The brand rankings of South Korea's Hyundai Motor Co. and its sister Kia Motors Corp. slipped compared with the year before in the latest automakers assessment released by Consumer Reports magazine on Tuesday.The U.S. magazine said Hyundai, which received 60 points, placed 16th among the 23 high-volume car brands appraised. Kia came in at 15th by earning 61 points in the latest Car Brand Report Cards.The numbers reflect a drop for both South Korean carmakers, which finished 14th and 11th, respec

South Korea's Samsung Electronics Co. is quickly catching up on Sony Corp. in the Ultra HD TV sector, expanding its foothold in one of the Japanese firm's most successful business areas, data showed Wednesday.The world's No. 1 maker of TVs held 14.9 percent of the global UHD TV market in the fourth quarter of 2013, narrowing its gap with Sony which commanded 18.2 percent, according to market researcher DisplaySearch.Following the rise of South Korean and Chinese tech giants, the once unchallenge

LG Innotek, the world’s largest smartphone camera module maker, said Tuesday that it is aiming to take the lead in the global automotive camera module market by beefing up its workforce and expanding product lineups. “For the last three years LG Innotek paved the way to get a foothold in the market for automotive camera modules, and we successfully rolled out front-view camera modules,” said the company in a press release. “We believe it is now time to make a full foray into the global market.”T

Pantech Co., South Korea's No. 3 handset maker, is expected to file for a debt workout program later in the day to get back on its feet again amid a cash crunch, industry sources said.The filing came some two years after Pantech was released in December 2011 from its five-year debt workout program.Pantech trails after Samsung Electronics Co. and LG Electronics Inc. It once overtook LG Electronics in 2010 to become the country's No. 2 smartphone maker, thanks to strong sales of its Vega smartphon

The following is the keynote speech from Lee Sir-goo, CEO of KakaoTalk, at the Mobile World Congress. -Ed.My name is Sirgoo Lee, and it is a great honor to be presenting to such a distinguished audience today. I would like to especially thank the GSMA, and especially Director General Anne Bouverot, for inviting me to speak at this prestigious event.The theme of this panel is ‘Mobile Disrupted.” As such, I would like to talk about disruption and also innovation in the mobile industry today, seen

Apple Inc. and Samsung Electronics Co. told a judge they again failed to settle their dispute over smartphone technology, with their next trial in federal court in California set to begin March 31.Apple CEO Tim Cook, Samsung mobile chief Shin Jong-kyun and other executives from both companies attended a full-day session with a mediator in the first week of February, and representatives from both sides had several follow-up phone calls with the mediator, according to a joint status report filed l

The Mobile World Congress 2014 kicked off Monday in Barcelona, where global tech giants are set to roll out their latest smartphones along with more affordable sister products.Hosted by the Global System for Mobile Communications Association, around 1,700 firms, the largest ever number of participants, from 220 countries are expected at this year’s MWC running through Thursday under the theme “Creating What’s Next.”Global tech players, including South Korea’s Samsung Electronics Co. and LG Elect

Dongbu Daewoo Electronics is expected to start anew this week as it relocates its headquarters to southern Seoul.The company, which was acquired by Dongbu Group a year ago, will move from Myeong-dong into the group’s headquarters this Friday in Gangnam, where other domestic tech heavyweights such as Samsung Electronics and SK Hynix are located.A Dongbu Daewoo Electronics official said, however, that it would be the “same business” as usual for the company, despite media reports that the relocati