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Samsung unveils smart camera NX300

Models pose with Samsung Electronics’ new NX300 cameras during a photo session in Seoul, Wednesday. / Courtesy of Samsung ElectronicsBy Kim Yoo-chulSamsung Electronics Wednesday introduced its latest smart camera NX300 in a bid to strengthen its foothold in the camera market.The company said that the camera, which was first seen at this year’s tech fair in Las Vegas, is equipped with a lot of wow features. ``The NX300 supports `hybrid auto focus (AF)’ technology, which supports super shutter speed equal to a DSLR camera,’’ it said in a statement, Wednesday.The camera also comes with the new 3D-capable one-lens system, which captures still and full high-definition (HD) video in three dimensional format (3D).It said the camera is also equipped with Wi-Fi connectivity, allowing the device to share photos with iOS and Android devices via the ``Smart Camera App.’’Images can be automatically backed-up or stored in cloud computing through the ``AllShare’’ system. The camera has a 3.3-inch OLED touch screen function. Its retail

Mar 20, 2013By Kim Yoo-chul
Tech & Science

Galaxy S4 receives positive feedback

By Kim Yoo-chulGalaxy S4The Galaxy S4, the latest smartphone unveiled Friday by Samsung Electronics, will enable consumers to have a better user experience with its new features, according to an influential market research firm, Tuesday.It also pointed out that the release of the new handset validated the conviction that there is still room for the smarketphone market to grow.``Our channel checks imply that production of the S4 is around 10 million per month, which would mean another significant jump over the Galaxy S3,’’ said Sanford C. Bernstein Analyst Mark Newman in a report. Bernstein is widely recognized as Wall Street’s premier sales-side research firm.Newman said the features of the S4 were ``much anticipated and no major surprises,’’ however, the analyst stressed many incremental upgrades and new features add up to what it believes will be a far better experience for users.``Samsung has continued the trend of more emphasis on software and has included several unique and cool new features such as smart scroll and smart pause,’’ Newman

Mar 19, 2013By Kim Yoo-chul
Galaxy S4 receives positive feedback
Business

SDS aims to top W7 tril. in revenue

By Kim Yoo-chulSamsung SDS, the information technology (IT) and software services affiliate of the Samsung Group, has set the goal of achieving more than 7 trillion won ($6.3 billion) in revenue this year by speeding up its overseas business expansion.In an annual business plan unveiled Friday, the company set a target of 7.45 trillion won in revenue for 2013 by expanding its portion of overseas sales to 40 percent from the current 30 percent.It posted sales of 6.1 trillion won last year and profit reached 407 billion won ― up 28.1 percent and 20 percent from the previous year, respectively, it said. This was the first time a local IT solutions firm exceeded 6 trillion won in annual revenue.``Backed by a good response to our solutions in emerging markets, we aim to reap 2.98 trillion won in revenue solely from outside Korea this year,’’ the company said.SDS said last year’s performance was thanks to robust demand for IT solutions from its biggest clients, including its affiliate Samsung Electronics.The Seoul-based outfit is trying hard to cut its heavy reliance

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

Shin plugs Samsung to world

By Kim Yoo-chul Shin Jong-kyunSamsung mobile chiefWhen Steve Jobs was alive, it was his job to plug the latest Apple product. Few can deny his theatrics helped boost iPhone sales.For Samsung Electronics, it is Shin Jong-kyun, mobile chief of the Korean electronics giant.Last week, Shin unveiled the Galaxy S4 mobile phone in Radio City Music Hall, New York.The S4 unveiling was Samsung’s decision to go after Apple in its home territory of the United States, the biggest smartphone market in the world.Shin did his job with a high level of confidence. He didn’t read from a prepared text, and spoke openly to the audience, conveying his feelings to them.``Samsung executives were shy about plugging products. But it is transitioning to a marketing-driven company with top-rated products,’’ said an unnamed official by telephone. “It is trickling down through the organization and Shin is at the forefront of this latest trend.”The official said Shin understands about appealing presentations, adding that he usually spends long periods of time preparing

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

Trio to lead Samsung Electronics

By Kim Yoo-chulSamsung Electronics has appointed its presidents Yoon Boo-keun and Shin Jong-kyun as co-CEOs of the world’s biggest technology company by revenue, a move that is aimed at guaranteeing management independence in key business units.The appointments result in the Korean technology giant now having three chief executives.In a statement, the company said the new leadership structure will serve to clarify and enhance independent management of the two set divisions, as well as its component business.Yoon will keep his current role of managing Samsung’s consumer electronics division, which includes TV and appliance products, while mobile chief Shin will remain in charge of the company’s information and technology (IT) and mobile communications division.Kwon will also oversee the company’s component business and represent the company at key events. The changes were approved at a recent shareholders’ meeting at company headquarters in Seoul. ``Yoon significantly helped Samsung to beat Sony and maintain its global leadership in televisions, while Sam

