Domain: koreaherald.com
Stories and comments across the archive that link to koreaherald.com.
Stories · 12
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Samsung Chief Jailed For Five Years For Bribery and Perjury (koreaherald.com)
A South Korean court on Friday sentenced Samsung Electronics Vice Chairman Jay Y. Lee to five years in jail on charges connected to the corruption scandal that led to former President Park Geun-hye's ouster. The Korea Herald reports: The Seoul Central District Court convicted Samsung's de facto heir of bribing former President Park Geun-hye and her close friend Choi Soon-sil in return for the government's help in tightening his control over Samsung Group, saying he was in position to benefit most from the bribery scheme. Lee, who has been detained since February, was found guilty of all five charges -- bribery, embezzlement, concealment of criminal proceeds, illegal transfer of assets overseas and perjury. The court said Lee and Samsung executives offered large bribes to the president, who held "immense power and the ultimate authority," and embezzled company funds, hid assets overseas and concealed profits from criminal acts in the process, all expecting a favor in the form of Samsung Group's smooth leadership transition. Lee is the first member of Samsung Group's ownership family to be sentenced to jail. He is set to appeal the decision. "The essence of the case is collusive ties between political power and capital power," presiding Judge Kim Jin-dong said. "As Samsung executives, they had a great deal of negative impact on society and the economy." -
Samsung Downsizes Workforce For First Time in 7 Years Amid Global Restructuring (koreaherald.com)
Samsung witnessed a reduction in the number of employees last year in its first manpower cut in seven years due mainly to its restructuring in China, South Korean newspaper Herald reports citing figured published by the company. From the report: The number of employees of the world's largest smartphone and memory chip manufacturer fell 5.2 percent to 308,745 last year from 325,677 the previous year, the data said. By region, domestic employees dropped 3.8 percent to 93,204, and those abroad declined 5.8 percent to 215,541. As of the end of last year, the percentage of the employees at Samsung's companies abroad dropped 0.4 percent to 69.8 percent. The number of Samsung employees in China fell 17.5 percent to 37,070 last year from 44,948 the previous year, while those in North and South America surged 8.5 percent to 25,988. -
LG's Upcoming Smartphone G6 Will Have 5.7-inch QHD+ Display Featuring 18:9 Aspect Ratio (koreaherald.com)
Song Su-hyun, reporting for The Korea Herald: LG Electronics' upcoming flagship smartphone will have a 5.7-inch Quad HD liquid crystal display panel with a ratio of 18:9, LG Display said on Tuesday. LG Electronics confirmed it will be the G6 smartphone slated for launch next month. The new display panel, dubbed "QHD+," will be the world's first 18:9 QHD LCD, according to LG Display. The 18:9 ratio will provide users with greater immersion than previous displays and allow consumers to multitask by using the dual-screen feature. -
Samsung Stops Airing Galaxy Note 7 Commercials, Preps Early Launch of Galaxy S8 (sammobile.com)
An anonymous reader writes: Given the bad press surrounding Samsung in regard to the faulty Galaxy Note 7 batteries, the company appears to have stopped airing Galaxy Note 7 commercials on TV. You know it's bad when they have reportedly stopped airing commercials in their home country, South Korea. One of the reasons behind the move is because sales of the Galaxy Note 7 have been suspended for over a week now, and will not be resuming until there is enough inventory to replace all Galaxy Note 7 units that have already been shipped. Some analysts believe sales might not be resumed until next month. Samsung will be using the ad space to market their other products like TVs and refrigerators. In addition, the company may be looking to launch the successor to the Galaxy S7 ahead of schedule. Kim Sang-pyo, an analyst for KB Investment and Securities said in a report: "If Samsung's flagship smartphone launch is delayed to the end of the first quarter of next year, the profitability of the mobile business division could be worsened next year," states the analyst. SamMobile also recently revealed the new model numbers for the Galaxy S8: the SM-G950 and the SM-G955. One model will feature a smaller screen, the other larger -- similar to the Galaxy S7 and S7 edge, though both phones might have a curved display this time around. -
North Korea Is Blackmailing Top South Korean Online Retailer For $2.66 Million (softpedia.com)
An anonymous reader writes from a report via Softpedia: South Korea says that North Korea is behind a data breach that occurred last May, where hackers stole details about 10 million user accounts from Interpark.com, one of the country's biggest shopping portals. The hackers later tried to extort Interpark management by requesting for 3 billion won ($2.66 million / 2.39 million euros), otherwise they were going to release the data on the internet. [The hackers wanted the money transferred to their accounts as Bitcoin.] Authorities say they tracked the source of the hack to an IP in North Korea, previously used in other attacks on South Korean infrastructure. "Besides the evidence related to the IP addresses and the techniques used in the attacks, investigators also said that the emails Interpark management received, written in the Korean language, contained words and vocabulary expressions that are only used in the North," reports Softpedia. -
Samsung Beat Apple In Smartphone Shipments, Profit Surges To 2-Year High (thehindu.com)
