The Korea Herald

LG V20 first smartphone to be powered by Android 7.0 Nougat

[THE INVESTOR] LG Electronics said on Aug. 1 its new high-end smartphone V20 will come out in September, featuring the Nougat, the latest version of Google’s Android operating system. The V20 is the successor of its V10 phablet that debuted in September last year. LG V10. The successor V20 will become the first smartphone to be powered by Google`s latest Android 7.0 Nougat OS.The phone will become the first model to be powered by the Android 7.0 Nougat, the result of the company’s close relatio

Aug. 1, 2016

LG V20 first smartphone to be powered by Android 7.0 Nougat

Smilegate sets up new platform development unit

[THE INVESTOR] Smilegate, the Korean online game developer best known for its popular shooting game “Crossfire,” said on Aug. 1 it has set up a new platform development unit Smilegate Stove. The new unit is a spin-off from the group’s platform development and game publishing unit Smilegate Megaport that has recently been struggling from slowing profits. The group said the new unit aims to develop a new platform that combines online and mobile games. Smilegate chairman Kwon Hyuk-beom will serve a

Aug. 1, 2016

Hotel Shilla stocks close at record low

[THE INVESTOR] Shares of Hotel Shilla, the hotel unit of Samsung Group, hit a record low on Aug. 1 after its second-quarter earnings fell far below estimates. The price closed at 57,300 won (US$51), down 3.86 percent from the previous trading day. The figure has plunged by more than half from 141,500 won, the lowest price last year. Shilla I’Park Duty Free store in YongsanThe price continued to tumble over the past week since the company reported its April-June earnings on July 22. Its operating

Aug. 1, 2016

NC SOFT to launch ‘Pangya Mobile’ in China through Baidu

[THE INVESTOR] NC SOFT, the nation’s leading online game developer, said on Aug. 1 it will launch the mobile version of its popular golf game “Pangya” in the Chinese market through Baidu Games next year. The plan was unveiled during Baidu Games Energy Night held in Shanghai on July 29. Developed by the company’s affiliate Ntreev Soft, “Pangya” has been launched in some 40 countries globally. The mobile version has been upgraded for better user experience. By Lee Ji-yoon (jylee@heraldcorp.com)

Aug. 1, 2016

NC SOFT to launch ‘Pangya Mobile’ in China through Baidu

Rolls-Royce eyes Korea’s engine maintenance market

[THE INVESTOR] Rolls-Royce, the London-based aircraft engine manufacturer, is eyeing South Korea’s aircraft maintenance, repair and overhaul or MRO service market, with flag carrier Asiana Airlines being cited as the potential partner. According to industry sources on Aug. 1, the company has recently continued talks with local partners for the Korean entry as it is joining the government’s indigenous fighter jet program KFX. Asiana Airlines’ first Airbus A380 that is powered by Rolls-Royce engin

Aug. 1, 2016

Rolls-Royce eyes Korea’s engine maintenance market

LG Uplus’ Q2 profit up 13% on cost cuts

[THE INVESTOR] LG Uplus, the nation’s third-largest telecom carrier, said on Aug. 1 its second-quarter net profit increased 12.8 percent from a year ago largely due to cost-cutting efforts on marketing activities. Net profit was 130.7 billion won (US$117.40 million) for the April-June period. Net profit was also 8.2 percent up to 2.87 trillion won on-year. The company said it benefited from the government’s law revision that bans hefty customer subsidies for their new phone purchases, reducing s

Aug. 1, 2016

Samsung’s parts division supplies iris sensors to Galaxy Note 7

[THE INVESTOR] Samsung Electronics' logic chip and contract making division System LSI has started supplying iris image sensors for the company’s upcoming Galaxy Note 7 that will make its global debut on Aug. 2. Samsung Galaxy Note 7 unpack invitation stresses iris scanner as one of the phone’s key features.The iris scanner allows users to lock or unlock their phones in less than a second. It is considered a faster and more secure way compared to current options such as pattern unlock and finge

Aug. 1, 2016

Samsung’s parts division supplies iris sensors to Galaxy Note 7

Samsung considering LG parts for Galaxy S phones

[THE INVESTOR] Samsung Electronics is continuing talks with LG Innotek, the parts unit of LG Group, to use the company’s “2 metal chip-on film” for its flagship Galaxy S phones, the Chosun Ilbo reported on July 31. Samsung uses chips and display panels from SK hynix and Chinese rivals, but it is rare for the company to use parts from its cross-town rival LG. The 2 metal chip-on film is used for bonding a display screen with the circuit board or the chipset in a smartphone. Because it is more fle

Aug. 1, 2016

Samsung considering LG parts for Galaxy S phones

Samsung SDI expects little impact from battery woes in China

[THE INVESTOR] Samsung SDI, the battery-making unit of Samsung Group, said on July 28 that the company sees little impact from its recent battery woes in China where the government is tightening subsidies for electric vehicles. “It is true that we saw weaker sales in China than planned but most of the market uncertainties will be removed in the latter half of this year,” said a company official during a conference call on July 28. “There is clear demand for high quality batteries among Chinese c

July 28, 2016

Samsung SDI expects little impact from battery woes in China

[URGENT] Court rules journalists, private school officials subject to new antigraft law

[THE INVESTOR] The Constitutional Court on July 28 ruled that it is constitutional to include journalists and private school officials to be subjected to the nation’s new antigraft law on public officials. 　Following the ruling, the new law, more widely called the Kim Young-ran Act, is expected to take effect from Sept. 28 as planned. 　　　

July 28, 2016

[URGENT] Naver Q2 earnings soar 44% on upbeat overseas sales

[THE INVESTOR] South Korean Internet giant Naver on July 28 posted its second-quarter operating profit of 272.7 billion won (US$240 million), up 44 percent from a year ago, largely driven by soaring overseas sales. Revenue soared 26.3 percent to 987.3 billion won. 　　

July 28, 2016

[URGENT] Samsung Electronics posts W8.14tr operating profit in Q2

[THE INVESTOR] Samsung Electronics on July 28 posted its second-quarter profit of 8.14 trillion won (US$7.2 billion), up 18 percent from a year ago. Revenue soared 5 percent to 50.94 trillion won. 　

July 28, 2016

[URGENT] LG Innotek posts W34b operating loss

[THE INVESTOR] LG Innotek, the car parts unit of LG Group, on July 27 posted its second-quarter earnings loss of 34 billion won (US$30 million) in the April-July period. Revenue stood at 1.12 trillion won.

July 27, 2016

[URGENT] Samsung C&T returns to profits in Q2

[THE INVESTOR] Samsung C&T, a construction and trading affiliate of Samsung Group, said on July 27 it posted second-quarter operating profit of 176.81 billion won (US$158.88 million), reversing a loss from the previous quarter. The company reported sales of 7.05 trillion won, up 8.7 percent on-quarter, and the net profit was at 134.58 billion won, the company said in a regulatory filing on July 27.

July 27, 2016

SK hynix to beef up 3-D NAND production

[THE INVESTOR] SK hynix said on July 26 plans to elevate its production capacity of 3-D NAND flash chips, used for long-term storage in smartphones and computers, to some 30,000 units by the end of this year. “We will focus on producing 36-layer (NAND) chips in the third quarter and beef up production of 48-layer chips from the fourth quarter,” the company said during a conference call. The world’s second-largest memory chipmaker after Samsung Electronics posted a second-quarter operating profit

July 26, 2016

Articles by Lee Ji-yoon