Articles by 황장진
황장진
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Samsung to release low-end smartphone
Device will be priced below $150; company aims to sell 300m cell phones, 7.5m tablet PCs and 6m samrtphones this yearBARCELONA, Spain (Yonhap News) ― Samsung Electronics Co., the world’s No. 2 cell phone supplier, plans to release a cheaper smartphone in an effort to sharply boost its smartphone sales by meeting rising demand for lower-end phones, its mobile chief said Monday. “This year, we will
Industry Feb. 15, 2011
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Korea Resources, Daewoo submit bid for Australian coal miner
Daewoo International Corp., the trading company controlled by Posco, and Korea Resources Corp. made an initial bid for Whitehaven Coal Ltd., an Australian producer with a market value of A$3.6 billion ($3.6 billion).State-run Korea Resources is leading the bid, Kim Beom-suk, a spokesman for Daewoo International said Monday by phone. The offer was confirmed by Kang Shin Young, a spokesman for Seoul
Industry Feb. 14, 2011
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Hanjin Heavy to close over labor dispute
Shares in Hanjin Heavy Industries & Construction tumbled on Monday after the Korean shipbuilder said it decided to shut down three operations in Korea due to labor strife. Hanjin said in a statement that it had submitted reports to local governments that it would close one shipyard and two plants, saying ongoing strike activity since 2009 had hampered its production.Hanjin, the only unprofitable s
Industry Feb. 14, 2011
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Kolon to merge with subsidiary
Kolon Industries Co., a Korean textile maker, plans to buy the shares in subsidiary Cambridge Kolon Co. on the market that it doesn’t own.Cambridge Kolon owners will get 782,580 shares of the merged company, or 0.16 share for every one of the existing securities, on May 16, Kolon said in a regulatory filing on Monday. (Bloomberg)
Industry Feb. 14, 2011
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Hyundai Motor seeks cooperation from group steel unit for fuel-economy goal
Hyundai Motor Co., drawing on ties to Hyundai Steel Co., plans to more than double the proportion of high-strength steel used in its vehicles by 2015 as the carmaker seeks higher fuel efficiency and lower weight across its lineup. By using advanced forms of the metal that match or exceed other Korean and Japanese steelmakers’ alloys in cost and performance, Hyundai Motor will raise the ratio of hi
Industry Feb. 9, 2011
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IT exports post strong gain in Jan.
Korea’s exports of IT-related products jumped 16.3 percent in January from a year earlier on strong global demand for semiconductors, displays and mobile phones, the government said Tuesday.The country shipped $12.83 billion worth of IT products abroad, marking the 15th month in a row that exports grew at a double-digit rate, the Ministry of Knowledge Economy said in a monthly report.Exports of se
Industry Feb. 8, 2011
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Toyota to recall Lexus for fuel pipes
Toyota Motor Corp., a Japanese carmaking giant, will recall 2,459 vehicles sold in Korea due to manufacturing defects that could lead to oil leakage, Seoul’s transportation ministry said Tuesday.Subject to the recall are the Lexus IS250 model produced and sold between Sept. 3, 2007 and Dec. 3, 2008, according to the Ministry of Land, Transport and Maritime Affairs. The luxury passenger cars were f
Industry Feb. 8, 2011
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International ferry users hit record high
The number of passengers using international ferry services in and out of Korea rose to a record high last year, bolstered by rebounding economic conditions, the government said Tuesday.International ferry passengers totaled 2.77 million last year, up 32.6 percent from a year earlier, according to the Ministry of Land, Transport and Maritime Affairs. The figure was the highest ever, exceeding the
Industry Feb. 8, 2011
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Cabinet OKs supplementary U.S. FTA
The Cabinet on Tuesday endorsed a supplementary agreement to the free trade deal concluded between Korea and the United States, a government spokesman said.In December, the two countries came to a final consensus on the bilateral free trade agreement after revising terms on issues such as auto tariffs and pork, paving the way for the parliamentary ratification of a pact that was originally signed
Feb. 8, 2011
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EU parliamentary panel endorses Korea FTA
BRUSSELS (AFP) ― A key European parliament committee endorsed Monday a major free trade deal with Korea after securing safeguards to protect Europe’s auto makers.The International Trade Committee voted overwhelmingly, 21-4, to send the deal, hailed as the most ambitious free trade pact ever negotiated by the European Union, to the full parliament for a final vote.Doubling EU trade with Korea, the
Feb. 8, 2011
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Samsung’s share in N. American cell phone market hits record
Samsung Electronics Co., the world’s second-largest mobile phone maker, maintained its lead in the North American cell phone market last year with a record share, industry data showed Tuesday. Samsung shipped 58.4 million cell phones in 2010 in the United States and Canada, claiming 30.2 percent of the handset market there, according to the data by market research firm Strategy Analytics, Inc. The
Technology Feb. 8, 2011
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Banks eye Asian credit card markets
Korea’s banking giants are tapping China, Vietnam and other Asian countries as they wade through competition in the highly saturated local credit card market, industry watchers said Tuesday.The overseas push comes as Korean card firms have been beefing up their marketing expenses in a bid to lure more subscribers with spin-offs and new entries expected to further intensify competition to grab a bi
Feb. 8, 2011
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Economy faces risks despite recent pickup
Korea‘s economy still faces many uncertainties despite its recent rebound, a government report said Tuesday, urging more efforts to achieve a “sustained” recovery by coping with lingering downside risks at home and abroad. Debt problems in advanced nations, growing inflationary pressure in emerging countries and unrest in the Middle East are cited as downside factors that could weigh on the Korean
Feb. 8, 2011
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Internet banking use up 27 percent last year
The use of Internet banking in Korea rose 27 percent last year from a year earlier as more people conducted financial transactions online for convenience, the central bank said Tuesday.Online banking transactions reached 33.7 million per day on average in 2010, compared with 26.5 million the previous year, according to the Bank of Korea. The data is based on users checking financial records, trans
Technology Feb. 8, 2011
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Kindle puts readers and friends on same page
SAN FRANCISCO (AFP) – Amazon on Monday released a preview version of a Kindle software update that puts electronic book readers on the same page with friends still clinging to ink and paper works.Page numbers in tens of thousands of Kindle digital books, including bestsellers, have been matched with those in real-world copies of the titles.“Our customers have told us they want real page numbers th
Technology Feb. 8, 2011
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