[By NBC-1TV H. J Yook]OSRAM GmbH, LG Electronics Inc. and LG Innotek Co. Ltd. have agreed to settle all LED patent litigation between LG and Osram worldwide. Under the agreement, executed October 31, 2012, the parties will dismiss all patent disputes pending in various countries including the United States, Germany, South Korea, Japan and China. As part of the settlement, the parties also have reached a license agreement for their respective LED patent portfolios. The parties agreed to keep the details of the settlement confidential. “We are very much satisfied with the settlement reached. It
[By NBC-1TV H. J Yook]In November 2012, globally renowned figures will visit Seoul. The new concept knowledge concert “tech+2012,” to be held at the SK Handball Stadium within the Olympic Park in Seoul Nov. 7-8, will provide the venue for an occasion for the convergence of the biggest names in information technology. Celebrating its fourth anniversary this year, “tech+ 2012,” also known as Korean TED, is the country‘s first and largest knowledge concert where a wide variety of fusion knowledge on industrial technologies will be combined with special lectures, performances and demonstrations. T
[By NBC-1TV H. J Yook]Ssangyong Motor (President & CEO Lee Yoo-il; www.smotor.com), part of the US$15.4 billion Mahindra Group, announced on Nov. 1, 2012 that the company sold a total of 11,206 vehicles in October 2012 - 4,184 in domestic sales and 7,022 in exports including CKD, respectively. Ssangyong’s sales exceeded 10,000 vehicles for the second consecutive month. Ssangyong’s sales increased by 10.4% from 10,147 vehicles in the previous month and 22.8% from 9,125 vehicles in the same month last year, thanks to increased exports of the Korando C and upward trend in domestic sales. The Kora
[By NBC-1TV H. J Yook]GM Korea Company announced today that it sold 13,159 vehicles in Korea and exported 53,470 vehicles in October, for total monthly sales of 66,629 vehicles. The company’s domestic sales were up 19.0 percent year on year. It continued to be led by the Chevrolet Spark, which generated sales of 5,640 vehicles. The positive response for the new model year Chevrolet Malibu resulted in an all-time monthly sales record for the midsize sedan since its launch last year. Exports of complete vehicles totaled 53,470 vehicles in October, a drop of 8.7 percent year on year. In October,
[By NBC-1TV H. J Yook]The US followed suit on Friday and posted a 2% rise in GDP, compared to the UK's 1%. In the UK, the significant growth in GDP has been attributed to tourist events such as the Jubilee and Olympics, although the FTSE 100 index is still the worst performer out of 8 major equity indices and the only one not to hit a new high for the year. It's a similar story across the pond: whilst President Obama will be looking to focus on economic growth in the run up to the election, Mitt Romney believes that the economy is still moving too slowly. Ashraf Laidi of City Index has comment
[By NBC-1TV H. J Yook]Ssangyong Motor (President & CEO Lee Yoo-il; www.smotor.com), part of the US$15.4 billion Mahindra Group, announced on Nov. 1, 2012 that the company recorded 29,039 vehicles in sales volume (including CKD; 11,906 vehicles in domestic sales and 17,133 in exports respectively), KRW 696.5 billion in revenues and KRW 13.4 billion in net loss for the period. These performances were resulted from a decrease in exports due to recession of global automotive market, despite an increase in domestic sales thanks to robust sales of refreshed models such as the Korando Sports. The com
[By NBC-1TV H. J Yook]GM Korea Company held a women’s conference to foster global female talent and strengthen their global network at the Sheraton Seoul D Cube City Hotel on November 1. GM Korea and Kyobo Life co-hosted as the second annual GM Korea Women’s Conference. Under the theme of “Empathy and Messenger of Communication,” the one-day forum brought together 350 female employees from GM Korea and Kyobo Life as well as 100 female leaders from local and global companies such as Starbucks, 3M Korea, Citibank and the Sungjoo Group to discuss issues of importance to women. “The GM Korea Women
[By NBC-1TV H. J Yook]GuestLogix Inc. (TSX: GXI), the leading global provider of onboard retail and payment technology solutions to airlines and the passenger travel industry, today announced the successful deployment of its end-to-end onboard retail technology platform with TUI Airlines Belgium NV, trading as Jetairfly. The deployment is in support of travel retail leader and GuestLogix partner, Inflight Service Europe AB (IFS). This marks the first new fleet-wide customer deployment that leverages GuestLogix' September 4th acquisition of Initium Onboard. “Inflight Service Europe AB is an ext