Mobile messengers eye merchandising business

They say that time heals all wounds.For young musician hopefuls such as Lee Hyung-jin and Lee Hyun-soo, not only time but also music has helped them overcome their personal difficulties and allow their scars to heal as they discovered their gifts.Both coming from poor backgrounds with their parents constantly working long hours, the lives of Hyung-jin and Hyun-soo, who are not related, were never easy. Hyung-jin lives in Chungju, North Chungcheong Province, and Hyun-soo in Icheon, Gyeonggi Provi

Internet giant Google made the Asian debut of its streaming stick, Chromecast, in Korea on Tuesday.The device-to-TV casting dongle, priced at 49,900 won ($48.80), enables smartphone or tablet PC users to watch YouTube videos or movies purchased on the Google Play application platform on TV screens, the company said. Casting to the TV is currently only available on certain applications, including local streaming services Tving and Hoppin, but Google plans to expand its collaboration with other co

Jay HahmCloud computing is no longer a buzzword. It is now a critical and strategic component for businesses across sectors. The cloud initiative means that IT decision makers have to sort through a copious amount of information to make the right choices, focusing on a holistic view of all aspects of the organization ― not only IT ― that are impacted, including people, processes and technology. Effectively defining and building a complete cloud implementation can lead to a total business transfo

LG Group chairman Koo Bon-moo stressed the importance of fundamentals at work during a seminar with executives on Tuesday. His comments came at time when safety concerns, raised by the recent ferry disaster, have swept the nation. “We must pay the keenest attention to the fundamentals while doing businesses to detect any negligence in safety or quality,” the chairman told the top executives of LG’s affiliates at its headquarters in Yeouido, Seoul.  LG Group chairman Koo Bon-moo“If the company be

Perhaps the market should have seen it coming that one day people of this country would see Samsung boss Lee Kun-hee in hospital and either bid him farewell or hope that he recovers.Thankfully, Samsung said the 73-year-old chairman is doing okay and is no longer on life support after an emergency procedure on his heart and arteries in the wee hours on Sunday.His health will be back to normal in 24 hours, by Tuesday, and Samsung is operating as usual, the group said. No need to panic.But Korea wa

South Korea’s nominal gross domestic product per capita surpassed $24,000 last year, which was the 33rd highest in the world, according to the International Monetary Fund. This is up from 34th in 2012 and 41st in 2008.The country’s per capita nominal GDP came to $24,329 last year, up from $22,590 in 2012, according to the IMF data compiled by the Ministry of Strategy and Finance.Luxembourg topped the list with $110,423, followed by Norway and Qatar with $100,318 and $100,260, respectively. Switz

Google invites more Korean app developers to the platform

Dongbu Daewoo Electronics CEO Choi Jin-kyunDongbu Daewoo Electronics, a local consumer electronics maker, said Monday that it has appointed Choi Jin-kyun, a former Samsung Electronics executive, as its new CEO. Before joining Dongbu, Choi had served as vice president of Samsung Electronics’ consumer electronics unit for three years since 2006. “We have gained a foothold in the consumer electronics market since acquiring Daewoo Electronics last February. With the new CEO, we aim to take our curre

LG G Pad. (LG Electronics)LG Electronics, South Korea’s No. 2 tech giant, said Monday it plans to expand its tablet PC lineup to cover various sizes and also give better connectivity with smartphones.The company said it will add 7-inch, 8-inch and 10.1-inch sizes to its flagship G Pad, without elaborating on key features or the release date. The showcase will be held in June, it said.LG had introduced its first G Pad in October last year, an 8.3-inch model.LG said the new models will be equipped