SEOUL, KOREA- LG International Corp. and GS Energy, the two companies that lost out on the Woongjin Chemical bidding, will join hands this time to acquire STX Energy. According to investment banking sources on September 27, Orix Corp., the largest stakeholder of STX Energy, closed the main bidding held jointly with Credit Suisse in which the GS-LG consortium, POSCO, and Samtan have participated.
What makes a company different? In contemporary society, where a vast array of markets is saturated, it usually takes something quite dramatic for a company to stand out amongst its competitors. The lighting industry is one of the aforementioned fields.
Seoul, Korea - The fire broke out at Heesung Electronics’ Nanjing Plant in China has caused a panic in the procurement of backlight unit (BLU) in LG Display. Apple is also impacted by the fire, because Heesung had been producing BLUs for iPads.
Seoul, Korea - According to the power generation industry on the 23rd, foreign suppliers are aggressively participating in the procurement of main components for the first cases of Korean coal-powered merchant thermal power plants, Bukpyung Thermal by STX Electric Power and Dangjin Green Generation by Dongbu Generation.
SEOUL, KOREA- Pilkor Electronics, a Kosdaq-listed company with an annual sales revenue of 130 billion won, is suffering from a labor strife surrounding the company's plan to relocate some of the production lines to China.
SEOUL, KOREA - A bidding war surrounding ADT CAPS, a provider of residential and small business electronic security, fire protection, and other related alarm monitoring services, is getting fiercer. The sales price is estimated at 2 trillion won.
BEIJING, CHINA - Today, Microsoft Ventures held the preliminary recruiting round for the fifth Microsoft Ventures Accelerator (MVA) session in Beijing. Rahul Sood, Global General Manager and Partner of Microsoft Ventures, a former global entrepreneur himself, attended the session. He shared and exchanged insights with dynamic Chinese business innovators on important trends driving global innovation and entrepreneurship.
"POSCO will try to help India become a global hub of the automobile and automotive parts industry." POSCO chairman Kwon Oh-joon said this on January 22 in a completion ceremony for POSCO's cold-rolled steel plant within the Vile Bhagad industrial zone in
Samsung Electronics Co. Ltd., a leading mobile phone provider, today announced it had sold 10 million of its Android-powered Galaxy S Smartphones. The milestone was reached less than seven months after the device was launched, in June 2010.
JK Shin, President and Head of Mobile Communications Business at Samsung Electronics, said "The Galaxy S is the result of our 22 year heritage in the mobile industry.
SEOUL, KOREA- Samsung Electronics and LG Electronics both sharply reduced their domestic prices of Ultra HD TVs, indicating that the price-cutting competition surrounding next-generation high definition TVs is accelerating among major manufacturers
SEOUL, KOREA - Despite the overall sluggish mobile game market, Joymax managed relatively well in the third quarter. The company announced on November 13 that it posted sales of 13 billion won for the third quarter of this year, up 96 percent from a year ago.
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