SEOUL, July 21 (Korea Bizwire) – The Solid-Optis consortium, which recently acquired cash-strapped handset maker Pantech, is seeking to grab a lion’s share of the Indonesian mobile communication market to revive the company. Byun Yang-kyun, chairman of Optis, a local optical manufacturer, said at the signing ceremony for its M&A contract with Pantech, “We will [...]
SEOUL, Jul. 17 (Korea Bizwire) — A South Korean consortium will soon sign a deal to take over ailing smartphone maker Pantech Co., industry sources said Friday, paving the way for the normalization of the country’s No. 3 smartphone maker, which has been teetering on the verge of liquidation after it sought to give up [...]
SEOUL, June 19 (Korea Bizwire) — Korean consumers are most frequently content with Apple‘s iPhone, while LG Electronics‘ smartphones and Samsung’s Galaxy series came in second and third respectively, according to a report from Consumer Insight published on June 18. Korean consumers who purchased smartphones within the past 6 months rated their phones in terms [...]
SEOUL, June 17 (Korea Bizwire) — A court decision that gave approval to a local consortium’s bid to acquire Pantech will likely give the embattled handset maker an opportunity to rebuild its business after its recent sale attempts fell through due to lack of interest, market watchers said Wednesday. The Seoul Central District Court on [...]
SEOUL, May 26 (Korea Bizwire) — Cash-strapped South Korea handset maker Pantech said Tuesday it has asked a local court to end its receivership as no viable investors sought to take over the once No. 2 handset maker in the country. Pantech, which was put under court protection August last year, has been on the [...]
SEOUL, Apr. 17 (Korea Bizwire) — Three investors made bids Friday to buy Pantech Co., the cash-strapped South Korean smartphone maker currently under court protection, industry sources said, reviving hope that the long-pending sale would soon resume after previous attempts ended in a failure due to a lack of interest. The names of the three [...]
SEOUL, Nov. 24 (Korea Bizwire) — As Pantech, a smartphone manufacturer currently under court receivership, launched its latest phone model “Vega Pop-up Note” at about a half of the original factory price, it quickly ran out of stock within a day. On November 21, the company said that it had prepared about 30,000 Vega Pop-up [...]
SEOUL, Nov. 21 (Korea Biwire) – Pantech, the third largest mobile phone vendor in Korea, and currently under court receivership, released its Vega Iron2 and Vega Popup Note at surprisingly low prices. On November 19, LG U+ lowered the price of the Vega Iron2 from 783,200 won to 352,000 won, for a discount of almost 50%. [...]
SEOUL, Oct. 11 (Korea Bizwire) – Only a week after the mobile phone handset retail structure improvement law has been in effect on October 1, the sales of smartphones made by Samsung Electronics and LG Electronics fell to a level only half of what it used to be before the law. In contrast, the sales of [...]
SEOUL, Sept. 15 (Korea Bizwire) – China-based mobile phone makers are likely to shake up the mobile industry in South Korea, a stronghold of the smartphone industry, as Chinese brands are gearing up for pushing in this nation well known for Samsung and LG. The rumor that Huawei Honor 6 would be released in South Korea turned out to be true [...]