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KT demonstrate fastest LTE

By Kim Yoo-chulLocal telecommunications giant KT said Monday it has teamed up with Intel to demonstrate the fastest-ever wireless data transmission technologies at the Mobile World Congress (MWC), being held in the Spanish city of Barcelona.The technologies include LTE-Advanced tri-band carrier aggregation (CA), which offers a maximum speed of 450Mbps, the fastest ever.KT also released various other advanced mobile wireless technologies, a move aimed at bolstering its profile in its conventionally-strong telecommunications business under its new CEO.Intel is providing modem chipsets for “femtocells” an integral part of KT’s LTE-A telecommunications service. KT said it will jointly develop next-generation wireless technologies with the American company. Femtocells are fully featured low power mobile base stations connected using standard broadband DSL or cable services into the mobile operator’s network. They offer qualified mobile phone coverage at home for both voice and data, but at a lower cost, said KT officials. The firm is planning to incorporate three f

Feb 24, 2014By Kim Yoo-chul
KT demonstrate fastest LTE
Tech & Science

'SK hynix not to purchase Dongbu'

By Kim Yoo-chulSK hynix Chief Executive Officer (CEO) Park Sung-wook said that the world’s No. 2 memory chip supplier doesn’t have plans to purchase Korea’s Dongbu HiTek, which is currently up for sale.“For the time being, SK hynix isn’t mulling that possibility,” the CEO told reporters at this year’s business meeting with semiconductor firms organized by the Korea Semiconductor Industry Association (KSIA) at the COEX InterContinental Hotel, southern Seoul, Friday.To ease worries over a liquidity shortage, Dongbu is pushing to sell 37.16 percent of its stake in its semiconductor affiliate Dongbu HiTek, whose other shareholders are Dongbu CNI and Dongbu Construction. The controlling stake is currently valued at some 120 billion won. The sales value of the firm is estimated at 170 billion won, including the managerial rights premium.But the top executive remained calm despite repeated questions from reporters about whether SK hynix might change its stance.Park’s comments came as the race for the takeover of HiTek is heating up. LG Electro

Feb 21, 2014By Kim Yoo-chul
Tech & Science

Naver challenged by Facebook

By Kim Yoo-chulFacebook is likely to stand in the way of Naver’s attempt to become a major force in the global mobile messenger market because the U.S. firm’s buyout of WhatsApp is expected to limit the global expansion of its messaging app Line.The concern arose after U.S. SNS giant Facebook Thursday announced its decision to purchase the rapidly growing messaging startup WhatsApp for $19 billion.WhatsApp is the largest free messenger service provider in the North American region with a user base of 450 million.Naver has been betting on Line to ensure future growth and its reliance on the business is growing, meaning that if Line loses growth momentum, it is highly probable that Naver will be impacted due to a lack of an alternate growth engine.Naver is Korea’s dominant web portal. Line has become its biggest cash-cow with the total number of users exceeding 340 million thanks to explosive additions in Asia, Latin America and Europe. Line is now seeking to expand its presence in North America.Market experts said that the buyout is not likely to affect Line business

Feb 21, 2014By Kim Yoo-chul
Naver challenged by Facebook
Tech & Science

Samsung unveils curved UHD TV

Samsung Electronics TV head Kim Hyun-seok, right, poses with Hong Myung-bo, head coach of the national football team, during a launch event for the company’s curved UHD TV at its main office in Seocho-dong, Seoul, Thursday. / Courtesy of SamsungBy Kim Yoo-chulSamsung Electronics launched its ultra high definition (UHD) curved TVs Thursday, and vowed to reshape the global TV industry.“We are confident that our curved UHD TVs will appeal to consumers thanks to their rich picture quality,” Kim Hyun-seok, head of the company’s television business, told reporters during a launch event.Samsung, a long-time TV industry leader, has released several UHD TV models with different in sizes including 55-inch, 65-inch, 78-inch and 105-inch.UHD TVs provide improved picture quality when compared to existing liquid crystal display (LCD) TVs because they have a resolution of 3840 by 2160, four times higher than the 1920 by 1080 in previous full HD models, which are the industry’s current mainstream.The Samsung executive said its diversified UHD TV lineups serve as a

Feb 20, 2014By Kim Yoo-chul
People & Events

LG Chem CEO focuses on talent development

LG Chem CEO and Vice Chairman Park Jin-sooBy Kim Yoo-chulA new trend may be reshaping the human resources (HR) function in the business world. The trend relates to the rapid growth of the knowledge economy.In line with this trend, chief executives at companies strongly believe a committed, highly skilled and prudently deployed workforce are the most crucial factors in the development of new products and beating the competition. CEOs are concerned that workforce challenges, if unaddressed, may affect their company’s bottom line in the near future.LG Chem CEO and Vice Chairman Park Jin-soo acknowledges the important role of HR and believes having top talent that is better than your competitors’ is the crucial differentiating factor in today’s challenging economy.“My HR philosophy is simple. I always encourage employees to wear a ‘one-size-bigger hat.’  You need to be always positive. Creative thinking is the concept that I always stress to our employees. There is no doubt that you get better based on such assessment and initiatives,” the C

