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Struggling to innovate in a fast-changing, competitive market, South Korean banks have their eye on a new integrated financial service -- open banking. The service lowers the threshold for bank customers by allowing them to use virtually all banking services of different banks via a single mobile ...
Software will be key differentiator for companies in diverse biz sectors. Open source used to be considered to be dangerous and destabilizing by many tech titans. Microsoft, Ericsson and Nokia were some of those who were seen as antagonistic toward the open source movement. Their dazzling success...
Kakao, the operator of South Korea‘s top mobile messenger KakaoTalk, said Nov.7 its third-quarter net profit skyrocketed nearly six times higher from a year earlier on the back of robust revenue from its contents and ad businesses. Its net profit reached 51.1 billion won ($44 million) in the J...
South Korean online game maker NCSoft said Nov. 6 the new mobile version of its megahit game Lineage 2 will be launched later this month. Lineage 2M will be available Nov. 27, the company said. Players will be able to experience the massively multiplayer online role-playing game for the mob...
South Korea’s chip exports have climbed more than 5 percent this year despite a tumble in prices of key products, data showed Nov. 4. The country’s semiconductor exports totaled 29,834 tons for the year up to Oct. 25, up 5.2 percent from the same period a year earlier, according to data from ...
Telecom giant KT said Nov. 1 it has launched an ICT rescue center on Mount Annapurna in Nepal to offer network services for climbers in the region. Built at the Machhapuchhre Base Camp at the altitude of 3,700 meters, the information and communication technology center will be fitted with base s...
The number of subscribers to 5G services offered by the nation’s three telecommunications firms -- SK Telecom, KT, and LG Uplus -- came in at 3.47 million as of September, according to the Ministry of Science and ICT on Nov. 1. The telecom firms began commercial 5G services on April 3. The figure...
SK Telecom said Oct. 31 its third-quarter net profit plunged due to equity losses of its chipmaking subsidiary, while its operating profit remained mostly unchanged from the previous year. Its net income tumbled 73.9 percent to 274.4 billion won ($236 million) in the July-September period compa...
South Korea’s top internet portal operator Naver said Oct. 31 that its net profit jumped 24.7 percent in the third quarter from a year earlier due largely to the sound performance of its overall business. Its net profit reached 85.3 billion won ($73.1 million) in the July-September period, com...
South Korea on Oct. 30 opened a 5G fair to help local companies export their latest immersive content products. Domestic companies showcased their goods to prospective overseas partners at the two-day fair at an exhibition center in Goyang, northwest of Seoul, the Ministry of Science and ICT sa...
South Korean telecom giant KT said Oct. 30 it will invest 300 billion won ($256.9 million) in the next four years to develop advanced artificial intelligence technologies in various areas. KT said it will develop AI tech in four areas -- language, image, analysis and problem solving -- to incre...
G-Star 2019, the biggest annual game convention in Korea, is to see attendance from a slew of notable players in the game industry, but several will be missing from the picture. Biggest local game companies Nexon and NCSoft are not participating in this year’s event, with the former citing a desi...
The port city of Busan is expected to see a splurge of footfalls in November, with Korea’s biggest annual game convention G-Star slated to return Nov. 14-17 at Bexco. On the eve of the game trade show, the yearly Korea Game Award ceremony will reward the best games of the year at the Cultural Hal...
SK Telecom said on Oct. 27 it has formed a strategic partnership with Now Corporation to build 5G infrastructure in the Philippines. SKT will share its know-how in 5G infrastructure design and construction, opening up the export of business-to-business solutions between Korea and the Philippines. ...
South Korean chipmaker SK hynix said on Oct. 24 that it posted an operating profit of 472.6 billion won ($404 million) in the July-September period, down by a whopping 93 percent from a year earlier. The company attributed the profit drop to the falling price of DRAM chips. The third-quarter reven...
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