South Korean tech giant Samsung Electronics Co. saw its quarterly TV sales hit a record high during the preceding quarter on the back of rising demand for premium TV sets, data showed Sunday.Samsung, the world's largest flat TV maker, is estimated to have sold some 16.11 million units of flat-panel TVs during the October-December period, a record high on a quarterly basis, according to the data compiled by market researcher DisplaySearch.Samsung's market share stood at 28.3 percent during the fo

Samsung Electronics Co., the world's largest maker of smartphones, unveiled its first wearable devices that run on its own mobile operating system Tizen in Spain on Sunday, as it seeks to break its heavy reliance on Google Inc.'s Android software.The unveiling of the Samsung Gear 2 and Gear 2 Neo, Samsung's successors to the Galaxy Gear, which was released in September last year, also comes as the South Korean tech giant is struggling with a slowdown in its sales of high-end smartphones.The two

South Korea's telecom and science ministry said Sunday that it has drawn up detailed events for a global conference on information and communication technologies (ICTs) slated to start in the country in October.South Korea is set to host the 19th International Telecommunications Union (ITU) plenipotentiary conference in Busan, the country's largest port city, from Oct. 20 through Nov. 7.The conference, which is held every four years and comprises ITU's 193 member states, decides on the strategic

South Korea's No. 2 tech giant LG Electronics Inc. said Friday it won a patent battle with U.S.-based non-practicing entities.Technology Properties Limited had filed a petition against LG in July 2012, claiming the South Korean firm infringed its patent on application processors, which function as the "brain" of smartphones.The U.S. International Trade Commission cleared LG Electronics of the accusations, making its preliminary conclusion in September last year official."LG has been asserting th

With Samsung Electronics Co., the world's No. 1 smartphone maker, out to prove its dominance at the Mobile World Congress 2014 next week, smaller players are set to scramble for niche markets at one of the industry's highlight events.The event opens a month after the U.S. Consumer Electronics Show in Las Vegas, where South Korea's Samsung Electronics, LG Electronics Inc. and other Chinese and Japanese players fought it out for a technological lead in the display sector.Samsung and its rivals are

Shares of Naver Corp., South Korea's top Internet portal operator, dropped more than 8 percent on Thursday on concerns that its free chat service LINE would face increased competition following Facebook Inc.'s takeover of WhatsApp, the largest free messenger service provider in the North American region with a user base of 450 million.Naver sank 8.13 percent to close at 689,000 won ($642) on the Seoul bourse after falling to as low as 687,000 won at one point. Its market cap stood at 22.7 trilli

South Korea's tech giant Samsung Electronics Co. launched the world's first curved Ultra HD TV, enabled with panorama view and split screen, in its home turf Thursday.The release in Seoul came roughly a month after the company showcased the curved display models at the U.S. Consumer Electronics Show in Las Vegas.Samsung said its curved UHD TVs are sold in various sizes, including the world's largest 105-inch model, and smaller versions at 78, 65 and 55 inches. The firm added it will continue to

South Korean tech behemoth Samsung Electronics Co. on Thursday launched its latest Android camera at home, expanding its portfolio of electronic gadgets that operate on mobile networks.The Galaxy Camera 2, which came two years after Samsung released its first Galaxy camera in 2012, can be directly connected to Wi-Fi, allowing users to upload pictures on social media such as Twitter and Facebook.Samsung said the latest "smart camera" is also equipped with the near-field communication (NFC) techno

China has told North Korea that it will "never allow war or chaos" on the Korean Peninsula, in a clear warning against the North's unpredictable leadership and pursuit of nuclear weapons, while Pyongyang reiterated that denuclearization of the peninsula was a "dying wish" of its late leader Kim Jong-il. China's Vice Foreign Minister Liu Zhenmin, who has been on a four-day visit to North Korea since Monday, and the North's top diplomats, including Foreign Minister Pak Ui-chun and top nuclear envo

South Korean brokeragie houses suffered big losses in the fourth quarter of last year, largely due to a fall in commission income and increased costs, data showed on Thursday.The combined losses by 62 brokerage firms came to 206 billion won ($193 million) during the October-December period, widening from losses of 23.3 billion won in the third quarter of last year.The fourth-quarter figure also compares with a profit of 119 billion won in the second quarter of last year, according to the data co

U.S. Internet giant Google Inc., which has been relatively slow in expanding market presence in South Korea, was fast catching up to local rivals in advertisement sales last year, industry sources said Thursday.According to the sources who have access to internal data, Google raked in some 100 billion won ($93.8 million) in revenue from its online display adverts in South Korea last year, a significant improvement from the 40 billion won posted a year earlier.Google's robust performance raised 

South Korea’s No. 2 tech giant LG Electronics Inc. said Wednesday it has clinched a deal with U.S. entertainment company Warner Bros. to carry 3-D movies on its smart TV lineup.LG said Warner Bros. Entertainment Inc. will supply 30 movies in 3-D to “3D World,” a content market launched for LG’s smart TV models.The blockbusters will include “Gravity,” “Man of Steel” and “Pacific Rim,” and the service will be provided in seven countries including the U.S., U.K., Germany, Russia and South Korea.The