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S. Korean Mobile Carriers Speeding Up Release of Children’s Content

S. Korean Mobile Carriers Speeding Up Release of Children’s Content

SEOUL, May 14 (Korea Bizwire) — South Korean mobile carriers are expanding their release of content targeting children users through their artificial intelligence platforms, industry watchers said Monday, as the IT industry for younger consumers is anticipated to continue to grow sharply down the road. The country’s No. 2 mobile carrier KT Corp. currently provides [...]

New App Combats Smartphone Addiction Among Youth

New App Combats Smartphone Addiction Among Youth

SEOUL, May 10 (Korea Bizwire) — The Korea Communications Commission (KCC) announced yesterday the development of a smartphone application that will foster the prevention of smartphone addiction in youth. One function of the application locks the screen of the smartphone when a young user is walking while using the device. The service will initiate today. [...]

Smartphone App Helps Treat Patients

Smartphone App Helps Treat Patients

SEOUL, May 9 (Korea Bizwire) — A clinical test has revealed that a smartphone application linked to a hospital used to manage daily habits helped to improve patients’ well-being. A team of doctors composed of Prof. Kim Jung-hun (otolaryngology), Prof. Jeong Se-yeong (family medicine), and Prof. Yu Su-yeong (medical information center) at the Seoul National [...]

LG Electronics to Release New Smartwatch Next Month: Sources

LG Electronics to Release New Smartwatch Next Month: Sources

SEOUL, May 9 (Korea Bizwire) — LG Electronics Inc., which recently showcased the LG G7 ThinQ smartphone, plans to release a new smartwatch next month, seeking to accelerate efforts to revitalize its struggling mobile communication business, industry watchers said Wednesday. The new smartwatch would become the successor of the LG Watch Style released in March [...]

Samsung’s Smartphone Market Share in China’s Inches Up

Samsung’s Smartphone Market Share in China’s Inches Up

SEOUL, May 7 (Korea Bizwire) — After recording a market share of 0 percent in China’s smartphone market in the fourth quarter of last year, a recent report has shown that Samsung Electronics barely broke the 1 percent mark in the first quarter of this year. According to Street Analytics, a market research firm, Samsung [...]

Online Shopping Takes Off, but Worrying Signs from China, U.S.

Online Shopping Takes Off, but Worrying Signs from China, U.S.

SEOUL, May 4 (Korea Bizwire) — With food-related online purchases on the rise thanks to mobile delivery apps, the total volume for online shopping saw record-breaking sales in March totaling 9 trillion won. The first quarter figures for online shopping consumers from China appeared to be somewhat slower due to the lingering aftermath of the [...]

Samsung Expands Presence, LG Loses Ground in N. American Smartphone Market

Samsung Expands Presence, LG Loses Ground in N. American Smartphone Market

SEOUL, May 4 (Korea Bizwire) — Samsung Electronics Co. saw its market share in the North American smartphone market increase in the first quarter compared to the year before, data showed Friday, while its smaller South Korean rival LG Electronics Inc. lost ground. According to the report by industry tracker Strategy Analytics, Samsung took 28.6 [...]

Gov’t to Consider Granting 3rd Internet-only Bank Permit

Gov’t to Consider Granting 3rd Internet-only Bank Permit

SEOUL, May 2 (Korea Bizwire) — The government will actively consider granting a license to set up the nation’s third Internet-only bank, as part of its efforts to ease entry barriers to the financial sector, officials said Wednesday. Financial Services Commission (FSC) Vice Chairman Kim Yong-beom unveiled a series of measures to soften regulations in [...]