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East Asia
Turkish Satellite Succesfully Launched At Jiuquan Rocket Center In China
A Long March carrier rocket carrying Turkish earth observation satellite GK-2 blasts off from the launch pad at the Jiuquan Satellite Launch Center in northwest China’s Gansu Province, early on Dec. 19, 2012. China successfully sent the satellite GK-2 into orbit with a Long March carrier rocket on Wednesday. <Xinhua/Zhang…
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East Asia
LG pokes fun at Apple
Firm’s marketing strategy against iPhone maker questioned LG Group’s subsidiaries have taken jabs at Apple with aggressive newspaper ads and posters targeting the U.S. technology giant but industry observers believe it will not help the group’s short-term growth as well as its long-term globalization strategy. Such moves seem to go…
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East Asia
Apple’s iPhone5 Starts To Be Sold In Indonesia And China
People attend the iPhone5 launch event in Jakarta, Indonesia, Dec. 13, 2012. Apple’s iPhone5 launched in Indonesia Friday. A man poses for photos with his iPhone5 during the iPhone5 launch event in Jakarta, Indonesia, Dec. 13, 2012. <Xinhua/Agung Kuncahya B.> A salesperson (R) presents an iPhone 5 cell phone to…
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East Asia
3-pronged formation
Samsung realigned to boost mobile, electronics business Samsung Electronics will reorganize into three key units of consumer electronics, information technology and mobile and device solutions in order to better cope with the rapidly-changing market environments. On Wednesday, the Suwon, Gyeonggi Province-based outfit announced that it had decided to adopt what…
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East Asia
Foreign IT companies leaving
Motorola, HTC pull out of Korea on lackluster performances Foreign smartphone manufacturers are packing their bags as they are losing out to strong local brands. On Monday, Motorola said it will withdraw from Korea as part of its global restructuring. The U.S. technology giant came to Korea in 1967 and…
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East Asia
Generation shift
Galaxy, women, foreigners keywords in year-end promotions Samsung Group has geared up for a generation shift by promoting talented young individuals and females to executive positions in an apparent attempt to support Lee Jay-yong, the only son of chairman Lee Kun-hee, who was promoted to vice chairman Wednesday. On Friday,…
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East Asia
Korean iPhon Lovers Stand In Line For Buying New Model In Seoul
Customers wait in line from early morning to buy Apple’s iPhone 5 at a mobile phone shop in Seoul, South Korea, Friday, Dec. 7, 2012. Apple Inc. began selling the iPhone 5 in South Korea on Friday. Clerks prepare to display a poster of an Apple’s iPhone 5 at a…
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East Asia
Samsung speeds up power transition
Junior Lee faces task of handling patent battle with Apple The promotion of Samsung Electronics Chief Operating Officer (COO) and President Lee Jay-yong to vice chairman came as a surprise because there had been speculation that he would maintain his current position. A Samsung executive said that the one-notch elevation…
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East Asia
Smart payment service
KT develops MoCa to beat Google in mobile payment KT introduced a new service called MoCa Wednesday in a bid to beat Google in the smart mobile payment service market. The new service comes as KT, Korea’s No. 2 mobile carrier after SK Telecom and leading broadband operator, has made…
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East Asia
Samsung heir prompted to vice chairman
Samsung Group promoted Lee Jay-yong, the only son of the group leader Lee Kun-hee, to vice chairman of Samsung Electronics, its flagship affiliate, Wednesday. The promotion comes two years after the 44-year-old chief operating officer (COO) was promoted to president at the world’s largest manufacturer of computer memory chips and…
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