Patrick Johansson, new chief executive of Ericsson-LG. (Ericsson-LG)Network equipment developer Ericsson-LG said Monday that the board of directors has appointed Patrick Johansson, vice president of the firm’s business unit radio, as new chief executive of the company. Johansson, who will be responsible for all Ericsson-LG business operations in Korea, joined Ericsson in 1997 and has since then held various management positions and served as a board of director member for Ericsson-LG from 2012.I

Rivals express monopoly concerns

Amid family feud, M&A hints at Shin's leadership, business skills and ties with Samsung

LG Chem said Sunday it had secured a combined $8 million in new orders supplying water purification filters for eight seawater desalination projects among Egypt, Israel, Spain, Malta and Mexico. The company said it would produce some 17,000 reverse osmosis filters at its plant in Cheongju, North Chungcheong Province, by the end of next year, with the first batch shipped on Oct. 30.Reverse osmosis is a water purification technology that uses a semipermeable membrane to remove larger particles fro

GOOGLE NURTURES CREATIVITY -- Eric Schmidt (second from left), executive chairman of Alphabet, the holding company of Internet giant Google, watches children participate in a workshop at Kids Maker Studio -- a creative lab for kids -- in Gwacheon, Gyeonggi Province, Friday. (Yonhap)

Design plays a key role across a range of sectors in society from art to business to represent beliefs, values and ideas.Randi Zuckerberg, the founder and chief executive of Zuckerberg Media and a marketing expert, believes that design guards the world from disorder and chaos and shapes people’s lives.The Zuckerberg Media CEO, with multiple careers including author and TV producer, has published two books, including “Dot Complicated,” a New York Times bestseller about her views on technological

IT CONNECTS ASIA -- Mobile carrier LG Uplus said Thursday it had successfully held the 5th Global IT Challenge competition for disabled youths from Monday to Thursday at Universitas Multimedia Nusantara in Indonesia. The annual competition is aimed at reducing the information gap in the Asia-Pacific region. (LG Uplus)

KT NURTURES CLOUD BUSINESS -- Seo Suk-jin, a director general of the Ministry of Science, ICT and Future Planning, delivers a congratulatory speech at the sixth Cloud Frontier 2015, a conference for the cloud computing industry organized by mobile carrier KT, in Seoul on Thursday. (KT)

Samsung Electronics on Thursday unveiled plans to boost investor dividends through an 11.3 trillion won ($10 billion) share buyback after reporting its first on-year profit growth in two years.  Samsung said it would cancel all shares purchased through the buyback, its biggest to date, and planned to give shareholders 30-50 percent of its free cash flow over the next three years, mostly through dividends. The plans come after investors have increasingly requested bigger payouts from the Korean t

Facing tough competition in the world’s mobile and electronics markets, tech giant LG Electronics saw its profit drop by a whopping 37 percent in the July-September period as losses widened in its flagship mobile business unit.The electronics firm said in its regulatory filings that it earned 14.3 trillion won ($12.5 billion), down 5 percent year on year, in the third quarter. The company reported 294 billion won in profit, down 37 percent on-year. An employee enters LG Electronics`s head office

South Korea’s leading mobile carrier SK Telecom on Thursday opened an innovation center named the 5G Playground for developing and testing advanced network technologies with its partners.The 5G Playground, located in the wireless firm’s office in Bundang, Gyeonggi Province, features places where visitors can have a firsthand experience of virtual reality technology and test bed labs to conduct joint R&D projects with global IT firms including Samsung Electronics, Ericsson, Nokia, Intel and Rohde

Tech giant aims to notch up 1 million unit sales in air purifiers and humidifiers

Dating site founders attribute early boost to Korean connection