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SK hynix hires former Samsung executive

By Kim Yoo-chulSK hynix said Tuesday that it has hired former senior-level Samsung Electronics executive Oh Se-yong as president.In a statement, SK Group’s chip-making affiliate scouted Oh to accelerate technology-focused growth. From 1994 to 2009, Oh worked at Samsung’s semiconductor division and was a professor at Seoul National University. The appointment comes a few days after the group appointed SK hynix’s research and development chief Park Sung-wook as its new CEO replacing the outgoing Kwon Oh-chul.SK hynix now has four presidents ― its CEO and President Park, corporate center head Kim Joon-ho, research fellow Park Sang-hoon and Oh.The firm was acquired by SK Telecom last year. It said the global memory chip market is facing various inflection points, including an industry-wide reshuffle and preparations for the next-generation memory chips.``In order to rapidly address such technical changes in the future, the industry requires technology leadership,’’ the company said.

Feb 26, 2013By Kim Yoo-chul
Tech & Science

Oh named as Dongbu chairman

By Kim Yoo-chulOh MyungMid-tier conglomerate Dongbu Group has named former Technology Minister Oh Myung as chairman of the group’s electronics, information technology and semiconductor businesses.``We strongly believe Oh will significantly help the group see a rapid rise as a major electronics company because he has a proven track record in handling Korea’s information technology-related policies over a long period of time,’’ the group said in a statement.The new chairman was also named as the chief executive of the group’s semiconductor affiliate Dongbu HiTek. ``He will entirely control Daewoo Electronics, Dongbu HiTek, Dongbu Robot and Dongbu LED, while the existing chairman, Kim Joon-ki, will handle the rest,’’ according to the statement.Oh was a bureaucrat for 30 years and considered as one of the key men who significantly helped the nation’s information technology industry see external growth. He was also a vice prime minister and an advisor for science and technology policies for the presidential office.Dongbu recently completed i

Feb 26, 2013By Kim Yoo-chul
Oh named as Dongbu chairman
Tech & Science

Samsung makes big splash in TVs

Models pose with Samsung Electronics’ 75-inch Web-connected TVs dubbed F8000 in a recent launch event at the firm’s main office in downtown Seoul.                                                                                                                                                                          / Korea Times fileFocus shifts to premium sets rather than budget modelsBy Kim Yoo-chulSamsung Electronics aims to solidify its lead in the global TV market by securing the No. 1 position for an eighth straight year in 2013. It believes that soaring demand for Web-connected TVs is a significant boon to its success in key and emerging markets."En

Feb 26, 2013By Kim Yoo-chul
Samsung makes big splash in TVs
Tech & Science

Samsung, LG expected to sign cross-licensing deal

By Kim Yoo-chulKim Ki-namSamsung Dispaly CEOSamsung Display said Tuesday that it plans to sign a cross-licensing deal with LG Display to use its rival’s display-making technology in its stalled organic light-emitting diode (OLED) business.The move came as Korea’s leadership in the global display market is increasingly being challenged by Chinese and Taiwanese companies. ``We are reviewing the possibility to adopt White-based OLED (W-OLED) technology for use in our upcoming OLED TVs,’’ Samsung Display CEO Kim Ki-nam told reporters in an industry meeting at a hotel in downtown Seoul.OLED TV is the next big thing with all manufacturers investing heavily in the business. ``I’ve talked with LG Display CEO Han Sang-beom over several pending issues,’’ said Kim. Separately, Han confirmed that working-level discussions between the companies will begin from early next month.Samsung is still yet to mass-produce its OLED TVs due to technological problems in its RGB-based technology.The world’s two top display makers have been in a dispute over OLED

Feb 26, 2013By Kim Yoo-chul
Samsung, LG expected to sign cross-licensing deal
Tech & Science

Park urged to stimulate economy

FKI Chairman Huh Chang-soo KCCI Chairman Sohn Kyung-sikBy Kim Yoo-chulMajor Korean companies have called for President Park Geun-hye to inject new vigor into the sluggish economy and strengthen growth potential through stimulus policies such as expanding fiscal spending.The Federation of Korean Industries (FKI), the nation’s largest business lobby group said Monday in a statement that it expects the new government to increase the growth potential of key businesses in the face of growing external and internal challenges."We are seeing many negative factors such as a slowdown in the global economy and sluggish consumer demand. The time is crucial for the new government to revitalize the growth potential of Korean industries,’’ the statement read. ``We hope President Park can help industries increase investment and meet various calls from society by implementing business-friendly policies,’’ the FKI said. The Korea Chamber of Commerce and Industry (KCCI), another business lobby with a focus on smaller firms, identified six key issues for the Park admin

