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The total value of online shopping in Korea reached a record high in January, government data showed on March 6, in the latest sign that a growing number of people are using computers and mobile devices to buy things ranging from clothes to electronic goods. Total online transactions reached 10...
Korea has the most advanced 5G network in the world after using the Winter Olympics to showcase its edge and is set to roll out commercial services later this month, a London-based market researcher said on March 6. According to Arthur D. Little’s 5G country leadership index on over 40 countri...
Kakao Mobility, a mobility platform operator owned by messenger service provider Kakao, will launch an e-bike sharing service on March 6, making a foray into what is known as the micro-mobility segment, according to news reports March 5. The company’s e-bike service will initially be available in...
In Korea, cash has been pouring into the local partners of public cloud infrastructure providers like Amazon Web Services over the past couple of years as more corporations migrate to the cloud system. More companies are moving to cloud infrastructure to store data, enhance computing power and fac...
Korea’s top mobile messenger operator Kakao said on March 4 that its investment-focused affiliate has signed a deal with a local hospital to provide health care and tailored medical services to patients. Kakao Investment plans to invest 10 billion won (US$8.90 million) in a joint venture betwe...
Korean software developer Hancom said on Feb. 27 it will shift its focus to the shared mobility business to bolster its smart city platform, hoping to cash in on the growing technology sector. Hancom said it has acquired a 46.8 percent stake in its parking lot sharing platform Hancom Mobility for ...
Augmented reality glasses will be available in Korea this year, after SK Telecom signed an exclusive contract with the US startup Magic Leap, the Korean mobile carrier said Feb. 27. SKT struck a deal to distribute Magic Leap’s AR head-mounted display in the Korean market, though it did not specif...
Chinese telecom equipment maker Huawei Technologies wants to expand investment in Korea’s 5G infrastructure and services as it moves to strengthen its presence in the key market, a senior network official said on Feb. 27. Korean carrier LG Uplus used Huawei’s equipment for its 5G infrastructure ...
Korea’s Ministry of Science and ICT said on Feb. 27 it will work with GSMA, an international trade body that represents mobile network operators, to promote 5G technology and share successful cases in various areas. The ministry and GSMA signed a memorandum of understanding, calling for collabora...
The head of Korean telecom company KT said on Feb. 26 that 5G will open up new business opportunities by providing a platform for innovative services and solutions. CEO Hwang Chang-kyu underscored the potential of the next-generation mobile technology in business-to-business areas, in hopes of cas...
SK Telecom and Comcast Spectacor on Feb. 25 agreed to establish an esports joint venture tasked with global team operation, content development and marketing to cash in on the fast growing entertainment segment. Korea’s leading mobile carrier and US media and entertainment giant Comcast‘s profe...
Korean carrier KT and Finnish telecom equipment maker Nokia said on Feb. 25 they have agreed to work together to enhance 5G services and network operational efficiency. The two companies signed a memorandum of understanding to jointly test 5G technologies, including network function virtualizati...
Digital information access among underprivileged people in Korea improved in 2018 from the previous year, a poll showed on Feb. 25. According to the survey of 15,000 people nationwide, the digital information level among so-called digitally vulnerable groups stood at 68.9 percent of the average fo...
With the commercial rollout of fifth-generation wireless networks just around the corner, companies around the world are set to showcase 5G-related technologies during the world’s largest mobile event this week. Handset and telecom firms have descended on Barcelona in Spain for the Mobile World C...
LG Uplus said on Feb. 21 it will present a wide range of enterprise solutions based on 5G network during the upcoming global mobile show to explore new business opportunities. Korea’s No. 3 mobile carrier said it will introduce business-to-business 5G solutions, including a smart factory, a remot...
Over 80,000 millionaires, 20 billionaires in Seoul: report
Korean drug makers flock to obesity treatment
Kakao Bank hits record high quarterly profit in Q1
Coupang earnings hit hard by losses from ailing Farfetch
Minister pledges support for Naver in Line dispute
Korean battery makers heave sigh of relief over 2-year IRA reprieve