The Korea Herald

Kim Young-won

안녕하세요 Kim Young-won 기자입니다.

Articles by Kim Young-won

Samsung, LG make list of top 100 reputable firms

TechnologyJun 25, 2014

Samsung Electronics and LG Corp. were the only two Korean firms that appeared on a list of the top 100 reputable companies around the world released by research firm Reputation Institute. Samsung Electronics, one of the world’s largest electronics makers, shared the 10th spot with software giant Microsoft with 75 points out of 100. LG Corp., outpacing other global firms including General Electric, ranked 64th with 68.8 points. LG, however, was in eighth place among the 11 electronics firms that
LG Uplus forges ahead for faster LTE-A services

TechnologyJun 23, 2014

LG Uplus, the third-largest mobile carrier in Korea, announced that it would start offering new services based on the broadband Long Term Evolution advanced networks on Monday.The new services, which will be available from July, include Netflix-like movie streaming service Uflix Movie, high definition TV streaming service U+HDTV New, and U+Navi Real, a navigation system featuring live video of traffic conditions.The firm said those services would herald the beginning of the era of “video LTE.”“L
[Herald Interview] Internet David Zum takes on Web Goliaths

TechnologyJun 22, 2014

The Internet market in Korea where just a few top Web-portals and browsers like Naver, Google and Microsoft are dominant is tough nut to crack. Despite little chance of success, local internet firm Zum Internet is creating a challenge against Internet behemoths with its Web-portal Zum.com and Internet browser Swing Browser. “Our goal is to provide the fastest and the most comfortable services for Internet users,” Chung Sang-won, vice president of Zum Internet, told The Korea Herald. “To that end
Samsung Electronics likely to see profits dip for second quarter

TechnologyJun 20, 2014

Samsung Electronics will see its profit drop for the second consecutive quarter in the April-June period mostly due to slow smartphone sales, according to market analysts Friday. They said the profit decline in the second quarter was largely attributable to the lower performance of its mobile business unit, whose operating profit accounts for more than 60 percent of the tech giant’s overall profit. “Even though the profits of semiconductor, display and consumer electronics businesses will likely
LGE in full throttle ahead of summer

TechnologyJun 19, 2014

CHANGWON, South Gyeongsang Province ― A group of Korean journalists was recently invited to tour one of LG Electronics’ plants for dehumidifiers and air conditioners where work was in full swing to make sure consumers had access to the products before monsoon season hits Korea.We were immediately exposed to a mechanical cacophony, with grinding conveyor belts running along the 120-meter assembly lines combining with the noise of the automatic screwdrivers, packaging machines and automated vehicl
SDI aims to be No.1 materials and energy solutions firm

TechnologyJun 18, 2014

Samsung SDI, a leading battery maker that is scheduled to merge with Samsung Group’s materials business arm Cheil Industries, is aiming to become a top materials and battery company.“Samsung SDI expects the merger to create synergy effects as it will be able to reinforce the firm’s battery business by utilizing the materials technology of Cheil Industries,” a Samsung SDI official said. Cheil Industries will be able to make use of the battery company’s global networks and marketing capability, an
Korea to share experience of reforestation with the world

TechnologyJun 18, 2014

Desertification, along with other environmental problems including droughts and water shortages, pose a serious threat to the human race. Experts now point out that the number of environmental refugees, which hit 50 million in 2010, could reach 200 million due to such environmental problems.In order to slow down the desertification process, world leaders and environmentalists are proceeding with initiatives such as the Great Green Wall, which is aimed at creating a forest belt ― measuring 15 km
KT, SKT tie up with small firms to tap global market

TechnologyJun 16, 2014

Korea’s leading mobile carriers are ramping up efforts to nurture startups and help them gain a foothold in the global market. KT Corp., Korea’s largest telecom company, said Monday that it would run a startup nurturing program, called “Startup Nomad,” in collaboration with VentureSquare, a leading Korean startup accelerator. A total of eight teams will be selected for the program and given a variety of support to begin a business at home and abroad. The support includes seed capital of 20 milli
LG Chem expands in China’s EV battery market

