korea Archive

Will China Burst the K-Pop Bubble?

SEOUL, Korea — Missile tests are cooling relations between China and South Korea and the impact is being felt in some unlikely places. When South Korea decided to deploy a US Terminal High-Altitude Area Defense (Thaad) anti-missile system last month, policy makers in Beijing were angered. Chinese officials viewed the Thaad deployment as another American effort to contain China, arguing that the shield, designed to …

Samsung confirms it is recalling the Galaxy Note 7 after reports of explosions

Samsung has confirmed that it is recalling the Galaxy Note 7, its newest smartphone, following reports that some devices exploded. The device was launched less than a month ago to very positive reviews, but concerns about the battery in some units — which reportedly combusted while charging — have forced the company’s hand. Yesterday, Samsung confirmed it was investigating the issue, and now it has taken quick …

LG Mobile reports $132M loss as flagship G5 gets off to a slow start

Flagship phones are often make or break in the mobile industry. Just ask LG. The Korean company’s G5, an ambitious effort at modular devices, continues to weigh on the company’s financial performance this year. LG announces its Q2 2016 report today and, in short, its mobile business is still some way from breaking even. While LG Electronics — the entire group — posted an operating profit of KRW …

Samsung reports highest profit for 2 years thanks to strong Galaxy S7 sales

Earlier this month Samsung forecast its most profitable quarter for two years, and today it delivered on that promise with its Q2 2016 results. The Korean tech giant reported a 8.14 trillion won ($7.22 billion) operating profit on revenue of 50.94 trillion won ($45.2 billion). That profit figure is up 18 percent year-on-year, while the quarter’s revenue represented a five percent annual increase. The company’s mobile division accounted for more than half of …