SEOUL, June 7 (Korea Bizwire) — Frustration is rising among South Korean firms in Vietnam as the Vietnamese government is pressuring them to make contributions to a public fund to buy COVID-19 vaccines. Local sources reported that the Vietnamese government has reached out to South Korean firms, asking them to contribute to the vaccine fund. [...]
SEOUL, March 31 (Korea Bizwire) — South Korea’s two major battery makers — LG Energy Solution Ltd. and Samsung SDI Co. — were ranked in the top three in the global smartphone battery market last year, a report showed Wednesday. LG Energy Solution, a wholly owned subsidiary of LG Chem Ltd., had a revenue share [...]
SEOUL, March 26 (Korea Bizwire) — South Korea’s two major automotive light-emitting diode (LED) makers saw their revenues increase last year despite an overall market slump amid the pandemic, a report showed Friday. Seoul Semiconductor Co. and Samsung Electronics Co. maintained their status as the world’s fifth- and seventh-largest automotive LED suppliers, respectively, in 2020, [...]
SEOUL, Jan. 14 (Korea Bizwire) — South Korean firms, anchored by Samsung Electronics Co. and LG Electronics Inc., wrapped up their four-day journey at the world’s largest tech expo Thursday after introducing their innovations for the new normal era of the pandemic. This year’s Consumer Electronics Show (CES) went all-digital for the first time due [...]
SEOUL, Jan. 4 (Korea Bizwire) — More than 330 South Korean exhibitors are expected to introduce their new products and cutting-edge services at the world’s largest tech expo next week, data from its organizer showed Monday. So far, 338 firms, institutions and colleges from South Korea have registered for the Consumer Electronics Show (CES) 2021, [...]
SEOUL, July 29 (Korea Bizwire) — South Korean firms on Wednesday lamented the world’s largest tech expo’s decision to hold the event online next year due to the novel coronavirus pandemic as they seek ways to better promote their new technology and products. The Consumer Technology Association (CTA) has announced that the Consumer Electronics Show [...]
SEOUL, Jan. 6 (Korea Bizwire) — Nine out of 10 major listed firms in South Korea expect to see their profitability turn for the better in 2020 on the back of a much-awaited recovery in the global chipmaking sector and lower base effect, a market tracker said Monday. According to FnGuide, 264 listed companies, or [...]
SEOUL, Jan. 4 (Korea Bizwire) — South Korean electric vehicle (EV) battery makers performed poorly in the world market in 2018 compared to their Japanese and Chinese rivals, a report showed Friday. Global shipments of EV battery products came to 76,950 megawatt-hours (MWh) in the first 11 months of last year, up a whopping 72.8 [...]