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[THE INVESTOR] Following a yearslong dispute with South Korea’s internet service providers over network maintenance fees, Facebook has reportedly agreed to pay SK Broadband for using its server to secure faster internet connection to the social networking service. According to the government and...
[THE INVESTOR] ICHEON, Gyeonggi Province -- The fifth generation of double data rate DRAM that SK hynix developed as the world’s first last year could be a more reliable solution for automotive memory not only because of its speed but also because of its ability to correct errors. The error co...
[THE INVESTOR] Despite posting record earnings last year, chipmaker SK hynix said on Jan. 24 that it will reduce capital investments in the face of demand slowdown in the global DRAM market. “The company plans to reduce equipment investments by 40 percent in 2019, compared with last year,” an S...
[THE INVESTOR] Tinder wants to be more than an app for hooking up in Korea. Instead, it is hoping to build a community, according to its chief executive on Jan. 22. “There isn’t just one culture for Tinder,” said CEO Elie Seidman during his first press conference in Korea. “What we see around...
[THE INVESTOR] Sandbox Network, one of Korea’s top YouTube management companies, is eying an IPO within the next couple of years, according to a top executive. “We are looking at the year 2021 or 2022 to go public,” Sandbox CEO Lee Pil-sung said in a recent interview with The Investor. “Accor...
[THE INVESTOR] Korea’s fixed-line operator SK Broadband said on Jan. 21 that it is pushing to increase its network capacity to deal with the growing number of people using services offered by U.S. video streaming platform Netflix. The company is planning to increase its data transfer speed f...
[THE INVESTOR] Korea’s corporate watchdog claimed that US tech giant Apple’s practice of shifting the cost of advertisements to mobile carriers can be deemed an abuse of power, a document released on Jan. 21 showed. The Fair Trade Commission has been investigating Apple’s suspected abuse of...
[THE INVESTOR] Telecom firm KT said on Jan. 17 that it will work with auto parts maker Hyundai Mobis to develop technologies for connected vehicles running the 5G network. As the first step, the telco has installed 5G facilities and devices at the Hyundai Motor Group subsidiary’s test-drivin...
[THE INVESTOR] Kakao Mobility, a subsidiary of Korea’s top mobile messenger operator, on Jan. 15 announced that it is putting its carpool beta service on hold to first talk things over with the infuriated taxi operators. “We are open to scrapping the service,” the Kakao affiliate said in a st...
[THE INVESTOR] Korean internet giant Kakao will show strong growth momentum in 2019 after its weak performance in the fourth quarter last year, KB Securities said on Jan. 15. The brokerage maintained a “buy” recommendation and a target price of 135,000 won (US$120.45). Kakao’s revenue in th...
[THE INVESTOR] Korea’s largest mobile carrier SK Telecom on Jan. 15 launched a next-generation messaging service, called Rich Communication Services, which be first available on Samsung Electronics ’ flagship models Galaxy S9 and S9+. Based on technical standards set by GSMA, a global assoc...
[THE INVESTOR] In recent years, Korea’s door-to-door delivery service has evolved to allow customers to expect their parcels the very next day, or within 2 to 3 days at maximum. While much of this dynamic still stands, e-commerce companies and retail giants have rolled out a “dawn delivery” s...
[THE INVESTOR] SK Group said Jan. 13 that the first combined presentation by its core affiliates -- including SK Innovation, SK Telecom and SK hynix -- showcasing the latest mobility technology at Consumer Electronics Show 2019 was a great success. This year’s CES, held last week in Las Vegas, dr...
[THE INVESTOR] Guangzhou, CHINA -- Zhang Xiaolong, 49-year-old WeChat and Foxmail creator, barely gives an interview to the media. But once a year, he stands in front of thousands of developers, partners and fans to talk about the previous year and kickstart the new year. This time at WeChat Open...
[THE INVESTOR] Guangzhou, CHINA -- Eight years ago, Zhang Xiaolong, a media-shy computer engineer of Tencent Holdings, created a mobile messenger app now used by more than 1 billion users. Zhang, also known as Allen, said at the two-day WeChat Open Class Pro -- the company’s largest annual event...
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SC Bank Korea offers special interest rate for new members
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