The Korea Herald

Apple scoffs at Samsung’s mobile patent infringement claim

TechnologyOct 14, 2011

SEOUL (Yonhap) -- A lawyer for Apple Inc. said Friday that Samsung Electronics Co.’s mobile patent lacks novelty and was not invented by the Korean firm, the iPhone maker’s latest attempt to counter the accusation that it is using its rival’s technology without permission. The latest court showdown
Google said to seek rights from record labels for online store

TechnologyOct 14, 2011

Google Inc. is seeking agreements with record companies by the end of the month to start a music store that will compete with Apple Inc.'s iTunes, three people with knowledge of the talks said. Google is seeking permission to sell downloads and to stream purchased music to its customers' devices, sa
Moody's downgrades LG Electronics' outlook to negative

Oct 13, 2011

Moody's Investors Service said Thursday that it has cut its outlook on LG Electronics Inc. to negative from stable, citing its loss-making mobile business and global economic slowdown. The move deals another blow to LG Electronics, the world's third-largest maker of mobile phones, which is trying to
Samsung, LG Electronics under investigation for price-fixing

IndustryOct 13, 2011

Korea’s two largest electronics firms Samsung Electronics Co. and LG Electronics Inc. are under investigations by the Fair Trade Commission for allegedly fixing prices of TVs and laptops, Yonhap News Agency reported Thursday. The watchdog is said to have started reviewing sales documents and related
Obama wants more Fords, Chevys in Korea

Oct 13, 2011

President Barack Obama says he wants to see folks in South Korea driving Fords and Chevys and Chryslers. A trade agreement approved by Congress last night may not separate Korean drivers from their Hyundais and Kias anytime soon.U.S. exports of beef, machinery and chemicals may all gain from the agr
Moody’s lowers LGE’s outlook to negative

IndustryOct 13, 2011

Moody’s Investors Service lowered the outlook for LG Electronics from stable to negative on Thursday, citing the firm’s weakened position in the handset business and the uncertain global economy.With economic uncertainty leading to weakness in profitability and credit metrics, LG Electronics’ rating
Shares up on eurozone optimism

Oct 13, 2011

South Korean stocks closed 0.75 percent higher on Thursday as foreigners snapped up shares on growing hopes the eurozone will succeed in tackling its debt debacle, analysts said. The local currency gained against the U.S. dollar.The benchmark KOSPI climbed 13.6 points to 1,823.1. Trading volume was
Lone Star not to appeal guilty verdict

Oct 13, 2011

Hana-Lone Star deal totally up to FSCThe Financial Services Commission will announce the procedures for its coming action under which Lone Star Funds will be deprived of its status as the biggest shareholder of Korea Exchange Bank.The regulator’s stance comes several hours after U.S.-based Lone Star
CJ files suit to allow generic Viagra

IndustryOct 13, 2011

Food and pharmaceutical company CJ CheilJedang on Wednesday filed a nullity suit against Pfizer over the “use” patent of impotence medicine Viagra. “This is the first lawsuit filed to nullify the patent of Viagra in Korea. Other drug companies that are preparing for the generic forms are also keepin
Business community welcomes U.S. decision, urges approval in Korea

Oct 13, 2011

Korea-based companies and business organizations welcomed the U.S. legislatures’ decision to approve the Korea-U.S. Free Trade Agreement on Thursday.Companies and associations of industries with high dependence on exports were among the most vocal in welcoming the deal. The Korea Automobile Manufact
EU trade chief sees better eurozone next month

IndustryOct 13, 2011

The European economy is struggling to contain its deepening crisis at the moment but it will show progress starting next month, Karel De Gucht, the European Union’s trade commissioner, said Thursday in Seoul.Speaking to journalists at a forum in Seoul, he pinned his hopes on the European Commission’
Samsung to proceed with legal options on Galaxy Tab ban

IndustryOct 13, 2011

Australian court hands another patent victory to Apple Inc.Samsung Electronics said Thursday that it will proceed with immediate legal options after an Australian court slapped a temporary ban on its Galaxy Tab 10.1, handing another victory to its rival Apple in their global patent war.“We express o
Opposition still hurdle for ratifying U.S. FTA

Oct 13, 2011

Democratic Party, liberal groups demand renegotiation on 10 pointsThe process of bringing the Korea-U.S. Free Trade Agreement into effect is likely to be a rocky one despite receiving approval from the U.S. legislature.According to Deputy Trade Minister for FTA negotiations Choi Seok-young, Korea’s
isMedia CEO puts success down to trust with employees

IndustryOct 13, 2011

Compact Camera Module Test Equipment (isMedia)CEO hopes to make company a dream workplace for employees’ childrenisMedia, a Korean venture firm that produces test equipment for compact cameras, is basking in a smartphone boom as both a contributor and a beneficiary.The company’s products test the ca
GM to produce all-electric Chevy Spark in 2013

IndustryOct 13, 2011

U.S. giant automaker sees no industry convergence on energy source used to power vehiclesDETROIT ― There will not be a predominant low-emission technology in the automotive industry, a senior General Motors official said Wednesday, emphasizing the importance of developing more than one alternative e