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[Newsmaker] Korea takes aim at mobile subsidies

On Oct. 1, South Korea will enforce a revised law governing the sales and subsidies of mobile devices such as smartphones in an effort to eradicate long-standing malpractices by telecommunications ope...

Updated : 2014.09.30 20:40

CrucialTec, Danal form JV in mobile payment solution

CrucialTec, a biometric sensor tech company, and Danal, a mobile payment solutions provider, have formed a joint venture called BioPay.CrucialTec said Tuesday that the two companies would use each oth...

Updated : 2014.09.30 20:23

Samsung SDS sets IPO price at 170,000-190,000 won a share

Samsung SDS, Samsung Group’s key IT unit, has set the price range of its initial public offering at 170,000 won to 190,000 won ($161 to $180) a share, sources familiar with that matter said Tuesday. Samsung SDS suggested the expected range of its IPO price to Korea Exchange, the main bour...

Updated : 2014.09.30 20:20

KT expands service benefits for customers

KT, South Korea’s largest telecom company, said Monday that it would offer high-quality, expanded services and benefits to customers next month in line with the country’s revised law governing the m...

Updated : 2014.09.29 21:04

Infozone to sue Apple for patent infringement

A South Korean venture firm has filed a complaint with the prosecution against Apple Inc.’s Seoul-based branch for patent infringement, sources said on Monday. Infozone, a mobile message solution provider, said that Apple’s iMessage service, which has been installed on iPhones since June...

Updated : 2014.09.29 21:03

Korea Post to issue commemorative stamps for ITU

The state-run postal office is planning to issue commemorative stamps for an upcoming meeting of the United Nations’ International Telecommunications Union set to open in Busan, according to government sources. The Ministry of Science, ICT and Future Planning said Korea Post will sell the...

Updated : 2014.09.29 20:59

China getting further ahead of South Korea in IC design market: report

South Korea is falling further behind in its chip design industry compared to China, whose market growth is getting stronger, a report said Sunday.   China's fabless industry grew 28.1 percent last year from the previous year, marking sales of $5.76 billion, according to the report from ...

Updated : 2014.09.28 13:45

CeBIT to focus on ubiquitous digitization

Ubiquitous digitization and how it will change peoples’ lives will be the focus for next year’s CeBIT conference, according to the organizers. “Digitization is everywhere and is shaping ever more dimensions of working and social life. IT is transforming existing business models while at...

Updated : 2014.09.26 22:45

LG Electronics launches event for Tone Plus headsets

LG Electronics launched Friday a promotional event for its premium Bluetooth headset, the LG Tone Plus, near Gangnam Station in southern Seoul.The electronics giant said that it had set up an experien...

Updated : 2014.09.26 22:45

SK hynix begins flash chip production in Chongqing

SK hynix CEO Park Sung-wook (third from left) and others pose in its new memory chip plant in Chongqing, China, Friday. (SK hynix)SK hynix, the world’s second-largest memory chip maker, said Friday t...

Updated : 2014.09.26 22:42

Samsung reduces PC business, follows rivals' path

South Korea's top tech giant, Samsung Electronics Co., said Thursday it plans to stop sales of its low-end ATIV laptop lineup in Europe amid the slowing global PC market, following the path of its rivals.   "We will no longer launch new versions of the Google Chromebook and ATIV in the E...

Updated : 2014.09.25 11:02

Samsung Galaxy Note 4 to hit shelves this Friday

Samsung Electronics said Wednesday that sales of its new hybrid device, the Galaxy Note 4, will roll out in South Korea through the country’s three mobile carriers on Friday.The premium 5.7-inch phab...

Updated : 2014.09.24 20:00

Pantech to be put up for sale soon

South Korea's No. 3 smartphone maker, Pantech Co., under a court receivership, is set to be available for sale in the near future, industry sources said Wednesday, in a move to get the company back on its feet.    The latest development came as the Seoul Central District Court gave the n...

Updated : 2014.09.24 10:07

LG CNS wins $45m smart grid deal in Poland

Kim Ji-seob (left), vice president of LG CNS’ smart green business unit, shakes hands with Tauron Dystrybucja CEO Piotr Kolodziej. (LG CNS)LG CNS, an IT affiliate of LG Group, said Tuesday it has cli...

Updated : 2014.09.23 21:02

MS CEO sets mood for reconcilation

Microsoft CEO Satya Nadella on Tuesday met with top South Korean officials and business moguls including Lee Jay-yong, vice chairman of Samsung Electronics, to discuss expanding ties with Korea and it...

Updated : 2014.09.23 20:59