SEOUL, April 29 (Korea Bizwire) — Samsung Electronics Co. retook the top spot in the global smartphone market from Apple Inc. in the first quarter of 2022, data showed Friday. The South Korean tech giant shipped 74 million units of smartphones over the January-March period, up 7 percent from the previous quarter and down 3 [...]
SEOUL, April 26 (Korea Bizwire) — South Korea’s imported electric vehicle (EV) market, once dominated by Tesla Inc., is now facing fierce competition with European brands releasing new models. The Ministry of Trade, Industry and Energy and the Korea Automobile Importers & Distributors Association (KAIDA) reported that a total of 5,278 units of imported EV [...]
SEOUL, Feb. 7 (Korea Bizwire) — The combined global market share of three major South Korean battery makers declined last year from a year earlier, due largely to the growth of their Chinese rivals, data showed Monday. The cumulative market share of LG Energy Solution Ltd. (LGES), SK Innovation Co. and Samsung SDI Co. came [...]
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 [...]