LG Display CEO Han Sang-beom pledged Tuesday that the display firm would create new products through innovative display technology and cooperation with other sectors at an academic conference in Daegu on Tuesday. “Scientists reason and predict based on technology while novelists and comic artists imagine. The future we are dreaming of can come true by harmonizing technology and imagination,” said CEO Han while giving a keynote speech under the title “Display Your Dream: Better Life with Dream Di

Industry Aug. 27, 2013

LG Electronics has launched the sales of its curved OLED TV in Germany, company officials said Sunday. Slated to hold a launching event of the product at the HIFI Profis electronics trade show in Frankfurt on Wednesday, the home appliance maker said it would soon begin selling the product in other European countries.“LG is fully committed to delivering the most advanced OLED TVs to European customers,” said Lee In-kyu, vice president and head of the TV division at LG’s home entertainment company

Industry Aug. 25, 2013

Samsung Electronics topped the global flat-screen TV market by sales in the first half of this year, solidifying its status as the world’s top TV maker for the 30 fiscal quarters since 2006. Samsung recorded a 27.1 percent market share in the flat-panel TV market, followed by its longtime rival LG with 16.3 percent and Japan-based electronics firm Sony with 6.7 percent. Samsung also secured the top spot in the LCD, PDP and 3-D TV markets, marking 25.9 percent, 45.2 percent and 31.4 percent marke

Industry Aug. 25, 2013

TOKYO ― LINE Corp. said Wednesday that it planned to issue an initial public offering once its user base surpassed 300 million worldwide. “LINE would be able to issue the initial public offering when the firm secures a stable number of users, say, over 300 million,” said Hwang In-joon, CFO of NHN, the holding company of LINE Corp.The current number of LINE users stands at 230 million, having grown rapidly in just over two years since its release. He said where the firm would issue the IPOs was “

Industry Aug. 22, 2013

In an aim to change everyday life, three young entrepreneurs jumped into a start-up and recently launched their first product that could possibly do just that.The 3-D multi-touch controller called “Haptix” works similarly to technology in the movie “Minority Report,” in which detectives drag their fingers on a screen, zooming in and out. Haptix turns any flat surface into a control pad, which users can then use to control their computers, TV or any other device.“A change in how we interact with

Industry Aug. 21, 2013

TOKYO ― LINE Corp. on Wednesday said it is out for a larger share of the global mobile messenger market by offering new services that include free video calls.“LINE will not only serve as a communication channel but also play a role as a common language in the world,” said Akira Morikawa, chief executive officer of LINE, an affiliate of NHN, at the “Hello, Friends in Tokyo 2013” conference held in Tokyo this week.LINE currently offers free text messaging, voice calls and group chats both locally

Industry Aug. 21, 2013

A large number of local information, communications and technology companies ― mostly small and mid-sized contractors ― called on the government to help them gain an edge over their foreign counterparts.Science, ICT and Future Planning Minister Choi Mun-kee urged the companies to first secure quality and price competitiveness so they could get more government subsidies. “The government cannot (promote the entry) of companies with substandard quality or price competitiveness,” Choi said, adding t

Industry Aug. 19, 2013

LG Electronics, the world’s third largest smartphone maker, is poised to manufacture 500 prototypes of its new tablets starting in September from its Yantai assembly line in China, sources told The Korea Herald.Based on the prototypes, the company will aim to sell up to a monthly 100,000 units, they said. The current capacity has been set at around 200,000, indicating LG may increase shipments depending on demand. ``It is too early to reveal new tablet plans,'' Na Young-pil from LG Electronics s

Industry Aug. 16, 2013

Speculation about the next generation of iPhones coming in a wider spectrum of colors or in larger sizes is rife online, but it appears that the iPhone 6 will not abandon the legacy of late Steve Jobs to create phones that fit in the palm of the hand. Jobs once said that the 3.5-inch touchscreen was the perfect size for consumers. This may be why the Cupertino-based firm has added just half an inch to its iPhones since Jobs passed away in 2011.Sources close to Apple said whether it be the iPhone

Industry Aug. 15, 2013

Samsung Electronics has been seeking international talent for years in a bid to become global and innovative. Pankaj Agarwal, a manager of Samsung’s future innovation team, is a key talent among its 1,200 workers from around the world helping to drive innovation at the world’s largest tech firm.“Destiny and Samsung brought me to Korea nearly a decade ago after graduating from the Indian Institute of Technology Kanpur in 2004,” Agarwal said. Before joining the world’s largest tech firm in 2006, h

Industry Aug. 14, 2013

Over the past 60 years, Korea has made massive economic progress from the rubble of the 1950-53 Korean War: Its GDP per capita grew from $67 in 1953 to $23,067 in 2012. The economic achievement has been attributed largely to growth of manufacturing businesses and their exports, led mostly by large conglomerates. In the early stages of economic development between 1948 and 1965, textiles, milling and sugar refining ― called the three “white industries” ― were promoted at government level. Then hi

Industry Aug. 13, 2013

Striving to boost the sales of their premium TVs, the world’s top two television makers are competing to slash prices, according to industry and company sources. LG said Sunday it would roll out 55- and 65-inch Ultra-HD TVs priced at 5.9 million won ($5,300) and 8.9 million won, down by 1.5 million won and 2 million won, respectively, compared to its premium lineups. Some features, including a sliding speaker that recedes when the TV is turned off and built-in cameras found in the proceeding pr

Industry Aug. 11, 2013

Though still fledgling, the 3-D printing business is garnering much attention from business and even political circles.U.S. President Barack Obama said 3-D printing had the potential “to revolutionize the way we make almost everything” in his State of the Union speech in February, and his administration has pledged to invest in the cutting-edge industry. Having sensed a promising future for the industry six years ago, a pioneering Korean 3-D printer manufacturer is now aiming to penetrate the wo

Industry Aug. 7, 2013