Korea Times — Google has named LG Electronics as its partner to produce the upcoming Nexus smartphone, industry sources familiar with the issue said, Thursday. “Senior LG Electronics executives met with their Google counterparts in the United States recently. The main issue was how to expand their bilateral partnership in areas other than smartphones,” said a source. He added LG was working on developing the Google Nexus at its technology center in Seoul.
Vietnam Net — There are more investors expanding their business in Vietnam to utilize support policies from the government and the country’s large, low cost workforce, according to the Nikkei Asian Review, an online Japanese newspaper. It noted that Microsoft has moved its manufacturing lines from two factories it closed down in China to its factory in the north of Vietnam.
Business Korea — The MWC Shanghai, which is emerging as Asia’s largest mobile exhibition, started at the Shanghai New International Expo Centre (SNIEC) on July 15. A total of 116 ICT companies and 97 mobile carriers around the world will attend the event, titled “Mobile Unlimited.” In particular, South Korea, China, and Japan are expected to compete to take the initiative this year in next-generation techs like IoT and 5G.
Korea Times — LG Uplus Vice Chairman Lee Sang-chul will introduce the company’s technologies for 5th generation (5G) mobile communication at the Mobile World Congress Shanghai, which starts on July 15. The global mobile expo will invite industry professionals and mobile-passionate consumers. The vice chairman will deliver a keynote address under the theme of “the road to 5G” on July 16.
China Topix — Korean technology firm Samsung has announced a new technology discovered by its scientists that will allow them to increase the battery life of their phones. Even LG has confirmed to have developed a similar option that will keep the phones working for a longer duration of time. According to a report on The Inquirer, Samsung and LG have confirmed the development of a new technology that will help in extending the battery life of mobile phones.
MUMBAI: South Korean electronics player LG today said it expects to double market-share in the mobile phone segment to 10% by the year end on increasing smartphone adoption across price bands in the country. “Our target is to double the marketshare in the mobile phone segment to 10% from the current 4-5%,” LG India’s business head (mobile communications) Deepak Jasrotia told PTI. The handset maker which launched its high-end smartphone ‘LG G4’ here today, said that it expects to meet its targets encouraged by the rapid increase in smartphone adoption in the country.
KT said Monday that it has succeeded in commercializing the world’s fastest GiGA long term evolution (LTE) mobile network, providing gigabyte (GB) speed to its customers. It said the new mobile network will fasten the era of the fifth generation (5G) network. “The GiGA-LTE service can achieve a peak speed of 1.17 gigabytes per second (Gbps), which is 15 times faster than existing LTE and 4 times faster than the tri-band carrier aggregation (CA),” it said in a statement.
The government’s drive to introduce a fourth telecom company here faces challenges amid lukewarm responses from large conglomerates and objections from budget mobile service operators. The Ministry of Science, ICT and Future Planning has pushed ahead with the establishment of the fourth mobile carrier, following SK Telecom, KT and LG Uplus, to accelerate competition in the market and to reduce household telecom expenses in the long run.
LG U+ has decided to use Internet of Things (IoT) technologies in Dongdaemun Design Plaza (DDP), which will reach an annual amount of 10 million visitors at home and abroad soon, and start creating an advanced cultural and design space from this month. LG U+ announced on June 7 that it will expand the local commercial area by using Beacon-based customer services, a wireless sensor-based control system, and the Beacon and payment system through the introduction of IoT solutions at DDP.
The government said Thursday that it will award a license to Korea’s fourth telecom company by the end of the year. The Ministry of Science, ICT and Future Planning said it will provide policy incentives for the introduction of the fourth mobile carrier. The ministry has emphasized the need for an additional telecom operator ― following SK Telecom, KT and LG Uplus ― to bring fairer competition in the market and lessen households’ telecommunications expenses.
KT’s new rate plan is expected to bring a major change to the local telecom industry, from voice calls and texting to data and content services. On Thursday, the nation’s second-largest mobile carrier rolled out new mobile payment plans which include unlimited free calls and text messages. Instead, it offered subscribers more options in data packages.
LG Uplus, the nation’s smallest mobile carrier, demonstrated for the first time its new long-term evolution (LTE) network that is eight times faster than the original LTE, Thursday. The telecom company said the new network, LTE in Unlicensed spectrum, or LTE-U, is capable of transmitting data at up to 600 megabits-per-second (Mbps). This technology taps into the 5.8-gigahertz (GHz) unlicensed spectrum, which has been used for Wi-Fi, with the LTE network.
NEW DELHI: LG has launched a mid-range smartphone Magna LTE priced at Rs 16,500 in India. The smartphone with a slightly curved design runs on Android 5.0 Lollipop (skinned with LG UI) and features a 5-inch HD display with pixel density of 294ppi. Magna LTE is powered by 1.3 GHz quad-core processor and comes with 1GB RAM and packs 8GB of internal storage, which can be expanded through microSD card (up to 32GB).
Korea’s telecom authorities are being increasingly pressurized to allocate the 700-megahertz (MHz) frequency for greater use by local telecom carriers to help them grab the lion’s share in the heated competition for next-generation wireless technologies. Analysts and even government officials have agreed that the 700MHz bandwidth will generate greater economic value when it is used for mobile carriers instead of terrestrial broadcasters, and should be allocated for telecom industry, an expert said.
South Korea’s LG Electronics launched its G Flex 2 device in Taiwan on Thursday, entering its third market with the curved screen flagship smartphone. Unveiled at the Consumer Electronics Show in January, the G Flex 2 is the successor to the 6-inch G Flex that was launched in October 2013. The G Flex 2 features a scratch-resistant and self-healing plastic design, which includes a flexible 5.5-inch plastic OLED full-HD display.
Top management at Samsung and LG technology affiliates say they will focus on boosting corporate profits in 2015 to keep their key businesses competitive. Samsung Electronics Vice Chairman Kwon Oh-hyun said Friday at the company’s annual shareholder meeting that the company planned to find new revenue sources by developing premium products and strengthening its technology leadership.
The head of a local cable TV group blamed the nation’s top three mobile carriers ― SK Telecom, KT and LG Uplus ― for excessive promotional campaigns to sell paid content with heavy discounts. “The local cable TV industry has been consistent in building a virtuous circulation ecosystem in content for broadcasters. Our industry-wide efforts, however, have been disturbed as telecom firms are pushing to increase the sale of their converged products below market price.
LG Group plan to invest 6.3 trillion won in hotly anticipated research and development (R&D) projects and new categories. In a statement, LG said that this estimated spending is regarded as the largest R&D investment ever made by the conglomerate. In 2014, LG spent 5.9 trillion won in research projects, while it spent 5.4 trillion won on R&D in 2013. “Our investment plan shows that LG’s investment in R&D has actually been accelerating, growing much faster than previous years,” said LG spokesman Terry Taekyung Lee, Thursday.
LG Uplus Vice Chairman Lee Sang-chul said it will beef up ties with global companies to develop the Internet of things (IoT) and next-generation mobile network services. He said that the key agendas of this year’s MWC were the next-generation network, LTE technology with higher speed and low interference; new IoT systems and the FinTech, the combination of telecom and financial industries.
Unlike Samsung Electronics and High Tech Computer (HTC) that unveiled their newest flagship smartphones at Mobile World Congress (MWC) 2015 in Barcelona, Spain, LG Electronics focused its exhibition on four new mid-range and entry-level models: the LG Magna, Spirit, Leon and Joy, and smartwatches: the LG Watch Urbane and Urbane LTE.