Tag: made in korea

  • South Korean game maker Netmarble strikes $830 million deal to acquire Canadian rival

    South Korean game maker Netmarble strikes $830 million deal to acquire Canadian rival

    Netmarble Games Corp., South Korea’s leading mobile game developer and publisher, said Tuesday that it has agreed to take over Kabam’s Vancouver studio, a deal estimated at up to some 1 trillion won ($838 million) which will help the company expand its presence in the North American market. The deal with Kabam, a world leader […]

  • Apple setting up first official store in Korea

    Apple setting up first official store in Korea

    Apple has started construction of its first official Korean store in Seoul, according to the industry sources Sunday. As the first Apple Store in Korea is likely to open next year, anticipation is high that it will lead to an improvement in Apple’s after-sales services which have long disappointed customers here. According to industry sources, […]

  • Korea to create stable environment for foreign businesses: finance minister

    Korea to create stable environment for foreign businesses: finance minister

    South Korea’s finance minister said Thursday that Asia’s fourth-largest economy has strong economic and financial fundamentals to overcome the current headwinds stemming from the domestic political turmoil and a global economic slowdown. The recent political turbulence sparked by the impeachment of President Park Geun-hye is feared to weigh on the economy, which is experiencing a […]

  • Hyundai, Kia warned of ‘hazardous conditions’ at US suppliers before worker's death

    Hyundai, Kia warned of ‘hazardous conditions’ at US suppliers before worker's death

    A worker at an Alabama plant making auto parts for Hyundai Motor and Kia Motors was crushed to death by machinery in June, several months after the automakers were warned of hazardous conditions at their suppliers. David Michaels, assistant secretary of labor for the Occupational Safety and Health Administration, said in a report on the […]

  • Starbucks opens 1,000th store in Korea

    Starbucks opens 1,000th store in Korea

    Starbucks Coffee Korea opened its 1,000th store in southern Seoul, Wednesday, setting another milestone as a leader in Korea’s booming coffee franchise industry. The Korean unit of the Seattle-based coffee chain, which opened its first outlet near Ewha Womans University in Seoul in 1997, will continue to aggressively expand its presence here in the coming […]

  • Samsung raises profile in UHD broadcasting in Europe

    Samsung raises profile in UHD broadcasting in Europe

    Samsung Electronics is raising its profile in Europe’s ultra-high-definition (UHD) broadcasting industry with its expertise in imaging and photographic technology. This comes as Digital Video Broadcasting (DVB), a consortium of a group of industry-leading TV and technology firms, recently picked the high dynamic range (HDR) 10 broadcasting technology as the next UHD standard there. HDR […]

  • Korean shares turn higher on Wall Street gains

    Korean shares turn higher on Wall Street gains

    South Korean stocks turned higher late Tuesday morning tracking gains on Wall Street ahead of this week’s rate decision in Seoul and Washington. The benchmark Korea Composite Stock Price Index gained 2.11 points, or 0.10 percent, to 2,029.35 as of 11:15 a.m. The rise followed overnight gains on Wall Street. The Dow Jones industrial average […]

  • Apple Korea to report strong earnings this year: sources

    Apple Korea to report strong earnings this year: sources

    Local unit of the US-based tech firm Apple is estimated to post 800 billion won ($680 million) in earnings this year on the back of strong sales of its iPhone lineup, industry sources said Monday. The operating profit of Apple Korea Inc. is expected to reach over 800 billion won with its sales to reach […]

  • Samsung shares hit record high

    Samsung shares hit record high

    Samsung Electronics continued its rally on the stock market, Wednesday, hitting a record high during the day’s trading, amid rosy expectations on its plan over converting into a holding firm and increasing dividends for its shareholders. The company’s stock price closed at 1,772,000 won, up 1.37 percent from 1,748,000 won a day earlier. During the […]

  • Samsung to disband lobby team: vice chairman

    Samsung to disband lobby team: vice chairman

    Samsung Electronics Vice Chairman Lee Jae-yong said he would disband the corporate strategy office, the powerful control tower of Samsung Group, in a National Assembly hearing, Tuesday. The core strategic unit is believed to be at the center of the problematic support for President Park Geun-hye’s shadowy confidant Choi Soon-sil and the controversial merger of […]