20 C
Seoul
Monday, July 13, 2020
Korean tech giant bents on finding future growth engines South Korea’s Samsung Electronics said Wednesday that it plans to hire a total of 1,000 Ph.D.-level experts in artificial intelligence (AI), non-memory semiconductor, and software. The Seoul-based company, which has already employed...
Uniqlo, Nissan expected to suffer further in South Korea Japan’s opposition to South Korea’s access to the Group of Seven is expected to strengthen the latter’s boycott of the former’s brands, which started a year ago. Japanese media outlets, including Kyodo...
Lezhin's 'D.P Dog's Day' will be created as new original series Global media giant Netflix plans to adapt Lezhin Entertainment’s highly popular webcomics, “D.P Dog’s Day,” in order to produce a new original series. Lezhin Entertainment said on June 30...
Korea's top defense company sees sales jump five-fold So many companies are struggling to find their feet due to the novel coronavirus this year. But not all players are languishing as amply demonstrated by such firms as South Korea’s Hanwha...
Businesswomen from massive business conglomerates The Korea News Plus will start a series of highlighting businesswomen related to South Korea’s chaebol, which refer to massive business conglomerates like Samsung, Hyundai, SK, and LG. The sprawling groups have dominated the Korean economy...
Seoul government rebuffs former security adviser's book Former national security adviser John Bolton’s new book on his time in the White House is making great ripple effects not only in Washington but also in Seoul. And the responses seem to...
Korean start-up will launch open test of new technology A South Korean startup plans to enable people to check out the so-called “next-generation blockchain” based on unprecedented technologies in a public test early next month. Bloom Technology, which has developed Locus...
Able C&C brand winds 25 prizes at biannual event Korean cosmetics maker Able C&C, which operates the popular Missha brand, said on June 23 that the company had won 25 prizes in Glowpick’s 2020 Consumer Beauty Awards. A total of seven...
Seoul-based life insurer tries to internalize vision of whole-hearted collaboration ABL Life CEO ZheQiang Xie visited the life insurer’s district office in Daegu, once South Korea’s epicenter of the COVID-19 fight, on June 22 to encourage employees there. Inviting one of...
No. of Paris Baguette stores in U.S. rose merely 5 over the past 12 months On June 30 last year, U.S. President Donald Trump met with South Korean business leaders in Seoul so as to encourage their proactive investments in...

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Samsung expects 23% jump in profit despite COVID-19

Tech giants achieves earnings surprise South Korea’s Samsung Electronics projected Tuesday that its second-quarter profit would rocket 22.7 percent from a year ago despite the...

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