LG Electronics said Wednesday that it has named three new presidents along with other top executives. Park Jong-seok, president and CEO of LG Electronics’ mobile communications division, will be promoted to company president while maintaining his current position. Ha Hyun-hoi, executive vice president of LG Corp., was named president and CEO of LG Electronics’ home entertainment division, while Jung Do-hyun, its executive vice president and CFO, will be promoted to president. Kwon Hee-won is ste

A Korean candidate for director of a U.N. agency for telecommunications said that South Korea can play a critical role in bridging the gap between developed and less-developed nations through the world’s information and communication technology sector. “Korea is now in a position to lead the world’s ICT industry. It is not a follower anymore,” said Lee Chae-sub, a candidate for the director of the Telecommunication Standardization Sector, a division of the International Telecommunication Union (

General manager Shirley Yu-Tsui of IBM Korea, believes Korean firms could become more competitive in the local market as well as in the global market with the values created with the help of IBM’s cognitive computing systems. “In the new era of computing, you really need to come up with the cognitive system that really learns from itself to make some sense or extract insights out of unstructured data,” Yu-Tsui said at a recent press conference. With the insight, CEOs can make decisions, create a

More companies are jumping on the bandwagon to hire contract-based part-time workers, apparently in line with the government’s policy to boost the nation’s employment.Shinsegae, operator of the nation’s biggest department store, first stepped up to the plate as it announced earlier this year that it would hire around 2,000 part-time workers for its businesses including retail store Emart and its department stores across the nation. Other retail firms including CJ Group also followed suit by hiri

The exact cause of the weekend crash of an LG-owned helicopter into an apartment building in Seoul is still unknown, but criticism is mounting against the firm for operating the chopper in poor weather conditions. The bone of contention is whether LG Electronics had forced the pilots to make the pick-up at Jamsil, or they made the decision on their own. In either case, however, LG will not be able to avoid criticism that it had chosen convenience over safety, industry watchers said. The U.S.-mad

The head of a promising U.S. wearable device start-up said the most important factor in the era of wearable smart gadgets is user experience, not the integration of all the functions available on a smartphone. “It has to not only do what it’s designed to do really well, but it can’t make your life harder in any other way,” Aaron Grant, cofounder of Waterloo, Canada-based Thalmic Labs, a developer of motion control armband Myo, told The Korea Herald. “With some home automation smartphone apps, fo