Most Popular
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Marine Corps commander summoned by CIO for questioning on alleged influence-peddling case
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Army takes group action against Hybe for neglecting BTS
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Debate rages over ‘overly fatty’ samgyeopsal
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Ador CEO's request for exclusive right to terminate NewJeans' contract with Hybe refused in February
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[Weekender] Korean psyche untangled: Musok
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Naver will consider company benefits in deciding on selling Line shares: CEO
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Woman dangling from power lines rescued by residents holding blanket
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Hankook Tire takes over control of Hanon Systems
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[Herald Interview] ‘Time to Be Strong’ follows retired K-pop idols’ self-discovery
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Samsung chief returns from Europe after meeting with Pope, business leaders
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UHD to become new norm in TV market
[THE INVESTOR] The chief of a global industry group that sets ultrahigh-definition technology standards said UHD technology would soon replace high-definition technology as the new norm in the industry. Speaking with Korean reporters in Seoul on Wednesday, UHD Alliance president Hanno Basse said members of the alliance would continue to make concerted efforts to improve the viewing experience of TVs. Samsung Electronics’ SUHD TVs.“It will not take long for UHD TVs to replace HD TVs, probably 5 y
June 17, 2016
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Samsung shows growing appetite for start-up M&As
[THE INVESTOR] Samsung Electronics has been actively seeking merger and acquisition deals of start-ups in the past couple of years.The list of its takeovers showed that the world’s largest electronics manufacturer has been focused on making a move into the software and cloud sectors and beefing up its presence in the business-to-business segment. Since 2014, the Korean tech giant acquired nine companies, including video app services developer firm SELBY in May 2014, SmartThings in Aug. 2014, pri
June 17, 2016
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LG Display starts W1tr investment to beef up OLED production
[THE INVESTOR] LG Display has started executing its 1 trillion won (US$850 million) investment into the Korean plants to beef up production of organic light-emitting diode panels both for TVs and smartphones. The display-making unit of LG Group is also ordering new equipment from local suppliers, the Electronic Times reported on June 17. According to the report, the company is replacing production line for liquid-crystal displays at its P8 plant in Paju, Gyeonggi Province, with those for larger
June 17, 2016
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LG Electronics denies downsizing report
[THE INVESTOR] LG Electronics dismissed Thursday a news report the Korean tech giant is preparing to reduce about 1,000 employees at its struggling mobile business division. “We are relocating some employees to other business divisions as disclosed in May, but we are not considering cutting any jobs,” an LG Electronics spokesperson told The Investor, a new online business news site recently launched by The Korea Herald. “Some hundreds of workers have been relocated on a regular basis,” he added,
June 16, 2016
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LG Electronics denies downsizing mobile division
[THE INVESTOR] LG Electronics on June 16 dismissed a news report that the Korean tech giant is preparing to reduce about 1,000 employees at its struggling mobile business division. “We are relocating some employees to other business divisions as disclosed in May, but we are not considering any job cuts,” an LG Electronics spokesperson told The Investor, a brand new online business news site recently launched by The Korea Herald. “Some hundreds of workers have been relocated on a regular basis,”
June 16, 2016
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K-ICT Born2Global Center and its Members ② Bagel Labs
Bagel Labs announced Tuesday it will be releasing its smart tape measure through the U.S. crowdfunding site Kickstarter on June 29. Bagel Labs is a start-up that was founded in May 2015 and entered the Start-up Campus in Pangyo in March 2016. The smart tape measure produced by the company, which digitally measures length using a mini-mechanical device and precision sensor, is already gaining attention both in Korea and overseas. The smart tape measure can determine length using any of three mod
June 16, 2016
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SK Plantet named e-commerce company of the year
[THE INVESTOR] SK Planet has been named the Telecom eCommerce Service Provider of the Year for its mobile marketing brand Syrup, the company said Thursday.The award was presented to the firm at the 2016 Asia Pacific ICT Awards in Singapore on Wednesday. It was hosted by the consulting firm Frost & Sullivan and this was the 13th year of the awards. Frost & Sullivan said that SK Planet was chosen for the award because Syrup had increased value to customers through omni-channel competitiveness, and
June 16, 2016
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[ANALYST REPORT] Samsung Electronics: 2Q16 preview
We now expect Samsung Electronics (SEC) to post operating profit of KRW7.65tn (+15% QoQ) for 2Q16, driven mainly by strong sales of Galaxy S7 smartphones. SEC has recently been establishing clear leadership over rivals in technological advancement, backed by bold, preemptive investments. We thus maintain our BUY rating for SEC and raise our target price to KRW1,650,000.2Q16 previewFor 2Q16, we expect SEC to report sales of KRW50.03tn (+0.5% QoQ), operating profit of KRW7.65tn (+15% QoQ), and net
June 16, 2016
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Netflix to expand presence in Korea
[THE INVESTOR] Netflix, the US-based streaming giant, is hiring Korean staff at its local unit to strengthen its presence in the market. The company recently posted four job openings on its own website and LinkedIn, including senior software engineer, partner marketing manager, integrated producer and business development director.The world’s largest video-streaming service with more than 70 million subscribers launched its Korean service in January this year. The Korean launch came as part of t
June 16, 2016
