South Korean tech giant Samsung Electronics Co. will build a US$560 million industrial complex in Vietnam to produce consumer electronics (CE) to meet growing global demand for home appliances, the company said Thursday.   The complex will be built in the southern Vietnamese city of Ho Chi Minh on a plot of 700,000 square meters. The scheduled completion date of the plant was not specified.   Nguyen Phu Trong, general secretary of the Communist Party of Vietnam, delivered a formal written approv

Samsung Electronics Co., the world's largest mobile phone manufacturer, said Thursday that it has started near field communication payment service for its device users in China.   The company said it formed a partnership with UnionPay, China's sole bank credit card organization, for the service that is the first by a smartphone company in the world's second-largest economy.    The tieup with UnionPay, which controls 80 percent of China's offline payment market, is expected to give Samsung a head

Samsung SDS, Samsung Group’s key IT unit, has set the price range of its initial public offering at 170,000 won to 190,000 won ($161 to $180) a share, sources familiar with that matter said Tuesday. Samsung SDS suggested the expected range of its IPO price to Korea Exchange, the main bourse operator, multiple sources said. It is a little more than half of the 340,000 won a share the company’s shares were trading for on the over-the-counter market on Monday.Last week, the Korea Exchange approved

A South Korean venture firm has filed a complaint with the prosecution against Apple Inc.’s Seoul-based branch for patent infringement, sources said on Monday. Infozone, a mobile message solution provider, said that Apple’s iMessage service, which has been installed on iPhones since June 2011, infringed on Infozone’s patents for switching data-transmission networks based on the handsets of those receiving the messages.“If an iPhone user sends messages through iMessage to another iOS-powered user

The state-run postal office is planning to issue commemorative stamps for an upcoming meeting of the United Nations’ International Telecommunications Union set to open in Busan, according to government sources. The Ministry of Science, ICT and Future Planning said Korea Post will sell the stamps for the 19th International Telecommunications Union Plenipotentiary Conference, which will take place from Oct. 20 to Nov. 7 in Korea’s largest port city.Korea Post will issue about 1 million sheets of t

South Korea is falling further behind in its chip design industry compared to China, whose market growth is getting stronger, a report said Sunday.   China's fabless industry grew 28.1 percent last year from the previous year, marking sales of $5.76 billion, according to the report from the Korea Institute for Industrial Economics and Trade. The increase raised the country's global market share from 6 percent to 7 percent.   South Korea recorded $1.74 billion in sales, an increase of 2.6 percent

Ubiquitous digitization and how it will change peoples’ lives will be the focus for next year’s CeBIT conference, according to the organizers. “Digitization is everywhere and is shaping ever more dimensions of working and social life. IT is transforming existing business models while at the same time giving rise to completely new ones. The 2015 lead theme encapsulates this development perfectly,” said Oliver Frese, member of the Managing Board of Deutsche Messe AG, which organizes the CeBIT even

South Korea's top tech giant, Samsung Electronics Co., said Thursday it plans to stop sales of its low-end ATIV laptop lineup in Europe amid the slowing global PC market, following the path of its rivals.   "We will no longer launch new versions of the Google Chromebook and ATIV in the European market, and instead will focus on high-end laptops and tablet PCs down the road," an official from Samsung Electronics said.   The company, however, said it will maintain the PC business in other areas, i