[Photo News] LG runs campaign for environment with UNESCO

LG’S UNESCO CAMPAIGN -- Participants of the 2015 United Nations Climate Change Conference COP21 watch LG Electronics’ organic light-emitting display TV featuring royal penguins on Macquarie Island, Australia. The South Korean tech giant ran a campaign with UNESCO to raise awareness of natural assets and endangered species at the conference held from Nov. 30 to Friday.(LGE)

Dec. 12, 2015

Samsung’s top execs to meet next week

Samsung Electronics said Friday it will hold a global strategy conference with its top executives from regional branches overseas and business unit heads in Korea next week under the theme of “businesses in a low-growth era.” The company’s vice chairman Lee Jae-yong and three chief executives ― Kwon Oh-hyun, Yoon Boo-keun and Shin Jong-kyun ― will join the conference, which is regularly held twice a year.Attention is being paid to whether the top Samsung executives in the conference would discus

Dec. 12, 2015

Top LG executive acquitted of vandalizing Samsung washers

The Seoul Central District Court on Friday acquitted LG Electronics’ home appliance and air solutions CEO Jo Seong-jin and his two aides on charges of wrecking washers of rival company Samsung Electronics, citing a lack of evidence.Samsung filed lawsuits earlier this year against Jo and a top executive for damaging its washing machines at the SATURN Berlin Europa-Center and SATURN Berlin Steglitz in Germany during the IFA trade show in September last year. Another public relations executive was

Dec. 12, 2015

LG CNS CEO stresses pragmatic management

LG CNS president and CEO Kim Young-sub stressed pragmatic approach at work for better communication and efficiency in his inauguration message to employees Thursday. Kim, former senior vice president at LG Uplus, took office as new CEO of LG CNS, the IT solutions unit, last month. Prior to working at LG Uplus, he had served diverse positions at LG CNS, including chief financial officer, for 11 years. “It is great to come back,” he said. “I also feel heavy responsibility about my new task.” He as

Dec. 10, 2015

[Photo News] SKT opens lab for virtual reality

SKT OPENS LAB FOR VR -- SK Telecom launched a research and development center Thursday for virtual reality technology called the OpenNFV Lab together with network equipment firm Hewlett Packard Enterprise in Bundang, Gyeonggi Province. In the photo, Park Jin-hyo (fifth from left), head of SKT’s network technology research and development center, poses with officials from both firms at the opening ceremony of the lab.(SKT)

Dec. 10, 2015

[Photo News] Samsung UHD TV sweeps award

SAMSUNG UHD TV SWEEPS AWARD -- Samsung Electronics’ ultrahigh-definition TV lineup, the JS9500, has received the Best of What’s New award, the tech giant said Thursday. U.S. science magazine Popular Science picks the greatest innovations every year in different industrial categories including aerospace, auto and entertainment for the accolade. (Samsung Electronics) SAMSUNG UHD TV SWEEPS AWARD -- Samsung Electronics’ ultrahigh-definition TV lineup, the JS9500, has received the Best of What’s New

Dec. 10, 2015

SKT continues drive for smart city project in Busan

Busan’s posh seaside district of Haeundae is getting a hi-tech makeover, with smart streetlamps, GPS trackers for kids, smart parking solutions and traffic lights, and smart energy controllers for buildings and shops. The transformation is being led by Korea’s mobile network operator SK Telecom, which is set to showcase its smart-city technologies and services already up and running in the southern port city on Friday.  Busan city government staffers work at a smart search center for missing chi

Dec. 10, 2015

Apple Korea under antitrust investigation

South Korea’s Fair Trade Commission said Wednesday it is investigating whether Apple Korea, the local unit of the Cupertino, California-based iPhone maker, had wielded undue influence over the repair policy of local service centers.  Apple`s logo. (Yonhap)The latest probe came after six service firms ― all authorized by Apple ― recently revised their unfair repair policy following the recommendation of the antitrust watchdog. “We have found unfair business contracts between Apple Korea and its a

