A Samsung Electronics top official said Friday that the company would consider increasing share dividends this year in an apparent move to attract investors amid fierce competition and global economic woes. Co-CEO Kwon Oh-hyun“Samsung Electronics actively executed strategies to enhance value for investors despite the stagnant stock prices in 2014,” co-CEO Kwon Oh-hyun said in a letter sent to investors of the tech giant Thursday. He added that “Samsung would consider increasing share dividends t

Samsung Electronics, the world’s largest electronics company, said Thursday it was not targeting high-end consumers, but the mass market.“Samsung is not a luxury brand, but one that is trying to deliver affordable premium values to the masses,” said Kim Hyun-seok, president of Samsung’s TV business unit, at a media conference in Seoul for the launch of the 2015 super-ultrahigh-definition TV lineup.  Kim Hyun-seok, head of Samsung Electronics’ TV business unit, poses with the 2015 SUHD TV lineup

There are no permanent friends or enemies in business. This maxim seems to hold true in relations between South Korean game developer NCSoft and its largest shareholder Nexon, which are at odds over management control.Market analysts said the escalating tug of war between the two game firms would benefit foreign investors.“Since most of the foreign investors of NCSoft are fund trustees and hold around a 2 percent share or less, there are few chances for them to take any concerted action in regar

Cree, a leading U.S. light-emitting diode-maker, said Wednesday it has launched sales of its LED lighting products in Korea, showing its confidence to take on other competitors including Osram and Philips.  San Francisco International Airport is one of Cree’s biggest customers. (Cree)Established in 1987 in the U.S., the company now operates in 12 global markets including Canada, Germany and Hong Kong and holds 4,000 patents related to LED technology.Some of its business-to-business or business-t

‘비즈니스에서 영원한 친구, 영원한 적은 없다’ 오랜 기간 동맹 관계를 유지한 엔씨 소프트와 넥슨의 ‘3월 대전’을 앞두고 게임 업계에는 긴장감이 흐르고 있다. 엔씨 소프트는 오는 3월 주주총회를 개최할 예정이다. 엔씨 소프트의 최대 주주이기도 한 넥슨이 경영참여를 적극적으로 하겠다고 선언한 상황에서 양쪽 진영이 어떤 카드를 들고 나올지 궁금증이 증폭되고 있다.  엔씨소프트 김택진 사장 (코리아헤럴드)이번 엔씨-넥슨 사태가 외국계 투자기관들에게는 이익이 될 것이라고 애널리스트들은 전망했다. 미래에셋증권 고훈 연구원은 “외국 투자자들이 보유한 주식은 많은 곳이 2프로 정도이고, 이들이 이번 사태에 대해 연합으로 한 목소리를 내기는 힘들 듯 하다”고 밝히며 “하지만 엔씨-넥슨 양측 모두 주주의 눈치를 볼 수 밖에 없으며, 주주의 가치를 높이는 선택을 할 수 밖에 없을 것”이라고 말하며 외국 투자자들이 이익을 볼 수 있을 것으로 예상했다. 실제로 외국 투자자들도 이번 엔씨-넥슨의 경영권

Samsung Electronics said Tuesday it would unveil its Galaxy S6 in Spain on March 1, hoping the latest model of the smartphone will boost sales in the face of intense competition from Xiaomi’s budget phones and Apple’s iPhone 6. Samsung Electronics’ invitation to the press, analysts and developers for the Samsung Galaxy Unpacked 2014 event in Barcelona on March 1. (Samsung Electronics)The unveiling will come one day before the Mobile World Congress, the world’s largest festival of telecommunicati

Korea’s largest telecommunications firm, KT, has signed a deal with Chinese media titan Hengdian Group to jointly build a smart theme park in China, which will incorporate information technology and cultural content. Xu Wenrong (third from right), chairman of Hedingan Group, watches a live 3-D show with Yun Kyoung-lim (second from right), senior vice president of KT’s future convergence strategy office, at the Dongdaemun Design Plaza in Seoul on Monday. (KT)At a signing ceremony for a memorandum

South Korea’s current account surplus extended its record for the 34th consecutive month in December, but the accumulated annual amount fell below the central bank’s initial forecast last year, according to preliminary data by the Bank of Korea on Monday.The current account surplus, the broadest measure of trade, hit a record high of $89.4 billion last year, up from $81.1 billion a year before ― but slightly short of the central bank’s forecast of $90 billion.In December, the current account sur

DAEJEON ― The Daejeon Creative Economy Innovation Center, an institute run by SK Group to support start-ups, has become a hotbed of business creativity. Housed at KAIST, one of Korea’s most prestigious tech and science universities, the creative economy center was jointly established by Daejeon Metropolitan City, KAIST, and SK Group last October with an aim to nurture entrepreneurs and help fledgling businesses conduct research and development and commercialize their technology at home and abroa

Strong sales of Apple’s iPhone 6 and Xiaomi’s low-end smartphones pushed Samsung Electronics, the world’s largest smartphone maker by sales volume, to record its weakest annual earnings in three years.The Korean tech giant said Thursday it posted an annual revenue of 206.2 trillion won with its operating profit standing at 25 trillion won, down by 10 percent and 11.8 percent respectively, from a year earlier. The sluggish sales of Samsung’s flagship smartphone, the Galaxy S5 which was released l

A battle has begun for control of NCSoft, the nation’s second-biggest game developer, as Nexon, its largest shareholder, has officially vowed to participate in its management. Nexon, the largest online game firm in South Korea, said Tuesday that it would shift from merely investing in NCSoft, the runner-up in the domestic market, to taking part in its management.“The company made the decision since it has found it difficult to swiftly respond to the rapidly changing IT industry with the previous

LG CNS employees pose at the firm’s mentoring program for new workers. (LG CNS)LG CNS, one of Korea’s information technology solutions developers, said Wednesday that it has launched this year’s mentoring program between senior and junior employees. First started in 2006, the corporate mentoring programs have helped fresh employees adjust to their new workplace and build bonds with colleagues. “In order to become an IT expert, one should quickly adapt to the fast changing work environment,” said