LG-Ericsson said Thursday that it hoped the launch of its Long Term Evolution network would give it the top spot in the country’s telecommunications industry.Lee Jae-ryung, chief executive officer of LG-Ericsson, said that the company expects to surpass its peak sales figure of 1.1 trillion won recorded in 2008 with the nationwide introduction of fourth generation LTE networks.“It’s difficult for

Online game publishing companies Nexon and CJ Entertainment and Media agreed Tuesday to jointly publish the popular Sudden Attack from July 11.People will be able to access the free-to-play first person shooter game on both CJ E&M’s Netmarble and Nexon’s platforms until July 10, 2013, officials at Nexon said.The agreement was signed after debate was sparked on May 30 when CJ E&M began publicizing

The Korea Communications Commission agreed to exclude two mobile carriers SK Telecom and KT Corp. from a new wireless broadband spectrum auction, giving the upper hand to LG Uplus on Wednesday.Five commissioners of the state media and telecom regulating body said SKT and KT will be blocked from taking part in the 2.1 gigahertz radio spectrum auction, slated for early August.“We decided to go with

LG Electronics said on Tuesday it would roll out the world’s fastest A4 color desktop printer, able to print up to 60 pages per minute, this month.In a press conference held in downtown Seoul, the global electronics giant said it joined hands with global player Memjet to release the product “Machjet LPP6010N” in the local market.The event comes as LG Electronics is putting more weight on the print

SK Communications said Tuesday it has launched a website that provides scholarship information involving 63 scholarship foundations and 110 different academic funding programs.The country’s online portal, which runs Cyworld, said it would also hold a briefing session in Seoul and Busan this week at two universities to explain how students could easily access information on various scholarships ava

CEO Son says company will help renewable energy industry through Internet technologyMasayoshi Son, chairman of Softbank Corp., said Monday that the company aims to be listed as one of the world’s top 10 firms in market capitalization in the next 30 years.In a press conference held in downtown Seoul, the 53-year-old chief executive officer said the firms belonging to the top 10 list have changed ra

Mobile retail outlets will not be able to activate new mobile phones on Saturdays starting from next month as the government plans to enforce the 40-hour per week work scheme for smaller workplaces.The country’s three mobile carriers ― SK Telecom, KT Corp. and LG Uplus ― said that electronics systems at the mobile retail outlets will not function on Saturdays beginning July 1.The move comes as the

Hyundai Motor Co. said Sunday it found 97 of its unionized workers in Ulsan and Asan factories logging on to Internet gambling games during work hours.The country’s No. 1 carmaker said 62 employees at its Ulsan plant and 35 employees at its Asan plant were involved in cyber gambling, betting as much as 100 million won ($92,000) in some cases, according to company officials.The online gambling was

4G mobile phones to be released as early as Sept.The fourth generation telecommunications technology Long Term Evolution is expected to debut next month as two of the country’s mobile carriers are getting ready to launch the service in many cities across the nation.SK Telecom, the country’s top mobile carrier, has announced it will commercialize the technology in Seoul next month by establishing 6

Lotte opens store in Tianjin; E-Mart looking to sell outletsLotte Shopping will open its first wholly invested department store on Friday in Tianjin, China, company officials said Thursday.The country’s top retail giant said the store in Tianjin will be the third establishment built overseas, but the first operated “Korean style.”The department store, located in one of the largest cities in China,

SK Telecom, the country’s largest mobile carrier, said it submitted a request to the state telecom regulator, asking it to punish its competitors over wrongful plays such as massive subsidy offering.The company claims its two rivals KT Corp. and LG Uplus have impeded competition by providing subsidies that amount to over 700,000 won over the past two months.“Recently, KT and LG Uplus have been ope

Conglomerate replaces two execs responsible for auditingSamsung Group has replaced its top auditing and human resources managers, signaling that a conglomerate-wide shakeup may take place soon.Samsung said it named Chung Hyun-ho as the new head of the business examination team, which oversees audits, and Chung Keum-yong as the chief of human resource support.The replacement of the company’s high-r

Google Korea introduced in Seoul on Tuesday the company’s efforts to make the Web accessible to everyone.“The work we do on accessibility is to make the information accessible to everyone ― seniors like your grandfathers and grandmothers, users who are blind and those who have hearing impairments,” said Google Inc. research scientist T.V. Raman at a press conference in Seoul.According to figures r

Failure of bill passage would likely damage smaller broadcasters: expertsAttention is being paid to the parliamentary passage of the controversial advertising broker bill as the National Assembly committee dealing with the issue is due to open its general meeting later this month.The opposition Democratic Party said Monday it decided to go with having a single advertising broker for public televis

Samsung Electronics and SK Telecom were picked as the best companies for people to work in a survey released by an economic consulting firm on Monday.The Korea Management Association Consultant said Samsung Electronics received the highest marks in manufacturing and SKT was rated No. 1 in service providers when selecting the top company to work for in Korea in a survey answered by 5,214 people.Sam

Unsuccessful ventures eat into mobile carrier’s valueSK Telecom, the nation’s No.1 wireless service provider, has proved to be far from savvy when it comes to overseas ventures. After unsuccessfully knocking on the doors of numerous overseas markets including the U.S. and China for six years, the company was forced to call it a day. The failure was such that former SKT chief executive Chung Man-wo

SK Telecom said Thursday it signed an agreement with Nautilus Hyosung Inc. to work together on the mobile carrier’s smart finance business project.The country’s leading mobile carrier said that it formed a partnership with Korea’ top automatic teller machine company to build smart branches.Smart branch is a mini branch service that uses SKT’s information and communication technology to offer vario

Mobile carriers are moving into the mobile messenger field after wrestling with the surging popularity of existing mobile messengers which they claim have jammed networks and snatched away data fees.KT Corp., the country’s largest fixed-line service operator, released its own communication tool called “olleh talk” on Thursday.SK Telecom is also looking into introducing a mobile chat service as ear

Samsung Electronics is featuring high-quality solar cell technology at the Intersolar Europe 2011 held in Munich, Germany, from June 8-10.Under the catchphrase of “Samsung Delivers High Efficiency,” the company presented solar modules, which were made through screen-printed solar cells, according to Samsung officials.It will show 260-watt crystalline white commercial module and 250-watt premium bl

LG Electronics said Wednesday that it will hire up to 800 disabled people by next year, double its existing number of disabled staff.The hiring will be part of the company’s plan to employ workers in the fields of research and development, production, marketing and business support until June 15. Applications will be accepted at the firm’s website (www.lge.co.kr).“LG Electronics expects to meet th