SEOUL, Sept. 13 (Korea Bizwire) — South Korea’s semiconductor exports are expected to exceed US$90 billion this year due to increased overseas chip demand and higher prices, an international traders organization said Wednesday. In the January-August period, outbound shipments of computer chips surged 52 percent on-year to $59.5 billion, the Korea International Trade Association (KITA) [...]
SEOUL, Sept. 8 (Korea Bizwire) – Samsung Electronics Co. said Friday the combined preorders for its Galaxy Note 8 in South Korea reached nearly 400,000 units on the first day, far outpacing its predecessor. The South Korean tech giant said around 395,000 consumers applied to purchase the phablet Thursday. The figure eclipses numbers for the ill-fated Galaxy Note 7, [...]
SEOUL, Sept. 8 (Korea Bizwire) — The consumer price of U.S. tech giant Apple Inc.’s new iPhone to be unveiled this month will depend on how much is paid to South Korean parts manufacturers, industry watchers said Friday. The outlook came as many high-end features to be applied in the upcoming iPhone, including OLED panels, [...]
SEOUL, Sept. 7 (Korea Bizwire) – Samsung Electronics Co. maintained its top global smartphone maker title in June and July, data showed Thursday, with China-based Huawei Technologies Inc. rising to No. 2 for the first time ever on a monthly basis. According to the data compiled by Counterpoint Research, Samsung Electronics accounted for more than [...]
SEOUL, Sept. 7 (Korea Bizwire) — LG Group, which has been aggressively expanding its presence in the vehicle components sector, made clear it is not moving to build electric vehicles (EVs), industry sources said Thursday. “We are not even considering manufacturing a complete vehicle,” an LG Group official stressed. Industry watchers have been speculating that [...]
SEOUL, Sept. 6 (Korea Bizwire) – The government’s intention to reduce the maximum limit of weekly working hours from 68 to 52 has caused Samsung Electronics’ senior management to try a 52-hour work week test run. According to rumblings from within the electronics industry, departmental heads received memos advising them to “encourage staff to reduce [...]
SEOUL, Sept. 6 (Korea Bizwire) – The mother and two sisters of Samsung Electronics Vice Chairman Lee Jae-yong have recently visited him at a detention center, legal sources said Wednesday. The Samsung heir was sentenced to five years in prison on Aug. 25 for giving 43 billion won (US$38 million) in kickbacks to ousted President [...]
SEOUL, Sept. 4 (Korea Bizwire) — Global tech giants are set to release flagship smartphones equipped with high-end cameras in the second half, industry watchers said Monday, with the technological focus switching to dual lenses instead of megapixels. Industry watchers said key giants are set to release smartphones with dual-lens cameras, helping users take quality [...]
SEOUL, Aug. 23 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it introduced three buses equipped with IT facilities in Myanmar to provide underprivileged children with educational programs. The South Korean tech giant first introduced “Samsung Mobile Education Bus” in Myanmar in 2015. The company said the new buses are equipped with a class room [...]
SEOUL, Aug. 18 (Korea Bizwire) – Australia-based media Ausdroid reported Friday it has obtained marketing material for Samsung Electronics Co.’s presumed Galaxy Note 8, slated to be showcased next week. Ausdroid said it obtained a sales brochure for the South Korean tech giant’s upcoming phablet, originally slated to be revealed in New York on Wednesday, [...]