LG G Flex smartphone (LG Electronics)
According to The Wall Street Journal, LG Electronics Inc. has unveiled its new 6-inch curved-screen smartphone, two weeks after rival Samsung Electronics Co. launched a similar phone.
LG says its G Flex smartphone, which has a screen that is curved from top to bottom, will fit more snugly against users’ faces when they talk, while Samsung Electronics has promised a better handgrip with its Galaxy Round that is curved along the sides of the phone.
LG also says the curvature on the G Flex, if held horizontally, offers a viewing experience akin to an IMAX theater, although one could argue that that effect would make more sense on a much bigger screen like a 55- or 60-inch curved-screen television set.
It is unlikely that potential buyers will be taken in by the marketing spiel for these phones or their hefty price tags. Apart from the fact that they have curved screens, both the Galaxy Round and the G Flex have specifications similar to those of a typicalhigh-end smartphone such as a 2.3 Gigahertz microprocessor and a 13-megapixel camera. The Galaxy Round has a price tag of over $1,000 while LG didn’t disclose the pricing details of the G Flex.
Posted by camelliacamellia on October 29, 2013
Asian Stock Market (Asian News)
According to The Wall Street Journal, Asian stocks moved lower Friday, though Australia managed to rise, in a session heavy in corporate earnings.
South Korea’s Kospi slid 1.1%, with the index’s largest single constituent, Samsung Electronics 005930.SE 0.00% down 1% after it reported third-quarter net profit had risen 25.6% to another record. Before the results, the stock enjoyed a strong run-up, and remains 5% higher so far in October.
Also in Seoul, LG Electronics 066570.SE -3.42% dropped 3.7% after it reported a 34% decline in net profit over the same period.
In Hong Kong, shares of Chinese auto maker Great Wall Motor GWLLY -4.22% shed 5.8% after reporting weaker profit margins in the third quarter.
In Japan, Canon 7751.TO -1.60% fell 1.1% after it lowered its full-year net profit forecast to ¥240 billion ($2.46 billion) from a previous estimate of ¥260 billion set in July. Mitsubishi Motors 7211.TO +1.17% Corporation added 1.8% after the car company increased its profit outlook.
More broadly, the absence of fresh catalysts left regional markets to drift lower.
In Japan, the Nikkei remained under pressure from a yen that has firmed up in recent sessions. The Japanese currency maintained its strength, last at ¥97.21 to the dollar, helping to pull the Nikkei down 1.7%.
Posted by camelliacamellia on October 25, 2013
According to Bloomberg, Samsung Electronics Co. (005930) apologized to Chinese consumers after the national broadcaster criticized the company for making handsets that allegedly malfunction because of faulty memory chips.
Samsung, the world’s largest maker of mobile phones, pledged to provide free maintenance, according to Chinese rules, for the seven models included in China Central Television’s report, according to a statement posted on Samsung’s China website and dated yesterday. The warranty for handsets produced before Nov. 30, 2012, will be extended one year, it said.
CCTV’s “Economic Half-Hour” program reported this week that Samsung’s Galaxy S and Note series handsets crash as many as 30 times a day and the chips need to be upgraded. The Suwon, South Korea-based company joins Apple Inc., Danone, Volkswagen AG and Starbucks Corp. in being accused by China’s state media of mistreating consumers in the world’s second-biggest economy.
“The Chinese government is trying to bring consumer sights back to domestic companies because they know it’s necessary to foster local companies to ensure stable economic growth,” said Lee Jin Woo, a fund manager at Seoul-based KTB Asset Management Co. in Seoul. “Samsung has read their mind well enough to keep a low profile to appear consumer-friendly.”
Posted by camelliacamellia on October 24, 2013
Asian partners: The future of Australia’s business relationship with Korea
When Chung-Sok Suh arrived in Australia from South Korea in 1979 there were about 3000 Koreans living in Australia. He calls them the “first wave”. Today, the number of Korean Australians has increased to 150,000 or so, most of them based in Sydney. Importantly, many are second-generation Korean Australians, often bilingual, and a key resource in the developing relationship between the two countries.
With Korea now Australia’s fourth-largest trading partner, this new generation has an important role to play as a bridge between the two countries. It is also a trading relationship where Australia enjoys a significant surplus.
Korean brands such as Hyundai, Kia, Samsung and LG are part of everyday Australian life and investors such as POSCO are a strong presence in the Australian resources industry. Around 50 Korean companies are active in doing business with Australia, while 100 Australian companies have activities in Korea.
Posted by admin on June 18, 2013
According to Huffington Post’s Chris Brummitt, Jakarta, Indonesia — Months behind schedule, the construction crew racing to finish a highway encircling Indonesia‘s traffic-choked capital is being blocked by a determined group of locals and the ramshackle cemetery that is home to their ancestors.
Talks on a new location have yet to reach an agreement accepted by all the relatives of the some 500 people buried there. That has not stopped authorities digging a new cemetery a short distance from the old one – pointlessly according to Yaman, the neighborhood chief.
“There is no way we can agree to that,” said Yaman, pointing to workers hacking through the thick red earth during a midafternoon rain shower. “It will be too noisy. How are we supposed to pray for our ancestors there?”
Indonesia‘s economy is booming. But to sustain and deepen its growth, it badly needs new roads, bridges, power stations and ports. Land disputes such as this one in west Jakarta, and a host of other difficulties from corruption to budget-draining populism, make building such infrastructure a long and costly process. That is preventing the country from attaining the kind of transformational development experienced in a generation by countries such as South Korea and more recently China.
