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African nations learn standardization from LG

IndustryMay 31, 2011

LG Electronics, the flagship unit of LG Group, is passing down its know-how for standardizing technology to African nations to help bolster growth in the region, the Seoul-based company said.The African Organization for Standardization and the chiefs of technology standardization at eight other African countries gathered at the standardization test lab in LG Electronics’ research and development c
[Herald Interview] Edwards seeks bigger Asian presence with new plant

IndustryMay 30, 2011

The decision to build a plant in Korea for manufacturing dry pumps for semiconductors was a natural one designed to give Edwards a leg-up in the Asian markets. “Korea is geopolitically well-situated to be able to export to the (Asian) markets due to its proximity to the customer, ability to form intimate relationships with them and concentration on technology and right quality of people,” Mathew T
U.S. consumers give 3-D two thumbs up

IndustryMay 29, 2011

Almost 90 percent of U.S. consumers have given high ratings to the picture quality of 3-D televisions and did not mind the battery-charged eyewear used to watch the three-dimensional images.Up to 88 percent of some 3,065 3-D-capable set owners who participated in a poll commissioned by The Digital Entertainment Group said last week that they were satisfied with their 3-D home viewing experience an
LG aims W50tr to go from smokestack to high-tech

IndustryMay 29, 2011

OCHANG/CHEONGJU, North Chungcheong Province ― LG Group’s chemical affiliates is targeting 50 trillion won ($46 billion) in sales by 2016 in a bid to complete the firms’ transition from smokestack to high-tech.The combined sales target of LG Chem, LG Household & Healthcare, LG Hausys and LG Life Sciences would mean double the 24.8 trillion won they raised last year. The growth, LG said, would be dr
Siemens taps Kim as Korean unit head

IndustryMay 26, 2011

Siemens Korea will next month appoint Kim Jong-kap, former head of Hynix Semiconductor, to become the first Korean chief executive in its 60-year history, the company said on Thursday. Kim Jong-kapKim, 59, was most recently chief of Hynix, the world’s No. 2 memory-chip manufacturer. He completed a three-year term that started in 2007 and is currently head of the board of directors. Prior to Hynix
U.S. media reports 3-D TVhealth risks

IndustryMay 26, 2011

The U.S. media has highlighted health risks related to excessive exposure to 3-D television at home, warning that it could negatively impact eyesight, especially among children.Citing expert opinions, NBC said kids’ eyes continue to develop until the age of 10, meaning the way their eyes learn to focus could be altered by too much 3-D vision. Another issue was the difference in the 3-D technology
[Herald Interview] Zippo to ignite new flame in Korea: exec

IndustryMay 25, 2011

Zippo, most widely known in Korea and around the world for its portable lighters dating back to the second world war, is aiming to rebrand in efforts to reach out to more consumers in search of individuality.“On a global basis, Zippo is moving aggressively from a lighter manufacturing company to a lifestyle products marketing company,” David B. Warfel, the global marketing director of Zippo Manufa
Apple, Samsung in talks over displays for iPad 3

IndustryMay 25, 2011

Samsung's Galaxy S 2 smartphones (Yonhap News)‘Apple COO Tim Cook visited Korea to discuss bilateral cooperation’ Apple Inc.’s chief operating officer Tim Cook discussed adopting Samsung’s AMOLED display technology for tablet PCs during his recent visit to South Korea, industry sources said.“Apple wants to tap into Samsung’s AMOLED technology for an upgraded version of the iPad 2, considered as m
Shinsegae probed over sales of gift vouchers

IndustryMay 23, 2011

The Busan Metropolitan Police Agency on Monday said it is investigating Shinsegae Department Store on allegations that its employees illegally sold gift vouchers worth billions of won to ramp up sales performances. The police have raided Seoul and Busan Centum City offices of the department store and is combing through all financial records related to the gift certificates, officials said. “It’s s
HTC ups commitment to woo Korean consumers

IndustryMay 20, 2011

Jack Tong, president of HTC’s North Asia markets, on Friday pledged to beef up commitment on the observation that Korea is a “difficult place” for a foreign brand to succeed mainly due to the competition posed by strong local brands.“I have to admit it is not easy. The Korean market is the most difficult and challenging market for foreign brands,” Tong said. “It’s difficult for the foreign brands
Samsung wins award for 3-D TV

IndustryMay 19, 2011

Samsung Electronics has received the Best in Show award for its 70-inch “Ultra Definition” 3-D technology at this year’s Display Week 2011, the company said on Thursday. The Society for Display, a leading global organization dedicated to electronic display technology and organizer of the event, announced the selection of Samsung Electronics at Display Week, which is being held in Los Angeles this
[News Focus] Mixed fate for Hynix, Korea Express

IndustryMay 19, 2011

Two heavyweight firms up for grabs on local M&A marketThe company boasts a healthy financial report card, and has long-term expertise in logistics as one of the nation’s first logistics firms ― it was established in 1930. No one for Hynix Hynix, due to its heavy dependence on research and technology, is considered a business that is not as lucrative as expected because of the capital it is forced
What’s your favorite app?

IndustryMay 17, 2011

Applications related to media, games, lifestyles most profitableChoi Hyun-young, a wedding planner by profession, says life has become so much easier since downloading Awesome Note on her smartphone. The application ― which is basically an online organizer and note-taker ― helps Choi keep her hectic schedule intact with customized folders for work and her personal life, under which she keeps and m
Samsung phones stay on top of U.S. market

IndustryMay 16, 2011

Global mobile phone market gets significant boost by burgeoning demand for smartphonesSamsung Electronics, the world’s second-largest phone maker, has held the biggest U.S. market share for 11 straight quarters anchoring its position as a top seller in the region, according to market research data.Strategy Analytics on Monday said Samsung’s market share stood at 27.4 percent after selling 12.6 mil
Six out of 10 happy to work longer for less: KCCI survey

IndustryMay 16, 2011

Six out of 10 salaried workers are willing to apply for the salary peak system to stay employed longer, the Korea Chamber of Commerce and Industry said on Monday. The salary peak system provides older workers with an opportunity to work past their retirement age, but for a smaller salary once their “peak” has passed. A survey taken by the chamber showed that out of 353 salaried workers, almost 60