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Pantech Chairman to Step Down, Company Plans Furloughs

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Sep 25, 2013, 8:41 AM   by Eric M. Zeman   @zeman_e

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.

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arox413

Sep 26, 2013, 7:32 AM

While not all that interesting...

can't really say it's a surprise. Pantech's smartphones are some of the worst on the market. They make a decent flip phone but that's about it. They have a terrible rep and have yet to release a device that has come close to making that better at all, in fact I would say nearly every device they release only makes them worse.
 
 
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