Most Popular
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Korea’s homegrown nanosatellite successfully launches into space
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Ador CEO denies allegations, accuses Hybe of mistreating NewJeans
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[Herald Interview] 'Amid aging population, Korea to invite more young professionals from overseas'
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Nicaragua shuts down Seoul embassy
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Hybe's multilabel system tested amid conflict with Ador
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Rocket engine expert, ex-NASA exec to lead Korea's new space agency
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SNU profs to suspend treatment for one day
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SK hynix pledges W20tr to ramp up DRAM production at home
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Over-50s, men, single-person households take up majority of those filing for bankruptcy
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Pianist Cho Seong-Jin named Berlin Philharmonic's artist-in-residence
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LG CNS leads in modernizing Colombia’s transport system
Information communications and technology solutions developer LG CNS said Tuesday it had secured a deal to establish a fleet management system to collect public transit data in Pasto, Colombia, which the company said would give a boost to its business operations in South America.The FMS transmits bus data, including location, and driving speed, through GPS and network modems to a control center, which then analyzes the received information. (From left) Jorge Cote, head of public transit corporat
Nov. 3, 2015
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[Photo News] LG OLED TV sets record monthly sales
LG OLED TV SETS RECORD MONTHLY SALES -- LG Electronics said Tuesday that the sales of its organic light-emitting diode TVs have reached a record 4,500 in October. The company said it would further try to appeal to more customers by reducing the prices of its high-end TVs. (LGE)
Nov. 3, 2015
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[Photo News] LG's portable printer enjoys popularity
PORTABLE PRINTER APPEALS TO CUSTOMERS -- LG Electronics said Monday that the cumulative sales of its mobile printer Pocket Photo has crossed 1.3 million units worldwide -- 80 percent of that in Korea and China -- since the release of the portable printer in September 2012. (LGE)
Nov. 2, 2015
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SK Planet sues Kakao over mobile map services
Mobile platform developer SK Planet said Monday that it has sued Loc & All, a mobile navigation service firm and subsidiary of mobile messenger operator Kakao, for unauthorized use of its mobile map database.The company -- which runs mobile navigation app T-Map and compiles and provides a digital map database for corporate customers -- announced it has filed a lawsuit at the Seoul Central District Court. Mobile navigation app Kimgisa. (Loc & All)SK Planet had opened up some of its T-Map mobile m
Nov. 2, 2015
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[Photo News] Chinese P.M. visits innovation center
LI VISITS CREATIVE CENTER -- KT chief executive Hwang Chang-gyu (center) introduces an iris recognition solution to Chinese Premier Li Kequiang at a creative economy center run by the Korean mobile carrier in Gyeonggi Province on Monday. The Korean government and Korean conglomerates established 17 creative economy centers across the nation to support start-ups. (KT)
Nov. 2, 2015
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Ericsson-LG names new CEO
Patrick Johansson, new chief executive of Ericsson-LG. (Ericsson-LG)Network equipment developer Ericsson-LG said Monday that the board of directors has appointed Patrick Johansson, vice president of the firm’s business unit radio, as new chief executive of the company. Johansson, who will be responsible for all Ericsson-LG business operations in Korea, joined Ericsson in 1997 and has since then held various management positions and served as a board of director member for Ericsson-LG from 2012.I
Nov. 2, 2015
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SKT seeks to expand presence in pay TV
South Korea’s No. 1 mobile carrier SK Telecom said Monday that it would acquire CJ Hellovision, the Internet television service affiliate of CJ Group, with aims to strengthen its dominance in media platform services. The telecom company said it will acquire a 30 percent stake in CJ Hellovision owned by CJ O Shopping, the group’s home-shopping unit, for 500 billion won ($438 million) immediately. The remaining 23.9 percent stake will be acquired in a call option deal also for 500 billion won thre
Nov. 2, 2015
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Samsung deal puts Lotte chief in focus
Lotte Group’s decision to acquire chemicals businesses from Samsung Group, which was announced Friday, is expected to help the food and retail giant extend its business portfolio. And more importantly the 3 trillion won ($2.6 billion) pricey deal put a renewed spotlight on business capabilities of chairman Shin Dong-bin, who has recently been engulfed in an escalating family feud over the group’s ownership. Lotte said it would acquire 31.5 percent of shares in Samsung Fine Chemicals, Samsung’s l
Nov. 1, 2015
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LG Chem secures $8m water purification filter deals
LG Chem said Sunday it had secured a combined $8 million in new orders supplying water purification filters for eight seawater desalination projects among Egypt, Israel, Spain, Malta and Mexico. The company said it would produce some 17,000 reverse osmosis filters at its plant in Cheongju, North Chungcheong Province, by the end of next year, with the first batch shipped on Oct. 30.Reverse osmosis is a water purification technology that uses a semipermeable membrane to remove larger particles fro
