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New iPhones met with long lines
Hundreds of people waited in long lines to get their hands on the latest iPhone models at some major outlets of mobile carriers and retail stores early Friday when Apple started to release the phones in Korea.

LG Uplus-Huawei tie-up expected to hurt SMEs
The government is looking into the partnership between LG Uplus and China's Huawei Technologies over concerns that it may hurt smaller domestic equipment makers, officials said Friday.

KT swings to profit
KT, the nations second-largest mobile carrier, said Friday it ended the third quarter with a net profit due to improvements in its mobile business. This ends three consecutive quarters of losses.

Praise, concern for Cook
Apple CEO Tim Cooks coming out as homosexual was greeted with surprise and concern among netizens here.

LG breaks ground for Nanjing battery plant
LG Chem said Thursday that it has begun the construction of a battery plant in Nanjing, southern China, scheduled to be operational from 2016.

Samsung cautious about Q4 outlook
Samsung Electronics said Thursday that chances of the company seeing any substantial improvement in earnings in the fourth quarter were small as it needs to revamp its mobile business.

Naver's operating profit jumps 88%
Naver, the nations largest Internet service provider, said Thursday its operating profit in the third quarter jumped 88 percent from a year ago on the back of strong sales growth in overseas markets.

IT companies bolstering partnerships, B2B businesses
Samsung Electronics and other Korean tech companies are suffering steep falls in profits due to challenges from Chinese companies.

Naver Q3 net almost doubles on chat app LINE
Naver Corp., South Korea's top Internet portal operator, said Thursday its third-quarter net profit almost doubled from a year earlier as overseas sales, aided by its mobile messenger service LINE, sharply increased.

Korean PEFs urged to act for value creation
A global business-advisory firm said Korean private equity funds (PEFs) need to take action to achieve operational improvements for target companies and create greater corporate value.

LG Electronics operating profit surges
LG Electronics said Wednesday that its operating profit jumped 112 percent to 461 billion won in the third quarter on a strong performance of its mobile phone business.

New T-commerce association urges legal support
Major companies engaged in television commerce, or T-commerce, have launched an association to enable cooperation between government and industry for the development of this retail service.

Samsung's smartphone customer service recognized in China
Samsung Electronics said Wednesday it had won a gold prize for smartphone customer satisfaction in China.

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New iPhones met with long lines