LG Electronics, the world’s third-largest mobile handset maker, said Thursday that it has set this year’s global sales target at 59 trillion won (US$52.03 billion), up around 10 percent from last year.
LG, also the world’s …

The government will spend 610 billion won (US$522 million) by the end of 2014 to boost the country’s competitiveness in cloud computing, one of the latest information technology services, government officials said Wednesday.
Cloud computing allows …

LG Display said Monday it has agreed to invest US$30.5 million in a Taiwanese display maker, aiming to expand its product portfolio.
The world’s second largest maker of liquid crystal displays (LCDs) agreed Monday to buy …

KT, South Korea’s second-largest mobile operator, said Monday that it will purchase a 25 percent stake in Omnitel China in a bid to tap the Chinese telecommunications market.
Omnitel China, a mobile contents provider, is a …

Hynix Semiconductor, the world’s second-largest chip maker, will invest 2.3 trillion won (US$1.96 billion) next year on its manufacturing infrastructure, the company said Thursday.
Hynix said the money will be spent on improving productivity and the …

Samsung Electronics, the world’s largest maker of liquid crystal display (LCD) panels, said that it will invest 484.6 billion won (US$418 million) to expand its eighth-generation LCD production line.

The government plans to spend 2.17 trillion won (US$1.86 billion) next year to update its public sector electronic infrastructure, government officials said Thursday.
The sum represents a 7.4 percent gain from this year and is part …

South Korea plans to offer more incentives to attract increased foreign research and development (R&D) centers that can improve the country’s technological competitiveness, a government official said Tuesday.
Deputy Knowledge Economy Minister Lee Dong-geun said in …

The South Korean government and private sector will jointly inject 58.4 billion won (US$50.5 million) over the next three years into building up the local semiconductor manufacturing equipment sector, government officials said.
The Industry and Ministry …

The South Korean electronics industry plans to pour a combined 4 trillion won (US$3.4 billion) into the development of light emitting diode (LED) technologies over the next three years, government officials said Tuesday.
The investment, unveiled …