Samsung’s own mobile core poses challenge against Apple

JEJUDO ― Kakao CEO Rim Ji-hoon made his official debut on Tuesday, pledging to restore profits through more customized, mobile-based services. “You cannot seek short-term profits in Internet services,” he said of the company’s sluggish sales in the first half of this year during a press conference held at the headquarters on Jejudo Island. “In the next mobile era, all previously PC-based services will be available on mobile devices. We will lead the new era by offering more customized, ‘on-deman

LG Electronics has recently filed an injunction against the U.K.-based home appliances manufacturer Dyson to stop its ad campaign in Australia that claims its cordless vacuum cleaner boasts “the highest suction power” among rivals. The Korean tech giant said Dyson’s claims are misleading consumers, saying its Cord Zero Cyking produces twice the suction power of Dyson’s V6 cleaner. According to the company, LG’s Cyking has a maximum suction power of 200 watts, double the 100 watts of Dyson’s V6.

South Korea’s leading battery maker LG Chem said Tuesday that it had completed the construction of a plant for electric car batteries in Nanjing, China.The Seoul-headquartered battery firm has already inked supply deals with 16 local car companies, including China’s top three automakers Shanghai Automotive Industry Group, Dongfeng Motor Group and the FAW Group, and supplied batteries for 1 million EVs.LG Group chairman Koo bon-moo (center), vice chairman Koo Bon-joon (second from right), and Chi

Aiming to boost its presence in the global business-to-business sector, Samsung Electronics has laid out a blueprint to lead the global air-conditioning market, pledging that it would achieve $10 billion in sales by 2020.To that end, Yoon Boo-keun, Samsung Electronics consumer electronics business unit head, vowed that it would beef up the business for system air conditioners, or central air conditioners in construction markets, utilizing the firm’s capabilities in air-conditioning for general c

The average screen size of TV sets to be sold in markets is expected to surpass 40 inches next year for the first time, data indicated Monday.According to market researcher IHS, the average TV screen size is estimated to reach 40.8 inches next year from 39.4 inches this year.Market analysts said this trend in favor of a bigger screen sizes reflects consumers‘ growing preference for high-definition premium TVs.By region, North America will likely top average TV screen sizes with 44.5 inches, foll

Eric Schmidt, the executive chairman of Google’s new holding company Alphabet, will visit Korea on Thursday to meet key partners such as Samsung and LG, as well as local start-ups the company supports. This will be his fifth visit to Korea and the first since he took office as chairman of Alphabet in August.  During his three-day visit, the ex-Google CEO is expected to meet executives of Samsung and LG, including Samsung Electronics vice chairman Lee Jae-yong. He met the Samsung heir apparent wh

LG Electronics maintained the top place in the U.S. market for front-loading washing machine as of the third quarter ending September this year, according to the Korean electronics maker Monday. The Seoul-based electronics firm said its cumulative market share by sales from January to September in the U.S. market for front-load washers stood at 25.6 percent, citing an industry report released by Stevenson Company. Models pose with LG Electronics‘ Twin Wash, featuring two washing tubs -- one on t

SAMSUNG’S UPGRADED SPEAKER -- Samsung Electronics releases the R1, a wireless cylinder-shaped and omni-directional speaker, which can be linked with smartphones, tablets, and smartwatches. The wireless audio product priced at 199,000 won ($175) features a tap-and-swipe user interface which allows users to control the speaker by tapping and swiping on the top. (Samsung)

SAN FRANCISCO -- Microblogging service Twitter has long been serving as an agora open to all people to discuss, share and spread information about what is happening around the world in 140 characters. 　With the change of time and trends in the social networking industry, however, the 9-year-old service is trying, somewhat belatedly, to shift its focus from a text-based service to one brimming with video content, following the footsteps of other services like Facebook.Kevin Weil, senior vice pres

Apple Inc.'s two latest smartphones went on sale in South Korea on Friday, with the industry poised to keep close tabs on the market for possible overheating on the retail front. The country's three major mobile carriers -- SK Telecom Co., KT Corp. and LG Uplus Inc. -- released the iPhone 6s and iPhone 6s Plus for sale via their respective retail stores nationwide. The iPhone 6s is available for 720,000 won ($635) for the 16GB model and 1.14 million won for the 128GB, given the subsidy of about

KISTEP holds discussion with science, tech experts

SINGAPORE -- Europe’s largest software firm SAP is seeking to bring innovation to business models in various industries by putting game-changing technology into the hands of business leaders.“Many companies and traditional businesses are using the HANA platform to leverage big data and predictive analytics in real time,” SAP Asia-Pacific Japan president Adaire Fox-Martin said during a press conference in Singapore on Thursday.“By 2020 the size of the digital economy is expected to be $9 trillion