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LS Cable wins W70 bil. parts deal in China

By Kim Yoo-chul LS Cable & System, the nation’s top wire and cable maker, said Wednesday that it has signed a 70 billion won deal to supply advanced electricity-charging cable sets in China. In a statement, the company said it agreed with BYD Daimler New Technology (BDNT) to supply electricity-charging wire sets called harnesses over the next five years. They will be used in 260,000 electric cars produced by BDNT and LS Cable claims the deal was worth about 70 billion won. BDNT is a 50-50 joint venture between top-tier German automaker Daimler and Chinese battery and car producer BYD. An LS Cable spokesman said the company was in negotiations with other electric carmakers in China to sell its harnesses and hopes the partnership with BDNT will help the Korean firm expand its client base there. ``The alliance with BDNT will pave the way for the company to effectively bolster our presence in China’s rising electric car-related markets,’’ said the spokesman. LS Cable has invested 4 billion won to build a new line to produce 150,000 harnesses annually at its existin

Jun 27, 2012By Kim Yoo-chul
Tech & Science

Exploring blue ocean

LG Display pushing credit card-thin OLED displays By Kim Yoo-chul The global liquid crystal display (LCD) market is in meltdown. The volatile market environment is posing a threat even to top tier display-producing firms. But LG Display, which is competing against its biggest rival Samsung in the sector, has come up with a strategy to weather the market turmoil by improving technology in the next-generation of flat-screens ― OLEDs. ``For top executives, it became apparent that they need to do something very different. The global LCD industry is heading toward full saturation. We are confident to beat such a changing market situation by pushing new products and new technology,’’ said CEO Han Sang-beom. Han replaced Kwon Young-soo, who is the current president of LG Chem, as the head of LG Display. Unlike Kwon, who is outspoken to employees and reporters, Han is very tight-lipped about company-related issues, according to LG officials. Still, there is a lot of controversy over the marketability of OLED TVs as consumers aren’t ready to pay the huge premium just f

Jun 27, 2012By Kim Yoo-chul
Tech & Science

Chip-making giant revamped

SK hynix diversifies biz portfolio By Kim Yoo-chul When it comes to mergers and acquisitions (M&A), post-purchase integration matters most. A freshly acquired company needs to develop a chemistry with its buyer otherwise the results can be dismal. Only when the entity can create new value does the purchase become worthwhile. In this regard SK hynix, formerly Hynix Semiconductor, is on the right track. The chipmaker has been reborn as a competitive player under the ownership of SK Group, injecting new confidence and vision. Now qualified undergraduate, graduate and even Ph.D. degree holders are applying to work at the company. Under the new ownership the focus is shifting to growth from survival. SK hynix said the company has boosted its corporate value through SK Telecom and that it now has various options to diversify its business portfolio. Citing the chipmaker’s first participation in the Mobile World Congress (MWC), the biggest annual telecommunications show, at which SK hynix displayed various premium chip solutions for cars and telecom companies, SK hynix spoke

Jun 26, 2012By Kim Yoo-chul
Companies

LG CNS, HP team up for China business

By Kim Yoo-chul LG CNS, a local provider of technology solutions, said Monday that it has struck a business tie-up with U.S.-based Hewlett-Packard (HP) to boost the Korean firm’s profile in China. In a statement, LG said it signed a non-binding memorandum of understanding (MOU) with HP for closer collaboration on smart-related businesses such as smart factories, smart green cities and mobile-linked ventures. It expects that the deal will help the firm use HP’s stronger marketing channels, there, in return for helping the American technology giant acquire some of its key solutions technologies. LG CNS is gradually shifting its sights to the Chinese market after it announced its Vision 2020 plan two years ago. The information and technology arm of LG Group is exporting more of its advanced in-house solutions, according to the statement. ``The partnership will help LG CNS find profitable business models as we can use HP’s stable marketing channels,’’ said head of the company’s public relations team Oh Sea-chun. LG CNS is aiming to create 1.5 trillion won in revenue fro

Jun 25, 2012By Kim Yoo-chul
Tech & Science

Fastest 10 million seller?

Samsung chief touts Galaxy S3 By Kim Yoo-chul The head of Samsung Electronics’ handset division said Monday that the Galaxy S3 will become the fastest 10 million seller in the company’s history, expecting that it will see better results in the second quarter despite a worsening business environment. However, he denied allegations that an S3 exploded after over-heating while attached to an in-car adapter in Ireland. The upbeat outlook came at the launch of the Galaxy S3 for the domestic market at Samsung’s main office in downtown Seoul. ``The S3 is expected to see 10 million in sales by July, just two months after its release,’’ handset boss Shin Jong-kyun said during the event. Following the smartphone’s May debut in London, it will be provided to 302 wireless carriers in 147 countries by the end of July. The top executive said that the company will see a much better performance in the second quarter both in operating profit and sales thanks to strong sales of the S3 globally. ``We are in challenging times. Economies in Europe are bad. But I cautiously expect t

