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IT-Science
LG’s mobile biz to turn around
LG Electronics fell behind in the smartphone era but seems to have finally rebounded. The latest data clearly shows that the flagship firm of LG Group is catching up fast. Despite earlier negative forecasts amid sluggish handset sales, its operating profit for the April-June period increased by 120.5 percent to…
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IT-Science
Samsung, Apple may be near reconciliation
Samsung Electronics and Apple may enter a comprehensive cross-licensing deal this year, sources told The Korea Times, Thursday. The first trial on the Samsung-Apple patent dispute in the United States is slated for July 30. Samsung is asking Apple to pay a 2.4 percent royalty rate for the iPhone and…
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IT-Science
LG Electronics bounces back
Operating profits jump 120% LG Electronics, the nation’s second largest electronics manufacturer, bounced back in the second quarter riding a robust wave of TV and home appliance sales. Despite earlier negative forecasts amid sluggish handset sales, the firm’s operating profit for the April-June period increased by 120.5 percent to 349…
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IT-Science
Kumho Petro expands investment in China
Kumho Petrochemical is expanding its presence in China, the most sought after market in the world. Park Chan-koo, chairman of Kumho Petrochemical, visited Chongqing Friday to meet with Mayor Huang Qifan and agreed on a joint investment plan to expand Kumho’s chemical business there. “We were able to finish our…
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IT-Science
KT to commercialize VoLTE
Mobile carrier KT announced Tuesday that it will commercialize its voice over long-term evolution (VoLTE) service in October. Current voice calls are all transmitted through third generation (3G) networks but will use LTE networks once the service starts, allowing better quality and faster connectivity, company officials said. KT, though last…
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IT-Science
Samsung, LG in legal tussle
12 ex-officials charged with technology theft Samsung Display vowed Monday to continue its legal fight with LG Display after the Suwon District Prosecutors’ Office charged 11 former senior and low-ranking technicians over involvement in the leak of cutting-edge OLED technology to LG. “This is intolerable. All key OLED technologies were…
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Samsung takes crucial win over Apple
Samsung Electronics scored a critical win in its battle with Apple over intellectual property and design yet was still left nursing a bruised ego. In a ruling against Apple, which has been accusing its Korean rival of copying its smartphones and touch-screen tablets, Judge Colin Birss of the British High…
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IT-Science
Diablo 3 popularity waning fast
Blizzard Entertainment’s Diablo 3 has seen its popularity plummet due to “poor content.” “Diablo 3’s place is shaky,” said Kim Min-kyu, a cultural content professor at Ajou University over the phone, Monday. “It is hard to believe that it was made by the people who created World of Warcraft and…
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NHN taking lead in messenger games
NHN is taking the lead in the messenger game market by releasing games via its mobile messenger service Line ahead of its competitors. The firm said Monday that its first game, Line Birzzle, has had over 2 million downloads a week after its release. NHN has opened a service platform…
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Galaxy S3 LTE phones to hit shelves Monday
The long-term evolution (LTE) model of Samsung Electronics’ Galaxy S3 will be available nationwide from Monday. The Suwon-based firm announced Friday its highest quarterly operating profit as of yet of 6.7 trillion won thanks to global sales of the handsets. The three domestic mobile carriers _ SK Telecom, KT and…
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