Samsung logs 4.3 trillion won profit loss in chips, predicts recovery in H2
Samsung anticipates the memory market to recover in the second half of this year.
Corporate Buzz
Samsung’s new foldable phones unveiled for first time in Seoul
Samsung Electronics unveiled its new Galaxy foldable smartphone series in Seoul in front of nearly 2,000 people. It was the first Galaxy Unpacked event to be held on Samsung‘s…
Japan govt holds hearing with Bigmotor over insurance fraud scandal
An investigative committee comprising external lawyers has confirmed that Bigmotor submitted fraudulent automobile insurance claims, including cases in which cars were…
Hyundai to ramp up EV production in Indonesia
Producing electric cars with battery packs made in Indonesia will help Hyundai to manufacture more than 40 percent of EVs locally.
Samsung likely to lose again to TSMC in chips revenue
While experts forecast Samsung will likely hasten its earnings recovery from the third quarter, the company’s estimated sales of 15 to 16 trillion won is still much lower than…
Tesla execs to meet commerce minister as China fumes at India’s BYD plant rejection
US electric car producer Tesla has proposed setting up a factory in India to build electric cars for domestic sale and export.
Tesla begins operations in Malaysia
The company said it would be introducing more models in the future to cater to the varying needs and preferences of Malaysians.
KakaoTalk reigns at home, but falters overseas
While an increasing number of local users heavily rely on the messaging app, about 2.25 million people abroad fled from the messaging app in the past decade.
Alibaba’s logistics unit launches next-day delivery service in HK
If the delivery exceeds the promised timeframe, Cainiao will automatically pay up to 60 yuan compensation per order.
Grab to buy S’pore’s third-largest taxi company Trans-Cab
Trans-Cab founder and chairman said that negotiations started only two months ago, and that the deal will have to be approved by the authorities.