LG back on track
Chairman Koo aims to foster creative DNA LG Group, one of the country’s largest conglomerates, has cemented a reputation for playing it safe rather than taking risks. But with its positions in major markets such as consumer electronics and mobile phones becoming precarious, Chairman Koo Bon-moo is showing unprecedented boldness in terms of business strategies. […]
Samsung hits new milestone
Technology giant posts record operating profit of W8.1 tril. in Q3 Samsung Electronics said Friday that it posted record operating profit of 8.1 trillion won ($7.3 billion) in the third quarter of this year on the back of robust smartphones sales. It is the fourth straight quarter of record operating profit. The preliminary estimate for […]
Firms scale back on spending
In times of massive uncertainties like these, cash is king and doing nothing becomes a valid investment strategy. This appears to be an article of faith for Korea’s big businesses, which are rushing to scale back on their lavish investment commitments for this year and next as Korea’s export-dependent economy continue to sustain a lashing […]
Is free-to-play model for future?
Ani Pang may give lessons to Facebook Ani Pang, a smartphone game developed by a 30-employee startup, can teach Facebook some lessons. While the U.S. social networking giant struggles to establish a concrete business model of its mobile platform, Ani Pang has become the biggest grossing application in Korea, generating an estimated 200 million won […]
Korea test bed for games
Riot Games Managing Director for Asia Jin Oh ‘League of Legend’ developer values players above all The Asian chief of a leading global game development company said that Korea is a test bed for the firm’s future growth. “Korea serves as an excellent test bed for drawing the future course of the company and League […]
SK Telecom changes LTE landscape
Firm pledges technology upgrades for consumers SK Telecom, Korea’s largest mobile carrier, has changed the landscape for the long-term evolution (LTE) services market by seeking ways to upgrade its technology. Not satisfied with providing a nationwide LTE network, the firm has been keen to test the technological boundaries of what is possible in the next-generation […]
Samsung, Google to powwow on Apple
Company raises handset sale target to 400 million Samsung Electronics said Wednesday that it will hold a top-level meeting with its biggest software business partner Google today. Samsung, which is the representative of Google’s Android community in an ongoing fight with Apple, is pulling Google into its battle to seek royalties for patents. “I will […]
Smartphone war heats up
Pantech unveils new device; Galaxy Note 2 out on Wed. The smartphone market is expected to further heat up here as major Korean handset producers are all set to sell highly-improved handsets ahead of the Apple iPhone 5’s local launch later this week or early next month. On Monday, Pantech unveiled what it claims is […]
iCourt: Season 2?
Samsung calls for new trial, Apple seeks $707 million more in damages Samsung Electronics has officially requested a U.S. court to throw out a decision by a San Jose jury, which found the Korean technology giant guilty of copying the look and feel of Apple’s iPhones and iPads. In legal papers submitted to U.S. Federal […]
Samsung topples Apple in brand image
Samsung Electronics lost its recent court battle against Apple in San Jose and was ordered to pay a staggering $1.05 billion but ironically, recent polls show that the Korean firm has overtaken its U.S. rival in brand image. According to a recent poll by market research agency YouGov that compared public perception of the two […]
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