June 20, 2019

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Samsung Galaxy Fold is now ready for launch: Samsung Display exec

Samsung Electronics’ first foldable smartphone, the Galaxy Fold, will launch soon, as “most” issues linked to the screen have been solved, a Samsung Display executive has revealed. “Most of the display problems have been ironed out, and the Galaxy Fold is ready to hit the market,” said Samsung Display Vice President Kim Seong-cheol in his speech at a conference held by industry organization The Korean Information Display Society on June 18 in Seoul.Samsung Display,

KTB Securities Thailand seeks listing on solid profits

BANGKOK -- After a six-year slump, KTB Securities Thailand jumped back into the black in 2016. And now, as the only South Korean financial subsidiary in Thailand, the brokerage is eyeing a listing in the Southeast Asian nation. The secret behind the recent turnaround is localization efforts carried out by the parent group, South Korea’s KTB Investment & Securities. “In the past, (KTBST) filled the top management with Koreans,” KTBST CEO Win Udomrachtavanich said in a r

S.M. Entertainment pressed to answer activist shareholder’s demands

S.M. Entertainment, South Korea’s largest K-pop powerhouse by market cap, is at a crossroads having to decide on taking action ahead of a deadline issued by an activist investor to merge with another firm owned by founder and Executive Producer Lee Soo-man.S.M. must respond by June 20 to these and other demands by KB Asset Management, which has publicly called on Like Agency -- a private company owned by Lee -- to be merged with the entertainment firm in order to keep intact the corporate

SK hynix’s new China plant to stay idle over Huawei fallout

Memory chip powerhouse SK hynix is slowing down the pace to ramp up production at its new Chinese plant amid mounting concerns over the negative consequences of the escalating US-China trade war.The Korean chipmaker planned to start full operations of its new DRAM manufacturing plant, called C2F, in Wuxi, in the third quarter after the plant was completed in April. The company spent 950 billion won ($800 million) to construct the plant over more than two years, is addition to the existing C2 mem

Taxi-sharing app operator Kornatus snaps W1.2b funds

South Korea’s taxi-sharing app operator Kornatus said on June 17 it has received 1.2 billion won ($1 billion) in early-stage round funding from domestic venture capital firms, just before the apps’ official launch. Investors in the round include newly founded VC Thoughts Become Things, as well as seasoned Bon Angels and SparkLabs Ventures.Related:Tada Premium gets approval amid controversyTaxi industry, Kakao Mobility reach breakthrough agreementCriticism grows over Kakao Mobility&rs

Samsung Display continues to lead in mobile market: IHS

Samsung Display, a subsidiary of tech giant Samsung Electronics, spearheaded the global smartphone display industry in the January-March period this year while Chinese display makers fast expanded their presence in the segment, according to global market research firm IHS on June 17.Samsung raked in $3.45 billion, accounting for 40.2 percent global market share. Its market share slightly decreased on-year from 46.8 percent, it still maintained a large gap with runner-up Japan Display, which took

SKT to develop 6G network tech with Nokia, Ericsson

South Korea’s biggest mobile carrier SK Telecom said on June 16 it will develop the sixth-generation network technology with Nokia and Ericsson, as the Korean government seeks to enhance economic ties with Nordic countries. 　The telecom firm signed memorandums of understanding for research and development cooperation with the two companies based in Finland and Sweden. 　While there are still no technological standards for what constitutes a 6G network, and its preceding 5G network is only a

Capstone Partners sets up ‘Industry 4.0’ fund

Venture capital firm Capstone Partners said on June 17 it has set up a 50 billion won ($42 million) fund that will focus on the “fourth industrial revolution. The fund has been established in tandem with the Seoul City government and Korea Growth Investment Corp and Korea Telecommunications Operations Association. About 80 percent of the fund will be directed to companies with high technologies related to the fourth industrial revolution with 26 billion won to be invested in technolog

Hankook Tire & Technology aims to lead market through innovative tech

　Following the change in its name last month to Hankook Tire & Technology, the firm said Sunday it plans to lead the global original equipment tire market by beefing up its research and development on innovative technology. 　In May, the company was renamed from Hankook Tire as part of its holding company Hankook Technology Group’s rebranding to redefine its focus. 　The group said it included the word “technology” to reflect its long-term mission to achieve innovation throug

Korea-Finland joint startup events wrap up with 27-hour hackathon

Joint startup events hosted by entities from South Korea and Finland this week wrapped up June 12 with a 27-hour hackathon.At the Korea-Finland Joint Hackathon, 40 college students from Korea and 20 from Finland broke down into eight teams to come up with solutions to create eco-friendly cities. The event was co-hosted by Seoul-based hardware accelerator N15 and Finnish hackathon community operator Junction. The idea of using technology to create an “eco-friendly green city of the future&r

S. Korea, Finland to collaborate on 6G network

South Korea’s top state-run research institute ETRI has signed a memorandum of understanding with the University of Oulu in Finland to develop the sixth-generation network technology, according to the Ministry of Science and ICT on June 12.The agreement between the two sides came amid South Korean President Moon Jae-in’s state visit to the Nordic nation. On June 9 (local time), Moon and Finnish President Sauli Niinisto agreed that the two nations will cooperate to develop next-genera

EU realty market continues to be bullish: Schroder

Schroder Real Estate Investment Management officials downplayed skepticism about the upswing in the commercial property market in the United Kingdom and across Europe in a press conference in Seoul on June 12. “There is a lot of discussion in Europe about how close we are to the top of the cycle,” said Mark Callender, head of real estate research at Schroder. “But that is kind of magical thinking.”Related:[INTERVIEW] Forex hedging, diversification behind Korean investment

Samsung Galaxy Fold is now ready for launch: Samsung Display exec

Investors face setback of W200b on YG scandal

SK hynix’s new China plant to stay idle over Huawei fallout

KTB Securities Thailand seeks listing on solid profits

S.M. Entertainment pressed to answer activist shareholder’s demands

GS E&C to build solar power plants in Ukraine

Samsung to release 5G Galaxy Note 10 in S. Korea in Aug.

LG Display tops auto display market in Q1

KT to jack up investments for 5G-based cloud platform

Samsung, SKT join hands for 6G R&D

Samsung SDS vows to expand enterprise blockchain platform

SK Group sells most debt among major biz groups

Korea adds 359,000 jobs in Q4

Korea retains top spot on EU innovation list

Corporate revenue, profit down in Q1

Korea to open world’s first 5G urban autonomous car driving test bed

Hyundai Glovis sets up transport company in US

10 automakers to recall over 40,000 vehicles

Asiana adds ninth A350 to fleet

TMON promotes COO as new CEO in reshuffle

After-school edutech startup Jaranda raises W3.1b in series A funding

Yanolja joins unicorn club with new $180m funding

Mashup Angels-backed startup offers AI-powered beauty recommendation

Why birth order is a big deal at LG

New thinking needed on GM Korea

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