InfoAnda - LG Elec names new CEO as mobile business struggles

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Taliban claim responsibility for slaying cleric | 13 June 2009
Blast at barracks kills 12 in Nigeria | | 30 May 2011
Samsung Q2 falls as weak LCDs overshadow mobiles | | 7 July 2011

Opera says demand up as Microsoft opens EU market | | 3 March 2010

Forum Views () Forum Replies ()

Read more with google mobile : LG Elec names new CEO as mobile business struggles

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology LG Elec names new CEO as mobile business struggles Reuters - Friday, September 17 Send IM Story Print By Miyoung Kim and Hyunjoo Jin SEOUL - South Korea's LG Group appointed a founding family member as the new chief executive of LG Electronics Inc, seeking to turn around the company's loss-making mobile phone business, the world's third largest. Koo Bon-joon, CEO of trading firm LG International will take over from Nam Yong, who offered to resign from the top job to take responsibility for poor management, LG said. LG Electronics has been under pressure after its mobile business reported a record loss last quarter and warned of a similar loss this quarter due to a lack of strong smartphone models. "The top management change will bring a positive change to the struggling company. Under the owner-management system, LG is expected to make more aggressive investments, and to regain its competitiveness," said Kiwoom Securities analyst Kim Ji-san. Investors welcomed the sudden change and pushed LG Electronics shares up 5 percent -- putting them on course for their biggest percentage gain in almost six months. Management changes are usually made at the end of the year but the change, which takes effect from October 1, reflected an urgency to overhaul the struggling mobile unit. "We made the decision to give an incoming chief executive enough time to prepare for next year," LG Group said in a statement. It is the second major management shake up the industry has seen this month. The world's No.1 handset maker Nokia said last Friday it has hired Stephen Elop, a Canadian Microsoft executive, to replace its embattled CEO in its most fundamental management shakeup in decades. LG has failed to come up with a hit model to compete against Apple's iPhone or Android phones made by Samsung Electronics, Taiwan's HTC and Motorola and its models so far have been too weak to cover overhead costs. The 58-year-old Koo is a younger brother of LG Group chairman Koo Bon-moo and also served as chief executive of flat-screen maker LG.Philips LCD, later renamed as LG Display, and worked as a project manager at U.S. telecoms firm AT&T. "Koo has a deep understanding in technology and extensive experience in broad industries from chemicals, electronics and resources," LG said in a statement. "He had also successfully transformed LG Display through difficult times and enhanced profitability of LG International dramatically." FURTHER RESTRUCTURING "After his inauguration, Koo is expected to replace Skott Ahn and other top executives... Under the ownership management, LG will speed up the decision making process and quickly respond to the change of the market environment," Harrison Cho, an analyst at KB Investment & Securities. LG, which has seen none of its smartphones yet reach the 1 million unit sales mark, unveiled the new Optimus One this week and said it was targeting sales of 10 million units for its first smartphone to be launched globally through some 120 carriers. LG's mobile business has struggled since last year following a series of fumbles in smartphone development, which led to higher marketing costs and lower selling prices. It hopes the new Optimus One, along with a new line-up powered by Microsoft's Windows Phone in the fourth quarter, would revive its reputation. But investors are concerned that the new rollouts may come too late with little differentiation factors, when rivals aggressively introduce new products for the crucial year-end holiday