The Korea Herald

Apple wants 4 more Samsung products added to suit

IndustrySept 1, 2012

An Apple Inc. iPhone 4S smartphone (left) and a Samsung Electronics Co. Galaxy S III smartphone are arranged for a photograph in Seoul. (Bloomberg)SAN JOSE, California (AP) _ Fresh off its court victory over Samsung Electronics Co., iPhone maker Apple Inc. is asking a federal court to add four more of its rival's products to the list of patent-infringing products.Apple filed documents in San Jose
S. Korea's Aug. trade surplus narrows on falling exports

Sept 1, 2012

South Korea's trade surplus shrank in August from a month earlier as exports fell largely due to jittery external conditions and bad weather, the government said Saturday. The country's trade balance came to $2.04 billion in the black last month, compared with a surplus of $2.75 billion in July, according to the Ministry of Knowledge Economy. Exports dipped 6.2 percent on-year to $42.9 billion, wi
LG, Samsung show strength in appliances

IndustryAug 31, 2012

BERLIN ― Stepping into an LG Electronics’ exhibition booth at Internationale Funkausstellung, visitors will notice that it is all about the latest high-tech television, especially with more than 120 LED 3-D displays put together into one giant TV at the entrance.With the theme “Above and Beyond,” featuring countless consumer TVs filling its 2,657 square meter booth, Lee Ssang-soo, vice president of TV product planning for LG began the media tour by saying that its main focus of this event is OLE
Shares end little changed on Fed disappointment

Aug 31, 2012

South Korean stocks closed nearly flat Friday as investors stayed on the sidelines on jitters over a U.S.-led economic boost amid lack of market momentum, analysts said. The local currency lost ground against the U.S. dollar. After bobbing in and out of negative territory, the benchmark Korea Composite Stock Price Index shed 1.18 points or 0.06 percent to finish at 1,905.20. Trading volume was heavy at 639.1 million shares worth 4.39 trillion won ($3.87 billion) with gainers outpacing losers 420
Citibank Korea picked as best commercial bank

Aug 31, 2012

Citibank Korea was awarded Best Foreign Commercial Bank from Hong Kong-based magazine Finance Asia last month. This is the fifth consecutive year Citibank has won this award. Finance Asia is one of the Asia’s leading monthly financial magazines. It announces the best banks in different Asian countries every year through Country Awards. The magazine commented that Citi Korea introduced an innovative service enhancing foreign exchange cash management capability to clear payment on the same day and
Diagio Korea undergoes tax investigation

IndustryAug 31, 2012

The nation’s tax agency has launched a tax probe into Diagio Korea, the local unit of the world’s No.1 distiller.The National Tax Service sent investigators to the company’s main office in Yeoksam-dong, southern Seoul on Thursday, according to industry sources.It is not known whether the NTS’s probe is about possible tax evasion or price-fixing of the distributor of Johnny Walker and Windsor whiskies. Yonhap News quoted an unnamed Diagio official as saying that it is a regular tax inspection as
Ford CEO pins high hopes on Korea-U.S. FTA

IndustryAug 31, 2012

Ford president and CEO Alan Mulally on Friday in Seoul expressed his high expectations for expanding Ford’s presence in the Korean market, benefiting from the free trade agreement between Korea and the U.S. that took effect on Aug. 1 last year. He arrived in Korea after a three-day tour in China where he attended a groundbreaking ceremony for Ford’s new $760 million assembly plant in the Chinese eastern city of Hangzhou. It was the first time a Ford CEO visited Korea since the Dearborn, Michigan
KAI sale fails to draw enough bidders

IndustryAug 31, 2012

The sale of the state-run Korea Aerospace Industries is expected to be further delayed as its first public bidding failed to attract bidders other than Korean Air until the deadline at 3 p.m. Friday. The leading flag carrier had submitted its letter of intent to acquire the nation’s only aircraft maker but its sole participation could not meet the legal conditions for a valid competition to continue the bidding process. “We will discuss future plans including the schedule for the next bidding in
Kolon to file motion against ban on sales of body-armor fiber

IndustryAug 31, 2012

DuPont Co., the inventor of Kevlar, won a ruling barring Kolon Industries Inc. from selling a competing version of the product used in protective clothing for police and the military for the next 20 years.U.S. District Judge Robert Payne in Richmond, Virginia, today barred Kolon from selling products in the U.S. made with its para-aramid fiber after a jury found last year that the Korean manufacturer stole trade secrets relating to the Kevlar fiber and should pay more than $919 million in damage
Samsung to roll out premium OLED in Q4

IndustryAug 31, 2012

BERLIN ― Samsung Electronics, Korea’s largest consumer electronics company, plans to begin mass producing next-generation organic light-emitting diode televisions in the fourth quarter of this year.This is part of its plan to maintain the top position in the global TV industry, Yoon Boo-keun, president of the company’s consumer electronics division, said during a dinner with the Korean press Thursday.The Korean tech giant has been the top TV producer over the past seven years. OLEDs are expected
Samsung wins over Apple in Japan case

TechnologyAug 31, 2012

Tokyo court rules Samsung did not infringe on Apple invention for synchronizing music and video data with serversA Tokyo court ruled on Friday in favor of Samsung Electronics, saying the Korean company did not infringe on an Apple patent related to transferring media content from computers to smartphones and tablets.The ruling is the latest in a global court battle between the two tech behemoths over patents used in mobile devices after the U.S. crucial ruling last week that dealt a blow to Sams
Merck awards 18 for tech contributions

Aug 31, 2012

Merck Advanced Technologies, the Korean affiliate of Germany-based chemical and pharmaceutical company Merck KGaA, announced Thursday the winners of its “Merck Award” and “Merck Young Scientist Award” during the 2012 International Meeting of Information at Daegu EXCO. The 18 winners for the Merck Award included a team composed of Hyun Woo-jin of KAIST and three other scientists with the entry “Solution-Processible Corrugated Structure and Scattering Layer for Enhanced Light Extraction from Organ
Intra-group trading grows further

IndustryAug 31, 2012

Transactions among affiliated companies of the nation’s major business groups have increased again this year, with most of the deals being made without fair competition, the state-run antitrust watchdog said Thursday. The Fair Trade Commission said it would toughen surveillance on whether any unfair favors were given to their subsidiaries, especially in system integration, logistics and advertising sectors. According to the FTC report, the nation’s 46 conglomerates 1,407 trillion won ($1,240 bil
Samsung wins over Apple in Japan patent ruling

TechnologyAug 31, 2012

A Japanese court on Friday found Apple Inc.‘s patent infringement claim on Samsung Electronics Co. invalid, giving an upper hand to the South Korean company that suffered a crushing defeat in a U.S. jury verdict delivered last week.In a preliminary session, the Tokyo District Court ruled Samsung didn’t infringe on Apple‘s technology on transferring media contents from computers to smartphones and tablets.The patent is one of the two intellectual properties the iPhone maker addressed in its Augus
Korea's industrial output shrinks for 2nd month in July

Aug 31, 2012

South Korea's industrial output shrank for the second straight month in July, raising concerns the country's economy might be faltering in the face of headwinds from the eurozone debt crisis and a global slowdown, a government report showed Friday.According to the report by Statistics Korea, production in the mining, manufacturing, gas and electricity industries fell 1.6 percent in July from a mon