Most Popular
-
1
Tensions heighten ahead of first president-opposition chief meeting
-
2
Seoul to provide housing subsidy to married couples with newborns
-
3
New celebrity-endorsed therapy for face contouring requires only a pair of rubber bands
-
4
[KH Explains] No more 'Michael' at Kakao Games
-
5
Rapper jailed after public street fight with another rapper
-
6
Woman gets suspended term for injuring boyfriend with knife
-
7
Nominee for chief of anti-corruption body pledges 'independence, effectiveness'
-
8
Samsung chief bolsters ties with Germany’s Zeiss
-
9
Med schools expect 1,500+ new admission slots next year
-
10
KT launches new mobile plans for foreign residents
-
Samsung Electronics won't merge with healthcare affiliate
South Korean tech giant Samsung Electronics Co. said Friday it will not merge with Samsung Medison Co., its healthcare arm, five months after the handset maker said it was "considering" doing so. "Our company has no plan to merge with Samsung Medison, or split off the medical business," the tech firm said in a regulatory filing. Samsung Medison, a local manufacturer of medical devices, became a Samsung Electronics affiliate in 2011. The tech firm had said in September in response to a confirma
Feb. 27, 2015
-
Samsung freezes salaries for 2015 amid earnings slump
South Korea's top tech firm Samsung Electronics Co. said Thursday it has decided to freeze pay for its employees for 2015, as the world's No.1 handset maker struggles to bounce back from a slump in its mainstay mobile business that ate into overall profits. A Samsung official earlier told Yonhap that the company plans to fix this year's salaries, although overall performance incentives, which depend on profits, would not be affected. A company spokesman confirmed, saying, "It is true that the
Feb. 26, 2015
-
Daum Kakao's net up 36 pct in Q4
Daum Kakao Corp., the operator of South Korea's top mobile messenger KakaoTalk, said Thursday its net profit rose 36 percent in the fourth quarter from a year earlier, boosted by robust sales from e-commerce platforms and mobile advertising. Net profit reached 50.6 billion won ($45.9 million) in the October-December period, compared with 37.2 billion won the previous year, the company said in a regulatory filing. Operating profit surged 71 percent on-year to 65.7 billion won, with sales coming t
Feb. 12, 2015
-
Daum Kakao taps mobile publishing in China
Daum Kakao Corp., South Korea's top mobile messenger and web portal operator, said Tuesday it will work with local game developers to tap into mobile publishing in China in a bid to expand its footing in the world's most populous country. The company plans to set up a task force in Seoul and at its Beijing-based office in the first half to help local game developers publish their mobile game apps on Chinese platforms, including 360, Tencent and Baidu, Daum Kakao said in an emailed release. Daum
Feb. 10, 2015
-
E-mart re-targets China via Alibaba shopping mall
E-mart, South Korea's biggest discount chain, said Tuesday it is launching sales at an Alibaba-powered online shopping mall, its latest effort to revive retail footing in the world's second-largest economy after previous expansion attempts flopped.Starting mid-March, E-mart will sell some 100 food and electronic products, such as soybean paste and rice cookers, at Tmall Global, an online shopping mall operated by Chinese e-commerce giant Alibaba, the retailer said in a press release.E-mart would
Feb. 10, 2015
-
Samsung, Microsoft end patent dispute
Samsung Electronics and Microsoft Corp. said Tuesday they have decided to end their yearslong patent fee dispute but declined to provide details on the conditions of the agreement. "Samsung and Microsoft are pleased to announce that they have ended their contract dispute in U.S. court, as well as the International Chamber of Commerce arbitration. Terms of the agreement are confidential," the two companies said in a joint statement via their official blogs."Due to the agreement between the two c
Feb. 10, 2015
-
Dessert cafe chain Sulbing expands into China
Dessert cafe franchise Sulbing said Monday it plans to open 150 branches in the world's second-largest economy by 2017, joining in a legion of South Korean food producers and confectioneries that have expanded abroad to secure new growth engines.Sulbing has signed a deal with China's Shanghai Yabin Food Stuff Trade Co. to open two branches in Shanghai by April and have 150 branches across the country by 2017, the company said in a press release. The move marks the company's first overseas expans
Feb. 9, 2015
-
Chung family's stake sale in Hyundai Glovis 'credit positive': Moody's
The recent stake sale by Hyundai Motor Group Chairman Chung Mong-koo and his son in Hyundai Glovis Co. is "credit positive" as it reduces the risks from upcoming toughened government penalties on intra-group transactions, a main revenue source for the logistics unit, a global credit appraiser said Monday.On Friday, Hyundai Motor Group said that its chairman and his son, Eui-sun, sold about 5 million shares in Hyundai Glovis for an estimated 1.1 trillion won ($1 billion). The sale brought down th
Feb. 9, 2015
-
SK hynix pushes next-generation mobile chip
South Korea's chip giant SK hynix Inc. said Monday it has started supplying its up-to-date memory chip for LG Electronics Inc.'s new flagship smartphone lineup, in its latest push to grab a bigger market share with the new mobile component as it vies against home rival Samsung Electronics Co. The low-power double data rate 4, an 8-gigabit dynamic random access memory mainly produced for mobile phones and digital cameras, has been installed in LG's G Flex 2, the curved-style handset that hit loca
Feb. 9, 2015
-
Hyundai E&C inks $126 mln order from Saudi Arabia
