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Office-sharing firm Sparkplus announced Dec. 17 that it has signed a partnership deal with tech startup Kasa Korea. According to Kasa Korea, it is planning to launch a blockchain-based funding platform that would make it possible for people without much money to indirectly and collectively fund re...
Samsung Electronics is widely expected to maintain its No. 1 status in the global smartphone market this year, but its Chinese rival Huawei Technologies will narrow the gap with the world’s largest smartphone maker in terms of market share, an industry report showed Dec. 12. The South Korean t...
The number of pay TV subscribers in South Korea reached 33 million in the first six months of the year, up 540,000, or 1.67 percent, from the second half of last year, data showed Dec. 12. The figure includes pay subscribers to system operators, satellite broadcasting services and IPTV service ...
SK Telecom and Samsung Heavy Industries said Dec. 10 their 5G-powered remote control ship operation test was successful. A 3.3-meter model ship made by Samsung Heavy sailed successfully in the sea near the shipbuilder‘s shipyard in Geoje, South Gyeongsang Province, using SKT’s 5G network, the...
Korean investors have been turning their attention toward the real estate market, reflected in an increase in mortgage lending, while cash flows in the equity market have been overall stagnant, recent data showed. According to data released by the Bank of Korea last month, the outstanding balance ...
Telecom giant KT’s disease control platform recently launched in Kenya, widening reach in the African continent. KT’s Global Epidemic Prevention Platform will be locally serviced by the nation’s biggest telecom provider Safaricom, and will be called Safari Smart, meaning “smart travel” in Swa...
The financial arm of South Korea’s leading portal operator Naver said Dec. 4 it has joined a cross-border mobile payment alliance with its Asian partners. The collaboration enables the four companies’ nearly 80 million users to make electronic payments at stores that use Naver Pay, Line Pay a...
US chipmaker Intel said Dec. 4 that it will focus on “edge computing” that could hold the key to the success of artificial intelligence in the future. Edge computing refers to the practice of storing data on computers located near cell towers and other network equipment to improve network res...
A Seoul court ruled in favor of South Korea’s antitrust regulator Dec. 4, saying its decision to impose a record fine on US chipmaker Qualcomm was justifiable. The ruling would be a setback for Qualcomm, which appealed the Fair Trade Commission’s 2016 decision to fine the company 1.03 trillio...
Online purchases in South Korea continued to show solid growth in October, government data showed Dec. 3, demonstrating the popularity of smartphones, fast delivery and convenient payment options with local shoppers. The total value of transactions made with computers, smartphones and tablets r...
Telecom firm KT said Dec. 2 its hotel service robot, enabled by artificial intelligence and other cutting-edge technologies, made its official debut in a Seoul hotel. The AI hotel robot, dubbed N bot, started its official service at Novotel Ambassador Seoul Dongdaemun Hotels & Residences, to se...
From smart farming to three-wheeled electric vehicles, cutting-edge technologies of South Korean companies are in the limelight at the ASEAN-ROK Innovation Showcase 2019, being held on the sidelines of the 2019 ASEAN-Republic of Korea Commemorative Summit in Busan. Korean firms -- conglomerates as...
CJ ENM, South Korea’s entertainment and media powerhouse, said Nov. 21 that it has signed a long-term strategic partnership deal with global online video streaming platform Netflix to create and distribute contents. Under the partnership, CJ ENM and its drama production affiliate Studio Dragon, w...
The merger of Naver’s Line and SoftBank’s Z Holdings, formerly known as Yahoo! Japan, to create a $30 billion tech company will take the popular messaging app private first, making Line creator Shin Jung-ho a millionaire. To carry out the merger, Line and Z Holdings will buy back 23.5 percent st...
The merger of Naver’s Line and SoftBank’s Z Holdings, formerly Yahoo! Japan, has come at a time of soured bilateral relations over unresolved historical issues between the two East Asian countries. That is how desperate tech companies in South Korea and Japan are trying to beat the growing domina...
Korean builders nervous about possible setbacks in Middle East
HD Hyundai chair receives honorary doctorate from HUFS
SC Bank Korea offers special interest rate for new members
Hyundai-Kia marks 40 years of partnerships with over 100 suppliers: report
Samsung expected to introduce new Exynos processor in next Galaxy series
Woori, KB ink QR code payment partnership with Cambodia