The Korea Herald

LG Chem develops world’s first hexagonal smartwatch battery

Jun 28, 2015

The world’s leading battery maker LG Chem said Sunday it has developed a hexagonal battery, which the firm said would give more leeway for device makers in designing smartwatches.The world’s first hexagonal battery boasting 25 percent more energy efficiency than a conventional rectangular battery can increase the battery life of a smart watch by up to 4 hours, according to the Seoul-based battery manufacturer.An LG Chem staffer poses with the firm‘s hexagonal battery. LG ChemThe battery business
Samsung tops consumer satisfaction survey in U.S.

Jun 28, 2015

Samsung Electronics said Sunday that it had topped a consumer satisfaction index survey in the U.S. for the second consecutive year.In the survey, conducted by U.S. market researcher J.D. Power, the Seoul-based tech giant topped the list by scoring 871 points out of 1,000 in the category of 50-inch TVs or larger, and 856 in the category of TVs smaller than 50 inches.Samsung, aiming to hold its lead in the U.S. large screen TV industry, expected that the results of the report would lead to robust
Jejudo to promote IT, tourism

Jun 26, 2015

Daum Kakao to nurture tech start-ups; AmorePacific to open beauty-tourism R&D center
Apple Watch hits S. Korean shelves

Jun 26, 2015

U.S. tech giant Apple Inc. officially began sales of its first smartwatch in South Korea on Friday, heralding a fierce battle with Samsung Electronics Co. to gain the upper hand in the wearable market. Along with six other countries, the Apple Watch is now available at online and offline shops in South Korea, roughly two months after it went on sale in major markets including the United States and China.While the Apple Watch boasts similar key technologies as other wearables such as healthcare-r
WeMakePrice tops service quality index

Jun 25, 2015

The Korean Standards Association, a public organization in charge of establishing industrial standardization, ranked social commerce website WeMakePrice as the top Korean social commerce platform in its annual KS-SQI survey, a service quality index, Thursday. WeMakePrice CEO Park Eun-sangThe KS-SQI index survey was conducted with residents of five major cities, including Seoul, who use the services of the surveyed firms. WeMakePrice earned 67.2 points, beating its rivals Coupang, which received
Naver joins fray in online payment services

Jun 25, 2015

South Korea’s largest Web portal operator Naver launched a new online payment service Naver Pay on Thursday, which the company said would become a “game changer” in the domestic online payment industry.Similar to other online and mobile payment services already out in the market -- such as Kakao Pay run by Web portal and mobile messenger firm Daum Kakao -- users have to register data of their credit cards or bank accounts on Naver Pay once, and then they can pay for their purchases through a sim
KT wins LTE award

Jun 25, 2015

Mobile carrier shows off technical prowess in global mobile industry
Naver launches mobile payment tool

Jun 25, 2015

Naver Corp., South Korea's top Internet portal operator, said Thursday it has started a mobile payment service as part of a push into the fast-growing online platform business for e-commerce. Naver Pay, available starting Thursday, allows users to pay for an item online only with their Naver IDs, a stark contrast to existing mobile payment tools offered by other financial and IT firms here that usually require multiple procedures for ID verification, the company said. This is possible once users
Apple Watch set to hit S. Korean market, challenge Samsung

Jun 25, 2015

U.S. tech giant Apple Inc. is set to release its first smartwatch in the South Korean market later this week, facing off with its archrival Samsung Electronics Co. in the wearable device segment, industry sources said Thursday.Released in the United States in April, the Apple Watch has been gathering popularity abroad, with industry tracker Slice Intelligence claiming the sales reached 2.79 million units through June, emerging as a threat for Samsung who tapped the smartwatch market in 2013.Indu
A de facto setback for innovation

Jun 24, 2015

In recent years, South Korea has emerged as one of the most innovative economies in the world, topping the Bloomberg Innovation Index in 2014, which ranks countries based on six tangible metrics of innovation. One of the key metrics defined by Bloomberg as fundamental to innovativeness is the country’s ability to earn patents. Korea topped this list, with Samsung claiming the second biggest patent portfolio of any company in the world. Lee Gyoo-hoPatents do have a critical role to play in prote
Tech firms jockey for position in mobile wallets

Jun 24, 2015

Naver Pay aims to take on Kakao Pay; Samsung Pay to debut in September for global markets
Samsung C&T CEOs have no plan to visit ISS

Jun 24, 2015

Group reaffirms swap ratio has been set legitimately
LGE agrees to lower height of new HQs in New Jersey

Jun 24, 2015

Conservationists hail tech firm’s decision to change design for U.S. head office
[Photo News] Prepping for summer

Jun 24, 2015

PREPPING FOR SUMMER -- Samsung Electronics service engineers install an outdoor unit of the firm’s Q9000 air conditioner at an apartment in Seoul on Wednesday. Samsung
Venture capitalists pour money into IT start-ups

Jun 24, 2015

Venture capitalists have poured money into tech start-ups this year as the bullish tech-heavy bourse boosted hope for lucrative returns from public offerings and low interest rates made cheap capital available, data showed Wednesday.Total investment in South Korean venture firms stood at 5.8 trillion won ($5.24 billion) as of end-March, up from 3.95 trillion won in 2012 and 4.45 trillion won in 2013, according to the Korea Venture Capital Association. In the first three months of this year, 238