KOREAN CLUSTER: The company is hoping to capitalize on South Korea's highly wired market, while Seoul wants to attract as many high-tech research labs as it can
US high-tech giant Intel Corp said yesterday it had agreed to open a research center in South Korea, the world's leading high-speed broadband market.

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Intel Corp, the world's largest maker of semiconductors, said it may have to modify its Centrino chips in China because of a law forcing imports to use local encryption technology.

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INVESTMENT TIPS: The world's second richest person said he saw few bargains in stocks but would hold onto his junk bonds and had been speculating on currencies
Warren Buffett, with cash piling up at Berkshire Hathaway Inc, said he invested US$12 billion in currencies, held onto most of his high-yield, high-risk bonds and regretted not selling some of Berkshire's stock holdings.

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Singapore Telecommunications (SingTel) and Japan's NTT DoCoMo yesterday announced plans for a joint wireless Internet service in both countries.

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The record industry is hoping that a little magic will solve its problems with online piracy by file sharers.

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Fujitsu Hitachi Display Ltd, the world's biggest maker of plasma display panels for televisions, is expanding production as early as next year, the company said.

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■ Online music
Virgin to offer new service
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