SEOUL, Feb. 8 (Korea Bizwire) — Hyundai Motor Co. and affiliate Kia Corp. said Monday they are not in talks with Apple Inc. over an electric car manufacturing project in response to reports of their suspended discussions. In separate regulatory filings, Hyundai and Kia, which together form the world’s fifth-biggest carmaker by sales, said they [...]
SEOUL, Feb. 3 (Korea Bizwire) — South Korea’s corporate watchdog said Wednesday it has approved the local unit of U.S. tech giant Apple Inc.’s proposal to address antitrust business practices and support measures for consumers and small firms. Apple Korea has been under probe by the Korea Fair Trade Commission (KFTC) over allegations that it [...]
SEOUL, Jan. 8 (Korea Bizwire) — Shares in Hyundai Motor Co. soared by nearly 20 percent on Friday as the South Korean carmaker is in talks with Apple Inc. for potential partnership in developing electric cars and batteries. Hyundai Motor jumped 19 percent to 246,000 won, far outperforming the broader KOSPI’s 4 percent gain. “We’ve [...]
SEOUL, Dec. 23 (Korea Bizwire) — South Korean investors have picked Tesla and Apple as the most popular foreign stocks to pass on to their children. Major South Korean brokerage house Samsung Securities Co. held an online conference on Saturday through its official YouTube channel and carried out a survey with a group of local [...]
SEOUL, Dec. 4 (Korea Bizwire) — Apple Inc. is picking up the pace in its efforts to grow its presence in South Korea, a market that has long been dominated by Samsung smartphones. The U.S. tech giant recently announced that it will open its second official store in South Korea. The store will be located [...]
SEOUL, Nov. 30 (Korea Bizwire) — Apple Inc. said Monday it will open a new store in South Korea, expanding its presence in the country dominated by local tech giant Samsung Electronics Co. Apple said on its homepage that it will soon open a new store in Yeouido, western Seoul, its second official store in [...]
SEOUL, Nov. 30 (Korea Bizwire) — Apple Inc.’s iPhone 12 models have drawn a keen response in South Korea, with sales of the newest models estimated to be some 600,000 here since their launch late last month, industry sources said Monday, almost on par with the feat of Samsung Electronics Co.’s flagship models. The country’s [...]
SEOUL, Nov. 20 (Korea Bizwire) — Apple Inc. and South Korea’s three major telecom operators started shipping the iPhone 12 mini and the 12 Pro Max on Friday. The launches of the smallest and the largest versions of Apple’s latest devices follow the release of the standard 12 and 12 Pro models in the local [...]
SEOUL, Nov. 19 (Korea Bizwire) – A group of South Korean lawmakers on Thursday called on Google to follow Apple Inc.’s move to lower its commission for app market purchases amid concerns of local app developers over high fees. Apple announced a day earlier it will reduce the standard commission on its App Store from [...]
SEOUL, Nov. 18 (Korea Bizwire) — Apple Inc. said Wednesday that it will reduce the standard commission from 30 percent to 15 percent for small-sized app developers at its app store starting next year. Apple currently takes a 30-percent cut of the developers’ revenue when iPhone or iPad users make purchases. Virtually all in-app purchases [...]