The Korea Herald

Korean postal service inks deal with Vietnamese counterpart

Mar 11, 2014

Korea Post, the nation’s postal service, said Tuesday that it signed a memorandum of understanding with Vietnam Post, the state-run postal service of the Southeast Asian nation, aiming to foster collaboration between the two organizations. Under the deal, the two postal services pledged to cooperate on information technology sharing for postal services and promote money transfer services for the public from both nations.They also will run educational and exchange programs for officials at the po
LG rolls out latest UHD lineup in S. Korea

Mar 11, 2014

LG Electronics Inc., South Korea's No. 2 tech giant, launched its latest Ultra HD TV lineup of different sizes and shapes at home Tuesday, taking a step forward to narrow its gap with global rivals.The firm said it will release 16 UHD TV models this year, including those featured at the U.S. Consumer Electronics Show in January, which will also come in various sizes to meet different needs of customers.The UHD TVs, sized between 49 to 105 inches, will also be available in curved screens, which i
Telecoms to face another suspension in May: sources

Mar 10, 2014

South Korea’s telecom watchdog is expected to slap mobile carriers with another business suspension in May, industry sources said Monday, as part of the government’s drive to eradicate the custom of using subsidies to increase clients.The Korea Communications Commission, Seoul’s top telecom watchdog, is expected to announce its disciplinary measures against the mobile carriers on Thursday, the sources said. The measures are to follow last week’s 45-day business suspension handed down by the Mini
Telecoms to face another suspension in May: sources

Mar 10, 2014

South Korea's telecom watchdog is expected to slap mobile carriers with another business suspension in May, industry sources said Monday, as part of the government's drive to eradicate the custom of using subsidies to increase clients.The Korea Communications Commission, Seoul's top telecom watchdog, is expected to announce its disciplinary measures against the mobile carriers on Thursday, the sources said. The measures are to follow last week's 45-day business suspension handed down by the Mini
Bezel-free smartphones on horizon: CrucialTec CEO

Mar 9, 2014

Smartphones with fingerprint-scanning displays to be introduced as early as this year
Fire breaks out at Samsung semiconductor subcontractor

Mar 9, 2014

A fire broke out on Sunday at a local factory run by a subcontractor supplying semiconductor parts for Samsung Electronics’ new flagship Galaxy S5 smartphone. The fire started at 7:10 a.m. on the third floor of the three-story building in Gyeonggi Province, spreading through the second and third floors. It was put out at around 2 p.m., according to reports.The more than 10 workers who were working at the factory lines on the day were safely evacuated. No casualties were reported. The factory is
Science Ministry to inject W4.9tr into ICT projects

Mar 9, 2014

South Korea’s Science Ministry said Sunday it will inject nearly 4.9 trillion won ($4.6 billion) into beefing up the country’s information infrastructure this year.The Ministry of Science, ICT and Future Planning said it will invest 3.9 trillion won in 786 projects headed by government bodies and another 978.2 billion won in 5,990 projects by provincial authorities.The goal is to improve the livelihoods of South Koreans by boosting efficiency of local companies and state entities incorporating m
‘Internet of Things’ eyed as new key industry

Mar 9, 2014

Korea, anxious to hold onto its reputation as an IT powerhouse, is looking to the “Internet of Things” as a new high-tech industry. “The government will map out its plans to foster the IoT industry early next month,” said Kim Jung-sam, head of the Ministry of Science, ICT and Future Planning’s new Internet industry division. IoT refers to the communication and exchange of information among devices via the Internet with little human intervention. “As IoT is no longer limited to information commun
Telecom ministry starts probe into KT hacking

Mar 7, 2014

South Korea's telecom ministry said Friday it will launch an investigation into the latest hacking incident at KT Corp. that led to millions of customers' personal data being leaked.The Incheon Metropolitan Police Agency said on Thursday it arrested three suspects for allegedly hacking into the company's website and stealing data of some 12 million clients of the mobile carrier.The Ministry of Science, ICT and Future Planning said it will establish a team of government officials and online secur
LG's smartphone revenue tops $11b in 2013

Mar 6, 2014

South Korea's No. 2 tech giant LG Electronics Inc. saw its revenue from smartphone sales reach $11.07 billion last year, market research data showed Thursday, further distancing itself from smaller tech players around the globe. The pursuer of Samsung Electronics Co. became the world's No. 3 smartphone maker in terms of sales in 2013 by accounting for 4.1 percent of the industry's combined revenue, the data by Strategy Analytics showed. LG's latest standing marked an improvement from sixth
Era of biometrics begins

Mar 5, 2014

Wide range of recognition technologies, solutions to be introduced for data protection
LG Uplus to export LTE know-how to Taiwan

Mar 5, 2014

LG Uplus, Korea’s third-largest mobile carrier, said Wednesday that it has sealed a deal to provide consulting on Long Term Evolution operations to Taiwan Star Cellular Corp.Under the agreement, LG Uplus will share some of its expertise with TSCC in setting up LTE network infrastructure, marketing, sales and 4G services.The Korean telecom company will help TSCC adopt LG Uplus’ core technologies, including LTE for high-definition viewing, to offer quality high-speed network services in Taiwan.TSC
Samsung smartphones grab 65% of global Android market

Mar 3, 2014

Samsung Electronics’ smartphones account for almost two-thirds of the Android-powered smartphone market, according to Localytics, a global market research firm. The smartphones manufactured by the Korean tech giant snatched up 65 percent of the entire Android market, according to the research firm’s February report.Among the Samsung mobile devices, the Galaxy S series took up 30 percent. The most popular model of the Galaxy lineup was the S3, which recorded a 15 percent market share, while the S
LG Chem CEO pledges large-scale R&D investment

Mar 2, 2014

LG Chem CEO Park Jin-soo said the world’s leading chemical company will reinforce research and development at its core businesses to bolster growth. “By constantly increasing investment in R&D, LG Chem will seek to maintain its leadership in the world’s materials markets,” the chief executive said at a press meeting in Seoul last Friday.He pledged to invest 590 billion won ($553 million) in R&D this year to achieve a sales target of more than 30 trillion won by 2017, up by 31 percent from 450 bi
NHN Entertainment CEO joins Korea's stock-rich list

Mar 2, 2014

The chairman of NHN Entertainment Corp., a leading local online game operator, has joined the list of South Korea's stock rich, whose stock holdings are worth more than one trillion won ($937 million), data showed Sunday.Lee Jun-ho, the chief executive of NHN Entertainment, saw the value of his stocks reach 1.63 trillion won as of the end of February, up 12.3 percent from 947.2 billion won at the end of last year, according to Chaebol.com, which tracks the country's family-run conglomerates know