The Korea Herald

Samsung's TV reign faces challenges

Mar 1, 2016

Competition from rivals, rise of smartphones threaten TV business
Samsung tops global TV market for 10th year

Mar 1, 2016

Samsung Electronics Co. dominated the global TV market for the 10th consecutive year in 2015, data showed Tuesday, on the back of the strong performance of its high-end models.Samsung took up 27.5 percent of the global TV market in terms of sales and 21 percent in shipments last year, the data compiled by industry tracker IHS showed, continuing its robust performance since 2006.In 2006, Samsung Electronics took up 14.2 percent of global TV sales, indicating that the company's profitability in th
[Photo News] LG eyes global commercial washer market

Feb 29, 2016

DRUMMING UP COMMERCIAL WASHER BUSINESS -- Tech giant LG Electronics has recently invited partners from 12 global markets, including China and France, to Korea to showcase its latest commercial washing machine lineup. The electronics firm aims to double the global sales of the commercial washer business this year over last year. (LGE)
[Photo News] SK hynix sponsors male handball team

Feb 29, 2016

DEBUT OF SK-SPONSORED HANDBALL TEAM -- SK hynix holds an event to celebrate the launch of the SK Hawks, SK hynix’s sponsored male handball team, on Monday in North Chungcheong Province. (From third from left, first row) Coach Hwangbo Sung-il, SK Group chairman Chey Tae-won, SK hynix chief executive Park Sung-wook and head coach Oh Se-il participate in the event. (SK hynix)
[Photo News] Twitter commemorates March 1 Movement

Feb 29, 2016

TWITTER COMMEMORATES MARCH 1 MOVEMENT-- In order to commemorate the "March 1 Independence Movement" in 1919, Twitter Korea runs the #Remember1919 hashtag campaign featuring an emoticon based on a caricature of female independence activist Ryu Gwan-soon. (Twitter Korea)
Kakao seeks larger offline presence

Feb 29, 2016

Mobile messenger acquires parking app company Parking Square to expand the O2O business
Korea to inject W200b into moon exploration for 3 years

Feb 28, 2016

South Korea will spend a total of 746.4 billion won ($603 million) on its space program this year, as part of efforts to realize its long-cherished goal of reaching the moon. The Ministry of Science, ICT and Future Planning said Sunday that it has also agreed with relevant ministries to allocate 200 billion won for the next three years to launch its first lunar exploration.An artistic rendering of a landing vessel and a lunar-rover planned to be sent to the moon by 2020. (Korea Aerospace Researc
Samsung rumored to sell off security arm

Feb 28, 2016

Samsung’s efforts for business realignment appear to be picking up pace
Samsung, LG sweep iF design awards

Feb 28, 2016

Korean tech giants Samsung Electronics and LG Electronics have been recognized for their excellence in design at this year’s iF Design Award, an annual design competition organized by the International Forum Design Awards. Samsung and LG picked up a total of 38 and 28 awards, respectively, for their superior design in a range of areas, including product and packaging. Global buyers and dealers look at LG Eelectronics‘ Signature washing machine, which features front-loading on top and a top-load
Samsung wins U.S. appeal in Apple patent case

Feb 27, 2016

A U.S. appeals court on Friday handed Samsung a win over Apple in a long-running patent fight, overriding a jury verdict ordering it to pay $119.6 million to the iPhone maker.The court ruled that two Apple patents at issue were not valid, according to a copy of the decision posted online.Samsung Electronics' booth at the Mobile World Congress in Barcelona, Spain (Yonhap)“We are delighted with the resounding victory from the US Court of Appeals for the Federal Circuit, which found that two of App
Cheil Worldwide hires Goldman Sachs for stake sale to Publicis

Feb 26, 2016

Cheil Worldwide, the advertising unit of Samsung Group, has recently hired Goldman Sachs as lead financial advisor for its planned stake sale to French ad giant Publicis Groupe, industry sources said Friday. Cheil has not yet officially confirmed the talks. But the company said last week in a regulatory filing: “We are discussing partnerships with global ad companies but nothing has been decided.”Sources said Publicis is considering acquiring a controlling stake, or 28.28 percent shares owned by
CJ HelloVision shareholders approve merger with SK Broadband

Feb 26, 2016

Shareholders of CJ HelloVision, the nation’s No. 1 cable TV operator, on Friday approved the company’s planned merger with SK Broadband, the IPTV unit of SK Telecom. More than 97 percent of the participating investors voted in favor of the 1 trillion won ($823 million) deal despite heightened resistance from minority shareholders, rival companies and advocacy groups. CJ HelloVision CEO Kim Jin-seok responds to reporters after a shareholders meeting in Seoul on Friday. Yonhap“The two companies wi
Olympus Korea breaks ground for medical training center

Feb 25, 2016

Olympus, the Japanese maker of medical and surgical solutions, Thursday held a groundbreaking ceremony of its new medical training center in Songdo, Incheon. The Olympus Korea Training and Education Center aims to offer diverse training programs for health professionals on the safe and effective use of the company’s medical and surgical products, including its market No. 1 endoscopy equipment. With a budget of 36.3 billion won ($29.3 million), the new center, the sixth of its kind globally and
Samsung to mass produce 256GB mobile chips

Feb 25, 2016

Samsung Electronics said Thursday it will start mass production of the industry’s first 256-gigabyte Universal Flash Storage from next month for smartphones, with twice the processing speed compared to conventional chips used in PCs. The Korean tech giant, which is also the world’s biggest memory chipmaker, said the new chip will go into high-end mobile devices but didn’t name possible products and clients. According to the company, the chip has a reading speed of 850 megabytes per second and w
CJ HelloVision downplays ISS report on merger plan

Feb 25, 2016

Proxy advisor speaks against bid to acquire CJ HelloVision