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Pantech Transferred 230 U.S. Intellectual Property Rights to Patent Control Entity

Pantech Transferred 230 U.S. Intellectual Property Rights to Patent Control Entity

SEOUL, May 22 (Korea Bizwire) — Pantech Co. South Korea’s smallest smartphone manufacturer that recently announced it will suspend production of mobile devices, turned over 230 U.S. patents to another company, official data showed Sunday. Information provided by the United States Patent and Trademark Office (USPTO) showed that Patech, owned by Solid Inc. a local [...]

Nearly-Doomed Pantech Bets on IM-100, Targeting 5 Million Single-Person Households

Nearly-Doomed Pantech Bets on IM-100, Targeting 5 Million Single-Person Households

SEOUL, June 23 (Korea Bizwire) – “Life in the 21st century is becoming more and more enervating, especially with endless competition and pressure,” said Moon Ji-wook, president of Pantech, during a very modest press conference for its latest smartphone, the IM-100.  Pantech may be an unfamiliar smartphone brand to overseas consumers, especially compared to Korea’s [...]

Handset Maker Pantech Eyes 1.5 Tln Won in Sales in 2018

Handset Maker Pantech Eyes 1.5 Tln Won in Sales in 2018

SEOUL, Jan. 12 (Korea Bizwire) – Pantech Co., a struggling South Korean handset maker, said Tuesday it is targeting to post annual sales of 1.5 trillion won (US$1.23 billion) in 2018 by reforming itself and more aggressively tapping into new markets and business areas. Once South Korea’s No. 3 smartphone maker, Pantech was placed under [...]

Senior Advisor to Late President Roh Accepts One Dollar Payroll

Senior Advisor to Late President Roh Accepts One Dollar Payroll

SEOUL, Aug. 27 (Korea Bizwire)– Byun Yang-gyun(67), the senior presidential secretary for policy planning to Korea’s late President Roh Moo-hyun, will take office as the chairman of Smile Gate Investment. Smile Gate Investment is an investment firm founded in 1999 that hasinvested in more than 300 venture businesses, including game companies such as Smile Gate and [...]

KDB, Exim Bank Struggle with Mounting Bad Loans

KDB, Exim Bank Struggle with Mounting Bad Loans

SEOUL, Aug. 11 (Korea Bizwire) — South Korea’s two policy lenders have shouldered massive bad loans, estimated at 5.5 trillion won (US$4.75 billion), over the past five years, due to a series of collapses of big name companies during the economic slump, a report said Tuesday. The Korea Development Bank (KDB) and the Export-Import Bank of [...]