Seoul Stories May 2, 2017

Google-funded ‘Science Playground’ now open at Seoul’s Gwacheon National Science Museum

Google Korea has announced today that a new Science Playground at the Gwacheon National Science Museum in Seoul is now open thanks in part to a grant from Google.org.

Starting this week, families visiting the Gwacheon National Science Museum in Seoul can drop by the new Science Playground to dabble in activities and experiments where the young—and young at heart—can get a glimpse of what it’s like to be a scientist or an engineer.

Seoul Stories March 10, 2016

Eric Schmidt is in South Korea this week to witness Google’s AlphaGo AI system completely destroy the world Go champion at his own game. Sedol lost the first game yesterday, saying then that he was “very surprised”. Today he lost again. “It was a clear loss on my part,” he said. He had predicted before the matchups began that he would win the five-game series 5-0 or 4-1 “at worst.”

But while the Alphabet Executive Chairman is in South Korea to witness the monumental battle, the Korean press (OSEN, in this case) is clearly focusing on something else. As you can see in the pictures below, Schmidt was caught at a press event this week taking pictures with an iPhone…

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Seoul Stories May 17, 2015

In a pretty ambiguous press release, LG has come out this afternoon (or this morning for those in Seoul) to announce that its recently-announced G4 flagship will begin shipping this week to consumers in “key markets around the world.” The rollout will supposedly begin in Hong Kong, followed by introductions in Turkey, Russia, and Singapore… expand full story

Deal: Get Pixelbook at 25% off: $750!

Seoul Stories December 5, 2014

The downsizing expected at Samsung‘s mobile division has seemingly started at the top, with Re/code reporting that three senior execs are leaving the company. This follows the loss of five high-ranking execs earlier in the year.

Three deputies to the head of Samsung Electronics’ mobile division are leaving, a person with knowledge of the matter said on Thursday, as the world’s largest smartphone maker faces a rapid decline in profit […]

The departures included global marketing chief D.J. Lee, the source said, confirming earlier media reports.

All three of those leaving are said to be direct reports to mobile head JK Shin, who survived the cull despite presiding over a 74% drop in profits in his division …  expand full story

Seoul Stories October 29, 2014

LG’s twin-track smartphone strategy – offering both premium G-series models and cheaper L-series devices – appears to be working, with the company announcing Q3 smartphone sales up by 39% to 16.8M and operating profits more than doubled to 461B won ($440M). The results beat analyst expectations, and LG said that it was bullish about future prospects.

Building on its momentum and two consecutive profitable quarters, LG expects to strengthen its positioning in the smartphone market with its G Series and L Series models despite the landscape becoming more competitive

The G3 handset in particular has helped the company gain ground against its much larger Korean rival Samsung. Samsung is due to announce its own Q3 results tomorrow, but has already issued a profit warning on the basis of low average selling prices of its phones …  expand full story

Seoul Stories June 26, 2014

The WSJ reports that Samsung stock fell 1.9 percent as chief financial officer Lee Sang-hoon admitted that the company’s quarter two performance “doesn’t look too good.”

The comments were enough to drive down the stock price.  Samsung Electronics’ stock fell  1.9% to 1,320,000 won (US$1,296.4) as concerns over slowing profit growth reignited. Shares have fallen 8.5% so far this month, hit by a series of downgrades in earnings forecasts for the world’s largest seller of smartphones …

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