The global display market has seen a boost for the past several years thanks to the brisk growth of information technology and electronics devices that deploy advanced display panels.　Market players, however, should brace for much fiercer competition due to market saturation for mobile devices and TVs, according to industry officials and analysts.　“The display industry basked in remarkable growth from 2010 to 2013 with the touch panel business, in particular, growing at the rate of 27.5 percent

KT Corp., the nation’s telecom giant, vowed Monday to take the lead in the era of 5G technology, saying it is at the forefront of initiatives to commercialize the world’s first network services.“Korea, which boasts the most advanced telecom infrastructure in the world, is now leading the global telecom standardization,” KT chairman and CEO Hwang Chang-gyu said at an event to celebrate the 130th anniversary of the Korean telecom market. KT CEO Hwang Chang-gyu(fifth from left), Choi Sung-joon(four

South Korean battery-maker and chemical firm LG Chem is seeking to attract global talents in China for future growth. LG Chem chief executive Park Jin-soo, chief human resource officer Kim Min-hwan and other top executives recently flew to China to hand-pick new employees at a company recruiting event, named the Business and Campus Tour, held at the Shangri-La Hotel, Beijing over the weekend.LG Chem CEO Park Jin-soo (third from left) and chief human resource officer Kim Min-hwan (first from left

SAMSUNG WASHER GAINS TRACTION -- Sales of tech giant Samsung Electronics’ latest front-load washer model Bubble Shot Add Wash exceeded 6,000 units on Sunday, 15 days after the product launch on Sept. 1. The washing machine features an extra small door which allows users to put additional laundry in the middle of a wash cycle. (Samsung)SAMSUNG WASHER GAINS TRACTION -- Sales of tech giant Samsung Electronics’ latest front-load washer model Bubble Shot Add Wash exceeded 6,000 units on Sunday, 15 da

  LG’S UNIBODY SMARTPHONE -- A model poses holding a LG Metal Phone in his hand. The tech giant LG Electronics’ latest mid-range smartphone featuring a unibody metal design, a 5-inch display and 8MP front-facing camera is priced at 399,300 won ($340). (LGE)

Samsung Engineering and Samsung Heavy Industries on Thursday denied that they were seeking to merge again after last year’s failed attempt. 　“We are not considering a merger plan,” the two companies said in separate regulatory filings. 　The announcements came as their shares rallied after Samsung Heavy president Park Dae-young hinted they could seek to merge again.  Samsung Engineering (Yonhap)　In September last year, Samsung Engineering announced it would merge with Samsung Heavy to enhance its

LG Uplus, the third-largest mobile carrier in Korea, said Thursday that its Internet of Things technology has been recognized for its compatibility by a global standardization body.The Korean mobile carrier said the firm’s IoT platform has passed interoperability testing organized by oneM2M, which consists of eight global telecom standards institutes including European Telecommunications Standards Institute and Telecommunications Technology Association of Korea.The first oneM2M interoperability

SAMSUNG SMARTWATCH TO HIT SHELVES-- Tech giant Samsung Electronics said Thursday it would receive preorders for the Samsung Gear S2 from Friday in Seoul through the firm‘s online shop. The latest wearable device features a round face and a rotating bezel to control functions. Starting from mobile carrier KT, wireless carriers will also receive preorders from this week.　(Samsung)

Ex-Rakuten manager says start-ups underestimate investment needed

Korean music content provider introduces new features in its music-streaming service

South Korea's No. 2 tech giant LG Electronics Inc. said Wednesday it plans to roll out a new tablet PC this week, in line with its latest efforts to shore up its mobile device business facing a slump.The 10.1-inch G Pad II, first introduced at the Internationale Funkausstellung in Germany earlier this month, will come with a 7,400 mAh battery and 2GB of RAM. It holds a data storage capacity of 32GB, but users can also insert a Mirco SD card. (Yonhap)The company released the 8-inch G Pad II last

Samsung Group’s Daegu Center for Creative Economy and Innovation marked its first anniversary Tuesday. Starting with the Samsung start-up accelerator, the Korean government has opened up a total of 17 creative economy centers over the past year in partnership with top conglomerates with aims to nurture competitive venture firms spanning industries.  Samsung Electronics vice chairman and the group’s heir apparent Lee Jae-yong has also showed affection toward the center as he has led the company’s