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Samsung launches $140 Galaxy On5 in US
[THE INVESTOR] Samsung Electronics is making a big push in the US budget smartphone market with its planned launch of the $140 Galaxy On5. According to CNET, the phone will be sold by both T-Mobile and its prepaid brand, MetroPCS. It comes in at $140 outright, or for zero down payment and $5.83 a month for 24 months. Samsung Galaxy On5Key features include a 5-inch display, a 5-megapizel camera with an LED flash on the back, a 2-megapixel camera on the front and a 2,600mAh battery. Previously, th
June 16, 2016
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Samsung acquires US cloud service start-up Joyent
[THE INVESTOR] Samsung Electronics said on June 16 it has acquired a US-based cloud service provider Joyent in its latest start-up shopping spree. With the acquisition, Samsung aims to strengthen its presence in the soaring cloud market, offering more advanced mobile services in the era of the Internet of Things technology. Detailed terms of the deal were not disclosed. Screen capture of Joyent`s homepage“Samsung evaluated a wide range of potential companies in the public and private cloud infr
June 16, 2016
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Samsung Display tops global AMOLED sales: IHS
[THE INVESTOR]Samsung Display has topped global sales of small and midsized active mode organic-light emitting diode display in the first quarter, a market research firm said on June 16. The display-making unit of Samsung Electronics dominated with 30.6 percent market share in terms of sales, followed by Japan Display with 17.1 percent and LG Display with 12.9 percent in the first three months of the year, according to the IHS.In terms of shipments, Samsung’s AMOLED displays made up about 14.4 p
June 16, 2016
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LG launches ‘Mosquito Away TV’ in India
[THE INVESTOR] LG Electronics on June 16 announced the launch of a new brand of television, called “Mosquito Away TV,” in India where concerns about mosquito-borne diseases like malaria, Zika and dengue fever are high. The new TV set generates ultrasonic waves so that mosquitos are repelled and won’t flock to the TV screen. The ultrasonic waves, however, do not bother viewers, the company said. LG also said it plans to launch the brand in other Southeast Asian markets.The Korean tech giant said
June 16, 2016
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Samsung’s new Galaxy Note to feature curved screen
[THE INVESTOR] Samsung Electronics is expected to adopt a curved screen for its new Galaxy Note to replicate the sales momentum of its hot-selling Galaxy S7 Edge. According to news reports on June 16, the Korean tech giant plans to start rolling out the upcoming Note Phablet from July with the initial production estimated to stand at about 2.5 million units per month. A leaked snap of an invite graphic shared by SamMobile.Samsung declined to confirm the reports. The company is scheduled to hold
June 16, 2016
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DRAM price forecast to bounce back
[THE INVESTOR] Demand for DRAM memory chips has slightly picked up as more Chinese smartphone firms adopt the memory chips, according to market watchers. Some also predicted that the upward trend could continue for a while.The increased demand has consequently driven up the price of DRAM chips.The price of a DDR3 2Gb chip stands at $0.934, up from $0.888 several days ago, according to market research firm DRAMeXchange.The main contributing factor for the price increase is that more Chinese smart
June 16, 2016
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Samsung Pay now available in Singapore, Australia
[THE INVESTOR] Samsung Electronics announced the launch of its mobile payment service in Australia and Singapore on June 16. The tech giant has partnered with Citibank, which has over 200 million customers, to launch Samsung Pay as part of its efforts to ultimately extend the service across the Asia-Pacific region, the company said. “We’re seeing significant global growth for Samsung Pay, and view our expanded partnership with Citibank as a key to that continued momentum,” said In-jong Rhee, CT
June 16, 2016
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UHD to become new norm in TV market
UHD to become new norm in TV market[THE INVESTOR] The chief of a global industry group that sets ultra-high definition technology standards said the UHD technology will soon replace high definition technology to become a new norm in the global TV industry. Speaking with Korean reporters in Seoul on Wednesday, UHD Alliance president Hanno Basse said members of the alliance will continue to make concerted efforts to improve the viewing experience of TVs.“It will not take long for UHD TVs to replac
June 16, 2016
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Seoul holds NYC summit for local start-ups
[THE INVESTOR] Korea’s state-run agencies held a conference in New York City on June 15 (local time) to help local start-ups gain foothold in the U.S. Korea’s trade promotion agency KOTRA and Small and Medium Business Administration hosted “Korea Startup Summit NYC 2016” at New York City’s Microsoft Technology Center, inviting 15 promising local start-ups and five start-ups that have already entered the U.S. market. More than 50 investors from major American cities, including New York City, Bost
June 16, 2016
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247 Korea to launch self-defense smartphone case via Kickstarter next month
[THE INVESTOR] Start-up company 247 Korea announced that it would be launching a self-defense smartphone case through crowdfunding site Kickstarter in July. If the launch via Kickstarter is successful, the company plans to pitch its product on Indiegogo, another crowdfunding site, as well. Intended to serve as a means of self-defense, the smartphone case developed and produced by 247 Korea is equipped with a Taser-like stun gun that extends from the case upon the recognition of the user’s finger
June 16, 2016
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AMOLED display to become cheaper than LCD next year
[THE INVESTOR] The price of active-matrix organic light-emitting diodes, or AMOLED, for mobile devices is expected to drop below that of a liquid crystal display, according to market research firm IHS on June 15.A 5.5-inch AMOLED display, currently priced at $34, is expected to become cheaper at $25 to $28. But liquid cystal display, or LCD, prices will remain flat at around $26 to $29 in the first quarter next year, IHS said.Samsung Display’s improved production capacity is one of the biggest c
June 15, 2016