The Ministry of Science, ICT and Future Planning said Tuesday it would carry out an organizational reshuffle to better support technological convergence and advancement “The reorganization is aimed at speeding up the ongoing reform work at the right time,” said Chang Seok-young, the ministry’s policy planning director. “With the administration entering its third year, we will ramp up efforts to achieve the results of the creative economy initiative earlier.”The reshuffle, aimed at supporting con

Apple launched an assault on the fledgling wearable tech market Monday, unveiling a high-end smartwatch that offers new ways to stay connected and to track health and fitness.The Apple Watch will be available in several major markets around the world from April 24, at a starting price of $349.(Yonhap)"Apple Watch begins a new chapter in the way we relate to technology," said chief executive Tim Cook, who spoke at a San Francisco media event.Cook said "the most personal device we have ever create

After service suspension, firm pledges to continue talks for full service

LG Electronics said Sunday it plans to build a new research and development center for its home appliance division due for completion by 2017 in Changwon, South Gyeongsang Province. The company started the construction work early this month, with a budget of 200 billion won ($182 million). The new 20-story building will be located on a 51,810 square-meter site, accommodating some 1,000 researchers.  Changwon, some 400 kilometers southeast of Seoul, has played a key role for LG’s home appliance s

From can-do spirit to innovation, employee standards continue to evolve

Samsung Group, the largest conglomerate in South Korea, was founded as a small trade firm by the late founder Lee Byung-chull in Daegu in 1938 that shipped dried fish to China. Now managing the world’s largest electronics firm under its wings along with many other businesses, Samsung has become the most coveted workplace here.Its flagship unit Samsung Electronics topped the list of the most desired employers in Korea for six consecutive years, according to a 2014 survey by Saramin, a job portal.

Samsung executives are being increasingly pursued to inject the “Samsung DNA” into other big businesses, including rivals.According to latest data from the Korea Exchange, more than 10 percent of the nation’s listed companies have hired former Samsung executives as CEOs. Recent high-profile appointments include KT chairman Hwang Chang-kyu and SK Group vice chairman Im Hyung-kyu. Hwang, who took office as CEO of the nation’s No. 2 telecom carrier last year, worked for Samsung Electronics serving

Desperate to keep title, workers of sold affiliates take to streets

KT, one of South Korea’s top three mobile carriers, showcased a number of new technologies based on the ultrafast 5G network service at this year’s Mobile World Congress, the industry’s largest annual gathering, held in Barcelona, Spain, from March 2-5.KT chairman Hwang Chang-gyu delivered a keynote speech, titled “5G and Beyond, Accelerating the Future” in which he shared the company’s latest 5G-based ICT technologies and vision for the 5G era. Industry experts say that the commercialization of

Adobe chief Shantanu Narayen called South Korea one of the key markets for the company’s strategic shift to its marketing cloud business.“Korea is in the forefront on a number of technology innovations,” he told reporters in Seoul on Thursday, citing the influence of big companies like Samsung globally and the advanced network connectivity. “We see a unique opportunity to grow our presence in Korea.”The CEO visited Korea to meet local employees and clients. He declined to elaborate on his visit.

SNS giant encourages more firms to join global nonprofit campaign