Nov 01, 2016 AM EDT - Fraeraine
Lee Jae Yong joins Samsung board. The heir to Korea's top electronics company was officially appointed as a member of the company's Board of Directors. The appointment of Lee Jae Yong was approved by the company's shareholders as Samsung Electronics reported. The appointment happened in an extraordinary general meeting held at the company's Seocho office building in Seoul last Thursday, October 27, 2016.
Oct 27, 2016 AM EDT - YuGee
Samsung Electronics Co. announced that its third-quarter operating income dropped to 29.6 percent from the previous year. One of the contributors to this plunge is believed to be discontinuation of the production of the Galaxy Note7 over safety concerns.
Oct 27, 2016 AM EDT - YuGee
South Korea's lone power distributor, the Korea Electric Power Corporation (KEPCO), will hold an international energy exhibition in November in the city of Gwangju. The event will highlight modern electricity technology and discuss more extensive cooperation with other countries in the field of energy, a report from the Korea JoongAng Daily stated.
Oct 28, 2016 AM EDT - Fraeraine
Hyundai Motors finally unveiled to the public the new image of their flagship model, Grandeur. After six years of design modification, the nation's largest automaker is very proud to present Hyundai Motor's new Grandeur Sedan which is set to hit the market next month.
Oct 25, 2016 AM EDT - YuGee
Samsung Electronics is offering 50 percent discounts to previous Galaxy Note7 users who replaced their units to the Galaxy S7 smartphone or Galaxy S7 Edge, and who are also planning to upgrade their devices to the upcoming S8 or Note8 in 2017.
Oct 25, 2016 AM EDT - Fraeraine
On Monday, October 24, 2016, Hyundai Heavy Industries closed a multi-billion deal from the Philippines. Hyundai Heavy Industries (HHI) announced on Monday that they were able to win a 370 billion won, or $322 million US dollars, contract to build two 2,600-ton frigates for the said Southeast Asian country.
Oct 21, 2016 AM EDT - Fraeraine
Samsung, one of South Korea’s largest companies, is making consumers furious as they refuse to pay for Note 7 fire damage. Hearing that Samsung refuse to pay for Note 7 fire damage, consumers are simply devastated.
Oct 19, 2016 AM EDT - YuGee
On Tuesday, Hyundai Motor opened its fourth plant in China, further solidifying its status as the world's second largest automobile market, the Korea Times reported.
Oct 17, 2016 AM EDT - YuGee
On Friday evening, Hyundai Motor and its labor union ended a five-month negotiation over raises with 63 percent of an estimated 5,000 union members voting in favor of the provisionary deal, Korea JoongAng Daily reported.
Oct 14, 2016 AM EDT - YuGee
On Friday, Samsung Electronics admitted that ending the production of the Galaxy Note7 smartphone would possibly hurt the company's operating profit by additional $3.1 billion in the next two quarters.
Oct 12, 2016 AM EDT - YuGee
It is now more common to see customers who pay using mobile payment apps instead of getting their wallets to pay for coffee at a cafe or pay for their bus fare. A study revealed the reasons as well as some pertinent information regarding the rise of such payment alternatives.
Oct 12, 2016 AM EDT - YuGee
Just hours after Samsung Electronics declared that they will halt the production of Galaxy Note7, the company announced on Tuesday that it will permanently stop and end the production of the problematic device. The decision comes after receiving further smoking and battery fires cases from several countries around the world, and after the company replaced defective units.
Oct 13, 2016 AM EDT - Karen Lydelle Linaja
Shares of the Samsung Electronics Company have become more unstable and volatile this year due to a series of negative issues including the recent controversy of Galaxy Note 7.
Oct 11, 2016 AM EDT - YuGee
Samsung electronics has temporarily halted manufacturing its flagship Galaxy Note7 following new explosion reports involving the replaced gadgets. The order comes 10 days after the company decided to resume sales of the device in South Korea, hoping to regain the customers' trust in its products.
Oct 04, 2016 AM EDT - YuGee
On Tuesday, Yonhap News Agency reported that the new head of the Global Green Growth Institute (GGGI) will present value-for-money investment opportunities as it aims to establish that environmental-friendly growth is executable with speedy economic development.
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