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Samsung Set to Lose Ground in Smartphone Market in 2018: Strategy Analytics

Samsung Set to Lose Ground in Smartphone Market in 2018: Strategy Analytics

SEOUL, Dec. 14 (Korea Bizwire) — Samsung Electronics Co. is forecast to lose ground next year in the smartphone segment, an industry tracker said Thursday, apparently due to the rise of Chinese manufacturers. Strategy Analytics said Samsung Electronics is expected to post a market share of 19.2 percent in the global smartphone industry in 2018 [...]

S. Korean Telecoms Bet on 5G, AI

S. Korean Telecoms Bet on 5G, AI

SEOUL, Dec. 11 (Korea Bizwire) — Major South Korean telecom companies are reshuffling their staff with a focus shift to more profitable and long-term projects such as 5G and AI. According to sources close to the mobile industry, SK Telecom has reorganized seven of its departments and prioritized units dealing with up-and-coming and next-generation services such [...]

LG Electronics Develops LTE-based Autonomous Driving Technology

LG Electronics Develops LTE-based Autonomous Driving Technology

SEOUL, Dec. 10 (Korea Bizwire) – LG Electronics Co. has developed an LTE-based autonomous driving technology as part of its ongoing effort to make a presence in the next-generation vehicle market, the company said Sunday. On top of its mainstay handset and home appliance businesses, LG Electronics has stepped up efforts to diversify its portfolios, [...]

Samsung Pay Expanding into Mobile Banking Service

Samsung Pay Expanding into Mobile Banking Service

SEOUL, Dec. 10 (Korea Bizwire) — Samsung Electronics Co.’s mobile payment system is moving to expand into the banking sector to offer more diverse services to users, the South Korean tech giant said Sunday. The company said that starting Thursday, the payment system installed on some of its newer smartphones can be used to carry [...]

Lineage 2: Revolution Given Google Play’s ‘Best Game of 2017′ Award

Lineage 2: Revolution Given Google Play’s ‘Best Game of 2017′ Award

SEOUL, Dec. 8 (Korea Bizwire) – Netmarble Games said Friday its latest game “Lineage 2: Revolution” has been given Google Play’s “Best Game of 2017″ award in South Korea and five other Asian countries. South Korea’s No. 1 mobile game developer and publisher said Lineage 2: Revolution, a mobile MMORPG game licensed by NCSoft and [...]

Internet-only Banks Beat Out Traditional Mobile Banking in Consumer Satisfaction Survey

Internet-only Banks Beat Out Traditional Mobile Banking in Consumer Satisfaction Survey

SEOUL, Dec. 7 (Korea Bizwire) – Internet-only banks like K Bank and Kakao Bank are rated higher in consumer satisfaction than online banking services provided by traditional financial institutions, but trust issues with the online services remain. Consumer satisfaction with internet-only banks was higher in six categories, among them bank fees and interest rates, compared [...]

Hyundai Motor, Luxi Team Up for Carpooling Service

Hyundai Motor, Luxi Team Up for Carpooling Service

SEOUL, Dec. 6 (Korea Bizwire) – Hyundai Motor is poised to branch out into the car sharing service industry in partnership with carpool service provider Luxi. The automaker signaled its foray into the carpool service market on Tuesday, after making a public announcement of Project Ioniq, a joint future mobility research project with Luxi to develop [...]