Renault is striving to increase its presence in the Korean market with its electric vehicles (EVs). It is planning to further strengthen its cooperation with Korean companies, such as LG Chem, to capitalize on President Park Geun-hye’s recent visit to its EV manufacturing facilities. During her visi
At a November 4 board meeting, Samsung Everland decided to establish a wholly-owned subsidiary called Samsung Welstory by separating the food service and food ingredient distribution businesses that account for 45% of its total sales. The company also made a decision to transfer its building/asset m
Financial authorities who burnt their fingers in the Tongyang Group scandal are now enforcing the risk management of large enterprises. Authorities decided to extend the selection standards for the “main debt affiliation” policy managing insolvent enterprises to over 13 additional large enterprises.
Samsung Electronics set its mobile phone sales goal for next year at 550 million units. It is planning to sell 100 million units of smartphones each quarter to achieve an annual sales volume of 400 million units and keep its rivals, not just Apple but also Chinese manufacturers, at bay. Samsung Elec
LG Electronics’ flagship smartphone is widely regarded as one of the best smartphones this year. According to US-based magazine Consumer Reports on November 4, the LG G2 was chosen as one of the top 10 electronics products of 2013, along with Apple’s iPhone 5s. LG’s smartphone is the only selected a
The Wall Street Journal (WSJ) reported on November 3 (local time) that patent wars flared up again in the IT sector. Rockstar, a consortium composed of Apple, Microsoft, Blackberry, Ericsson, and Sony sued Google, Samsung Electronics, LG Electronics, HTC, and Asustek, companies that together run the
It has been found that Apple has more than doubled its market share in Japan since its cooperation with NTT DoCoMo, the largest mobile carrier in Japan, to pose a significant challenge to Samsung Electronics’ efforts to penetrate the Japanese market. Hong Kong-based market research firm Counterpoint
Samsung Electronics has been selected as one of the equipment and solution providers for the LTE-TDD network establishment project of Sprint, the third-largest mobile carrier in the United States. Sprint is planning to provide LTE-TDD services with its newly-procured 2.6GHz frequency band. As Samsun
Samsung Electronics has appealed a ruling by the US International Trade Commission (ITC) against only one standard-essential patent (SEP) instead of commercial ones, following the US presidential veto of an import ban of older iPhones and iPads. Apparently, the Korean company decided to zero in on t
Renault-Nissan Alliance Chairman & CEO Carlos Ghosn’s visit to Korea for the first time in 16 months is attracting a lot of attention. When he visited Korea in July last year, he came up with surprising news that Renault Samsung Motors’ Busan plant would be commissioned to manufacture 80,000 units o
Google Chairman Eric Schmidt visited the main office building of Samsung Electronics located in Seocho-dong, Seoul on October 31 and met with its president, Choi Ji-sung. However, neither one mentioned any details of their talks.
The industry’s first LTE-A model of Samsung’s new flagship tablet PC is being unveiled today in South Korea.Samsung Electronics announced on October 31 that it will introduce the LTE-A Samsung Galaxy Note 10.1 2014 Edition through three local mobile carriers on November 1. A Wi-Fi model will be laun
SKC, the chemical and film division of the SK Group, is seeking various strategic methods for entering the semiconductor materials market. Nothing specific has been disclosed yet, but the company is determined to develop the business into a new growth power, along with Solmics in the solar power bus
LG Electronics released its flexible smartphone, the G Flex, featuring its first curved display. It is now competing technologically against Samsung Electronics which previously released the Galaxy Round, opening doors to the flexible smartphone market. On October 28, LG Electronics disclosed the de
Local securities companies with equity capital of over three trillion won (US$2.82 billion) are now allowed to handle business loans. At the same time, the prime brokerage service, which has been limited to domestic hedge funds, is allowed for financial companies, pension funds, and overseas hedge f
“Standard patents should not get in the way of corporate innovation, but instead the patents must be a catalyst for greater innovation and cooperation. Companies such as Samsung Electronics and Apple should work together with each other rather than filing suits.”International Telecommunication Union