The Korea Herald

Lee’s leadership, innovative thinking behind Samsung’s 25 years of growth

IndustryNov 21, 2012

Chairman marks 25 years as head of Samsung, which has grown to be a leading global conglomerate
[Newsmaker] Dong-A Pharm owner in disgrace over probes

IndustryNov 21, 2012

Kang Shin-ho, chairman of the nation’s top pharmaceutical company Dong-A Pharmaceutical, is being hit with a barrage of criticism over scandals that have hit him and his company.The most recent charge against the company is that it sought to create slush funds worth tens of billions won by purchasing gift cards ― a type of prepaid card ― and reselling them for cash. The prosecution is investigating allegations that Dong-A created the funds to offer kickbacks to local hospitals. The pharmaceutica
Hana Bank to raise funds by collecting used cell phones

IndustryNov 21, 2012

Hana Bank kicked off on Monday a fundraising event to help out children in impoverished Asian nations by collecting used cell phones. Hana accumulates 1,000 won every time someone donates a used cell phone to the bank. It plans to raise more funds by selling rare metals found in the phones. The raised fund will be used to support children and schools in Asian countries including Vietnam, Myanmar and Mongolia. “It can also support the low-income class as new jobs are created in the process of dis
ZTE sees Korean market test bed for global match

TechnologyNov 21, 2012

Chinese smartphone titan plays ‘crouching tiger’ strategy in Korea
Big-box retailers take on Internet

TechnologyNov 21, 2012

Big-box retailers are confronting their Internet competition head-on this holiday season.As the peak shopping period kicks off this week, Target and Best Buy will be leading the charge against Amazon and other Internet rivals by matching prices that shoppers find online.“The holiday is evolving,” said Marshal Cohen, chief industry analyst at NPD Group. “It’s a paramount issue and retailers had to respond.”The first-time offer is a reaction to the practice known as “showrooming,” in which consume
Samsung’s smartphone shipments forecast to top 60m in Q4

TechnologyNov 21, 2012

HONG KONG (Yonhap News) ― Samsung Electronics Co.’s smartphone shipments will likely exceed 60 million units in the fourth quarter of this year, proving its prowess in the world’s mobile phone market despite its ongoing patent war with Apple Inc., an investment bank said Wednesday.UBS estimated that Samsung Electronics will sell 61.5 million units of smartphones in the October-December period, up 5 percent from an estimated 58 million in the previous quarter. The number could reach as high as 63
SK Hynix profits from Samsung-Apple spat

IndustryNov 21, 2012

Chipmaker becomes essential for Apple seeking to diversify suppliers
Samsung pulls controversial ‘puppy abuse’ video

TechnologyNov 21, 2012

IT giant Samsung Electronics is in hot water after it depicted people beating puppy-shaped computers in a controversial online video clip.Samsung posted a promotional video titled “Don’t Give Up On Puppy Love” on YouTube for its latest solid-state storage “840” series.The video portrayed computers as puppies with imaginary ears, eyes and mouth. In the video, owners of these “puppy” computers beat them with a shoe, throw them off a cliff or shoot them with a bow and arrow when the computers get s
Poll: Entrepreneurs may have better health

Nov 21, 2012

U.S. entrepreneurs are less likely to report chronic health problems such as high cholesterol, high blood pressure or diabetes, a survey indicates. The findings are based on more than 273,175 interviews conducted Jan. 2, 2011, to Sept. 30, 2012, with U.S. adults as a part of the Gallup-Healthways Well-Being Index. Gallup classified 6,896 of these respondents as entrepreneurs if they self-identified themselves as both self-employed and as a business owner.Entrepreneurs report better health habits
SSD is expected to be more popular next year

TechnologyNov 21, 2012

The next-generation storage device, solid-state drive, or SSD, is expected to become more popular next year thanks to its rapidly falling price, a report said.The report by iSuppli, a U.S.-based market researcher, said the global SSD sales volume in the third quarter of 2012 reached 15.5 million units, a 137 percent increase from the same period last year.SSDs have better stability and speed compared to conventional hard disk drives. Since these specifications are most important for storage devi
Facebook users going to secure connections

TechnologyNov 21, 2012

Facebook says it is moving all users to secure HTTPS browser connections to help block attacks over WiFi networks.HTTPS, a secure version of the Hypertext Transfer Protocol with which browsers connect with websites, encrypts data as it is transferred, making it harder to see for potential attackers on the same wireless network.First adopted by financial institutions and on-line shopping sites, HTTPS is becoming widespread among Web services, PC World reported.Facebook offered HTTPS as an option
HP says acquired company lied about finances

IndustryNov 20, 2012

NEW YORK (AP) -- Hewlett-Packard Co. said Tuesday that a British company it bought for $10 billion last year lied about its finances, resulting in a massive write-down of the value of the business.HP is avoiding calling it a fraud, but it said there were ``serious accounting improprieties, disclosure failures and outright misrepresentations at Autonomy Corporation PLC.''HP is taking an $8.8 billion charge in its latest quarter to align the accounting value of Autonomy with its real value. It sai
Donga Pharmaceutical under probe for slush fund

IndustryNov 20, 2012

The Seoul prosecution service said Tuesday that it was investigating allegations that South Korea's largest drug manufacturer, Donga Pharmaceutical Co., has created slush funds by buying and selling gift cards.Donga Pharmaceutical is suspected of buying tens of million dollars of gift cards by corporate credit cards and resold them to secure cash, prosecution officials said.A gift card is exchanged for cash at a discount at the local black markets.Prosecutors said they were trying to find out th
Samsung gets second bite at Apple ITC case

IndustryNov 20, 2012

U.S. trade commission to review Samsung’s patent infringement claim ‘in its entirety’
Daewoo wins $239.9 mln deal from Saudi Arabia

IndustryNov 20, 2012

Daewoo Engineering & Construction Co., a major South Korean shipbuilder, said Tuesday that it has won a $239.9 million deal to build industrial tank farms in Saudi Arabia.Under the deal with Sadara Chemical Co., Daewoo E&C will construct chemical storage tanks and other facilities for Saudi Arabia's new tank farms at the Jubail petrochemicals complex on the Persian Gulf coast, the company said in a filing.Sadara Chemical is a joint venture between Saudi Aramco and Dow Chemical Co. of the United