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Disaster network needs prioritization
The nations telecom watchdog chief said Monday that the establishment of a network for national disasters should be prioritized in allocating the public wireless frequency resources for the public good.

'Firms should reinvest 75% of net profit'
Big firms reinvesting 65 to 75 percent of their net profits will not face a tax on their cash reserves. "If a firm uses 65 to 75 percent for investment, higher wages and dividend payments, it will be spared," Finance Minister Choi Kyung-hwan said i..

Privacy and security law
Personal data is the gold of the 21st Centurys information economy.

LG CNS produces energy-saving lighting system
LG CNS, a system integration affiliate of LG Group, said Sunday it has released an eco-friendly lighting management system that can save over 40 percent of energy consumption at large industrial facilities.

Economic institute chief calls for deregulation
The government should drastically cut through red tape to revive the economy, says Korea Economic Research Institute head Kwon Tae-shin.

Carriers unhappy about Pantech bailout
SK Telecom, KT and LG Uplus are unhappy about the latest Pantech bailout, officials at the carriers said Friday.

Google sued over alleged data release
A group of civic activists in Korea have filed a lawsuit against Google Korea with the Seoul Central District Court, to force the search giant to disclose whether it shared Koreans private data with any third parties.

AhnLab reports solid profit
AhnLab, the nations top security software maker, reported a solid profit for the first half of the year despite a continued depression in the computer security industry.

Uber rebuts city's blocking plan
Uber Korea, the local branch of ridesharing application service Uber, criticized the Seoul Metropolitan Government (SMG), Thursday, for being out of touch with global trends and betraying its bid to become a smart city. Seoul is in danger of g..

LG reports biggest profit in five years
LG Electronics reported its biggest quarterly profit in five years on improvements in its once-ailing smartphone business.

SK hynix operating profit tops W1 tril. for 2nd quarter
SK hynix, the world's second-biggest memory chipmaker, reported 1.08 trillion won in operating profit for the April-June period.

LG Chem sees little impact from patent dispute in US
LG Chem said the latest decision by a U.S. district court to grant a motion by Celgard LLC, an affiliate of Polypore International, for a preliminary injunction against LG will have limited impact on LG's business in the United States.

China: land of opportunity?
Over the past few years, Samsung Electronics and Hyundai Motor Group saw strong profit growth with their aggressive promotion of flagship products in China.

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