The Korea Herald

LG CNS launches joint venture in Uzbekistan

Sept 15, 2015

　South Korea’s leading IT solutions developer LG CNS has set up a joint venture with Uzbekistan’s ICT Ministry in the central Asian nation.　The joint venture, named LG CNS Uzbekistan LLC or LG CNS Uzbek, will be focused on developing ICT solutions for the private and public sectors, according to the Korean firm. LG CNS CEO Kim Dae-hoon (fourth from left) poses with Uzbek government officials and executives from UZTELECOM and Unicon in the central Asian nation on Monday. (LG CNS)　The Korean IT co
Kakao Pay serving 5 mln users one year after launch

Sept 15, 2015

South Korea's top mobile messenger operator Daum Kakao Corp. said Tuesday its mobile payment platform Kakao Pay currently has more than 5 million users, a figure equivalent to 20 percent of the country's total credit card users.Introduced in September 2014 and similar to the world-famous Pay Pal, users pre-register their credit and debit cards, and make transactions simply by typing in their passwords. It was first introduced in September 2014. Daum Kakao, which has been rolling out various serv
More than half of smartphones to boast NFC-backed mobile payment tool in 2016: report

Sept 15, 2015

More than half of the smartphones to be sold around the globe will boast near field communication, a key technology in mobile payment, in 2016, a report showed Tuesday, casting a cloud over Samsung Electronics Co.'s latest mobile payment tool, Samsung Pay.The portion of NFC-equipped smartphones will reach 52.4 percent in 2016, compared to an estimated 39.8 percent this year, the data compiled by industry tracker Strategy Analytics showed.Strategy Analytics added the portion of new models that su
LG Electronics to unveil new smartphone next month

Sept 15, 2015

South Korea's No. 2 handset maker LG Electronics Inc. said Tuesday it will unveil a new smartphone with improved video and camera features next month amid weak sales of its flagship smartphone G lineup.Market rumor had it that LG might roll out a new Nexus smartphone made together with Google Inc., which may come with the Android Pay mobile payment system.But an LG official told Yonhap News Agency that the new smartphone, to be showcased on Oct. 1, will be a separate device that boasts improved
[Photo News] LG pushes for energy business

Sept 14, 2015

LG PUSHES FOR ENERGY BUSINESS -- LG Group’s affiliates -- LG Electronics, LG Chem, LG CNS and LG Fuel Cell Systems -- have joined forces to promote overseas their energy products, including LED lights, electric car charging infrastructure and energy storage systems. The conglomerate has set up digital signage displays that show commercials for the affiliates’ energy technologies at the Los Angeles International Airport.(LGE)
Samsung, LG continue legal spat over washers

Sept 14, 2015

Jo Seong-jin, president of LG Electronics‘ home appliance division. (Yonhap)Tech giants Samsung Electronics and LG Electronics continued their battle in court on Monday over the latter’s alleged sabotage of Samsung’s washers.Samsung filed complaints with the Korean prosecution against Jo Seong-jin, president of LG’s home appliance division, and two LG executives for breaking a total of six washing machines at two SATURN electronics shops in Germany last year and spreading false information imply
[Photo News] Samsung D'light refurbished

Sept 13, 2015
Samsung Pay gains footing on home turf

Sept 10, 2015

Samsung Pay, Samsung Electronics’ new mobile payment system, is gaining a footing in Korea before its U.S. launch later this month. According to the company on Thursday, more than 25,000 people have registered to use the mobile wallet every day since its launch on Aug. 20, with the average daily transactions surpassing 750 million won ($630,000). “More than half the Galaxy Note 5 users are using Samsung Pay. This is a big number considering Koreans rarely use mobile payments offline,” said Rhee
LG Electronics rolls out space-efficient projector

Sept 10, 2015

South Korea's No. 2 tech giant, LG Electronics Inc., said Thursday it has rolled out a projector that sports improved space efficiency and can be used anywhere throughout the home.The latest projector requires a distance of only 38 centimeters to display a 254cm screen on the wall, reducing the required space by a tenth compared to previous models, the company said."Requiring only a short distance, it can be used anywhere, including living rooms and bedrooms without any interruptions from pets o
Samsung takes on Apple Pencil on Twitter

Sept 10, 2015

Samsung Electronics Co.'s British Twitter account released a comment on Apple Inc.'s latest gadget -- the Apple Pencil, which was released on Wednesday in the U.S. along with more of its latest devices.Shortly after the announcement of the new pen by Apple, Samsung Mobile UK posted "Ummm…S-Pen #SoundsFamiliar," on its Twitter account.U.S. tech giant Apple showcased the iPhone 6S, iPhone 6S Plus, as well as the 12.9-inch iPad tablet PC in a San Francisco event on Wednesday. Along with these devic
Apple unveils latest iPhone, bigger iPad, revamped TV box

Sept 10, 2015

Apple is taking a small step with its latest iPhone while trying to make a bigger leap in other key markets with its largest iPad yet and a long-awaited overhaul of its online video box for TVs.The trend-setting company unveiled its newest twists on technology Wednesday in San Francisco before the usual packed house that turned out for a glimpse at a product line that Apple is counting on to retain its faithful disciples and win new converts.As expected, Apple’s next iPhone is making relatively
Smartphone market growth to slow in 2016: data

Sept 10, 2015

The global shipment of smartphones is anticipated to suffer a setback in 2016, industry data showed Thursday, with Chinese handset makers expected to further cement their foothold in the mid- to low-end smartphone segment.According to the data compiled by industry tracker TrendForce, the combined sales of smartphones for next year are estimated at 1.34 billion units, up 5.8 percent from 2015. The market is estimated to grow 8.3 percent this year.TrendForce said this year "marks the end of the sm
Samsung to mass produce industry’s first 12Gb mobile DRAM

Sept 9, 2015

South Korea’s top tech giant Samsung Electronics said Wednesday it plans to begin mass production of the industry’s first 12-gigabit mobile dynamic random access memory chip, which boasts a sharp improvement in speed and capacity.Samsung Electronics said the 12Gb Low Power Double Data Rate 4, based on its 20-nanometer production technology, will boast speed that is 30 percent faster than the preceding 8Gb model, and consume 20 percent less energy.The full-fledged mass production of the latest mo
[IFA 2015] IFA 2015 trends at a glance

Sept 9, 2015

BERLIN -- The IFA, Europe’s largest electronics show, ended Wednesday in Berlin. Even though there were no big announcements, it was enough for visitors to get a hint of future home appliances. Korea’s Samsung and LG prevailed with pioneering products such as organic light-emitting diode, or OLED, TVs and smart home solutions. LG’s exhibition hall, painted in black for the dramatic expression of OLED’s perfect blackness, was one of the most crowded booths. Chinese firms further strengthened the
Samsung denies layoff reports

Sept 9, 2015

Samsung Electronics on Wednesday denied that it was reducing some management support personnel due to its recent weakening earnings. “The personnel changes were part of our regular staff reshuffle,” said Lee Sang-hoon, president and head of the management support unit. “The relocation is aimed at dispatching more employees to experience field work.”Samsung plans to relocate some 10 percent of its management support personnel, including those in finance, human resources and public relations, to m