MUNICH, GERMANY and TORONTO, CANADA - Giesecke & Devrient (G&D), a global market leader in secure technologies, is serving as the Trusted Service Manager (TSM) for the Canadian Imperial Bank of Commerce (CIBC) in their offering of NFC credit card payment services to their customers. G&D’s TSM service will securely download and provision the CIBC Mobile Payment Application and the credentials requi

SEOUL, KOREA - SK Telecom (NYSE: SKM) announced today that its LTE subscribers surpassed 7 million as of December 12, 2012, thereby achieving the end of year target for LTE subscribers.SK Telecom exceeded the 7 million subscriber mark in just one year and five months after launching Korea’s first LTE service in July 2011, whereas it took the company two years and four months to acquire 7 million

SEOUL, KOREA – GM Korea employees hosted a Christmas party for 200 disadvantaged children from 11 local welfare institutions at the company’s Bupyeong headquarters in Incheon on December 11.Participants included GM Korea President and CEO Sergio Rocha; GM Korea Vice President of Labor Relations Kundo Cho; GM Korea Vice President of HR Mark Polglaze; GM Korea Vice President of Powertrain Pyongwan

SEOUL, KOREA – LG Fashion’s casual brand Hazzys launched into Taiwan, first among Korea’s fashion brands. In the last weekend at its headquarters in Seoul, Korea, LG Fashion signed an agreement with Taiwan’s Munsin Garment Group for exclusive sales of Hazzys in Taiwan.Munsin Garment Group is a Taiwanese retail company that has been engaged in imports and sales of foreign brands such as Munsing W

SEOUL, KOREA - LG Electronics (LG) announced today that sales of its Optimus L-Series smartphones have exceeded 10 million units, marking a modest milestone for LG and its mobile devices business. The success of L-Series in recording eight figures in sales is proof that many consumers want attractive smartphones with distinctive -- not “me too” -- styling. L-Series handsets -- Optimus L3 (3.2-

SEOUL, KOREA - LG Electronics Inc. confirms that it has been imposed an administrative fine of ?491,567,000 by the European Commission for allegedly infringing European competition law with regard to the sale of cathode ray tubes in the late 1990s and up to 2006. LG is currently reviewing the European Commission’s decision with the intention to appeal the decision.The European Commission contend

SEOUL, KOREA - LS Hongqi Cable & System, a subsidiary of LS Cable & System, installed a 500kV level extra-high voltage cable production facility and held a completion ceremony on the 5th with around 300 guests including Gwang-seop Han, the Ambassador of Korean embassy in Wuhan, Christopher Koo, Chairman & CEO of LS Cable & System, President Jae-un Koo, LS Hongqi Cable & System Branch Manager Seong

SEOUL, KOREA – Kia Motors marked a healthy growth in domestic sales in November 2012 thanks to brisk sales of its new cars such as the K3 and K7.Kia Motors announced on December 3 that it sold 258,157 units in and outside Korea in November 2012, up 6.4 percent from a year ago. The November figures include domestic sales of 44,400 units and overseas sales of 213,757. Domestic sales grew by

SEOUL, KOREA – Lotte Hotels & Resorts has announced a plan to become one of the top-three brands in Asia with more than 40 hotels under management by 2018. Lotte Hotels & Resorts president Yong-deok Song said in a press conference, "We will feature a variety of hotels from five-star hotels, business hotels, and boutique hotels and even six-star hotels. By the year 2018 we will expand up to 40 ho

SEOUL, KOREA - Founded in 1967 under the policy that promoted the balanced development of industry and agriculture, Korea Agro-Fisheries & Food Trade Corp. (aT) marks the 45th anniversary of its inception this year. As new business projects such as cyber trade in agro-fishery products and the building of a national grain procurement system were added, this organization changed its name to Kore

SUWON, KOREA - “IT powerhouse Korea has been developing new technology to produce safe food products by grafting its cutting-edge agricultural technology with state-of-the-art IT,” a top official of National Academy of Agricultural Science (NAAS) of Rural Development Administration said. Noting that Korea's agricultural technology ranks fifth in the world, following the U.S., EU, Japan and Can

SEOUL, KOREA — TMONET has signed a Memorandum of Understanding with GO-Trust to co-develop a microSD based mobile service platform and for the deployment of SWP microSD technologies to establish mobile NFC payments infrastructure in Korea market.FIPC (Finance Informatization Promotion Committee) - Chairman Joo-yeol  Lee: a VP of the bank of Korea, enacted a Korean standard platform for SWP micro

SEOUL, KOREA Once, all roads led to Rome. The Roman Empire was the center of the world’s politics, economy, and culture. The Romans created the Pax Romana period where they policed the world on the basis of their great power. What financial companies are taking the lead in maintaining order and peace in the financial market?  The KB Financial Group(www.kbfng.com) believes that they are one of th

TAIPEI, TAIWAN — HTC and Apple have been battling over patents. According to Cher Wang, chairperson of HTC, despite Samsung's recent lawsuit loss, HTC does not have any intentions to settle.Apple's iOS and Google's Android have been fighting a patent war. HTC's patent lawsuits with Apple have been a center of attention as well. Wang noted that HTC has great skills in innovation and has the confi

BERLIN, GERMANY – Smart TV Alliance, launched in June this year by founding board members LG Electronics and TP Vision with Toshiba joining shortly after, has expanded with new members with expertise from different areas of the Smart TV industry. As it continues to expand its market reach, the Smart TV Alliance will publish specifications for its software development kit (SDK) 2.0 on its official

SEOUL, KOREA — The next major smartphone from LG Electronics (LG) will be a as significant for the way it was developed as for its performance and specifications. That’s because LG Electronics and its vertically-integrated sister companies LG Chem, LG Display and LG Innotek developed the device together from the start to include each company’s best technology and innovation to set a new standard i

SEOUL,KOREA—On Monday, Facebook said it revamped “Facebook for Business” page for SMEs’ success.The updated page features an in-depth guide for successful facebook marketing, which is expected to promote over 3 million Korean companies.“Facebook for Business” offers many courses under four categories : Steps to Business Success, Success Stories, Business Resources, and What’s New. Each section h

AMSTERDAM, NETHERLANDS — Login VSI B.V., the vendor of Login VSI, the de-factoindustry standard benchmarking tool for Server Based Computing (SBC) and Virtual Desktop Infrastructures (VDI), announced today a strategic partnership with Spirent Communications. The partnership offers enterprises and network system developers the ability to conduct realistic user emulation to determine optimal perform

CALIFORNIA, USA – One of Facebook's earliest backers has sold most of his stake in the social network, making a substantial profit.Peter Thiel, a venture capitalist and Paypal co-founder, cashed in 20.1 million shares, raising $395.8m (£251m) last week, official filings state.Last week was the first time since Facebook's float that early backers could cash in their shares.The value of Facebo

CALIFORNIA, USA — The Z-Wave Alliance, an international consortium of companies that oversee the world's largest interoperable ecosystem for wireless control products and services, today announced that it has expanded its global reach to Japan, a move that coincides with the newly approved radio frequency range for low-power RF device usage in that country. As a result, Z-Wave-based control and au