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A ceremony to celebrate the 12th anniversary of Machine Tool Day took place at the Renaissance Seoul Hotel on Dec. 6 with about 400 people from government, industry and academic circles in attendance.  In 2001, the government designed the first Thursday of December each year as “Machine Tool D…
Li Ki-joo, the new Korea Internet & Security Agency (KISA) president, took office as the third president of the agency on Sept. 25 shortly after he received a document of appointment from the Korea Communications Commission (KCC).Lee said in his inaugural speech that he will devote himself to ma…
SK Telecom announced on Nov. 7 that it successfully demonstrated Uplink Cooperative Multi-Point (or Uplink CoMP), a technology that can significantly improve LTE data upload speeds in base station boundary areas. Signal strength is weakened in base station boundary areas, which leads to custome…
KT showcased the Kibot 2, a smart robot focusing on educational services, at Robot World 2012, a world-class robot fair held from Oct. 25-28 at KINTEX, north of Seoul.Robot World 2012 attracted about 200 robot makers and research institute exhibitors from 10 countries, which displayed state-of-the-a…
T he Global Materials Technology Forum & World Premier Materials Marketing Session brought together about 500 Koreans, foreign materials experts and industry people at KINTEX in Ilsan, north of Seoul, from Oct. 31-Nov. 1 to share technology development trends along with the latest research outco…
Korea Environmental Industry & Technology Institute (KEITI) is striving to explore environmental R&D tasks to address pending and future environmental issues as their strategic projects, ramp up international networks for accelerating Korean firms’overseas market entry and make green produc…
“KT will make it possible for any young Korean to reach into the world market solely with their ideas,” said KT Chairman Lee Suk-chae.Lee made the remarks during a meeting with reporters on Sept. 17 in which he unveiled plans to develop the country’s content ecosystem so that any individuals and …
Samsung Electronics’latest smartphone, the Galaxy S3, has surpassed the 20 million mark in the number of units sold globally 100 days after making its global debut on May 29. It means that an average of 200,000 Galaxy S3 units have been sold on a daily basis. Galaxy S3 joined the list of  …
SK Telecom (NYSE: SKM) said on Sept. 6 that its LTE subscribers surpassed 5 million, in just one year since releasing Korea’s first-ever LTE smartphone in September 2011. The company becomes the third among around 90 LTE service providers across the globe to achieve the milestone of 5 million LTE s…
U.S. Cellular and Samsung Telecomm-unications America, LLC, have announced that the Samsung Galaxy Metrix 4G is available online at uscellular.com and in stores. The Android-powered smartphone runs on the 4G LTE network, with speeds up to 10 times faster than 3G. The Galaxy Metrix 4G sells for $179 …
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Business/Company
  OCI Chairman Baek Woo-suk.  / Vice Chairman Lee Woo-hyun. / President Kim Taek-joong.OCI carried out a reshuffle of executives, promoting Vice Chairman Baek Woo-suk to chairman and President Lee Woo-hyun to vice chairman. Chief Opera…
LG Chem Vice Chairman Shin Hak-cheol. (Photo: LG Chem)LG Chem has reorganized its business structure under the stewardship of new Vice Chairman Shin Hak-cheol. The restructuring calls for inaugurating a advanced materials business headquarters. LG Ch…
LS Cable & System Chairman Koo Ja-yeop. (Photo: LS C&S)LS Cable & System (LS C&S) is accelerating efforts to ramp its global presence as the company has put into operation - or will open - an optical cable and an EV battery parks plan…
Vice chairman Kim Kyo-hyun of Lotte Chem.Lotte Chemical logged 16.545 trillion won in sales, 1.968 trillion won in operating profit and 1.678 trillion won in net profit in 2018. The company announced the provisional figures based on a consolidated fi…


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