Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Seoul Metro to seek legal action against malicious complaints
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[KH Explains] Will alternative trading platform shake up Korean stock market?
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Illit, mired in controversy, remains on Billboard charts for 5th week
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S. Korea lowers COVID-19 warning level, lifts last-remaining antivirus mandates
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LG defeats U.S. firm’s patent claims in German court
A German court has ruled in favor of LG Electronics Inc. on a technology patent suit filed by U.S. technology firm Rovi Corporation, company officials said Wednesday.The ruling handed down Tuesday by a court in Mannheim, Germany said that LG Electronics did not infringe on a patent on organizing preferred channels for televisions.In April last year, the U.S. electronic program guide solution provider filed for an injunction with the German court against LG Electronics to ban sales of its televis
TechnologyDec. 19, 2012
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Intel smartphone chips as energy efficient as competitors: report
In a milestone that is expected to help Intel’s push into the smartphone and tablet markets, the Santa Clara, California, tech giant finally has made its brainy microchips as energy efficient as those from companies using a design by Britain-based ARM Holdings, which now dominate the mobile market, according to a new report.That’s important for Intel, which for years got the cold shoulder from phone and tablet makers because its power-hungry chips shortened the battery life of mobile devices. Wi
TechnologyDec. 19, 2012
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Microsoft, HTC draw closer to create smartphone rally
Microsoft Corp. Chief Executive Officer Steve Ballmer, on a swing through Taiwan this month, made time to meet with Peter Chou, his counterpart at HTC Corp.On Chou’s agenda: the low screen resolution that prompted HTC to scrap plans for a bigger smartphone using Microsoft’s mobile software, a person familiar with the matter said this week.Ballmer needs to stay on Chou’s good side. HTC could help his company vie with Apple Inc. and Google Inc. in the 718- million-unit smartphone market, where, ac
TechnologyDec. 19, 2012
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Tech firms target Christmas shoppers
Electronics companies are eyeing the Christmas shopping season to boost year-end sales. Home electronics firms suggest that an “easy and cozy, yet romantic Christmas” is the new trend for this year’s marketing strategies. People are turning to stylish but performance-oriented items that can make them feel the Christmas atmosphere. As Bang & Olufsen, a high-end TV and musical equipment manufacturer, put it, “Strolling along a street with Christmas decorations can make you feel merry, but having b
TechnologyDec. 19, 2012
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Dell to focus on products, services for SMEs in Korea
Dell Korea is putting a stronger focus on the mid-size market involving enterprise solutions and services as it looks to transform into an end-to-end solution provider.Philip Davis, vice president of enterprise solutions in the Asia-Pacific and Japan at Dell Global, also said that its Korean office had been going through a fairly significant transformation over the past four to five years and that it has secured over 23 percent in server unit shipments to the country in the third quarter of this
TechnologyDec. 19, 2012
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Gap between real holidays and expectations
There‘s a gap between what the holidays should be and what they can be and the real holidays we live, a U.S. pediatrician says. Pediatrician Dr. George Askew said there is a big difference between the holidays people experience and the expectations we carry in our minds. “If we can’t do in our real holidays what we‘ve come to believe we should do, what then? If you have 10 holiday must-dos, and you can’t do all 10, shorten the list,” Askew said in a statement.“When you give yourself some room to
TechnologyDec. 19, 2012
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Samsung is top 2012 phone brand, ousting Nokia
Samsung has overtaken Nokia as the top mobile phone brand for 2012 and has opened up a decisive lead over Apple in the smartphone market, a research firm said Tuesday.This will mark the first time in 14 years that Finnish-based Nokia will not sit atop the global mobile phone business on an annual basis, according to IHS iSuppli.Samsung is expected to account for 29 percent of worldwide cellphone shipments, up from 24 percent in 2011, according to the IHS, which said Nokia's share dropped to 24 p
IndustryDec. 19, 2012
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S. Korea halts Brazil beef imports over mad cow
South Korea has suspended its imports of Brazilian beef, becoming the sixth country to do so over a two-year-old case of mad cow disease, authorities said here Tuesday.South Korea joined China, Japan, South Africa, Egypt and Saudi Arabia in halting Brazilian imports in connection with an atypical case of bovine spongiform encephalopathy (BSE) that was detected in an animal that died in 2010 in the southern state of Parana, the agriculture ministry said.The six countries take in only 3.8 percent
IndustryDec. 19, 2012
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Smartphone makers post wins on separate continents
Apple and Samsung, the world's top two smartphone makers, each scored a significant victory on different continents that will allow both to keep selling their products without legal interference this holiday season.A federal judge in San Jose late Monday rejected Apple Inc.'s demands to block U.S. sales of three smartphones made by Samsung Electronics Corp. The ruling came weeks after a jury found that Samsung infringed six Apple patents.Hours later, Samsung announced it was dropping its demands
TechnologyDec. 19, 2012
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Samsung to stop suits seeking to block Apple sales in Europe