Nov. 1, 2015
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[Photo News] Google nurtures creativity
GOOGLE NURTURES CREATIVITY -- Eric Schmidt (second from left), executive chairman of Alphabet, the holding company of Internet giant Google, watches children participate in a workshop at Kids Maker Studio -- a creative lab for kids -- in Gwacheon, Gyeonggi Province, Friday. (Yonhap)
Oct. 30, 2015
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[Design Forum] Design connects people
Design plays a key role across a range of sectors in society from art to business to represent beliefs, values and ideas.Randi Zuckerberg, the founder and chief executive of Zuckerberg Media and a marketing expert, believes that design guards the world from disorder and chaos and shapes people’s lives.The Zuckerberg Media CEO, with multiple careers including author and TV producer, has published two books, including “Dot Complicated,” a New York Times bestseller about her views on technological
Oct. 30, 2015
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[Photo News] IT connects Asia
IT CONNECTS ASIA -- Mobile carrier LG Uplus said Thursday it had successfully held the 5th Global IT Challenge competition for disabled youths from Monday to Thursday at Universitas Multimedia Nusantara in Indonesia. The annual competition is aimed at reducing the information gap in the Asia-Pacific region. (LG Uplus)
Oct. 29, 2015
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[Photo News] KT nurtures cloud business
KT NURTURES CLOUD BUSINESS -- Seo Suk-jin, a director general of the Ministry of Science, ICT and Future Planning, delivers a congratulatory speech at the sixth Cloud Frontier 2015, a conference for the cloud computing industry organized by mobile carrier KT, in Seoul on Thursday. (KT)
Oct. 29, 2015
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Samsung unveils W11tr buyback as profit rebounds
Samsung Electronics on Thursday unveiled plans to boost investor dividends through an 11.3 trillion won ($10 billion) share buyback after reporting its first on-year profit growth in two years. Samsung said it would cancel all shares purchased through the buyback, its biggest to date, and planned to give shareholders 30-50 percent of its free cash flow over the next three years, mostly through dividends. The plans come after investors have increasingly requested bigger payouts from the Korean t
Oct. 29, 2015
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LGE sees Q3 earnings plunge
Facing tough competition in the world’s mobile and electronics markets, tech giant LG Electronics saw its profit drop by a whopping 37 percent in the July-September period as losses widened in its flagship mobile business unit.The electronics firm said in its regulatory filings that it earned 14.3 trillion won ($12.5 billion), down 5 percent year on year, in the third quarter. The company reported 294 billion won in profit, down 37 percent on-year. An employee enters LG Electronics`s head office
Oct. 29, 2015
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SK Telecom makes 5G push
South Korea’s leading mobile carrier SK Telecom on Thursday opened an innovation center named the 5G Playground for developing and testing advanced network technologies with its partners.The 5G Playground, located in the wireless firm’s office in Bundang, Gyeonggi Province, features places where visitors can have a firsthand experience of virtual reality technology and test bed labs to conduct joint R&D projects with global IT firms including Samsung Electronics, Ericsson, Nokia, Intel and Rohde
Oct. 29, 2015
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Smartphones may ruin your eyes
South Korea is one of the world’s most connected countries, with more than 80 percent of the population owning smartphones as of this year. But spending too much time with smart devices can be a serious threat to eye health, a group of Korean ophthalmologists said this week. According to the Korean Ophthalmological Society, one of the biggest representative bodies of eye doctors here, the number of Korean patients with dry eye syndrome has more than doubled in the last 10 years, from 970,000 to
Oct. 29, 2015
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Samsung lags far behind Apple in smartwatch sales in Q3: report
South Korean tech giant Samsung Electronics Co. fell far behind Apple Inc. in global smartwatch sales in the third quarter but could overtake the U.S rival in the next quarter once it kicks off global sales of its new model in earnest, a report said Thursday.Samsung is estimated to have sold 600,000 units of its wearable device in the July-September period, representing a market share of 9.8 percent globally, according to the latest report by Strategy Analytics. That put the South Korean firm in
Oct. 29, 2015
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LG launches air care brand PuriCare
LG Electronics on Wednesday launched new air care brand “PuriCare” in a renewed push to expand its air purifier and humidifier product lineup globally. The company added that it aimed to see 1 million unit sales in the $6 billion market within the next three years. “Korea, China and the Middle East may be the key markets for now. But we aim to launch the brand in some 30 countries in the near future,” said Cho Seong-jin, head of LG’s home appliance and air solution business division, in a press
Oct. 28, 2015
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LG donates W10b to youth job fund
LG Group said Wednesday its executives will donate a combined 10 billion won ($8.8 million), including 7 billion won from chairman Koo Bon-moo’s personal fortune, to a government-initiated fund supporting young jobseekers. LG is the latest to join the youth employment fund following other big companies such as Samsung, Hyundai Motor and SK. “We want to support the fund that aims to help expand job opportunities for young people and strengthen their job safety,” the group said in a press release.
Oct. 28, 2015