SEONGNAM Gyeonggi Province ― Korea International School has navigated uncharted waters by going digital to help students learn the necessary skills for college and the real world.“One to one education is using the computer to enhance to delivery of curriculum and allowing students the ability to differentiate, to learn at their own pace and own time,” said Tim Bray, a math teacher at the school wh

LG Electronics on Sunday launched a special league tournament of “StarCraft II” in 3-D.The tournament to advertise the company’s 3-D panels started in Gwangju, and will move onto Incheon, Busan, Daegu and Daejeon, the electronics maker said.After the preliminary games, the final will be held in Seoul on May 18. LG Electronics said it will be installing its Cinema 3-D TVs in key points in all the c

Aekyung Group Chairwoman Chang Young-shin donated 3 billion won ($2.8 million) to the Korea Advanced Institute of Science and Technology, the company said on Monday. “Based on the belief that natural science and engineering is the way to reviving national competitiveness, we give this donation with hope that KAIST will increase its efforts to help foster intelligent young minds who will guide the

A semi-government committee on mutual growth said it will select in August the industries conglomerates would be discouraged from entering or expanding in to give their smaller counterparts more opportunities.At their meeting in Seoul, the members, led by former Prime Minister Chung Un-chan, said for now, they have confirmed the selection guidelines and will be choosing the industries based on how

World’s top memory chipmaker sees tough conditions in coming quarterSamsung Electronics Co. said Friday it logged 2.95 trillion won ($2.7 billion) in net profits for the first quarter of this year amid globally weak demand for flat panels and TVs sets. It is a 33 percent decline from the same period last year and it is the lowest operating profit in seven quarters.Its sales stood at 36.99 trillion

Samsung Electronics Chairman Lee Kun-hee on Thursday supported a presidential aide’s call for public funds to more actively exercise their rights as shareholders.The business tycoon said he was not only unperturbed by the remarks, but he “welcomes the idea of having shareholders publicly exercise their rights.”Lee was remarking on a speech given Tuesday by Kwak Seung-jun, head of the presidential

LG Electronics this week posted an operating profit, signaling that the global electronics maker is getting back in the groove with well-paced strategies and cutting-edge technologies.LG Electronics, the world’s second-largest flat-screen television maker and third-largest handset maker, has been avidly making its way up in the smart device industry under the guidance of its CEO Koo Bon-joon to pr

The country’s corporate giants appeared to be inwardly seething over the latest remarks from a presidential aide who said public funds should play a bigger role in promoting corporate governance by more proactively exercising their shareholder rights.Samsung Electronics, which Kwak Seung-jun mentioned as one company that needs to see more of its shareholders taking control, refused to comment, say

Samsung Group, South Korea’s top conglomerate, will build green-energy industrial facilities from 2021 in a new town to be created on west coastal tidal flats, the Prime Minister’s Office (PMO) said Wednesday.Samsung signed a memorandum of understanding with the government to construct green-energy production facilities, a research institute and houses on a 11.5-square-kilometer plot in the Saeman

A presidential aide Tuesday urged the national pension and other public funds to avidly exercise their shareholder rights in order to keep larger companies in check.“Public funds exercising their shareholder rights (in large companies) are the most effective way to keep the large companies and their power in check,” said Kwak Seung-jun, head of the Presidential Council for Future and Vision at a p

Average executive at Korea’s top 100 companies is 52.5 years old, 4 years younger than in 2006Corporate top brass are getting younger by the year, with the average age of executives at Korea’s top 100 companies surveyed at 52.5 years last year, having shed almost four years since 2006.Five years earlier, the average executive was 55.9 years old. Monday’s figures from the Korea Listed Companies Ass

Owners of top industrial companies took out loans against their own shareholdingsOwners of some of the nation’s top “chaebol” industrial groups have obtained loans from creditors by offering nearly all of their own company stocks as collateral, data from the Financial Supervisory Service and online corporate sources showed on Sunday.Almost 80 percent of Dongbu Group Chairman Kim Jun-ki’s 15.41 mil

Korean regulator to ask Apple’s on nature of location collected on devices An Apple Inc. logo hangs above the entrance at the Fifth Avenue store in New York. (Bloomberg)Korea’s top communications regulator will request that Apple Inc. address the privacy concerns caused by recent allegations that the company has been accumulating location information of its users. Officials of the Korea Communicat

Samsung Electronics Chairman Lee Kun-hee on Thursday said Samsung was coming under intense scrutiny from more and more firms, saying it was not only Apple, but even those outside the IT industry trying to keep his company at bay. “It’s a matter of (wanting) to hammer in a protruding nail,” Lee told reporters during a rare visit to Samsung Electronics headquarters in Seocho-dong, southern Seoul. He

Companies considering bigger budget and greater restrictions to protect dataThe local financial sector geared up to tighten security of its IT systems after watching hackers take advantage of security loopholes in the nation’s top financial firms, sources said Thursday. Major banks here said they were devising measures to step up security, such as beefing up their oversight teams or banning employ

Nonghyup executives under fire as calls mount for chairman’s ousterChoi Won-byung, chairman of the embattled National Agricultural Cooperative Federation, faces intensifying pressure to step down as soon as possible to accept responsibility for the latest network crash at the nation’s largest banking network. On April 19, top unions representing the nation’s agricultural cooperatives gathered toge

Two of the world’s most prominent IT giants Samsung Electronics and Apple Inc. are poised to fight it out over patent rights.Shortly after Apple said it had sued Samsung for “blatantly copying” its products, Samsung Electronics fired back Samsung would be filing a suit against Apple for copying its communications technology. “We are definitely considering a lawsuit,” said Kim Nam-yong, a spokesman

Kwon shows confidence in company’s 70 percent market share by year-endLG Display’s chief executive Kwon Young-soo was unperturbed by the company’s lackluster first quarter performance, saying he was certain of the global dominance by year’s end of his firm’s new 3-D panel technology, the film-type patterned retarder. “I don’t believe our goal to achieve as much as 70 percent market share in the gl

The National Agricultural Cooperative Federation, or Nonghyup, on Monday said it would offer full compensation for losses incurred from its recent network crash.“Our compensation will fully cover any form of damage our clients suffered in the aftermath of our network problems,” Lee Jae-gwan, a Nonghyup executive said at a press conference.The scope of compensation will include not only interest co

Flat-panel maker LG Display incurred a second-straight quarter operating loss during the January-March period on falling panel prices triggered by dormant demand, the company said in a regulatory filing Monday. Operating deficit for the first quarter of this year stood at 239.2 billion won ($219.2 million).The figure was narrowed from 387 billion won in the fourth quarter of 2010, but industry wat