South Korean telecommunications regulator clears way for launch of iPhone

Samsung Electronics triples its profit

SEOUL - Samsung Electronics Co’s profit more than tripled in the third quarter to hit a record 3.72 trillion won ($3.14 billion), the company said Friday.

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Samsung Electronics 3Q net profit triples to record high amid increased sales

Toyota Motor makes push into South Korea, home turf of international rival Hyundai

Toyota pushes into SKorea, home turf of Hyundai

SEOUL, South Korea — Toyota is making a push into South Korea — the home market of international rival Hyundai Motor Co. — introducing four models including the Camry and Prius while downplaying the move as a direct challenge to domestic automakers.

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Apple’s overseas expansion rolls on as Korean telecom regulator approves sale of the iPhone

South Korea approves sale of Apple’s iPhone

SEOUL, South Korea — South Korea’s telecommunications regulator said Wednesday that Apple Inc. can sell its hit iPhone in the country — potentially shaking up a cell phone market controlled by domestic manufacturers.

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Samsung says 2nd-quarter net profit rose 5.2 percent over last year’s, sales rise

Samsung says quarter-2 net profit rose 5.2 percent

SEOUL, South Korea — Samsung Electronics says second-quarter net profit rose 5.2 percent from the same period last year as sales rose.

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Samsung announces earnings estimate for first time in bid to damp speculation

Samsung announces earnings estimate

SEOUL, South Korea — Samsung Electronics Co., the world’s biggest manufacturer of memory chips, announced quarterly earnings estimates for the first time Monday, saying it hopes to reduce market confusion and speculation about its performance.

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Samsung 1Q Profit melts down under weak demand of memory chip

samsung-logoSamsung says first-quarter profit plummets

SEOUL, South Korea — Samsung Electronics said Friday that net profit plummeted 72 percent in the first quarter amid weak demand for memory chips in the global economic slump. Samsung earned 619.20 billion won ($463.53 million) in the three months ended March 31, the company said in a regulatory filing. That compares with net profit of 2.19 trillion won a year earlier.

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Samsung reports its first quarterly loss

SEOUL - Samsung Electronics Co, the leading South Korean electronics maker, posted its first quarterly loss, saying Friday that it was 20 billion won ($14.59 million) in the red in the final quarter of 2008.

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