Pantech Chairman to Step Down, Company Plans Furloughs
Park Byeong-yeop, the vice chairman of Pantech, announced today that he will resign from his post. Park founded Pantech in 1991 and served as its leader for more than a decade. He cited the company's poor smartphone sales performance in recent years as the reason for his departure. Further, Pantech is restructuring its finances and is asking 800 employees (about 25% of its total workforce) to take a voluntary six-month leave of absence. Verizon Wireless sells the Pantech Perception, an Android smartphone. It is one of the only Pantech devices to reach the U.S. this year.
Review: Pantech Perception for Verizon Wireless
The Pantech Perception is a good mid-range Android smartphone for Verizon Wireless that offers a lot of bang for the buck, including LTE 4G, an HD display, and an 8-megapixel camera.
FCC Outs Pantech Perception for Verizon Wireless
Documents seen on the Federal Communications Commission reveal an unannounced handset from Pantech for Verizon Wireless. The Pantech Perception is a monoblock Android smartphone that the FCC confirms supports LTE 4G in addition to CDMA and GSM for roaming, and Wi-Fi and Bluetooth.
Pantech Perception for Verizon Arrives April 25
Verizon Wireless today announced that the Pantech Perception, a global Android smartphone, will go on sale beginning April 25. According to Verizon, Motion Sense is the Perception's stand-out feature.
Pantech Files for Bankruptcy
Pantech filed for court receivership today, which is the South Korean equivalent of declaring Chapter 11 bankruptcy. The company has seen its share of the global market drop precipitously.
Pantech Files for Bankruptcy In the US
Pantech's U.S. operations filed for Chapter 15 bankruptcy today, following similar legal moves in the company's home market of Korea.
While not all that interesting...