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The Korea Herald

Tech

December 28, 2020
E-commerce‌ ‌giant‌ ‌launches‌ ‌video‌ ‌streaming‌ ‌service‌ ‌Coupang‌ ‌Play‌ ‌ ‌

Coupang,‌ ‌one‌ ‌of‌ ‌Asia‌’‌s‌ ‌largest‌ ‌eCommerce‌ ‌companies,‌ ‌on‌ ‌Dec.‌ ‌28‌ ‌said‌ ‌that‌ ‌it‌ ‌added‌ ‌video‌ ‌streaming‌ ‌as‌ ‌its‌ ‌latest‌ offering‌ ‌to‌ ‌WOW‌ ‌members‌ ‌with‌ ‌the‌ ‌launch‌ ‌of‌ ‌Coupang‌ ‌Play.‌ ‌ ‌ ‌ ...
December 01, 2020
Naver Cloud, GS Global join hands for overseas market

Naver Cloud and GS Global will collaborate on their overseas services, the companies said on Dec. 1. The new alliance with GS Global gives Naver Cloud a channel to liaise with large-scale corporate clients in target countries, while GS Global will gain an opportunity to expand into the informatio...
November 30, 2020
Apple to make harder push in Korea with 2nd Apple Store

Apple Korea announced on Nov. 30 that it would open its second South Korean store in Yeouido, the financial district in northwestern Seoul, as part of a strategy to expand its sales and services in the country. Although the Seoul branch didn’t reveal an official date for the opening of the new ...
November 23, 2020
Nexon seeks global biz boost with PUBG-style shooting game

After a major regulatory setback in China, Nexon is striving to turn things around in other regions by releasing a new first-point-shooter game that offers a twist on Krafton’s PlayerUnknown’s Battlegrounds, a battle royale shooter that pits 100 players against each other. According to the Sout...
November 18, 2020
Netmarble seeks turnaround with newly released Seven Knights 2

Netmarble on Nov. 18 that launched its massively multiplayer online role-playing game Seven Knights 2 in Korea, drawing attention to whether the much-anticipated game will be able to compensate for the company’s lackluster performance in the third quarter. As a sequel of Seven Knights, launched ...
November 18, 2020
Kakao sets new standards for digital wallet

Kakao said on Nov. 18 that it would add a digital wallet feature to South Korea’s largest messenger application KakaoTalk. The company will also start introducing new subscription-based services via the messenger application. Kakao’s co-CEOs Yeo Min-su and Cho Soo-yong introduced new features t...
November 05, 2020
Kakao posts record earnings in Q3

Kakao, the operator of South Korea’s largest mobile messenger platform, announced on Nov. 5 that the company had posted record-high sales and operating profit in the third quarter this year. The company’s sales in the three-month period reached 1.1 trillion won ($973.38 million), up 41 percent ...
October 22, 2020
Kakao to raise $300m in Singapore to muster up M&A dry powder

South Korea‘s internet giant Kakao is planning to issue $300 million worth of exchangeable bonds to accumulate the dry powder for its future mergers and acquisitions activities, the company said in a filing on Oct. 22. The US dollar-denominated exchangeable bonds will be issued privately on Oct....
October 06, 2020
Naver fined for manipulating search algorithms

South Korea‘s antitrust regulator on Oct. 6 imposed a 26.7 billion won ($22.9 million) fine on Naver, accusing the company of manipulating search algorithms to favor its own online shopping business. Naver, in response, said the company will appeal the accusation and the fine, a record-high amou...
October 06, 2020
SKT, Microsoft team up to become ‘Netflix of video games’

To make a foray into the fast-growing South Korean console market, currently dominated by Japanese products -- Sony’s PlayStation and Nintendo’s Switch -- Microsoft has partnered with local telecommunications operator SK Telecom to promote its Xbox consoles. Last month, Microsoft and SKT togeth...
September 28, 2020
Kakao Pay eyes IPO next year

After the successful market debut of its online game unit earlier this month, South Korean mobile messenger giant Kakao is gearing up for another initial public offering next year, this time with its payment services unit, industry sources said on Sept. 28. Kakao Pay is set for an IPO during the ...
September 24, 2020
Netmarble launches storytelling game BTS Universe Story, second collaboration with BTS

Netmarble launches storytelling game BTS Universe Story, second Netmarble said on Sept. 24 that it has launched BTS Universe Story in 173 countries, a storytelling game featuring 3D-scanned avatars of RM, Jin, Suga, J-Hope, Jimin, V, and Jungkook. According to the South Korean game maker, in BTS...
September 10, 2020
Kakao Games makes stellar stock market debut, lands No. 5 on Kosdaq

Kakao Games, the gaming arm of South Korean mobile messenger giant Kakao, made a strong market debut on the tech-heavy Kosdaq on Sept. 10, trading at more than double of its initial public offering price. Shares of Kakao Games began trading at 48,000 won ($40.49), twice the offering price. The op...
September 07, 2020
Game sector benefits most from launch of K-New Deal indexes

In line with President Moon Jae-in administration’s “Korean New Deal” economic stimulus package, the nation’s sole bourse operator on Sept. 7 launched indexes that will be tracked by a 20 trillion won ($16.85 billion) “New Deal Fund.” On its first day, game indexes enjoyed a rally. The Kore...
September 07, 2020
Number of KakaoPay Securities subscribers reaches 2 million

KakaoPay Securities, the stock brokerage arm of mobile messenger giant Kakao, said Sept. 7 that it saw its number of subscribers exceed 2 million some six months after the firm’s official launch on Feb. 27. The number of stock trading accounts has been on an upward trend ever since -- 600,000 in...

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