Shinsegae Group vice chairman Chung Yong-jin’s Twitter account appears to have been hacked by an unknown entity. The hacker sent commercial tweets and spam messages to more than 119,000 of Chung’s followers and even changed the account ID to “@Acaiberry56” from “@yjchung68.” The vice chairman was not aware of the incident until he checked his account the next day on Oct. 29, according to news r...

Hanwha China is to go into the hot-spring resort business in China in collaboration with a local company, Hanwha Group announced Sunday. Hanwha China is the Korean conglomerate’s subsidiary in charge of its operations in China. According to the conglomerate, Hanwha China signed a memorandum of understanding with China’s Yida Group to establish a joint venture for building and operating a leisur...

Samsung Electronics said Friday that it expects to introduce flexible displays for mobile handsets during the first half of 2012. “We’re looking to roll out flexible displays sometime in 2012, hopefully the earlier part rather than the latter,” Robert Yi, vice president of investor relations at Samsung Electronics, said during its quarterly earnings conference call. “We will start with handsets...

KT, the nation’s No. 1 telecom services provider, said Thursday that it will launch a new Samsung tablet PC specially designed for middle-aged users, housewives in particular, on Oct. 31. KT has developed the Smart Home Pad with Samsung Electronics and inked an exclusive deal to stock the new Galaxy Tab 8.9 for the next year. “People in their 40s and 50s may have had difficulty using smart devi...

China’s Vice Premier Li Keqiang met LG Group chairman Koo Bon-moo during Li’s visit to the flagship unit’s research and development campus in southern Seoul on Thursday. Becoming the only company on Li’s list during his two-day visit to Seoul, Li exchanged views with Koo on LG’s high-end IT products, such as the Cinema 3-D television which is among the products gaining popularity in China, accor...