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Sony May Retreat from S. Korean Smartphone Market

Sony May Retreat from S. Korean Smartphone Market

SEOUL, May 24 (Korea Bizwire) — Experts are raising the possibility that Japanese tech giant Sony Corp. will retreat from the South Korean smartphone market due to recent struggles. Sony also decided not to release new smartphones in South Korea for the first half of this year. Sony announced on Tuesday at a Corporate Strategy Meeting [...]

Experts Call on Kakao and Naver to Stop Selling Apps on Their Own Platforms

Experts Call on Kakao and Naver to Stop Selling Apps on Their Own Platforms

SEOUL, May 23 (Korea Bizwire) — Experts are arguing that the practices of Kakao Corp., Naver Corp., and other platform businesses selling apps using their own platforms are negatively impacting the national economy. Local research institute Pi-Touch announced on Wednesday that if platform providers refrain from selling apps on their own platforms, 1.8 million jobs [...]

S. Korean IT Firms Concerned as U.S. Imposes Huawei Ban

S. Korean IT Firms Concerned as U.S. Imposes Huawei Ban

SEOUL, May 21 (Korea Bizwire) — South Korean companies are concerned over possible collateral damage as the U.S. government is putting heavy pressure on Huawei Technologies Co., a Chinese electronics manufacturer. While South Korean IT firms are not expecting any immediate impact, they are keeping a close watch on the trade war between the U.S. [...]

Kakaopay to Expand Offline Payment Service

Kakaopay to Expand Offline Payment Service

SEOUL, May 20 (Korea Bizwire) — Kakaopay Corp. said Monday that it will expand its offline payment business to solidify its status as South Korea’s leading fintech service platform provider. Kakaopay said it plans to launch its own application within this year so that more users can use credit cards through the one-click payment system [...]

Mobile Weather Apps Gain Popularity amid Fine Dust Concerns

Mobile Weather Apps Gain Popularity amid Fine Dust Concerns

SEOUL, May 16 (Korea Bizwire) — Mobile applications providing weather information are gaining huge popularity in South Korea as more people seek to monitor the fine dust air pollution that often blankets the country, industry data showed Thursday. The number of downloads of weather mobile apps at Google Play jumped to 2.8 million in the [...]

S. Koreans in Their 50s and Older Spend Most Time on YouTube: Data

S. Koreans in Their 50s and Older Spend Most Time on YouTube: Data

SEOUL, May 14 (Korea Bizwire) — South Koreans in their 50s and older are the fastest-growing segment of YouTube users, having spent the most time on the video-sharing website of all age brackets, industry data showed Tuesday. People aged 50 or older spent a combined 10.1 billion minutes watching YouTube in April, compared with 5.1 [...]

SK Telecom, Microsoft Sign MOU on 5G, AI, Cloud Computing

SK Telecom, Microsoft Sign MOU on 5G, AI, Cloud Computing

SEOUL, May 13 (Korea Bizwire) — SK Telecom Co. and Microsoft Corp. have agreed to collaborate in cutting-edge ICT areas, including 5G, artificial intelligence (AI) and cloud computing, to foster new business opportunities, the companies said Monday. The South Korean telecom and U.S. tech giants signed a memorandum of understanding (MOU) last week to combine [...]