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Delivery Services to Spill over into Online Grocery Shopping

Delivery Services to Spill over into Online Grocery Shopping

SEOUL, May 8 (Korea Bizwire) – Grocery shopping via online and mobile channels in South Korea rose sharply in the first quarter from a year earlier, backed by robust demand for delivery services of fresh food amid a rise in the number of one-person households, data showed Friday. The amount of transactions made for fresh produce through online shopping malls reached 2.18 trillion won (US$1.92 billion), up 35.6 percent from the first three months of [...]

More South Korean Seniors Prefer Smartphones over Flip-Phones

More South Korean Seniors Prefer Smartphones over Flip-Phones

SEOUL, May 4 (Korea Bizwire) – A rising number of seniors are purchasing the latest smartphones, industry data showed Thursday, breaking the perception that older users normally buy traditional handsets with buttons.  According to the data compiled SK Telecom Co., 74 percent of its users aged 60 and above used smartphones as of April. The [...]

World’s Digital Cartoon Market to Hit $1.17 bln in 2020

World’s Digital Cartoon Market to Hit $1.17 bln in 2020

SEOUL, May 4 (Korea Bizwire) – The global market for digital animation is expected to grow at an average of 10.8 percent annually to US$1.17 billion in 2020, an industry report said Wednesday. According to the annual report by the National IT Industry Promotion Agency (NIPA), the global digital cartoon market came to $814 million in 2016, up 15.7 percent from a year earlier. The findings showed digital cartoons accounted for only 4.1 percent of the entire animation industry in 2011 [...]

Samsung to Start Full-fledged Service of Bixby AI Program

Samsung to Start Full-fledged Service of Bixby AI Program

SEOUL, May 2 (Korea Bizwire) — Samsung Electronics Co. said it plans to start the full-fledged service of Bixby, an artificial intelligence (AI) program installed in its latest flagship Galaxy S8 smartphones. While Samsung officially released the Galaxy S8 smartphone last month, the Bixby service was still in launch preparations. Through deep-learning technology, Samsung said [...]

Study Shows 88 pct of Financial Firms Threatened by Clout of Fintech

Study Shows 88 pct of Financial Firms Threatened by Clout of Fintech

SEOUL, May 2 (Korea Bizwire) — Nearly 90 percent of financial firms worldwide said their businesses are at risk from rapidly expanding fintech rivals and they fear losing revenue to the financial innovators, according to a new study released on Monday, in the latest sign of the growing influence of financial technology, known as fintech. [...]