Seoul, July 25 - LG Electronics, the world's third-largest mobile phone maker and the No. 2 TV manufacturer, posted 348.99 billion won ($304 million) in operating profit for the second quarter, a regulatory filing showed Wednesday.
Consolidated operating profit, which includes profits from its units, reached 348.99 billion won during the April-June period, up 120.55 percent from a year earlier, according to the regulatory filing. From three months before, the profit was down 22.13 percent, reported Xinhua.
Internet giant, Google has disclosed that it is facing inquires by authorities in Argentina and South Korea amid a global scrutiny of the company's competitive behavior and collection of private data.
South Korean electronics giant, Samsung Electronics has dismissed repots suggesting it will acquire Research In Motion (RIM), the maker of the popular BlackBerry family of smartphones.
The reports suggesting a possible buyout by Samsung resulted in a 8 percent increase share prices of Canada Based RIM. James Chung, a Seoul-based spokesman for Samsung pointed out that the company has never considered the possibility of acquiring RIM and there has been no contact between the firms.
Auto major, Mahindra & Mahindra(M&M) is planning to showcase models manufactured by its Korean subsidiary Ssangyong at the Auto Expo next month in India. This will be the first time that Mahindra & Mahindra will display Ssangyong models to Indian customers. The models that will be displayed at the auto show in Delhi include sports utility vehicles Rexton and Korando. Both the models are expected to be launched in India soon.
South Korean electronics giant, Samsung Electronics has filed a new lawsuit against Apple in a German court alleging that the American company has infringed upon four of its patents.
Samsung filed the claims with the Mannheim Regional Court in Germany on 16 December. The suits are linked to Samsung's telecommunications standard technology and user interface.
South Korean Electronics giant, Samsung has unveiled its new Galaxy Nexus smartphone, which will be the first model to be powered by the latest version of Google's Android operating system dubbed, Ice Cream Sandwich.
The handset will directly aim to compete with the recently launched Apple iPhone 4S, which has already sold more than more than 4 million units. The smartphone as released at an event in Hong Kong on Wednesday.
South Korean auto major, Hyundai Motor is planning to begin exporting its entry level compact car 'Eon' from India from next year, according to a company official. The company already exports cars that are manufactured at its Sriperumbudur facility near Chennai to more than 115 countries.
South Korean Electronics giant, Samsung is working on the next version of its Bada mobile-phone operating system, according to a company official.
The company is looking to diversify the use of operating systems for its smartphones as it largely relies on Google's Android platform. Samsung had released the last version of the software in February offering mobile-payment support and other new features.
The government wants the state-owned Steel Authority of India Ltd (SAIL) to partner South Korean steel giant, Posco in its proposed $12-billion steel plant in the Indian state of Orissa.
Mr Beni Prasad Verma, the Steel Minister informed Posco officials here on Wednesday that it wants SAIL to become a part of the project, which has faced severe hurdles and delays. Y. W. Yoon, Chairman and MD, Posco India Pvt Ltd has said that he will convey the government's intention to the board of Posco.
South Korean electronics giant, Samsung has launches a new Premium Samsung Apps for Android app store offering paid apps for the customers in the UK.
The company's own-brand paid for app store will also offer in-bill charging to the UK customers. Zenonia, The Sims 3 HD, Need for Speed Shift HD and other such apps will be offered in the premium store.
Eric Schmidt, Google's executive chairman has confirmed reports that the new version of the company's Android mobile phone OS, dubbed the Ice Cream Sandwich version will be released by November this year.
While speaking in an interview with SalesForce. com CEO Marc Benioff at the Dreamforce conference, Mr. Schmidt infused excitement in the Android world when he confirmed the release while answering to a question about HTMLl 5.
South Korean automotive giant, Hyundai ha said that it will showcase its new ix35 FCEV though the EcoVelocity show next week in the UK.
The Hyundai ix35 FCEV (Fuel-Cell Electric Vehicle) is a variation on the electric vehicle. It gets power from a clean hydrogen fuel cell that only emits water vapour. The third-generation fuel-cell vehicle claims to run for 360 miles with a single hydrogen fill.
The company claims that the vehicle can go from 0-62mph in just 12.8 seconds and it has atop speed of 100mph. The fuel-cell mechanism is capable of working in temperatures as low as -25 degrees Celsius.
South Korean electronics giant, Samsung has just released a new version of its Bada smartphone platform for developers, infusing a fresh life to the software.
The Bada 2.0 is now available in SDK form and shows the company's commitment to the platform, which is Samsung's own alternative to the mighty Android and iOS platforms. The company's original wave phone based on Bada has been very successful and displayed the improvements in eh platform.
South Korean electronics giant, Samsung has launched a new UK only 3D ad campaign to promote its Samsung Galaxy S II smartphone on rival Apple’s iPad tablet computer.
Samsung’ ad agency, Starcom claimed that it will be the first 3D ad campaign on iPads. The ads use a combination of lighting, shading, and motion effects to show the smartphoen from different angles.
The ads are being aired by a mobile ad network that reaches many of Apple’s mobile devices. Meanwhile, Apple has already sued Samsung claiming its line of Galaxy S devices is a copy of iPhone.
The Korean Consumer Durable player-LG Electronics recently announced that the company will put a hold to the production of cathode ray tube (CRT) TVs in its home country.
The reason for this sudden decision is the weakening demand of the CRT TVs and an expected future end to analog broadcasting in the country by 2012.
It was 45 years before when LG rolled out its first model of CRT TV under the company's old brand Goldstar.
However the sales of the CRT will be ceased when the stock piles at the domestic retailers is exhausted.
Under a major event in the Indian automobile circuit, the Auto major Mahindra & Mahindra recently said it has entered into an agreement to acquire a majority stake in beleaguered South Korean vehicle maker SsangYong Motor Company.
Ever since Mahindra &Mahindra has attempted to buy Ssangyong Motors, it has seen a decline in its value.
For the last five days, one of the leading makers of passenger and utility cars has witnessed a consistent and large fall in its share valuations for five trading sessions.
On Wednesday, August 11, the share went down by 4.3 per cent.
M&M has been named as the preferred bidder by Ssnagyong for its acquisition. The Korean automakers are under huge burden of debt and has got only 2 per cent market share of the whole Korean automotive sector.
Ybrant Digital has acquired Lycos Inc from Korean Internet Company, Daum Communications for $36 million. The total money was paid in cash.
The Hyderabad-based company has made this takeover so that it has a stronger footing in the field of digital marketing solutions.
Now priced at $36 million, the price of Lycos when it was bought over by Terra Networks was $13 billion. The price of the company has nosedived since it was first taken over from Spanish telecom giant Telefonica in 2000.
The price that Terra paid for this was $95 million.
Leading sports utility vehicle maker Mahindra and Mahindra recently said that the company has been chosen as the preferred bidder the cash-strapped South Korean Ssangyong Motors and the company also mentioned that a preliminary agreement will be signed within weeks to take over the bankrupt company.
Under a major announcement, the home-grown UV maker Mahindra & Mahindra has recently said that the company has been chosen as the preferred bidder by the beleaguered South Korean vehicle maker SsangYong Motor.
While the company also said that the deal is to be finalised by November this year, it highlighted the fact that the deal will provide a perfect platform for the company to accelerate its growth.