period. Nokia unveiled an arsenal of smartphones crucial to its fightback against Apple this week and HTC also introduced two new handsets using Google's Android operating system this week. Koo will be also missioned to improve LG's TV operation, ranked as the world's No.2, as the business posted a razor-thin 0.5 percent profit margin due to rising competition from Japanese rivals such as Sony. Recommend Send IM Story Print Related Articles US-TECH Summary Reuters - 54 minutes ago LG Elec names new CEO as mobile business struggles Reuters - Friday, September 17 Pro-privacy social network launched as Facebook rival AFP - Friday, September 17 Samsung launches Galaxy tablet for U.S. market Reuters - Friday, September 17 Yahoo! revamping email and getting 'more social' AFP - Friday, September 17 News Search Top Stories Denmark's TDC sells Swiss offshoot for 2.5 bln euros City, Liverpool win as Europa League gorges on goals US toughens demand for China currency action Number of poor in US jumps to record 43.7 million New CEO says GM repayment to US may take 'couple of years' More Top Stories » Related Full Coverage Personal TechnologyMobile phones & personal gadgets All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended Michael Jackson's mother sues concert promoters Arctic sea ice melts to third lowest area on record Craigslist says shutdown of adult services permanent Car sales plummet in Europe: industry data Trapped Chilean miner sees daughter's birth on video More Most Viewed » Climate: New study slashes estimate of icecap loss US pastor puts Koran-burning on hold 'Time bomb' superbug requires global response: doctor Japanese rider Tomizawa dies in San Marino Moto2 GP Vitamin B 'could delay Alzheimer's onset' More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Friday, 17 September 2010
Ten die in minibus blast in southeast Turkey
Tokyo Game Show opens with focus on 3D videogames
Arabs to target Israel at U.N. atom body, resist West
Sarkozy, EU leader clash over Roma dispute |
New CEO says GM repayment to US may take 'couple of years'
Miami Herald slashes 49 jobs in latest US newspaper cutback
Taliban threaten to attack Afghanistan election
Justin Bieber 3-D Movie Gets A Release Date
UN scientists say ozone layer depletion has stopped
Motorola buys location-based software developer Aloqa
Sara Bareilles Earns #1 Billboard Album With "Kaleidoscope Heart"
Iran opposition leader's office attacked
France will dismantle 'all illegal' camps: Sarkozy
Alleged Johns Hopkins Shooting Suspect Kills Mom, Self
Afghan officials promise security for elections
EU regulators crack down on concert, sports tickets sites
Clinton says Mideast peace 'within reach'
Taxi Passenger Takes Ride On Naked Side
UK does not rule out delay to new nuclear submarines |
US toughens demands for China currency action
Whitman Breaks Record For Personal Donations To Campaign
Gates cautiously optimistic on Afghan war |
US jobless claims fall faster than expected
China editor concerned after punishment
FedEx Profits Double In 1Q But 1,700 Jobs To Be Cut
China's Alibaba says rejects offer to buy back stake
Myanmar excludes some minority areas from poll: media
Ex-Guatemalan soldier gets maximum U.S. prison term |
Case Dropped Against "Craigslist Killer"
Chinese dissident author says obstinacy beat travel ban
Seven foreigners kidnapped in Niger, five French |
CNBC's Bartiromo To Write Column for USA Today
China's Zheng faces months out
Top separatist urges sit-in protests in Indian Kashmir
Chuck E. Cheese's Recalls 1 Million Toys
Carter urges N.Korea talks, but US cautious
Motorola buys location-based software developer Aloqa
Clinton says Mideast peace 'within reach'
Audit board chief named S.Korea's new PM
Burlington Recalls Children's Jackets With Drawstrings
Hurricane Karl menaces Mexico, Igor eyes Bermuda
China calls for 'concrete actions' from Japan
Sting to open Poland's first Euro 2012 stadium
A Minute With: Disney's grown-up child star Raven-Symone
CIC says China should reduce dollar assets if Fed stays loose: DJ