Dec. 9, 2015

Samsung makes big automotive push

Samsung Electronics on Wednesday announced it will set up a new team specializing in automotive parts to speed up its expansion into the lucrative market in an era of electric mobility. The plans were announced as part of the Korean tech giant’s annual business reshuffle that aims, among other things, to secure new growth engine businesses while restoring profitability in existing device sales. Park Jong-hwan, senior vice president and head of chip card and microcontrollers team, will lead the n

Dec. 9, 2015

NCSoft to spend W60b on dividends

Online game developer NCSoft plans to spend a whopping 60 billion won ($51 million) for dividend payouts to shareholders.The company said in its regulatory filing Wednesday that it would pay its shareholders a cash dividend of 2,747 won per share, which amounts to 60 billion won. Around 219 million shares are eligible for dividend payment. Kim Taek-jin, CEO of NCSoft, speaks on the firm`s plan for mobile games next year in Seoul on Wednesday. (Yonhap)The firm’s dividend payout this year is 12 pe

Dec. 9, 2015

Korea faces wave of Chinese tech titans

In the global tech scene, Chinese upstarts armed with price competitiveness and aggressive marketing are a growing force, often posing a challenge to the traditional, bigger and more technologically advanced players. And in their push to go global, these companies are not shying away from Korea, the home turf of Samsung and LG. Xiaomi, the Chinese smartphone-maker often mocked as a copycat of U.S.-based Apple, has recently joined hands with Qualcomm to share patented mobile network technologies,

Dec. 9, 2015

[Photo News] SKT, Nokia to develop LTE tech for objects

COMMUNICATION BETWEEN OBJECTS -- SK Telecom said Wednesday that it has signed a memorandum of understanding with network equipment maker Nokia to jointly research and develop a network technology, called the narrow band Long-Term Evolution, which allows low power machine-to-machine communication. (SKT) COMMUNICATION BETWEEN OBJECTS -- SK Telecom said Wednesday that it has signed a memorandum of understanding with network equipment maker Nokia to jointly research and develop a network technology,

Dec. 9, 2015

Samsung heir honors high-achieving executives

Samsung Group on Tuesday honored 12 Korean and foreign executives who showed the highest achievements among its 400,000 employees over the past year.  The award ceremony for the annual “Samsung Award of Honor” was held at the headquarters in Seoul, with some 350 people in attendance, including the recipients, their families and other Samsung executives and employees. Samsung Electronics vice chairman and the group’s heir apparent Lee Jae-yong also joined the event to celebrate.  Seven executives

Dec. 8, 2015

Huawei Korea chief ‘upbeat’ about business outlook

Chinese network equipment firm Huawei launched its budget smartphone, dubbed the X3, in Korea more than a year ago, but has struggled to secure customers in a market dominated by Samsung, Apple and LG.Huawei Korea chief executive Kelvin Ding, however, is “not disappointed.” At a press conference in Seoul on Tuesday, he stressed that the company was “doing great in other sectors,” in particular, in its strategic focus segment of the business-to-business market. “Our main focus is the B2B segment,

Dec. 8, 2015

[Photo News] Samsung expands mobile payment system

EXPANDING MOBILE PAYMENT SYSTEM -- Samsung Electronics said Tuesday that rechargeable public transportation cards T-Money and Cashbee are now available on its mobile payment solution Samsung Pay. (Samsung Electronics)

Dec. 8, 2015

SKT's IoT business gains steam in China

As part of its Internet of Things drive in China, SK Telecom, the nation’s largest telecommunications company, has formed a partnership with WASU Digital TV Media Group, one of China’s largest media businesses Monday, aimed at developing smart devices and conducting joint marketing activities for smart robots and video projectors, the company said in a press release. WASU operates media platforms for mobile and traditional paid-TV services. The state-run Chinese firm has around 1.5 billion subsc

Dec. 7, 2015