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Samsung Electronics and Huawei Technologies are both rolling out phones with folding displays in late February, in a move that may help beat the recent stagnation in global smartphone market. Huawei gave a preview of a profile of its first foldable smartphone via a 2019 Mobile World Congress press...
Korea’s No. 1 broadband service provider KT said on Feb. 7 it will expand its overseas network capacity to deal with a sharp rise in traffic caused by US video streaming giant Netflix. KT joined its local peers to increase its network capacity abroad to handle a growing number of complaints ov...
[THE INVESTOR] Nearly 200 billion won (US$178.20 million) worth of membership points by Korea’s three mobile carriers went unused and expired over the past six years, a report by Ministry of Science and ICT showed on Feb. 7. A total of 190.5 billion won worth of reward points offered by SK Te...
[THE INVESTOR] Netmarble Games, Korea’s leading mobile game maker, said on Feb 1 it is mulling to acquire rival NXC, joining other big names eyeing the holding firm of Korean-Japanese internet game developer Nexon. “As we are concerned about the possible destruction of the ecosystem and weakeni...
[THE INVESTOR] Korea’s YouTuber management startup Sandbox Network announced on Jan. 31 that it has closed its series C round having raised 25 billion won (US$27.75 million). Sandbox Network is well-known for managing popular game YouTubers including Dotty, who is also the company’s chief creat...
[THE INVESTOR] Korea’s top internet portal operator Naver said on Jan. 31 that its net profit fell more than 17 percent in 2018 from a year ago due to massive investments in advanced technologies such as artificial intelligence and autonomous driving. The firm’s net profit came to 636.4 billion...
[THE INVESTOR] Cybercrimes increased nearly 14 percent in Korea last year to reach about 150,000 cases, the National Police Agency said in a report on Jan. 31. A total of 149,604 cybercrimes occurred in the nation in 2018, up 13.6 percent from 131,734 recorded for the previous year, according to t...
[THE INVESTOR] SK Telecom said on Jan. 31 its net earnings plummeted in the fourth quarter of last year compared with a year earlier due to sluggish mobile business and increased investment in the 5G network. The company’s net income stood at 474.5 billion won (US$426.30 million) in the October-D...
[THE INVESTOR] Korea’s top mobile carrier SK Telecom said on Jan. 30 it will partner with Grab, Southeast Asia’s largest ride-hailing app, to provide real-time navigation services based on big data. SKT and Grab signed an agreement to establish a joint venture, Grab Geo Holdings, in charge o...
[THE INVESTOR] LG Uplus said on Jan. 29 that its fourth-quarter net profit plummeted 55.4 percent from a year earlier due to sluggish mobile sales and increased spending on 5G infrastructure. Korea’s No. 3 mobile carrier said its net profit reached 65.5 billion won (US$58.60 million) during t...
[THE INVESTOR] Mobile phone fees in Korea reached an all-time low in 2018 thanks to a government policy and carriers’ fee cuts, government data showed on Jan. 28. The mobile fee index stood at 98.4 last year, down 1.6 percent from the previous year, according to the data from the Ministry of ...
[THE INVESTOR] Kids contents creating company CarrieSoft is planning to get listed on the second-tier KOSDAQ market in 2019, according to industry sources on Jan. 28. “We are preparing for an IPO during the second half of this year,” a company spokesperson told The Investor, confirming the deve...
[THE INVESTOR] Thousands of game industry officials gathered at the Taipei Game Show 2019 that kicked off on Jan. 24 to participate in the trade fair’s largest-ever B2B section. Blaring out from a 32-meter wide and 9-meter high water projection screen -- the biggest the city has ever seen -- was ...
[THE INVESTOR] With Koreas’ mobile carriers gearing up to rollout their 5G networks for regular consumers nationwide as early as March, they face a dilemma over whether to charge more for the faster new service. The country’s three telecom giants -- SK Telecom , KT and LG Uplus -- began o...
[THE INVESTOR] South Korea is increasingly going walletless, as more people are opting to use services that allow payments to be made easily with just smartphones both offline and online. With growing opportunities, smartphone-based payments have drawn interest from multiple players including inf...
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