The Korea Herald

Samsung considers ditching flat screen for Galaxy S8

[THE INVESTOR] Samsung Electronics is considering ditching a flat-screen version for its next flagship Galaxy 8 that is expected to come out next year with a curved display only, industry sources said on Sept. 8. The move comes after the Galaxy S7 Edge outpaced its flat-screen sibling in terms of sales. Now the Korean tech giant is promoting the curvy screen as its premium smartphone lineup’s key identity. Sources said the company has already started securing display panels in two sizes -- 5.1 i

Sept. 8, 2016

Samsung considers ditching flat screen for Galaxy S8

LG Innotek key beneficiary of iPhone 7: analyst

[THE INVESTOR] LG Innotek, the parts-making unit of LG Group, and smartphone case maker Spigen Korea are expected to benefit from Apple’s new iPhone 7 that was unveiled on Sept. 7 in San Francisco. “New iPhones have always suffered supply constraints for newly adopted parts in the early days of launch but for the latest iPhone 7 the overall parts supply is more stable than previous years,” said Lee Seung-hyuk, analyst at Korea Investment and Securities. Especially LG Innotek, the sole supplier o

Sept. 8, 2016

LG Innotek key beneficiary of iPhone 7: analyst

LG Electronics considers capital increase to help China, Egypt operations: report

[THE INVESTOR] LG Electronics is considering a capital increase to help out its financially-struggling overseas branches, including those in China and Egypt, Money Today, a local news daily, reported on Sept. 8. According to the report, the company’s sales operations in China and Egypt have paid-in capital already impaired by losses or are unable to cover interest costs with what they earn. LG Electronics China, established in 1995, posted a net loss of 34.7 billion won last year due to sluggish

Sept. 8, 2016

LG Electronics considers capital increase to help China, Egypt operations: report

Shareholding by investor group on Sept. 8

KOSPIIndividuals +10 million won Foreigners +20 million wonInstitutions -28 million won 　 KOSDAQIndividuals +7 million wonForeigners -1 million wonInstitutions -5 million won 　*As of 9:01 a.m.By HeRo (hero@heraldcorp.com)　This article is produced by the algorithm developed by the artificial intelligence developer ThinkPool in collaboration with Herald Corp. 　

Sept. 8, 2016

5 top KOSDAQ stocks to watch on Sept. 8

Com2uS (078340) 112,700 won ▲1,900 (3.43%)Loen Entertainment (016170) 72,000 won ▲800 (2.25%)EO Technics (039030) 85,100 won ▲600 (1.42%)Paradise (034230) 16,400 won ▲100 (1.23%)Caregen (214370) 110,800 won ▲500 (0.91%)*Based on foreigners’ net buyingBy HeRo (hero@heraldcorp.com)This article is produced by the algorithm developed by the artificial intelligence developer ThinkPool in collaboration with Herald Corp.　　

Sept. 8, 2016

5 top KOSPI stocks to watch on Sept. 8

LG Electronics (066570) 53,500 won ▲600 (2.27%)SK hynix (000660) 38,150 won ▲250 (1.32%)LG Chem (051910) 251,000 won ▲1,500 (1.2%)Kia Motors (000270) 42,950 won ▲250 (1.17%)Lotte Chemical (011170) 274,000 won ▲1,500 (1.1%)*Based on foreigners’ net buyingBy HeRo (hero@heraldcorp.com)This article is produced by the algorithm developed by the artificial intelligence developer ThinkPool in collaboration with Herald Corp.

Sept. 8, 2016

China’s Lancy Group, KEB Hana Bank to set up JV: report

[THE INVESTOR] Lancy Group, the Chinese apparel company, plans to set up a joint venture with Korea’s KEB Hana Bank to enter the project financing market both in China and Korea, local news service Edaily reported on Sept. 7. According to the report, Hana Bank will acquire a 25 percent stake in Lancy’s 100 million yuan (US$15 million) affiliate that is expected to be renamed as a JV between the two firms. Screen capture of Lancy Group’s English websiteThe bank will also has the right to appoint

Sept. 7, 2016

China’s Lancy Group, KEB Hana Bank to set up JV: report

LG mobile chief shrugs off impact of Samsung Galaxy Note 7 recall

[THE INVESTOR] LG Electronics mobile chief Cho Juno shrugged off the impact of its cross-town rival Samsung Electronics' Galaxy Note 7 recall on the sales of the company’s new big-screen phone V20. “I’m not sure whether the Galaxy Note 7 recall is a boon for us or not. What’s important is how our product is recognized by consumers,” he said at the phone’s launch event held in Seoul on Sept. 7. LG Electronics mobile chief Cho Juno speaks at the V20 launch event held in Seoul on Sept. 7. Lee San

