The Korea Herald

Samsung chairman wins inheritance lawsuit

Feb 6, 2014

The Seoul High Court turned down Thursday an inheritance suit against Samsung chairman Lee Kun-hee lodged by his elder brother Maeng-hee, upholding a lower court’s previous ruling in favor of the younger Lee. “The court judged that the plaintiff (and other siblings) implicitly agreed on (Samsung chairman) Lee’s inheritance of shares in Samsung Group affiliates including Samsung Life Insurance and Samsung Electronics since they did not file any complaint about it for a long period of time,” said
Samsung takes 31.6% share of N. American smartphone market

Feb 6, 2014

Samsung Electronics Co.’s smartphones accounted for more than 30 percent of the North American market last year, data showed Thursday, a significant improvement from the 4.7 percent in 2007.The South Korean tech giant grabbed a 31.6 percent share of the North American market by shipping 44 million units last year, the data compiled by Strategy Analytics showed. It marked the first time for the number to surpass 30 percent in that region.Samsung’s market share in North America grew nearly twofold
SpaceX’s next cargo mission to space station due March 16

Feb 6, 2014

The next cargo supply mission to the International Space Station by the company SpaceX has been set for March 16, NASA said Wednesday.SpaceX’s unmanned Dragon capsule will launch from Cape Canaveral in Florida at 4:41 a.m. (0941 GMT) on its third trip ferrying supplies and equipment to the orbiting lab, the U.S. space agency said in a tweet.Owned by Internet entrepreneur Elon Musk, SpaceX became the first commercial entity to reach the space station with its Dragon cargo ship in 2012.The company
Experiment adds sense of touch to artificial hand

Feb 6, 2014

WASHINGTON (AP) ― To feel what you touch ― that’s the holy grail for artificial limbs. In a step toward that goal, European researchers created a robotic hand that let an amputee feel differences between a bottle, a baseball and a mandarin orange.The patient only got to experiment with the bulky prototype for a week, and it’s far from the bionics of science fiction movies. But the research released Wednesday is part of a major effort to create more lifelike, and usable, prosthetics.“It was just
Samsung tops large display market for 5th year

Feb 5, 2014

South Korea’s tech giant Samsung Electronics Co. became the top maker of Large Format Displays for the fifth consecutive year in 2013, market research data showed Wednesday.Samsung had 26.3 percent of the world’s LFD market through the third quarter of 2013, more than double the 10.4 percent posted by No. 2 player NEC Display Solutions Ltd. from Japan, the data compiled by DisplaySearch showed.LG Electronics Inc., Samsung’s smaller South Korean rival, accounted for 5.8 percent over the cited per
AfreecaTV aims to outdo YouTube

Feb 5, 2014

Improved technical services, functions to boost Korean mobile broadcaster
Korea’s culture industry should be as diverse as its culture

Feb 5, 2014

We talk a lot about corporate culture, but it’s worth dwelling on how Korea’s dominant corporate structure has affected the arts and the ability of Korea’s artists to succeed. The success of Korea’s conglomerates in recent years hasn’t been matched by other parts of the economy. Just two companies ― Samsung Group and Hyundai Motor Group ― generated over 30 percent of Korea’s operating profits in the fourth quarter. That’s a tribute to those companies’ innovations and hard work. But surely Korea
SK Networks' net loss widens in Q4

Feb 5, 2014

SK Networks Co., the trading unit of South Korea's third-largest conglomerate SK Group, said Wednesday its net loss in the fourth quarter of 2013 soared from a year ago due to decreased sales and overseas investment.The loss came to 434.11 billion won ($402.1 million) in the October-December period, compared with a net loss of 38.25 billion won a year ago, the company said in a regulatory filing.Sales fell 5.7 percent to 6.49 trillion won in the period, but operating profit rose 17.1 percent to
LG to roll out 34-inch split-screen monitor for multitasking, movies

Feb 5, 2014

South Korea's No. 2 tech giant, LG Electronics Inc., said Wednesday it plans to launch a new monitor equipped with in-plane switching panels, optimized for watching movies and multitasking.The new model, named "34-inch UM95," features a 21:9 screen with wide QHD resolution of 3440×1440, offering a 238 percent wider screen compared with the previous full HD displays, it said.The company said the product's wide screen makes it suitable for watching movies or online lectures.LG Electronics added th
Samsung, LG to supply batteries for Apple’s iWatch

Feb 4, 2014

Upcoming smart watch to sport LG Chem’s stepped batteries for better energy efficiency
Samsung to roll out next Galaxy smartphone on Feb. 24

Feb 4, 2014

South Korea’s tech giant Samsung Electronics Co. is anticipated to roll out its next Galaxy smartphone lineup, presumably the Galaxy S5, at the annual Mobile World Congress slated for later this month.The world’s top smartphone maker said Tuesday it will hold the “Samsung Unpacked 2014 Episode 1” event in Barcelona, Spain, on Feb. 24. It said it will introduce new mobile devices but did not provide further details.Samsung’s press release, however, carried a blue stamp showing a box being unpacke
LG Display tops LCD market for fourth year running

Feb 4, 2014

South Korea’s panel giant LG Display Co. led the global market for large-sized liquid crystal displays for the fourth consecutive year in 2013, market research data showed Tuesday.LG Display accounted for 26.7 percent of the world’s 9.1-inch-and-above LCD market last year by shipping 186.6 million units, according to the data compiled by DisplaySearch.While LG maintained its No. 1 spot for the 17th consecutive quarter since the October-December period of 2009, the latest figure marked a slight d
Elements come together for next big telescope

Feb 4, 2014

All the pieces of the most powerful space telescope ever are ready for assembly at NASA, the space agency said Monday.The $8.8 billion James Webb Space Telescope is scheduled for launch in 2018 and aims to provide an unprecedented look at far-away planets and the first galaxies formed.A successor to the Hubble Space Telescope launched in 1990, it is a joint project of NASA, the European Space Agency and the Canadian Space Agency.All 18 of its primary mirror segments and four science instruments
Samsung fast catching up with Apple in tablets: data

Feb 4, 2014

South Korea's tech giant Samsung Electronics Co. is quickly catching up with Apple Inc. in the tablet PC market, data showed Tuesday, taking over markets previously dominated by its U.S. rival.The world's No. 1 smartphone maker emerged as the largest seller of tablet PCs in three regions in 2013 -- Latin America, Central-Eastern Europe and Africa-Middle East -- by taking up 22.8 percent, 25 percent and 18.3 percent of the markets, respectively, Strategy Analytics said.Apple, which held a compara
[Newsmaker] LG Uplus rises on LTE leadership

Feb 3, 2014

Faster connection spurs Uplus to close in on KT