LG Electronics, the nation’s second-largest handset maker, is set to unveil its new flagship smartphone, the G3, later this month. “We will release the LG G3 at the end of May or at the beginning of June after reviewing the market conditions,” said Yoon Bu-hyun, a vice president of LG Electronics’ mobile communications planning division, at its earnings briefing on Tuesday. “The LG G3 will first be rolled out in the domestic market, then expand globally,” he said. The release date is two months

Industry April 30, 2014

Activities to become a socially responsible company have picked up momentum at SK hynix, the world’s second-largest memory chip maker. Its parent company SK Group adopted happiness as a core corporate value under the campaign of “Happy Management” in 2012. The chipmaker initiated the music program “Orchestra of Dreams” for students of low-income families from the second half of last year. The company supported musical instruments and lessons for 80 children in Icheon and Cheongju regions, where

Industry April 29, 2014

BELEK, Turkey ― Grundig, the leading consumer electronics maker in Turkey, has unveiled its plans to tap the Korean market, heralding a challenge to Samsung Electronics and LG Electronics.Grundig was a German consumer electronics manufacturer, but was acquired by the Turkish Koc Holding group in 2007.The company could launch its products, including liquid crystal display and light-emitting diode TVs, in the Korean market as soon as this year.“We plan to introduce our products to Korean customers

Technology April 27, 2014

U.S. President Barack Obama on Saturday clarified his stance that he would not tackle Samsung Group’s retweets of Obama’s selfie, Samsung Electronics vice chairman Lee Jay-yong said Saturday. “(Obama) said the selfie would not pose any problem,” Lee told reporters after a meeting between Obama and local business leaders in Seoul. The U.S. president was making a two-day visit to Korea on Friday and Saturday.The controversy began when Boston Red Sox player David Ortiz posted a picture with Obama o

Industry April 27, 2014

SHENZHEN ― China’s Huawei Technologies, the world’s second-biggest telecommunications equipment maker, plans to groom its brand to boost its global smartphone sales.“What we need is to build our brand and credibility because Huawei’s smartphone business is still in a very early stage,” Shao Yang, vice president of Huawei’s Consumer Business Group, said Wednesday at the Huawei Global Analyst Summit 2014 in Shenzhen.The company plans to spend $300 million on global marketing in 2014, Shao told Reu

Industry April 24, 2014

LG CNS, a local information technology service provider, said the convergence of fast-advancing technologies would pave the way for a “smart world,” at the company’s annual IT conference in Seoul on Thursday.“The five technologies of smart devices, network connectivity, big data, clouding service and convergence of technology and industry will shape the smart world in the future,” said LG CNS chief executive Kim Dae-hoon in his opening speech.He pointed to the emergence of various smart devices

Industry April 17, 2014

A rocky road stretches ahead for Pantech, the nation’s smallest handset maker that is struggling to stay afloat in a quickly saturating smartphone market. There are now talks of foreign companies such as Micromax seeking a stake in it, but whether this will be a blessing or a curse for the company is still up for debate. As Pantech has confirmed that several overseas companies including Indian handset maker Micromax have shown interest in the investment, concerns are rising about the matchup and

Technology April 16, 2014

The global sales of smartphones, tablets, personal computers and video game consoles are expected to slow down starting this year as consumers are less eager to snatch up new products, according to a recent report published by Deloitte. This year, the worldwide sales of these five items are expected to reach $750 billion, stalling at around $800 billion for the next five years.This compares with the dramatic double-digit growth of the past decade, the report said. By sector, the smartphone marke

Industry April 14, 2014

LG Electronics, the nation’s second-largest television maker, is expected to have the upper hand in the growing organic light-emitting diode television markets with a higher yield rate and better technology than its rivals, according to market analysts. DisplaySearch’s report said curved TVs are projected to hit 6 million units in 2017 in the global market, a sharp increase from 800,000 units this year. Among them, OLED TVs are set to account for 33 percent, or 2 million units, in 2017 with the

Industry April 13, 2014