SEOUL, Aug. 6 (Korea Bizwire) — South Korea’s No. 2 tech giant LG Electronics is set to join forces with U.S. Google for a smartphone with an Android-based payment system, industry sources said Thursday, commencing its struggle to catch up to rivals. LG Electronics is anticipated to showcase Google’s next Nexus smartphone in October, according to the sources. [...]
SEOUL, Aug. 5 (Korea Bizwire) — South Korean smartphone users change their devices every 14 months, with teens changing their handsets in less than a year, a poll showed Wednesday. According to the survey conducted by the Korea Information Society Development Institute (KISDI), South Koreans on average used their handsets for 19 months, but those [...]
“Automobiles are evolving in the display, communications, electronics and analog, and mechanical compressor sectors through intellectualization and convergence. We expect meaningful opportunities in the sector in the near future.” “When it comes to convergence, we see much opportunity and growth potential. We expect that some products in the vehicle components sector can bring results. We [...]
SEOUL, July 30 (Korea Bizwire) – In the second quarter this year, Samsung Electronics led the front-loading washing machine market in the United States for the first time since its 2006 debut in the segment. According to TraQline, a market researcher, Samsung posted a 22.3 percent market share in the segment, beating out LG Electronics [...]
SEOUL, July 30 (Korea Bizwire) – The second quarter report from LG’s MC headquarters (in charge of smartphones) has been revealed. MC headquarters were said to be responsible for bringing down the stock price of LG Electronics. Cutting to the chase, it was a broke trade, where they sold a lot but didn’t get much [...]
SEJONG, July 30 (Korea Bizwire) — South Korea’s antitrust watchdog ordered six local iPhone repair companies Thursday to change their customer service rules that unfairly restrict the rights of users. UBase, Peach Valley, Beyond Tech and three other firms cited for unfair practices are all official repair companies authorized by tech giant Apple to service its [...]
SEOUL, July 29 (Korea Bizwire) – LG Electronics Inc., South Korea’s No. 2 tech giant, said Wednesday its second-quarter net profit tumbled 45 percent on-year due to lackluster sales of its flagship G4 smartphone and unfavorable currency rates. Net profit came to 226.4 billion won (US$195.7 million) in the April-June period, compared with 411.8 billion [...]
SEOUL, July 29 (Korea Bizwire) – South Korea’s mobile phone makers are breaking away from their premium-oriented smartphone lineups to churn out cheaper phones as consumers are more price-conscious due to tougher subsidy rules, industry watchers said Wednesday. Samsung Electronics recently rolled out its latest mid-end phone, the Galaxy A8, at an about 20 percent [...]
SEOUL, July 22 (Korea Bizwire) — South Korea’s top tech giant Samsung Electronics managed to maintain its presence in the global smartphone market in the second quarter, but its archrival Apple suffered a setback in the face of growing demand for low- to mid-end devices, data showed Wednesday. Samsung took up 26.8 percent of the [...]
SEOUL, Jul. 16 (Korea Bizwire) ― LG Electronics (LG) is partnering once again with YouTube’s hottest stars from around the world to highlight the best and most unique features of the LG G4 smartphone. Five YouTube celebrities and teams have accepted the challenge of creating videos to tell entertaining stories around the G4 this summer. So [...]