Korean Air Lines Co., South Korea’s top air carrier, said Thursday it has introduced an Airbus A380 passenger jet, raising its superjumbo fleet to six.The world’s biggest passenger plane arrived at Incheon International Airport, South Korea’s main gateway, located west of Seoul, on Tuesday. It is set to enter service on Saturday, Korean Air said, without elaborating on its first destination.Currently, the air carrier deploys A380s on long-haul routes to New York, Los Angeles and Paris as well as

SK Telecom Co. on Thursday projected the number of its long-term evolution subscribers to grow two-fold next year on the back of solid demand for fourth-generation connectivity.LTE subscriptions are likely to reach 14 million in 2013, nearly doubling from the current 7 million level, the country’s top mobile carrier said in a press release.The projection comes amid a surge in LTE subscriptions. SK Telecom recently saw LTE subscriptions hit the 7-million mark, 17 months after it commercialized th

The number of smart device users in their 50s and 60s rapidly increased in 2012 from last year, data showed Thursday.According to research by the Korea Communications Commission and the Korea Internet Security Agency conducted between July 1 and Sept. 15 on some 73,000 participants, the number of owners of smart devices in their 50s increased nearly fivefold in just one year, from 9.5 percent in 2011 to 46.8 percent in 2012. Smart-device users in their 60s steeply increased over the same period

Mercedes-Benz Korea said Thursday that it will build a parts distribution center in Anseong, Gyeonggi Province, with operation expected to start in June 2014. The Korean unit of the German premium carmaker said it plans to invest a total of 52 billion won ($48 million) into the new facility that will be located on a 18,300-square-meter site in the city, about 77 kilometers south of Seoul. As the parts center is expected to handle some 35,000 car parts, the company said the time required for car

The local patent fight between Samsung Display and LG Display is escalating after Samsung’s filing of a lawsuit against its rival was discovered earlier this week.LG Display said on Thursday that it will protest against Samsung’s move to file a suit against the firm on Dec. 7 for infringing on its liquid-crystal display patents.“LG Display has led the development of the In-Plane Switching technology display technology ever since the beginning, which is why we find it difficult to understand the

Korean Air Lines Co., South Korea’s top air carrier, said Thursday it has introduced an Airbus A380 passenger jet, raising its superjumbo fleet to six.The world’s biggest passenger plane arrived at Incheon International Airport, South Korea’s main gateway, located west of Seoul, on Tuesday. It is set to enter service on Saturday, Korean Air said, without elaborating on its first destination.Currently, the air carrier deploys A380s on long-haul routes to New York, Los Angeles and Paris as well as

South Korean securities companies are struggling to draw up emergency plans to boost profitability amid a protracted economic slump, industry sources said Thursday.Aside from reducing workers or streamlining businesses, major brokerages are pushing for such measures as providing specialized wealth management services for big-pocketed clients and promoting differentiated strategies to tap new profit sources. No. 1 player Samsung Securities Co. has set up a task force to provide exclusive manageme

HONG KONG (Yonhap News) ― South Korean home shopping channel CJ O Shopping Co. will perform stronger next year on increasing overseas sales in China and other nations, investment bank Nomura Group said Thursday.Selecting the TV shopping channel operator as a top pick in the South Korean retail sector, Nomura said CJ O Shopping has secured a solid base to grow overseas, despite some domestic hurdles including fees to be paid to cable television system operators.“We expect a significant decline in

BRUSSELS, (AFP) --Much-needed rescue funds for Athens "will be flowing to Greece as early as next week," the head of the Eurogroup Jean-Claude Juncker said on Thursday.Juncker spoke at a news conference after finance ministers of the 17-nation eurozone agreed to release a first 34.3 billion euros of aid to Greece, part of a rescue package held up for months due to worries over economic reform delays.