Samsung bets on 10-nanometer chip technology

[THE INVESTOR] Samsung Electronics said in its second-quarter conference call on July 28 that it would for the time being focus on rolling out 10-nanometer semiconductors rather than moving onto still-fledgling 7-nanometer chips. ...

Hyundai Motor slips in US ranking

[THE INVESTOR] South Korea’s largest automaker Hyundai Motor slipped down in the US ranking of cars that measures the overall satisfaction of owning and driving cars. Hyundai Motor ranked ninth, down from second last year, among ...

Gov’t to launch market for startup stakes

[THE INVESTOR] The KRX Startup Market will be established this year to facilitate trading stakes in startups that raise money through crowdfunding, Financial Supervisory Commission Chairman Yim Jong-yong said on July 28. “A dedic...

Samsung Galaxy S7 Edge outsells its flat-screen sibling

[THE INVESTOR] Samsung Electronics said on July 28 that sales of the curved-screen Galaxy S7 Edge made up more than 50 percent of its total flagship S7 sales in the April-June period. The Korean tech giant didn’t reveal the speci...

Samsung far outpaces Apple in smartphone shipments

[THE INVESTOR] Samsung Electronics said on July 28 it has shipped about 90 million handsets in the April-June period with smartphones making up more than 80 percent of the total. Samsung’s second-quarter smartphone shipments are ...

Sales at department stores, discount retailers up in June

South Korea's major department stores and discount chains saw their sales rise in June from a year earlier due to an increase in holidays, government data showed Thursday.The combined sales of three department stores -- Hyundai, L...

Korean firms' business sentiment worsens for Aug.

A majority of large South Korean firms expect their business conditions to further deteriorate next month due to weak demands at home and abroad, a survey showed Thursday.The business survey index came to 89.5 for August, down fro...

SKT's bid to take over No. 1 cable TV operator officially terminated

Top mobile carrier SK Telecom Co.'s bid to buy the country's leading cable TV operator was officially terminated following the antitrust watchdog's earlier decision to reject the plan, the science ministry said Thursday.The Minist...

CJ O’Shopping, Baozun to bring Korean goods to Chinese online shoppers

[THE INVESTOR] CJ Group’s shopping network CJ O’Shopping will join hands with China’s Baozun to launch e-commerce solution business in China for South Korean brands, it announced on July 28. The two companies will invest a tot...

Lower grade bonds soar in H1

[THE INVESTOR] The value of unsecured corporate bonds of BBB or lower ratings issued during the first half of the year has nearly doubled from a year ago, Financial Supervisory Service data showed on July 28.According to the data,...

Five Hyundai, Kia cars named segment leaders in U.S. survey

Five vehicle models produced by South Korean automaker Hyundai Motor Co. and its smaller affiliate Kia Motors Corp. have been named best cars by U.S. consumers, the automakers said Thursday.In a survey conducted by J.D. Power and ...

Corporate bond issuance dips amid financial woes

South Korean firms sharply reduced bond issuance in the first half of 2016, yet another sign of their worsening financial health amid a drawn-out economic slump, a government tally showed Thursday.The value of ordinary corporate b...

Naver's Q2 profit soars as mobile ad revenue grows

Naver Corp., South Korea's largest internet portal, said Thursday its second-quarter net profit jumped 71.8 percent from a year earlier, thanks to a solid gain in mobile ad revenue. Naver reported a net profit of 213.2 billion won...

Smartphone sales boost Samsung's profit to 2-year high

Samsung Electronics Co. reported its biggest quarterly operating profit in more than two years Thursday, boosted by robust sales of its latest premium smartphone and cost-cutting efforts. The world's largest maker of smartphones a...

Prosecutors seek arrest warrant for ex-VW Korea chief

[THE INVESTOR] Prosecutors on July 27 filed for an arrest warrant for Park Dong-hoon, Audi Volkswagen Korea’s former chief executive officer, over the German automaker’s emission rigging scandal. Park has been charged with fabri...