LG ROLLS OUT NEW SOFTWARE -- LG Electronics unveiled Sunday its whole new smartphone user-experience software, dubbed UX 5.0, which will be featured on its flagship smartphone, G5. The new UX allows users to connect the smartphone with LG’s Friends devices, including a rolling ball-shaped robot, and a 360-degree camera, and to use camera apps with ease. (LGE)LG ROLLS OUT NEW SOFTWARE -- LG Electronics unveiled Sunday its whole new smartphone user-experience software, dubbed UX 5.0, which will be

GALAXY PUSH -- Samsung Electronics said Sunday that it would run a nationwide marketing promotion for its flagship smartphones Galaxy S7 and S7 Edge at around 2,200 electronics retail and mobile shops in Korea. (Samsung Electronics)

LG SUPPORTS MULTICULTURAL FAMILIES – The LG Foundation, a charitable organization run by LG Group, held an entrance ceremony for a mentoring program for teenagers from multicultural families in Seoul on Saturday. The teen participants will take language and science classes run by professors and students from Hankuk University of Foreign Studies and KAIST over the next two years. (LG Foundation)

Korea strives to cross the threshold of space technology through a lunar exploration project in 2020

Chief of Korea’s NASA talks about life-long mission, challenges, expectations for the country’s first self-developed rocket, lunar exploration project

Samsung Electronics is rumored to have interest in purchasing Sharp, amid drawn out takeover talks between the Japanese company and its new owner Foxconn. Samsung Electronics’ vice chairman Lee Jae-yong had visited Japan last week, fueling the rumor. Samsung currently owns a 3 percent stake in Sharp.  Samsung had tried to purchase Sharp in recent years but talks had failed because it wanted to only buy the display plant in Sakai, Japan, while Sharp wanted to sell the company as a whole.Samsung u

Lack of interest by Chaebol a major setback for Korea‘s aerospace industry

The number of LINE messenger users operated by the Japanese arm of South Korea's top portal provider Naver Corp. has surpassed the 1 billion mark five years after its launch in 2011, the company said Thursday.The number of monthly active users, or MAU, of the social networking mobile application stood at 215 million globally as of December last year, Line Corp. said at the LINE Conference Tokyo 2016 held in Japan.The messenger operator said it is making significant growth in its sticker, game, c

LG Uplus, the nation’s No. 3 telecom carrier, said Thursday that CEO and vice chairman Kwon Young-soo has acquired 20,000 company shares. The company’s share price closed at 10,700 won ($9.16), up 100 won from the previous day.  “With the acquisition, he is showing his willingness for more responsibility in management and confidence in the company’s future,” the company said in a statement. “We also hope to elevate the trust of shareholders about the company’s future business.”At a shareholders

Mobile business chief Cho thinks iPhone SE is mediocre

Samsung Electronics on Thursday unveiled a new corporate vision, called “Start-up Samsung,” with aims to mimic the flexible and creative business models of burgeoning tech start-ups. Like other big Korean firms, the nation’s largest company has suffered chronic corporate ills such as a top-down work order, frequent after-hours work, unproductive internal meetings and unfair assessment of performance. Taking a cue from start-ups, the company aims to overhaul its personnel system to elevate produc

Last month, I was in Houston, TX at IHS’s annual event CERAWeek. As usual, energy leaders from across the world gathered to talk about the challenges and opportunities ahead. The next 35 years will see the global population grow to over 9 billion people. We already have over 1 billion people without access to power, and another 2 billion without adequate access. We are even more dependent on power for our daily lives; for the development of economies, for the growth of industry and the developme

THAI MINISTERS VISIT KOREAN START-UP CENTER-- Thai ministers and officials, including Deputy Prime Minister Somkid Jatusripitak (third from right, first row) and ICT Minister Uttama Savanayana (second from right, first row), pose after visiting the Center for Creative Economy and Innovation in Daejeon, a start-up incubation center run by SK Group, Wednesday. (Yonhap)

MOBILE APP FOR AUTO REPAIR -- Cardoc, a mobile application that helps find auto repair shops, has surpassed 600,000 downloads. (Cardoc)

Netmarble Games, South Korea’s second-biggest game developer, has selected JP Morgan and NH Investment & Securities to lead an initial public offering, according to people familiar with the matter Wednesday. Accordingly, other two investment banks that Netmarble hired for the listing -- Korea Investment & Securities and Citigroup Global Markets Korea Securities – will take junior underwriting roles. Netmarble plans to float its shares at the end of 2016 or early next year with a market cap of up