SEOUL, Nov. 12 (Korea Bizwire) — Many serving robot businesses have been found to import Chinese-made serving robots and misrepresent them as being their own product. Industry insiders reported that more than 70 percent of all serving robots in South Korea are Chinese-made. Among local manufacturers, LG Electronics Inc., Hyundai Robotics Co. and Robotis have [...]
SEOUL, Sept. 13 (Korea Bizwire) — South Korea’s online fashion platforms for women’s clothing are working on a number of initiatives, including free and fast delivery, to gain a larger market share. Ably plans to offer free returns for designer and street brand items by the end of this month. If customers return designer or [...]
SEOUL, March 31 (Korea Bizwire) — South Korea’s three electric vehicle (EV) battery makers saw their global market shares fall in the first two months of the year amid Chinese rivals’ big advances, a market tracker said Wednesday. Worldwide consumption of EV batteries stood at 25.2 gigawatt hours (GWh) in the January-February period, up 102.4 [...]
SEOUL, March 2 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. was the No. 2 supplier of electric vehicle (EV) batteries in the world in January after China’s CATL, a market research firm said Tuesday. LG Energy Solution, which spun off from LG Chem Ltd. in December last year, shipped 2.5 gigawatt-hour [...]
SEOUL, Dec. 31 (Korea Bizwire) — South Korean battery maker LG Energy Solution Ltd. was the second-biggest supplier of electric vehicle (EV) batteries in the first 11 months of the year following China’s CATL, a market research firm said Thursday. LG Energy Solution, which spun off from LG Chem Ltd. earlier this month, shipped 26.4 [...]
SEOUL, Nov. 15 (Korea Bizwire) — Samsung Electronics Co., the world’s biggest smartphone maker, saw its domestic market share exceed 70 percent for the first time in the third quarter on new products, a market research firm said Sunday. For the three months that ended in September, Samsung Electronics produced 3.4 million smartphones to account [...]
SEOUL, Oct. 5 (Korea Bizwire) — South Korean carmakers’ market share in the United States rose above pre-coronavirus levels in the March-August period, helped by new models, an industry association said Monday. Local carmakers accounted for 8.9 percent of the U.S. passenger car market during the cited period, up from the 7.7 percent during the [...]
SEOUL, Aug. 3 (Korea Bizwire) — LG Electronics Inc. has increased its smartphone market share in North America in the second quarter of the year amid the novel coronavirus pandemic, a report showed Monday, boding well for the company’s effort to end a slump in its mobile business. South Korea’s No. 2 tech firm accounted [...]
SEOUL, June 25 (Korea Bizwire) — Ultra-high definition televisions with about 8,000 horizontal pixels known as 8K TVs are being pitched as next-generation premium TVs. Despite this pitch, however, consumers have seen little need to move up from the currently ubiquitous 4K displays. According to a report released on Wednesday by the IT market research [...]
SEOUL, June 17 (Korea Bizwire) — Samsung Electronics Co. recaptured the top spot in the Southeast Asian smartphone market in the first quarter of the year by edging out its Chinese rivals, a report showed Wednesday. Samsung’s market share in Southeast Asia stood at 18.9 percent in the January-March period, according to market tracker Counterpoint [...]