TechnologyJun 15, 2014

LG Chem, the world’s leading electric car battery maker, said Sunday it had inked supply deals with SAIC Motor and Qoros Automotive, two of China’s leading car assemblers.Under the deals, the South Korean battery manufacturer will supply batteries for SAIC’s next-generation plug-in hybrid electric vehicles, and Qoros’ hybrid electric vehicles.LG Chem did not give further details on the deals, citing its nondisclosure agreements with the automakers. LG Chem president Kwon Young-soo. ( LG Chem)“L
KT, China Mobile unveil world’s first VoLTE roaming

TechnologyJun 12, 2014

SHANGHAI ― KT Corp., South Korea’s largest telecom company, showcased the world’s first cross-border roaming services based on the Voice over Long Term Evolution at the 2014 GSMA Mobile Asia Expo Thursday.The Korean mobile carrier partnered up with China Mobile, China’s leading mobile operator, to develop the VoLTE roaming services.“KT and China Mobile have solved technical barriers that hampered faster and more stable roaming services than the current ones,” said KT CEO Hwang Chang-gyu, while v
KT envisions ‘GiGAtopia’

TechnologyJun 11, 2014

SHANGHAI ― KT chief executive Hwang Chang-gyu urged the world’s leading mobile carriers and manufacturers to collaborate in establishing the so-called “GiGAtopia,” referring to a mobile environment connected through superfast gigabit technology.“In order to vitalize the Internet of Things and realize GiGAtopia, an industry consensus should be reached first before standardizing the IoT technology, and establishing an IoT hub for data sharing,” the KT chief said in his keynote speech at the 2014 M
MAE showcases connected mobile technology

TechnologyJun 11, 2014

SHANGHAI, China ― The 2014 Mobile Asia Expo, Asia’s largest mobile trade show, kicked off Wednesday, offering a glimpse into the future of mobile technology.At the three-day mobile trade show, exhibitors from various industries, including Huawei, Deutsche Telecom and BMW, showcased their cutting-edge technologies, such as machine-to-machine communication solutions, wearable devices and smart cars. Some participants of the event also displayed education and health care solutions, which will lead
Samsung to seek Lee’s personal exemption in India court

TechnologyJun 9, 2014

Samsung Group said Monday that it would seek another legal option to exempt chairman Lee Kun-hee from appearing in person before India’s court to face criminal charges filed by an Indian company. The Korean conglomerate reiterated that Lee has “no connection to this case whatsoever.”“Samsung is expected to tell the court once again that the chairman will not be able to attend the trial,” said a Samsung official.“The plaintiffs are insisting the chairman appear in court without having any solid e
KT to showcase future mobile environment at Shanghai expo

TechnologyJun 9, 2014

KT Corp., Korea’s second-largest mobile carrier, will showcase its gigabit-class technologies at the Mobile Asia Expo, Asia’s largest telecommunications trade show, to be held in Shanghai from Wednesday to Friday. This marks the second consecutive time that the mobile carrier has been invited to participate in the MAE. On Wednesday, KT’s chief executive Hwang Chang-gyu, a former chief of Samsung Electronics’ semiconductor unit who took the helm of the mobile carrier in January, is scheduled to d
Samsung speeds up succession

TechnologyJun 5, 2014

Samsung Electronics acquired shares in two of Samsung Group’s affiliates, Samsung SDI and Cheil Industries, on Thursday, in a bid to restructure the group’s businesses ahead of a much anticipated power transition from the ailing chairman Lee Kun-hee to his only son Jay-yong.The tech giant purchased 2.17 million shares in secondary battery maker Samsung SDI, and 2.07 million shares in Cheil Industries, the electronics materials affiliate of Samsung Group. Samsung Electronics also bought 2.44 mill