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HTC to suspend stock trade Thursday, citing "major announcement"
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Business
U.S. hedge fund Elliott urged a South Korean court Friday to approve an injunction against the proposed merger of two Samsung units, insisting it is aimed at facilitating a generational power transfer rather than acting in the interest of shareholders.
 
A U.S. hedge fund is challenging a takeover deal between Samsung companies designed to ensure control of the conglomerate passes to the grandson of its founder.
 
South Korea's exports suffered their biggest slump in nearly six years in May, hit by a strong won and falling oil prices, and fueling concerns about a recovery for the export-driven national economy.
 
South Korea's industrial output declined for a second straight month in April, reflecting weak exports, government data showed Friday.
 
South Korea's Hyundai Motor said Wednesday it has become the first carmaker to offer Google's Android Auto system in its Sonata model sold in the U.S. market.
 
Samsung to merge two major units
SEOUL - Samsung Group announced Tuesday the merger of two major affiliates, as the South Korean business giant accelerates restructuring efforts ahead of a generational power transfer within the founding Lee family.
 
More than 100 tech-savvy South Korean venture firms gathered last week at the Seoul-based startup conference beGLOBAL SEOUL 2015, as an outlet for fostering new business, market expansion and sharing industry insights.
 
South Korea accused Pyongyang on Monday of masterminding a work slow-down at the Kaesong joint industrial zone in a bid to push wage-rise demands for the 53,000 North Korean workers employed there.
 
The South Korean government plans to open up more local industries to foreign companies and cut red tape in greenbelt land use in its efforts to boost sagging foreign direct investment and revive the economy.
 
The smart watch hype is at its peak as two of the world's largest tech giants and archrivals -- Samsung Electronics and Apple -- step up their efforts to gain the upper-hand in a new round in a battle for the wrist.
 
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