[Photo News] LG Uplus upgrades IPTV service

　LG UPLUS UPGRADES IPTV SERVICE -- Mobile carrier LG Uplus unveils its “curation TV service,” which assigns video-on-demand on around 500 virtual channels arranged in six groups by genre. The curation TV service, which will be available for LG Uplus IPTV subscribers, also allows users to watch TV programs or films featuring their favorite stars on certain channels. (LG Uplus)

Nov. 5, 2015

LG Twin Wash hits U.S. stores

LG Electronics on Wednesday started selling its new dual-load washing machine, Twin Wash, in the U.S. where the Korean tech giant is the No. 1 washer maker in terms of sales.  Starting at Best Buy this month, the LG washer will hit major retailers such as Home Depot and Lowe’s by the end of this year. The Twin Wash is the industry’s first front-load washing machine that comes attached with an optional smaller washer on the bottom. The dual-load system allows users to wash two loads of laundry si

Nov. 5, 2015

[Herald Interview] CrucialSoft eyes soaring global mobile authentication solution market

The rise of mobile payment in recent years requires device makers and software developers to have hack-proof solutions fitted in their products and services to ensure safe and convenient financial transactions.Pyun Baek-bum, chief executive of CrucialSoft, said that security solutions adopting the FIDO or Fast Identity Online standards, a set of authentication technologies aimed at enhancing interoperability of identification solutions in mobile devices, have a competitive edge over other authen

Nov. 4, 2015

NCSoft to renew focus on mobile games next year

After its earnings during the July-September period nosedived, game developer NCSoft vowed to beef up its global operations, especially in the mobile game segment.Yoon Jae-soo, chief financial officer of the Korean game company, said in a conference call Wednesday that the company would recruit “up to 100” more developers at its mobile game studio in Silicon Valley. NCSoft CEO Kim Taek-jin.The announcement is in line with the company’s initiatives to diversify its business portfolio in order to

Nov. 4, 2015

Nexon seeks spotlight at G-Star game show

This year’s exhibition at the largest game trade show G-Star 2015 to be held in Busan next week will be full of hands-on experiences, according to Korean game developer Nexon on Tuesday. At a media briefing in Seoul for a preview, Nexon said it would unveil a total of 15 new online and mobile games during the event to be held from Thursday through Sunday in the nation’s second-largest city. Lee Jeong-hun, vice president of the game company, delivers a speech at the preview session for the G-Star

Nov. 3, 2015

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

[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

[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

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

[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

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

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

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

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

[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

[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

[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

[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

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