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Talent, design lead Samsung's success

Kevin Lane Keller from Tuck School of Business, Dartmouth College, the United States, delivers a keynote speech during a forum organized to highlight the success of Samsung Group over the past two decades since chairman Lee Kun-hee declared his “New Management” philosophy in 1993, at The K-Hotel in southern Seoul, Thursday. / Courtesy of Samsung GroupExperts advise technology giant to focus more on marketingBy Kim Yoo-chulPatrick M. WrightHiroshi KatayamaTalent management and design innovation are two core elements that have spurred Samsung’s successful transformation into a global player over the past two decades, according to global business experts, Thursday.They pointed out that Samsung’s future depends upon how it will improve marketing strategies and combine a new breed of software and hardware.Such analysis came at an International Forum billed as “Twenty years of Samsung’s New Management” organized by The Korean Academic Society of Business Administration at The K-Hotel, southern Seoul.Under the slogan “New Management,” Sa

Jun 20, 2013By Kim Yoo-chul
Talent, design lead Samsung's success
Tech & Science

Samsung faces tablet hitch in US market

By Kim Yoo-chulSamsung Electronics is struggling to get a foothold in the United States tablet market due to its lack of understanding of customers there, according to market analysts.The Korean electronics giant has enjoyed sustainable growth in the smartphone and tablet business across the world on the back of robust sales of its Galaxy devices. However, the firm has yet to expand its tablet market share in the United States where Apple currently dominates.While Samsung hasn’t cracked the U.S. tablet market yet, Samsung officials and analysts are confident that the firm will achieve 33 million in tablet sales globally this year, up from some $15 million last year. Galaxy tablets are selling well in South America and Eastern Europe.Strategy Analytics (SA), a leading market researcher, said the Korean company sold a total of 9.1 million Galaxy tablets in the first three months of this year, up from 2 million during the same period a year ago.During the January-March period, Samsung’s global tablet PC share reached 18.9 percent, up from 7.6 percent during the same period l

Jun 19, 2013By Kim Yoo-chul
Tech & Science

LG to mass-produce flexible displays

Shown avove is a 5-inch curved OLED TV that uses LG Display’s technology. LG Display identified the OLED business as its next cash generator to beat the industry’s cyclical patterns. / Korea Times fileFirm releases displays with bendable screensBy Kim Yoo-chulLG Display is expected to solidify its leadership in the display market as it will mass-produce a new flexible smartphone panel for major clients from the fourth quarter of this year.Technicians and researchers at LG say this new development is an effort to meet growing demand for innovative business solutions.LG spokesman Frank Lee said that his company is looking to meet “the rapid need for display advancements.” Lee stressed upcoming flexible displays, which are bendable and unbreakable, could be the next innovation in display-making technology.According to the company, LG is investing in flexible displays for mobile devices and new high-tech panels, called organic light-emitting diode (OLED) panels, which support ultra high-definition (UHD).“We have completed the development of our first fl

Jun 19, 2013By Kim Yoo-chul
LG to mass-produce flexible displays
Tech & Science

Dell releases new networking solutions

Dell’s S5000 modular switching platformBy Kim Yoo-chulDell unveiled its new networking solutions designed to manage software systems and handle data traffic, Wednesday.The move came as the U.S.-based computer manufacturer is seeking to expand its business in Korea by offering varied computing solutions that are related to virtual goods and cloud systems.The new solutions include its new Active Fabric solution for software defined network (SDN) enabled designs, Active Fabric Manager, and the Networking S5000 modular LAN/SAN switching platform, it said in a statement.The announcement comes after the PC maker opted to become a solutions provider as well as a hardware manufacturer.“We are positive that our new product will appeal to both private and public companies,” said Yoon Seok-ro, the head of its networking solution business in Korea, in a news conference in the Park Hyatt Hotel, southern Seoul.While Dell is trying hard to sell its networking solutions to government-led business projects, the Korean government is applying stricter guidelines over fears of possible

Jun 19, 2013By Kim Yoo-chul
Tech & Science

KT, SKT clash over 1.8GHz frequency

By Kim Yoo-chulKT requested the government Wednesday to ban rival SK Telecom from starting an LTE-Advanced (LTE-A) service because the service hurts fair market competition.“KT submitted a recommendation to the government. That called for SK Telecom and LG Uplus to be prevented offering their LTE-A services,” KT said in a statement, Wednesday.The service, which is going to be introduced via multi-carrier and carrier aggregation technologies, hurts fair market competition, it claimed.The carriers are competing to get the license for the 1.8-gigahertz (GHz) spectrum band to further accelerate their LTE business. LTE is mainstream in Korea because Koreans are obsessed with faster network speeds.“The government should consider which carrier is positioned for better LTE service and to meet public interests and to match up with the government’s drive for a ‘creative economy,’” KT added.In a separate statement, however, SK Telecom and LG Uplus dismissed the claim, saying “KT only wants to get favors from the government in an upcoming auction.&

