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Samsung buys stake in Pantech, securing innovation access

Posted: , by Daniel P.

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Samsung buys stake in Pantech, securing innovation access
Samsung has apparently acquired a 10% stake in Pantech, its fellow South Korean phone maker, for reasons yet unknown. That makes Sammy one of the largest shareholders in the company, after Qualcomm and the state's Development Bank.

This marks a string of stake-buying by Samsung, which recently fronted the struggling Sharp north of a $100 million to secure access to the groundbreaking IGZO screen technology and other niceties.

Pantech is actually one of the most innovative makers in recent years, at least on its home turf, as it was the first to have the Vega Racer with a 1.5 GHz dual-core processor, not to mention the 5" Vega N5 phablet. Its Pantech Vega LTE handset also was first with a full-fledged gesture recognition function, and Pantech Vega Racer 2 was the world's first with glass ceramic body.

This year marked the arrival of Pantech Vega Iron, which comes with a metal frame that gives it not only a premium feel, but also makes it sturdier and more durable. Moreover, it boasts a bezel that is only 2.4-millimeters thick, which is a record achievement, so Samsung has obviously been taking notes with each of these releases, and jumped the gun on the shares acquisition.

source: YonhapNews

28 Comments
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posted on 22 May 2013, 03:37 4

2. WHoyton1 (Posts: 1635; Member since: 21 Feb 2013)


Lol the Pantech galaxy!!! Haha but seriously it looks like sammy is using some of it multi billion dollars to buy out the rest of Korean tech companies...but I mean if they can do it....

posted on 22 May 2013, 06:50 1

11. xperiaDROID (banned) (Posts: 5629; Member since: 08 Mar 2013)


Dude, seriously? "it looks like sammy is using some of it multi billion dollars to buy out the rest of Korean tech companies" This is just stupid.

I know what you mean, you mean Samsung is using some of their billion dollars to buy out the rest Korean tech companies like Pantech, LG, etc. right?

This is NONSENSE! This is IMPOSSIBLE! This is MADNESS!

posted on 22 May 2013, 10:21 1

16. Reluctant_Human (Posts: 867; Member since: 28 Jun 2012)


Madness. MADNESS!... THIS IS PHONEARENA!!!

posted on 22 May 2013, 10:27 1

17. WHoyton1 (Posts: 1635; Member since: 21 Feb 2013)


Haha calm down dude it was joke and I agree with you....if samsung bought the rest of the South Korean companies then....I do want to think :/

posted on 22 May 2013, 10:51 1

20. xperiaDROID (banned) (Posts: 5629; Member since: 08 Mar 2013)


I'm alright, but it seems like those people who thumb down me are not calm. But if Samsung bought the rest of the South Korean companies, then.......no LG, no Pantech, only Samsung, geez, it will be the worst NIGHTMARE.

But don't worry, this is impossible.

posted on 22 May 2013, 11:11

21. WHoyton1 (Posts: 1635; Member since: 21 Feb 2013)


No LG....which means no Optimus g2 which means....my life is over! Do you know it's supposed to have an eight core processor like the s4 but a rival to the exynos 5!

posted on 22 May 2013, 11:22

22. xperiaDROID (banned) (Posts: 5629; Member since: 08 Mar 2013)


Exactly! I will "kill" Samsung if they buy LG.

Come to papa, Optimus G2!

posted on 22 May 2013, 11:42

23. saadisona (Posts: 1; Member since: 22 May 2013)


come on dude its only a 10% acquisition it does not mean that Sammy is going to get control of Pantech or LG or whatsoever you are talking about this is Sammy's associate not subsidiary!
Calm down for control they have to buy atleast 50% or make some other contract in which its given the control
and buying LG will involve billions of $s.

posted on 22 May 2013, 12:02 1

26. xperiaDROID (banned) (Posts: 5629; Member since: 08 Mar 2013)


Dude, read comment #20.

It is impossible for Samsung to buy Pantech or LG or whatever company, and you're right, buying LG will involve billions of $s.

posted on 22 May 2013, 03:42 7

4. Kurai (unregistered)


lamesung is obviously interested in their ability to design beautiful devices . . .

posted on 22 May 2013, 03:50 6

5. WHoyton1 (Posts: 1635; Member since: 21 Feb 2013)


Haha a fellow sammy hater may actually find that funny....

posted on 22 May 2013, 05:44 1

10. giri555 (Posts: 109; Member since: 15 Mar 2012)


That means more Gimmicky features coming up...

posted on 22 May 2013, 06:58

12. InspectorGadget80 (Posts: 6736; Member since: 26 Mar 2011)


Pantech makes ugly handset. Please stop using the word innovate. There's nothing innovating bout Samsung purchasing pantech.

posted on 22 May 2013, 09:41 1

14. a961009 (Posts: 116; Member since: 04 Aug 2011)


That does not apply to Pantach phones which are in South Korea.

posted on 22 May 2013, 10:32

18. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)


Sharp edged phones look very sexy and modern, contemopray, with rear flat design™

posted on 22 May 2013, 10:33

19. TROLL (banned) (Posts: 4851; Member since: 13 Apr 2012)


Beautifull concept looking device™

Someone should patent this design!

Phones with curves are ugly™

posted on 22 May 2013, 11:53 5

24. ksenia (Posts: 25; Member since: 29 Apr 2013)


samsung will copy everything they do now from design to software

posted on 22 May 2013, 11:54 1

25. WHoyton1 (Posts: 1635; Member since: 21 Feb 2013)


haha samsung are one of the best in the world when it comes to software! get your facts right before you post....

posted on 22 May 2013, 12:28 1

28. WHoyton1 (Posts: 1635; Member since: 21 Feb 2013)


why so many thumbs down im just saying samsung have the best software taste against its major rivals...htc, apple, lg...etc...

posted on 22 May 2013, 12:15 1

27. snowgator (Posts: 3290; Member since: 19 Jan 2011)


Sammy flexes muscles, cash falls out, companies become attracted in ways they cannot say "no".....

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