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KOREAN SALES DROP
India back at no.6 in m-cap league after Korea stock routIndia has reclaimed its position as the sixth largest economy by market capitalization. This shift occurred as South Korea's market cap saw...
Global Market Today: Asian stocks slip as AI rally stalls, oil steadiesAsian stocks declined as AI shares pulled back and Middle East tensions weighed on investor sentiment. South Korean shares saw a significan...
AI rally: SK Hynix, Micron Technology join trillion-dollar club; Taiwan bourse overtakes India in market valueThe AI boom is fueling a surge in chipmakers like SK Hynix, Samsung, and Micron, pushing them into the $1 trillion market-cap club. This gl...
Starbucks sees sharp drop in Korean sales after 'Tank Day' marketing backlashStarbucks Korea sales have dropped significantly. This follows a marketing campaign that caused public anger. The campaign was linked to th...
18 days. That's all it takes for a Samsung strike to crash the global AI chip market, and the whole world is holding its breathSamsung strike to crash the global AI chip market: The Samsung strike threatens global AI chip supply chains as 45,000 workers plan an 18-d...
At Samsung, the global AI boom spurred a looming strike and deep divisionsA major strike looms at Samsung Electronics over AI boom profits. Over 45,000 workers demand fair bonus distribution. The dispute could dis...
EVs ring in new fiscal on strong noteIndia's electric vehicle market began the new fiscal year with robust sales in April. Electric cars and two-wheelers saw significant year-o...
US targets Chinese chipmaking with proposed export restrictions on ASML and othersThe draft MATCH Act announced late on Thursday is aimed at protecting the US lead in artificial intelligence by preventing Chinese companie...
Global automobile market on revival path, Korean automobile companies' market share increase to 8%Compared to the first half of 2019 before COVID-19, India (1.5 per cent) and Russia (6.0 per cent) showed positive growth rate. The U.S. (1...
Japanese electronics companies continue to lose ground in India to South Korean & Chinese rivalsSony India’s sales dropped for the fifth year in a row in FY20, while that of Panasonic fell for the third straight year, as per regulatory...
Why Sony and Panasonic are struggling to sell in IndiaIndustry watchers attribute it to their weakening brand pull among younger customers and premium pricing vis a vis Chinese rivals such as X...
US missile system claims another victim: Hyundai MotorThe company said its January-March net profit was 1.3 trillion won (USD 1.2 billion), down 21 per cent from 1.7 trillion won a year earlier.
Samsung outpaces Apple to emerge as leader in India’s premium smartphone segmentThe two companies were neck-and-neck in the preceding October-December quarter with market research agencies differing on who was ahead.
Even as distributors disagree, Samsung says no pressure from iPhonesSamsung has said that it does not expect a pressure on the sales of its premium products such as the Galaxy S6-Plus Edge phone and Note dev...
South Korea imports 1,500 tonne of Darjeeling teaSouth Korea, for the first time, has imported 1,500 tonne Darjeeling tea with a promise to buy more in the coming days.
- Hyundai reports Rs 12,600 crore revenue from India in H1, 2012
Korean auto major Hyundai Motor Co today reported 3 per cent increase in revenue from Indian operations at 2,612 billion Korean Won.
- LG Electronics says 3Q profit plunges
LG Electronics said on Monday that third-quarter net profit plunged more than 90 per cent as weakness in the South Korean won made it more ...
- Hyundai Motor Q3 profit falls 47%
Hyundai Motor Co on Monday blamed a strong won and production losses from a strike for a 47 per cent drop in net profit in the third quarte...
- Credit Suisse lost $120m in Korean derivatives trade
Credit Suisse Group, Switzerland’s second-biggest bank, lost about $120m on South Korean derivatives in the third quarter, an undisclosed s...
- TV makers kick off price war to boost LCD volumes
Waiting to buy that slick LCD or plasma screen to adorn your living rooms but have restrained yourself so far because of the steep prices?