SEOUL, Aug. 10 (Korea Bizwire) — Samsung Electronics Co. on Wednesday introduced its latest lineup of foldable smartphones and other key products, as the tech giant is working to achieve a breakthrough in the stalled smartphone business amid weakened consumer spending. The next-generation foldable smartphones, the Galaxy Z Flip 4 and the Galaxy Z Fold [...]
SEOUL, Aug. 9 (Korea Bizwire) — South Korea’s telecommunications regulator said Tuesday it will launch an official fact-finding investigation into the app stores of Google Inc., Apple Inc. and ONE store Co. next week, saying that the companies may be in violation of the country’s in-app payment laws. The Korea Communications Commission (KCC) said it [...]
SEOUL, Aug. 9 (Korea Bizwire) — Jihae Jenna Lee, a former portfolio manager at Boston-based hedge fund Acadian Asset Management, last year extended her “funeral date” by another five years. Her robo-advisor asset management company, AIM (Automated Investment Management) Inc., founded in 2016, had grown significantly in the fourth year of operation, with the volume [...]
SEOUL, Aug. 9 (Korea Bizwire) — After gaining success on the basis of specific area-centered services, a string of apps are being transformed into so-called “super apps.” South Korea’s largest car-sharing and mobility service provider SOCAR Inc. is preparing to launch a super app that can offer all-in-one services covering not only car sharing but [...]
SEOUL, July 29 (Korea Bizwire) — Samsung Electronics Co. said Thursday it will officially launch Repair Mode service to ensure that personal information is kept private for Galaxy smartphone users. In this mode, personal data such as photos, messages and accounts are inaccessible and only basic applications are accessible. Users can activate the new mode [...]
SEOUL, July 28 (Korea Bizwire) — Meta, the operator of Facebook, on Thursday withdrew a controversial plan to deny access to users of its famous platform if they do not accept the terms of its privacy policy update, a government official said. The decision came as the Personal Information Protection Commission has been looking into [...]
SEOUL, July 26 (Korea Bizwire) – “Extraordinary Attorney Woo,” a South Korean TV series about a rookie lawyer with autism spectrum disorder, has become the latest global K-drama sensation, dominating local cable show ratings and topping Netflix’s viewership chart of non-English shows for multiple weeks. And for all the praise the show has garnered, fans [...]
SEOUL, July 25 (Korea Bizwire) – The head of Kakao Mobility Corp., South Korea’s leading ride-hailing company, said Monday he has asked the firm’s largest shareholder, Kakao Corp., to postpone its plan to sell part of its shares to a private equity fund amid strong protest from Kakao Mobility’s labor union, sources said. According to [...]
SEOUL, July 22 (Korea Bizwire) — The Personal Information Protection Commission is looking into whether the upcoming privacy policy update by Meta, the operator of Facebook, runs afoul of domestic law and will take action if any irregularities are found, officials said Friday. Meta has since late May sent out notifications to South Korean users [...]
SEOUL, July 20 (Korea Bizwire) — Samsung Electronics Co. said Wednesday it will unveil its latest foldable smartphone series next month, as the tech giant aims to achieve a breakthrough in the stalled smartphone business. The next-generation foldable smartphones, Galaxy Z Flip 4 and Galaxy Z Fold 4, are expected to be showcased during the [...]