ThyssenKrupp Elevator Korea said on Monday that the company has named Park Yang-chun as its new CEO. The elevator company briefly convened a board of trustees last month to approve the appointment. Park then took up the post and began his work as CEO.For the past 20 years, Park has built up his career in Hyundai Heavy Industries, LG Industrial Systems and Otis Elevator Korea. Park is an expert in strategic planning and overseas operation, according to the company. Park said that he was pleased t

Janssen Korea has said that it will offer scholarships to children suffering from mental disorders. The medical firm signed an agreement last week with an organization for children’s welfare to operate supporting funds worth about 190 million won ($166,700) to help mentally ill children. Over the past 24 years, Janssen Korea had been running a scholarship for economically needy children, aiding a total of 3,300 students with 3.3 billion won.  After Korea extended its government-paid compulsory e

Major automotive supplier also focuses on invention of new products, cost cutting innovationsMajor auto parts supplier Bosch is seeking to diversify its products and increase investments in Korea.“The need in Korea from the customer side is engine management systems,” Robert Bosch Korea president and CEO Hermann Kaess told The Korea Herald. “What we do with every innovation is to produce parts that consume less fuel, less emissions, that is the game.” Bosch’s Korean operation is driven by its au

Seohee Construction said Monday that it has recently named architect Kim Sang-kyung as it new president. Kim, 59, earned a bachelor’s degree in architecture at Yonsei University and two master’s degrees at Seoul National University and University of Texas in Austin. He also earned a Ph.D. in architecture from University of Pennsylvania. The former professor at Kyung Hee University has diverse experiences in architecture, urban development and project management across all types of building proje

Korean firm to unveil Internet-enabled TV set on Android platformLG Electronics plans to roll out its new Google TV for the U.S. market on May 17, strengthening its alliance with the U.S.-based software giant, according to an LG executive.Ro Seog-ho, executive vice president of the firm’s TV business unit, said it will finish producing the 47-inch and 55-inch 3-D capable TV sets running on Google’s upgraded Android platform 2.0 next week and have it ready for U.S. consumers in the week of May 21

An iPhone app that claims to be able to quantify “ugliness” has become a big hit around the world, according to news reports.“Ugly Meter” analyzes the details of human faces and rates their appearances from 1 to 10, along with nasty comments.Upon release, it was an immediate success, topping the Chinese iPhone charts for three weeks, and making $80,000 in a single day after being mentioned on the Howard Stern radio show in the United States.To anyone seeking judgment, the cheeky app dishes out v

LG Electronics will roll out its new Google TV in the U.S. on May 17, strengthening its alliance with the U.S.-based software giant.An LG executive said Monday that it will release the 3-D-capable TV sets running on Google’s Android platform next week, which is the first lineup of the second generation of Google TV device. However, consumers will be able to meet the new product in the week of May 21.Together with the new TV set, the company will also feature a gesture-based remote controller whi

Hyundai Motor Group provided dozens of green-energy transportation vehicles for the Yeosu Expo 2012 on Sunday.The 51 eco-friendly vehicles include hydrogen fuel-cell operated Tucson ix and Mohave cars; electric-powered Ray EV and BlueOn vehicles; hydrogen fuel-cell buses, and compressed natural gas hybrid buses. The green-energy transportation will mostly be used to carry Expo staff, performance groups and organizing committee members. Among these vehicles, 20 hydrogen fuel-cell operated and ele

Homeplus said Sunday that it will hold a Korean food fair in London during the Summer Olympics in partnership with its parent company, U.K. retail giant Tesco. Titled “Taste of Korea,” the upcoming event will be held at the Tesco Extra New Malden store in London from June 25-Aug. 31, the nation’s second-largest supermarket chain said. Some 150 Korean food items are to be displayed during the period, with the size doubled from the same event last year, the company said. Participating companies wi

Franchises raise prices, draw complaints from their customersCoffee franchises are raising prices, making consumers anxious that it might cause a domino effect ahead of the summer, the high season for beverage sales. Starbucks Coffee Korea, the nation’s leading coffee franchise, announced on Thursday that it will charge 300 won more on 32 of its drinks starting Monday. Caffe Bene, which has the greatest number of stores here, also raised prices last month of the drinks sold at its main Gangnam s