Last week, floods engulfed around 30 percent of Jakarta, including its central business district, dramatically exposing decades of underinvestment in the drainage and flood defenses of the city of 14 million people.
To be sure, beleaguered economies in the West would envy Indonesia‘s current growth rate of more than 6 percent. Coupled with political and social stability, it represents a dramatic change from the Indonesia of 12 years ago, when political crisis, separatist violence and economic meltdown led to fears the massive island nation could break apart.
Posted by cbasdeo09 on January 23, 2013
According to Bloomberg’s News Anuchit Nguyen and Victoria Stilwell, Emerging-market stocks dropped, led by industrial companies, as the International Monetary Fund cut its global growth forecasts and a leading index for China’s economy rose at a slower pace in December.
LG Household & Health Care Ltd. (051900), a South Korean maker of cleaning and personal care products, tumbled the most since 2008 after its profit forecast missed estimates. Hindustan Unilever Ltd. (HUVR) plunged in Mumbai after Credit Suisse Group AG, CLSA Asia- Pacific Markets and Nomura Holdings Inc. cut their recommendations. China Merchants Holdings International Co. (144) sank the most in 11 weeks in Hong Kong. Brazilian paper maker Klabin SA (KLBN4) surged toward a record high.
The MSCI Emerging Markets Index of developing-nation stocks retreated 0.2 percent to 1,076.51 by 1:08 p.m. in New York, while its 100-day volatility dropped to the lowest level since October 2005. The world’s economy will expand 3.5 percent this year, less than the 3.6 percent forecast in October, the IMF said today as it also reduced outlooks for Brazil and India. A gauge for China’s economy gained 0.4 percent in December, compared with a 1.1 percent increase in the previous month.
Posted by cbasdeo09 on January 23, 2013
North Korean leader Kim Jong Un
(Reuters) – North Korea needs to make it far easier to invest in its destitute economy if it is to have much hope of tempting in Chinese money, South Korea’s central bank said on Thursday.
The isolated North’s new leadership has been signaling in recent weeks plans to repair an economy brought to its knees by decades of mismanagement and international sanctions, but will rely heavily on neighboring ally China to do so.
A study released by the Bank of Korea, one of the few sources of information on the North’s economy, said that if successful, manufacturing investment from China could help transform a country whose national output in real terms is estimated by the United Nations to be smaller than it was some 20 years ago.
But the report warned that the North still had a long way to go to emulate the legal reforms undertaken by China in modernizing its centrally planned economy, something that Chinese premier Wen Jiabao raised with the North’s effective second-in-command on a recent visit to Beijing.
Posted by byu2012 on August 30, 2012
Apple and Samsung both face sales bans in South Korea following a ruling from a panel of judges in Seoul that the electronics companies have infringed on each other’s patents.
The ruling, according to the Associated Press, doesn’t affect the latest smartphone from either company introduced after the case was filed — the iPhone 4S and Galaxy S III, respectively — but does require that older phones and tablets be pulled from shelves in South Korea. According to PCWorld, the iPhone 3GS, iPhone 4 and the first and second generations of iPad tablets can no longer be sold, along with the Samsung Galaxy S, SII, Galaxy Tab or Galaxy Tab 10.1.
The decision comes as both companies await a ruling in their U.S. patent dispute, now in the hands of a jury in San Jose, Calif. Apple and Samsung have also sued each other in European courts and in Australia in a worldwide battle over patent infringement.
The judges found that Samsung had infringed on an Apple patent that covers how the touchscreen behaves while scrolling, but also that Apple had infringed on Samsung wireless technology patents, the report said. The decision only affects South Korea but is notable because it affirmed Samsung’s claims regarding its mobile technology patents — in other courts, judges had found the patents were for industry-standard technology that had to be licensed to competitors.
Posted by gngn0 on August 27, 2012
SEOUL, Aug. 17 (Yonhap) — A series of diplomatic flare-ups between South Korea and China and Japan could deal a setback to the country’s economy that is heavily dependent on trade with its two neighbors, analysts said Friday.
South Korea’s relations with Beijing and Tokyo have boomed in recent years, but they have often been strained by historical and territorial disputes in the region.
The latest diplomatic feud with Japan came after President Lee Myung-bak paid an unprecedented trip to South Korea’s easternmost islets of Dokdo last week.
Japan, which has repeatedly claimed its sovereignty to the resource-rich rocky outcroppings, has recalled its ambassador to South Korea and informed Seoul that it will take the matter to the International Court of Justice.
Posted by byu2012 on August 19, 2012
WSJ-DANIEL INMAN Reported that: Asian markets fell Wednesday on concerns over Europe’s debt crisis and as disappointing Apple AAPL +1.71% earnings in the U.S. pushed down technology manufacturers in Asia.
Sentiment was damaged by news of uninspiring corporate earnings in the U.S. overnight. At the forefront was Apple, which delivered disappointing numbers after the session in New York finished.
Below-expectation earnings from one of the world’s most famous consumer-electronics companies had knock-on effects on electronics companies in Asia, which was felt hardest in technology-heavy markets such as South Korea and Japan.
The Nikkei ended the day 1.4% down at 8365.90, putting the market back into negative territory for the year, as Japan was hindered by a stronger currency and a broad selloff in technology companies following the Apple results. The Japanese benchmark sank to a seven-week low, with bellwether electronics companies Sony SNE +4.24% andPanasonic 6752.TO +5.66% slumping 5.2% and 5.5% respectively.
Posted by Innovator on July 27, 2012