Amgen, a leading global biopharmaceutical company, officially launched a new affiliate in South Korea on Tuesday, pledging to take the lead in introducing innovative treatments to local patients.The U.S.-based biopharma giant -- best known for its blockbuster rheumatoid arthritis drug Enbrel as well as Neulasta and Neupogen, white blood cell booster drugs used after chemotherapy -- plans to launch new treatments for cancer as well as cardiovascular, rheumatic, blood and bone diseases in Korea.Am

After its earnings during the July-September period nosedived, game developer NCSoft vowed to beef up its global operations, especially in the mobile game segment.Yoon Jae-soo, chief financial officer of the Korean game company, said in a conference call Wednesday that the company would recruit “up to 100” more developers at its mobile game studio in Silicon Valley. NCSoft CEO Kim Taek-jin.The announcement is in line with the company’s initiatives to diversify its business portfolio in order to

This year’s exhibition at the largest game trade show G-Star 2015 to be held in Busan next week will be full of hands-on experiences, according to Korean game developer Nexon on Tuesday. At a media briefing in Seoul for a preview, Nexon said it would unveil a total of 15 new online and mobile games during the event to be held from Thursday through Sunday in the nation’s second-largest city. Lee Jeong-hun, vice president of the game company, delivers a speech at the preview session for the G-Star

Information communications and technology solutions developer LG CNS said Tuesday it had secured a deal to establish a fleet management system to collect public transit data in Pasto, Colombia, which the company said would give a boost to its business operations in South America.The FMS transmits bus data, including location, and driving speed, through GPS and network modems to a control center, which then analyzes the received information. (From left) Jorge Cote, head of public transit corporat

  LG OLED TV SETS RECORD MONTHLY SALES -- LG Electronics said Tuesday that the sales of its organic light-emitting diode TVs have reached a record 4,500 in October. The company said it would further try to appeal to more customers by reducing the prices of its high-end TVs. (LGE)

PORTABLE PRINTER APPEALS TO CUSTOMERS -- LG Electronics said Monday that the cumulative sales of its mobile printer Pocket Photo has crossed 1.3 million units worldwide -- 80 percent of that in Korea and China -- since the release of the portable printer in September 2012. (LGE)

Mobile platform developer SK Planet said Monday that it has sued Loc & All, a mobile navigation service firm and subsidiary of mobile messenger operator Kakao, for unauthorized use of its mobile map database.The company -- which runs mobile navigation app T-Map and compiles and provides a digital map database for corporate customers -- announced it has filed a lawsuit at the Seoul Central District Court. Mobile navigation app Kimgisa. (Loc & All)SK Planet had opened up some of its T-Map mobile m

  LI VISITS CREATIVE CENTER -- KT chief executive Hwang Chang-gyu (center) introduces an iris recognition solution to Chinese Premier Li Kequiang at a creative economy center run by the Korean mobile carrier in Gyeonggi Province on Monday. The Korean government and Korean conglomerates established 17 creative economy centers across the nation to support start-ups. (KT)

Patrick Johansson, new chief executive of Ericsson-LG. (Ericsson-LG)Network equipment developer Ericsson-LG said Monday that the board of directors has appointed Patrick Johansson, vice president of the firm’s business unit radio, as new chief executive of the company. Johansson, who will be responsible for all Ericsson-LG business operations in Korea, joined Ericsson in 1997 and has since then held various management positions and served as a board of director member for Ericsson-LG from 2012.I

GOOGLE NURTURES CREATIVITY -- Eric Schmidt (second from left), executive chairman of Alphabet, the holding company of Internet giant Google, watches children participate in a workshop at Kids Maker Studio -- a creative lab for kids -- in Gwacheon, Gyeonggi Province, Friday. (Yonhap)

