South Korea’s No. 2 telecom carrier said Friday that it has won a pilot project from the government to build a nationwide public safety network based on Long Term Evolution technology – the first of its kind globally. The new Public Safety-LTE system aims to allow fire, police and rescue responders to better communicate with each other using a standard device that operates on the same frequencies. The government plans to pour 2 trillion won ($1.7 billion), attracting network operators and equipm

South Korean tech giant Samsung Electronics Co. plans to release a new budget smartphone this month in the country, industry sources said Friday, following the rising demand for cheaper handsets.South Korea's No. 2 mobile carrier KT Corp. will become the exclusive distributor of the Galaxy J7, priced around 300,000 won ($257.69), the sources said. The price could go down to the 100,000 won range if discounts are taken into consideration.The move apparently follows the release of the LUNA smartph

South Korea's No. 2 tech giant LG Electronics Inc. said Thursday it has clinched agreements with local credit card firms in preparation for the launch of its own payment tool.LG Electronics said it has agreed with Shinhan Card Co. and KB Kookmin Card Co. to join ties for its mobile payment system, dubbed LG Pay. The company has not yet opened the launch date of the service.LG said it will conduct various tests of the new payment system with the credit card companies.LG's bigger local rival, Sams

South Korean tech giant Samsung Electronics Co. gained ground in the global chip and panel markets in the third quarter from a year earlier, but the company saw its handset and TV shares continue to remain dull, data showed Thursday.Samsung took up 44.9 percent of the global dynamic random access memory chip market in the third quarter in terms of sales, rising from 39.6 percent posted in 2014, the data compiled by DRAMeXchange showed.Samsung's display panels held 21.9 percent of the global mark

POSCO ICT Co., a unit of South Korea's leading steelmaker POSCO, said Tuesday it will make efforts to sell its airport baggage system overseas amid the launch of new airports in China and the Middle East.The company, which has operated the system in South Korea's main gateway, Incheon International Airport, since 2001, said it has completed the development of the solution to fit mid-sized airports as well, targeting emerging countries around the globe.The Baggage Handling System helps distribute

South Korea's LG Display Co. maintained its top position in the large-sized panel market for the sixth consecutive year, data showed Tuesday, coming in far above other South Korean and Taiwanese rivals.LG shipped 39.4 million units of display panels 9 inches or higher in the July-September period with a share of 22.5 percent, the data compiled by industry tracker IHS showed. It marked the 24th consecutive quarter for LG to sit on the throne in the segment.Its local rival, Samsung Display Co., fo