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Thu, October 19, 2017 | 01:30

Biz & Tech > IT >

LG V30 launched in US

LG Electronics rolled out its premium smartphone V30 in the North American market, Thursday. Launched on the back of favorable reviews overseas, the V30’s success in the U.S. market will be essential for the electronics company as its mobile business has been in a severe slump with its 10th consecutive quarterly operating loss. “The V30 will capture the North American premium...

IT | 2017-10-12 17:38

Samsung BioLogics gets FDA certification

Samsung BioLogics’ second plant has received its first manufacturing approval for a biologic drug from the U.S. Food and Drug Administration (FDA), the company announced Thursday. With the latest certification, the Incheon-based company is now able to produce nine commercial biological products _ eight from the first plant and one from the second. Samsung completed building the second plant with a capacity of 150,000 liters in February 2015 and began pilot production in February 2016. It carries extra weight because it took 19 months to get its first FDA approval, compared with the first pro...

IT | 2017-10-12 16:16

Olympic shooter to head US IT firm in Korea

Olympic gold medalist shooter Lee Eun-chul has been named chief of a U.S. database company’s Korea office. According to Clustrix, Thursday, Lee, 50, will work as country manager for its branch office in Seoul. The San Francisco-based firm opened the office, Wednesday, to commit to the growing Korean and Asia-Pacific markets.

IT | 2017-10-12 15:43

Clustrix opens Seoul office

Clustrix announced Wednesday that it has opened its Korea office in Seoul. According to the San Francisco-based company, Lee Eun-chul has been hired as Korea Country Manager and Jin Lim as vice president of technology.

IT | 2017-10-12 07:53

Samsung set to chalk up record profits in Q3

Samsung Electronics is forecast to chalk up a record 15 trillion won ($13.2 billion) in its third-quarter operating profit on the back of the booming chip market and its recovering mobile phone earnings, according to brokerage houses, Wednesday. The world’s largest chip and smartphone maker is scheduled to issue an earnings guidance Friday. “Samsung’s third-quarter operating profit is expected to reach 15 trillion won along with its revenue of 62.3 trillion won,” said Lee Seung-woo, an analyst of Eugene Investment and Securities.

IT | 2017-10-11 17:49

SKC to work with Evonik in chemical business

SKC is seeking to cooperate with Evonik in the global chemical market, the company said Tuesday. The petrochemical business arm of SK Group said it is in discussion with the German chemical giant to gain access to its hydrogen peroxide to propylene oxide (HPPO) conversion technology.

IT | 2017-10-10 20:41

Cisco, Apple may shudder at regulatory change

Cisco Korea may have to share its key financial information starting next year as the government aggressively pushes to tackle the lack of transparency and tax-dodging practices by foreign enterprises, according to industry sources, Tuesday. “Though there still is much to be seen about the application of the revision, it can provide authorities the legal grounds to track impo...

IT | 2017-10-10 17:58

Samsung wins cinema LED contract in Thailand

Samsung Electronics has clinched its first overseas contract to export its cinema light-emitting-diode (LED) display to Thailand’s leading theater chain operator, Major Cineplex. Under the deal, the tech giant plans to provide its cinema LED screens to major theaters of the Thai company. Samsung did not unveil the exact values of the contract.

IT | 2017-10-09 14:49

KT to build autonomous vehicle cluster in Pangyo

KT has won a license to build the world’s first autonomous vehicle cluster in the tech-savvy startup district of Pangyo in Gyeonggi Province, the company said Monday. The fixed-line operator plans to build a core telecom infrastructure - including a fifth-generation (5G) wireless network and big data platforms - for the 20 billion won ($26.16 million) project, set to be finis...

IT | 2017-10-09 14:47

Can Spielberg's 'Ready Player One' recreate buzz over VR?

Virtual reality (VR) has been chosen as one of the most crucial innovative technologies that can help redevelop and reinvent the Korean economy. The country’s science and ICT ministry is pouring big money via funds into the technology, which can be used for a variety of applications ranging from healthcare, architecture to entertainment and finance. The development of virtual...

IT | 2017-10-09 07:50

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