Jun 19, 2013By Kim Yoo-chul
Tech & Science

KISA, FireEye team up for cyber security

KISA President Lee Ki-joo, right, shakes hands with FireEye CEO Dave DeWalt after signing a memorandum of understanding (MOU) for a business partnership in Seoul, Tuesday. / Courtesy of KISABy Kim Yoo-chulThe Korea Internet and Security Agency (KISA) said Tuesday that it has signed a memorandum of understanding (MOU) with U.S.-based security platform provider FireEye to jointly fight increasing cyber attacks.“FireEye agreed to share its business know-how with KISA to better protect Korean companies and organizations from cyber attacks. The agreement will help us build amore proactive cyber defense system,” the state agency said in a statement.FireEye plans to provide various analytic tools to KISA to help it find out Internet protocols used in cyber attacks. The two will also jointly hold educational programs including workshops.“It’s vital to track hackers and violators on a real-time basis to better cover sophisticated cyber attacks. The MOU will help KISA enhance our cyber security management,” KISA President Lee Ki-joo was quoted as saying in the sta

Jun 18, 2013By Kim Yoo-chul
Tech & Science

Samsung supplies SSDs to Apple

By Kim Yoo-chulSamsung Electronics has been supplying its latest solid-state drives (SSD) to Apple for its latest MacBook Air since April, according to industry sources Monday.The news came as a surprise as the U.S. technology giant has vowed to cut its reliance on its Korean rival amid their seemingly endless patent legal battles.“In logic chips, Apple has shifted toward Taiwan’s TSMC by sharing confidential data for the development of advanced processors. But in memory chips, Apple can’t exclude Samsung in its supply-chain management structure, completely. Apple is purchasing more of Samsung’s SSDs,” said an industry source involved with the matter.SSD is the next-generation storage device that’s been replacing conventional hard disk drives amid an explosive growth for data-intensive and speed-focused devices including ultra-thin notebooks and tablets. The news came on the heels of Samsung Electronics announcing that it had been mass-producing its latest SSDs since the second quarter of this year. The Peripheral Component Interconnect (PCI) Expre

Jun 17, 2013By Kim Yoo-chul
Tech & Science

Samsung heir to meet Facebook CEO in Seoul

By Kim Yoo-chul Lee Jae-yongMark ZuckerbergSamsung Electronics Vice Chairman Lee Jae-yong will meet Facebook Chief Executive Mark Zuckerberg here today to a boost bilateral partnership, Samsung officials said.This is the first time that the Facebook CEO will have a face-to-face meeting with the Samsung heir.“Zuckerberg will visit Samsung’s main office in Seocho-dong, southern Seoul, Tuesday. The two will discuss ways to strengthen their strategic partnership that covers content and manufacturing,” said a Samsung official.The duration of the meeting has yet to be decided, according to the official.It’s unknown whether Zuckerberg will also meet with LG Electronics Vice Chairman and CEO Koo Bon-joon. Koo met Google CEO Larry Page in Google Korea’s office in Seoul during Page’s recent visit to Korea.Facebook officials in Seoul declined to confirm the visit.Zuckerberg will visit the Blue House early on Tuesday for a meeting with President Park Geun-hye. The creation of more jobs via information technology (IT) will be the main subject discussed.The

Jun 17, 2013By Kim Yoo-chul
Samsung heir to meet Facebook CEO in Seoul
Tech & Science

Hyundai; LG fight over fuel cells

By Kim Yoo-chulHyundai Motor is moving to spend more for the development of cars powered by hydrogen fuel cells, in a challenge to LG Chem, a major supplier of batteries for such vehicles. Analysts say it’s too premature to talk about the marketability and feasibility of vehicles with no gas emissions citing the lack of infrastructure and huge technological challenges.While electric cars are steadily becoming mainstream, Hyundai officials say the firm is preparing to surprise the world by realizing “economies of scale” in the marketing of hydrogen-powered vehicles. Major automakers are launching a slew of more affordable electric vehicles bolstered by increased subsidies from government.“The reason is simple. We want to lead the market. Any companies that have money and the technology can run an electric vehicle business after the market goes mainstream and that means conventional automakers such as Hyundai can suddenly lose their leverage,” said a technician at Hyundai Motors by telephone, last week.He continued; “The paradigm shift toward electri

Jun 16, 2013By Kim Yoo-chul
Tech & Science

Samsung SDS seeks to expand overseas markets

Samsung SDS CEO Alfred S. KoBy Kim Yoo-chulSamsung SDS, the nation’s top supplier of information technology (IT) platforms and solutions, said Sunday it will restructure business lineups with a view to doubling overseas sales until 2017.It plans to develop more revenue sources abroad, while reducing its dependence on the domestic IT services business.“We won’t renew contracts with Korean banks or public firms that can’t generate revenue as much as we want. Instead, we will shift our focus toward overseas businesses,” said company spokeswoman Kim Mi-ri.Samsung SDS was recently named as the most preferred bidder to build Kyeongnam Bank’s advanced banking systems. However, the firm walked away from the deal due to differences over pricing. The firm is currently collaborating with the Industrial Bank of Korea to construct the bank’s advanced banking solutions, while the Korea Development Bank is using SDS-developed platforms.Under the restructuring plan, the firm’s two divisions that have so far been handling IT services for public and fina

Jun 16, 2013By Kim Yoo-chul
Samsung SDS seeks to expand overseas markets
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