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Enough is apparently enough. Having been indicted for tax evasion, the Chairman of the Samsung Group, Lee Kun-hee, is to step down. He confirmed that he will quit during a televised news conference, saying: “I will step down from the Samsung chairmanship today. I am saddened as there is still much to do, but I [...]

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Panasonic has formed a strategic alliance with Samsung to develop Blu-ray hardware. Speaking at a Pre-IFA press event, brand Corporate Communications Chief Peter Weber confirmed the tie-up and promised a big push behind the high-resolution format for 2008. The company is expected to bring its first profile 2.0 Blu-ray model to market in a matter [...]

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Sony has refined its ground-breaking XEL-1 OLED TV, reducing the panel thinness to just 0.3mm, down from 1.4mm. The prototype edition, shown at Japan’s Display 2008 trade expo, is based on an entirely new substrate and glass. It retains the original resolution of  960 x 540 pixels. Commercial production is expected to begin later this [...]

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The Chairman of Samsung, Lee Kun-hee, could be jailed for five years after being indicted by South Korean Special Investigators on charges of tax evasion and breach of trust. The revelation came at the conclusion of a very public 99-day probe into corruption charges. The shamed Chairman was found guilty of hiding 4.5 trillion won [...]

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It is looking increasingly likely that JVC will become the first Japanese TV maker to withdraw from its local market, citing fierce pricing competition for the retreat. Many of the company’s financial woes stem from its money-losing TV operation. JVC’s latest prediction is that it will lose 47.8 billion yen this fiscal year. The company [...]

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Star Trek fans who have been waiting for the newly remastered Original Series to migrate from HD DVD to Blu-ray will be disappointed by Paramount’s announcement that reissues will continue on DVD only. The HD DVD camp made quite a ballyhoo after the first season of Trek:TOS debuted on its hi-def format, following an impressive [...]

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Flatscreens and mobile phones have helped South Korea’s LG Electronics to turn last year’s financial loss into a first quarter net profit. The company has declared earnings of 422 billion won for Q1, with sales up 14.8 percent. LG’s Digital Display Company in particular is shining. Sales jumped 32.1 per cent to 3.637 trillion won, [...]

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JVC has revised down already gloomy sales projections, “due to intensified competition as well as delays in the launch of some new products in the area of LCD televisions.” The Japanese CE icon is banking on a new breed of ultra-slim LCD TVs to reinvigorate the brand, but these have yet to come to market. [...]

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