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Lee Jae Yong joins Samsung Board, officially appointed as member of the Board of Directors.

Nov 01, 2016 AM EDT - Fraeraine

Lee Jae Yong Joins Samsung Board, Officially Appointed as Member of the Board of Directors

Lee Jae Yong joins Samsung board. The heir to Korea's top electronics company was officially appointed as a member of the company's Board of Directors. The appointment of Lee Jae Yong was approved by the company's shareholders as Samsung Electronics reported. The appointment happened in an extraordinary general meeting held at the company's Seocho office building in Seoul last Thursday, October 27, 2016.

Lee Jae Yong joins Samsung Board, officially appointed as member of the Board of Directors.

Oct 27, 2016 AM EDT - YuGee

Samsung Reveals 30% Drop in Profit for the 3Q

Samsung Electronics Co. announced that its third-quarter operating income dropped to 29.6 percent from the previous year. One of the contributors to this plunge is believed to be discontinuation of the production of the Galaxy Note7 over safety concerns.

An attendee walks past Korea Electric Power Corp. (Kepco) signage displayed at the 22nd World Energy Congress (WEC) in Daegu, South Korea, on Monday, Oct. 14, 2013. The WEC, a global conference on the energy market, will run until Oct. 17. Photographer: S

Oct 27, 2016 AM EDT - YuGee

KEPCO to Hold International Energy Expo in Gwangju

South Korea's lone power distributor, the Korea Electric Power Corporation (KEPCO), will hold an international energy exhibition in November in the city of Gwangju. The event will highlight modern electricity technology and discuss more extensive cooperation with other countries in the field of energy, a report from the Korea JoongAng Daily stated.

Hyundai Motor’s New Grandeur Sedan

Oct 28, 2016 AM EDT - Fraeraine

Hyundai Motor’s New Grandeur Sedan to Hit the Market Next Month

Hyundai Motors finally unveiled to the public the new image of their flagship model, Grandeur. After six years of design modification, the nation's largest automaker is very proud to present Hyundai Motor's new Grandeur Sedan which is set to hit the market next month.

A South Korean employee works to provide replacement Samsung Galaxy Note7 smartphones at a telecommunications shop in Seoul on September 19, 2016. Samsung started on September 19 to provide users of its Galaxy Note 7 smartphone the first batch of replacem

Oct 25, 2016 AM EDT - YuGee

Samsung Offers Discounts To Note 7 Owners

Samsung Electronics is offering 50 percent discounts to previous Galaxy Note7 users who replaced their units to the Galaxy S7 smartphone or Galaxy S7 Edge, and who are also planning to upgrade their devices to the upcoming S8 or Note8 in 2017.

Hyundai Heavy Industries Closed a Multi-billion Deal

Oct 25, 2016 AM EDT - Fraeraine

Hyundai Heavy Industries Closed a Multi-billion Deal from the Philippines

On Monday, October 24, 2016, Hyundai Heavy Industries closed a multi-billion deal from the Philippines. Hyundai Heavy Industries (HHI) announced on Monday that they were able to win a 370 billion won, or $322 million US dollars, contract to build two 2,600-ton frigates for the said Southeast Asian country.

U.S  Airline Regulators to Passengers: Turn of Your Galaxy Note 7 Phones (Photo Credit:  SeongJoon Cho Bloomberg via Getty Images)

Oct 21, 2016 AM EDT - Fraeraine

Samsung Refuses to Pay for Note 7 Fire Damage, Consumers Furious

Samsung, one of South Korea’s largest companies, is making consumers furious as they refuse to pay for Note 7 fire damage. Hearing that Samsung refuse to pay for Note 7 fire damage, consumers are simply devastated.

(Photo by: Mark Renders / Getty Images News) Hyundai Motors South Korean workers will go on strike unless a deal to increase their salary will be made.

