Most Popular
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Exports to US reach all-time high, widen gap with China
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Trump rekindles criticism: US forces defending 'wealthy' S. Korea 'free of charge'
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[Music in drama] Rekindle a love that slipped through your fingers
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S. Korea discussed possible participation in AUKUS Pillar 2 with Australia: defense minister
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[New faces of Assembly] Architect behind ‘audacious initiative’ believes in denuclearized North Korea
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On May Day, labor unions blast Yoon's foreign nanny proposal
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Seoul Metro to seek legal action against malicious complaints
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Illit, mired in controversy, remains on Billboard charts for 5th week
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[KH Explains] Will alternative trading platform shake up Korean stock market?
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S. Korea lowers COVID-19 warning level, lifts last-remaining antivirus mandates
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Samsung ordered to compensate local designer for copyrights infringement
Samsung Electronics Co., Korea's electronics giant, has been ordered to compensate a local designer for illegally using the designer's flower pattern creation on its refrigerator models, court records showed Saturday. The Seoul Western District Court recently delivered the order for the
Oct. 29, 2011
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Samsung posts forecast-beating quarterly earnings
But quarterly net income reaches 3.44 trillion won, 23 percent down on-yearSamsung Electronics on Friday posted 41.27 trillion won ($37.35 billion) in sales and 4.25 trillion won in operating profit for the third quarter of this year, a better-than-expected performance on the strength of record-breaking sales of mobile handsets.The world’s top memory chip supplier and second-biggest handset maker also recorded 3.44 trillion won in quarterly net income, representing a 23 percent decrease year-on-
Oct. 28, 2011
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Samsung to introduce flexible displays for mobile handsets in 2012
Samsung Electronics said Friday that it expects to introduce flexible displays for mobile handsets during the first half of 2012.“We’re looking to roll out flexible displays sometime in 2012, hopefully the earlier part rather than the latter,” Robert Yi, vice president of investor relations at Samsung Electronics, said during its quarterly earnings conference call.“We will start with handsets and migrate to tablet PCs and other devices.”Kang Bong-ku, vice president of the firm’s television busin
Oct. 28, 2011
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iPhone 4S gets radio approval
Apple’s latest smartphone iPhone 4S has gotten radio approval in Korea, the National Radio Research Agency said Friday. The radio approval, however, does not necessarily indicate imminent sales of iPhone 4S in Korea. The Apple handset will have to receive approval from the Korea Broadcasting Commission, with the launch date to be decided among local telecom providers. Considering that it took more than a month for the previous model iPhone 4 to be marketed here after radio approval, industry sou
Oct. 28, 2011
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Samsung Electronics Q3 net plunges 23 percent
Samsung Electronics Co., the world's top memory chip supplier and second-biggest handset maker, said Friday that its third-quarter earnings declined 23 percent from one year ago, hurt by a slow recovery in consumer electronics markets worldwide. Net profit reached 3.44 trillion won (US$3.09 billion)
Oct. 28, 2011
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Merck files pigment patent suit against two Korean companies
Merck Patent GmbH, the intellectual property arm of the chemicals and pharmaceutical group, said Thursday it has filed a lawsuit in Korea against CQV Co. and Sungmin Chemicals, claiming the two local firms infringed upon its patents for pigment technology.The Darmstadt, Germany-based company had attempted to resolve the patent issue with CQV after claiming that the Korean firm’s pearl luster pigments used to create unique gold color effects for cosmetics copied its products. Sungmin distributes
Oct. 27, 2011
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POSCO pledges W260 billion for ventures and small firms
POSCO will set up a 260 billion won ($230 million) fund to support shared-growth between large and small companies.The plans were announced at the company’s Idea Marketplace event in Seoul on Thursday.Of the 260 billion won, 160 billion won will be used for profit sharing and 50 billion won will be operated by the Large and Small Business Cooperation Foundation. The fund will also include 30 billion won for supporting establishment of venture companies and 20 billion won to help companies with d
Oct. 27, 2011
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KT tablet targets middle-aged
KT, the nation’s No. 1 telecom services provider, said Thursday that it will launch a new Samsung tablet PC specially designed for middle-aged users, housewives in particular, on Oct. 31. KT has developed the Smart Home Pad with Samsung Electronics and inked an exclusive deal to stock the new Galaxy Tab 8.9 for the next year. “People in their 40s and 50s may have had difficulty using smart devices,” said Seo Yu-yeol, president of home business at KT, in front of about 100 invited housewives. “Sm
Oct. 27, 2011
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GS Caltex finishes polymer plant in China
GS Caltex Co., South Korea’s second-largest refiner, said Thursday that it has completed a polymer compound plant in eastern China that will help the company further tap into the world’s second-largest economy.The plant, located in Suzhou, Jiangsu Province, has begun commercial operations with an annual output of 37,000 tons of polymer compounds, the company said. Polymer compounds are functional plastics widely used for making cars and home appliances.GS Caltex said that global manufacturing fi
Oct. 27, 2011
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Software development plan unveiled
