Samsung Electronics’ handset division was ranked No. 23 this year among world’s telecom brands in a report released by London-based brand evaluation consultancy Brand Finance on Wednesday.In a report that announced the top 500 telecom brands around the world, SK Telecom, the country’s leading mobile carrier, was placed in 49th place, followed by KT Corp. at 55th.LG Uplus entered the top 100 in 89t

Industry June 1, 2011

SK Telecom, the country’s top mobile carrier, announced Tuesday it would split its platform division and create a new platform subsidiary, which will be in charge of non-mobile businesses, as early as October.“The company has made the decision to build a new subsidiary to form business operation structures and business cultures that are a good fit to the two separate telecom and platform sectors,”

Industry May 31, 2011

Ticket Monster, the country’s largest social commerce firm, said Tuesday the company would launch its first overseas business in Malaysia in its first step into the market there.Daniel Shin, CEO and co-founder of Ticket Monster, said it recently acquired Everyday.com, which is a leading social shopping site in Malaysia.Malaysia was chosen because Ticket Monster expects the market there to grow sha

Technology May 31, 2011

The average term of a chief executive officer at listed firms was 31 months, data showed on Sunday.It was also found that a single firm reseated its CEO an average of 3.7 times over the past 10 years, according to data released by Chaebul.com, a website that provides information on the country’s conglomerates. The survey was conducted on 992 listed firms.A firm that changed its chief executive in

May 29, 2011

The government is delaying its announcement of a telecom fees discount plan until next week after fierce opposition from political circles early this week.According to the draft plan, prepared following talks between a state taskforce and local telecoms, mobile carriers are to offer 50 more free text messages every month and subscription costs for mobile phone services are to be halved for teenage

May 26, 2011

Samsung Electronics said Wednesday it will send product samples to Apple’s legal team within 30 days after a U.S. court gave the order in a ruling over a patent dispute last week.“We don’t find it difficult to send the samples within the 30-day period since it is not the first time the products are being revealed,” said a Samsung official. “We’re also likely to request samples from Apple since the

Industry May 25, 2011

SK Telecom, the country’s top mobile carrier, said Wednesday it will aggressively enter overseas markets, such as China and Japan, by opening its application store to customers there.SKT’s T-Store content and applications will be sold through a shop-in-shop form within the Mobile Market, which is China Mobile’s application store, beginning in July, its officials said.The company also signed an agr

Industry May 25, 2011

The Korea Communications Commission is considering giving priority to new participants in its upcoming bandwidth auction which is scheduled to be held later this year.Oh Nam-seok, director-general of the radio policy bureau at the KCC, said the commission has opened discussions on possibly offering the upper hand to a non-telecom firm deciding to participate in the first high-stake competition to

Technology May 24, 2011

Research showed Monday that a five-year-old takes in 1.5 times more electromagnetic waves than a 20-year-old.According to research conducted by a team at the Electronics and Telecommunications Research Institute, children’s maximum specific absorption ratio for the waves was much higher than for adults.The maximum SAR for a five-year-old boy was 124 microwatts per kilogram, while the figure was 83

May 23, 2011