CEO vows to turn Paju R&D into high-tech display meccaLG Display announced Tuesday that it opened a research and development center which would focus on developing next-generation display panels, including the organic light-emitting diode displays, in Paju, Gyeonggi Province.Built on 68,572 square meters of land, the 15-story building will bring together researchers and developers as well as those involved in OLED projects for better performance, according to company officials.According to an LG

U.S. auto-safety regulators upgraded their inquiry into Bayerische Motoren Werke AG’s 7 Series cars that may roll away when parked as they probe transmission defects in an electronic access and ignition system.The U.S. National Highway Traffic Safety Administration said Tuesday on its website that it’s intensifying an investigation it opened in August of about 120,000 vehicles to an engineering analysis, which can lead to vehicle recalls. Some drivers said their 7 Series cars from model years 20

The first international conference on the new trade paradigm, mainly refering to the Authorized Economic Operator, kicked off in Korea on Tuesday.About 800 senior public officials, business leaders and professors from around the world are attending the three-day forum co-hosted by the Korea Customs Service and the World Customs Organization.The conference is drawing interest as this marks the first global gathering since a group of customs authorities officially introduced the so-called AEO conc

 Before sunrise on March 8 in Myeong-dong, one of Seoul’s top shopping districts, dozens of people lined up in front of an H&M store. Some had spent the night on the street. They were waiting to get limited edition clothing from a collaboration between H&M’s specialty retailer and premium brand Marni. Freezing weather was not their first concern. The “Marni at H&M” edition went on sale that day globally and were sold out in Korea a few hours after the store opened. According to the companies, Ko

Cigarette smokers penalized as anti-smoking efforts intensify across all industriesA number of companies are going beyond the usual anti-smoking campaign to put smokers at a disadvantage for promotions or perks. Samsung Electronics Co. recently joined in taking this strong-handed approach, signaling similar moves in other large firms.The electronics giant sent out an e-mail to its 35,000 employees in the device solution division on Friday, warning that smoking will be detrimental to their chance

Samsung Electronics chairman Lee Kun-hee said Tuesday he will not back down in the inheritance battle with his siblings, vowing that he will even take it to the Constitutional Court.“If they file suits against me, I will take the same actions and I am even thinking of going to the Constitutional Court, taking it a step further than the Supreme Court,” he said. “I have no intention of giving them any money.”Indicating that the property-sharing already took place between the siblings, CJ Group has

The Bank of Korea slashed its 2012 economic growth outlook on Monday, citing the slower growth of the global economy and high oil prices that threaten Asia’s fourth-largest economy. BOK revised the growth projection to 3.5 percent for the whole year, down from 3.7 percent it forecast in December. The growth rate will be 3 percent in the first half before firming up to 3.9 percent in the second half, according to the BOK. Korea’s gross domestic product expanded 3.6 percent last year.The central b

DUBROVNIK, Croatia ― More Korean firms plan to flex their muscles at the upcoming consumer electronics trade show in Berlin with Samsung Electronics already confirmed to have the largest display space, said a key executive of the organizing body on Saturday.“We will have more Korean firms but no area expansion,” Jens Heithecker, global executive director and vice president of Messe Berlin Group, said in an interview with the Korean press. “They already have the largest display space and it’s big