[THE INVESTOR] LINE Corp. has set the price for its initial public offering at the top of its marketing range to raise up to 132.8 billion yen (US$1.3 billion), the company said in a regulatory filing on July 11 in Tokyo. The immensely popular mobile messaging service, owned by Korean Internet giant Naver, will sell 35 million shares at 3,300 yen per share. Another 5.25 million shares also will be sold through a so-called greenshoe option allowing it to increase the amount of stock sold. The com

[THE INVESTOR] Although Samsung Electronics has touted its mobile payment solution Samsung Pay as a universal payment platform available both online and offline, it had a major setback as it was unavailable at the stores run by South Korea’s largest retail firm Shinsegae.Things will likely change soon as the two have reportedly reach an agreement.Samsung Electronics’ mobile payment solution Samsung Pay. Samsung Electronics“After lengthy negotiations, the two companies have been able to find midd

[THE INVESETOR] Samsung SDS, the IT solutions and logistics unit of Samsung Group, said on July 11 it has agreed with Thailand’s Acutech to set up a joint venture to expand its presence in the soaring Southeast Asian logistics market. Acutech, established in 1987, is Thailand’s largest logistics company whose key clients include electronics, automotive parts and food makers. Samsung SDS headquarters in Jamsil, southern SeoulTaking advantage of Acutech’s client base in the region, Samsung SDS pla

[THE INVESTOR] A new start-up center funded by the Seoul Metropolitan Government will help expats grow their businesses by assisting them in developing globally.The Seoul Global Startup Center in Yongsan-gu is the first government-subsidized scheme to provide seed funding mainly for foreigners through an incubation program in Korea. Seoul GSC’s five-month incubation program will provide 10 million won ($8,656) in seed funding to successful applicants.Each team will also receive a 24-hour office

 [THE INVESTOR] Seoul-based display maker LG Display will likely see its operating profit jump 26 percent to 419 billion won (US$361.6 million) in the July-September period this year thanks to a price increase of liquid-crystal display, according to an investment report.“The price of liquid-crystal displays will continue to be on an upward trend,” said Jeong Won-seok, an analyst from HI Investment & Securities, in his recent investment report, adding the operating income in the latter half would

[THE INVESTOR] LG Electronics is seeking expansion in Central and South American markets for high-end home appliances. The company said on July 8 that it opened a four-day event introducing its new lineup in Cancun, Mexico. The event, titled InnoFest, opened on July 6, the company said. LG Electronics, which has been holding InnoFest events across the globe since February, plans to introduce a diverse range of new products in the region this year. The company plans to lead with its new Twin Wash

[THE INVESTOR] Samsung Electronics phones made up 9 percent of smartphones used by 800 million China Mobile customers, China’s largest telecom carrier said in a recent report. The most favorite smartphone brand among China Mobile customers was Apple’s iPhone that made up 15 percent or some 120 million phones of the total. Together with Samsung, China’s Xiaomi and Huawei were ranked second with 9 percent market share, respectively. Samsung Galaxy S7 launch event held in ShanghaiChinese runner-ups