India hikes interest rates for fifth time this year
US toughens demand for China currency action
Pakistan must raise billions after flood
China approves four Taiwan banks to open on mainland
Samsung aims to lead global refrigerator market
Toyota may provide hybrid technology to Daimler: reports
Taxi Passenger Takes Ride On Naked Side
Paul McCartney to reissue Wings album Band on the Run |
Pakistan to review monetary policy on Sept 29
Pact Signals More Commercial Space Travels
Estevez and Sheen find The Way after failed project |
Pakistani stocks end lower; rupee weakens, o/n rates flat
Mideast talks still under threat after Clinton visit
Pope seeks better ties with Anglicans on Britain visit
Japan PM rejigs cabinet |
US-TECH Summary
Iran sanctions working
Pakistani politician murdered outside London home: reports
Rebels kill NATO soldiers, civilians ahead of Afghan polls
LG Elec names new CEO as mobile business struggles
Karachi shuts down after politician killed in London |
City, Liverpool win as Europa League gorges on goals
Polish police arrest Chechen independence leader
Pro-privacy social network launched as Facebook rival
U.S. Lists 20 Countries Involved In Drug Production, Transit
New web address hints at Putin return to Kremlin |
US toughens demand for China currency action
U.S. Senate Committee Supports Russian Nuclear Treaty
Samsung launches Galaxy tablet for U.S. market
Dozens killed in Mexican drug shootouts: reports |
Chechen leader wanted by Russia is in Poland: activists
Obama Announces Appointments For AAPI Advisory Commission
Clash over water kills one and injures 18 in Peru |
U.S. Justifies Releasing Additional $30 Million To Colombia
Number of poor in US jumps to record 43.7 million
revamping email and getting 'more social'
Five French, two Africans kidnapped in Niger
U.S., France Agree International Sanctions Limiting Iran
Iran sanctions working: U.S. and French defense chiefs |
Tech Stocks Break Wall Street Fall
Wall Street hopes next Brazil leader politically adept |
Record Blackberry shipments in second quarter: RIM
Indians Sign MoU In Washington To Research International Migration
Child death rate down by a third since 1990: UNICEF |
Candice Bergen To Play Cuddy's Mom On "House"
U.S. looks beyond Myanmar vote for political change
Ed Gordon Returns To BET Networks With 2 Shows
U.S. poverty rate hits 15-year high
Congress Seeks to Punish China for Currency Exchange Rate
Apple, at long last, launches iPad in China
Android gains US smartphone market share: comScore
Director confesses to Joaquin Phoenix hoax
Samsung launches Galaxy tablet for U.S. market |
US-TECH Summary
Actors turned directors shine at Toronto film festival
Indian police say one dead in Kashmir shooting
Japan PM rejigs cabinet and juggles yen, debt and economy
LG Elec names new CEO as mobile business struggles |
LG Elec names new CEO as mobile business struggles
N.Zealand on tornado watch amid storm 'the size of Australia'
Exiled Pakistani politician murdered in London
Samsung launches Galaxy tablet for U.S. market
High-tech cow earrings mark new path for Brazil |
Australian Aborigines 'world's first astronomers'
New Zealand's Rokocoko signs on for World Cup
US-ENTERTAINMENT Summary
"Borat" star to play Freddie Mercury in movie
For horse and rider, 'eventing is ultimate test'
Two Koreas hold talks on reunions as tensions ease
Katy Perry leads U.S. singles chart with Bruno Mars on horizon
Japan PM in sweeping cabinet reshuffle
Showtime unveils bantamweight tournament
Dengue outbreak hits south China ahead of Asian Games
Director confesses to Joaquin Phoenix hoax
High school pic "Easy A" set to lead box office
"American Idol" new judges to be unveiled Wednesday
Actors turned directors shine at Toronto film festival
Crowds turn out for iPad's China launch
Benicio Del Toro invokes Che Guevara in Brazil land struggle
Corruption threatens Indonesia's economic rise: IMF
Seoul shares hit new 27-mth closing high on techs
Director admits Joaquin Phoenix documentary a hoax |
