South Korea's No. 2 handset maker, LG Electronics Inc., is anticipated to ship more than 60 million units of smartphones in 2014, analysts said Monday, backed by its robust sales of the G3 flagship model."While the competition in the smartphone sector is set to escalate over the second half, the G3 model will continue to gain ground before the launch of the new iPhone," Kiwoom Securities Co. said in its report, adding the local rival of Samsung Electronics Co. will post annual sales of 62 millio

SK Telecom Co., South Korea’s leading mobile operator, said Friday its second-quarter net profit edged up 6.4 percent from a year ago on reduced marketing costs amid business suspensions.Net profit came to 497.6 billion won ($482.68 million) in the April-June period, compared with 467.7 billion won tallied a year earlier, SK Telecom said in a regulatory filing.Revenue rose 4.6 percent on-year to 4.3 trillion won, while operating profit gained 0.1 percent to 546 billion won.Analysts surveyed by i

Samsung Electronics Co., the world’s top maker of smartphones, said Thursday its second-quarter net profit fell 19.5 percent from a year earlier as its mainstay handset business suffered from rising competition in the global market.Net income came to 6.25 trillion won ($6.1 billion) in the April-June period, compared with 7.77 trillion won a year earlier, the company said in a regulatory filing. Sales fell 8.89 percent on-year to 52.35 trillion won in the second quarter. Its operating profit cam

South Korea’s tech giant Samsung Electronics Co. said Thursday it would start sales of the industry’s first bendable ultra HD TV this week.The 78-inch UHD TV, to be available for preorders in Seoul from Friday, has adopted “UHD Dimming” technology, as well as a “Black Crystal Panel,” to provide users with a more vivid screen, Samsung said.“Users can enjoy a different experience through the bendable UHD TV,” said Kim Hyun-suk, an official from Samsung’s display division. “We will continue our eff

South Korean stocks ended lower on Thursday, snapping its four-session winning streak as investor sentiment was battered by sluggish second-quarter corporate earnings by tech companies, analysts said. The South Korean won fell against the U.S. dollar.The benchmark Korea Composite Stock Price Index shed 6.49 points, or 0.31 percent, to 2,076.12. Trading volume was moderate at 377.4 million shares worth 5.98 trillion won ($5.82 billion), with losers outpacing gainers 427 to 382. The KOSPI surged t

Samsung Electronics Co., the world's top maker of smartphones, said Thursday its second-quarter net profit fell 19.5 percent from a year earlier as its mainstay handset business suffered from rising competition in the global market.Net income came to 6.25 trillion won (US$6.1 billion) in the April-June period, compared with 7.77 trillion won a year earlier, the company said in a regulatory filing.Sales fell 8.89 percent on-year to 52.35 trillion won in the second quarter. Its operating profit ca

South Korea’s tech giant Samsung Electronics Co. saw its market share in the smartphone industry plunge in the second quarter from a year earlier, data showed Wednesday, dented by the rise of Chinese players vying with low-end models.Samsung took up 25.2 percent of the global smartphone market in the April-June period, down 7.1 percentage points from the 32.3 percent posted last year, the data compiled by market researcher IDC Corp. showed. It shipped a combined 74.3 million units of smartphones

With less than 80 days until the landmark ITU Plenipotentiary Conference in Busan, the Ministry of Science, ICT and Future Planning said it would zero in on promoting the global IT event beginning Aug. 1.The ministry said Wednesday that it will use Busan’s resources and summer festivals to display the ITU logo and introduce the global event on the streets to the some 1 million people who visit the coastal city during their summer break each year.Korean athletes, TV stars and singers, including J

South Korea's tech giant Samsung Electronics Co. saw its market share in the smartphone industry plunge in the second quarter from a year earlier, data showed Wednesday, dented by the rise of Chinese players vying with low-end models.Samsung took up 25.2 percent of the global smartphone market in the April-June period, down 7.1 percentage points from the 32.3 percent posted last year, the data compiled by market researcher IDC Corp. showed. It shipped a combined 74.3 million units of smartphones

South Korea’s tech giant Samsung Electronics Co. is the most popular smartphone brand in a handful of emerging markets, a survey showed Monday, outdoing rivals at home and abroad such as Apple Inc. of the United States and local competitor LG Electronics Inc.In the poll conducted by Credit Suisse Research Institute on 15,873 users from nine emerging countries ― Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa and Turkey ― around 30 percent responded that given the choi