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S. Korean Washers Top U.S. Product Evaluation Reports amid Moves Toward Protectionism

S. Korean Washers Top U.S. Product Evaluation Reports amid Moves Toward Protectionism

SEOUL, Oct. 19 (Korea Bizwire) — South Korean washers topped product reviews by major U.S. consumer evaluators, industry watchers said Thursday, as Washington’s trade commission moves to take protectionist steps. Earlier this month, the U.S. International Trade Commission (ITC) determined that products made by Samsung Electronics Co. and LG Electronics Inc. are exerting an adverse [...]

Whirlpool Demands 50 pct Tariff on Samsung, LG Washers

Whirlpool Demands 50 pct Tariff on Samsung, LG Washers

SEOUL, Oct. 18 (Korea Bizwire) — U.S. tech manufacturer Whirlpool Corp. has demanded a punitive tariff of 50 percent on South Korean firms’ washers, government sources said Wednesday. According to South Korea’s trade ministry, Whirlpool submitted the demand to the U.S. International Trade Commission (ITC), which earlier determined that Samsung Electronics Co. and LG Electronics [...]

Samsung Electronics Forecasts Record High Operating Profit for Q3

Samsung Electronics Forecasts Record High Operating Profit for Q3

SEOUL, Oct. 13 (Korea Bizwire) – South Korean tech giant SamsungElectronics Co. said Friday that its third-quarter operating profit is expected to have nearly tripled on-year, apparently on the sound returns from its computer chip business. Operating profit was estimated at 14.5 trillion won (US$12.8 billion), compared with 5.2 trillion won tallied a year earlier, the company [...]

Phones More Than Two Times More Expensive in South Korea Than Abroad

Phones More Than Two Times More Expensive in South Korea Than Abroad

SEOUL, Oct. 10 (Korea Bizwire) – Prices of mobile handsets sold in South Korea are some 2.6 times the global average, a lawmaker claimed Tuesday, apparently as tech giants are reluctant to release more budget models locally. Citing the data compiled by industry tracker Gartner, Rep. Byun Jae-il of the ruling Democratic Party said the [...]

U.S. Semiconductor Packaging Firm Files Lawsuit Against Samsung Electronics

U.S. Semiconductor Packaging Firm Files Lawsuit Against Samsung Electronics

SEOUL, Sept. 29 (Korea Bizwire) – A U.S.-based semiconductor technology company filed a lawsuit against Samsung Electronics Co. claiming patent infringement, industry sources said Friday. According to the sources, Tessera Technologies Inc. and its affiliates claimed Samsung Electronics made use of some 24 patented items, covering a wide range of semiconductor processing, bonding and packaging technologies. The Samsung products involved in the alleged infringements include the Galaxy S6, S7 and [...]

Semiconductor, Display Makers to Invest 52 Trillion Won by 2024

Semiconductor, Display Makers to Invest 52 Trillion Won by 2024

SEOUL, Sept. 18 (Korea Bizwire) — Major South Korean manufacturers of semiconductors and displays plan to invest a combined 51.9 trillion won (US$45.8 billion) in the domestic market by 2024 to help stimulate the local economy and create jobs, the government said Monday. Senior executives from major manufacturers announced their investment plans during a meeting [...]