KT chairman Lee Suk-chae (center) receives the IEEE Distinguished Industry Leader Award in Kyoto on Tuesday. At right is IEEE fellow Lee Byung-ki and at left is head judge Vincent Poor. (KT Corp.)KT chairman Lee Suk-chae received the IEEE Distinguished Industry Leader Award on Tuesday, which is considered to be one of the most prestigious awards in the field of information and technology.Given by

KT, LG CNS lead Korean firms moving into what promises to be key industryWith Apple Inc. officially announcing its dive into cloud computing, many local players believe the field is likely to become the next hottest trend of the mobile Internet era.Cloud computing technology enables people to access data and software, which are stored on servers and devices, through the Internet, making the inform

Samsung SDI, LG Chem, Hanwha participate in solar power projectsAn increasing number of firms are betting on solar energy projects as solar power is figured to be one of the fastest-rising new growth engines in the country.Large businesses, such as Samsung SDI, LG Chemical, Hanwha and SK subsidiary SKC, are gearing up to increase production to prepare for the rising demand for solar energy.Accordi

The Electronic Entertainment Expo 2011, the world’s largest game trade show participated in by local players Nexon and Bluehole Studio, will take place at the Los Angeles Convention Center from June 7-9.Nexon and Bluehole Studio will set up their own booths throughout the exhibition to make public their line-up of online games.Nexon, which took part in the show for the first time last year, will f

Debate is raging over whether trimming telecom fees by a small margin was the best move by a government desperate to show action on previous pledges to rein in soaring communication expenses. On Thursday, the Korea Communications Commission, the state telecom regulator, announced a discount plan for telecom fees that included a 1,000 won discount in basic service fees and 50 free text messages a m

The government announced its telecom fees discount plan on Thursday, which included a 1,000 won cut in SK Telecom’s basic service fees and 50 free text messages every month.The Korea Communications Commission, the state telecom regulator, said it agreed with SKT, the country’s top mobile carrier, to provide a 1,000 won discount for all customers, along with more text messages, both beginning in Se

Samsung Electronics’ handset division was ranked No. 23 this year among world’s telecom brands in a report released by London-based brand evaluation consultancy Brand Finance on Wednesday.In a report that announced the top 500 telecom brands around the world, SK Telecom, the country’s leading mobile carrier, was placed in 49th place, followed by KT Corp. at 55th.LG Uplus entered the top 100 in 89t

SK Telecom, the country’s top mobile carrier, announced Tuesday it would split its platform division and create a new platform subsidiary, which will be in charge of non-mobile businesses, as early as October.“The company has made the decision to build a new subsidiary to form business operation structures and business cultures that are a good fit to the two separate telecom and platform sectors,”

Ticket Monster, the country’s largest social commerce firm, said Tuesday the company would launch its first overseas business in Malaysia in its first step into the market there.Daniel Shin, CEO and co-founder of Ticket Monster, said it recently acquired Everyday.com, which is a leading social shopping site in Malaysia.Malaysia was chosen because Ticket Monster expects the market there to grow sha

Podotree, a local mobile application venture firm, is gearing up for overseas business expansion, with the goal of becoming the top player in the Japanese and U.S. markets, the company’s chief executive said Tuesday.In an interview with The Korea Herald, CEO Lee Jin-soo said the company released its Cube Dog 3-D Toy mobile application in global app stores, except the Japanese market, on Tuesday. T

SNS increasingly used as tools for broadcast, dating, communication and shoppingChung Jang-hwan, CEO of business social network website Linknow, had never dreamed of being hired through such an online service before.Formerly employed at L&S Investment and AT&T, Chung posted his resume on the Korean Linknow site without pinning much hope on the move.However, he was called in for an interview by Lin

Electronics giant kicks off 7.5-generation display panel plant in SuzhouSamsung Electronics, the world’s No. 1 television maker, held a ground-breaking ceremony for a next-generation liquid crystal display plant in China in a drive to target the fast-growing Chinese market.A sales clerk inspects liquid-crystal display televisions at Samsung Electronics Co.’s store in Seoul. (Bloomberg)The company

The average term of a chief executive officer at listed firms was 31 months, data showed on Sunday.It was also found that a single firm reseated its CEO an average of 3.7 times over the past 10 years, according to data released by Chaebul.com, a website that provides information on the country’s conglomerates. The survey was conducted on 992 listed firms.A firm that changed its chief executive in

KT Corp. said Thursday it will make the transition to an information technology convergence group from a telecom service firm, with plans devised to have non-telecom businesses take up 45 percent of overall sales by 2015.The country’s largest fixed-line service operator also announced it targets 40 trillion won ($37 billion) in sales ― 6 trillion won in IT service and media, 8 trillion won in fina

The government is delaying its announcement of a telecom fees discount plan until next week after fierce opposition from political circles early this week.According to the draft plan, prepared following talks between a state taskforce and local telecoms, mobile carriers are to offer 50 more free text messages every month and subscription costs for mobile phone services are to be halved for teenage

Samsung Electronics said Wednesday it will send product samples to Apple’s legal team within 30 days after a U.S. court gave the order in a ruling over a patent dispute last week.“We don’t find it difficult to send the samples within the 30-day period since it is not the first time the products are being revealed,” said a Samsung official. “We’re also likely to request samples from Apple since the

SK Telecom, the country’s top mobile carrier, said Wednesday it will aggressively enter overseas markets, such as China and Japan, by opening its application store to customers there.SKT’s T-Store content and applications will be sold through a shop-in-shop form within the Mobile Market, which is China Mobile’s application store, beginning in July, its officials said.The company also signed an agr

The Korea Communications Commission is considering giving priority to new participants in its upcoming bandwidth auction which is scheduled to be held later this year.Oh Nam-seok, director-general of the radio policy bureau at the KCC, said the commission has opened discussions on possibly offering the upper hand to a non-telecom firm deciding to participate in the first high-stake competition to

Localization in foreign markets remains biggest challenge for global expansionKorea’s online game industry is increasing efforts to dive into overseas markets in a bid to seize bigger business opportunities in the Internet era.Well-known local online game publishers and developers, such as Neowiz Games, NEXON and Hangame, have said targeting foreign markets is a top priority for this year.“We have

Research showed Monday that a five-year-old takes in 1.5 times more electromagnetic waves than a 20-year-old.According to research conducted by a team at the Electronics and Telecommunications Research Institute, children’s maximum specific absorption ratio for the waves was much higher than for adults.The maximum SAR for a five-year-old boy was 124 microwatts per kilogram, while the figure was 83