SEOUL, April 30 (Korea Bizwire) — Ryu Young-sang, chief executive officer (CEO) of SK Telecom Co., said Wednesday the company is preparing for the worst-case scenario that a recent cyberattack may have leaked the universal subscriber identity module (USIM) data of all 25 million subscribers. “In the worst-case scenario, we are bracing for it,” Ryu [...]
SEOUL, April 30 (Korea Bizwire) — A recent hacking incident at SK Telecom has triggered a spike in demand for SIM card replacements and mobile number transfers, with some South Korean banks poised to benefit from the unexpected fallout by expanding their budget mobile phone services. According to banking industry officials on Tuesday, KB Kookmin [...]
SEOUL, April 29, (Korea Bizwire) — The fallout from a major hacking incident at SK Telecom is set to trigger a significant environmental cost, with greenhouse gas emissions from mass SIM card replacements projected to reach thousands of tons, according to industry estimates released Monday. Approximately 23 million SK Telecom subscribers and an additional 1.87 [...]
SEOUL, April 23 (Korea Bizwire) — LG Innotek Co., an electronic component manufacturing unit of LG Group, said Wednesday its first-quarter net profit tumbled nearly 40 percent due to waning demand and intensifying competition. In a regulatory filing, the company reported a net income of 85.6 billion won (US$60.1 million) for the January-March period, down [...]
SEOUL, April 21 (Korea Bizwire) — Samsung Electronics Co. said Monday its Galaxy smartphone camera technology has contributed to coral reef restoration efforts led by U.S.-based researchers and environmental activists. The company has been conducting the “Coral in Focus” project for about a year in collaboration with the U.S. nonprofit organization Seatrees and the University [...]
SEOUL, April 21 (Korea Bizwire) — South Korean convenience store chain GS25 is turning missed search results into a powerful tool for product innovation, using customer data from its mobile app to identify and launch new alcoholic beverages. GS25 announced Sunday that it has been analyzing “search failure” data from its app Our Neighborhood GS, particularly [...]
SEOUL, April 18, (Korea Bizwire) — Woori Bank has officially entered South Korea’s budget telecom market with the launch of its new mobile virtual network operator (MVNO) service, WooriWON Mobile, which began operations on April 18, 2025. To mark the launch, Woori Bank is offering promotional benefits worth up to 300,000 won for new customers [...]
SEOUL, April 17, (Korea Bizwire) — Samsung Electronics retained its position as the global leader in smartphone shipments in the first quarter of 2025, according to multiple market research firms. However, a separate analysis based on sales volumes placed Apple in the top spot, raising questions about diverging metrics and the impact of U.S. trade [...]
SEOUL, April 15 (Korea Bizwire) — South Korean tech giant Naver has kicked off a month-long campaign aimed at foreign tourists, promoting trendy destinations across the country through its map platform as part of broader efforts to compete with global rivals like Google. The “Be Local” campaign, which began Monday, targets users who set the Naver [...]
SEOUL, April 9 (Korea Bizwire) — After a challenging year dominated by Chinese titles, South Korea’s game industry is showing signs of renewed momentum as a string of high-performing new releases finds success across both mobile and PC/console platforms. According to data from Mobile Index, Netmarble’s RF Online Next, a massively multiplayer online role-playing game [...]