The Korea Herald

KT teams up with police to export security system

Feb 12, 2014

KT Corp. said on Wednesday that together with the National Police Agency it plans to export its IT security system to Angola. This marks the first inroads for the telecom company into Angola, where KT, based on the technology of Korea’s police command and control systems, hopes to offer assistance in establishing security infrastructure. For its part, the Korean police will support the Angolan police authority by providing it with administrative and operational know-how on smart security systems
KT to export security systems to Angola

Feb 12, 2014

KT Corp., South Korea's No. 2 mobile carrier, said Wednesday it has signed a deal with the Angolan government to export its security systems to the police there.Under the deal, KT will provide the African country with its security solutions including closed circuit television in the capital city of Luanda to prevent crimes.The project, which is estimated to be worth 41 billion won ($38.4 million), is due to be completed by 2016."KT will sign a memorandum of understanding soon, and it will share
Tech giants slash UHD TV prices amid competition

Feb 12, 2014

South Korean tech companies have been slashing prices of Ultra HD (UHD) TVs in the global market, data showed Wednesday, as they vie for consumers amid stiff competition.The latest price of the 55-inch UHD TV made by Samsung Electronics Co., the world's top TV maker, was $2,999 in the U.S. market, down 45.4 percent from $5,500 in August, market data showed.The price for the same size made by LG Electronics Inc., South Korea's No. 2 tech giant, came to $3,500, also falling sharply from $6,000 in
Galaxy S5, iPhone 6 to come bezel-free

Feb 11, 2014

Samsung, Apple vie to roll out slimmer, savvier next-generation smartphones
KT affiliate raided over alleged massive loan fraud

Feb 11, 2014

Police on Tuesday raided the offices of a KT Corp. affiliate as part of their investigation into allegations of large-scale loan fraud by employees.KT ENS Co., affiliated with KT Corp., the country's No. 2 mobile operator, is being probed over suspicion of illegally taking out some 280 billion won ($260 million) in loans from 16 local banks with forged documents.A team of officers of the Seoul Metropolitan Police Agency seized computer hard drives and related documents during the raid of six off
Small fine for small Google

Feb 10, 2014

[Reporter's Column] Can’t live with it, can’t live without it. This is what most tech-savvy Koreans think when Google comes to mind.It may be big overseas where it spends billions of dollars to invest in and acquire start-ups. But the global search giant is relatively a “small kid on the block” in Korea, the playground of Naver and Daum.This is why, for some observers, it seemed fair when Korea‘s communications regulator recently slapped Google with a fine of just 210 million won ($196,000).It m
Between inks investment deal with Japanese firm

Feb 10, 2014

VCNC, the operator of Between, a mobile messenger application for couples, said Monday it has successfully attracted investment from DeNA Co., a global leader in mobile Internet services. The Korean start-up said the investment is aimed at forming a business alliance to promote the mobile application and turn it into an open platform to improve its sales drive.“We are pleased to welcome DeNA as a strategic investor,” VCNC’s chief executive Park Jae-uk said in a press release. “We look forward to
S. Korea's IT trade surplus widens in January

Feb 10, 2014

South Korea's trade surplus in the information technology sector widened last month from a year earlier as its exports inched up while imports shrank, the government said Monday.Outbound shipments of IT products edged up 0.2 percent from the same month last year to $13.13 billion in January, partly on growing demands in European and Southeast Asian countries, according to the Ministry of Trade, Industry and Energy."Despite various external factors, such as the weak Japanese yen and financial ins
SK Telecom to acquire NSOK, tap security business

Feb 10, 2014

South Korea's top mobile carrier SK Telecom Co. said Monday it plans to purchase a local security firm to expand its business portfolio and seek synergy with its information and communication technology.The firm said it will buy NSOK Co., South Korea's No. 4 security and guard company, by the end of this month. SK Telecom has not yet revealed details of the deal, including the price.Industry watchers said SK aims to use its telecommunications technology in entering the security business and chal
LG Electronics supplies Google with auto parts

Feb 9, 2014

Experts say Google may prefer LG to larger parts makers
Samsung in innovation doldrums

Feb 9, 2014

World’s largest smartphone maker at a loss for ‘the next big thing’
Sony’s planned TV spin-off to boost Chinese rivals

Feb 9, 2014

Samsung, LG not likely to benefit from Sony’s restructuring plans
Samsung stirs controversy over Apple ban at Olympics

Feb 9, 2014

A controversy is heating up surrounding claims that Samsung demanded athletes to cover up their non-Samsung electronic products such as Apple’s iPhones during the Sochi Winter Olympics.Samsung, a major Olympic sponsor, has allegedly set a condition for athletes receiving gift bags with Samsung’s Galaxy Note 3 smartphones: to physically hide all Apple’s logos if they are using products such as iPhones during the opening ceremony of the games.Details of the clamp-down, which is said to require tha
HTC, Nokia reach settlement on patent lawsuits

Feb 8, 2014

Taiwan's smartphone maker HTC said Saturday it has signed a patent and technology collaboration agreement with Finnish phone giant Nokia to end all pending patent litigation between them.Under the deal, HTC will make payments to Nokia and the collaboration will involve HTC's LTE patent portfolio to further strengthen Nokia's licensing offering, a company statement said.The companies will also explore future technology collaboration opportunities, HTC said, adding that the full terms of the agree
Brother of Samsung chief calls for reconciliation

Feb 7, 2014

The elder brother of Samsung Electronics Chairman Lee Kun-hee called for reconciliation with the chairman, his law firm said Friday, a day after he lost an inheritance appeal.Lee Maeng-hee said through Yoon & Yang LLC that he hopes to quickly open a dialogue channel with Samsung for reconciliation with South Korea's richest man.He said his "sincerity to end the case with a heartfelt reconciliation remains unchanged," according to the law firm.The move came a day after the Seoul High Court upheld