Samsung Electronics Co. will withdraw patent lawsuits seeking to block sales of Apple Inc. products as part of litigation over the use of its technology in European countries, the company said Tuesday. "Samsung has decided to withdraw our injunction requests against Apple on the basis of our standard essential patents pending in European courts, in the interest of protecting consumer choice," the Suwon, South Korea-based company said in an e-mailed statement Tuesday. The decision on Europe
TechnologyDec. 18, 2012
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Apple’s case vs. Samsung snubbed by U.S. court
Apple Inc.’s request for a U.S. sales ban on more than two dozen devices manufactured by Samsung Electronics was rejected by a federal judge, reports from the U.S. said on Tuesday.According to U.S. district judge Lucy Koh, the iPhone maker failed to establish that consumer demand for Samsung products was driven by technology that Samsung stole from Apple.In her ruling, Koh said that “it wasn’t in the public interest to bar Samsung devices because the infringing elements constituted a limited par
IndustryDec. 18, 2012
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[Newsmaker] Sighs among the cheers in Sejong City
The Finance Ministry on Tuesday took down its signboard to signal its move to Sejong City. The relocation has been anticipated for the past year, but to ministry employees, it was a moment to remember.“The era spent at Gwacheon was one of passion and devotion, and we are overcome with emotions as we prepare to let go of this era,” said a nostalgic Finance Minister Bahk Jae-wan, who will be the last minister to have experienced the Finance Ministry in Gwacheon City.It will take over 300 5-ton tru
IndustryDec. 18, 2012
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POSCO E&C wins $400m order from Vietnam
POSCO Engineering & Construction Co., a construction arm of South Korea’s largest steelmaker POSCO, said Tuesday it has signed a $400 million deal to build a steel processing facility in Vietnam.Under the contract with Formosa Ha Tinh Steel Corp., an affiliate of Vietnam’s Formosa Group, POSCO E&C will build a raw material handling facility in a steel complex, located in northern Ha Tinh Province, with an annual production capacity of 7 million tons of steel, said the company.Imported materials
Dec. 18, 2012
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Shares gain on foreign buying
South Korean stocks closed 0.51 percent higher on Tuesday on the back of foreigners’ buying, but the gain was capped due to remaining corporate uncertainties, analysts said. The local currency fell slightly against the U.S. dollar. The benchmark Korea Composite Stock Price Index added 10.02 points to finish at 1,993.09. Trading volume was moderate at 446.9 million shares worth 4.55 trillion won ($4.24 billion) with gainers outnumbering losers 426 to 384.“We’ve seen steady foreign inflows in rece
Dec. 18, 2012
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Doosan Heavy receives W600b order from India
Doosan Heavy Industries & Construction Co., South Korea’s leading power equipment maker, said Tuesday that it has clinched a 600 billion won ($559.5 million) deal to build two power plant boilers in India.Under the deal with NTPC Ltd., India’s state-run energy service company, Doosan Heavy’s local unit, Doosan Power Systems India Pvt., will supply two 800-megawatt steam generator boilers to be built for its Lara plant in the central part of India, said the company.Doosan Heavy already won a cont
Dec. 18, 2012
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Weaker yen gives mixed forecast on local stock market
Major foreign investment banks anticipate the Japanese currency will trade lower against the U.S. dollar in 2013, a report showed Tuesday, while local analysts are mixed about the impact of a weaker yen on the local stock market.Thirteen global investment banks expect the yen will change hands at 81.62 yen against the U.S. dollar in the first quarter of next year, down 1.8 percent from 80.16 yen suggested a month earlier, according to the report by the Korea Center for International Finance.The
Dec. 18, 2012
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Carriers brace for heavy election traffic
One day ahead of Wednesday’s presidential election, the nation’s three major mobile carriers stepped up intensive mobile traffic control on Tuesday to prevent possible data traffic surges and cyberterrorism. KT, SK Telecom and LG Uplus expect that mobile traffic may be overloaded on election day, as the use of mobile social networking services will likely soar as people use smartphones to check out real-time ballot counts and election results.Their election protection plans include expanding the
TechnologyDec. 18, 2012
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Korean unit to develop midsize sedan for Renault
Renault Samsung Motors may develop a midsize model for Renault Group, aiming for an early 2015 launch, a local news daily reported Tuesday. But the carmaker immediately said “nothing has yet been decided.”Under the “Renault Samsung mid-term plan,” which was cited by the Chosun Ilbo, the Korean unit of the France-based Renault will be responsible exclusively for developing the upper body of the new version of its flagship SM5 sedan. If realized, it would be the first time for Renault Samsung, whi
IndustryDec. 18, 2012
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Korea’s household debt is manageable: Goldman Sachs
South Korea’s household debts, though standing at an alarming level, are under control as a stabilizing housing market and regulatory steps to stem their growth have capped risks, a global investment bank said Tuesday. Goldman Sachs said in a report that the growth pace of home-backed lending here has slowed in recent months, curbing the overall rise in household liabilities, according to the Korea Center for International Finance. The country’s household credit, which includes credit purchases
Dec. 18, 2012
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MS, PC room owners in licensing dispute
Conflict between Microsoft Korea and the owners of PC rooms nationwide continued to escalate on Tuesday as both sides argued over the illegal use of the latest Windows 8 software.Microsoft claims that at least 700 PC room operators, which are also known as “PC bang” in Korea, are using its recently released operating system without paying the necessary fees.However, an association of PC room owners called the Korea Internet Cultural Contents Service Association rejected the charge claiming that
IndustryDec. 18, 2012