Consumer-focused design and R&D is essential for success Following is the fifth in a series of interviews with world’s top designers and scholars who will participate in the Herald Design Forum in Seoul from Oct. 5 to Oct. 6. ― Ed. Companies need to focus all their efforts on the consumer, and begin the process of developing new products from the consumers’ point of view, author and brand consu...

Samsung LED, one of the industrial group’s underperforming affiliates, is expected to see many of its executives pack their bags amid speculation that the company will be merged with the semiconductor division. Among the 30 or so executives, nearly half are expected to be given the pink slip, industry sources told The Korea Herald. They said the decision was made following a recent group-wide au...

Samsung Electronics Co., the world’s second-largest mobile-phone maker, released two new smartphones here on Monday as global mobile operators move to faster fourth-generation networks. Samsung is confident that sales of the two new Galaxy handsets compatible with long-term evolution technology will exceed shipments of its previous smartphones, a company representative said. “Sales of the LTE s...

Trade volume growth sets important precedent for developing nations South Korea’s trade volume reaching $1 trillion is a miracle that has significance not only for Korea but for developing countries, Korea International Trade Association chairman SaKong Il said Monday. With Korea’s trade volume, including exports and imports, expected to surpass $1 trillion won this year, Korea is set to become ...

Executives at Samsung LED, Samsung Mobile Display expected to pack their bags Samsung LED, one of the industrial group’s underperforming affiliates, is expected to see many of its executives pack their bags amid speculation that the company will be merged with the semiconductor division. Among the 30 or so executives, nearly half are expected to be given the pink slip, industry sources told The...

BEIJING (AFP) - China, already the world's second largest bullion consumer, has installed the country's first gold vending machine in a busy shopping district in Beijing, state media said Sunday. Shoppers in the popular Wangfujing Street can insert cash or use a bank card to withdraw gold bars or coins of various weights based on market prices, the People's Daily said on its website. Each withd...

South Korea’s Samsung Electronics, the world’s second-largest mobile phone maker after Nokia, said Sunday it had sold 10 million Galaxy S II smartphones worldwide since the device debuted in April. Sales of the new model, an upgraded version of the firm’s flagship smartphone, had doubled in two months after hitting the five-million mark in July, the company said. The new device was released loc...

Asiana Airlines signed on as an official sponsor of International Exposition Yeosu Korea 2012 on Sunday. A contract making Asiana Airlines an official sponsor was signed by the company’s chief executive Yoon Young-doo and chief of the Organizing Committee for Expo 2012 Yeosu Korea Kang Dong-suk at the Asiana Airlines lounge in Incheon International Airport on Sunday. The Expo 2012 Yeosu Korea w...