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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...
South Korean internet giant Naver and Japan’s SoftBank on Nov. 18 announced that they agreed to merge messenger app Line and portal Yahoo! Japan in a deal that is set to create the largest Japanese mobile platform. By uniting, Naver and SoftBank will each hold 50 percent of the merged company. Cu...
South Korea’s e-commerce market has several big players -- Coupang, 11st Street, WeMakePrice and G-market -- which are engaged in cut-throat competition and are gnawing at the business of offline retailers. But they are not necessarily preferred by young Koreans. According to App Annie, Generatio...
South Korean internet giant Naver’s shares soared 13 percent on Nov. 14 following news that its messenger app Line is mulling a merger with SoftBank-owned Yahoo! Japan. Japan’s media reports earlier said that SoftBank and Naver are considering to form a 50:50 venture that would control Z Holding...
YouTube on Nov. 13 introduced 12 promising game content creators selected for NextUp, the video streaming giant’s initiative to nurture creators. It was the first time the company carried out the program in South Korea and also the first batch focusing on game contents in Asia Pacific. “We start...
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