Samsung on Wednesday rushed to once again water down Samsung Electronics Chairman Lee Kun-hee’s recent remarks that appeared to be critical of government policies, saying that his comments did not reflect his true intentions. Kim Soon-taek, chief of Samsung’s strategic planning unit, told a weekly CEO meeting that the chairman was “disturbed because what he said was not what he meant.” Kim also sa

Industry March 16, 2011

Developing content will be key to success of new television setsWhat’s the use of having a high-fangled 3D TV or a smart TV if there is nothing to watch? This is a question that 30-year-old bride-to-be Kim Eun-jung keeps asking herself as she shops for appliances ahead of her wedding. Her concerns seem universal, as netizens are busily asking similar questions in online communities about whether t

Technology March 15, 2011

Groupon Korea on Monday punctuated its launch on the Korean market with a monthly sales target of 10 billion won ($880 million) during the first half of this year.The goal falls behind the annual 200 billion won targeted by Ticket Monster, the nation’s top social commerce operator, but Groupon brushed aside concerns, saying its initial goal would be to create a healthy social commerce environment

Industry March 14, 2011

Samsung Electronics chairman Lee Kun-hee is causing a stir with his remarks apparently disparaging the government’s policy performance and castigating a former prime minister’s drive for profit sharing between large and small firms.Asked to assess the Lee Myung-bak administration’s economic policies, he had said on Thursday, “I am not satisfied but still won’t give out a failing mark since the eco

Industry March 11, 2011

LG calls Samsung’s bluff, proposing public demonstrationsLG on Thursday touched off a second round in the ongoing 3-D TV war by challenging Samsung to a public demonstration as tension grew between the two rivals who have been engaged in serious bashing over 3-D technology. “It is our wish to see (our) competition come out for a demonstration," said LG Display’s chief executive Kwon Young-soo in a

Industry March 10, 2011

Technology should be bringing people together closer: Twitter co-founderTechnology, while it often appears to be the driving force behind tidal waves of change capable of forever altering the way we live, is but a tool for enhancing humanity, Biz Stone, the co-founder of Twitter Inc., said on Thursday. “If we are to be a triumph, we are not to be a triumph of technology but a triumph of humanity,” Stone said at a session of the MBN World Economy and Future Forum. “People are basically good, and

Industry March 3, 2011

The Korean corporate sector, despite its rapid industrial success and latest attempts to become a trusted member of the global corporate society, has yet to gain the full trust of global opinion leaders, an executive of PR firm Edelman said. In its annual survey for measuring trust in business, government, NGOs and media in over 20 nations, the company said that opinion leaders across the world le

Industry March 2, 2011

Samsung Group marked its first step into the biopharmaceutical business with the establishment of its joint venture with U.S. drugmaker Quintiles Transnational Corp. The company on Friday said the joint venture will be established during the first half of this year, to be capitalized at 300 billion won ($265.5 million).It will be controlled 90 percent by Samsung Group. Quintiles will hold a 10 per

Industry Feb. 25, 2011

Apple’s MacBook Air expected to be firm’s biggest competitionSamsung Electronics aims to become the world’s sixth-largest player in the mobile PC market by establishing itself as a high-end brand, the company’s executive vice president Nam Seong-woo said Thursday.The electronics maker launched a super-slim laptop computer as a part of its strategy to carve a bigger share out of the high-end market

Technology Feb. 24, 2011

 CAIRO -- A defiant Moammar Gadhafi vowed to fight to his ``last drop of blood'' and roared at supporters to strike back against Libyan protesters to defend his embattled regime Tuesday, signaling an escalation of the crackdown that has thrown the capital into scenes of mayhem, wild shooting and bodies in the streets.This image broadcast on Libyan state television Tuesday shows Libyan leader Moamm

World News Feb. 23, 2011