Feb 20, 2014By Kim Yoo-chul
LG Chem CEO focuses on talent development
Tech & Science

LSIS unveils automation solutions

By Kim Yoo-chulLSIS, a major supplier of electric equipment in Korea, said Wednesday it was introducing new automated products to find a new growth engine.The company said that it held a launch event for advanced inverters ― S100 and H100 ― and user-friendly interfaces ― the XGT panel iXP series.An inverter is an electronic device that changes direct current to alternating current.The products are for industrial use, said LSIS spokesman Kim Bong-kyu.Kim said the S100 inverter is customized for industrial facilities, while the H100 features a cutting-edge heating ventilation air conditioning (HVAC) system, which targets business-to-business (B2B) clients in North America. The iXP allows clients to check the current status of equipment in real time, while the H100 can control and operate computing systems.“LSIS plans to boost sales of the S100 and H100 to 150 billion won and 100 billion won, respectively, within the next three years,” said the spokesman.While diversification is the key in technology industries, LSIS is transforming itself into a total provide

Feb 19, 2014By Kim Yoo-chul
Tech & Science

Samsung in talks with India for telecom deal

By Kim Yoo-chulSamsung is in talks with Indian carriers to additionally supply its fourth-generation (4G) telecom equipment because the country is close to finalizing an auction for frequencies for 4G services, a senior Samsung executive said Wednesday.The auction may offer more business opportunities for the Korean company in India.“We are trying hard to supply additional telecommunication equipment to India,” said Kim Young-ki, president of Samsung’s network business division.Kim talked about the deal to reporters while participating in a weekly meeting of presidents of Samsung’s affiliates at its headquarters in Seocho-dong in southern Seoul.Samsung believes that demand for telecom equipment will surge on the back of faster wireless networks driven by explosive growth in data-intensive mobile devices, including smartphones and tablets.The Indian government is selling 900 megahertz (MHz) and 1,800MHz frequencies to help shrink its budget deficit and to expand the country’s 4G network. As more base stations are needed for the 1,800MHz frequency, Samsung

Feb 19, 2014By Kim Yoo-chul
Tech & Science

Language limits Korea's start-ups

Google Chief Internet Evangelist and Vice President Vinton Cerf'Internet yields more benefits than social cost'By Kim Yoo-chulRisk aversion and language barriers are the two biggest obstacles limiting start-ups in Korea and hindering the organic growth of the online and technology industries in Korea, according to a Google vice president.“Language is one obvious limitation. Korean businesses need to deal with markets in which Korean is not normally spoken,” Google Chief Internet Evangelist and Vice President Vinton Cerf said in a written interview with The Korea Times.“Also, businesses need to develop applications that are of interest on a global scale, not only domestically. It may be that venture capital is not available for potentially risky Internet-based start-ups.”Cerf is known as a co-inventor of the Internet. While a student at Stanford University in the 1970s, he and Robert Kahn invented the Transmission Control Protocol/Internet Protocol or TCP/IP.The guru said that entrepreneurship is coming whether or not companies take on challenges and risks to a

Feb 18, 2014By Kim Yoo-chul
Language limits Korea's start-ups
Tech & Science

Samsung, LG renew fridge war

By Kim Yoo-chulIt appears that the nation’s two electronics giants ― Samsung and LG ― are renewing a war in the refrigerator market because they both have rolled out new models with larger storage capacities.LG introduced its latest refrigerator the DIOS V9500 with a 950-liter storage capacity Monday to solidify its leadership in the market, a month after Samsung unveiled a 1,000-liter capacity refrigerator at this year’s Consumer Electronics Show in the United States in January.“LG Electronics can introduce larger-capacity refrigerators but only if consumers need them,” Cho Sung-jin, president of LG Electronics’ home appliances division, said in a news conference for a new LG DIOS refrigerator at the company’s headquarters in Yeouido, Monday.“According to our own analysis, a refrigerator with a 950-liter storage capacity is ideal for consumers. It’s not desirable that we can see refrigerators with more than that storage capacity by neglecting such consumer needs. But if consumers want, LG can manufacture a freezer with a 1,50

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

Samsung files $9.43mil. suit against Dyson

By Kim Yoo-chulSamsung Electronics has filed a 10 billion won compensation lawsuit against Dyson in a patent dispute over a vacuum cleaner, according to Samsung, Sunday.The move by Korea’s electronics giant came as a countermeasure against the U.K.-based manufacturer for suing Samsung on accusations of infringing on its patent on the vacuum cleaner mechanism in August, 2013.In its suit against Dyson Samsung claims the accusation has seriously hurt its corporate image by portraying it as a repeat patent violator or copycat.“Last week, Samsung Electronics’ legal counsel filed legal papers with the Seoul Central District Court against Dyson as the latter’s previous litigation has hurt Samsung’s corporate image,” said a Samsung spokesman by telephone.“We are initially seeking 10 billion won compensation from the U.K.-based manufacturer; however, the amount will increase depending on how the court proceedings go,” he added. “Samsung’s marketing activities were negatively affected by Dyson’s groundless litigation, which is i

Feb 16, 2014By Kim Yoo-chul
Samsung files $9.43mil. suit against Dyson
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