Feb 25, 2013By Kim Yoo-chul
Park urged to stimulate economy
Tech & Science

LG to use own chips for Optimus GII

By Kim Yoo-chulLG Electronics will produce its first in-house mobile application processor from the latter half of this year after its research lab recently completed the development of Odin chips.The company’s high appetite for chip-related businesses reflect its desperate efforts to find new revenue sources and to challenge Samsung Electronics and Broadcom. ``LG Electronics is going to mass-produce the Odin processors by using finer 28-nanometer level processing, applying high-k metal gate (HKMG) technology. The processors will be used in LG’s next flagship Optimus smartphone ― the Optimus GII ― which will probably be unveiled in this fall’s IFA trade fair,’’ said an LG official by telephone, Thursday. The advanced chips will have octa-core functionality, meaning the next LG handsets will be speedier and more powerful. Because LG doesn’t have chip-making facilities, Taiwan’s TSMC will manufacture the processors, according to the official.``Odin is a major god in Norse mythology and the ruler of Asgard. LG Electronics hopes to make

Feb 22, 2013By Kim Yoo-chul
Tech & Science

'Bang & Olufsen sticks to tradition'

By Kim Yoo-chulBang & Olufsen CEO Tue MantoniLego and Bang & Olufsen (B&O) are perhaps the two most recognizable Danish brands.However, the two brands could not be more different. Lego produces colorful interlocking plastic bricks for children, a set which sells from around $30 and up. B&O, on the other hand, makes well-designed, high-end audio and entertainment systems. Its products include $900-cordless phones with candy colors and intricate designs, and $16,000-3D TVs that few can afford to buy.Tue Mantoni, the CEO of the 88-year-old B&O, aims to diversify the company’s positioning. The company recently recovered its profitability after market challenges and uncertainties faced in recent years.Although Mantoni intends to proceed with this new revenue-driven growth strategy, he does not plan to change the company’s longstanding virtue — maintaining client relationships with dialogue, not fancy advertising.“From a marketing perspective, it’s important to understand that almost 75 percent of our business is done with existing customer

Feb 22, 2013By Kim Yoo-chul
Tech & Science

Samsung aims to rule appliance market

Samsung Electronics President Yoon Boo-keun speaks during a launch event of its latest FS9000 refrigerator in Seoul, Thursday.                                                                                 / Courtesy of Samsung ElectronicsBy Kim Yoo-chulSamsung Electronics said Thursday that it will become the world’s biggest manufacturer of home appliances by 2015 by increasing its sales to $20 billion.``We will rise as the world’s top producer in home appliances such as air conditioners, fridges and washers. Samsung plans to steadily roll out premium models, not budget ones,’’ said Yoon Boo-keun, president of the firm’s consumer electronics division, at a news conference Thursday.Yoon spoke on the sidelines of an unveiling of new home appliances including vacuum cleaners he was participating in.Samsung is the world’s top maker of TVs and the bi

Feb 21, 2013By Kim Yoo-chul
Samsung aims to rule appliance market
Tech & Science

LG drops lawsuits against Samsung

By Kim Yoo-chulLG Display, the display-making affiliate of LG Electronics, said Wednesday that it has dropped its injunction against its biggest rival Samsung Display, raising expectations that the two will soon reach a full settlement in the ongoing patent battle.``LG Display has filed legal papers to the Seoul Central District Court to drop our request of a complete sales ban on the Samsung Galaxy Note 10.1,’’ said company spokesman Jason Kim, Wednesday. Weeks ago, Samsung dropped its request for an injunction against LG Display over organic light-emitting diode (OLED) technology, ordered by the finance ministry amid a rapid emergence of Chinese and Japanese companies in the OLED market. ``Specifically, LG Display filed to the local court to drop three patent infringement cases related to in-plane switching (IPS) display-making technology,’’ the spokesman said.``Patents are the results of steady innovation and we believe LG’s display-making patents should be valued properly. We expect differences to be narrowed via upcoming working-level discussions ov

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

Samsung to beef up TV marketing

A model poses next to a 75-inch ultra-high definition Samsung Electronics television at a launch event at the company’s headquarters in downtown Seoul, Tuesday. / Courtesy of Samsung ElectronicsBy Kim Yoo-chulSamsung Electronics said Tuesday that it will beef up marketing of its TV range to solidify its leadership and further widen its gap with notable competitors, such as LG Electronics.``Value is the critical factor. Samsung TVs are different from other TVs in terms of value. Samsung will be focusing on ultra high-definition (UHD) TVs sized over 65 inches,’’ said Yoon Boo-keun, the head of the firm’s consumer electronics division, at a news conference in Seoul.It has introduced a new lineup of advanced Web-connected TVs. While LG has decided to charge 25 million won for its 84-inch UHD TV, Samsung’s 85-inch UHD TV costs 40 million won.``Smart and evolved televisions are designed to understand consumers. The 85-inch UHD TV has those two factors,’’ the executive told reporters. He stressed that he doesn’t see any hurdles to becoming the

Feb 19, 2013By Kim Yoo-chul
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