SEOUL, KOREA- Shinhan Investment Corp. published on August 22 a research report arguing that the rising financial instability in India and Indonesia would have a limited impact on the domestic economy, as the south and southeast Asian economies have little trade relationship with Korea.
PENANG, MALAYSIA & APPLETON, WI, USA — ESCATEC, the EMS innovator, has joined forces with Surface Mount Technology Corporation (SMT). This strategic alliance means Escatec and SMT can provide customers in the US and Europe with local support and manufacturing close to customers' design team locations and finished goods delivery locations.
SEOUL, KOREA - Daewoo International, the trading arm of POSCO Group, is moving to increase the sales share of accounts receivable without recourse as a way to reduce its debt ratio. According to company sources on July 27, it would try to sell accounts receivable worth US$4.8 billion by the year's end. Accounts receivable without recourse are those debts that the factor (purchaser of the receivable) must bear the loss if the original account debtor does not pay the invoice amount.
Seoul, Korea - Earlier this year, Samsung Electronics promoted its existing printer business to a new business division under its consumer electronics segment and announced that it will strengthen the printer business. Whenever Samsung decided to ‘strengthen’ its businesses, it developed an innovative and distinguished product and engaged its marketing resources aggressively thereafter.
SEOUL, KOREA - Hyundai Motor is in high gear to develop environment-friendly fuel cell electric vehicles (FCEV) that uses hydrogen as fuel instead of internal combustion engines. Hyundai Motor secured the world’s best competitiveness in FCEV area thanks to its forward-looking management.
Samsung Electronics achieved a record-high performance in the third quarter of this year. Unlike market expectations that the growth of its smartphone business would slow, Samsung sustained a record-breaking pace in smartphone sales.
SEOUL, KOREA–Samsung Electronics Co. Ltd., is proud to announce thatChatON now has a global subscriber base of over 100 million users. The service was launched in October 2011, hitting the 50 million subscriber mark in May 2013 and doubling that number to 100 million only four months later.
SEOUL, KOREA - Doosan Group will lend 1 trillion won to its construction unit Doosan Engineering & Construction. In addition, Doosan E&C will take over the HRSG (heat recovery steam generator) business currently owned by Doosan Heavy Industries.
SEOUL, KOREA- Samsung Electronics plans to release Galaxy Note III around the time of the Chuseok holidays. After showing off the Galaxy Note III first in Germany on August 4, Samsung Electronics plans to put a finishing touch on the global launching of the Galaxy Note III within September 2013.
SEOUL, KOREA- Samsung Group will make investment of up to 55 trillion won by the year's end. This is 7 trillion won more than last year's and 9 trillion won more than planned for the year. SK Group, meanwhile, will create about 8,000 new jobs, up 3 percent more than originally scheduled early in the year.
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