Hyundai Engineering & Construction Co., South Korea's No. 2 builder, said Monday it has won a $126 million project to lay power transmission lines in Saudi Arabia. Hyundai E&C will build 249 kilometers of a 380-kilovolt transmission line throughout the Saudi capital of Riyadh, the South Korean builder said. The deal was struck with the Saudi Electricity Company."The latest project comes as the company received recognition for excellent engineering skills and overall performance seen in other sim
Feb. 9, 2015
-
SK hynix narrows gap with Samsung in NAND flash sector
South Korea's No. 2 chipmaker SK hynix Inc. saw its share of the NAND flash market rise in the fourth quarter of 2014 from three months earlier, narrowing its gap with industry leader Samsung Electronics Co., data showed Sunday.SK hynix saw its market share reach 11.4 percent in the October-December period, up 1.1 percentage points from the 10.3 percent posted a quarter earlier, the data by market tracker TrendForce showed. In contrast, Samsung saw its shares fall 1.8 percentage points over the
Feb. 8, 2015
-
Samsung's hospitalized head No. 1 dividend earner in 2014
Lee Kun-hee, the de-facto head of South Korea's top family-controlled conglomerate Samsung Group, earned the most amount of dividends among local businessmen last year, data showed Sunday, helped by the government's pressure on listed firms to expand returns to shareholders.Lee, who has been hospitalized since May after suffering a heart attack, earned 178.8 billion won ($164 million) in 2014, up 63 percent from a year earlier, the data by market researcher Chaebul.com showed.The jump came as th
Feb. 8, 2015
-
Samsung No. 3 reputable firm in U.S.: report
South Korea's Samsung Group was named as the third-most reputable firm in the United States, a report showed Sunday, on the back of its strong products and services appealing to American consumers.Being the only foreign company to be included in the top-10 list, only two firms, grocery-chain operator Wegmans Food Markets Inc. and e-commerce giant Amazon.com Inc., outperformed Samsung in terms of corporate reputation, the report by U.S.-based market researcher Harris Poll showed.Apple Inc., which
Feb. 8, 2015
-
Samsung Electronics' portion in group affiliates falls in 2014
The profit portion of South Korea's tech giant Samsung Electronics Co. among its listed group affiliates declined last year from a year earlier as the smartphone maker reported the weakest earnings in three years, data showed Thursday. The tech firm -- the flagship unit of the country's top conglomerate, Samsung Group -- posted 25 trillion won ($22.9 billion) in operating profit for the January-December period of 2014, accounting for 80.9 percent of the combined operating income from 18 listed
Feb. 5, 2015
-
LG Electronics Q4 net loss widens
LG Electronics Inc., South Korea's leading home appliance and smartphone maker, said Thursday its net loss widened by more than threefold in the fourth quarter of 2014 from a year earlier as it suspended production of plasma display panel (PDP) TVs due to lack of demand.Net loss came to 205.7 billion won (US$189.9 million) in the October-December period, compared with a loss of 63.5 billion won the previous year, the company said in a regulatory filing. The figure was in line with the market con
Jan. 29, 2015
-
SK Telecom Q4 net jumps on growing LTE subscribers and new businesses
SK Telecom Co., the country's top mobile operator, said Thursday its fourth-quarter earnings soared on an increased number of subscribers to its faster mobile Internet connection and a rise in sales from its business solution service.Net profit came to 503.3 billion won (US$465 million) in the October-December period, up 71.4 percent from the 293.6 billion won tallied a year earlier, SK Telecom said in a regulatory filing. The figure, however, marks a 5.2 percent drop from the previous quarter.R
Jan. 29, 2015
-
Samsung Electronics gears up to keep mobile grip after weakest profit in 3 years
Samsung Electronics Co. set out to reclaim its edge in the handset business that on Thursday revealed its weakest annual earnings in three years for the world's top smartphone maker, as competition is expected to get fiercer with global rivals in both the high- and low-end markets.The tech giant booked a net profit of 23.4 trillion won ($21.6 billion) in 2014, down 23.2 percent from 30.5 trillion won the previous year, the company said in a regulatory filing.The operating profit fell 32 percent
Jan. 29, 2015
-
Samsung Electronics' Q4 net down 27 pct
Samsung Electronics Co., the world's top smartphone maker, said Thursday its net profit fell 26.7 percent in the fourth quarter of 2014 from a year earlier, dampened by sluggish smartphone sales as its global rivals increased their shares in both the high- and low-end markets. (Yonhap)Net income came to 5.35 trillion won (US$4.93 billion) in the October-December period, compared with 7.3 trillion won the previous year, the company said in a regulatory filing.Operating profit dipped 36.4 percen
Jan. 29, 2015
-
Naver's net more than doubles in Q4
Naver Corp., South Korea's top Internet portal operator, on Thursday released weaker than expected fourth-quarter earnings, sending its stock price to a one-week low.Net income came to 134.5 billion won (US$124.2 million) in the October-December period, more than doubling from 54.1 billion won a year earlier, the company said in a regulatory filing. But the fourth-quarter reading was well below the median estimate of 163.2 billion won suggested by South Korea's nine brokerage houses, according t
Jan. 29, 2015
-
Big firms expected to cut recruitment slightly in 2015
Leading South Korean companies are likely to hire fewer new employees in 2015 than last year as there is no clear sign of an economic recovery, a poll showed Tuesday.The survey by the Korea Chamber of Commerce and Industry (KCCI), which canvassed the country's top 500 companies by sales, found 180 of them plan to hire 22,844 new workers in 2015, down 2.3 percent from 23,385 last year. Of those polled, 305 responded.Among the respondents, 125 said they have not yet come up with a hiring plan as t
Jan. 27, 2015