The Korea Herald

Samsung seeks prosecution probe on LG executive on suspected vandalism

Sept 14, 2014

Samsung Electronics said Sunday it has asked the prosecution to investigate senior officials of its home rival, LG Electronics, on suspicion of intentionally damaging its products at a shopping mall in Germany.Samsung's petition names Jo Seong-jin, head of LG's home appliance division, and a number of other senior company officials, accusing them of vandalizing its laundry machines on display.The incident occurred earlier this month in Berlin just ahead of the Internationale Funkausstellung (IFA
Samsung Electronics likely to suffer another earnings shock in Q3: brokerages

Sept 14, 2014

Samsung Electronics Co., the world's largest mobile phone manufacturer, is expected to suffer another earnings shock in the third quarter, mainly due to weak demand for its new products and stiff competition from rivals.Local brokerages initially forecast operating profits for the July-September period to be in the 6 trillion won (US$5.8 billion) range, but some like IBK Securities Co. marked down their assessment to around 5 trillion won with a corresponding dip in sales after the five-day Chus
LG Chem develops world’s first high-efficacy OLED light panels

Sept 11, 2014

LG Chem has developed the world’s first OLED light panel with high luminous efficacy and long-lasting performance that can compete with LED lights.The industrial materials giant said Thursday that its OLED light panel has an efficacy rate of 100 lumens per watt that can last about 40,000 hours. Existing OLED lights have 60 lm/w.Fluorescent lights typically have the same luminous efficacy as OLED lights, but only last about 20,000 hours, while 100 lm/w LED lights have a longer lumen output by abo
Intel eyes supply deal with Apple

Sept 11, 2014

Intel is again seeking to partner with Apple to supply its mobile communication chips for future iPhones.Most of Apple’s smartphones have used chips from Qualcomm.“Chances are high that global smartphone makers such as Apple and LG Electronics will use Intel’s baseband chips in their products down the road,” said Lee Hee-sung, the president of Intel Korea, at a press meeting on Thursday. Intel Korea president Lee Hee-sung introduces new chips for data servers at a press conference in Seoul on Th
[Newsmaker] Apple on new road with iPhone 6, smartwatch

Sept 10, 2014

SAN FRANCISCO ― Apple moved to recapture its role as a tech trend setter on Tuesday with its highly anticipated first smartwatch and two large-screen versions of the iPhone.With the debuts of Apple Watch and iPhone 6 models stretched to fit a hot “phablet” trend, the California company delivered what rumors had predicted leading up to the event.The Apple Watch, a sleek wrist device that links to the iPhone, “will redefine what people expect from this category,” chief executive Tim Cook said at a
LG Uplus to sell iPhones for first time

Sept 10, 2014

LG Uplus Corp., South Korea’s No. 3 mobile carrier, will sell Apple Inc.’s latest iPhones in South Korea along with its bigger rivals SK Telecom Co. and KT, industry sources said Wednesday, marking the first time for LG Uplus to distribute Apple products here. Apple on Wednesday released the 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus, which are 6.9 mm and 7.1 mm thick, respectively. While the devices are set to be available starting Sept. 19, the launch schedule for the South Korean market has
Samsung Electronics’ market cap falls below 200tr won

Sept 10, 2014

Samsung Electronics, South Korea’s leading tech giant, saw its market capitalization fall below the 200 trillion won ($195.1 billion) mark for the first time in two years, data showed Wednesday, as its mainstay mobile unit continued to suffer amid the rise of Chinese rivals. Samsung’s market cap came to 198.34 trillion won on Sept. 2, falling below the 200 trillion won mark for the first time since Sept. 7, 2012. While it managed to return to 200.5 trillion won on Thursday, it slipped back to 19
ITU preparation in full gear

Sept 10, 2014

Korea seeks to strengthen partnerships in convergence tech, IoT
Bungie’s ‘Destiny’ video game soars at launch

Sept 10, 2014

The hotly anticipated video game “Destiny” soared at its launch, setting a trajectory intended to eclipse the blockbuster hit its makers had with “Halo.” “Destiny,” from Bungie studio, was the most preordered new video game franchise in history, according to publisher Activision. “Destiny is the game we’ve always wanted to make,” Bungie president Harold Ryan said in a launch release.“We’ve dreamed of this universe for years, so we couldn’t be more thrilled to swing open the doors and let fans sh
Samsung Electronics's market cap falls below W200t

Sept 10, 2014

Samsung Electronics Co., South Korea's leading tech giant, saw its market capitalization fall below the 200 trillion won ($195.1 billion) mark for the first time in two years, data showed Wednesday, as its mainstay mobile unit continued to suffer amid the rise of Chinese rivals.Samsung's market cap came to 198.34 trillion won on Sept. 2, falling below the 200 trillion won mark for the first time since Sept. 7, 2012. While it managed to return to 200.5 trillion won on Thursday, it slipped back to
LG Uplus to sell iPhones for first time

Sept 10, 2014

LG Uplus Corp., South Korea's No. 3 mobile carrier, will sell Apple Inc.'s latest iPhones in South Korea along with its bigger rivals SK Telecom Co. and KT Corp., industry sources said Wednesday, marking the first time for LG Uplus to distribute Apple products here.Apple on Wednesday released the 4.7-inch iPhone 6 and 5.5-inch iPhone 6 Plus, which are 6.9 mm and 7.1 mm thin, respectively.While the devices are set to be available starting Sept. 19, the launch schedule for the South Korean market
Apple to reveal its next big thing

Sept 9, 2014

SAN FRANCISCO (AP) -- Apple is poised to reveal its next big thing Tuesday in a crucial attempt to prove its technological tastemakers still have the power to mesmerize the masses.The trend-setting company is expected to rouse the still-slumbering market for wearable computers with a smartwatch or bracelet equipped to monitor health, help manage homes and even buy merchandise.Apple is a late arrival to this relatively new niche: several other companies already sell smartwatches that are being gr
Apple’s CEO shakes doubters as stock surge greets iPhones

Sept 9, 2014

Apple Inc.’s prospects seem a lot brighter than they were the last time Tim Cook introduced an iPhone. When Chief Executive Officer Cook unveiled two new smartphone models 12 months ago, Apple’s stock was slumping and the company was losing market share to Samsung Electronics Co. and low-cost manufacturers such as Xiaomi Corp. Questions abounded about whether Apple could keep innovating without co-founder Steve Jobs. Fast forward to a year later and the company’s stock is flirting with a record
Microsoft revamps MSN to flow across devices

Sept 8, 2014

NEW YORK (AP) – Microsoft is giving its MSN news service a crisper look, new lifestyle tools and seamless syncing across devices.The company says the revamped site fits in with Microsoft's overall strategy of making mobile phones and Internet-based services priorities as its traditional businesses – Windows and Office software installed on desktops – slow down or decline. The changes also come as people increasingly read news on smartphones and tablets rather than desktop computers.Rather than b
Samsung, LG broaden global partnership

Sept 5, 2014

LG Electronics’ organic light-emitting diode TVSouth Korean tech giants Samsung Electronics and LG Electronics have been beefing up partnerships with global firms in their efforts to pursue convergence and innovation.Such collaboration efforts can be seen at the 2014 IFA, the world’s largest consumer electronics fair, which kicked off in Berlin Friday. The two tech firms are showcasing high-tech gadgets that they have codeveloped with their global partners. Samsung worked hand in hand with Oculu