The Korea Herald

Kim Young-won

안녕하세요 Kim Young-won 기자입니다.

Articles by Kim Young-won

[EQUITIES] KT to achieve steady growth in Q3: report

Sept 22, 2016

[THE INVESTOR] HMC Investment Securities said on Sept. 22 that telecommunications firm KT will continue to gain growth momentum by posting stable earnings in the July-September period, setting its target stock price at 40,000 won (US$35.88).“KT’s third-quarter revenue and operating profit could come in at 5.6 trillion won and 392.5 billion won, up 3.3 percent and 14.3 percent, respectively, from the same period last year,” Hwang Seong-jin, an analyst from the investment firm, anticipated in his
First Apple Store in Korea to open soon: report

Sept 21, 2016

[THE INVESTOR] California-based Apple is set to launch its first flagship store in South Korea, home to Samsung Electronics and LG Electronics, according to news reports on Sept. 21. Local news outlet Chosun Biz reported that the iPhone maker will open its first Apple Store in Sinsa-dong, an upscale district in Seoul, in a bid to better serve the Korean customers.The US tech firm is said to have signed a deal to rent land, of approximately 530 square meters, and is expected to build the store co
Netmarble to collaborate with Japanese cartoon ‘BLEACH’ for mobile game

Sept 21, 2016

[THE INVESTOR] Mobile game powerhouse Netmarble Games said on Sept. 21 that it would collaborate with Japanese hit manga “BLEACH” for the mobile role-playing game “Seven Knights”, developed by its subsidiary Netmarble Nexus.The Japanese comics’ five most-beloved characters, including Ichigo Kurosaki and Ulquiorra Cifer, will feature in Netmarble’s mobile game.The voice actors for the TV animation inspired by the eponymous comics will participate in the collaborative project, and new game backgro
Samsung rolls out new super-fast, high-capacity SSDs

Sept 21, 2016

[THE INVESTOR] Samsung Electronics unveiled new super-fast, high-capacity solid-state drives on Sept. 21 in Seoul, which the company said would help cement its lead in the global storage system market.The new non-volatile memory express (NVMe) SSDs, dubbed the 960 PRO and 960 EVO, were unveiled at the annual Samsung SSD Global Summit 2016.The NVMe is a communications interface that improves the speed of data processing. An executive from Samsung Electronics introduces the firm’s 960 PRO solid-st
Samsung Electronics’ cash reserves hit all time high

Sept 21, 2016

[THE INVESTOR] Samsung Electronics' cash reserves have reached a record high of 77 trillion won (US$69.10 billion) in the second quarter, according to the tech giant on Sept. 21.The figure increased 7.8 percent from the fourth quarter of last year and was a whopping 287 percent up from 26.9 trillion won posted in the last quarter of 2011.Cash reserves include cash, cash-equivalents, short-term financial instruments, and short-term liquid assets.The amount of cash and cash equivalents increased 1
Will LG’s V20 survive in high-end smartphone battle?

Sept 20, 2016

[THE INVESTOR] LG Electronics said on Sept. 20 that its latest high-end smartphone V20 would make its debut in the Korean market with a price tag of 899,800 won (US$803.50) next week.As its compatriot rival Samsung Electronics has been struggling to solve the defective battery issue, it seems that there is no better chance than now for LG to increase its foothold in the top-tier handset sector.Some market analysts, however, cast doubts over the success of LG’s new smartphone that will be launche
Samsung to accelerate ownership restructuring: report

Sept 20, 2016

[THE INVESTOR] Samsung Group is expected to speed up its efforts to streamline its byzantine ownership structure and increase the control of its family owners -- including Samsung Electronics Vice Chairman Lee Jae-yong and his two sisters -- at the conglomerate in the coming months, according to a report on Sept. 20. Jeong Dae-ro, an analyst from Mirae Asset Daewoo Securities, said in his investment report, that “(Samsung Electronics) will likely be divided into two -- investment division (the h
BlackBerry’s mistimed launch of smartphone in Korea

