KT chief vows to lead 5G era

KT Corp., the nation’s telecom giant, vowed Monday to take the lead in the era of 5G technology, saying it is at the forefront of initiatives to commercialize the world’s first network services.“Korea, which boasts the most advanced telecom infrastructure in the world, is now leading the global telecom standardization,” KT chairman and CEO Hwang Chang-gyu said at an event to celebrate the 130th anniversary of the Korean telecom market. KT CEO Hwang Chang-gyu(fifth from left), Choi Sung-joon(four

Sept. 21, 2015

LG Chem seeks Chinese talents for future growth

South Korean battery-maker and chemical firm LG Chem is seeking to attract global talents in China for future growth. LG Chem chief executive Park Jin-soo, chief human resource officer Kim Min-hwan and other top executives recently flew to China to hand-pick new employees at a company recruiting event, named the Business and Campus Tour, held at the Shangri-La Hotel, Beijing over the weekend.LG Chem CEO Park Jin-soo (third from left) and chief human resource officer Kim Min-hwan (first from left

Sept. 20, 2015

[Photo News] Samsung washer gains traction

SAMSUNG WASHER GAINS TRACTION -- Sales of tech giant Samsung Electronics’ latest front-load washer model Bubble Shot Add Wash exceeded 6,000 units on Sunday, 15 days after the product launch on Sept. 1. The washing machine features an extra small door which allows users to put additional laundry in the middle of a wash cycle. (Samsung)SAMSUNG WASHER GAINS TRACTION -- Sales of tech giant Samsung Electronics’ latest front-load washer model Bubble Shot Add Wash exceeded 6,000 units on Sunday, 15 da

Sept. 20, 2015

[Photo News] LG's unibody smartphone

  LG’S UNIBODY SMARTPHONE -- A model poses holding a LG Metal Phone in his hand. The tech giant LG Electronics’ latest mid-range smartphone featuring a unibody metal design, a 5-inch display and 8MP front-facing camera is priced at 399,300 won ($340). (LGE)

Sept. 20, 2015

Samsung denies rumors of merger between heavy industry units

Samsung Engineering and Samsung Heavy Industries on Thursday denied that they were seeking to merge again after last year’s failed attempt. 　“We are not considering a merger plan,” the two companies said in separate regulatory filings. 　The announcements came as their shares rallied after Samsung Heavy president Park Dae-young hinted they could seek to merge again.  Samsung Engineering (Yonhap)　In September last year, Samsung Engineering announced it would merge with Samsung Heavy to enhance its

Sept. 17, 2015

LG Uplus recognized for IoT tech compatibility

LG Uplus, the third-largest mobile carrier in Korea, said Thursday that its Internet of Things technology has been recognized for its compatibility by a global standardization body.The Korean mobile carrier said the firm’s IoT platform has passed interoperability testing organized by oneM2M, which consists of eight global telecom standards institutes including European Telecommunications Standards Institute and Telecommunications Technology Association of Korea.The first oneM2M interoperability

Sept. 17, 2015

[Photo News] Samsung smartwatch to hit shelves

SAMSUNG SMARTWATCH TO HIT SHELVES-- Tech giant Samsung Electronics said Thursday it would receive preorders for the Samsung Gear S2 from Friday in Seoul through the firm‘s online shop. The latest wearable device features a round face and a rotating bezel to control functions. Starting from mobile carrier KT, wireless carriers will also receive preorders from this week.　(Samsung)

Sept. 17, 2015

‘Korea more active than Japan in Southeast Asian tech’

VIP Plaza CEO Tesong Kim (left) speaks about doing business in Southeast Asia at Tech in Asia Tokyo 2015 in Shibuya, Tokyo, last week. (Tech in Asia)TOKYO ― In a region where masses of users are newly armed with smartphones and more spending power, Southeast Asia is a new gold mine for tech enterprises.China’s quickly saturating market for all things tech has pushed Asia-bound start-ups to seek new territory, and global companies like Rakuten, eBay and Rocket Internet are vying over Southeast As

Sept. 16, 2015

KT Music takes on Apple, Google

KT Music, a Korean online music service company and affiliate of mobile carrier KT, has been making efforts to refine its services amid the tough competition in the sector. In its latest move, the company announced Monday that it has beefed up its music service, dubbed Genie, in a bid to grab the upper hand and lure more customers.Models introduce KT Music’s Genie music-streaming service. (KT Music)At a media event for the launch of the new Genie service, the head of the company expressed his co

Sept. 16, 2015

LG Electronics to release new tablet PC this week

South Korea's No. 2 tech giant LG Electronics Inc. said Wednesday it plans to roll out a new tablet PC this week, in line with its latest efforts to shore up its mobile device business facing a slump.The 10.1-inch G Pad II, first introduced at the Internationale Funkausstellung in Germany earlier this month, will come with a 7,400 mAh battery and 2GB of RAM. It holds a data storage capacity of 32GB, but users can also insert a Mirco SD card. (Yonhap)The company released the 8-inch G Pad II last

Sept. 16, 2015

Samsung’s start-up accelerator marks 1st year

Samsung Group’s Daegu Center for Creative Economy and Innovation marked its first anniversary Tuesday. Starting with the Samsung start-up accelerator, the Korean government has opened up a total of 17 creative economy centers over the past year in partnership with top conglomerates with aims to nurture competitive venture firms spanning industries.  Samsung Electronics vice chairman and the group’s heir apparent Lee Jae-yong has also showed affection toward the center as he has led the company’s

Sept. 15, 2015

LG CNS launches joint venture in Uzbekistan

　South Korea’s leading IT solutions developer LG CNS has set up a joint venture with Uzbekistan’s ICT Ministry in the central Asian nation.　The joint venture, named LG CNS Uzbekistan LLC or LG CNS Uzbek, will be focused on developing ICT solutions for the private and public sectors, according to the Korean firm. LG CNS CEO Kim Dae-hoon (fourth from left) poses with Uzbek government officials and executives from UZTELECOM and Unicon in the central Asian nation on Monday. (LG CNS)　The Korean IT co

Sept. 15, 2015

[Photo News] LG pushes for energy business

LG PUSHES FOR ENERGY BUSINESS -- LG Group’s affiliates -- LG Electronics, LG Chem, LG CNS and LG Fuel Cell Systems -- have joined forces to promote overseas their energy products, including LED lights, electric car charging infrastructure and energy storage systems. The conglomerate has set up digital signage displays that show commercials for the affiliates’ energy technologies at the Los Angeles International Airport.(LGE)

Sept. 14, 2015

Samsung, LG continue legal spat over washers

Jo Seong-jin, president of LG Electronics‘ home appliance division. (Yonhap)Tech giants Samsung Electronics and LG Electronics continued their battle in court on Monday over the latter’s alleged sabotage of Samsung’s washers.Samsung filed complaints with the Korean prosecution against Jo Seong-jin, president of LG’s home appliance division, and two LG executives for breaking a total of six washing machines at two SATURN electronics shops in Germany last year and spreading false information imply

Sept. 14, 2015