An anonymous reader writes: Earlier reports speculated this to be true, but now it's official: Samsung has beat Apple in smartphone shipments to lift the company to its most profitable quarter in over two years. The Hindu reports: "Riding on the strong sales of its Galaxy S7 and Galaxy S7 Edge smartphones, Samsung Electronics on Thursday declared 8.14 trillion won ($7billion) year on-year operating profit -- 18 percent in the second quarter results. Touted as bad news for Apple that saw a 15 percent decline in iPhone sales in its second quarter results announced this week, Samsung saw substantial earnings improvement led by sales of its flagship products such as Galaxy S7 and S7 edge. A streamlined mid-to low-end smartphone lineup also contributed to improved profitability for the company. According to Samsung, it shipped about 90 million handsets in the April-June period with smartphones making up more than 80 per cent of the total, the Korea Herald reported. Samsung's second-quarter smartphone shipments are estimated at about 72 million units, almost doubling Apple's iPhone shipments of 40.4 million units during the same period." -
UK Tech Sector Reacts To Brexit: Some Anticipate Slow Down, Some Contemplate Relocation
In the aftermath of the United Kingdom voting to leave the European Union, UK's technology industry is reassessing its position, with many of them considering moving to a continental location. According to reports, Samsung, LG, and Acer have noted that the UK leaving the EU will affect their operations. From a BBC report:As news of Brexit broke, tech firms including BT, TalkTalk and software firm Sage reported share price falls. [...] "I have concerns that the local market might slow down," said Drew Benvie, founder of London-based digital agency Battenhall. From a report on The Guardian:Britain's financial technology sector is particularly hard-hit, with the prospect of losing access to European markets an unappealing one. "Fintech" has long been one of the UK's most promising growth areas, in part due to London's position as the financial capital of Europe. [...] Not one of the 14 billion-dollar tech firms based in the UK the Guardian asked said leaving the EU would be good for their business.Toby Coppel, the co-founder of venture capital firm Mosaic, said: "The next entrepreneur who's 22 years old, graduating from a technical university in Germany may, instead of moving to London to do their Fintech startup, decide to go to Berlin instead. I think that's one of the biggest concerns I have about the trajectory of the London technical ecosystem." -
With AI Getting Better at Cognitive Abilities, Humans Will Have Even Fewer Jobs (koreaherald.com)
An anonymous reader writes: It is no secret that machines have come to largely replace physical labor, and computers surpass human beings in processing data. But in the future, the development of artificial intelligence may render humans obsolete even in the realm of emotional intelligence (warning: annoying popup adverts), according to Yuval Harari, a renowned professor of history. Harari said:AI today is able to diagnose your personality and emotional state by looking at your face and recognizing tiny muscle movements. It can tell whether you are tired, excited, angry, joyful, in love ... it can tell these things even though AI itself doesn't feel anger or love. In the future, therefore, AI could drive humans out of the job market and make many humans completely useless, from an economic perspective in areas where human interaction was previously considered crucial. Humans only have two basic abilities -- physical and cognitive. When machines replaced us in physical abilities, we moved on to jobs that require cognitive abilities. ... If AI becomes better than us in that, there is no third field humans can move to. -
South Korea Plans Moon Landing By 2020 (examiner.com)
MarkWhittington writes: The Korean Herald has reported that the South Korean Ministry of Science, ICT and Future Planning has started a lunar exploration program, allocating funding to place a probe in orbit around the moon and a small lander and rover on the surface of the moon by 2020. The United States and the government of South Korea have also made a space cooperation agreement, fueling speculation that NASA will participate in the South Korean moon shot. -
At Current Rates, Tesla Could Soon Suck Up Worldwide Supply of Li-Ion Cells
cartechboy writes "Lets just say Elon Musk may need to go battery shopping, like, big-time. Here's some little-understood Tesla math that could turn the global market for cylindrical lithium-ion cells upside down by 2015. It turns out the massive Model S battery takes almost 2,000 times the number of cells a basic laptop does. Assume Tesla just doubles production from its current 21K cars/year to 40K cars/year. (Something it expects to do by 2015). At that point, Tesla would require the *entire* existing global capacity for 18650 commodity cells. That assumes no other growth, no next gen model, nada. What should Elon do? Better get on the horn to Panasonic and Samsung." -
North Korea Jamming GPS Signals In South Korea
Fluffeh writes "North Korea has been looking for new and inventive ways to mess with South Korea. It seems that their missile launch fizzled a bit though, so those wacky folks from the North have bought a few GPS jamming trucks from Russia and are now blocking GPS signals around their city of Kaeson. While Kaeson is around 60 Km inside their borders, the jamming circle is around 100 Km, so it actually covers good parts of South Korea including the airports at Inchon and Gimpo. While no accidents have been caused as yet, it has caused quite some disruption and has made ocean going craft suffer as well due to their heavy reliance on GPS signals." -
Google Broke the Law, Say South Korean Police
bonch writes "South Korean police say Google was in violation of Internet privacy laws when its Street View service archived private information in more than 30 countries, including email and text messages. The country's Cyber Terror Response Center broke the encryption on hard drives raided from Google last August and confirmed that private information had been gathered, violating South Korea's telecommunications laws. Police are seeking the original author of the program, though they say it is likely to be a US citizen. Google said it stopped collecting the information as soon as it realized what was happening. 40 states in the US are demanding access to the information gathered by the mapping service in order to determine what was archived, which Google refused to hand over. 'We have been cooperating with the Korean Communications Commission and the police, and will continue to do so,' said a Google Korea spokesperson."