Samsung, LG, KT, SKT to feature gadgets, up-to-date communications technologiesThe 2011 World Information and Technology Show will take place in southern Seoul for four days beginning Wednesday, putting the focus on the new paradigm of multimedia and display.With the theme “Get IT Smart,” the show has prompted the participation of 500 firms, such as well-known local and overseas electronics makers

Industry May 10, 2011

Korean telecom giant decides to sell its stake in Russian affiliate NTC for $346mKT Corp. said Friday that it posted 5.3 trillion won ($4.88 billion) in sales and 726.3 billion won in operating profit for this first quarter, up 6.1 percent and 61.7 percent, respectively, from a year earlier.In its quarterly report, the country’s biggest fixed-line service operator said the solid performance was mo

Industry May 6, 2011

SK Telecom said Tuesday that it will invest an additional 300 billion won ($280.12 million) in network establishment this year, raising the total sum to 2.3 trillion won, up from 1.8 trillion won last year.This year’s investment portfolio, which amounts to 17.3 percent of expected sales for this year, is the largest amount ever chipped in by the country’s biggest mobile carrier. The company invest

Industry May 3, 2011

Rule to limit access to video games likely hard to enforceThe National Assembly passed a controversial bill to ban teenagers from accessing online games midnight last Friday. But parliament is immediately facing criticism about the measure’s effectiveness. The law goes into effect in November. Critics are raising doubts about effectiveness as user information, such as the age of registered people

Industry May 1, 2011

Two top mobile carriers SK Telecom and KT Corp. said they will release Apple’s iPad 2 in the local market Friday, according to companies’ officials Thursday.KT, which was the first telecom to service Apple’s iPhone in November 2009, said it will release two different models ― one that operates only on the Wi-Fi network and another which runs on Wi-Fi and 3G networks ― beginning at 10 a.m. at its o

Industry April 28, 2011

Hynix Semiconductor Inc., the world’s second-largest computer memory chipmaker, announced Thursday it posted 2.79 trillion won in sales and 323 billion won in operating profit for the first quarter, slightly up from the previous quarter largely due to an increase in shipping.The figures indicate that the total sales and operating profit rose 1.5 percent and 9.9 percent, respectively, in the first

Industry April 28, 2011

By Cho Ji-hyunKorean Air, the country’s largest air carrier, introduced a number of new services on Wednesday, including an upgraded menu on some routes and a new cosmetic skin care set, in a bid to enhance its in-flight services.At a press event in Incheon, the company said it will upgrade the in-flight menu for economy seat passengers beginning in June, serving a healthier meal option -- salmon

Industry April 27, 2011

By Cho Ji-hyunThe government has approved a plan to relax the regulations on cellphone location-based services amid rising public calls for better state privacy protection measures.The Cabinet endorsed Tuesday a revised regulation on protection and use of location information, which aims to give more room and flexibility for location-based service operators. According to the bill, service provider

April 27, 2011

By Cho Ji-hyunLG Electronics announced its comeback Wednesday by getting back into the black, posting 13.15 trillion won ($12.19 billion) in sales and 130 billion won in operating profit for the first quarter of this year.In its quarterly earnings report, the company said total sales maintained a similar level to the same period last year, down 0.4 percent. However, its net loss during the term wa

Industry April 27, 2011