The government announced Thursday that it will build the country’s first meister high school specializing in software and create a software bank as part of its efforts to boost the nation’s competitiveness in the software industry.In a meeting chaired by President Lee Myung-bak, the Ministry of Knowledge Economy unveiled its plan, divided into 11 policy tasks, to establish an ecosystem for the software industry.The announcement takes place after global players like Apple and Google Inc. have bee
Oct. 27, 2011
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Chinese Vice Premier Li meets LG, Kumho chairmen
China’s Vice Premier Li Keqiang met LG Group chairman Koo Bon-moo during Li’s visit to the flagship unit’s research and development campus in southern Seoul on Thursday.Becoming the only company on Li’s list during his two-day visit to Seoul, Li exchanged views with Koo on LG’s high-end IT products, such as the Cinema 3-D television which is among the products gaining popularity in China, according to LG officials.Li also viewed the research facilities for LG’s home appliances, including smart r
Oct. 27, 2011
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Thai flood impact on air travel limited
Thailand’s flood crisis deepened this week as floodwaters advanced into Bangkok, forcing authorities to shut down the capital city’s second-largest airport, but its impact on Korean travelers will likely remain limited, airline officials said Thursday.Major Korean carriers have not seen delays or cancellations of flights due to floods and have not experienced noticeable drops in occupancy rates, officials said, although they have been closely following the Southeast Asian country’s worst natural
Oct. 27, 2011
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Writer Isaacson on Steve Jobs: 'I just listened'
NEW YORK (AP) — Steve Jobs told Walter Isaacson he wanted him to write his biography because he's good at getting people to talk. Jobs, it turns out, didn't need much prodding, secretive as he was about both his private life and the company he founded."I just listened," said Isaacson, whose bo
Oct. 27, 2011
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Samsung donates mobile classroom to S. Africa
Samsung Electronics donated the first solar-powered internet school for use in South Africa on Tuesday.The equipment was handed over to the Nelson Mandela Foundation in Boksburg, located in the northeastern region of the country. The solar-powered Internet school is a mobile classroom created from a shipping container. The classroom can hold up to 21 students at a time, and is features include a 50-inch electronic blackboard, solar-powered laptop computers with wireless internet connection and
Oct. 26, 2011
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Korean firms brace for economic uncertainties
Companies cut costs, postpone investment to secure liquid capitalAs uncertainties over next year’s economic outlook increase, fueled by fluctuating exchange rates and Europe’s financial instability, domestic firms are tightening their purse strings.The executives of the country’s largest shipping firm Hanjin Shipping Co. recently decided to return 10 percent of their annual salaries this year, while Korean Air is taking applications for voluntary redundancy in an effort to cut costs.The country’
Oct. 26, 2011
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Samsung, Ambarella expand partnership in digital camera chips
Samsung Electronics Co. said Wednesday that it began to supply digital camera chips for Ambarella Inc., an image-processing semiconductor company in the U.S., further expanding their cooperation in the foundry business.Samsung’s foundry team started manufacturing Ambarella’s 32-nanometer System on Chips and A7L for high-definition digital cameras, Samsung said in a statement.The company’s foundry business, which fabricates chip designs of other companies that do not have a semiconductor fabricat
Oct. 26, 2011
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SKT to become sole bidder for chipmaker Hynix
Telecom giant may gain upper hand in price negotiations with Hynix creditorsSK Telecom is expected to become the sole bidder for the world’s second biggest computer memory chipmaker Hynix although the bidding process was seemingly deferred twice to trigger competition.According to industry sources, lead manager Credit Suisse has delivered statements on how to take part in Hynix bidding to about 12 large firms, but none of them have yet responded.The outlook for increased competition looks grim s
Oct. 26, 2011
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Gmarket opens virtual fashion store
Gmarket, the nation’s No. 1 online marketplace owned by eBay, opened Wednesday a virtual fashion store at a subway station in central Seoul. Gmarket said it will display fall and winter fashion items via the eight screen doors at Myeongdong Subway Station through Nov. 14.Customers can purchase the products by scanning the Quick Response Code, or QR Code, on the photographs, the company explained. Gmarket said customers can check the complete look of specific items and share reviews of other user
Oct. 26, 2011
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Telecoms to ban wireless access to foreign porn sites
The government and telecom companies have agreed to ban access to foreign pornography via wireless devices such as tablet PCs and smartphones from as early as November, communications authorities said.According to the Korea Communications Commission, the nation’s top three telecom services providers ― KT, SK Telecom and LG Uplus ― are pushing to revise their policy terms to block access to obscene content.“We are preparing a revised policy that contains the measures to block lewd materials. Afte
Oct. 26, 2011
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LG Electronics swings back into the red
LG Electronics posted operating losses of 32 billion won ($29.57 million) in the third quarter, swinging into the red for the first time this year.In its quarterly earnings report, the company said it recorded 12.9 trillion won in sales, a 4 percent decrease from the same period last year, largely due to its sluggish sales of mobile phones.The company posted operating losses of 185.2 billion won and 245.7 billion won in the third and fourth quarters of last year, respectively, but managed to get
Oct. 26, 2011