Google Korea’s managing director Yeum Dong-hoon, who has led the Internet giant’s Korean branch for seven years, will resign late this month, according to news reports. “Yeum has decided to step down this month, and Google is currently looking for his successor,” an official from the company was quoted as saying.The new manager could be picked among the existing members or come from outside the company, he added. It is said that the outgoing managing director had recently made the decision to ta

Industry Aug. 7, 2013

Samsung announced Tuesday that it would roll out the world’s first 3-D vertical NAND flash memory this month, claiming that the technology would end memory scaling problems.While the firm declined to comment, industry watchers predicted that Samsung would be applying its 3-D flash memory to its devices by as early as the end of this year. “Samsung will continue to keep the current 2-D flash memory production lines in operation for a while, but will eventually replace them with those for the 3-D

Industry Aug. 6, 2013

Samsung Group named Park Choong-heum, executive vice president of Samsung Engineering, to head the company after sacking Park Ki-seok for a recent water-tank blast incident, officials said.Three workers were killed and more than 12 people were injured when a 1,400-ton water tank burst at a Samsung Fine Chemicals plant last Friday.The exact cause of the accident is being investigated. (wone0102@heraldcorp.com)

Industry Aug. 1, 2013

Domestic TV manufactures could not help but express their deep frustration over the government’s lackluster posture on adopting new TV technology. Korea Communications Commission chief Lee Kyeong-jae reiterated Wednesday that it was too early to adopt the ultra high-definition technology in Korea. “The government will not rush to introduce the ultra high-definition broadcasting system,” said commissioner Lee a day after he came back from a week-long trip to the United States where he met Jessica

Industry July 31, 2013

NHN, the operator of Korea’s most popular search portal Naver, bowed to mounting public criticism Monday, saying it would seek co-prosperity with small and medium-sized market players.Speaking at a news conference, CEO Kim Sang-hun announced a road map to pave the way for a “fair” Internet business environment.“In recent days, we have pondered over what we have been missing and what we need to accept,” said CEO Kim, adding “Naver will do its utmost to cooperate and communicate with partners. Set

Industry July 29, 2013

Samsung Electronics new Galaxy S4, which uses Long Term Evolution-Advanced technology, has reinforced its lead in the market. Released in June, the latest in Samsung’s Galaxy series is the first phone in the world to allow users to experience the world’s fastest mobile Internet services. The release of the Galaxy S4 LTE-A reflects the world’s largest mobile phone maker’s position at the forefront of the smartphone market, and particularly in LTE models. It unveiled the Craft, the world’s first L

Industry July 24, 2013

LG Display, the world’s top liquid crystal display maker, said that it would invest more in installing production lines for organic light-emitting diode panels, signaling a challenge to its biggest competitor Samsung Display. At a meeting with reporters at the firm’s industrial complex in Paju on Monday, LG Display CEO Han Sang-beom said the firm would reinforce its OLED business, hinting that the firm was pondering the addition of OLED production lines at LCD factories now under construction in

Industry July 23, 2013

The mayor of Lyon on Friday expressed his hope for his French city and the Korean business community to enhance their business and cultural ties based on their respective areas of strength. “Lyon, which maintains its historical and cultural heritage, can be playing a key role in helping the Korean economy achieve innovation and success,” said Mayor of Lyon Gerald Collomb who concurrently holds the post of Senator. He was speaking at a forum organized by the French-Korean Chamber of Commerce and

Industry July 19, 2013

Samsung Electronics, the world’s largest chipmaker, showcased its new solid state drive lineup Thursday, proclaiming the beginning of the terabyte era in the SSD market. “After accelerating the growth of the SSD market with last year’s launch of entry-level, high-performance SSDs, we are introducing much faster SSDs with up to 1TB capacities, offering consumers a wider range of choices,” said Jun Young-hyun, executive vice president at Samsung’s memory sales and marketing department. “Samsung co

Industry July 18, 2013