Sept. 7, 2016

LG mobile chief shrugs off impact of Samsung Galaxy Note 7 recall

[EQUITIES] LG Electronics’ Q3 earnings to miss estimates: analyst

[THE INVESTOR] Shinhan Finance Investment on Sept. 7 said that LG Electronics’ third-quarters earnings would miss estimates as the company continues to lose money on sluggish smartphone sales. The securities firm predicted the company’s operating profit during the July-September period to plunge 45 percent to 321 billion won (US$290 million) from the previous quarter. The average market estimate was 382 billion won. For the fourth quarter, the company’s operating profit was estimated to be sligh

Sept. 7, 2016

After massive recall, Samsung seeks turnaround with ‘Onyx Black’ Galaxy Note 7

[THE INVESTOR] Samsung Electronics is expected to seek a turnaround with its secret weapon “Onyx Black” Galaxy Note 7 in winning back customers on its home turf after a massive recall of the big-screen smartphone globally. According to industry sources on Sept. 7, the Korean tech giant will launch the black-colored Note phone as planned in October in Korea. For the phone’s Aug. 19 launch, the company excluded the black shade from the first launch models in Korea possibly to respond to Apple’s iP

Sept. 7, 2016

After massive recall, Samsung seeks turnaround with ‘Onyx Black’ Galaxy Note 7

LG Chem shares down 6% on merger plan

[THE INVESTOR] Shares of LG Chem declined 5.8 percent on Sept. 6 after news reports about its planned merger with its drug-making sister firm LG Life Science. The price closed at 251,500 won (US$227), down 5.81 percent from the previous trading day, with almost 1 trillion won in the company’s market value evaporating. While LG Chem shares closed weaker on concerns among investors about merger costs, shares of LG Life Science saw its share price soar 5.1 percent. The two firms confirmed related t

Sept. 6, 2016

BlackBerry returns to Korea after 3-year hiatus: report

[THE INVESTOR] BlackBerry plans to launch its first Android OS smartphone Priv in Korea this month after its three-year hiatus in the market, ZDNet reported on Sept. 6. Damian Tay, the company’s senior director of Asia-Pacific product management, is expected to attend the launch event planned in Seoul on Sept. 20, the online media said. “We are not setting up a Korean branch but this is the first launch since our withdrawal,” a BlackBerry official was quoted as saying. BlackBerry, then Research

Sept. 6, 2016

BlackBerry returns to Korea after 3-year hiatus: report

Amazon Web Service to build cloud innovation center in Busan

[THE INVESTOR] Amazon Web Service, the cloud computing division of Amazon.com, plans to build a new cloud innovation center in South Korea’s southern port city of Busan in November. The Amazon-Busan Cloud Innovation Center is the company’s first facility to be set up outside its home turf. The facility, located within a college campus, will offer residential area, cloud infrastructure and cloud technology to startups based in Busan. The groundbreaking ceremony will be held on Sept. 7.By Lee Ji-y

Sept. 6, 2016

[EQUITIES] Hanwha Securities cuts Samsung’s Q3 earnings estimate

[THE INVESTOR] Hanwha Investment and Securities on Sept. 6 cut its estimate of Samsung Electronics’ third-quarter operating profit to 7.7 trillion won (US$7 billion) from the previous 8.5 trillion won. The mobile business division is expected to see a 900 billion won reduction in operating profit following the Galaxy Note 7 recall worth 700 billion won and the sales suspension for the two weeks,” said Lee Soon-hak, an analyst at the securities firm. “But the company’s chip business division will

Sept. 6, 2016

LG Chem considers merger with LG Life Science

[THE INVESTOR] LG Chem, the chemical unit of LG Group, is seeking a merger with its drug-making sister firm LG Life Science for business synergies. According to news reports on Sept. 6, the two firms will put the merger plan up for vote during their separate shareholders meetings scheduled to be held on Sept. 9. An LG Group official confirmed related talks were underway but said no details, including the timing, were decided. On the day, the Korean Exchange asked the two listed firms to make an

Sept. 6, 2016

LG Chem considers merger with LG Life Science

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