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More than 63 percent of South Koreans have used banking and payment services via smartphones as a growing number are getting familiar with the tech device in their everyday lives, a central bank poll showed on March 26. The survey of 2,597 adults, conducted by the Bank of Korea last year, showe...
South Korean mobile carrier SK Telecom said on March 25 it has completed key tests of its 5G network on Samsung Electronics’ upcoming 5G smartphone as part of preparation for its commercial rollout next week. SKT said it has conducted extensive tests on Samsung’s 5G flagship smartphone over t...
South Korean K-pop girl group BLACKPINK has topped 20 million in the number of subscribers to its official YouTube channel, the first for a K-pop act. The group hit the milestone Thursday (U.S. time) to become the first K-pop act to do so, U.S. Billboard magazine said. The number was 20,307,402 a...
South Korea’s antitrust regulator said on March 21 that it has canceled part of a penalty of 273 billion won ($243 million) it previously levied against US mobile chipmaking giant Qualcomm. The move by the Fair Trade Commission came two months after the Supreme Court ruled that certain periods...
South Korea’s top mobile messenger operator Kakao has acquired a 28.9 percent stake in travel agency Tidesquare for 34.7 billion won ($30.70 million), it said on March 19. Established in 2009, Tidesquare provides online hotel and flight booking services. The company grew through a partnership wit...
The South Korean taxi industry has long been tainted with negative perceptions: bad interiors, reckless driving, overcharging, refusing short fares and impolite drivers. In a bid to tackle these issues, Kakao Mobility, a mobility platform company, and Tago Solutions, a taxi franchise consisting of...
South Korea’s telecom industry and smartphone makers are bending over backwards to stay in the race for bringing 5G network services to the market for the first time in the world. Ironically, the biggest hurdle in commercialization is the government, which wants telecom companies to launch cheape...
Sweden-based audio streaming platform Spotify is poised to enter the South Korean digital music market worth 1 trillion won ($880 billion), according to the Electronic Times on March 18. The local media report cited anonymous sources in the industry noting that the Swedish firm has initiated negot...
South Korean mobile carrier SK Telecom said on March 18 it will apply quantum cryptography technology in its 5G network to ensure security of its operations. Quantum-safe technology encrypts transmitted data using special quantum keys, which prevents interception or theft, minimizing the variou...
South Korea’s antitrust regulator said on March 14 it has urged US internet giant Google to make changes in some of its terms of service. The Fair Trade Commission said Google should inform its users individually of changes to its terms of service if the changes are serious in nature or are de...
South Korean firm KT said on March 12 it will integrate its 5G network with a voice-controlled drone enabled by artificial intelligence to better monitor major infrastructure. KT signed a memorandum of understanding with indigenous drone developer Woori Aviation, voice recognition solution star...
South Korean fixed-line operator SK Broadband on March 12 introduced a homeschool service targeted for toddlers on its IPTV network, in collaboration with education experts. It has teamed up with Play Songs, a music-oriented play school for kids, to release its homeschool version on B tv. T...
South Korea’s game developer DoubleU Games will transfer its stock listing to the country’s main Kospi exchange this week, the bourse operator said on March 12. The company, which has been listed on the country’s tech-laden Kosdaq bourse since 2015, is to make its debut on the upper-tier Kos...
The global photo- and video-sharing platform Instagram aims to help South Korean culture, noticeably K-pop and esports, expand globally, the company’s new chief said on March 12. “K-pop is much more than just music,” CEO Adam Mosseri told reporters in Seoul, emphasizing the significance of t...
Korea’s telecom giant SK Telecom is pushing to team up with Singapore’s Singtel to mutually invest in their over-the-top subsidiaries, industry sources in Seoul said on March 10. The partnership, which is currently under discussion, enables Singtel to invest in SKT’s OTT video service OKSUSU...
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