Design plays a key role across a range of sectors in society from art to business to represent beliefs, values and ideas.Randi Zuckerberg, the founder and chief executive of Zuckerberg Media and a marketing expert, believes that design guards the world from disorder and chaos and shapes people’s lives.The Zuckerberg Media CEO, with multiple careers including author and TV producer, has published two books, including “Dot Complicated,” a New York Times bestseller about her views on technological

IT CONNECTS ASIA -- Mobile carrier LG Uplus said Thursday it had successfully held the 5th Global IT Challenge competition for disabled youths from Monday to Thursday at Universitas Multimedia Nusantara in Indonesia. The annual competition is aimed at reducing the information gap in the Asia-Pacific region. (LG Uplus)

KT NURTURES CLOUD BUSINESS -- Seo Suk-jin, a director general of the Ministry of Science, ICT and Future Planning, delivers a congratulatory speech at the sixth Cloud Frontier 2015, a conference for the cloud computing industry organized by mobile carrier KT, in Seoul on Thursday. (KT)

Facing tough competition in the world’s mobile and electronics markets, tech giant LG Electronics saw its profit drop by a whopping 37 percent in the July-September period as losses widened in its flagship mobile business unit.The electronics firm said in its regulatory filings that it earned 14.3 trillion won ($12.5 billion), down 5 percent year on year, in the third quarter. The company reported 294 billion won in profit, down 37 percent on-year. An employee enters LG Electronics`s head office

South Korea’s leading mobile carrier SK Telecom on Thursday opened an innovation center named the 5G Playground for developing and testing advanced network technologies with its partners.The 5G Playground, located in the wireless firm’s office in Bundang, Gyeonggi Province, features places where visitors can have a firsthand experience of virtual reality technology and test bed labs to conduct joint R&D projects with global IT firms including Samsung Electronics, Ericsson, Nokia, Intel and Rohde

Samsung Electronics will soon roll out its new mobile application processor, the Exynos 8890, which is likely to be mounted on the next flagship smartphone Galaxy S7, according to news reports.Samsung will mass produce its own mobile chip as late as December at its production lines in Giheung, Gyeonggi Province, according to a local news outlet. Samsung refused to comment on the production plans of the next-generation chip model. Samsung Electronics‘ Exynos 7 Octa featured in the Galaxy S6. (Yon

JEJUDO ― Kakao CEO Rim Ji-hoon made his official debut on Tuesday, pledging to restore profits through more customized, mobile-based services. “You cannot seek short-term profits in Internet services,” he said of the company’s sluggish sales in the first half of this year during a press conference held at the headquarters on Jejudo Island. “In the next mobile era, all previously PC-based services will be available on mobile devices. We will lead the new era by offering more customized, ‘on-deman

LG Electronics has recently filed an injunction against the U.K.-based home appliances manufacturer Dyson to stop its ad campaign in Australia that claims its cordless vacuum cleaner boasts “the highest suction power” among rivals. The Korean tech giant said Dyson’s claims are misleading consumers, saying its Cord Zero Cyking produces twice the suction power of Dyson’s V6 cleaner. According to the company, LG’s Cyking has a maximum suction power of 200 watts, double the 100 watts of Dyson’s V6.

South Korea’s leading battery maker LG Chem said Tuesday that it had completed the construction of a plant for electric car batteries in Nanjing, China.The Seoul-headquartered battery firm has already inked supply deals with 16 local car companies, including China’s top three automakers Shanghai Automotive Industry Group, Dongfeng Motor Group and the FAW Group, and supplied batteries for 1 million EVs.LG Group chairman Koo bon-moo (center), vice chairman Koo Bon-joon (second from right), and Chi

Aiming to boost its presence in the global business-to-business sector, Samsung Electronics has laid out a blueprint to lead the global air-conditioning market, pledging that it would achieve $10 billion in sales by 2020.To that end, Yoon Boo-keun, Samsung Electronics consumer electronics business unit head, vowed that it would beef up the business for system air conditioners, or central air conditioners in construction markets, utilizing the firm’s capabilities in air-conditioning for general c