Oct 19, 2016 AM EDT - YuGee

Hyundai Motor Inaugurates 4th Plant in China

On Tuesday, Hyundai Motor opened its fourth plant in China, further solidifying its status as the world's second largest automobile market, the Korea Times reported.

Gloves of an employee is placed on the stopped assembly line at the Hyundai Motor Co. plant during a strike by the company's labor union in Ulsan, South Korea, on Friday, July 13, 2012. Hyundai Motor Co. and Kia Motors Corp. workers staged their first str

Oct 17, 2016 AM EDT - YuGee

Hyundai Motor Labor Union Ends 5-Month Negotiation Over Salary Raises

On Friday evening, Hyundai Motor and its labor union ended a five-month negotiation over raises with 63 percent of an estimated 5,000 union members voting in favor of the provisionary deal, Korea JoongAng Daily reported.

A Samsung Electronics Co. Galaxy Note 7 smartphone is submerged in water to demonstrate the water-resistant capability of the device during a media event in Seoul, South Korea, on Thursday, Aug. 11, 2016. Samsung's large-screen Galaxy Note 7 smartphone ca

Oct 14, 2016 AM EDT - YuGee

Samsung Electronics Anticipates Another $3.1B Loss From Galaxy Note7's Exit

On Friday, Samsung Electronics admitted that ending the production of the Galaxy Note7 smartphone would possibly hurt the company's operating profit by additional $3.1 billion in the next two quarters.

An employee demonstrates Samsung Electronics Co.'s Samsung Pay application on a Galaxy Note 7 smartphone with stylus during a media event in Seoul, South Korea, on Thursday, Aug. 11, 2016. Samsung's large-screen Galaxy Note 7 smartphone can be unlocked wi

Oct 12, 2016 AM EDT - YuGee

Use of Mobile Payment Apps Increases in 2nd Quarter of 2016

It is now more common to see customers who pay using mobile payment apps instead of getting their wallets to pay for coffee at a cafe or pay for their bus fare. A study revealed the reasons as well as some pertinent information regarding the rise of such payment alternatives.

OREM, UT - SEPTEMBER 15: A Samsung's Galaxy Note 7 is held up in a plastic bag with other Note 7 phones on a counter that were returned to a Best Buy on September 15, 2016 in Orem, Utah. The Consumer Safety Commission announced today a safety recall on Sa

Oct 12, 2016 AM EDT - YuGee

Samsung Officially Terminates Production of Galaxy Note7

Just hours after Samsung Electronics declared that they will halt the production of Galaxy Note7, the company announced on Tuesday that it will permanently stop and end the production of the problematic device. The decision comes after receiving further smoking and battery fires cases from several countries around the world, and after the company replaced defective units.

Samsung Shares Become Volatile This Year

Oct 13, 2016 AM EDT - Karen Lydelle Linaja

Samsung Electronics Shares Become More Unstable This Year

Shares of the Samsung Electronics Company have become more unstable and volatile this year due to a series of negative issues including the recent controversy of Galaxy Note 7.

Samsung Galaxy Note 7 (Photo Credit: Getty Images)

Oct 11, 2016 AM EDT - YuGee

Samsung Halts Production of Galaxy Note 7

Samsung electronics has temporarily halted manufacturing its flagship Galaxy Note7 following new explosion reports involving the replaced gadgets. The order comes 10 days after the company decided to resume sales of the device in South Korea, hoping to regain the customers' trust in its products.

DUBLIN, IRELAND - APRIL 15: In this handout image provided by the Dept of the Taoiseach, Frank Rijsberman, CEO of CGIAR attends the Hunger, Nutrition, Climate ,Justice Conference on April 15, 2013 in Dublin, Ireland. The conference will explore the links

Oct 04, 2016 AM EDT - YuGee

GGGI to Present Value-For-Money Investment Opportunities

On Tuesday, Yonhap News Agency reported that the new head of the Global Green Growth Institute (GGGI) will present value-for-money investment opportunities as it aims to establish that environmental-friendly growth is executable with speedy economic development.

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