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Biz & Tech

Fri, May 14, 2021 | 13:01

Verizon sells internet trailblazers Yahoo and AOL for $5 billion

AOL and Yahoo are being sold again, this time to a private equity firm.

2021-05-04 14:43

[Reporter's Notebook] Netflix's freeloading should end

Netflix's earnings in Korea spiked last year, as people flocked to online-based home entertainment amid the COVID-19 pandemic.

2021-05-03 16:47

Local OTT services target middle-aged viewers to compete with Netflix

Domestic over-the-top (OTT) services are targeting viewers in their 40s and 50s with appealing content in order to catch up with Netflix, the No. 1 player here.

2021-05-03 09:11

Parts business to boost LG's new holding firm

After confirming the official launch of LX Group, a spin-off holding company from the LG Group, investors' attention is on how Chairman Koo Bon-joon will formulate his thoughts into detailed corporate growth focusing on its semiconductor affiliate, Silicon Works.

2021-05-02 15:58

Jae-yong bolsters grip on Samsung Electronics after inheritance

Lee Jae-yong, the apparent heir of Samsung Group, bolstered his control of Samsung Electronics with stocks inherited from his late father, an indication that the ownership structure of South Korea's top conglomerate remains steadfast, affiliate filings showed on Friday. Jae-yong, the vice chairman of Samsung Electronics, jacked up his stake in Samsung Life Insurance to 10.44 ...

2021-04-30 17:58

Samsung heirs take out massive loans to pay inheritance tax

LG Electronics, Mirae Asset forge partnership to invest in startups

LG Electronics and Mirae Asset Group said Friday they have agreed to create a fund to invest in promising startups both at home and abroad as part of their efforts to find new business opportunities.

2021-04-30 17:07

Samsung heirs take out massive loans to pay inheritance tax

The widow and children of late Samsung Electronics Chairman Lee Kun-hee took out massive loans to pay the first portion of a 12 trillion won ($10.8 billion) inheritance tax, according to industry sources and media reports, Friday. The family plans to pay the tax in six installments over the next five years, the first of which is due April 30.

2021-04-30 16:56

Samsung heirs pay 1st installment of inheritance taxes

Heirs of late Samsung Group chief Lee Kun-hee on Friday paid their first installment of record inheritance taxes after reporting to the authorities. They announced Wednesday that they would pay more than 12 trillion won ($10.7 billion) in inheritance taxes, the largest amount in the country's history, in installments. They paid one-sixth of inherited assets upfront and will p...

2021-04-30 16:40

Gov't remains unperturbed by mounting calls for pardoning jailed Samsung heir

Samsung ranks 2nd in first-quarter smartphone revenue: report

Samsung Electronics was the runner-up in the first-quarter smartphone market in terms of revenue, a report showed Friday, though it was the top vendor by volume. The South Korean tech titan logged a revenue share of 17.5 percent in the January-March period, down from 20.2 percent a year earlier, according to market tracker Counterpoint Research.

2021-04-30 13:29

Samsung slips to 4th in 5G smartphone market in first quarter: report

Samsung slips to 4th in 5G smartphone market in first quarter: report

Samsung Electronics lost its leading position in the global 5G smartphone market to rank fourth in the first quarter of the year, a report showed Friday, as Apple and Chinese makers expanded their presence with new devices. Samsung's share in the 5G smartphone market stood at 12.7 percent in the January-March period, down from 34.6 percent a year ago, according to market rese...

2021-04-30 09:05

Samsung ranks 2nd in first-quarter smartphone revenue: report

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