South Korea's smartphone sales promising from global boom

South Korea's tech players will be able to boost their smartphone sales this year as they concentrate more on moderately priced models while global demand is likely to grow to a new high, local analysts said Wednesday. "Samsung Electronics Co. is expected to sell 370 million units around the world in 2014," said Lee Seung-woo, an analyst at IBK Investment & Securities Co. "The number is above the 319 million units estimated a year earlier."    Lee based the strong outlook on Samsung's strategy with inexpensive models when the market for high-end products is becoming saturated, with added complications from ongoing patent suits with its U.S. rival Apple Inc.