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The amount of crowdfunding in South Korea gained about 37 percent in the first quarter of this year, data showed on April 11, after the government softened rules to help small and medium-sized firms raise more funds via crowdfunding. According to the data by the Financial Services Commission, 4...
For the first time since it was founded in 2002, South Korean game developer Smilegate is out to list an affiliate in a bid to diversify its portfolio. Smilegate is the developer of hugely popular shooting game “CrossFire,” which boasts about 650 million users in some 80 countries. Its accumulat...
SK Telecom has invested 5 billion won ($4.37 million) in local entertainment company P Nation, according to industry sources on April 8. South Korean singer Psy, who shot to global fame with “Gangnam Style,” established the entertainment firm P Nation after his contract with K-pop powerhouse YG...
The South Korean government vowed on April 8 to develop 5G as the key platform for the “fourth industrial revolution” as the next-generation wireless technology promises advanced connectivity for a wide range of industries and services. The Ministry of Science and ICT said it has designated a...
While South Korea began commercial operations of fifth-generation cellular network services last week, there is still a long way to go for customers nationwide to benefit from the hyperspeed services. Rep. Byun Jae-il of the main opposition Liberty Korea Party said Sunday nearly 90 percent of the ...
China’s content regulators have finally granted licenses to overseas game makers after a 13-month hiatus. The State Administration of Press and Publications on April 2 released a list of new overseas game titles that have obtained commercial approval. The approvals this time include games develo...
The daily amount of payments made electronically nearly doubled last year as a growing number of South Koreans are carrying out their financial transactions on smartphones, central bank data showed on April 3. The daily average for electronic financial transactions came to a record 126.1 billio...
The total value of online shopping in South Korea rose 16.4 percent in February from a year earlier, government data showed on April 3, in the latest sign that a growing number of people are using computers and mobile devices to buy things ranging from clothes to consumer electronics. Total onl...
SK Telecom said on April 3 it will offer a wide range of mixed reality game and media contents for its 5G customers to take advantage of its new mobile network set to launch later this week. The nation’s top mobile carrier unveiled four types of mobile plans for 5G smartphone users, which rang...
South Korean telecom firm KT on April 2 introduced its mobile data plan for 5G smartphones, hoping to attract customers with wide coverage and a range of content. The nation’s second-largest mobile carrier launched three 5G mobile plans with free international roaming data in South Korea and 1...
South Korea’s leading memory chipmakers spent a record amount of money on research and development last year to hold onto their leading positions and develop emerging technologies, their financial statements showed on April 2. Samsung Electronics said it invested 18.7 trillion won ($16.5 billi...
[THE INVESTOR] South Korean telecommunications companies are set to announce pricing plans for fifth-generation wireless networks this week, amid intensifying new network services. The unveiling of pricing plans is anticipated as the government said it had approved mobile carriers’ pricing plans...
Gaming company NHN Entertainment said on March 29 that it would change its corporate name to NHN Corp. as part of its efforts to accelerate its transition into an IT company. The decision, made at the firm’s shareholders’ meeting that morning, will come into effect on April 1. Related: Is S....
The government is poised to approve the 5G mobile network rate plan by mobile carrier SK Telecom later this week, industry sources said on March 28. The Ministry of Science and ICT received the application from the mobile carrier on March 25 and is forecast to make the final decision later this...
The number of South Korean users subscribing to US video streaming platform Netflix more than tripled in one year, industry data showed on March 28, mainly on the back of the popularity of original local content. It is estimated to have nearly 2.4 million active streaming subscribers as of the ...
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