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Samsung's Shin conspicuous by his absence

By Kim Yoo-chulShin Jong-kyun,Mobile division chiefShin Jong-kyun, the head of Samsung Electronics' mobile division, has been absent from all major recent events, causing concern in the industry.Shin was always in attendance at major company events, including events to release new flagship products.But he was nowhere in sight at the Sept. 24 launch of the Galaxy Note 4, the company's answer to Apple's latest iPhone models.Shin also did not show up at Wednesday’s weekly regular meeting with other presidents of Samsung Group’s main affiliates in Seocho, southern Seoul.Local reporters have so far been taking the meetings as an opportunity to build up contacts with senior Samsung executives and understand what’s happening inside the nation’s biggest conglomerate.As Samsung pins its hopes on the Note 4, attention is focused on whether the mobile boss will say something about Samsung's strategies."The global technology industry and investors were hoping for some tips about Samsung's next mobile business strategies via its mobile chief during the Note 4 launch event,

Sep 25, 2014By Kim Yoo-chul
Samsung's Shin conspicuous by his absence
Tech & Science

LG announces partnership with MS

Microsoft CEO Satya Nadella delivers a keynote speech at this year’s "Tech Days Korea 2014" conference at the Grand InterContinental Hotel, southern Seoul, Wednesday. / YonhapTwo technology giants agreed on 'Internet of Things'By Kim Yoo-chul, Bahk Eun-jiMicrosoft (MS) signed an agreement with LG Electronics Wednesday to broaden their business partnership beyond the mobile segment, according to an LG statement.The agreement is calling for the two technology companies to jointly develop new business opportunities focusing on the "Internet of Things” (IoT) because both firms agreed that this is the latest technological mega trend."LG Electronics signed a memorandum of understanding (MOU) with MS over IoT-related businesses. LG Electronics will closely cooperate with MS to find next businesses," LG said in the statement.The LG Group of consumer electronics affiliate said its vice chairman and CEO Koo Bon-joon, who is also the brother of LG Chairman Koo Bon-moo, met early Wednesday with MS CEO Satya Nadella in the InterContinental Hotel, southern Seoul.LG Electronics Chi

Sep 24, 2014By Kim Yoo-chul
LG announces partnership with MS
Tech & Science

Samsung Electronics expects jump in handset sales

Lee Don-joo, head of strategy marketing at Samsung’s mobile division, introduces the Galaxy Note 4 phablet and Galaxy Note Edge during a launch event in Seocho, southern Seoul, Wednesday. The two Notes will be available from Sept. 26 via all three major Korean carriers. / Yonhap Galaxy Note 4 unveiled at home By Kim Yoo-chulSamsung Electronics unveiled its Galaxy Note 4 to domestic customers Wednesday amid hopes it will improve its handset business.The company expects the Note 4 to outperform earlier expectations as initial feedback from consumers during the pre-order session was "awesome.""I can't tell you about the internal sales target for the Note 4; but it will be much higher than for the Note 3. We have expectations given initial consumer reactions," said mobile business division strategic marketing head Lee Don-joo.The device will be available from the three major mobile carriers ― SK, KT and LG Uplus ― from Sept. 26. By October, the Note 4 will have been released in 140 countries."Samsung can improve its profits as we are positioned well to

Sep 24, 2014By Kim Yoo-chul
Samsung Electronics expects jump in handset sales
Tech & Science

Can Note 4 curb Apple iPhones?

By Kim Yoo-chulSamsung Electronics Note 4Top management at Samsung Electronics is unhappy to see what's happening with the sale of Apple's two new iPhones ― the iPhone 6 and iPhone 6 Plus ― as consumer reaction has been tremendous.Apple CEO Tim Cook said, “Sales for the iPhone 6 and iPhone 6 Plus exceeded our expectations for the launch weekend, and we couldn't be happier." Apple said first-weekend sales topped 10 million ― it did not break down sales for individual models. Now, attention is being shifted to whether Samsung will steal the spotlight with its latest Samsung Galaxy Note 4 phablet. Samsung acknowledged the first few weeks of the device's launch are vital."The positive reaction from consumers to those two Apple devices prompted us to launch the Note 4 earlier than previously scheduled. Samsung will be aggressive in promoting the Note 4 as it's true that we are being challenged and pressured amid a difficult situation," said an official at the company's marketing unit.Samsung will hold a press conference to mark the official debut of the Note 4, Gear a

Sep 23, 2014By Kim Yoo-chul
Can Note 4 curb Apple iPhones?
Tech & Science

LG Chem strikes major energy deal in Germany

An artist’s impression of LG Chem’s microgrid ESS facilities that will be installed in Feldheim, Germany. / Courtesy of LG ChemCompany aims to lead in advanced renewable power systemsBy Kim Yoo-chulKwon Young-sooLG Chem PresidentLG Group battery affiliate LG Chem will supply the company's patented renewable power systems to the German provincial city of Feldheim.The agreement calls for the South Korean battery giant to supply batteries capable of delivering as much as 10.8 megawatt per hour (MWh) for Energiequelle's energy storage project in the city.The energy storage systems (ESS) can supply electricity for 2,000 households each day. The deal is the biggest of its kind."LG Chem plans to complete the installations of the renewable energy systems in that city by the end of the first quarter of 2015," said head of communications Owen Sung.LG Chem plans to apply "microgrid" technology for the project. A microgrid is a hybrid of renewable energy and ESS. The technology is regarded as a next-generation electricity supply.The company statement reads: "The microgrid is an

