SEOUL, Sept. 25 (Korea Bizwire) — South Korea’s major companies performed far worse than their U.S. counterparts in the first half of 2023 due to the sluggish chip and energy sectors amid a global economic slowdown, a report showed Monday. South Korea’s top 100 nonfinancial firms listed on the main local bourse saw their combined [...]
SEOUL, July 18 (Korea Bizwire) — The share of South Korean companies in the production capacity of the North American and European separation membrane market is expected to exceed 70 percent by 2030, a report showed Monday. South Korean separation membrane makers, including SK IE Technology Co. (SKIET), W-Scope Chungju Plant Co. (WCP), and LG [...]
SEOUL, July 13 (Korea Bizwire) — Among the patent suits filed against South Korean firms in the U.S. last year, a significant number of them were initiated by global non-practicing entities (NPEs), also known as “patent trolls.” Patent trolls are entities that derive profits from patent licensing or enforcement. According to a report from the [...]
SEOUL, July 6 (Korea Bizwire) — During the past six years of Beijing’s pressure on Seoul regarding the latter’s hosting of a U.S. THAAD anti-missile system, South Korean conglomerates have witnessed shrinking sales at their Chinese subsidiaries, a corporate tracker said Wednesday. CEO Score analyzed sales reports of 113 Korean companies in China, which revealed [...]
SEOUL, Dec. 29 (Korea Bizwire) — South Korean tech companies are ready to showcase their latest products and innovative technologies at CES 2023, the world’s largest consumer electronics show slated to open in Las Vegas next week. CES will be held in a bigger and more fully in-person fashion this time, with global tech giants [...]
SEOUL, Feb. 21 (Korea Bizwire) — South Korean firms are being targeted by U.S.-based non-practicing entities (NPEs) or patent trolls that acquire patents to make profits by filing patent infringement lawsuits. Rather than actually going through with the lawsuits, they seek to extort early settlements. NPEs are those who make profits by acquiring and managing [...]
SEOUL, Jan. 25 (Korea Bizwire) — South Korean businesses’ investment in Vietnam, a centerpiece of South Korea’s New Southern Policy, has declined sharply amid weakened investment sentiment. According to statistics released by the Vietnamese Ministry of Planning and Investment, the number of South Korea’s investments in Vietnam totaled 1,942 cases last year, down 30.3 percent [...]
LAS VEGAS, Jan. 4 (Korea Bizwire) — A record number of South Korean companies will attend the Consumer Electronics Show (CES) in Las Vegas this week despite spikes in coronavirus cases, organizers said Tuesday. According to the Consumer Technology Association (CTA), around 2,200 companies from some 160 countries have signed up to exhibit in-person at [...]
SEOUL, Sept. 6 (Korea Bizwire) — Chinese subsidiaries of South Korean firms saw their sales sink nearly 7 percent in 2020 from four years earlier due to their dropping market share in the world’s second-largest economy, data showed Monday. Combined Chinese sales of 30 out of South Korea’s top 100 companies came to 117.1 trillion [...]
SEOUL, July 2 (Korea Bizwire) — South Korean chipmakers Samsung Electronics Co. and SK hynix Inc. may have to pay part of their corporate taxes to foreign countries where they earn profits under a new global taxation scheme, Seoul’s finance ministry said Friday. Around 130 countries on Thursday agreed on a two-pillar deal to impose [...]