Articles by Shin Ji-hye
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Shin Ji-hye
shinjh@heraldcorp.com-
Slowing smartphone sales cast cloud over Samsung Electronics
The quarterly operating profit for Samsung Electronics, the world’s top maker of smartphones, fell for the first time in two years amid a slowdown in smartphone sales. The tech giant said on Friday its fourth-quarter earnings in 2013 showed sluggish performance, posting 8.3 trillion won ($7.7 billion), down by 18.2 percent from the previous quarter. This is largely due to weak sales of its information technology and mobile communications division, which saw a 7 percent drop from the previous qua
Industry Jan. 24, 2014
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S. Korean athletes vow winning performance at Sochi
South Korean athletes on Thursday reaffirmed their drive to put in a strong showing at the upcoming Winter Olympics in Russia.Dozens of athletes and officials assembled at the National Training Center in Seoul for their team inauguration ceremony ahead of the Feb. 7-23 Sochi Winter Olympics.Earlier in the day, the Korean Olympic Committee (KOC) announced the final list of 64 athletes and 49 officials for Sochi.It will be the country's largest-ever delegation for a Winter Games.At the Vancouver W
Olympic Games Jan. 23, 2014
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Seoul slams Abe for defending shrine visit
South Korea blasted Japanese Prime Minister Shinzo Abe Thursday for defending his much-denounced visit to a controversial war shrine last month.Indicating that he may continue visiting the Yaskuni Shrine, Abe said during the World Economic Forum in Davos Wednesday that Japan is determined not to wage another war and that the war shrine is designed to honor regular Japanese war dead, not Class-A war criminals."Paying respects at the Yasukuni Shrine equates to not repenting for Japan's imperialist
Foreign Affairs Jan. 23, 2014
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China tries three anti-graft activists in two days
Two Chinese activists who agitated for officials to disclose assets argued their innocence on Thursday, the second day in a series of prosecutions of anti-corruption campaigners highlighting the government's resolve to crush any challenges. The trial of Zhao Changqing, a veteran Chinese dissident, was adjourned after he dismissed his two lawyers in a move that would help delay his case, one of his lawyers, Zhang Xuezhong, told Reuters by telephone. China's government has waged a 10-month drive a
World News Jan. 23, 2014
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U.S. urges China's efforts to obtain 'early steps' by N. Korea
U.S. Deputy Secretary of State William Burns has called for China to boost bilateral cooperation so North Korea can take "meaningful and early steps" to give up its nuclear ambitions, according to a U.S. statement released on Thursday. Burns was in Beijing as part of his three-nation Asia trip that already took him to Seoul. He is set to leave for Tokyo later Thursday. In Beijing, Burns held talks with Chinese Vice President Li Yuanchao and Vice Foreign Minister Zhang Yesui."The Deputy Secretary
North Korea Jan. 23, 2014
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Lenovo to buy IBM's low-end server business for $2.3bn
Chinese computer giant Lenovo will buy IBM's low-end server business for $2.3 billion, it Thursday, giving it a platform to compete in that sector with US giants Dell and Hewlett-Packard.IBM will receive $2.07 billion in cash and the rest in shares for the x86 business, Lenovo said, in a deal seen as helping the Chinese firm diversify away from the slumping PC-sales sector.IBM will still provide maintenance on behalf of Lenovo, while some 7,500 members of staff worldwide will be offered employme
Technology Jan. 23, 2014
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Toyota keeps world No. 1 title with record vehicle sales
Toyota sold a record 9.98 million vehicles last year, it said Thursday, outpacing rivals General Motors and Volkswagen to maintain its title of world's biggest automaker.The Japanese auto giant's highest-ever annual sales volume came thanks to a weaker yen as well as strong US and China sales, signaling it had recovered from a series of damaging safety recalls and Japan's 2011 quake-tsunami disaster.The figures beat US-based GM, which said it sold 9.71 million cars last year, while Germany's Vol
Industry Jan. 23, 2014
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SK C&C increases inroads into China
SK C&C president Chung Chul-khil has visited China to highlight the company’s moves to expand its global business, SK C&C said on Thursday. Chung was in Beijing and Shenzhen, China, from Jan. 21 to 23 to discuss new business plans and market trends with the regional branch members. “SK C&C will reinforce its competitiveness and have achieve tangible outcomes through localization and partnership in China,” Chung said. “The company should share its structural reform outcomes and best practices wit
Industry Jan. 23, 2014
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Google may face penalty over privacy
Google could face disciplinary action from the country’s communication regulator as the global search giant seems to have collected private personal data without individuals’ consent for its Street View services.The Korea Communications Commission said Tuesday that it would decide whether or not to impose penalties against Google as soon as it completes its investigation.“We have almost completed our investigation into Google. Its alleged data gathering without (consumers’) consent is in breach
Technology Jan. 21, 2014
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KCC sides with KBS on license fee increase
Korea Communications Commission chairman Lee Kyeong-jae confirmed that the organization agrees with the license fee hike submitted by the Korea Broadcasting System, the nation’s largest television network. He said at a press event on Monday that the “KCC has reviewed the plan financially and legally. Though the increase may not get a good response from the public in the beginning, the plan as a whole makes sense. With continuous discussions, I believe the public will also understand this.” He ad
Industry Jan. 20, 2014
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Korea boosts space partnership with India
Korea will enhance bilateral partnership with India not only in information technology but also in the aerospace sector, the Ministry of Science, ICT and Future Planning said in a press release on Sunday. Science, ICT and Future Planning Minister Choi Mun-kee, who accompanied President Park Geun-hye to India, visited Bangalore on Saturday to seek a partnership with India’s space and software industry. ‘‘During his visit to the city nicknamed the Silicon Valley of India, the minister visited the
Industry Jan. 19, 2014
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KT launches LTE roaming service in Russia
KT, the nation’s second-largest mobile carrier, said on Sunday the company is now able to provide international Long Term Evolution roaming service in Russia. The company now offers this type of service in a total of 12 countries, including Canada and Malaysia. “The LTE roaming service was expanded as a number of customers are expected to visit Russia for the winter event this year,” said Kim Seok-joon, a head of KT’s Roaming & Data business division. “KT will continue to provide services for us
Industry Jan. 19, 2014
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Samsung breaks mold in hiring
Samsung Group, the nation’s largest conglomerate, said Wednesday that it would revamp its recruitment process in a bid to reduce unnecessary social costs related to exams and private education. Young job seekers in Korea have generally spent considerable time and money on developing their qualifications and on entrance exams by attending expensive private academic institutions to get hired at large companies such as Samsung. Samsung said it plans to lower its dependence on the Samsung Aptitude T
Industry Jan. 15, 2014
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LG Chem to supply 3-D printer material to Stratasys
LG Chem, the nation’s leading chemical company, is expected to supply its acrylonitrile butadiene styrene plastic to Stratasys, a U.S.-based 3-D printer manufacturer, according an industry source on Tuesday. The Korean chemical company will supply the ABS plastic pallets to a processing company, which will then process the material to supply Stratasys. “To our knowledge, LG Chem may have already begun providing ABS for Stratasys,” a source from Stratasys said. “ABS is currently the most commonly
Industry Jan. 14, 2014
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Think tank calls for tax code revision
South Korea needs to redefine what constitutes close family relations in its basic tax code law to reflect realistic social and economic conditions, a think tank belonging to an association of conglomerates said Monday.According to the Korea Economic Research Institute, the research arm of the Federation of Korean Industries, South Korea maintains outdated taxation rules that define close blood and in-law relatives based on revisions made in 1974. It said such rules do not reflect the way people
Industry Jan. 13, 2014
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