Jun 25, 2012By Kim Yoo-chul
Tech & Science

Regulator won't allow higher mobile rates

By Kim Yoo-chul The Korea Communications Commission (KCC) Friday rejected demands by SK Telecom, the country’s top mobile-phone carrier, to raise its monthly consumer rates to offset its losses in voice revenue caused by free call services available on smartphones. Under the current fair trade regulations, SK Telecom, which controls more than half of Korea’s wireless users, can’t set its consumer prices without approval from the telecommunications regulator. SK Telecom is livid over the free voice-over-Internet protocol (VoIP) calls enabled by Kakao Talk, an immensely popular mobile messaging services, claiming that the services rattle its business to the core. The company insists that the free calls leave it no options but to raise their prices, but KCC officials aren’t convinced. ``Telecommunications carriers are redesigning their service plan policies and it’s up to them to make adjustments. We won’t allow them to use mobile VoIP as an excuse to raise prices,’’ KCC official Kim Choong-shin said. Chung Tae-cheol, a senior SK Telecom official, said that the company

Jun 22, 2012By Kim Yoo-chul
Tech & Science

Samsung says 'chip lines are safe'

By Kim Yoo-chul A study commissioned by Samsung Electronics said Friday no ``critical’’ cancer- and leukemia-causing chemicals were found at the company’s memory chip lines. The world’s biggest chipmaker, which set up its first healthcare center at the firm’s main chip compound on the outskirts of Seoul in April 2010, released a statement saying some 10 experts are still conducting a thorough study exploring working conditions at its chip facilities. In the statement, Samsung said it has released its analysis of working conditions at its chip lines in the American Industrial Hygiene Conference and Expo 2012 (AIHce 2012), held from June 16 to June 21 in Indianapolis, the United States. Samsung said it discussed various pending issues with experts in the United States and the United Kingdom during the forum. Officials said the participation was aimed at building stronger monitoring systems to make its chip lines safer. Environ International _ a Chicago-based environmental consulting firm _ has also sided with Samsung Electronics by claiming that there was no ``critical l

Jun 22, 2012By Kim Yoo-chul
Tech & Science

Dutch court rules for Samsung in patent dispute with Apple

By Kim Yoo-chul Samsung Electronics said Thursday it will seek compensation from Apple after the Hague District Court in the Netherlands ruled in its favor regarding a 3G technology patent infringement. "The court orders that the defendant pay Samsung for the damages it suffered since August 4, 2010 as the result of an infringement on (patent) EP 269," the court said in its ruling. Samsung took Apple to court on June 30, 2011 for alleged infringements on four of its 3G, or third-generation, telephone technology patents. ``Samsung welcomes the decision of the court in The Hague, which again confirms that Apple makes free use of our technological innovations. In accordance with this statement, we will recover adequate damages that Apple and its products have caused,’’ the company said in a statement, Thursday. The order from The Hague is calling for Apple to pay damages for infringing a technical telecommunications patent for use in its mobile devices including the iPhone 3G, the iPhone 3GS, iPhone 4, iPad and iPad 2. These old-fashioned Apple products used baseband chip

Jun 21, 2012By Kim Yoo-chul
Tech & Science

Qualcomm chip shortage to continue

By Kim Yoo-chul Qualcomm said Thursday that its chip supply will not likely meet high demand from its major clients, including Samsung Electronics, LG Electronics and Pantech, dampening their hopes that chip supply would improve in the latter half of this year. ``We are still struggling to meet an explosive demand for the latest MSM8960 chipsets and other chip variants using a 28-nanometer processing technology, though the production yields of our chip products have steadily been improving,’’ said Kim Jong-ha, a senior executive at Qualcomm CDMA Technology Korea, Thursday. Industry sources said Qualcomm has been in negotiations with three and four chip foundries other than Taiwan’s TSMC to increase supply of the chips and stressed ``visible results’’ to follow shortly. Kim was at the sidelines in the press conference to unveil Qualcomm’s updated business strategies at the Plaza Hotel, downtown Seoul. Qualcomm had warned in April that it will have trouble meeting demand for some of its advance cellphone chips for the rest of the year due to manufacturing constraints and op

Jun 21, 2012By Kim Yoo-chul
Tech & Science

Samsung SDI strikes energy deal in Germany

By Kim Yoo-chul Samsung SDI, said Wednesday that it signed a memorandum of understanding (MOU) with German-based KACO for the cooperation of mutually-interested businesses and to supply SDI’s fine-tuned energy storage system (ESS) solutions. The agreement came during SDI’s CEO Park Sang Jin’s participation of an industry forum in Munich, Germany. Under the MOU, Samsung SDI will supply ESS battery modules to KACO. With the SDI technologies, KACO will add its power conditioning system (PCS) as a last step before shipping to its clients, SDI said in a statement. KACO’s ESS solutions using SDI technologies will be released in Europe from the latter half of this year with two levels ― 5.8 kilowatt for households and 100 kilowatt for industrial use. ``The latest deal will help SDI bolster our presence in Europe’s growing ESS market. We believe KACO will guarantee its product competitiveness by using Samsung technologies,’’ said Seo Hae-su, a spokesman for Samsung SDI. KACO is the world’s second-biggest manufacturer of inverters for solar cells. Headquartered in Germany, it

Jun 20, 2012By Kim Yoo-chul
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