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SK hynix Q2 net down 28% on rising cost of debts

SK hynix Inc., the world’s No. 2 memory chip maker, said Thursday its net profit tumbled 28.8 percent in the second quarter from a year ago due to the rising cost burden of its convertible bonds.Net profit came to 673.7 billion won ($657.96 million) in the April-June period, compared with...

Updated : 2014.07.24 21:08

LG Electronics net profit jumps 164.8% in Q2

South Korean tech giant LG Electronics Inc.’s net profit jumped 164.8 percent in the second quarter from a year earlier on strong performance of its mobile communications division led by its flagship G3 smartphone, the company said Thursday.Net profit came to 411.8 billion won in the Apri...

Updated : 2014.07.24 21:08

Samsung SDS to increase global ICT market presence

Samsung SDS, a systems integration business arm of Samsung Group, aims to boost its presence in global markets based on its competitive edge in the information and communication technology solutions b...

Updated : 2014.07.23 19:50

LG Display’s second-quarter net profit up 143.3%

LG Display Co. saw its net profit soar 143.3 percent in the second quarter from a year earlier, data showed Wednesday, as the rising price of TV panels overwhelmed sluggish sales of panels for smartphones and tablet PCs. Net profit reached 256 billion won ($250 million) in the second quart...

Updated : 2014.07.23 19:50

Google made failed bid for Spotify

Internet titan Google tried last year to buy streaming music service Spotify but backed off for reasons including a whopping price tag, the Wall Street Journal reported on Tuesday.The Journal cited an unnamed source as saying that Sweden-based Spotify was asking for more than $10 billion d...

Updated : 2014.07.23 19:48

Microsoft CEO sees ‘bold’ plan as Q4 tops Wall Street

Microsoft Corp. CEO Satya Nadella painted an upbeat vision of the future Tuesday, saying that the next version of Windows will be unified across screens of all sizes and that two money-losing units ― Nokia phones and Bing search ― would become profitable in 2016.The agenda, announced Tue...

Updated : 2014.07.23 19:48

Uber, a threat or wakeup call to local cab industry?

Controversy over Uber’s car-booking services is spreading like wildfire here following Seoul City’s decision to team up with related government bodies including the Korea Communications Commission t...

Updated : 2014.07.22 21:10

Hanwha to release wireless excavator controllers

Hanwha Group has teamed up with robotics researchers at Hanyang University to introduce the world’s first wireless control system for excavators this year. The tele-operation system, called the Ghost...

Updated : 2014.07.22 21:06

SK hynix to be unharmed by Toshiba’s lawsuit: analysts

SK hynix, the world’s second-largest memory chipmaker, is unlikely to be affected by the billion-dollar lawsuit filed by Toshiba Corp., according to some analysts on Tuesday.“It will take a very long time to actually verify whether SK hynix sought profit by making products that stole Tos...

Updated : 2014.07.22 21:05

Samsung to build TV plant in S. Africa

Beleaguered by the challenges posed by its Chinese rivals coupled with worsening profits, Samsung Electronics is making efforts to cut costs by expanding its overseas production lines. According to re...

Updated : 2014.07.21 20:09

Kakao leads sticker fad

Kakao Corp., the operator of Korea’s most-used mobile messenger Kakao Talk, is aiming to expand its character business based on its stickers ― emoticons going by the name of Kakao Friends ― used in...

Updated : 2014.07.21 20:09

Samsung mobile division execs return part of bonuses

Executives of Samsung Electronics’ mobile division returned about one-fourth of the bonuses they received for the first half of this year after the unit posted lackluster second-quarter earnings on slow smartphone sales, industry sources said Friday. More than 100 executives in Samsung’s...

Updated : 2014.07.18 20:49

LG outpaces Samsung in UHD TV panel market in May

South Korea’s No. 2 tech giant LG Electronics Inc. has overtaken Samsung Display Co. in the global market for Ultra HD TV panels for the first time in May, data showed Friday, with Taiwan’s Innolux Corp. keeping its top position.LG took up 27.6 percent of the global UHD TV panel market i...

Updated : 2014.07.18 20:49

Fuji Xerox Korea promises more efficiency at the workplace

Fuji Xerox Korea, a leading document management firm, said Thursday it would make efforts to solidify its leadership in the document management services market. “Fuji Xerox Korea will continuously provide a better work environment for our customers and also make contributions to society,”...

Updated : 2014.07.17 20:44

CrucialTec to develop fingerprint solution for mobile banking

CrucialTec, a leading fingerprint solution developer, said Thursday that it would develop a fingerprint authentication solution to be featured on financial authentication certificates for online banking services in South Korea. Once the authentication solution is developed later this year...

Updated : 2014.07.17 17:11