A fire broke out on Sunday at one of the data centers run by Samsung SDS, an information and communication technology service provider.The fire reportedly took place at 12:20 p.m. on the fourth floor of a data center located in Gwacheon, Gyeonggi Province, and spread to the floors above. The fire left an outer wall of the building and offices inside charred.A subcontract worker was injured due to the collapse of a wall, but no other casualties were reported, the company said. "We will fully coop

LG Electronics, one of the world’s leading consumer electronics manufacturers, said Sunday sales of its ultrahigh definition TVs have reached 900 units three weeks after they were put on the market.The company began selling the 49-, 55- and 65-inch versions of the TV sets on March 28. The company said of the three models on sale, the TV with the screen size of 49 inches accounted for half of the sales, thanks to its relatively affordable price of 2.9 million won ($2,800).UHD TVs have a screen as

(AFP) - After the tech euphoria of 2013, the fast-moving sector has hit a speed bump.The wobbly action of 2014 is still an open question: is this a correction, bear market or a bubble like the catastrophic dot-com boom and bust of 1999-2000.By some measures, segments of the tech sector look to be over the top, even after recent slumps."There are some astronomical valuations out there," says Roger Kay, an analyst who follows tech companies at Endpoint Technologies."That is a little troublesome be

South Korea will invest 15 billion won ($14.4 million) this year in fostering its Ultra HD industry to secure a competitive edge before the expected sales boom from global sports events, the telecom ministry said Thursday.The Ministry of Science, ICT, and Future Planning said it will inject 5.8 billion won to develop core devices needed in creating and transmitting UHD contents, such as cloud-based editing systems and a High Efficiency Video Coding encoder.It will also allocate 2.2 billion won t

South Korea’s top chipmakers are expected to see their earnings improve in 2014, with rising demands recouping losses from the falling prices of dynamic random access memory chips, analysts said Wednesday.Data from market researcher DRAMeXchange said that the fixed price of DDR3 2 Gb 256Mx8 1333 MHz chips, the standard in setting the price of DRAMs, came to $1.81 in the second half of March, down 8.1 percent from the $1.97 a year earlier.“While the price is on a downward trend, it is not as stee

Samsung Electronics on Wednesday rejected blame for ongoing confusion on talks over the deaths of workers from diseases possibly linked to working conditions at its semiconductor plants, claiming an about-face by victims’ families and their advocates. “We are extremely puzzled by the reaction from the activist group that had given us the proposals (about the talks),” a high-level official from Samsung Group said, demanding that he remain anonymous.The remark came a day after SHARP, an activist g

LG Electronics, Korea’s second- largest consumer electronics company, is moving to develop mobile application processors for smart devices, raising speculation that it is aiming to start rebuilding its long-lost semiconductor business, industry sources said.An LG Electronics spokesperson confirmed that the company will be mass-producing application processors “soon,” but did not further elaborate.However, an industry source familiar with the situation noted that LG Electronics will begin mass- p

  The vice chairman of Samsung Electronics Co., a global leader in semiconductors and mobile phones, said Wednesday that the company's non-memory chip sector is facing major challenges.   In a message sent to employees outlining prospects for the second quarter, Kwon Oh-hyun said that while the company's overall semiconductor sales rose in the first three months of 2014, the conditions for large scale integration (LSI) circuits were not upbeat.   These chips act as central processing units in sm