SEOUL, Dec. 9 (Korea Bizwire) — Naver’s standalone AI-driven shopping app, Naver Plus Store, has emerged as the fastest-growing e-commerce platform in South Korea this year, according to a global app market analysis released Monday by Sensor Tower. From January through October, Naver Plus Store ranked No. 1 in both total downloads and download growth among [...]
SEOUL, Oct. 8 (Korea Bizwire) — Global sales of refurbished smartphones have entered a plateau, with growth stagnating in advanced economies but Apple gaining strong momentum in emerging markets, according to a new industry report. Market tracker Counterpoint Research said Wednesday that worldwide sales of refurbished, or “refurb” phones—devices repaired and resold after return or [...]
SEOUL, Sept. 11 (Korea Bizwire) — Science Minister Bae Kyung-hoon visited an office of South Korea’s No. 2 mobile carrier KT Corp. on Thursday, calling for an all-out effort to address a recent series of unauthorized mobile payments. The visit came after a total of 278 cases of unauthorized mobile payments worth 170 million won [...]
SEOUL, Sept. 9 (Korea Bizwire) — The science ministry on Tuesday launched a special team to probe a recent series of unauthorized mobile payments reported by users of KT Corp., the country’s No. 2 telecom carrier. The move came after a number of unauthorized transactions were reported among KT users in southwestern Seoul and the [...]
SEOUL, Aug. 26 (Korea Bizwire) — Uber announced Tuesday that it will introduce its subscription-based membership program in South Korea next month, escalating competition in the country’s mobility market as rivals race to lock in loyal customers. At a press briefing in Seoul, Uber Taxi Korea head Song Jin-woo said the service, called Uber One, [...]
SEOUL, Aug. 23 (Korea Bizwire) — Nearly a third of South Korean retail investors using mobile trading apps have experienced system failures or access disruptions, raising concerns about reliability in a market where split-second timing can determine profits and losses. According to a survey released Friday by the Korea Consumer Agency, 59 percent of respondents [...]
SEOUL, Aug. 22 (Korea Bizwire) — Samsung Pay, a mobile payment system operated by Samsung Electronics Co., experienced a temporary disruption Friday, the company said, marking its third service disruption so far this year. Service failures for users with Hyundai Card were reported between 6:10 a.m. and 8:50 a.m. In a notice posted at 9:22 [...]
SEOUL, Aug. 14 (Korea Bizwire) — A steep expansion of SK Telecom’s membership discounts — part of its compensation plan following a major hacking incident — has triggered a price war among South Korea’s mobile carriers, shifting competition from subsidies for new sign-ups to perks aimed at retaining existing customers. Since August 11, SK Telecom [...]
SEOUL, Aug.11 (Korea Bizwire) – In a stark contrast to SK Telecom’s sharp decline, KT and LG U+ posted strong financial results for Q2 2025, despite the ongoing challenges in the telecom sector. SK Telecom’s operating profit dropped by 37.1% year-on-year, falling to 338.3 billion won, largely due to the aftermath of a major hacking [...]
SEOUL, Aug. 7 (Korea Bizwire) — Samsung Electronics has secured two major deals with global tech giants Tesla and Apple, signaling a potential turnaround for its long-struggling System LSI and foundry divisions. The company recently landed a record-breaking 23 trillion won ($16.5 billion) order from Tesla, followed by confirmation that it will begin supplying image [...]