10 sectors most influenced by Jobs
Phil Lelyveld
Entertainment Technology Center
[Korea Times]
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3. LG Electronics
The world’s third largest mobile phone maker, LG Electronics, is endeavoring to recover from the grave mistake of not taking the smartphone business seriously.
LG relied too heavily on feature phones _ nicely designed basic mobiles phones _ while allying with Microsoft in choosing the relatively slow Windows as its smartphones’ operating system.
The result was dismal. LG recorded an operating loss of 422.16 billion won between January and September 2010.
LG Group Chairman Koo Bon-moo’s brother Koo Bon-joon replaced Vice Chairman Nam Yong, vowing to become stronger in the new area.
LG now has a highest number of patents for long-term evolution (LTE) technology _ some 1,400 worth 9 trillion won _ and is determined to make a comeback with its Optimus LTE as well as a 3D-display smartphone.
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Read the full story here: http://www.koreatimes.co.kr/www/news/biz/2011/10/123_96721.html
