Articles by Park Hyung-ki
Park Hyung-ki
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BOK freezes key interest rate for 12th month
Central bank sees U.S. slowdown, eurozone crisis casting shadow over Korean economyThe Bank of Korea kept its key interest rate unchanged the 12th month in a row, maintaining its cautious monetary policy due to external macroeconomic factors of the eurozone crisis and the U.S. slowdown.The central bank’s monetary policy committee froze the seven-day repurchase rate at 3.25 percent on Friday, unwilling to apply the brakes as it did in the first half of last year, despite stable exports and growth
June 8, 2012
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Telecoms’ backlash against Kakao Voice Talk rolls on
SKT, KT opposed, LG Uplus open to free mobile callsKakao’s controversial free mobile call application is facing growing opposition from Korea’s two telecom giants, SK Telecom and KT, as the venture firm’s new service is expected to hit their bottom lines.Kakao, which is widely known for its Kakao Talk free mobile messenger app, is gearing up to officially launch the next in its line of free mobile services, Voice Talk. Following this announcement three days ago, SK Telecom and KT remain adamant
Technology June 7, 2012
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SKT, KT set milestone record in LTE users
SK Telecom said on Thursday that the number of its long term evolution network subscribers has exceeded 3 million as of early this month since launching the 4G telecommunication service in July last year.Within 11 months, Korea’s biggest mobile carrier has surpassed Japan’s NTT DoCoMo to become the world’s second leading LTE provider after U.S.-based Verizon, it said based on data by Wireless Intelligence.There were 72 companies that provided LTE services in 37 countries as of May, the company n
Technology June 7, 2012
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Galaxy S3 to hit Chinese tech stores
Samsung also plans to release the latest smartphone in Korea, U.S. this monthChinese consumers will be able to get hold of Samsung Electronics’ new flagship smartphone “Galaxy S3” this weekend as Korea’s biggest tech firm secured mobile carrier deals with China’s three telecom giants.Samsung Electronics will offer TD-SCDMA 3G smartphones with China Mobile, CDMA phones with China Telecom and WCDMA with China Unicom, it said in a press release.“We have been closely collaborating with China’s mobil
Technology June 6, 2012
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SK Telecom launches security services for cloud computing
SK Telecom has launched security services for cloud computing servers to guard against hacking and security breaches.The company said that through a strategic partnership with U.S.-based Juniper Networks, it developed a cost-efficient cloud security system, named the “T Cloud Biz.” Infosec, which is part of SK C&C, will operate the system.This the first time a telecom company in Korea has launched such “firewall” services for business-to-business cloud computing that utilize systematic and real-
Technology June 6, 2012
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Research center works to strengthen ‘roots’ of component manufacturing
KPIC chief says mid-level manufacturing should be automatic, clean and easyAbout 25,000 parts are needed to make a single automobile. And almost 90 percent of those parts are developed by small and medium-size enterprises through the delicate craftsmanship, manufacturing process and techniques of molding, casting, plastic working, welding, and heat and surface treatments.The situation is pretty much the same for making mobile handsets and ships in which Korea maintains global competitiveness.The
Industry June 6, 2012
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Mobile carriers, Kakao at odds over free mobile telephony service
Clear guidelines needed before Kakao’s service launch, say carriersTension between Korea’s leading mobile carriers and Kakao Talk, a mobile messenger tech firm, is growing as the latter will introduce a mobile telephone service in the second half of this year.Kakao Talk has begun offering a test version of its mobile Voice over Internet Protocol, named Voice Talk, to over 4 million worldwide users wishing to try its new service either on their iPhones or Android-based smartphones. Voice Talk wil
Technology June 5, 2012
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Carriers upset by free mobile call plan
Experts call for clear guidelines before Kakao launches serviceTension between Korea’s leading mobile carriers and Kakao, a mobile messenger tech firm, is growing as the latter will introduce a mobile telephone service in the latter half of this year.Kakao Talk has begun offering a test version of its mobile Voice over Internet Protocol, named Voice Talk, to over 4 million worldwide users wishing to try its new service either on their iPhones or Android-based smartphones. Voice Talk will be free
Industry June 5, 2012
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Samsung releases multimedia laptop
Samsung Electronics, Korea’s biggest tech manufacturing firm, has released its all-new laptop computer line with high-performance multimedia applications, targeting young consumers.The laptop, named “Series 5 Boost,” in 15-inch and 17-inch display models, is embedded with the latest audio and video software and hardware, the company said on Sunday in a press release.It has audio speaker systems provided by the U.S.-based JBL, with subwoofers that can process low-pitched audio frequencies into hi
Technology June 3, 2012
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LG Display to feature advanced tech in OLED, mobile panels in U.S.
LG Display will exhibit its technology prowess in OLED and mobile panels at the Society for Information Display conference, held at the Boston Convention and Exhibition Center from June 3-8 in the U.S. state of Massachusetts.The Korean display manufacturing giant said that it plans to showcase its 55-inch OLED panel, developed for the first time in the world, which it had originally considered too difficult to construct for large televisions.Using oxide-thin film transistor and four-color pixel
Industry June 3, 2012
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Talks on software pricing expected between Microsoft, Defense Ministry
Two sides are unlikely to settle dispute in court, officials sayKorea’s Ministry of National Defense and Microsoft are expected to engage in talks over the price of software licensing provided by the global software developer following heightening tension between the two sides on the matter.An official with the ministry said that it is currently reviewing an official document sent by MS on May 29, and will seek to negotiate with MS to fine-tune their differences over the price, without giving a
Industry May 31, 2012
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Red Hat to support Korean financial firms’ migration to open-source platforms
Top business-to-business software firm eyes expansion in handling large data setsWhen people generally think of open-source platforms in Korea, Google’s Android immediately comes to mind due to the wide use of smartphones and tablet PCs in the business-to-consumer space.But in the business-to-business world, U.S.-headquartered Red Hat provides the world’s leading open-source operating systems for enterprises’ data-processing servers.Working “behind the scenes,” it’s unknown to the general publi
Technology May 30, 2012
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New SK service unclogs mobile traffic
Gangnam in southern Seoul is one of the busiest districts in the city, and that means slower traffic ― including on mobile phones. Given the Korean trait of always being in a hurry and wanting information quickly, this can be a source of frustration.SK Telecom, the country’s largest telecommunications company, is offering a test-version of multicarrier network services in the district to relieve this problem, which is expected to increase as 4G long term evolution grows.Backed by SK Telecom’s tw
Industry May 30, 2012
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LG Display develops hand-size HD panel for smartphones
Consumers will soon be able to enjoy watching high-resolution content on their mobile devices LG Display, the world’s second-largest display maker, has developed a new five-inch display panel for smartphones.The display giant said Monday that it has for the first time in the world developed the small-sized, full high-definition LCD panel using advanced high performance in-plane switching technology.Measuring the new panel’s density at 440 pixels per inch, the company said the image quality shown
Technology May 28, 2012
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LG-Hitachi to develop sewage water recycling facility in Yeosu complex
LG-Hitachi Water Solutions plans to develop a facility in Yeosu where it can reuse the city’s sewage water as a clean source for the city’s industrial complex.The company said Friday that it has signed a memorandum of understanding with the Yeosu government to invest in the infrastructure, which will be able to treat and recycle 35,000 tons of sewage and cost 45 billion won ($40 million). It did not give any development timeline for the project. However, the reusable water will be supplied to Ye
Industry May 25, 2012
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