South Korean cell phone makers Samsung and LG Electronics might be Nos. 2 and 3 in the global handset market, respectively, but they have lagged in the development of a smartphone powerhouse, such as the iPhone or BlackBerry, according to industry observers. Can they catch up? Analysts say the pair have the know-how and brand awareness to gain ground, but to succeed they will have to spend quite a bit of time and money on the effort.
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