South Korean chipmaker Samsung Electronics Co. retained the No. 2 spot in the world’s semiconductor market for the second consecutive year in 2013, bridging the gap with market leader Intel Corp., industry data showed Sunday.According to the data by industry tracker IHS iSuppli, Samsung’s chip sales rose 8.2 percent on-year to $33.82 billion last year, with its global market share rising to 10.6 percent from 10.3 percent.In contrast, market leader Intel’s shipments fell 0.9 percent on-year to $4

  South Korean chipmaker Samsung Electronics Co. retained the No. 2 spot in the world's semiconductor market for the second consecutive year in 2013, bridging the gap with market leader Intel Corp., industry data showed Sunday.   According to the data by industry tracker IHS iSuppli, Samsung's chip sales rose 8.2 percent on-year to $33.82 billion last year, with its global market share rising to 10.6 percent from 10.3 percent.   In contrast, market leader Intel's shipments fell 0.9 percent on-ye

South Korea’s mobile carriers said Thursday they will establish a joint surveillance team to eradicate the chronic problem of subsidies that have brought on a series of business suspensions and fines by the government.The country’s three mobile carriers ― SK Telecom, KT Corp. and LG Uplus ― issued a joint statement at the Ministry of Science, ICT and Future Planning admitting they had distorted the market through their battle to attract new users.The announcement came two weeks after the telecom

Samsung Electronics announced that its latest smart watch and fitness tracker Samsung Gear 2 and Gear Fit will be priced at $295 and $197, respectively.The price information came from Taiwan Wednesday, where the Korean smartphone maker first introduced the wearable devices.Samsung officials here in Korea also confirmed the reports on the latest development.The price for the Samsung Gear 2 is a little lower than the initial price for the Galaxy Gear, which came with a $300 price tag. The release

South Korea's No. 2 tech giant LG Electronics Inc. said Wednesday it plans to release its first smartwatch in the second quarter of this year, jumping into another battle with Samsung Electronics Co. in the wearable market.Jointly developed with U.S. Internet giant Google Inc., the LG G Watch is powered by Android Wear, an operating system optimized for wearable devices, and will be connected to all Android smartphones, the company said.LG said its "OK Google" feature will allow users to find in

South Korea’s state-run auditor has launched a probe into the ICT Ministry on suspicions that it ignored regulations in allowing U.S. Internet giant Google Inc. to operate a mobile payment business here, industry sources said Tuesday.The Ministry of Science, ICT and Future Planning authorized Google Payment Korea Ltd. in June 2011. While South Korean telecom law requires mobile transaction service providers to have at least five staff members with more than two years of related job experience an

More South Koreans are switching to smartphones and tablet PCs for their television viewing, with most having just one TV set at home, latest data showed Tuesday.The findings by the Korea Information Society Development Institute showed that 76.6 percent of South Korean households had one TV set at home last year, up from 70.9 percent and 69.7 percent in 2012 and 2011, respectively.The survey was conducted on approximately 5,000 households nationwide in 17 major cities, with researchers making d

South Korea's state-run auditor has launched a probe into the ICT ministry on suspicions that it ignored regulations in allowing U.S. Internet giant Google Inc. to operate a mobile payment business here, industry sources said Tuesday.The Ministry of Science, ICT and Future Planning authorized Google Payment Korea Ltd. in June 2011. While South Korean telecom law requires mobile transaction service providers to have at least five staff members with more than two years of related job experience an