Comparison in preference of large firms and SMEs

Samsung Electronics Co. became the top player in the global TV and video streaming device market in the first quarter of the year, a report showed Thursday, as more people use internet video streaming services at home amid the pandemic. Samsung accounted for 14 percent of devices in use for TV streaming in the January-March period, according to market researcher Strategy Analytics, which tracked quarterly deployment of such streaming devices across 27 major countries. Samsung, the world's l

Korea’s largest steelmaker Posco on Wednesday opened its two-day 2020 Posco Forum to diagnose the fast-changing business environment and assess the group’s future business strategies. According to the company, the livestreamed forum was organized with a limited number of in-person participants, including the presidents of Posco and affiliate companies in the Greater Seoul region alongside experts, following the strengthened social distancing measures amid the COVID-19 pandemic. &

Chairman Chey ditches old business to focus on batteries, chips

Tech giant promises ‘unstoppable’ connectivity in pandemic

Kumho Petrochemical said Wednesday the company and its affiliates are putting more emphasis on business management based on environment and safety in response to stricter environmental regulations. According to the world’s No.1 NB latex manufacturer, it has pursued a rigorous campaign to respond to environmental regulations and will take further measures such as upgrading air pollutants reduction facilities and curbing greenhouse gas emissions. As for safety, Kumho Petrochemical&rsqu

The Ministry of Science and ICT announced Wednesday that it would inject 499 billion won ($420.6 million) of supplementary budget this year to support artificial intelligence big data-powered businesses as part of the Korean New Deal. The budget will be provided to 2,103 local businesses, developers and institutions, according to the ICT Ministry. The ministry added the investment is expected to create around 28,000 jobs. Of the total, 292.5 billion won will be spent on constructing data set

E-commerce firm WeMakePrice said Wednesday that grocery shoppers can now receive a full refund for perishable goods if the products are not up to their standards. The new initiative comes after the online retailer trialed a similar service last month for meat products and nuts, which the company says was met with a warm reception. Dissatisfied shoppers can now order meat, vegetables, fruits and seafood products that are quality assurance approved and request a full refund until the following

DRINK RESPONSIBLY -- Oriental Brewery CEO Ben Verhaert, who also goes by the Korean name Bae Ha-jun, attends an event to launch a campaign against drunk driving at a driver’s test site in southern Seoul, Wednesday.  OB has teamed up with the Road Traffic Authority for the campaign.

Woojung Education & Culture Foundation established by Booyoung Group is set to provide scholarships for international students for the second semester of this year, the group said Wednesday. The foundation decided to grant about 380 million won ($320,215) in scholarships to 96 foreign students studying in Korea. They are from 38 countries, including Vietnam, Bangladesh, Uzbekistan, and Cambodia. The scholarships will be provided without holding any ceremonies to prevent the spread of coro

LG Electronics said Wednesday the company will hold a virtual show to unveil its new smartphone project dubbed “Explore” involving a whole new form factor on Sept. 14. The company sent a 30-second invitation video to global media and industry officials, hinting at a new dual screen form whose main display rotates clockwise to make a T shape. At the end of the video, LG says, “Life gets better in unexpected ways when you discover the unexpected.” Last week, an excl

Hiring plans of 32,000 businesses

Samsung releases two foldable devices -- Galaxy Z Fold2, Z Flip 5G -- at the same time

Samsung Electronics is facing a harder time than ever before, finding itself at the center of another legal battle against prosecutors as its heir apparent Lee Jae-yong on Tuesday was indicted for his alleged role in a 2015 merger and fraudulent accounting. Legal representatives for Samsung released a lengthy statement upon the indictment questioning the legitimacy of the prosecutors’ decision that apparently ignored an independent panel’s opinion in June that they should not file

  4EN is a South Korean startup with an ambition to become Asia’s largest greenhouse gas reduction initiative. The company aims to tackle the climate change problem using sustainable businesses ideas such as mitigating greenhouse gases and reducing toxic agricultural by-products, produces solid fuel, organic fertilizers, and bioplastic from coffee grounds and agricultural by-products, such as peanut shells. Up until a few years ago, the 9-year-old company was best-known for coff