Mar 15, 2013By Kim Yoo-chul
Trio to lead Samsung Electronics
Tech & Science

S4 goes head-to-head with iPhone 5

Journalists line up to attend Samsung Electronics’ official launch of its new Galaxy smartphone — the Galaxy S4 — at Radio City Music Hall in New York, Friday morning (KST). Courtesy of Samsung ElectronicsNew handset becomes slimmer, faster, lighterBy Kim Yoo-chulSamsung Electronics is seeking to make a major comeback in the United States, home turf of its biggest rival with the Galaxy S4, phone, the latest in its flagship Galaxy S lineup,.Samsung unveiled the much-awaited handset in New York, Friday, as it moves to solidify its dominance in the smartphone market.In its Mobile Unpacked event at the Radio City Music Hall, the company’s mobile chief Shin Jong-kyun said the Galaxy S4 “is a life companion for a simpler life,” stressing that the fourth-generation phone is ``slimmer yet stronger’’ than its predecessor, the Galaxy SIII.Attention is now being shifted to whether Apple will seek a possible peace treaty with Samsung in their legal battles as the S4 is likely to tip the balance toward the Korean company, said officials and analysts

Mar 15, 2013By Kim Yoo-chul
S4 goes head-to-head with iPhone 5
Tech & Science

Mobile carriers fined again for offering illegal subsidies

By Kim Yoo-chulThe Korea Communications Commission (KCC) has fined the nation’s three mobile phone carriers a combined 5.3 billion won ($4.8 million) for offering illegal handset subsidies despite previous warnings and penalties.The decision came a day after President Park Geun-hye strongly called for revising subsidy policies.``The KCC decided to penalize the carriers after we found they broke the Telecommunications Law by continuing to offer handset subsidies even during imposed suspension periods,’’ said Jeong Jong-ki, director of the KCC’s consumer policy bureau, in a briefing to reporters, Thursday.Market leader, SK Telecom, was slapped with the biggest fine of 3.14 billion won, followed by KT with 1.61 billion won and the smallest LG Uplus with 560 million won. The regulator conducted on-site investigations and market research on illegal activities by the carriers from Dec. 25 last year to Jan. 7.The latest measure came three months after the KCC imposed a combined 11.9 billion won in fines on the three, in addition to business suspensions ranging from 2

Mar 14, 2013By Kim Yoo-chul
People & Events

Cooliris seeking partnership in Korea

Cooliris CEO Soujanya Bhumkar, third from right in the front row, poses with staff at the company headquarters in Palo Alto, Calif., the United States, in this undated photo.                                            / Courtesy of CoolirisBy Kim Yoo-chulIn today’s world of highly-developed technology, the key to business success is to touch people’s feelings with state-of-the art products.Cooliris chief executive Soujanya Bhumkar is well aware of this and aims to make a big splash in Korea, the world’s most-wired society, with photo-sharing technology."Connectivity is everything for the time being. As it’s possible to connect all social services through cloud computing, Cooliris is ambitious to lead the way. People get very emotional when it comes to photos. I can now share what I’ve created,’’ the CEO said in an interview with The Korea Times at the COEX InterContinental Hotel, southern Seoul, Thursday."In Korea, you can defini

Mar 14, 2013By Kim Yoo-chul
Cooliris seeking partnership in Korea
Tech & Science

LS Cable makes foray into S. America

By Kim Yoo-chulLS Cable, the world’s third-largest manufacturer of cables, has expanded its overseas dealing by entering into the South American market.The company said Wednesday that it signed a contract worth 200 billion won with CORPOELEC, Venezuela’s state power corporation to supply 230 kilovolt extra high-voltage submarine cables.LS Cable is the first Korean company to make inroads into the South American submarine cable market, said company spokesman Pete Kim.The cables will connect the 40 kilometer distance between the Venezuelan city of Chacopata and Margarita and be used to supply electric power in the region. ``LS Cable won this contract on a full turnkey basis, including not only the delivery of cables, but also installation work and testing. Its capabilities as a general engineering company for submarine power cable systems as well as its production technology were recognized once again,’’ a statement read. Demand for electric power is steadily increasing, opening more room for LS Cable tofurther expand its submarine cable business. The firm added

Mar 13, 2013By Kim Yoo-chul
Tech & Science

NHN expands investment in start-up companies

By Kim Yoo-chulNHN, the operator of Korea’s Web portal Naver.com, said Wednesday it will invest more in small local start-up companies to pursue balanced growth and create better eco-systems.``Since we started the Web portal business for PCs, NHN has been active in both external and qualified business growth by acquiring smaller but competitive local start-up firms. NHN is eager to strike acquisition deals if certain conditions are met,’’ said an official at the company.He stressed NHN’s previous mergers and acquisitions (M&A) aimed at offering administrative, financial and technological support for firms to continue their business. ``That’s why NHN was very passive on restructuring human resources.’’The expansion plan comes as debate heats up over whether NHN is killing local start-up firms, after the operator confirmed its plan to release a fashion mobile application, ``Wonder.’’ Critics say NHN copied the business idea of local venture StyleShare.``It’s no exaggeration to say NHN is killing start-up firms. Critics say

Mar 13, 2013By Kim Yoo-chul
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