South Korea's No. 3 smartphone maker, Pantech Co., under a court receivership, is set to be available for sale in the near future, industry sources said Wednesday, in a move to get the company back on its feet.    The latest development came as the Seoul Central District Court gave the nod to Pantech's plan to post itself on the market for sale, a month after it commenced the troubled firm's court receivership program.   Pantech's creditors, led by the Korea Development Bank, will accept bids fr

The country's top portal operator Naver Corp. has decided against listing its Japan-based affiliate Line Corp. in the U.S. and Japanese stock market this year, the company said on Monday.In a regulatory filing, Naver said that while it is still considering the overseas IPO of Line, which operates a popular messaging application of the same name, it has yet to reach a conclusion. It added that it will issue a regulatory filing within six months when further progress is made."We considered an IPO

LG Electronics, South Korea’s No. 2 tech player, said Monday that its first flip-style smartphone, which will come with a button allowing users to directly connect to the popular KakaoTalk messenger application, will go on sale later this week.The smartphone, dubbed the Wine Smart, comes with a 3.5-inch display and an 8-megapixel rear camera, along with a 1,700mAh battery. It runs on the long-term evolution network and is powered by Android 4.4 KitKat. Sales will start on Friday.The new phone’s

LG Electronics Inc., South Korea's No. 2 tech giant, said Friday it has successfully won a Guinness World Record title for its new billboard installed in Saudi Arabia, which boasts a size of two football fields using 1,800 tons of steel.The 250-meter-wide, 12-meter-high sign, constructed near King Khaled International Airport next to Riyadh, is expected to be observed by 20 million users of the country's gateway per year and generate a wealth effect of around US$25 million annually for LG, the c

A United Nations agency for information and telecommunications will discuss the allocation of a global radio frequency for air-ground satellite communication following the failure of a painstaking multinational search to find a missing Malaysian airplane, government officials said Wednesday. The Ministry of Science, ICT and Future Technology said the International Telecommunications Union will first address the issue when senior officials and experts gather for a conference to be held in the Sou

LG Electronics, South Korea’s No. 2 maker of handsets, provided a teaser Tuesday of what looks to be its first flip-style smartphone. LG’s website showed a dim image of a flip-style handset dubbed the “LG Wine Smart.” If released, the Wine lineup will become the oldest existing handset brand in South Korea.First launched in 2007, LG’s Wine series has been one of the key brands in the local handset market. The latest model, Wine Phone 5, came out in April 2012 and ran on the second-generation net

Samsung Group’s de-facto head Lee Kun-hee, who has been hospitalized due to a heart attack since May, saw the value of his share holdings in the conglomerate plunge 7.19 percent from four months earlier, data showed Tuesday, with the decline led by Samsung Electronics’ lackluster performance.Lee’s holdings came to 10.6 trillion won ($10.2 billion) as of Friday, compared to the 11.5 trillion won posted on May 31, the data compiled by market tracker FnGuide showed. Along with smaller shares in oth