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Samsung Life pledges support for card unit

South Korea's top life insurer, Samsung Life Insurance, said yesterday it would buy up to half of a 1.5 trillion won (US$1.3bil) new share issue planned by ailing affiliate Samsung Card.


On the move


LG.Philips LCD beefing up ops

LG.Philips LCD, the world's largest LCD (liquid crystal display) screen maker, said yesterday it would invest 25 trillion won (US$21bil) over the next 10 years to capitalise on booming demand for flat displays for big-screen televisions.


HP plans to open over 1,000 retail stores in China

US computer giant Hewlett-Packard (HP) plans to open more than 1,000 retail stores in China as it takes advantage of the emerging market for consumer and home-entertainment products.


Taiwan stocks close Tuesday at lowest level in three weeks

Taiwan shares extended Monday's 2.4 percent decline to end at their lowest level in three weeks Tuesday, as investors became more cautious ahead of Saturday's presidential election.


Forget the US dollar, Asia stock pickers focus on growth

Asia's professional stock pickers were so busy putting a flood of investor money to work across the region this week that a turnaround in the fortunes of the US dollar barely raised eyebrows.


Samsung distributor targets 10% digicam market

FIRST Mobile Group Sdn Bhd (FMG), the distributor of Samsung digital cameras and mobile phones, plans to capture 10% of the local digital camera market in the next 12 months from 2% currently.


Flame of the Games

The search is on for outstanding Malaysian sports persons to take part in the Olympic Torch Relay, reports ALLAN KOAY.


South Korea Inc struggles to break bailout habit

Bad habits die hard in corporate South Korea.


SEG Samsung gets China nod for stake sale to M’sian unit

China's SEG Samsung has won approval to offload a 14.09% stake to a Malaysian unit of South Korea's Samsung Electronics and US firm Corning Inc, the Chinese firm said on Wednesday.