The Korea Herald

[Herald Interview] Navigation app Kimgisa goes global

Apr 22, 2015

CEO denies Daum Kakao acquisition rumor
LG Chem, Eguana partner for home energy storage

Apr 22, 2015

LG Chem said Wednesday it has inked a partnership deal with Canadian-based power conversion system developer Eguana Technologies as part of its strategy to expand its presence in the growing North American energy storage market. The Korean battery maker said the two companies will develop energy storage systems for homes, with an aim to launch the first system in the latter half of this year in the United States and Canada. The system, combining LG Chem’s lithium-ion batteries and Eguana’s power
LG Display posts record sales in Q1

Apr 22, 2015

South Korea’s leading display panel maker LG Display posted an operating income of 734.9 billion won in the first quarter of 2015, a near eightfold increase from a year earlier and the highest level in three years, according to the company’s regulatory filing Wednesday.The company also said its quarterly sales hit a record high of 7.02 trillion won ($6.5 billion) thanks to robust sales of liquid crystal display panels for TVs and handsets.The company explained that the higher-than-expected earni
LG to release big-screen budget phone this week

Apr 22, 2015

LG Electronics Inc., South Korea's No. 2 smartphone maker, said Wednesday it will roll out its latest budget smartphone that comes with a larger display than its flagship models, as part of a bid to target global consumers who favor a big screen in the mid- to low-end market. The G Stylo will hit local shelves on Friday, and be gradually released in the Latin American region and others starting in May, the company said in a statement. LG did not disclose its exact price, only to hint that it wil
Galaxy S6 smartphones suffer weaker than expected sales in S. Korea

Apr 22, 2015

Samsung Electronics Co.'s newest high-end smartphones - the Galaxy S6 and the Galaxy S6 Edge -- are seen drawing less than expected attention from consumers, industry data showed Wednesday, casting clouds over the market's upbeat sales estimate of over 50 million units for 2015.South Korea's No. 1 tech giant had sold a little over 200,000 units of the two smartphones here as of Sunday since their launch on April 10, sharply falling short of the 300,000 preorders, according to the data, indicatin
S. Korea aims to bolster ICT security business

Apr 22, 2015

South Korea plans to spend big on expanding the local information security industry as part of efforts to beef up capability against potential cyber crimes, the government said Wednesday. The plan comes amid corporate reluctance to make big investments in boosting their online security, though the country has suffered a slew of hackings into banks and other agencies, as well as leaks of personal information, in recent years.In a report to a meeting of economy-related ministers, the Ministry of S
SK hynix becomes No. 4 chipmaker in 2014

Apr 22, 2015

South Korean chipmaker SK hynix Inc. saw its global ranking move up a notch to become the world's fourth-largest player in the segment in 2014, data showed Wednesday.SK hynix saw its revenue reach US$16.1 billion last year, outpacing Micron Technology by $3 million, the data compiled by IHS Technology showed, narrowing its gap with its three bigger rivals: Intel Corp., Samsung Electronics Co. and Qualcomm Inc.Intel took the top spot with sales of $49.9 billion, followed by Samsung Electronics wi
Service-centered IoT to become mainstream: LG CNS chief

Apr 21, 2015

Kim Dae-hoon, chief executive of ICT solutions developer LG CNS, said the company seeks to lead in the era of Internet of Things with its service-oriented technologies.IoT is a term that describes a connected network of objects. He urged businesses to respond swiftly to the fast changing business environment in this era of connected products. LG CNS CEO Kim Dae-hoon speaks at the 15th Entrue World 2015 in Seoul on Tuesday. (LG CNS)“LG CNS has capabilities in developing IoT platforms and systems
Indian defense minister looks to Korea for business growth

Apr 21, 2015

Indian Defense Minister Manohar Parrikar, who visited Seoul for bilateral talks with Korean Defense Minister Han Min-koo, met with Indian software and electrical engineers who are working in Korea to talk about entrepreneurship and the IT of both nations.The meeting between the Indian minister and engineers was held at the request of the 35-member Korean chapter of Pan IIT Alumni Association, an alumni organization of India’s prestigious tech university, the Indian Institute of Technology. The m
Cash-strapped Pantech strives to release new smartphone despite uncertainties

Apr 21, 2015

South Korea's cash-strapped No. 3 smartphone maker Pantech Co. said Tuesday that it will continue efforts to roll out a new smartphone although its latest bid to be purchased by investors has ended in vain, casting a dark cloud over its viability.On Monday, a local court said three investors, one from the U.S., have offered to buy the handset maker currently under court protection but rejected the bids citing their weak financial capabilities.The fate of Pantech will be determined through negoti
S. Korea, China open joint tech research center in Beijing

Apr 21, 2015

South Korea and China opened a joint research and development center in Beijing Tuesday to forge closer cooperation in industrial and information technology. The new center is aimed at helping private companies from the two nations make inroads into the Korean or the Chinese market through technology cooperation, the South Korean Embassy said in a statement.The center is jointly set up by South Korea's Ministry of Trade, Industry and Energy and China's Ministry of Science and Technology.South Ko
SK to merge IT, holding firms

Apr 20, 2015

SK C&C-SK Holdings merger seen designed to tighten Chey’s control
Samsung SDS enters global biometric security market

Apr 20, 2015

Samsung SDS, a technology service unit of Samsung Group, said Monday it has joined a global consortium of tech companies developing a simpler but stronger authentication system.The company is the latest member of the Fast Identity Online Alliance whose 190 member companies include Samsung Electronics, Google, Microsoft, VISA and PayPal.The membership has paved the way for the global entry of its biometric security solutions, the company said. FIDO, established in 2012, develops standards-based a
LG's new flagship G4 to go on presale this week

Apr 20, 2015

LG Electronics Inc., South Korea's No. 2 smartphone maker, said Monday it will begin preselling its latest flagship smartphone this week ahead of an upcoming global launch.LG said the company is scheduled to roll out the G4 on April 29 in South Korea and five other countries, including the United States, Britain and Singapore.For a seven-day presale period starting Wednesday, a customer can make a purchase in advance of a new G4 with one of the three local mobile carriers -- SK Telecom Co., KT C
Microsoft's new smartphone to have Line messenger app pre-installed

Apr 20, 2015

South Korea's top portal operator Naver Corp. said Monday that its free messaging app Line will be pre-installed on Microsoft Corp.'s soon-to-be-released Lumia 540 smartphone, reflecting its growing popularity around the globe."The Lumia 540 will be pre-installed with the Line application, although it does not mean that all of the future Lumia lineups will do so too," an official from Naver said. "However, our company will continue to expand such ties around the globe."Microsoft's official websi