SEOUL, June 22 (Korea Bizwire) — South Korea’s top tech giant Samsung Electronics is anticipated to sell 45 million units of its latest in the flagship Galaxy smartphone line in 2015, a news report said Monday, falling behind earlier market expectations. Samsung started official sales of the Galaxy S6 series on April 10. The Galaxy S6 boasts [...]
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, June 10 (Korea Bizwire) — The number of executives at South Korea’s conglomerates have declined in the first quarter, a report showed Wednesday, as many businesses here scrambled to cut back costs amid a protracted economic slowdown. The number of high-ranking executives at 268 firms affiliated with 30 local conglomerates stood at 10,486 in [...]
SEJONG, June 9 (Korea Bizwire) — Job creation by South Korean listed companies has plunged over the past four years as weak demand force them to scale back investment and hiring, data showed Tuesday. According to the data by Statistics Korea and market research FnGuide, listed companies offered some six jobs for every 100 positions [...]
SEOUL, June 8 (Korea Bizwire) – South Korean companies are rushing to step up their emergency response efforts to better protect their employees from Middle East Respiratory Syndrome (MERS), which is showing signs of a wide spread in South Korea. South Korea remains gripped by the potentially deadly disease that has claimed six lives so far [...]
SEOUL, June 7 (Korea Bizwire) — South Korean tech giant Samsung Electronics is expected to further cement its lead in the global solid state drive (SSD) market this year, far outstripping Intel and other rivals, industry data showed Sunday. Samsung’s revenue from the segment will likely reach US$4.57 billion this year, grabbing 35 percent of the world [...]
SEOUL, June 3 (Korea Bizwire) – Hyundai Motor, a bellwether for Korea’s economy along with Samsung Electronics, saw its stock price collapse more than 10 percent to its lowest level in 57 months on June 2. Shares of the company, the fifth largest automaker in the world, tumbled 10.36 percent to 138,500 won (US$125.3), their [...]
SEOUL, June 3 (Korea Bizwire) — South Korean tech giant Samsung Electronics said Wednesday it will launch a mobile payment platform in South Korea and the United States around September. Samsung Pay will be available upon the release of Samsung’s next flagship model around September, and the company will gradually expand sales to China, Europe, Australia [...]
SEOUL, June 2 (Korea Bizwire) – South Korea’s top family-controlled conglomerates, known here as chaebol, have recently announced plans to merge their key units, in what is widely seen as a play to simplify their governance structures and help pave the way for power transfers. Betting such moves will trigger a bull run for the [...]
SEOUL, May 28 (Korea Bizwire) – “With smartphones, users will be able to change their home lighting in 36,000 different ways. At the same time, they won’t need to push a cart at a store. All they’ll need to do is scan barcodes, and the products will be delivered to their homes,” said an SK [...]