Technology

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SEOUL KOREA -Samsung’s flagship Galaxy S5 has been struggling to match the successes of its predecessor since it first went on sale back in February, and nine months on, things aren’t looking much better.

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SEOUL KOREA - Samsung SDI has ranked No. 1 in the world in the area of large-capacity lithium-ion energy storage systems. It was largely thanks to the aggressive market expansion strategy to become the world's No. 1 in every market segment adopted by the company since early this year. The company has been the perennial leader in small-sized lithium-ion rechargeable batteries for smartphones.

SEOUL, KOREA - LG Electronics (LG) today announced the appointment of new executives to lead the LG Home Entertainment and LG Mobile Communications companies and the merger of its Home Appliance and Air Conditioning & Energy Solution business units to create a consolidated LG Home Appliance & Air Solution (H&A) Company. All new appointments are effective as of Dec. 1, 2014 with promotions taking effect on Jan. 1, 2015.

SEOUL KOREA  - Walt Disney’s smash-hit animation movie “Frozen” became the No. 1 search word of the year in Korea’s portal Daum Kakao.Daum Kakao revealed the most-searched words of the year 2014 on November 27. The Frozen original sound track songs came on top in the “new word search” category, followed by the sunken ferry Sewol.

 SEOUL KOREA - LG Electronics, which has performed relatively well in the smartphone market, appointed Cho Jun-Ho, president of LG Corp., as new president of its mobile communications business, replacing Park Jong-Seok who led the company’s smartphone business.

SEOUL KOREA - Naver’s mobile messenger Line plans to expand the number of “Line Friends Stores” which sell its character products.Following the establishment of an official store in Taiwan last month, Line plans to open a pop-up store in New Yorkand an official store in Harajuku, Tokyo.

SEOUL KOREA - KT Music joined hands with YG Entertainment to launch a special music service.The “Special Music” service which opened through the music site Genie (www.genie.co.kr), provides the sound sources produced by YG Entertainment in three different formats—acapella, instrumental, and music recorded.

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SEOUL, KOREA - Twenty solar powered refrigerators equipped with Smart Inverter Compressors were donated to local communities in Africa and South America as part of LG Electronics’ partnership with the non-profit organization World Vision Kenya as well as the Ministry of Housing, Construction and Sanitation of Peru. These donations specifically targeted areas where the refrigeration of important items like vaccines, medication and food for children and the elderly is essential, but difficult to maintain. The twenty units have been allocated to the neediest communities in Kenya, South Sudan, Tanzania and Peru.

SEOUL, KOREA - SK Telecom (NYSE:SKM) today announced that it, in cooperation with a tablet-based educational solutions provider Chungdahm Learning, launched two pilot projects on Smart Class at Darakam Elementary School and Patumkongka Middle School located in Bangkok, Thailand.

SEOUL KOREA - LG Electronics kept its No. 3 spot in the global smartphone market for four consecutive quarters.Samsung Electronics maintained the No. 2 position, although its market share fell sharply.

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SEOUL KOREA - CJ E&M has introduced a bitcoin payment settlement system for the first time among major companies in Korea. The CJ Group company paid attention to the role of Bitcoin not as a currency but as a means of payment.

SEOUL KOREA - Korea slipped to No. 2 behind Denmark in the ICT Development Index (IDI) released by the International Telecommunication Union.According to the annual report of the ITU headquartered in Geneva, Switzerland, Korea’s IDI stood at 8.85 in 2013, 0.01 point lower than that of Denmark.

SEOUL KOREA - The profitability of Korean businesses fell to the lowest level since the 2008 global financial crisis. Their corporate sales growth has also slowed sharply since 2010.As the Korean economy dips into a slowdown, corporate performance has also deteriorated.

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SEOUL, KOREA - Samsung Electronics Co. Ltd., today introduced EYECAN+, the company’s second-generation eye mouse that allows people with disabilities to compose and edit documents as well as browse the web through simple eye movement. EYECAN+ is the first of its kind, as it does not require users to wear any device, such as glasses. Instead, EYECAN+ is a single-unit, portable box that sits below the monitor, and works by wirelessly calibrating with the user's eye.

SEOUL KOREA - The number of smartwatch-related patent applications increased along with a string of ICT companies, including Samsung and Apple, making forays into this area.

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SEOUL KOREA - Samsung Electronics launched a radio-style music streaming service “Milk Music” on September 26. Milk Music passed the 2-million mark in cumulative downloads as of November 18, just 54 days after its launch.

DARMSTADT, GERMANY - Merck (MRK GY) announced today that it has entered into a global agreement with Pfizer Inc. (NYSE:PFE) to co-develop and co-commercialize MSB0010718C, an investigational anti-PD-L1 antibody currently in development by Merck as a potential treatment for multiple tumor types to accelerate the two companies’ presence in immuno-oncology.

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SEOUL, KOREA - The sales of LG Electronics’ premium refrigerators which are mounted with inverter linear compressors passed the 10-million mark.LG Electronics announced on November 24 that the cumulative sales of its inverter refrigerators passed the 10-million level this month after surpassing 5 million in 2011 and 1 million in 2007.

SEOUL, KOREA - SK Communicationsannounced on November 21 that it will launch the “2014 Nate Awards” through itsportal Nate. An online poll will be held until December 11.

SEOUL, KOREA _ SK Telecom (NYSE:SKM) today announced that it launched Smart USB, an appcessory (application + accessory) designed to make presentation easier and more effective for professors, lecturers, office workers, teachers and students.

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