South Korea's two biggest mobile carriers -- SK Telecom Co. and KT Corp. -- said Friday they plan to release the long-awaited iPhone 5 in the local market next week. SK Telecom and KT tweeted they plan to start receiving pre-orders for the Apple device starting at 10 p.m. and officially launch the phone on Dec. 7. The move comes nearly three months after the U.S. smartphone maker, which is faci...

A tuition-free software school is accepting applications from prospective students from Nov. 28 through Dec. 12, with the academic center slated to open in March, according to NHN officials on Wednesday. Named “NHN Institute for the Next Network,” the software school, supported by the operator of the country’s largest portal Naver, is expected to become a cradle of “the next software culture,” i...

STOCKHOLM (AFP) ― Swedish telecommunications equipment maker Ericsson said Tuesday that it was suing South Korean rival Samsung in a U.S. court for violating patents. “Ericsson has today filed a lawsuit in the United States against Samsung for infringing its patents, after nearly two years of negotiations failed to reach an agreement,” a statement said. “The dispute concerns both Ericsson’s pat...

Three out of four Apple Inc.’s mega hit tablet computer iPads are equipped with liquid crystal display panels manufactured by South Korea’s LG Display Co. amid the heated patent row between Apple and Samsung Electronics Co., industry data showed Monday. According to data by research firm DisplaySearch, the global shipments of 9.7-inch LCD panels used for Apple’s fourth-generation iPad and iPad ...

KT Corp. said Friday that it will spin off its satellite business division into a separate firm. Company officials said the plan was endorsed at a shareholders’ meeting in Seoul on Friday. The new satellite firm, tentatively named “kt sat,” will start out on Dec. 1 with 50 billion won in capital, the company said. KT will wholly own kt sat, and the present KT Corp. Center chief Kim Il-yung will...

SK Telecom, Korea’s biggest telecom company, is most likely to merge two of its subsidiaries ― SK Planet and SK Marketing & Company ― as a means to beef up its mobile business, industry sources said. The telecom giant will move forward with the merger and acquisition plan after it acquires SK Innovation’s 50 percent stake in SK M&C for a 100 percent controlling equity. SK Telecom will likely ma...

SK Telecom, Korea’s biggest telecom company, is most likely to merge two of its subsidiaries -- SK Planet and SK Marketing & Company -- as a means to beef up their mobile business, industry sources said. The telecom giant will move forward with the merger and acquisition plan after it acquires SK Innovation’s 50 percent stake in SK M&C for a 100 percent controlling equity. SK Telecom will likel...

The sales of Viagra, formerly the nation’s best-selling drug to treat erectile dysfunction, have dropped by more than half in the five months since local generic drugs entered the market, market research company IMS Health Inc. said on Thursday. IMS said that the sales of Viagra dropped continuously after the drug’s patent expired in May. Between January and April, before its patent expired, Vi...

Big-box retailers are confronting their Internet competition head-on this holiday season. As the peak shopping period kicks off this week, Target and Best Buy will be leading the charge against Amazon and other Internet rivals by matching prices that shoppers find online. “The holiday is evolving,” said Marshal Cohen, chief industry analyst at NPD Group. “It’s a paramount issue and retailers ha...