2014 will be the year when wearable technology takes off.
Samsung burst onto the smartwatch scene last year .
But the electronic giant's tag line haven't really worked with consumers.
The company recently rolled out an upgraded Galaxy Gear smartwatch that allows users to control home appliances by remote.
And with the Apple iWatch and Google Glass due to hit shelves this year, the stage has been set for a fierce competition to win consumers over with the latest wearable gadgets.
"We need to build our own software for wearables. While Samsung's Smartwatch is powered by Google Android, Google Glass uses its own software."
Korean companies are also jumping into another hot battleground this year -- the so-called IoT market, or Internet of Things, connecting objects to objects.
Take this service for example.
Press a button on your smartphone, and your car engine starts.
If someone tries to break into your car, an alarm goes off in the car and on your smartphone.
"By combining our IoT technology and a car servicing company, we've created a new service that allows you to monitor your car wherever you are."
Now, there is a familiar area in which electronics companies will try to make a comeback and that's TVs -- Ultra High Definition TVs to be exact.
Ultra HD TVs offer four times the resolution of regular HD TVs, and the technology is expected to be the main driver of TV sales this year,. especially with the upcoming Winter Olympics and World Cup.
IT products by Samsung and other Korean companies were major contributors to the Korean economy in 2013.
"Exports of IT products hit a record high last year,…. making up nearly a third of the country's overall exports. Korea, however, faces new challenges this year with smartphones no longer considered a safe 'cash-cow.' The big question is -- will Korean players remain as movers and shakers of the industry.
Yoo Li-an, Arirang News."