SEOUL, July 29 (Yonhap) -- A Seoul court on Friday ordered SK Broadband Co., a high-speed Internet service provider, to pay a combined 400 million won (US$379,686) in compensation to its customers whose personal information was leaked by the company.About 2,500 SK Broadband customers filed class-action suits between 2008 and 2010, claiming the Internet service firm, formerly called Hanaro Telecom,

KB Financial Group posted a net profit of 817 billion won ($776.9 million) for the second quarter, swinging back into the black after posting a 217 billion won loss in the same period last year. The group attributed the boost to lower loan-loss reserves and provisional cost cuts of more than one-third from a year ago.“The group has been reducing the allowance for bad debts for the past six months

June industrial production posted slower than expected growth of 0.7 percent, a government report said Friday.Output in the construction, service, mining and manufacturing sectors expanded by 6.4 percent from a year ago, down from a revised 8.1 percent growth forecast in March, Statistics Korea said. The 0.7 percent on-month expansion is the slowest output growth in nine months, and a slow down fr

 

SEOUL, July 29 (Yonhap) -- Lee Kun-hee, chairman of Samsung Electronics Co., emphasized the importance of software technologies, a talented workforce and patents in a speech to Samsung's executives, the electronics giant said Friday. His remarks came after the consumer electronics giant reported a slump in its second-quarter profit as consumer spending in the advanced economies is weighed down by

Samsung Electronics Co., the world's top memory chipmaker, said Friday that its second-quarter earnings declined 18 percent from a year ago as feeble demand for TVs and personal computers drove down chip and display prices. Net profit reached 3.51 trillion won ($3.33 billion) in the April-June period, compared with 4.28 trillion won a year earlier, it said in a regulatory filing.The bottom line wa

National Tax Service launches regular investigation on Samsung flagshipSamsung Electronics, which had been putting off a regular tax investigation for almost half a year, is now in the midst of the probe launched by the local tax authorities. About 30 officials of the National Tax Service were dispatched to Samsung Group’s flagship unit earlier this week, according to government and industry sourc

LG Innotek on Thursday said it has filed a lawsuit against Osram’s Chinese corporation and another company called Hella for infringing patent rights for light-emitting diode technology.LG Innotek filed the suit at a court in Beijing, demanding Osram cease selling its LED products and also seeking compensation for damages.Osram is a light-manufacturing unit of Siemens AG, while Hella is a global ma