Tag: samsung

Samsung invests in Sharp

Adeola Adebowale
Samsung Electronics Co. said Wednesday it will invest 10.4 billion yen ($111.5 million) in Sharp Corp. to secure a supply of large-size LCD panels. The agreement gives Samsung a 3 percent stake in Osaka-based Sharp and a supply of large-size LCD panels for televisions. Samsung said in a statement that the investment will help strengthen Sharp’s LCD panel business. The South Korean company known for… Read more

South Korea Gets First Female President

Adeola Adebowale Leave a comment
As leader of Asia’s fourth-largest economy, Park, the 61-year-old daughter of late military strongman Park Chung-Hee, faces challenges of slowing growth and soaring welfare costs in one of the world’s most rapidly ageing societies. Taking the oath of office less than two weeks after North Korea carried out its third nuclear test, Park called on the regime in Pyongyang to “abandon its nuclear ambitions without… Read more