Samsung posts record quarterly profits
Samsung Electronics posted a record operating profit of 6.72 trillion won in the second quarter, up 79 percent from a year ago, on the back of stellar smartphones sales. The technology giant said that its second quarter sales also rose by 21 percent to an all-time high of 47.6 trillion won. Its net income reached […]
LG’s mobile biz to turn around
LG Electronics fell behind in the smartphone era but seems to have finally rebounded. The latest data clearly shows that the flagship firm of LG Group is catching up fast. Despite earlier negative forecasts amid sluggish handset sales, its operating profit for the April-June period increased by 120.5 percent to 349 billion won ($302.95 million) […]
Samsung, Apple may be near reconciliation
Samsung Electronics and Apple may enter a comprehensive cross-licensing deal this year, sources told The Korea Times, Thursday. The first trial on the Samsung-Apple patent dispute in the United States is slated for July 30. Samsung is asking Apple to pay a 2.4 percent royalty rate for the iPhone and iPad devices using technology it […]
LG Electronics bounces back
Operating profits jump 120% LG Electronics, the nation’s second largest electronics manufacturer, bounced back in the second quarter riding a robust wave of TV and home appliance sales. Despite earlier negative forecasts amid sluggish handset sales, the firm’s operating profit for the April-June period increased by 120.5 percent to 349 billion won ($302.95 million) from […]
Kumho Petro expands investment in China
Kumho Petrochemical is expanding its presence in China, the most sought after market in the world. Park Chan-koo, chairman of Kumho Petrochemical, visited Chongqing Friday to meet with Mayor Huang Qifan and agreed on a joint investment plan to expand Kumho’s chemical business there. “We were able to finish our factory and finish preparation for […]
KT to commercialize VoLTE
Mobile carrier KT announced Tuesday that it will commercialize its voice over long-term evolution (VoLTE) service in October. Current voice calls are all transmitted through third generation (3G) networks but will use LTE networks once the service starts, allowing better quality and faster connectivity, company officials said. KT, though last to establish LTE services among […]
Samsung, LG in legal tussle
12 ex-officials charged with technology theft Samsung Display vowed Monday to continue its legal fight with LG Display after the Suwon District Prosecutors’ Office charged 11 former senior and low-ranking technicians over involvement in the leak of cutting-edge OLED technology to LG. “This is intolerable. All key OLED technologies were leaked to LG. This is […]
Samsung takes crucial win over Apple
Samsung Electronics scored a critical win in its battle with Apple over intellectual property and design yet was still left nursing a bruised ego. In a ruling against Apple, which has been accusing its Korean rival of copying its smartphones and touch-screen tablets, Judge Colin Birss of the British High Court declared that the design […]
Diablo 3 popularity waning fast
Blizzard Entertainment’s Diablo 3 has seen its popularity plummet due to “poor content.” “Diablo 3’s place is shaky,” said Kim Min-kyu, a cultural content professor at Ajou University over the phone, Monday. “It is hard to believe that it was made by the people who created World of Warcraft and the StarCraft series. The poor […]
NHN taking lead in messenger games
NHN is taking the lead in the messenger game market by releasing games via its mobile messenger service Line ahead of its competitors. The firm said Monday that its first game, Line Birzzle, has had over 2 million downloads a week after its release. NHN has opened a service platform called Line Channel accessible through […]
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