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Quake detected in NK presumed to be natural: S. Korean agency
[Breaking] 3.5-magnitude quake rattles N. Korea near nuclear test site
BTS' 'Love Yourself' hits No. 14 on British albums chart
France reaffirms participation in PyeongChang 2018
China imposes limit on oil supply to North Korea
Does NK H-bomb threat push US closer to war?
Ex-KAI head arrested over W500b accounting fraud scandal
Trump will take 'appropriate' action in event of NK H-bomb test: Tillerson
Teenager charged over London Underground attack: police
Trump calls North Korea's Kim 'a madman'

Nov 11, 2016 미분류

[US ELECTION] Protectionist threats could weaken Samsung, LG smartphone sales in US: analyst

[THE INVESTOR] South Korea’s top two smartphone makers Samsung Electronics and LG Electronics are expected to see their smartphone sales fall in the all-important US market, hit hard by protectionist threats from president-elect Donald Trump, a local analyst said on Nov. 10. In the first half of this year, Samsung and LG owned 26 percent and 13 percent market share, repectively, in the US smartphone market. Their combined share outpaced Apple’s 37 percent. “If the US government increases tariffs

Viv Labs executives visit Samsung to discuss AI

[THE INVESTOR] The top executives of Viv Labs, a US artificial intelligence startup which was acquired by Samsung Electronics last month, paid a visit to the head office of the Korean tech giant in Seoul on Nov. 4. Viv Labs CEO Dag Kittlaus and CTO Adam Cheyer had meetings with the top management of Samsung, including Rhee In-jong, who heads Samsung’s mobile R&D division. The visit comes amid rumors that Samsung would incorporate the US startup’s AI platform, called Viv, into its Gala

Nov 7, 2016
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Miele denies LG’s claim of patent infringement

[THE INVESTOR] German home appliance giant Miele on Oct. 28 denied the allegations that its steam washing machine breached its Korean peer LG Electronics' related patents. “Miele has not violated any patent owned by a third party,” Miele Korea said in a statement. “Miele owns patents related to front-load steam washing machines, with some of them under application process.” LG Electronics’ steam washing machineThe Korean unit added the headquarters is open to talks on the issue with LG, saying t

Oct 29, 2016
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[EQUITIES] ‘Naver shares to slow down but maintain growth’

[THE INVESTOR] Hanwha Investment & Securities on Oct. 28 forecast Naver’s rising share price will experience a brief slowdown, but will maintain strong growth on the back of steady earnings in the fourth quarter. The local brokerage predicted Naver’s fourth-quarter operating profit will jump 52 percent on-year to 309 billion won (US$269.69 million), while revenue will rise 22 percent to 1.08 trillion won. Naver's new CEO Hahn Seong-sook“With the launch of new shopping ads next month, sales of mo

Oct 29, 2016
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[EQUITIES] Hanwha Investment projects Samsung’s Q4 operating profit at W7.4tr

[THE INVESTOR] Hanwha Investment and Securities on Oct. 28 predicted Samsung Electronics’ fourth-quarter operating profit at about 7.4 trillion won (US$6.46 billion), raising the target stock price to 1.9 million won from the previous 1.8 million won. “Samsung struggled in the third quarter but the company is expected to elevate profits in the longer term thanks to its strong parts sales, including 3-D NAND chips and flexible organic light-emitting diode displays,” the securities firm said.Hanwh

Oct 29, 2016
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KT’s Q3 operating profit increases 17%

[THE INVESTOR] South Korean network operator KT said in a preliminary regulatory filing that its operating profit in the third quarter was 401.6 billion won ($350.66 million), up 17 percent from a year earlier. Its revenue came in at 5.53 trillion won, up 0.7 percent compared to the July-September period last year.By breakdown, the firm’s wireless network business saw its revenue increase 2.2 percent during the third quarter to 1.88 trillion won while its landline network segment, which embraces

Oct 29, 2016
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NCSOFT unveils new mobile game ‘Lineage Red Knights'

[THE INVESTOR] South Korean game developer NCSOFT unveiled its new mobile game “Lineage Red Knights” in Seoul on Thursday, announcing plans to officially launch the game in 12 countries on Dec. 8.　　The mobile game is based on “Lineage,” a pioneering multiplayer online role-playing game introduced in 1998 that rocketed NCSOFT to become one of Korea’s biggest game developers.　　NCSOFT plans to launch its new mobile RPG in 12 countries, including Korea, Taiwan and parts of Southeast Asia, on Dec. 8,

