The Korea Herald

KT chairman offers to resign under pressure

Lee Suk-chae, chairman of Korea’s second-largest mobile carrier, KT Corp., on Sunday expressed his intention to step down from his post on the company’s board of directors. Lee reportedly sent an email to employees of the mobile company that said, “I have made the decision to step down as I don’t want to watch my workers suffer from allegations and prosecutorial investigations anymore.”He also said that, “I will make an effort to help my successor lead the company well by completing all remainin

Industry Nov. 3, 2013

KT chairman offers to resign under pressure

KAIST researcher picked as candidate for ITU-T chairman

The Ministry of Science, ICT and Future Planning said Sunday that it had picked Lee Chae-sub as its candidate for the chairman of the telecommunications standardization division at the International Telecommunication Union, the U.N. agency for information and communication technologies. Lee is currently working as a researcher at Korea Advanced Institute of Science and Technology’s IT Convergence research center and has been the chairman of ITU-T SG13 since 2009. The SG13 is a study group under

Industry Nov. 3, 2013

Samsung rolls out latest Galaxy tablet in Korea

Samsung Electronics said Thursday that it has released its latest tablet Galaxy Note 10.1 2014 edition in Korea.The new Galaxy Note goes on sale from Friday through the nation’s three major mobile carriers SK Telecom, KT and LG Uplus, the world’s largest mobile device maker said.The tablet, boasting a 10.1-inch, 2,560 x 1,600 resolution liquid crystal display, comes with a 2.3 GHz quad-core processor for the LTE model, and a 1.9 GHz octa-core for the Wi-Fi model.Both models run on the Android Je

Technology Oct. 31, 2013

Samsung rolls out latest Galaxy tablet in Korea

LG CNS eyes world’s big data

LG CNS, a local leading IT service firm, said Wednesday that it would beef up collaboration with top IT solutions firms to increase its presence in the global big-data industry. As part of its efforts, the Seoul-based firm signed a memorandum of understanding with MapR Technologies, a leading U.S. Hadoop-based solution and platform developer, on Monday in New York, company officials said. Under the deal, the two solutions firms promised to cooperate on developing big-data solutions and related p

Industry Oct. 30, 2013

LG Chem augments value of the chemicals industry

I would like to thank the judges of the 2013 Korea Herald Advertising Award and officials from The Korea Herald for this honorable award. The advertisement for which LG Chem earned the award started from a question for the future direction of the leading chemical firm in Korea, and for what kind of value the entire chemical industry has.Despite its importance, as it is the foundation of almost all industries, the chemical industry had difficulty in interacting with end users.LG Chem tried to ove

Business Oct. 30, 2013

LG Chem augments value of the chemicals industry

LG Electronics on path to the center of global stage

Our company aims to become the No. 1 electronics maker by 2015 with its G project, one of LG’s ambitious business initiatives. Through the project LG will achieve technological advancement in a variety of categories in businesses such as storage capacity, smartphone technology and design. The first G-labeled products including the air conditioner that features a voice recognition function for the first time in the world, a double-door fridge with the world’s biggest storage capacity, the largest

Business Oct. 30, 2013

LG Electronics on path to the center of global stage

Samsung holds dinner to celebrate 1993 initiative

Samsung Group celebrated the 20th anniversary of the company‘s “New Management Initiative” with a dinner at Shilla Hotel on Monday.In 1993, Samsung Electronics chairman Lee Kun-hee proclaimed the initiative during a tour to European cities including Frankfurt in Germany, calling for the complete reform of Samsung and its employees to become a truly global brand. Around 350 executives of Samsung’s subsidiaries and partners participated in Monday’s event, where Lee discussed the future direction o

Technology Oct. 28, 2013

LG CNS in feud with MS over software license fee

LG CNS, an affiliate of LG Group, has become mired in a licensing dispute with Microsoft. The conflict between the two sides began when Microsoft took issue with its operating system Windows being used on a subway train information system developed by the Korean firm. The Korean ICT firm, which developed an integrated computer system with several subsystems, supplied the end product using Windows to its business partner EPP, an advertisement company, in 2007. The ad firm installed the system at

Technology Oct. 23, 2013

LGE developing Chrome OS devices

LG Electronics is developing digital devices running Google’s Chrome operating system in a move to reinforce its cooperative relations with the world’s largest Internet giant. The Korean company applied on Oct. 4 for patent registration for three Chrome-based devices ― Chromedesk, Chromeone and Chromestation ― according to the Korean Intellectual Property Rights Information Service on Wednesday. The electronics giant firm also applied for the trademarks under the same names in several other coun

Technology Oct. 23, 2013

Growth slows in Korean smartphone market

The growth pace of the domestic smartphone market is slowing dramatically this year, an apparent blow to both telecommunication operators and handset makers. The average on-quarter increase of new smartphone subscriptions until August marked 13.5 million, down from 25.4 million last year, according to the Ministry of Science, ICT and Future Planning and telecom industries.During July and August, the number of new smartphone subscribers stood at 760,000, and is expected to be around 1 million dur

Industry Oct. 20, 2013

Kakao seeks coprosperity with smaller firms: CEO

The way mobile messenger Kakao Talk has changed how people in Korea communicate is undeniable.Many have embraced the messenger service as a new and much cheaper means of dialogue, and the numbers are the proof of its popularity, with 120 million subscribers worldwide and almost 35 million domestic users. Based on this success, Kakao Corp., the operator of the messenger service, appeared to be ready to take the next big step. “We’re seeking higher levels of coprosperity with our partners by utili

Industry Oct. 16, 2013

Kakao seeks coprosperity with smaller firms: CEO

Second Samsung R&D center breaks ground in Silicon Valley

Samsung Research America, a subsidiary of Samsung Electronics, held a groundbreaking ceremony for its new research and development center in Mountain View, California, on Wednesday. Its 8.5-acre campus will have two six-story buildings, which take up approximately 385,000 square feet, and two multistory parking lots. “Our new state-of-the-art R&D center will provide an outstanding environment to support our plans for strategic growth and attracting the very best employees,” said SRA president Da

Industry Oct. 16, 2013

Google engineer vows to improve search

A senior Korean software developer working for Google pledged to help develop a search engine that provides better and accurate results.“We’ll try to develop Google’s search system so that it can become a more advanced computing system to better meet the needs of the users,” said Kim Young-jin, a senior software engineer at the Internet giant, who participated in a developers conference held by Korean Web portal service provider Naver in Seoul on Tuesday. In Korea, Naver is the dominant search e

Industry Oct. 15, 2013

Robots herald brave new world

Sitting at the console of robotic surgery system da Vinci S at the Robot Training Center of Yonsei University Health System, urologist Rha Koon-ho was performing prostate removal surgery.Peering into a viewer showing a 3-D image of the prostate and managing a controller with each hand, Rha remotely maneuvered tiny robotic arms mounted with surgical scissors and a pincer to cut away the prostate. “Performing robot surgery is now like driving a car or playing a video game,” said Rha after wrapping

Industry Oct. 11, 2013

LG expands U.S. sales channels with Best Buy

Best Buy CEO Hubert Joly held a meeting with LG electronics executives late last week to discuss expanding sales channels for LG handsets and its new consumer electronics lineups for the next year in the U.S., sources said on Friday.LG Electronics’ head of Home Entertainment Kwon Hee-won and other top officials were among the participants. “The meeting was about the products that will be introduced in the U.S. market next year,” the sources said. Increasing the sales channels for LG’s latest han

Industry Oct. 11, 2013

Articles by Kim Young-won