Pakistani c.bank buys back 58.45 bln rupees of govt paper
US courts Indonesia with inaugural talks
American Idol new judges to be unveiled Wednesday |
China's yuan weakens despite US anger
Borat star to play Freddie Mercury in movie |
Australian police testify for death-row convict
Director confesses to Joaquin Phoenix hoax |
PAKISTAN
High school pic Easy A set to lead box office |
Iran c.bank to open accounts at South Korean banks
Katy Perry leads U.S. singles chart with Bruno Mars on horizon |
LG Electronics CEO quits over flagging earnings
Seoul shares gain 0.3 pct; LG Elec jumps
Actors turned movie directors seek success in Toronto |
S.Korean bonds edge up in thin pre-holiday trade
Taliban kidnap candidate on eve of Afghan poll
Britain arrests five over Pope 'terrorist' threat
Rash of kidnappings hit on eve of Afghan vote |
Sarkozy 'misunderstood' Merkel on Roma: German FM
Five men arrested in London during pope visit |
Afghan election will have irregularities: Karzai
Sri Lanka accidental blast kills 25: military |
Polish police arrest Chechen independence leader
Denmark's TDC sells Swiss offshoot for 2.5 bln euros
Israeli troops kill Hamas commander in West Bank
Katy Perry Spends Second Week At #1 On Billboard Hot 100 With "Teenage Dream"
Sara Bareilles Earns #1 Billboard Album With "Kaleidoscope Heart"
Israeli troops kill Hamas commander in West Bank |
Taliban kidnap 19 officials on eve of Afghan vote
Top Belarus opposition leader says won't run in vote |
US-ENTERTAINMENT Summary
Sudan holds first open debate on unity vs secession
France urges danger zone exit after Niger kidnap |
Karzai urges Afghans to vote, ignore Taliban
Sony hopes Facebook film befriends fans, Oscar
Danish police say bomber's target was newspaper |
Security ramped up ahead of Afghan elections
Hard hit Africa leads fall in new HIV infections: U.N. |
Security ramps up ahead of Afghan vote
US-TECH Summary
Motorola buys locator software developer Aloqa
Actors turned directors shine at Toronto festival
Sri Lanka 'jails ex-army chief Fonseka'
Over 60 killed in Sri Lanka blast
Mother, daughter killed in Calif. blast remembered
South Korea sends aid to North as reunions to resume
Sony hopes Facebook film befriends fans and Oscar
Thais pray for hospitalised king as anniversary nears
Police say Wash. acid attack self-inflicted
Coast Guard Rescues 3 Boaters In Prince William Sound
Jailed George Michael abandons bail bid
One Dead After Strong Winds Possibly Spawn NY Tornado
London Fashion Week gets under way
Mother, son dead at Johns Hopkins, doctor shot
India deploys army to quell Kashmir unrest
Feds Charge 53 In Crackdown Of Identity Theft Ring
'Halo: Reach' rings up $200 million on first day
Murkoswski To Announce Decision On Independent Bid Friday
Del Toro invokes Guevara in Brazil land struggle
Philippine president reviews bus hijacking report
BREAKING: Police Shoot Gun-Wielding Man Near U.S. Capitol
Actors turned directors shine at Toronto festival
Enbridge Restarts Pipeline Friday After Leak
Maoist leader withdraws from race to be Nepal PM
Heartwarming Comedy "$5 A Day" Comes To Blu-Ray, DVD
Increasingly literate India fuels newspaper boom
Australian pupils probed after kangaroo beaten to death
Father's Absence May Cause Early Puberty In Girls
Pakistani stocks, o/n rates end up; rupee firms
Acid Attack Story Was A Hoax
Key Australian MP upset over reforms row
Sacha Baron Cohen To Play Freddie Mercury In Film About Queen
Director admits Joaquin Phoenix documentary a hoax
China 'aims to lead world' in eco-friendly cars
Nike exec released in China soccer graft probe
Standard Chartered 'may move HQ to Far East'
Bharti picks IBM to upgrade Africa mobile network
China's central bank warns economy still faces challenges
Sony hopes Facebook film befriends fans and Oscar |
S.Korea spotted buying dlrs to curb won -dealers
Jailed George Michael abandons bail bid |
YouTube star Fred won't be changed by fame, says creator |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph	VPN on MacOSX	BlogMeter 1.01