All posts tagged "Business"

  • Samsung workers in a South Korean chemical plant (Yonhap)
    Samsung sells chemical assets to Lotte for $2.63 billion, focus on batteries

    SEOUL (Yonhap) — Samsung Group said Friday it has agreed to sell its chemical assets to Lotte Group for about 3 trillion won (US$2.63 billion), in its latest move to streamline its non-core assets to focus on...

    • Posted October 30, 2015
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  • G profit sinks as smartphone business suffers loss
    Samsung almost doubles Apple’s global smartphone sales for Q3

    By Brian Han The back and forth between leaders of global smartphone sales is now swaying heavily in Samsung’s favor in the third quarter of the fiscal year. Part of that is due to the fact that...

    • Posted October 29, 2015
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  • lg
    LG profit sinks as smartphone business suffers loss

    SEOUL, South Korea (AP) — LG Electronics said Thursday its mobile communications division suffered its first operating loss in more than a year, dragging down the company’s overall earnings for the third quarter. The mobile business lost...

    • Posted October 29, 2015
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  • Shin Dong-joo of Lotte (Yonhap)
    Lotte suffers almost $1 billion loss in China: chairman’s brother

    SEOUL (Yonhap) — Lotte Shopping, a key retail unit of Lotte Group, has racked up a huge loss from its Chinese operations over the past four years, the elder brother of the group chairman claimed Wednesday, demanding...

    • Posted October 28, 2015
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  • (Korea Times file)
    Forever 21 is No. 4 largest privately owned company in LA County

    Forever 21, a Los Angeles-based global clothing retailer, was ranked the fourth-largest privately owned business in the county by L.A. Business Journal Monday. According to the journal, the company made $4 billion in revenue last year, behind...

    • Posted October 27, 2015
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  • A customer browses the instant ramen section inside a Los Angeles Korean supermarket. (Park Ji-hye/Korea Times)
    Premium ramen floods LA Korean markets

    By Park Ji-hye Premium instant ramen is the latest craze in Los Angeles’ Korean grocery stores. Beginning with Shin Ramen Black, an “upgraded” version of the iconic red-packaged noodles, a series of higher-priced, better-quality products are shedding...

    • Posted October 23, 2015
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  • The fully-revamped Genesis sedan, on the front, is on the Nurburgring test circuit called "Green Hell" in Rheinland-Pfalz, midwest of Germany.
/ Courtesy of Hyundai Motor
    Hyundai reports lowest earnings in 5 years

    SEOUL, South Korea (AP) — Hyundai Motor Co. reported Thursday its lowest quarterly earnings in more than five years after losing ground to local brands in China and underestimating strong demand for SUVs. South Korea’s largest automaker...

    • Posted October 22, 2015
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