Oct 27, 2016
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Samsung to unveil new shareholder policy next month

[THE INVESTOR] Samsung Electronics plans to roll out a set of new corporate policies next month that are more friendly to shareholders in an apparent move to appease mounting demands from investors calling to modernize its governance structure and share more profits with them. “We are reviewing the demands from shareholders, including the latest one by Elliott Associates, to offer them more benefits,” said a Samsung executive in a conference call after the company’s third-quarter earnings report

Oct 28, 2016
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Note fallout overshadows Samsung heir’s boardroom debut

[THE INVESTOR] The “coronation” of Samsung Electronics' Vice Chairman Lee Jae-yong on Thursday as a member of the board of directors was overshadowed by concerns over the Note 7 fallout.In the morning, shareholders appointed the grandson of the Samsung founder to its board of directors, paving the way for Lee to step up as an official leader of South Korea’s largest conglomerate. Lee did not attend the meeting.The unanimous vote, however, was soon followed by questions from shareholders over how

Oct 27, 2016
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LG Electronics extends losses on smartphone sales

[THE INVESTOR] LG Electronics on Oct. 27 reported its third-quarter operating profit of 283.2 billion won (US$250.90 million), down 3.7 percent from a year ago. Revenue also fell 5.7 percent on year to 13.2 trillion won. Despite strong sales of its TVs and home appliances, the mobile business division suffered extended losses of 466.4 billion won after a series of failures in its flagship G series phones in recent years, including the latest G5. “Phone sales declined almost 24 percent due to slu

Oct 28, 2016
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LG chief cleared of damaging Samsung washing machines

[THE INVESTOR] The South Korean Supreme Court on Oct. 27 upheld a lower court ruling that acquitted Cho Seong-jin, CEO of LG Electronics’ home and appliance unit, of intentionally vandalizing Samsung washing machines at a retail store in Berlin.The top court ruled in favor of Cho, saying it found no error in the lower court’s decision. It also found two other LG executives not guilty. LG Electronics' President Cho Seong-jin (center) leaves a court in Seoul on Oct. 27.Three LG executives were ind

Oct 28, 2016
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Samsung heir’s board membership approved

[THE INVESTOR] Samsung Electronics shareholders on Oct. 27 approved the nomination of Vice Chairman Lee Jae-yong as a board member of the Korean tech giant. In an extraordinary shareholders meeting in Seoul, the vote for the Samsung heir’s board membership was taken by a show of hands.Lee, the only son of the ailing Samsung patriarch, Samsung Electronics Chairman Lee Kun-hee, will be responsible for civil and criminal matters as a board member of the company. He is the first family member to joi

Oct 28, 2016
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Naver’s Q3 revenue breaks W1tr mark

[THE INVESTOR] South Korean internet giant Naver on Thursday reported that its third-quarter revenue surged 20.5 percent on-year to reach 1.01 trillion won ($890 million), led by growing sales from its overseas and mobile businesses. 　It is the first time ever that Naver’s quarterly earnings have surpassed 1 trillion won, the company said in a regulatory filing. In the July-September period, Naver’s operating profit surged 27.6 percent from a year earlier to 282.3 billion won. Its consolidated n

Oct 28, 2016
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Naver maintains 30% dividend payout ratio

[THE INVESTOR] Naver, South Korea’s top internet portal operator, will continue to maintain a dividend payout ratio of 30 percent, the company said on Oct. 27. “Since 2009, we have been giving 30 percent of net income to shareholders and we will continue to do so,” Naver said during a conference call to discuss its third-quarter financial and operating results. It also added that the company has no plan to retire its treasury stocks. The company's net profit surged 69.5 percent from a year earli

Oct 28, 2016
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Samsung to invest record W27tr in chips, displays

[THE INVESTOR] Samsung Electronics said on Oct. 27 it will make a record 27 trillion won (US$24 billion) investment in production facilities for semiconductors and displays this year. The company said 13.2 trillion won will be poured to beef up the production of V-NAND flash memory chips that are used for large-scale data centers and business servers and to upgrade other production facilities overall.Another 10.9 trillion won will be used for the production expansion of flexible organic light-em

Oct 28, 2016
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The Korea Herald by Herald Corporation

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Date of registration : 2015.04.28
Publisher. Editor : Kwon Chung-won
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