The Korea Herald

KCC demands explanation for smartphone location log

IndustryApr 24, 2011

Korean regulator to ask Apple’s on nature of location collected on devices An Apple Inc. logo hangs above the entrance at the Fifth Avenue store in New York. (Bloomberg)Korea’s top communications regulator will request that Apple Inc. address the privacy concerns caused by recent allegations that the company has been accumulating location information of its users. Officials of the Korea Communicat
Sony chairman credited with developing CDs dies

IndustryApr 24, 2011

TOKYO (AP)- As a young man, aspiring opera singer Norio Ohga wrote to Sony to complain about the quality of its tape recorders.That move changed the course of his life, as the company promptly recruited the man whose love of music would shape the development of the compact disc and transform the Japanese electronics maker into a global software and entertainment empire.Sony's president and chairma
S. Korea, China bust phone scam ring targeting S. Korea

TechnologyApr 24, 2011

Chinese prosecutors have arrested 23 suspects over phone fraud on South Koreans, Seoul's prosecutors said Sunday, the first bust on a scam ring after the two neighboring countries agreed to thwart voice phishing scams that have caused huge financial damage in South Korea in recent years.Voice phishing involves random phone calls to dupe victims to siphon their bank accounts. Callers, growingly tra
Hyundai, Renault Samsung to recall 74,000 mid-size cars

IndustryApr 24, 2011

Hyundai Motor Co. and Renault Samsung Motor Co. will recall around 74,000 mid-size passenger cars sold in South Korea due to a manufacturing defect and a safety problem, respectively, Seoul's transportation ministry said Sunday.Renault Samsung, the local unit of French automaker Renault SA, will recall 55,648 units of its mid-size car SM5 produced between Aug. 12, 2009 and Oct. 29, 2010, and 65,15
SK Group chairman suffers investment loss of over 100 billion won

IndustryApr 23, 2011

Chief of SK Group, a South Korean conglomerate, has suffered a loss of over 100 billion won ($92.5 million) from futures investment, sources said Saturday.The National Tax Service, the country's tax agency, found that Chey Tae-won had invested in the futures, but lost most of his money, according to the sources.The tax agency launched tax probes into the group's key affiliates, such as SK Telecom
Samsung files countersuits against Apple

IndustryApr 22, 2011

Company launches 10 patent suits in Korea, Japan and GermanySamsung Electronics said Friday it has filed countersuits against Apple Inc. over patent rights in courts located in Korea, Japan and Germany.The world’s second-largest mobile phone manufacturer said Apple’s iPhone and iPad violated 10 of the company’s patents, leading it to file a complaint with the Seoul Central District Court over alle
Trade groups concerned about Australian tobacco packaging rules

IndustryApr 22, 2011

South Korean trade organizations are expressing concern over Australia’s decision to regulate tobacco products’ packaging.The “Plain Packaging” law proposed by the Australian government on April 7 calls for tobacco products to be packaged in plain wrappings without logos or trademarks. The new compulsory cigarette packet is plastered with health warnings. (AFP-Yonhap News)The decision is aimed at
POSCO Q1 sales reach W9.1 trillion

IndustryApr 22, 2011

POSCO, Korea’s largest steelmaker, posted operating profit of 921 billion won (about $900 million) in the first quarter, a 36 percent decrease from the same period last year, amid continuing high raw material prices. In its earnings report released Friday, the company said it recorded sales of 9.1 trillion won, up 31 percent from the same period last year.The steelmaker attributed the sluggish ear
Samsung, LG jockeying to position their 3-D TVs

IndustryApr 22, 2011

Samsung heads to China for joint partnership, while LG holds large-scale event in ParisRival giants LG Electronics and Samsung Electronics are looking for overseas opportunities to gain ground in the competitive global 3-D television market. LG Electronics, the world’s No. 2 flat-screen TV maker, said Friday that it held an event in Paris called “The Biggest 3-D Experience Ever” on Thursday, which
U.S. economy struggles for momentum: report

IndustryApr 22, 2011
Obama suspects energy market fraud

IndustryApr 22, 2011
China signals ready to invest more in Europe

IndustryApr 22, 2011
3D porn film beats Avatar at Hong Kong box office

TechnologyApr 22, 2011

HONG KONG (AFP) - A Hong Kong movie billed as the world's first 3D porn film has broken the city's first-day box office record previously set by Hollywood blockbuster Avatar."3-D Sex and Zen: Extreme Ecstasy" notched up HK$2.8 million ($360,000) on its first day last week, outpacing director James Cameron's science fiction epic which drew HK$2.6 million, the porn movie's publicist told AFP Thursd
Samsung Electronics sues Apple over patents

TechnologyApr 22, 2011

A Samsung Electronics' Galaxy Tab is displayed at its a showroom of the headquarters in Seoul, South Korea, Tuesday, April 19, 2011. Apple Inc. has sued Samsung Electronics Co., saying the South Korean company's Galaxy line of smartphones and tablet computers copy Apple's popular iPad and iPhone.(AP-Yonhap News)Samsung Electronics Co., the world's second-largest maker of mobile phones, said Friday
French workers strike against English speaking management

Apr 22, 2011

About 184 staff at Thermal Ceramics in France have gone on strike against what they called ‘Aglo Saxon Imperialism,’ according to reports. The London based company was established in 1856 and is a division of Morgan Crucible Company.Thierry Juvin, the workers’ representative, said “We say hello in French but then communication stops.“We have to have someone who translates everything into English,