SEOUL, March 29 (Korea Bizwire) — U.S. tech giant Apple Inc. said Wednesday it will open its fifth retail store in South Korea later this week, strengthening its presence in the country where its rival Samsung Electronics Co. is maintaining a dominant market position. Apple Gangnam will open in Seoul’s posh southern district of Gangnam [...]
SEOUL, March 27 (Korea Bizwire) — Apple Pay, the near field communication (NFC) payment service offered by U.S. tech giant Apple Inc., saw over 1 million registrations (based on token issuance) within a day of its launch. However, the impact of Apple Pay in the market is likely to be limited due to certain factors. [...]
SEOUL, March 22 (Korea Bizwire) — Kakao Mobility Corp., a mobility subsidiary of South Korea’s tech giant Kakao Corp, said Wednesday that it has acquired the British ride-hailing startup Splyt as part of its plans to go abroad. “The acquisition of Splyt is Kakao Mobility’s first overseas purchase deal,” the Korean company said in a [...]
SEOUL, March 22 (Korea Bizwire) — Apple Inc.’s long-awaited mobile payment service, Apple Pay, has finally landed in South Korea this week, some seven years after the service was first initiated in the United States. It is available in local convenience stores, supermarkets, like Lotte Department Store, and coffee shops, like Paul Bassett, starting Tuesday. [...]
SEOUL, March 21 (Korea Bizwire) – U.S. tech giant Apple Inc. on Tuesday launched its mobile payment service Apple Pay in South Korea. “Apple Pay is available from today in South Korea,” Duncan Olby, who oversees Apple Pay internationally, said in a press conference in Seoul. “Users can add their credit and debit cards on [...]
SEOUL, March 14 (Korea Bizwire) — With Apple Pay’s imminent launch in the South Korean market, Samsung Electronics Co. is pushing to join hands with Kakao following its earlier partnership with Naver Corp. According to industry sources, the tech giant is now in talks with Kakao Corp. to mutually integrate mobile payment services between Samsung [...]
SEOUL, March 9 (Korea Bizwire) — The number of Facebook users in South Korea fell to a record low last month as a growing number of young people opted to use Instagram and other social media platforms, industry data showed Thursday. Facebook had a combined 9.79 million South Korean monthly active users (MAU) on the [...]
SEOUL, March 3 (Korea Bizwire) — Musinsa Co., a South Korean fashion platform, said Friday it has become the first local fashion firm to be included in Fast Company’s list of the 10 most innovative companies in the Asia-Pacific region for the current year. The list has been compiled by the American business magazine every [...]
SEOUL, March 2 (Korea Bizwire) — Samsung Electronics Co. will begin adding its company logo to smartphones and other mobile devices sold in Japan. Samsung Japan recently changed the name of its mobile brand in Japan from “Galaxy” to “Samsung.” The name of its official website, too, changed from “Galaxy Mobile Japan” to “Samsung Japan.” [...]
SEOUL, Feb. 27 (Korea Bizwire) — Kakao Corp.’s recent decision to stop recruiting experienced developers is a reflection of the frozen IT industry amid the slumping economy. The South Korean tech giant’s spending on wages surged from 911.9 billion won (US$691 million) in 2020 to 1.68 trillion won last year. Due to the increased cost [...]