The Korea Herald

Samsung to unveil report on alleged leukemia link

Samsung Electronics on Thursday will unveil the results of a reexamination conducted by a U.S.-based consultancy on a recent court ruling that regarded leukemia as an industrial accident that occurred at a Samsung factory. Environ, a consultancy specializing in environmental and health issues, will be introducing the results of the review at Samsung’s Giheung semiconductor plant and respond to que

Industry July 12, 2011

Games firms hoarding ammo for legal fights

Companies strengthen legal teams to better cope with spiraling number of lawsuitsLocal gaming companies ― many of them operators of globally best-selling games ― are gearing up to better defend themselves at court in the face of mounting legal squabbles. On Monday, NCsoft, one of the nation’s top online gaming companies and creator of some of the industry’s hottest games such as Lineage and Guild

Industry July 12, 2011

Games firms hoarding ammo for legal fights

Lee welcomed as victorious Olympian

Samsung Electronics chairman Lee Kun-hee (center) on Monday poses with a bouquet presented by Samsung employees who welcomed him back to work after his trip to South Africa. (Lee Sang-sub/The Korea Herald)Samsung Group owner Lee Kun-hee on Monday was greeted with a warm welcome from Samsung employees for his role in helping PyeongChang City win the bid to host the 2018 Winter Olympics.Around 500 e

Industry July 11, 2011

LG’s Cinema 3-D TV ...certified as full HD

LG Electronics’ Cinema 3-D TV was certified as full HD in 3-D mode by VDE, one of Europe’s largest technical and scientific international associations, the Seoul-based company said on Sunday. “This latest certification proves beyond all doubt that LG’s Cinema 3-D TVs, which already provide the most comfortable 3-D viewing experience, deliver 3-D in full HD,” said Havis Kwon, President and CEO of L

Industry July 10, 2011

Deep-pocketed luxury brands skimpy on ...donations

Louis Vuitton and other global luxury goods makers saw their profits soar in South Korea in the last decade but remained reluctant to make social contributions, their financial statements showed Sunday.Louis Vuitton Korea Ltd., a unit of the world’s largest luxury goods maker LVMH Moet Hennessy Louis Vuitton SA, posted higher net profit growth than any other luxury goods maker in South Korea, acco

Industry July 10, 2011

EU law firms poised to enter Korea

Local practices forced to sharpen edge, but experts say legal fees won’t necessarily fallArmed with money and reputation, major European law firms are eyeing the South Korean market gradually opening up with the EU-FTA that came into effect on July 1. Globally renowned firms such as DLA Piper ― the world’s third-largest law firm ― along with Clifford Chance and Allen & Overy are among those lookin

Industry July 10, 2011

New Hyundai Elevator CEO

Hyundai Elevator on Tuesday elected former Otis Elevator executive Han Sang-ho as chief executive. Han Sang-hoHan, 55, will be serving as CEO alongside Hyun Jeong-eun, the Hyundai Group chairwoman. “To create a leading Korean company that also can be received as a global leader, I will be focusing on promoting ethical management, safety, quality control and securing the right talent,” the new CEO

People July 10, 2011

Samsung Electronics’ Q2 earnings fall 26.1%

Source: Samsung Electronics (Yonhap News)Samsung Electronics on Thursday was on par with market forecasts with the announcement that its tentative second quarter operating profit stood at 3.7 trillion won ($3.4 billion), down 26.1 percent from the previous year.Sales rose 2.93 percent from the second quarter of 2010 to reach 39 trillion won to record a 5.43 percent increase from the first quarter.

Industry July 7, 2011

Samsung Electronics’ Q2 earnings fall 26.1%

SKT, STX bid for Hynix

SK Telecom and STX Group have submitted letters of intent to acquire Hynix Semiconductor.Friday marked the deadline for a sale broker’s receiving LOIs for a 15 percent stake, whose value ranges between 2.34 trillion won ($2.18 billion) between 2.74 trillion won, in the world’s 2nd-largest semiconductor firm.According to industry sources, SK Telecom has the strong willingness that it “would not los

Industry July 7, 2011

Corporate Korea efforts for PyeongChang paid off

The collective effort from the local corporate sector played a pivotal role in giving PyeongChang its long-coveted wish of hosting the 2018 Winter Olympics. ####CaptionIOC member and Samsung Group chief Lee Kun-hee (front) and Bid Committee and Hanjin Group chairman Cho Yang-ho visit the Durban Riverside Hotel on Monday, where the Korean delegation is staying to promote PyeongChang’s bid to host t

Industry July 7, 2011

Corporate Korea efforts for PyeongChang paid off

Koo urges LGE to take the right path

Koo Bon-joon. (Bloomberg)Koo Bon-joon, vice chairman and CEO of LG Electronics, on Wednesday stressed the need for employees to take the “right path,” indicating he would be cracking down on corruption. “We will be dealing strictly with any violation or corruption to set an example,” Koo said in an emailed message.The chief executive lamented that since he created his email account on May 1, askin

July 6, 2011

KT expands campaign for mutual growth with vendors

KT Corp. chairman Lee Seok-chae (third from left) and IT firms’ executives attend a ceremony to vow mutual growth in Seoul on Wednesday. (KT)KT Corp., the nation’s largest fixed-line carrier, on Wednesday offered support and encouragement for its vendors at a forum it held for IT sector executives.KT said it would provide up to 1,000 free patents to its partner firms to help them offer better qual

Industry July 6, 2011

KT expands campaign for mutual growth with vendors

LG Uplus on 4G fast track

Mobile carrier aims for 10 million subscribers to take first place by 2014LG Uplus is out to grab the No. 1 slot in the nation’s telecommunications market with its launch of fourth-generation network services early this month.“This is the new beginning. It will mark the beginning of a new world that will be completely different from yesterday’s world,” Lee Sang-chul, vice chairman and CEO of LG Up

Industry July 5, 2011

SK Telecom’s union leader attempts suicide

The head of SK Telecom’s union on Monday attempted suicide in what appeared to be a protest of the company’s decision to spin off its platform business.The union leader, identified only by his surname Kim, was found in the office of SK Telecom’s headquarters in downtown Seoul at around 4:00 p.m. after attempting to hang himself. Kim was rushed to a nearby hospital to receive treatment. His conditi

Industry July 4, 2011

KT plans Chinese app market entry

KT Corp., the nation’s No. 1 fixed-line service operator, on Monday said it will open its mobile application market in China Mobile’s application store as part of its application-sharing project with China and Japan. Olleh market will be launched as a “shop-in-shop” on July 9, the Seoul-based company said.China Mobile’s application store “Mobile Market” has since last year shown greater than 40-fo

Industry July 4, 2011

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