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Tag - Pantech
Things have gone from bad to worse for South Korean smartphone manufacturer Pantech. After filing for a debt restructuring in February, it asked was forced to ask for a deadline extension in July to pay off its creditors. It turns out that the interest-free, two-year extension granted in August wasn't long enough, as the company is now searching for buyer after filing for court receivership.
Beleaguered Korean electronics manufacturer Pantech is seeking help to restructure and modify its debt. The company contacted its creditors earlier this week, hoping that it can either stop or slow its payments and keep the company alive, even after a year that saw Qualcomm and Samsung each buy 10 percent of the company.
Pantech has expanded its Vega range with another smartphone that can read fingerprints. The Vega Secret Up has a smaller 5.6-inch 1080p display compared to the Vega Secret Note, and while it has relatively similar internal specifications, there are a few small changes to make it slightly cheaper than its recent predecessor.
Together the iPhone and the iPad currently represent about 14 percent of South Korean mobile devices, according to new tracking data from Flurry. In all, there are about 33 million smartphones and tablets in use in the country. Most of these are made by local firms; Samsung has a 60 percent share, while LG is in second at 15 percent. Pantech -- a marginal device maker in the US -- controls a 10 percent share in its home country. The remaining 1 percent in Korea is split between all other Android device makers.
Pantech is adding to its Vega smartphone range with another device, one which introduces some extra privacy features. The Vega Secret Note, complete with a 5.9-inch 1080p display, sports a rear-mounted fingerprint sensor which can be used to not only unlock the device, but to also reveal hidden notes, photos, and videos stored on the device from view.
Pantech is updating its Vega smartphone line to include a smartphone with an integrated fingerprint reader on the rear of the device, similar to the initial rumors of the LG G2. The Vega LTE-A provides support for LTE-Advanced over SK Telecom's network in South Korea, something that will allow it to connect at a speed of up to 150Mbps.
Samsung has bought a 10 percent stake in South Korea-based mobile producer Pantech. The purchase of shares in the country's third-largest smartphone manufacturer, reported to be worth 53 billion won ($47.6 million), will make Samsung the third-largest stake holder, just behind Qualcomm and the state-owned Korea Development Bank.
Pantech has introduced another device in its range of Vega smartphones. The Vega Iron adds a minimalistic 2.4mm (0.1-inch) bezel to a five-inch 720p display, creating a mobile phone with a viewable area hitting 75.5-percent of the total area available on the front, something the manufacturer believes is the "world's best implementation."
Pantech has revealed its first smartphone with a full HD display, succeeding the 5-inch Vega S5 the company unveiled in July. The Vega No. 6 phablet has a 1920x1080-resolution IPS screen measuring 5.9-inch diagonally, which is claimed by Pantech be the first in South Korea of it's size to be able to use an LTE data connection.
An upcoming smartphone should be close to an official announcement as EVLeaks has, yet again, shared a live photo of the Pantech Magnus. The smartphone previously showed up undergoing FCC testing, so it should be ready for launch, with all indications pointing to AT&T offering it. The phone should be fairly advanced, offering quad-band LTE network support and a dual-core Snapdragon S4 processor.