Sep 21, 2014By Kim Yoo-chul
LG Chem strikes major energy deal in Germany
Tech & Science

KT gets high ratings for quality

KT executive director Han Joon-seok, left, poses with Korea Standards Association Chairman Paek Soo-hyun after KT was chosen as the top telecom service provider in the association’s latest survey, Thursday. / Courtesy of KTBy Kim Yoo-chulKT, the nation's second-biggest mobile carrier, said Thursday that it had been chosen as the top telecom service provider listed on the Korea Standard-Quality Excellence Index (KS-QEI).KT was picked as the top telecom service provider in two segments ― mobile and high-speed Internet.Under the leadership of its new chief executive, Hwang Chang-gyu, the company seems well positioned to strengthen its competitiveness in telecom services rather than extend its territory to other areas.“Under the catchphrase of Single KT, employees are determined to offer differentiated high-quality services,” company spokesman Ji Yong-hoon said. The KS-QEI is a comprehensive index developed by the Korea Standards Association and the Korean Society for Quality Management to measure product quality in terms of customer satisfaction. To compile the in

Sep 18, 2014By Kim Yoo-chul
Tech & Science

Samsung to set up arbitration body over leukemia talks

Samsung Electronics President and Head of Communications Rhee In-yong, left, talks with Banolim Founder Hwang Sang-ki, right, and other representatives from Samsung and Banolim. They are in the first round of negotiations to resolve compensation settlements over cancer-stricken former Samsung workers at local Samsung manufacturing clusters, on May 28. / Korea Times fileSix out of eight victim families in compensation talksBy Kim Yoo-chulSamsung said it has agreed with six representatives at talks currently underway on providing compensation to victims who developed leukemia after working at a chip and display-manufacturing plant, to set up an arbitration body in an effort to agree on financial settlements."Samsung Electronics agreed with six of eight affected families to establish an arbitration body on a compensation settlement for the victims and their families. Further discussions will soon get underway," Samsung said in a statement, Wednesday.This is the first time in four months that Samsung has established an independent unit on compensation settlements since its vice chairman

Sep 18, 2014By Kim Yoo-chul
Samsung to set up arbitration body over leukemia talks
Tech & Science

Samsung faces 'China storm'

Models take a picture using Samsung Electronics' Galaxy Note 4 phablet during the New York Fashion Week, in New York, early this month. Samsung plans to promote the latest device in China to offset concerns over margin profitability due to the rise of budget Chinese smartphone vendors. / Korea Times fileCompany focuses on China as US disputes with Apple endBy Kim Yoo-chulChina is no longer a land of opportunity for Samsung Electronics, the world’s biggest smartphone manufacturer, as the company’s bottom line is being threatened by the rise of budget Chinese vendors.China is the largest smartphone market in the world, accounting for 37 percent of global smartphone shipments, according to an analysis by Canalys, a market research firm.That means China is a very important market for all smartphone manufacturers, including Apple in the high-end segment.Even when the focus of the smartphone market has shifted toward better pricing and more advanced hardware specifications, Samsung can’t afford to lose the Chinese market because of the growing demand for the device there.

Sep 18, 2014By Kim Yoo-chul
Tech & Science

Samsung Electro unveils 'freezing tag' system in European fair

Visitors take a look around a booth installed by Samsung Electro-Mechanics at this year’s Equipmag Fair in Paris, Wednesday./ Courtesy of Samsung Electro-MechanicsBy Kim Yoo-chulSamsung Electro-Mechanics said Wednesday that it was in talks with several unnamed leading retailers in Europe to supply its patented electronic shelf labels (ESL) solutions.“We can’t name companies as we are in the stage of fine-tuning the terms," said the company in a statement. “We are putting more resources into reaching into new business territory, focusing on ESL items.”The company recently signed a deal with a leading retailer in Germany to supply its ESL products, according to officials. The company is a global supplier of advanced components for electronics and mechanical devices. While it sells its components to Samsung Electronics, its heavy reliance on Samsung Group and tech affiliates has long been seen as a major weakness.The company exhibits ESL products and other integrated management solutions for retail shops at this year's Equipmag fair, which will run from Sep

Sep 17, 2014By Kim Yoo-chul
Samsung Electro unveils 'freezing tag' system in European fair
Tech & Science

Samsung vows to grow Tizen platform

Participants attend the Samsung Open Source Conference at the Grand InterContinental Hotel, southern Seoul, Tuesday. / YonhapBy Kim Yoo-chulIn creating the world’s top smartphone brand, Samsung Electronics has relied heavily on Google’s open-based Android platform. With a conference that started Tuesday, the company took a step toward decreased reliance on Android and greater control of its products’ operating systems.Diversification has emerged as the key word that will enable Samsung to hedge its risks, prompting Samsung to invest more in the alternative platform Tizen through closer collaboration with U.S.-based chip giant Intel.However, Samsung has experienced a few setbacks in launching its Tizen-based devices due to a lack of customized applications and developer support. As a result, Samsung’s overseas mobile clients had to delay the release of Tizen-powered smartphones.To create a Tizen ecosystem with content developers, application developers and other interested parties, the electronics company kicked off the two-day Samsung Open-Source Conference on

Sep 16, 2014By Kim Yoo-chul
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