south korea

Samsung Forecasts Weaker Fourth Quarter on Falling Prices

Samsung Electronics (SSNHY), the world%u2019s biggest maker of TVs, expects weaker fourth quarter earnings because of lower prices and a stronger South Korean won. The fourth quarter will see "severe" competition in TV prices, Samsung said, according to Bloomberg News. There will be excess supply in the computer-memory chip market and persistent low prices in the market for liquid-crystal displays, Samsung said.

Can G-20 Prevent a Currency War?

The G-20 has a second chance to diffuse world currency tensions Friday and Saturday, when finance ministers and central bank governors meet in South Korea.

Samsung Delays Korea Tablet Debut

Samsung Electronics (SSNHY) will delay the introduction of its Galaxy Tab tablet computer in South Korea while it equips the device with superior applications for the domestic market. Samsung cancelled plans to show the new product to local media on Oct. 14, Bloomberg News said. The company has not yet set a new date.

Authorities Probe Potential Steering Problem in Hyundai Sonata

The National Highway Traffic Safety Administration is looking into potential steering problems in some 2011 Hyundai Sonatas. The probe is based on two incidents that the company reported through the government%u2019s "Early Warning Reporting" system, CNN said.

How a Starcraft Pro Lives Off the Game

Geoff "iNcontrol" Robinson is one of America's top pro-athletes. His game -- Starcraft. His earnings playing the popular video game and, more significantly, coaching other gamers give him a lifestyle he loves.

Facebook Closes Accounts Claiming to Be From North Korea

Social-networking site Facebook closed down two accounts that claimed to be from North Korea. "If a person poses as a person or entity that you don%u2019t officially represent, that becomes a violation of our policy," said Facebook spokeswoman Kumiko Hidaka, according to Bloomberg News. "Facebook is based on real people that are on there making connections and people are going to get the most value of the site if they%u2019re using real identities."

South Korea Pours Cold
Water on Gold Rush

While gold bugs believe the world's central banks will rush into gold, central bankers haven't gotten the memo. The Bank of Korea becomes the latest to downplay the notion that it will buy gold to diversify out of the dollar.