The global price of dynamic random access memory chips surged in October from a month earlier, data showed Tuesday, boding well for South Korea's leading chipmakers.According to the data compiled by market tracker DRAMeXchange, the average contract price of the DDR3 4GB, mostly used for PCs, rose 25.3 percent on-month to US$1.88 in October, marking the highest gain since March of 2013 when the prices advanced 18.52 percent on-month.The DRAM prices have risen sharply since July this year advancin

Chinese tech giant Huawei is expected to launch its premium smartphones for the first time in Korea, targeting the gap in the market left by the Galaxy Note 7. Huawei’s premium smartphones P9 and P9 plus gained radio equipment approvals from the National Radio Research Agency on Oct. 23 and Oct. 30, respectively, the tech firm’s Korean unit confirmed Monday. The phones are expected to be rolled out in December via Huawei’s local partner LG Plus and priced from around 700,000 won ($612) to 800,00

Shares of Samsung BioLogics will be offered for sale to interested investors on Wednesday and Thursday, as the South Korean contract drug manufacturer prepares to go public on Korea’s main bourse on Nov. 10.　The company has priced its shares at 136,000 won ($118.83) apiece. This pricing scheme values the share sale at 2.25 trillion won and sets Samsung BioLogics’ market value at 9 trillion won. Samsung BioLogics employees work inside a lab at the company`s headquarters in Songdo, Incheon (Samsun

South Korean mobile carrier SK Telecom said Monday that it has joined hands with US chipmaker Intel Corp. for the development of next-generation technologies for autonomous vehicles.　The two firms signed a memorandum of understanding in Seoul last Thursday, pledging to cooperate for the development of “Vehicle-to-Everything,” or V2X, technology as well as video recognition based on deep learning, a form of artificial intelligence, SKT said. The chief of SK Telecom’s Corporate R&D Center Choi Jin

Competition is intensifying in South Korea's market for smartphones equipped with high-quality front cameras to meet the booming trend of selfies, company officials said Monday. A smartphone's high-quality front camera, mainly used to take selfies, is increasingly appealing to plenty of young consumers, they said.  SK Telecom Co.'s Luna S smartphone (Yonhap file photo)Earlier this month, SK Telecom Co., the nation's top mobile carrier, began selling its Luna S smartphone, fitted with a 13-megapi

The combined production volume of China’s top three smartphone makers - Huawei, Oppo and Vivo - in the third quarter surpassed that of South Korean tech giant Samsung Electronics for the first time, industry data showed.According to market research firm IDC, Samsung Electronics manufactured 72.5 million smartphones, giving it a 20 percent market share of the global smartphone market, during the July-September period.Meanwhile, the three Chinese firms together produced 80.1 million smartphone uni

LG Electronics‘ Wine 3G cellphone began sales in South Korea on Sunday via local carrier KT. LG’s new budget handset is designed for senior consumers who prefer cheap cellphones offering the most basic functions over high-end smartphones with complex features. The LG Wine 3G is priced at 143,000 won ($125), including tax, and is available in two colors -- brown and red. (KT)

LG Electronics said Sunday that it has begun selling its latest premium smartphone V20 in the US and Canada, with the aim of appealing to audiophiles, camera enthusiasts and content creators.LG is hoping to win over customers who are looking to purchase a large-size premium smartphone, including those seeking alternatives to the Samsung Galaxy Note 7 which was recently pulled from the market due to battery safety issues. A reporter looks at LG Electronics’ V20 smartphone during a media event hel

LG’S NEW 3G CELL PHONE — LG Electronics began selling its Wine 3G cell phone in South Korea on Sunday via local carrier KT. LG’s new budget handset is designed for senior consumers who prefer cheap cell phones offering the most basic functions over high-end smartphones with complex features. The LG Wine 3G is priced at 143,000 won ($125) including taxes and is available in two colors — brown and red. (KT)

South Korean tech giant Samsung Electronics Co. was chosen as the most-loved brand in Russia for the sixth year in a row, a survey showed Sunday.In the survey by Russia-based Online Market Intelligence, Samsung Electronics garnered 17 percent of support from 1,500 respondents living in Russian cities with over 1 million people.Germany sportswear company Adidas followed with 10.5 percent, and Japanese electronics company Sony came next with 10 percent, according to the survey results posted on OM

German home appliances maker Miele denied on Friday claims by LG Electronics that it had infringed on washing machine-related patents. “LG Electronics claimed that Miele used its patent technologies, but we delivered a strong message to LG that we did not use a third party’s patents without permission,” said a Miele Korea spokesperson. “Miele currently holds patents related to steam washing machine technologies and some are under the patent application process,” he said, adding that it is a rout

The appointment of Samsung Electronics’ Vice Chairman Lee Jae-yong as a member of the board of directors was overshadowed by concerns over the Note 7 fallout at a shareholders meeting Thursday.In the morning, shareholders appointed the grandson of the Samsung founder to its board of directors, paving the way for Lee to step up as an official leader of South Korea’s largest conglomerate. Lee did not attend the meeting.(Yonhap)The unanimous vote, however, was soon followed by questions from shareh

By Yoon Yong-chul Senior vice president of public relations office at SKTThe Internet of Things connecting people to devices and devices to devices is no longer a future technology.It is becoming a part of our life, and SK Telecom believes the change has altered the fundamental nature of our society. Yoon Yong-chulTwo sides -- whether they are people or devices -- are now connecting through the Internet of Things in ways we could not imagine in the past. Connecting the two creates synergies and

South Korean game developer NCSOFT unveiled its new mobile game “Lineage Red Knights” in Seoul on Thursday, announcing plans to officially launch the game in 12 countries on Dec. 8.　The mobile game is based on “Lineage,” a pioneering multiplayer online role-playing game introduced in 1998 that rocketed NCSOFT to become one of Korea’s biggest game developers.NCSOFT plans to launch its new mobile RPG in 12 countries, including Korea, Taiwan and parts of Southeast Asia, on Dec. 8, with plans to int