Sept 19, 2016

[THE INVESTOR] Blackberry, the self-proclaimed most secure smartphone maker, will be back in the Korean market on Sept. 20 since it pulled out of the domestic market in 2012.The Canada-based smartphone firm will make a comeback with its Priv smartphone, the firm’s first smartphone running on Google’s Android operating system. The news of its comeback has been hailed by BlackBerry fans, but the company is facing a bumpy road ahead to make a success out of its comeback. 　The timing, among other re
LG Chem likely to supply batteries for Faraday Future

Sept 19, 2016

[THE INVESTOR] LG Chem, one of the world’s largest electric vehicle battery makers, has reportedly struck a supply deal worth 2.7 trillion won (US$2.40 billion) with Faraday Future, the EV business arm of Chinese internet firm LeEco.The deal was sealed in August, but the announcement has been delayed due to the Korean government’s recent decision to deploy the US advanced missile system Terminal High Altitude of Area Defense here.LG Chem lithium-ion batteries are expected to power LeSEE, an elec
Samsung shares rebound in early morning trading

Sept 19, 2016

[THE INVESTOR] Samsung Electronics' shares increased to a high of 1,562,000 won (US$ ), up 2.29 percent, in early morning trading morning on Sept. 19, signaling that the tech giant could soon come out of the woods after reeling from the defective battery issue of its Galaxy Note 7 smartphone. The Korean tech giant started its exchange program in Seoul on the day enabling Galaxy Note 7 customers to exchange their smartphones for a new unit or get a refund.The recall was announced after a number o
Samsung inches closer to top in global chip market

Sept 19, 2016

[THE INVESTOR] Samsung Electronics' semiconductor business has gained growth momentum in the April-June period on the back of its robust NAND flash memory business, latest data shows.According to a report by market research firm IHS, Samsung gained a 11.3-percent market share in the global market for integrated device manufacturers, including memory and non-memory chip companies, chip design houses, and foundries, in the three-month period. The figure is the second highest, behind US chip powerh
Samsung to roll out Galaxy Note 7 replacements this week

Sept 18, 2016

[THE INVESTOR] Samsung Electronics will begin rolling out replacements of the Galaxy Note 7 in South Korea and the US this week, moving fast to restore consumer loyalty hurt by faulty batteries prone to potential explosions.The new Galaxy Note 7 replacement devices, equipped with new batteries, will become available in Korea from Monday and in the US from Wednesday, according to Samsung’s latest announcement.The ongoing recall affects Samsung Galaxy Note 7 smartphones released in 10 nations last
Samsung sells W1tr worth of stocks in global tech firms

Sept 18, 2016

[THE INVESTOR] Tech behemoth Samsung Electronics said Sunday that it has sold its shares in a total of four global tech companies, including Sharp of Japan and Seagate Technology of the US in recent weeks.　The series of stock sales are said to be in line with Samsung Vice Chairman Lee Jae-yong’s push to streamline the company’s business portfolio and focus on flagship businesses, including smartphones and chips.　Samsung said selling the shares of the four companies -- Sharp, Seagate Technology,
Banks to issue refund guarantee for HHI

Sept 18, 2016

[THE INVESTOR] Local banks decided to issue a refund guarantee for Hyundai Heavy Industries, allowing the company to go ahead with ship-building projects, sources said Sunday. 　According to the financial sources, seven banks, including the firm’s main creditor KEB Hana Bank, made the decision to issue the refund guarantee for the company by early next month. 　A refund guarantee is a form of security for purchasers who normally pay for a substantial part of the vessels in advance of delivery. A s
LG asks Italian court to nullify Secop’s patents

Sept 18, 2016

[THE INVESTOR] LG Electronics has requested an Italian court to nullify two patents held by Germany’s compressor manufacturer Secop, claiming that such technologies are no longer subject to legal protection as they are widely used throughout the industry.　LG said Sunday in a statement that it filed the suit against Secop with the Torino Court in response to a claim by the German company that the South Korean electronics giant had infringed its patents.　In July, Secop sent a letter of complaint t