Pantech: Difference between revisions

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'''Pantech Inc.''' ({{lang-ko|주식회사 팬택}}) is a [[South Korea]]n [[company]] that manufactures [[mobile phone]]s. Established in 1991, its market is mainly domestic with partners in the [[United States]], [[Japan]], [[China]], [[Europe]] and finally [[Vietnam]]. In 2012 Pantech was the second best-selling handset maker in [[South Korea]], according to [[Gartner]]. In 2013 [[Samsung Electronics]] bought a 10% stake in Pantech.<ref>{{Cite web|url=https://en.yna.co.kr/view/AEN20130522005400320|title=Samsung to buy stake in smaller local rival Pantech|date=May 22, 2013|website=Yonhap News Agency}}</ref> Pantech also partners with [[Personal Communications Devices|PCD]] for specialized phones.
 
For the U.S. market, the company primarily manufactures phones for the two largest wireless carriers, [[AT&T Mobility|AT&T]] and [[Verizon Wireless|Verizon]]. Pantech launched an eco-friendly 3G messaging phone for AT&T as well as a 4G LTE Android handset for Verizon Wireless in 20052012. Both smartphones have touchscreens and QWERTY keyboards that slide out.<ref>{{Cite web|date=2012-07-31|title=Pantech Ships 3G, 4G Phones|url=https://www.twice.com/news/pantech-ships-3g-4g-phones-38901|access-date=2021-05-14|website=TWICE|language=en-US}}</ref>
 
According to a report in July 2014 from [[CNET]], Pantech is facing [[bankruptcy]] risk with a [[debt]] of $475 million.<ref name="auto">{{Cite web|url=https://www.cnet.com/news/korean-handset-maker-pantech-faces-bankruptcy-with-475m-debt/|title=Korean handset maker Pantech faces bankruptcy with $475M debt|last=Hwang|first=Sa Youn|website=CNET}}</ref> In October 2015, [[BusinessKorea]] said that Korean [[Regulatory agency|regulators]] have approved the acquisition by a domestic technology group led by [[Optis Inc|Optis]] and [[Solid Inc|Solid]]. In 2014, Only imported in country and exported in [[Vietnam]].<ref name="auto1">{{Cite web|url=http://www.businesskorea.co.kr/news/articleView.html?idxno=12529|title=Pantech’s Revival to Depend on IoT, Indonesian Market|date=October 19, 2015|website=비즈니스코리아 - BusinessKorea}}</ref>