The Korea Herald

S. Korea set to join EU's joint R&D program

Nov 8, 2013

South Korea is expected to soon become a member of the Europe's research and development (R&D) program Eurostars, the Seoul government said Friday.Eurostars is a joint R&D programme run by EUREKA, a network of 41 European states, including all 28 member states of the European Union, according to the Korean Ministry of Trade, Industry and Energy.A memorandum of understanding centered on South Korea becoming a member of the programme was by South Korean Minister Yoon Sang-jick, who is currently ac
LG G2 chicken video goes viral

Nov 7, 2013

LG Electronics is well known for its eye-catching ads, mostly targeted at overseas consumers, and it has scored another hit with a viral ad spoof that ran on YouTube.The video, created by a local ad agency named Krema, has recorded almost 4 million hits since its release in September, all thanks to an imaginative scenario coupled with some unusual actors. The titular character is a chicken by the name of “Lizzy,” who is out to show just how the optical image stabilization works on the LG G2 sma
No Tizen TV before phone: Samsung

Nov 7, 2013

Industry figures tell forum that smart TV market needs time to grow
Samsung vows to widen gap with chipmaking rivals

Nov 7, 2013

Samsung Electronics, the world’s largest memory chipmaker, vowed to take a solid lead in the global memory market with its advanced vertical NAND flash memory technology, based on plans to unveil 36-layer V-NAND flash memory chips next year. “Samsung will definitely, if we can, enjoy an 80 percent market share,” said Robert Myung Yi, senior vice president of Samsung Electronics’ investor relations team, on Wednesday at Samsung Analyst Day 2013, where the company laid out its mid- and long-term s
YUJIN E-Tech tapping overseas etching market

Nov 7, 2013

YUJIN E-Tech, a photo etching firm in South Korea, is seeking to expand its business overseas by exploring potential foreign buyers, the company said.Established in 1993, the company specializes in the etching of numerous goods including metal keypads, juice extractors and filters, name plates, car doors, speakers, grills, and other sorts of electronics.Due to the nation’s harsh business reality facing small subcontractors, YUJIN E-Tech has decided to seek better deals from abroad where it hopes
Samsung to push for more M&As for growth

Nov 6, 2013

Tech giant sets sights on health care, smart cars
Smartphone launcher Buzzpia eyes overseas market

Nov 6, 2013

CEO says company has competitive edge over other rivals as it gives more leeway for users
Growing strategic role of CFOs in business

Nov 6, 2013

CFO means “chief financial officer.” But, increasingly, I think it has an even bigger meaning. At some top-performing finance organizations, the “F” from CFO is taking on the meaning of “future.”The CFO is the person in most companies who is in the best position to harness the expanding flood of data that can be used to inform and drive corporate strategy. We can’t just be scorekeepers. We need to help the company score ― meaning discovering new revenue growth opportunities.We need to understand
Government to punish KT for satellite giveaway

Nov 5, 2013

South Korea's science ministry said Tuesday it has opened a probe against KT Corp. as a part of its move to review the legitimacy of the firm's sales of the country's retired satellites at a dirt cheap price.The move came after parliament's communication committee revealed last week that KT sold the Mugungwha 2 and 3, South Korea's retired satellites launched in 1996 and 1999, respectively, to a Hong Kong-based satellite operator for a combined 4.5 billion won ($4.24 million).According to the co
Domestic SNS Me2day to shut down next June

Nov 5, 2013

South Korean microblogging service Me2day is to shut down in June 2014, a local news outlet reported Tuesday. The move is a reminder of how local social networking services have been giving way to global operators such as Twitter and Facebook in recent years.Naver, Me2day’s operator and Korea’s top Internet portal provider, recently said it would discontinue service in the face of market domination by worldwide SNS such as Twitter and Facebook, according to Money Today newspaper.It explained it
LG aims to lead flexible device market with G Flex

Nov 5, 2013

Unveiling its first curved smartphone, the G Flex, on Tuesday, LG Electronics expressed its confidence in taking the lead in the nascent flexible smartphone market. “The G Flex is one that shows the right direction for flexible smartphones, and even smart gadgets such as smart watches, to follow. LG will maintain its high reputation in the flexible smartphone market,” said Ma Chang-min, vice president of LG Electronics’ domestic marketing division, at a press conference. The Seoul-based electron
VMware seeks stronger partnerships with Samsung, LG

Nov 5, 2013

VMware, a global leader in virtualization software, expressed hopes to stay on close terms with its local clients including Samsung and LG. “Clearly, a part of my trip here is to meet with a number of major companies, some of the major telecoms and chief information officers. Given the long-term relationships I have with these companies, I hope to forge deeper relationships,” said Pat Gelsinger, CEO of VMware, during a press conference at Lotte Hotel on Tuesday. Regarding the possibility of whe
Dongbu Daewoo Electronics opens 100th store in China

Nov 4, 2013

Dongbu Daewoo Electronics Corp. has opened its 100th store in China, having first entered the market in July, company officials said Monday.At the opening ceremony for the store held in the city of Hangzhou on Saturday, the Korean electronics firm also unveiled new home appliances including the Classe Cube, a three-door refrigerator with space to store tea leaves, which has been specifically designed for Chinese consumers. Around 200 officials from the Chinese electronics industry participated i
Market share of Android smartphones hits new record in Q3: data

Nov 1, 2013

About four out of every five smartphones shipped globally in the third quarter ran on Google Inc.'s Android platform, data showed Friday, further cementing its dominance over other operating systems (OS).Shipments of Android-powered smartphones totaled a record 204 million units in the July-September period, according to the data by Strategy Analytics.That translates into the Android platform powering 81.3 percent of smartphones shipped during the cited period, also a record high, the data showe
Google rolls out Nexus 5 with LG

Nov 1, 2013

Google unveiled its new smartphone Nexus 5, which will run the latest Android 4.4 KitKat operating system, on Thursday in San Francisco. Following the previous Nexus 4, the U.S. search engine has again teamed up with LG Electronics.Google chairman Eric Schmidt, visiting Korea this week, met with LG Electronics’ mobile chief Park Jong-seok at the company’s R&D center in Incheon to discuss sales expansion of their latest smartphones. Key changes from its predecessor include a bigger 4.95-inch scr