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KT Chairman Hwang Chang-gyu. KT achieved an earnings surprise by posting a higher-than-expected 400 billion won operating profit in the second quarter of this year in four years.  The nation’s second largest telecom service provider saw average revenue per user (ARPU) top the Korean market, …
Crew work at LG Chem’s first polarizer production line in Ochang, Chungcheongbuk-do. LG Chem is ramping up R&D to help each business division lead the related global market with a focus on strengthening the competitiveness of its conventional businesses.  The Basic Materials & Chemic…
Samsung SDS has released the Cello VWS solution. (Photo:Samsung SDS) Senior Consultant Lee Kwang-hoon of the Strategic Logistics Business at Samsung SDS demonstrated the “Cello Virtual Warehouse (VWS)” solution at the Cello Conference 2016 at its headquarters in Jamsil, southeastern Seoul, on Mar…
A consortium led by KT aims to become Korea’s first internet bank. It said the bank would boast a competitive advantage of making the most of big data. The consortium, dubbed “K Bank,” will lower costs based on big data collected from such areas as financing, communications and retail. Thi…
KT Chairman Hwang Chang-gyu.(Photos:KT) "We’ll set aside 13 trillion won by 2020 to spearhead the Fourth Wave of Industrial Revolution,” KT Chairman Hwang Chang-gyu declared. Chairman Hwang made the remark at a meeting with reporters at the KT office building in Gwanghwamun, downtown Seoul, on Se…
LG U+ Chairman Lee Sang-cheol.Models show off LG U+’s IoT services that enjoy popularity.(Photos:LG U+)LG U+’s home Internet of Things (IoT) services have enjoyed explosive popularity, as the number of subscribers has topped 20,000 people in the 40 days since its debut.LG U+ said on Sept. 15 that …
KT Chairman Hwang Chang-gyu.Yoon Kyung-lim, head of KT’s Future Convergence Business Office, explains the facilities of the GiGA IoT Business Cooperation Center in Pangyo, Gyeonggi-do, on Aug. 25 in which KT held a ceremony to inaugurate the alliance on Aug. 25.(Photos:KT) KT has teamed up with 10…
KT has succeeded in commercializing so-called GiGA LTE, which is 15 times faster than the conventional Long Term Evolution (LTE) network.   KT launched the GiGA LTE service that offers a maximum download speed of 1.17 Gbps —15 times faster than the existing LTE and four times faster than…
President Nam Chang-hyun of Chungbuk Technopark.(Photo:NewsWorld)  A little more than a decade has passed since Chungbuk Technopark was established with the goal of exploring new growth engines and nurturing “global hidden champions” in the Chungcheongbuk-do area. Chungbuk Technopark ha…
KT Chairman Hwang Chang-kyu talks with an Ericsson executive during his tour to the global telecommunications maker in which KT agreed to cooperate in the development of 5G technology. KT Chairman Hwang and Ericsson executives pose for a group photo session.(Photos:KT) KT is collaborating with such…
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Economy/Finance
President Lee Dae-houn, 2nd left, of NH Bank, meets with Director Allen Awoo in charge of the Banking Sector of the Hong Kong Financial Authority. (Photo: NH Bank)NH Financial Group has been hard at work to take advantage of developing the local subs…
Chairman Won Jong-kyu, 2nd R, is on his June 1 visit to the Zurich office of Korea Reinsurance Switzerland AG in Switzerland. (Photo: Korean Re)Korean Reinsurance Co. (Korean Re) recently set up a local subsidiary in Switzerland, the second one follo…
An aerial view of Kyung Island near Yeosu where the Yeosu and Kyung Island Marine Tourism Complex is to be built by Mirae Asset Group.Chairman Park Hyeon-joo of Mirae Asset Group. (Photos: Mirae Asset Group)Chairman Park Hyeon-joo of the Mirae Asset …
President Ji Sung-kyu of of KEB Hana Bank, 2nd L, joins key officials of the organizations related to the Korean independence fights during the Japanese colonial period(1910-1945) with a check for 100 million won which the bank collected thru a numbe…


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