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Friday, October 20, 2017

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The sales of V30 are not as strong as expected at home and abroad.

Failing to Make Top 10

20 October 2017 - 4:30am
Cho Jin-young

The V30 received rave reviews as the best LG smartphone in the history of the company but its sales are not as strong as expected. Analysis says that this phenomenon stemmed from brand image problem rather than quality issues. It seems that LG Electronics' Smartphone Division which is trying to put an end to its posting loss for 11 consecutive quarters with the V30 is unlikely to accomplish its mission to generate profit. 

According to market research agency Atlas Research's sales statistics by models and mobile carriers, the V30 (LG U Plus model) which ranked ninth in the first...

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From left: Kim Jin-yong, head of Smart Business Unit at LG Electronics, Ahn Seung-kwon, CTO of LG and Nakul Duggal, vice president of Automotive Business at Qualcomm pose after agreeing on jointly developing next-generation connected solutions.

Autonomous Car Parts Market

20 October 2017 - 4:15am
Cho Jin-young

LG Electronics and Qualcomm joined forces to preoccupy the autonomous vehicle parts market. LG Electronics’s attempt is interpreted as a strategic move in response to Samsung Electronics which took over Harman.

LG Electronics and Qualcomm held a ceremony to sign an agreement to jointly develop next-generation connected solutions. On the day, the two companies decided to establish a collaborative research center for implementing V2X (communications between vehicles and all objects) and connected car solutions on the Seocho R&D campus of LG Electronics.

The two companies’...

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Correction Order to Qualcomm

19 October 2017 - 7:30pm
Michael Herh

It was found that Korea’s Fair Trade Commission (FTC)’s order to amend Qualcomm’s unfair contracts with Korean handset makers was virtually invalid.

According to data from Jeon Hae-cheol, a lawmaker of the ruling Minjoo Party who belongs to the National Assembly's National Policy Committee, Qualcomm has not submitted an implementation plan to verify whether or not the order was followed to the FTC for more than 10 months. It is said that an implementation plan submitted earlier this year contained only an intent which says, "Please consider our situation where we fight a legal...

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Ko Dong-jin, chief executive officer of Samsung Electronics's Wireless Business Division, is giving a keynote address at the Samsung Conference 2017 held in San Francisco, USA.

Developer Conference

19 October 2017 - 6:30pm
Michael Herh

Samsung Electronics announced on October 19 that it presented its vision for the integrated internet of things (IoT) and AI that emphasized openness and connectivity in the “Samsung Developer Conference (SDC) 2017” in San Francisco, the USA for two days starting from October 18.

Samsung Electronics introduced “Bixby 2.0,” an artificial intelligence assistant and a software development kit (SDK), which evolved one notch higher in the fourth SDC. The company also announced that it will integrate cloud services for the internet of things (IoT) devices, which were divided into Samsung...

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POSCO Chairman Kwon Oh-joon (left in the picture) and Nippon Steel & Sumitomo Metal President Kosei Shindo were appointed as its vice chairman and chairman, respectively, at this year’s annual board meeting of the World Steel Association.

World Steel Association

19 October 2017 - 6:15pm
Jung Min-hee

POSCO Chairman Kwon Oh-joon was appointed as a Vice Chairman of the World Steel Association (worldsteel) at its annual board meeting held in Brussels on October 17.

According to the association’s protocol, his term as a head of the association continues until October 2020 and he is scheduled to spend the first and third one-year periods as a vice chairman and the second one-year period as the chairman of the association.

At this year’s meeting, Nippon Steel & Sumitomo Metal President Kosei Shindo was appointed as the chairman and Nucor President John J. Ferriola was...

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Hanmi Pharmaceuticals’ Poziotinib showed more than 40 times stronger potency than TKIs in cancer treatment test.

Effectiveness Approved

19 October 2017 - 1:30pm
Choi Mun-hee

The result of a clinical study evaluating poziotinib, a MEK-targeted cancer treatment which was developed by Hanmi Pharmaceutical and licensed out by U.S.-based Spectrum Pharmaceuticals, was announced on October 18 at the World Conference on Lung Cancer (WCLC) held in Yokohama, Japan.   

At the announcement, Dr. John Heymach, a professor at the University of Texas MD Anderson Cancer Center and one of the internationally known leaders in the field of clinical oncology, said, “Poziotinib showed superior efficacy in non-small-cell lung cancer patients with exon 20 mutation than...

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An image of Kumho Tire’s Crugen HP71 tire.

Japan Good Design Awards

19 October 2017 - 1:15pm
Lee Song-hoon

Kumho Tire announced on October 18 that its Crugen HP71 tire for urban sports utility vehicles (SUVs) launched in March of this year took home a prize in the product design category at the Japan Good Design Awards in Japan.

This year, the Good Design Award marks the 61st anniversary as Japan's most prestigious international design competition organized by the Japan Industrial Design Promotion Association. The organizer select winners by evaluating works’ design, usability, and innovation in five areas -- products, space, media, systems and solutions.

Kumho Tire’s Crugen HP71...

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Kolon Plastic Booth at the FAKUMA 2017.

Environment-friendly Material

19 October 2017 - 1:15pm
Michael Herh

Kolon Plastics announced on September 18 that the company will showcase a variety of products at the FAKUMA 2017, an international plastics exhibition to run in Friedrichshafen, Germany until September 21.

The FAKUMA is one of the three largest plastic material exhibitions in Europe. In 2015, 1,783 exhibitors from 38 countries participated in the show. Kolon Plastics has participated and exhibited engineering plastic materials and advanced composite materials specialized for light weight vehicles in this exhibition since 2012.

The most eye-catching material at Kolon Plastics...

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Manufacturing plant of Hankook Tire located in Clarksville, Tennessee

Inroad into US Market

19 October 2017 - 1:00pm
Jung Min-hee

Hankook Tire put a new plant into operation in Clarksville, Tennessee on October 17. The opening ceremony for the plant was attended by Tennessee Governor Bill Haslam, Clarksville Mayor Kim McMillan, Hankook Tire Worldwide CEO Cho Hyun-shik, Hankook Tire Vice Chairman Seo Seung-hwa, Tennessee Department of Economic and Community Development Commissioner Bob Rolfe, etc.

The plant has an annual production capacity of 5.5 million tires and the items it produces include passenger vehicle tires, light truck tires and ultra high performance tires. The annual production capacity of the...

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Starting with the issuance of new shares worth 700 billion won (US$618.87 million) within this year, the creditors of Hyundai Merchant Marine have decided to inject more money by year and stage.

For Securing Competitiveness

19 October 2017 - 12:45pm
Jung Min-hee

The South Korean government and creditors have practically launched its phased program to provide up to 10 trillion won (US$8.84 billion) of money to strengthen the competitiveness of Hyundai Merchant Marine (HMM), the only remaining long-distance shipping firm in the country.

A senior official from creditors said on October 17, “It is inevitable to provide additional financial support to HMM as the nation’s only shipping firm in order to secure the competitiveness of the domestic shipping industry. Starting with the issuance of new shares worth 700 billion won (US$618.87 million)...

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