LG Uplus Corp., South Korea’s No. 3 mobile carrier, said Monday its net profit halved on-year in the first quarter as it struggled through a series of business suspensions.Net profit came to 26.8 billion won ($25.8 million) in the January-March period, falling 63.9 percent from 74.3 billion won in the previous year, LG Uplus said in a regulatory filing. Revenue edged down 2.8 percent to 2.7 trillion won in the first quarter from last year, with its operating profit losing 8.1 percent to 113.1 bi

South Korea was the fifth-largest supplier of high-tech goods to the United States in 2013, up two notches from the year before, a report by an international trade organization said Sunday.According to the Korea International Trade Association (KITA), locally manufactured goods made the top 10 list in seven of the 10 high-tech fields.The fields examined were broken down by the harmonized system (HS) code used to track products traded between countries and covered information technology (IT), ele

A consortium led by Merck, a German-based chemicals giant, has developed a new printing process that enables more efficient production of organic light-emitting diodes and solar cells than conventional manufacturing techniques.Merck said that it has completed the development of the printed OLED technology process that will pave the way for the display industry to apply it and roll out “highly specialized applications” such transparent OLEDs.The project, funded by the German Federal Ministry of E

(AFP) - Japan's biggest mobile carrier NTT Docomo said Friday it would abandon a once-hopeful Indian telecoms business, becoming the latest major firm to run into trouble in the huge market.The Tokyo-based company said it would move to unload its 26.5 percent stake in money-losing Tata Teleservices as it also announced that its annual net profit turned down. Docomo, which had invested about $2.6 billion in the Indian firm over the past five years, held a board meeting Friday at which directors d

Microsoft Corp. completed its deal to take over Nokia Oyj’s phone business, ending a seven-month wait to renew its assault on the mobile market and leaving the Finnish company seeking growth in wireless networks.The final price may be “slightly higher” than the 5.44 billion euros ($7.5 billion) announced in September, Nokia said today in a statement. About 30,000 employees are transferring to Redmond, Washington-based Microsoft as part of the transaction, which was delayed amid regulatory scruti

SK hynix, the world’s No. 2 memory chip maker, said Thursday its net profit surged 348.9 percent in the first quarter from a year earlier on the back of improved sales in dynamic random access memory chips.Net profit came to 802.2 billion won ($771.7 million) in the January-March period, soaring from 178.7 billion won in 2013, the company said in a regulatory filing. Revenue gained 34.6 percent on-year to 3.74 trillion won in the first quarter, and operating profit also jumped to 1.05 trillion w

South Korea’s telecom ministry said Wednesday it would seek a law revision to slap fines of up to 100 million won ($96,300) on those using mobile phones under borrowed names, a practice used to conduct crimes and illegal activities while evading investigation.The Ministry of Science, ICT and Future Planning said it hopes to establish legal grounds by June to punish any activities related to using or inducing, advertising and mediating the use of such “pirate” phones, with possible penalties also

U.S. Defense Secretary Chuck Hagel got a first-hand look at a life-size robot Tuesday that resembles Hollywood’s “Terminator,” the latest experiment by the Pentagon’s hi-tech researchers.But unlike the cinematic version, the hulking Atlas robot is designed not as a warrior but as a humanitarian machine that would rescue victims in the rubble of a natural disaster, officials said. The 187 centimeter Atlas is one of the entrants in a contest designed to produce a man-like life-saver machine, the b

Telecom firm accepts over 8,000 voluntary redundancy applications