Articles by Jie Ye-eun
![Jie Ye-eun](https://res.heraldm.com/content/koreaherald/hgrp_profile/20230809172426685359.jpg)
Jie Ye-eun
yeeun@heraldcorp.com-
LG beats Q1 earnings estimates, outpaces Samsung for 1st time
Despite the global economic downturn, LG Electronics announced surprise earnings for the January-March period, outpacing its crosstown rival Samsung Electronics' financial result for the first time in more than a decade. In a regulatory filing on Thursday, the consumer electronics giant said its operating profit for the first quarter was 1.5 trillion won ($1.12 billion), down 22.9 percent from a year earlier. It has become the company’s second-highest profit for the January-March pe
Technology April 27, 2023
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Samsung posts worst quarterly earnings in 14 years
Samsung Electronics, which posted its worst quarterly earnings in 14 years amid weak demand and falling chip prices, said it expects a gradual recovery in the second half of the year as the effects of production cuts kick in from the following quarter. In response, the world's largest memory chip and smartphone maker plans to increase the proportion of advanced processes and high-value-added products and continue to invest in securing future technologies. “We are in the process of red
Technology April 27, 2023
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Apple still in need of Korea-made displays despite production push
US tech giant Apple will likely continue its reliance on Korean-made displays, although it has been making a “sweeping effort” to develop its own components for more direct control over its designs, a report showed Tuesday. According to a report released by the Institute for Information & Communications Technology Promotion, Apple is expanding its use of in-house components such as chips and displays in its flagship iPhones as part of a strategy to maintain its dominance in the m
Technology April 25, 2023
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LG wins ISO certification for open-source software security assurance
LG Electronics said Friday that it has been recognized as complying with the global standard for its open-source software security management system by a globally renowned nonprofit organization. The South Korean tech giant was accredited by Linux Foundation’s OpenChain Project as the first firm in the global industry to certify the ISO/IEC DIS 18974 standard, the key requirements of a quality open-source security assurance program, LG officials said. The company met all 30 security cert
Technology April 21, 2023
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S. Korea to spend W560b to promote software sector this year
South Korea will invest over 560 billion won ($422.6 million) to foster software development companies and experts, with the goal of accelerating the country's push for digital innovation, the Science Ministry said. The Ministry of Science and ICT announced its plans for advancement of the software industry at an economic meeting Friday, intending to build on the fundamental strength of digitization and support the sector’s overseas expansion. Its yearly budget for the project stands
Technology April 21, 2023
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Is Google Korea no longer dream workplace?
Google’s biggest round of layoffs across its global operations has forced workers into a game of chance to keep their jobs. Amid escalating job insecurity, a labor union has been set up at the Korean unit to organize some 850 workers and speak out their concerns. “With the ongoing job cuts within the US tech industry, employees have been concerned about their job security and decided to establish a union,” Kim Jong-sub, head of the Google Korea union, said upon its launch earli
Technology April 20, 2023
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Samsung reclaims No. 1 ranking in global smartphone sales
Samsung Electronics has regained the top spot in the global smartphone market in the first quarter of this year, slightly outpacing its archrival Apple, the No. 1 in the previous quarter, a report showed Wednesday. In the January-March period, Samsung held a market share of 22 percent, followed by Apple with 21 percent, according to the report released by market tracker Canalys. The South Korean tech giant was the “only leading vendor” to achieve a quarterly jump during the first thr
Technology April 19, 2023
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Samsung may ditch Google for Bing
Speculation is growing that Samsung Electronics may be ditching its close ties with Google by replacing the default search engine for its flagship Galaxy devices with Microsoft’s Bing which has been upgraded with OpenAI’s powerful chatbot, ChatGPT. According to industry sources and media reports on Tuesday, Samsung was considering switching to Bing last month, putting roughly $3 billion in annual revenue at risk for Google. Citing internal documents, the New York Times reported that
Technology April 18, 2023
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[KH Explains] Why Galaxy Watch won't support Samsung Pay in Korea for some time
The highly publicized debut of Apple Pay last month has prompted unexpected calls in South Korea for Samsung Pay to be usable with the Galaxy Watch. Apple Pay became available in March here nearly a decade after its debut in the US in 2014. All Apple mobile devices, including iPhones and Apple Watches, support the new feature based on near-field communication technology. Amid the buzz surrounding Apple Pay, a growing number of Galaxy Watch users are now wondering why they cannot use Samsung Pay
Technology April 17, 2023
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SpaceX seeks tie-up with telecom carriers
US space firm SpaceX, which is set to launch its low-orbit satellite communication service in South Korea within the second quarter, is seeking to work with the major telecom operators here, sources told The Korea Herald Monday. The Elon Musk-owned firm, approaching SK Telecom, KT Corp. and LG Uplus separately, had offered to sell its satellite internet network service, Starlink, to the telecoms firms, the sources said. The contract terms were not disclosed due to a nondisclosure agreement. As t
Technology April 17, 2023
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LG chairman files suit over 'excessive' inheritance tax
LG Group Chairman Koo Kwang-mo is belatedly found to have filed a complaint against the South Korean tax administrative agency, claiming that the inheritance taxes imposed on him were excessively hefty, according to the business circles on Sunday. Koo took legal action against the head of the National Tax Service’s regional office in Yongsan-gu, central Seoul, in the latter half of last year to request the cancellation of inheritance tax overpayment. The chairman jointly filed a suit with
Industry April 16, 2023
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Samsung’s Neo QLED TVs receive carbon footprint certification
Samsung Electronics, the world's largest TV maker by shipments, said Sunday that six of its Neo quantum-dot light-emitting diode TVs have been globally certified for carbon footprint by Carbon Trust, a UK-based carbon management and reduction organization. The models -- three of its 75-inch Neo QLED 8K and three of its 75-inch Neo QLED 4K screens -- obtained the certification in recognition of Samsung’s efforts to reduce the products’ weight and power consumption compared to pr
Technology April 16, 2023
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Top court finalizes W1tr fine for Qualcomm
The Supreme Court on Thursday finalized a ruling in favor of the South Korean antitrust regulator’s record fine of 1.03 trillion won ($784 million) imposed on US chip giant Qualcomm Inc. for unfair business practices. The top court turned down the appeal by the San Diego-based firm and its two affiliates. Back in December 2016, the Fair Trade Commission slapped a fine on Qualcomm for abusing its dominant market position against smartphone makers. “Under the Fair Trade Act, we reaffir
Industry April 13, 2023
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Google fined W42b for abusing market dominance
South Korea’s antitrust regulator said Tuesday it is imposing a fine of 42.1 billion won ($32 million) on Google LLC, Google Korea and Google Asia Pacific, along with a corrective order, for abusing their market dominance to solidify the No. 1 position in the local mobile gaming app market. The move came as the US platform giant pressured South Korean mobile game publishers to launch their new games through Google Play exclusively, prohibiting them from releasing their content on the One S
Industry April 11, 2023
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[KH Explains] Apple ups ante in Samsung's home ground
US tech behemoth Apple has long maintained a low profile in South Korea, the home of its archrival Samsung Electronics, where the iPhone maker takes up a “modest” share of the market at about 20 percent. More recently, the US company seems to be upping the ante here, possibly pinning its hopes on Generation Z -- those born between 1997 and 2012 -- almost half of whom are believed to be iPhone users. According to a recent survey conducted by Gallup Korea, about 52 percent of people
Technology April 10, 2023
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